 Navios Maritime Holdings Inc. the Company NM, today announced that it sold its ship management division and certain general partnership interests the Transaction to N Shipmanagement Acquisition Corp. and related entities NSAC, affiliated with Companys Chairman and Chief Executive Officer, Angeliki Frangou. The Company received aggregate consideration of 20.0 million including assumption of liabilities and new five-year service agreements under which NSAC will provide technical and commercial management services at fixed rates as described below and administrative services, reimbursed at allocable cost. 