Navios Maritime Holdings Inc. (Public, NYSE:NM) is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. The Company has two business segments: Vessel Operations and Logistics Business. As of December 31, 2009, Navios Holdings’ core fleet (excluding Navios South American Logistics Inc. (Navios Logistics)), the average age of which is approximately 4.4 years, consisted of a total of 60 vessels, aggregating approximately 6.6 million deadweight tons (dwt). As of December 31, 2009, Navios Holdings owned 15 Capesize vessels (169,000-181,000 dwt), 13 Ultra Handymax (50,000 to 59,000 dwt), four Panamax (75,000 to 83,000 dwt), and one Product Handysize (10,000 to 30,000 dwt) tanker vessels. It also time charters in and operates a fleet of five Ultra Handymax, two Handysize, 10 Panamax, and 10 Capesize vessels charters, 17 of which were in operation as of December 31, 2009.