EX-8.1 4 d153558dex81.htm EX-8.1 EX-8.1

Exhibit 8.1

List of Subsidiaries Navios Maritime Holdings Inc.

Subsidiaries included in the consolidation:

 

Company Name

   

Nature

    Ownership
Interest		     

Country of
Incorporation

Navios Maritime Holdings Inc.

    Holding Company       Marshall Is.

Navios South American Logistics Inc.

    Sub-Holding Company      63.8 %     Marshall Is.

Navios Corporation

    Sub-Holding Company      100 %     Marshall Is.

Navios International Inc.

    Operating Company      100 %     Marshall Is.

Navimax Corporation

    Operating Company      100 %     Marshall Is.

Navios Handybulk Inc.

    Operating Company      100 %     Marshall Is.

Hestia Shipping Ltd

    Operating Company      100 %     Malta

Anemos Maritime Holdings Inc.

    Sub-Holding Company      100 %     Marshall Is.

NAV Holdings Limited

    Sub-Holding Company      100 %     Malta

Kleimar N.V.

    Operating Company/Vessel Owning Company/
Management Company		      100 %     Belgium

Bulkinvest S.A.

    Operating Company      100 %     Luxembourg

Primavera Shipping Corporation

    Operating Company      100 %     Marshall Is.

Ginger Services Co.

    Operating Company      100 %     Marshall Is.

Aquis Marine Corp.

    Sub-Holding Company      100 %     Marshall Is.

Astra Maritime Corporation

    Vessel Owning Company      100 %     Marshall Is.

Achilles Shipping Corporation

    Operating Company      100 %     Marshall Is.

Apollon Shipping Corporation

    Operating Company      100 %     Marshall Is.

Herakles Shipping Corporation

    Operating Company      100 %     Marshall Is.

Hios Shipping Corporation

    Operating Company      100 %     Marshall Is.

Ionian Shipping Corporation

    Operating Company      100 %     Marshall Is.

Kypros Shipping Corporation

    Operating Company      100 %     Marshall Is.

Meridian Shipping Enterprises Inc.

    Vessel Owning Company      100 %     Marshall Is.

Mercator Shipping Corporation

    Vessel Owning Company      100 %     Marshall Is.

Arc Shipping Corporation

    Vessel Owning Company      100 %     Marshall Is.

Horizon Shipping Enterprises Corporation

    Vessel Owning Company      100 %     Marshall Is.

Magellan Shipping Corporation

    Vessel Owning Company      100 %     Marshall Is.

Aegean Shipping Corporation

    Operating Company      100 %     Marshall Is.

Star Maritime Enterprises Corporation

    Vessel Owning Company      100 %     Marshall Is.

Corsair Shipping Ltd.

    Vessel Owning Company      100 %     Marshall Is.

Rowboat Marine Inc.

    Operating Company      100 %     Marshall Is.

Rondine Management Corp

    Vessel Owning Company      100 %     Marshall Is.

Vernazza Shiptrade Inc.

    Operating Company      100 %     Marshall Is.

Beaufiks Shipping Corporation

    Operating Company      100 %     Marshall Is.

Nostos Shipmanagement Corp.

    Vessel Owning Company      100 %     Marshall Is.

Portorosa Marine Corp.

    Operating Company      100 %     Marshall Is.

Shikhar Ventures S.A.

    Vessel Owning Company      100 %     Liberia

Sizzling Ventures Inc.

    Operating Company      100 %     Liberia

Rheia Associates Co.

    Operating Company      100 %     Marshall Is.

Taharqa Spirit Corp.

    Operating Company      100 %     Marshall Is.

Rumer Holding Ltd.

    Vessel Owning Company      100 %     Marshall Is.

Pharos Navigation S.A.

    Vessel Owning Company      100 %     Marshall Is.

Pueblo Holdings Ltd.

    Vessel Owning Company      100 %     Marshall Is.

Quena Shipmanagement Inc.

    Operating Company      100 %     Marshall Is.

Aramis Navigation Inc.

    Vessel Owning Company      100 %     Marshall Is.

