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Navios Maritime Takes Delivery of Navios Ulysses

Maritime Activity Reports, Inc.

October 13, 2008

Navios Maritime Holdings Inc. took delivery of the Navios Ulysses, a 2007-built, 55,728 dwt Ultra Handymax vessel. The Navios Ulysses commenced a five-year time charter at a net daily rate of $31,281.

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