PRESS RELEASE
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FINAL--FOR IMMEDIATE RELEASE


          NAVIOS MARITIME HOLDINGS INC TO HOLD INVESTOR CONFERENCE CALL
                PROVIDING Q3 EARNINGS RESULTS AND BUSINESS UPDATE

Piraeus, Greece -- (November 22, 2005) - Navios Maritime Holdings Inc ("Navios")
(NASDAQ: BULK, BULKU, BULKW) announced today that it would hold a conference
call on Monday, November 28, 2005 at 8:45 am ET, at which time members of senior
management will provide highlights of the third quarter and first nine months
2005 operating results for Navios and will discuss Company operations.

The conference call details are as follows:

CALL DATE/TIME: MONDAY, NOVEMBER 28, 2005; 8:45 AM ET
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CALL TITLE: NAVIOS MARITIME HOLDINGS INC Q3 2005 EARNINGS CONFERENCE CALL
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US DIAL IN: (800) 309-9171
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INTERNATIONAL DIAL IN: (706) 643-3639
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PASSCODE: 2857359
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The conference call replay will be available until Monday, December 5, 2005
11:59pm ET at the following numbers:

US REPLAY DIAL IN: (800) 642-1687
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INTERNATIONAL REPLAY DIAL IN: (706) 645-9291

PASSCODE: 2857359
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This call will be simultaneously Webcast at the following Web address:

http://phx.corporate-ir.net/phoenix.zhtml?p=irol-
eventDetails&c=187110&eventID=1161297

The Webcast will be archived and available at this same Web address for one year
following the call.

About Navios Maritime Holdings Inc.

Navios Maritime Holdings, Inc. is one of the leading global brands in seaborne
dry bulk shipping and is a trusted partner for industrial end users, shipowners,
financial business partners, agents and brokers. As a public company, Navios is
committed to providing best-in-class service to both customers and business
partners. Navios maintains offices in South Norwalk, Connecticut; Piraeus,
Greece, and Montevideo, Uruguay. Navios's stock is listed on the NASDAQ where it
trades under the symbols BULK, BULKU and BULKW. Risks and uncertainties are
described in reports filed by Navios Maritime Holdings Inc. with the United
States Securities and Exchange Commission.

SAFE HARBOR

This press release may contain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 about Navios Maritime
Holdings Inc. (Navios). Forward looking statements are statements that are not
historical facts. Such forward-looking statements, based upon the current
beliefs and expectations of Navios's management, are subject to risks and
uncertainties, which could cause actual results to differ from the forward
looking statements. The information set forth herein should be read in light of
such risks. Navios does not assume any obligation to update the information
contained in this press release.

PUBLIC & INVESTOR RELATIONS CONTACT:
Navios Maritime Holdings Inc.
Investor Relations
212-279-8820
investors@navios.com


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