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Navios Maritime Holdings Inc. was founded in 1954 as a shipping division of US Steel. Its initial purpose was to transport iron ore to the US from various locations around the world. After the corporation's restructuring, the firm was privatized and started operating independently in the shipping market.
Over the years, it expanded its operations and established itself as a leading player in the global shipping industry. Navios Maritime maintains offices in Piraeus (Greece), New York City (United States), Montevideo (Uruguay), Antwerp (Belgium), Buenos Aires (Argentina) and Asunción (Paraguay).
As a total, Navios Group controls 99 vessels (owned and long term charted-in) and about 10.7 million deadweight tons (70 dry bulk vessels = 7.4 million dwt and 29 tanker vessels = 3.3 million dwt).