Navios names Jeremy J. Bryan Chief Operating Officer

(Posted on 03/09/18)

Navios Maritime Holdings Inc. has announced the appointment of Jeremy J. Bryan as Chief Operating Officer of Navios Corporationeffective as of 1 February, 2019.

Angeliki Frangou stated, “We welcome Jeremy to the Navios Group. Jeremy is a trusted leader whose unique background adds significant expertise and a wealth of knowledge to our commercial operations. Mr. Bryan will add to Navios’ capabilities and its network of global relationships.”

Mr. Bryan joins Navios Corporation from Cargill International S.A. where he worked since 1992. Mr. Bryan served in various positions during his tenure there, most recently as Global Head of Drybulk Trading, having previously served as the head of the Panamax and Handymax trading departments.

Mr. Bryan Served as a Lieutenant in the Dutch Military and has a Bachelor of Business Administration from the Nijenrode Business University.

Navios Maritime Holdings Inc. 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.

Navios earlier reported financial results for the second quarter and six months ended June 30, 2018. Frangou stated, "I am pleased with the results of Q2 and H1 of 2018, for which we reported Adjusted EBITDA of $43.2 million and $71.3 million, respectively. Our Adjusted EBITDA was 38% and 46% higher than the second quarter of 2017 and the first half of 2017 respectively. Navios controls 70 dry bulk vessels with an average age of 7.8 years. Over the past 18 months, we renewed and expanded our fleet, decreasing fleet age by 15% and increasing fleet size by 9%. Much of this we accomplished using minimal capital by increasing our charter-in fleet, often with purchase options. We are now experiencing the positive effects of healthier charter markets on our business results."