SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER
                    PURSUANT TO RULE 13A-16 OR 15D-16 OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                            DATED: SEPTEMBER 26, 2006
Commission File No. 000-51047

                          NAVIOS MARITIME HOLDINGS INC.


                     85 AKTI MIAOULI, PIRAEUS, GREECE 185 38
                    (Address of Principal Executive Offices)




Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F:

                          Form 20-F   X        Form 40-F
                                   -------              -------

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):

                                Yes         No  X
                                   ------     ------

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):

                                Yes         No  X
                                   ------     ------

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                                Yes         No  X
                                   ------     ------






                          NAVIOS MARITIME HOLDINGS INC.

                                    FORM 6-K

                                TABLE OF CONTENTS


                                                                         Page
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Appointment of President; Retirement                                       1






APPOINTMENT OF PRESIDENT; RETIREMENT

         On September 26, 2006, Navios issued a press release announcing the
promotion of Ted Petrone to the position of President. In addition, Navios
announced the retirement of its current President, Robert Shaw, which will be
effective September 30, 2006. A copy of the press release is furnished as
Exhibit 99.1 to this Report and is incorporated herein by reference.

         This Report on Form 6-K is hereby incorporated by reference into the
Navios Registration Statement on Form F-3, File No. 333-133482.






                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                                NAVIOS MARITIME HOLDINGS INC.


                                                By: /s/ Angeliki Frangou
                                                    ---------------------------
                                                Angeliki Frangou
                                                Chief Executive Officer
                                                Date: September 28, 2006







                                  EXHIBIT INDEX

 EXHIBIT NO.     EXHIBIT
 -----------     -------
    99.1        Press Release dated September 26, 2006.