Exhibit 21.1
List of Subsidiaries of Navios Maritime Holdings Inc.
| Effective | ||||||||
| Nature / | Ownership | Country of | ||||||
| Company Name | Vessel Name | Interest | Incorporation | |||||
| Navios Maritime Holdings Inc. | Holding Company | 100 | % | 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. | ||||
| 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. | ||||
| Effective | ||||||||
| Nature / | Ownership | Country of | ||||||
| Company Name | Vessel Name | Interest | Incorporation | |||||
| 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 | ||||
| Beaufiks Shipping Corporation | Vessel Owning Company | 100 | % | Marshall Is | ||||
| Nostos Shipmanagement Corp. | Vessel Owning Company | 100 | % | Marshall Is. | ||||
| Portorosa Marine Corporation | 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. | ||||
| Aramis Navigation | Vessel Owning Company | 100 | % | Marshall Is. | ||||
| White Narcissus Marine S.A. | Vessel Owning Company | 100 | % | Panama | ||||
| Navios G.P. L.L.C. | Operating Company | 100 | % | Marshall Is. | ||||
| Floral Marine Ltd. | 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 | ||||
| Solange Shipping Ltd. | Operating Company | 100 | % | Marshall Is. | ||||
| Tulsi Shipmanagement Co. | Operating Company | 100 | % | Marshall Is. | ||||
| Cinthara Shipping Ltd. | Operating Company | 100 | % | Marshall Is. | ||||
| Mauve International S.A. | Operating Company | 100 | % | Marshall Is. | ||||
| Rawlin Services Company | Operating Company | 100 | % | Marshall Is. | ||||
Navios South American Logistics and Subsidiaries:
| Effective | ||||||||
| Nature / | Ownership | Country of | ||||||
| Company Name | Vessel Name | Interest | 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 Company/Management Company | 63.8 | % | Argentina | ||||
| Compania de Transporte Fluvial Int S.A. | Sub-Holding Company | 63.8 | % | Uruguay | ||||
| Ponte Rio S.A. | Operating Company | 63.8 | % | Uruguay | ||||
| Thalassa Energy S.A. | Barge Owning Company | 39.9 | % | Argentina | ||||
| HS Tankers Inc. | Vessel Owning Company | 32.5 | % | Panama | ||||
| HS Navegation Inc. | Vessel Owning Company | 32.5 | % | Panama | ||||
| HS Shipping Ltd Inc. | Vessel Owning Company | 39.9 | % | Panama | ||||
| HS South Inc. | Vessel Owning Company | 39.9 | % | Panama | ||||
| Mercopar Internacional S.A. | Sub-Holding Company | 63.8 | % | Uruguay | ||||
| Nagusa Internacional S.A. | Sub-Holding Company | 63.8 | % | Uruguay | ||||
| Hidrovia OSR Internacional S.A. | Sub-Holding Company | 63.8 | % | Uruguay | ||||
| 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/Vessel Owning Company | 63.8 | % | Paraguay | ||||
| Petrovia S.A. | Shipping Company | 63.8 | % | Paraguay | ||||
| Mercofluvial S.A. | Operating Barge and Pushboat Owning Company | 63.8 | % | Paraguay | ||||
| Petrolera San Antonio S.A. (PETROSAN) | Port Facility Operating Company | 63.8 | % | Paraguay | ||||
| Flota Mercante Paraguaya S.A. | Shipping Company | 63.8 | % | Paraguay | ||||
| Compania de Transporte Fluvial S.A. | Shipping Company | 63.8 | % | Paraguay | ||||
| Hidrogas S.A. | Shipping Company | 63.8 | % | Paraguay | ||||
| Stability Oceanways S.A. | Operating Barge and Pushboat Owning Company | 63.8 | % | Panama | ||||
| Hidronave 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. | Operating Barge and Pushboat Owning Company | 63.8 | % | Panama | ||||
Affiliates included in the financial statements accounted for under the equity method:
| Nature / | Ownership | Country of | ||||||
| Company Name | Vessel Name | Interest (*) | Incorporation | |||||
| Navios Maritime Acquisition Corporation | Sub-Holding Company | 53.7 | % | Marshall Is. | ||||
| Aegean Sea Maritime Holdings Inc. | Sub-Holding Company | 53.7 | % | Marshall Is. | ||||
| Amorgos Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Andros Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Antiparos Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Ikaria Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Kos Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Mytilene Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Skiathos Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Syros Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Skopelos Shipping Corporation | Vessel Owning Company | 53.7 | % | Cayman Is. | ||||
| Sifnos Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Ios Shipping Corporation | Vessel Owning Company | 53.7 | % | Cayman Is. | ||||
| Thera Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Shinyo Dream Limited | Vessel Owning Company | 53.7 | % | Hong Kong | ||||
| Shinyo Kannika Limited | Vessel Owning Company | 53.7 | % | Hong Kong | ||||
| Shinyo Kieran Limited | Vessel Owning Company | 53.7 | % | British Virgin Is. | ||||
| Shinyo Loyalty Limited | Vessel Owning Company | 53.7 | % | Hong Kong | ||||
| Shinyo Navigator Limited | Vessel Owning Company | 53.7 | % | Hong Kong | ||||
| Shinyo Ocean Limited | Vessel Owning Company | 53.7 | % | Hong Kong | ||||
| Shinyo Saowalak Limited | Vessel Owning Company | 53.7 | % | British Virgin Is. | ||||
| Crete Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Rhodes Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Tinos Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Folegandros Shipping Corporatio | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
| Navios Acquisition Finance (US) Inc | Operating Company | 53.7 | % | Delaware | ||||
| Serifos Shipping Corporation | Vessel Owning Company | 53.7 | % | Marshall Is. | ||||
Navios Maritime Partners L.P.(*) | Sub-Holding Company | 18.76 | % | Marshall Is. | ||||
Navios Maritime Operating L.L.C.(*) | Operating Company | 18.76 | % | Marshall Is. | ||||
Libra Shipping Enterprises Corporation(*) | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
Alegria Shipping Corporation(*) | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
Felicity Shipping Corporation(*) | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
Gemini Shipping Corporation(*) | Vessel Owning Company | 18.76 | % | Marshal Is. | ||||
Galaxy Shipping Corporation(*) | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
Prosperity Shipping Corporation(*) | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
Fantastiks Shipping Corporation(*) | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
Aldebaran Shipping Corporation(*) | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
Aurora Shipping Enterprises Ltd.(*) | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
Sagittarius Shipping Corporation(*) | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
Palermo Shipping S.A.(*) | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
| Customized Development S.A. | Vessel Owning Company | 18.76 | % | Liberia | ||||
| Pandora Marine Inc. | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
Hyperion Enterprises Inc.(*) | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
Chilali Corp.(*) | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
JTC Shipping Trading Ltd.(*) | Operating Company | 18.76 | % | Malta | ||||
Surf Maritime Co.(*) | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
| Kohylia Shipmanagement S.A. | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
| Orbiter Shipping Corp. | Vessel Owning Company | 18.76 | % | Marshall Is. | ||||
| Acropolis Chartering & Shipping Inc. | Brokerage Company | 50 | % | Liberia | ||||
| (*) | Percentage does not include the ownership of 3,131,415, 1,174,219 and 788,370 common units relating to the sale of the Navios Hope, the Navios Aurora II and both the Navios Fulvia and the Navios Melodia, respectively, to Navios Partners since these are considered available-for-sale securities. |