PIRAEUS, GREECE--(Marketwire - March 28, 2008) - Navios Maritime Partners L.P. ("Navios
Partners") (
NYSE:
NMM), an owner and operator of dry-bulk carriers, today
announced that its Annual Report on Form 20-F for the year ended December
31, 2007 has been filed with the SEC and can be accessible on the Company's
website
www.navios-mlp.com under the "Investors" section. Alternatively,
shareholders may also request a hard copy of the complete audited financial
statements, free of charge, by contacting the Company at:
Navios Maritime Partners L.P.
85, Akti Miaouli Street
Piraeus 185 38
Greece
Tel: +1 212 661 7566
Email: naviospartners@capitallink.com
ABOUT NAVIOS MARITIME PARTNERS L.P.
Navios Maritime Partners L.P., 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 eight drybulk carriers comprised of one
Capesize and five owned Panamax vessels and two chartered-in Panamax
vessels, with a total carrying capacity of 702,600 dwt and with an average
age of approximately 5.7 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 and has the option to acquire the capital stock of the subsidiary
that will own a newbuilding Capesize vessel scheduled for delivery in
October 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."
Risks and uncertainties are described in reports filed by Navios Maritime
Partners L.P. with the United States Securities and Exchange Commission.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and Navios Partners' growth strategy and measures to implement such
strategy; including expected vessel acquisitions and entering into further
time charters. Words such as "expects," "intends," "plans," "believes,"
"anticipates," "hopes," "estimates," and variations of such words and
similar expressions are intended to identify forward-looking statements.
Such statements include comments regarding expected revenue and time
charters. Although the Navios Partners believes that the expectations
reflected in such forward-looking statements are reasonable, no assurance
can be given that such expectations will prove to have been correct. These
statements involve known and unknown risks and are based upon a number of
assumptions and estimates which are inherently subject to significant
uncertainties and contingencies, many of which are beyond the control of
Navios Partners. Actual results may differ materially from those expressed
or implied by such forward-looking statements. Factors that could cause
actual results to differ materially include, but are not limited to changes
in the demand for dry bulk vessels, competitive factors in the market in
which Navios Partners operates; risks associated with operations outside
the United States; and other factors listed from time to time in the Navios
Partners' filings with the Securities and Exchange Commission. Navios
Partners expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in Navios Partners' expectations
with respect thereto or any change in events, conditions or circumstances
on which any statement is based.
Contact Information: Contacts:
Public & Investor Relations Contact:
Navios Maritime Partners L.P.
Investor Relations
Nicolas Bornozis
Capital Link, Inc.
Tel. (212) 661-7566
E-mail: naviospartners@capitallink.com