X0101 EFFECT 33 LIVE 2007-07-05 16:00:00

F-4

0001333172 Navios Maritime Holdings Inc. 333-144027 0001404375 Alegria Shipping CORP 333-144027-29 0001404366 Arc Shipping CORP 333-144027-28 0001404363 Felicity Shipping CORP 333-144027-27 0001404361 Galaxy Shipping CORP 333-144027-26 0001404358 Gemini Shipping CORP 333-144027-25 0001404357 Hestia Shipping Ltd. 333-144027-24 0001404355 Hios Shipping CORP 333-144027-23 0001404350 Horizon Shipping Enterprises CORP 333-144027-22 0001404372 Mercator Shipping CORP 333-144027-21 0001404368 Meridian Shipping Enterprises Inc. 333-144027-20 0001404365 NAV Holdings LTD 333-144027-19 0001404362 Navimax CORP 333-144027-18 0001404397 Achilles Shipping CORP 333-144027-17 0001404396 Aegean Shipping CORP 333-144027-16 0001404395 Navios CORP 333-144027-15 0001404394 Navios Handybulk Inc. 333-144027-14 0001404393 Hyperion Enterprises Inc. 333-144027-13 0001404392 Ionian Shipping CORP 333-144027-12 0001404391 Navios International Inc. 333-144027-11 0001404390 Navios ShipManagement Inc. 333-144027-10 0001404389 Star Maritime Enterprises CORP 333-144027-09 0001404388 White Narcissus Marine S.A. 333-144027-08 0001404387 Kleimar N.V. 333-144027-07 0001404386 Apollon Shipping CORP 333-144027-06 0001404398 Anemos Maritime Holdings Inc. 333-144027-05 0001404492 Herakles Shipping CORP 333-144027-04 0001404494 Magellan Shipping CORP 333-144027-03 0001404496 Libra Shipping Enterprises CORP 333-144027-02 0001404497 Kypros Shipping CORP 333-144027-01