Exhibit 21.1
List of Subsidiaries of Navios Maritime Holdings Inc.
Company Name | Nature / Vessel Name | Effective Ownership Interest | Country of Incorporation | |||||
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. | ||||
Navios ShipManagement Inc. | Management Company | 100 | % | Marshall Is. | ||||
NAV Holdings Limited | Sub-Holding Company | 100 | % | Malta | ||||
Kleimar N.V. | Operating Company/Vessel Owning Company | 100 | % | Belgium | ||||
Kleimar Ltd. | Operating Company | 100 | % | Marshall Is. | ||||
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. | ||||
Navios Tankers Management Inc. | Management Company | 100 | % | Marshall Is. | ||||
Astra Maritime Corporation | Operating 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. | Vessel Owning Company | 100 | % | Marshall Is | ||||
Hyperion Enterprises Inc. | Vessel Owning Company | 100 | % | Marshall Is. | ||||
Beaufiks Shipping Corporation | Vessel Owning Company | 100 | % | Marshall Is | ||||
Sagittarius Shipping Corporation | Vessel Owning Company | 100 | % | Marshall Is. | ||||
Nostos Shipmanagement Corp. | Vessel Owning Company | 100 | % | Marshall Is. | ||||
Portorosa Marine Corp. | Vessel Owning 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. | ||||
Orbiter Shipping Corp. | Vessel Owning 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. | ||||
Serenity Shipping Enterprises Inc. | Vessel Owning 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 | ||||
Solange Shipping Ltd. | Vessel Owning Company | 100 | % | Marshall Is. | ||||
Tulsi Shipmanagement Co. | Vessel Owning Company | 100 | % | Marshall Is. | ||||
Cinthara Shipping Ltd | Vessel Owning Company | 100 | % | Marshall Is. | ||||
Rawlin Services Co. | Vessel Owning Company | 100 | % | Marshall Is. | ||||
Mauve International S.A. | Vessel Owning Company | 100 | % | Marshall Is. | ||||
Mandora Shipping Ltd | Vessel Owning Company | 100 | % | Marshall Is. |
Navios South American Logistics and Subsidiaries:
| Company Name | Nature / Vessel Name | Effective Ownership Interest | Country of Incorporation | |||||
Navios South American Logistics Inc. | Sub-Holding Company | 63.8 | % | Marshall Is. | ||||
Corporacion Navios S.A. | Operating Company | 63.8 | % | Uruguay | ||||
Nauticler S.A. | Sub-Holding Company | 63.8 | % | Uruguay | ||||
Compania Naviera Horamar S.A. | Vessel Operating Management Company | 63.8 | % | Argentina | ||||
Compania de Transporte Fluvial International S.A. | Sub-Holding Company | 63.8 | % | Uruguay | ||||
Ponte Rio S.A. | Operating Company | 63.8 | % | Uruguay | ||||
Thalassa Energy S.A. | Barge Owning Company | 63.8 | % | Argentina | ||||
HS Tankers Inc. | Tanker Owning Company | 63.8 | % | Panama | ||||
HS Navigation Inc. | Tanker Owning Company | 63.8 | % | Panama | ||||
HS Shipping Ltd. Inc. | Tanker Owning Company | 63.8 | % | Panama | ||||
HS South Inc. | Tanker Owning Company | 63.8 | % | Panama | ||||
Petrovia Internacional S.A. | Land-Owning Company | 63.8 | % | Uruguay | ||||
Mercopar S.A. | Operating/Barge Owning Company | 63.8 | % | Paraguay | ||||
Navegacion Guarani S.A. | Operating Barge and Pushboat Owning Company | 63.8 | % | Paraguay | ||||
Hidrovia OSR S.A. | Oil Spill Response & Salvage Services/ Tanker Owning Company | 63.8 | % | Paraguay | ||||
Mercofluvial S.A. | Operating Barge and Pushboat Owning Company | 63.8 | % | Paraguay | ||||
Petrolera San Antonio S.A. | Port Facility Operating Company | 63.8 | % | Paraguay | ||||
Stability Oceanways S.A. | Barge and Pushboat Owning Operating Company | 63.8 | % | Panama | ||||
Hidronave South American Logistics S.A. | Pushboat Owning Company | 32.5 | % | Brazil | ||||
Navarra Shipping Corporation | Tanker-Owning Company | 63.8 | % | Marshall Is. | ||||
Pelayo Shipping Corporation | Tanker-Owning Company | 63.8 | % | Marshall Is. | ||||
Varena Maritime Services S.A. | Barge and Pushboat Owning Operating Company | 63.8 | % | Panama | ||||
Navios Logistics Finance (US) Inc. | Operating Company | 100 | % | Delaware | ||||
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 during which such entities were affiliates of Navios Holdings: (i) Navios Partners and its subsidiaries (ownership interest as of March 31, 2012 was 27.1%, which includes a 2% general partner interest, (ii) Navios Acquisition and its subsidiaries (ownership interest as of March 31, 2012 was 53.96%) and (iii) Acropolis Chartering and Shipping Inc. (ownership interest as of March 31, 2012 was 50%).