White Narcissus Marine S.A.

    Vessel Owning Company      100 %     Panama

Navios GP L.L.C.

    Operating Company      100 %     Marshall Is.

Red Rose Shipping Corp.

    Vessel Owning Company      100 %     Marshall Is.

Highbird Management Inc.

    Vessel Owning Company      100 %     Marshall Is.

Ducale Marine Inc.

    Vessel Owning Company      100 %     Marshall Is.

Vector Shipping Corporation

    Vessel Owning Company      100 %     Marshall Is.

Faith Marine Ltd.

    Vessel Owning Company      100 %     Liberia

Navios Maritime Finance (US) Inc.

    Operating Company      100 %     Delaware

Navios Maritime Finance II (US) Inc.

    Operating Company      100 %     Delaware

Tulsi Shipmanagement Co.

    Operating Company      100 %     Marshall Is.

Cinthara Shipping Ltd.

    Operating Company      100 %     Marshall Is.

Rawlin Services Co.

    Operating Company      100 %     Marshall Is.

Mauve International S.A.

    Operating Company      100 %     Marshall Is.

Serenity Shipping Enterprises Inc.

    Vessel Owning Company      100 %     Marshall Is.

Mandora Shipping Ltd

    Vessel Owning Company      100 %     Marshall Is.

Solange Shipping Ltd.

    Vessel Owning Company      100 %     Marshall Is.

Diesis Ship Management Ltd.

    Operating Company      100 %     Marshall Is.

Navios Holdings Europe Finance Inc.

    Sub-Holding Company      100 %     Marshall Is.

Navios Asia LLC

    Sub-Holding Company      100 %     Marshall Is.

Iris Shipping Corporation

    Vessel Owning Company      100 %     Marshall Is.

Jasmine Shipping Corporation

    Vessel Owning Company      100 %     Marshall Is.

Emery Shipping Corporation

    Vessel Owning Company      100 %     Marshall Is.

Lavender Shipping Corporation

    Vessel Owning Company      100 %     Marshall Is.

Roselite Shipping Corporation

    Operating Company      100 %     Marshall Is.

Smaltite Shipping Corporation

    Operating Company      100 %     Marshall Is.

Motiva Trading Ltd

    Operating Company      100 %     Marshall Is.

Alpha Merit Corporation

    Sub-Holding Company      100 %     Marshall Is.

Thalassa Marine S.A.

    Operating Company      100 %     Marshall Is.

Asteroid Shipping S.A.

    Operating Company      100 %     Marshall Is.

Cloud Atlas Marine S.A.

    Operating Company      100 %     Marshall Is.

Heodor Shipping Inc.

    Vessel Owning Company      100 %     Marshall Is.

Pacifico Navigation Corp.

    Vessel Owning Company      100 %     Marshall Is.

Rider Shipmanagement Inc.

    Operating Company      100 %     Marshall Is.

Talia Shiptrade S.A.

    Operating Company      100 %     Marshall Is.

Moonstone Shipping Corporation

    Vessel Owning Company      100 %     Marshall Is.

Opal Shipping Corporation

    Vessel Owning Company      100 %     Marshall Is.

All subsidiaries included in the consolidated financial statements are 100% owned, except for Navios Logistics and its subsidiaries which is 63.8% owned.

Affiliates included in the financial statements accounted for under the equity method

In the consolidated financial statements of Navios Holdings, the following entities are included as affiliates and are accounted for under the equity method for such periods: (i) Navios Partners and its subsidiaries (ownership interest as of December 31, 2020 was 17.9%); (ii) Navios Acquisition and its subsidiaries (economic interest as of December 31, 2020 was 29.5%); (iii) Navios Europe I and its subsidiaries (economic interest through liquidation in December 2020

was 47.5%); (iv) Navios Europe II and its subsidiaries (economic interest through liquidation in June 2020 was 47.5%); and (v) Navios Containers and its subsidiaries (ownership interest as of November 30, 2018, date of obtaining control, and from August 30, 2019, date of loss of control was 3.7% and as of December 31, 2020 was 3.9%).