I already have EGLE and DHT and now adding NM. Dry Bulk Shipping like all stocks/sectors is in a down trend. The time to invest is now. Why? The world will slow down but shipping will never stop.
Navios Maritime Holdings, Inc., a seaborne shipping and logistics company, focuses on the transport and transshipment of drybulk commodities, including iron ore, coal, and grain. As of December 31, 2007, its fleet consisted of 62 vessels, aggregating approximately 6 million deadweight tons or dwt. The company owned 10 Ultra Handymax (50,000-55,000 dwt), 5 Panamax (70,000-83,000 dwt), 1 Capesize (approximately 100,000 dwt), and 1 Handysize (10,000-30,000 dwt) product tanker vessels. It also time charters in and operates a fleet of 5 Ultra-Handymax, 5 Handysize, 11 Panamax, 7 Kamsarmax, and 9 Capesize vessels under long-term time charters. In addition, the company owns and operates bulk transfer and storage port facility in Uruguay. It serves raw materials producers, agricultural traders and exporters, industrial end-users, shipowners, and charterers. The company was formerly known as Nautilus Maritime Holdings, Inc. and changed its name to Navios Maritime Holdings, Inc. in 2003. Navios Maritime Holdings, Inc. is headquartered in Piraeus, Greece.
$3.44 (10/22/08)
