PIRAEUS, GREECE--(Marketwire - April 16, 2008) - Navios Maritime Partners L.P. ("Navios
Partners") (
NYSE:
NMM), an owner and operator of Capesize and Panamax
carriers, announced today that its Board of Directors has declared a cash
distribution of $0.35 per unit for the first quarter ended March 31, 2008.
This payment represents $ 1.40 per unit on an annualized basis. The cash
distribution is payable on May 14, 2008 to all shareholders of record as of
May 5, 2008.
Navios Partners also announced that it will host a conference call on April
22, 2008 at 08:30 A.M. EDT, where Navios Partners' senior management will
discuss the results of the first quarter ended March 31, 2008.
Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time
using the following numbers:
US Toll Free Dial In: +1866 819 7111
UK Toll Free Dial In: +0800 953 0329
International Dial In: +44 (0) 1452 542 301
Please quote "NAVIOS MLP."
In case of any problems with the above numbers, please dial:
US Toll Free Dial In: +1866 223 0615
UK Toll Free Dial In: +0800 694 1503
International Dial In: +44 (0) 1452 586 513
Please quote "NAVIOS MLP."
A telephonic replay of the conference call will be available until April
29, 2008 by dialing the following numbers:
US Toll Free Dial In: +1866 247 4222
UK Toll Free Dial In: +0800 953 1533
International Dial In: +44 1452 550 000
Access Code: 33433537#
Slides and audio webcast:
There will also be a live, and then archived webcast of the conference
call, through the NAVIOS MARITIME PARTNERS L.P. website
(
www.navios-mlp.com) under "Investors." Participants to the live webcast
should register on the website approximately 10 minutes prior to the start
of the webcast.
A supplemental slide presentation will be available on the Navios Maritime
Partners L.P. website at
www.navios-mlp.com under the "Investors" section
at 7:45 am EDT on the day of the call.
About Navios Maritime Partners L.P.
Navios Maritime Partners L.P. (
NYSE:
NMM), an owner and operator of
Capesize and Panamax carriers, was formed by Navios Maritime Holdings Inc.,
a large, global, vertically integrated seaborne shipping and logistics
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
owned Capesize vessel, five owned Panamax vessels and two chartered-in
Panamax vessels. The fleet has a total carrying capacity of 702,600 dwt and
with an average age of approximately 5.8 years (based on dwt). For more
information, please visit our website at
www.navios-mlp.com.
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