Navios Maritime Partners L.P., (NYSE: NMM) an owner and operator of drybulk carriers, was newly formed by Navios Maritime Holdings Inc. (NYSE: NM), a vertically integrated seaborne shipping company with over 50 years of operating history in the drybulk shipping industry.

Navios Partners operates a fleet of seven drybulk carriers comprised of five owned Panamaxes and two chartered-in vessels (one Capesize and one Panamax), with a total carrying capacity of 626,100 dwt. Navios Partners will take delivery of one charter-in newbuilding Panamax in March 2008 Including this delivery, Navios Partners' fleet has an average age of approximately 5.6 years (based on dwt), which is significantly younger than the current industry average. Navios Partners expects to take delivery of one newbuilding Capesize in June 2009.

Navios Partners' vessels are chartered out to a strong group of counterparties under long-term time charters with an average remaining term of approximately 5.2 years.

Navios Partners' units are listed on the New York Stock Exchange and trade under the symbol "NMM".

For more information please visit our website: www.navios.com.