Capital Link Shipping Forum Analyst & Investor Day

S H I P P I N G C O M P A N Y P R O F I L E S
Navios Maritime Partners, a publicly traded MLP, an international owner and
operator of dry cargo vessels, was formed by Navios Maritime Holdings Inc.
(NYSE: NM), a vertically integrated seaborne shipping company with 55 years
of operating history in the dry bulk shipping industry.
NMM’s young, modern and high quality fleet consists of 14 vessels, including
ten Panamax, three Capesize and one Ultra-Handymax with an average age of
about 6.3 years, significantly younger than the industry average of about 15.3
years.
Its vessels are chartered-out under medium to long-term time charters with an
average remaining term of approximately 4.0 years to a diversified customer
base with strong creditworthy counterparties. NMM’s charter-out contracts are
insured by a AA+ rated European Union Governmental Agency. An agreement
with NM, fixes vessel operating costs for NMM’s fleet until November 2011.
The Company’s common units are listed on the New York Stock Exchange
under the symbol “NMM.”
Navios Maritime Partners L.P.
www.navios-mlp.com
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CEO Message
Ms. Angeliki Frangou, Chairman and Chief
Executive Officer of Navios Maritime
Partners, commented: “In the 18 months
since we went public, we increased
distributions by 18.6%, and grew our fleet
by over 83.8%, from 626,100 dwt to over
1.1 million dwt. We did this all while also
maintaining a strong balance sheet.
Our cash distribution per unit was $0.415 for Q1 2010 or $1.66 on an annualized
basis, reflecting a yield of 10.1% based on the unit closing price of $16.45 on
May 11, 2010.
We are optimistic about the long term fundamentals of the dry bulk sector and
believe NMM is well positioned to take advantage of growth opportunities in
2010 and provide its unit holders with sustainable and attractive cash
distributions.”