Note: Navios South American Logistics withdrew its IPO plans in a letter to the SEC dated Nov. 7, 2024.  The company, based in Uruguay, had filed to go public with an F-1 dated March 2, 2021; no terms for the IPO had been set, other than estimated IPO proceeds of $100 million.

We have a long history of operating in the Hidrovia Region of South America. We were established in January 2008 through the merger of CNSA, an entity founded by one of our predecessor companies in 1955 and Horamar. CNSA owned and operated the largest bulk transfer and storage port terminal in Uruguay. Horamar, formed in 1992, was a privately held Argentina-based group specializing in the transportation and storage of liquid cargoes and the transportation of drybulk cargo in South America along the Hidrovia Waterway. The combination of CNSA and Horamar under the Navios Logistics umbrella created one of the largest logistics businesses in the Hidrovia Region of South America.

Business Overview

We believe we are one of the largest infrastructure and logistics companies in the Hidrovia Region. Our operations are focused on the Hidrovia Waterway, the main navigable river system in the region, and on the cabotage trades along the eastern coast of South America. We provide our customers with integrated transportation, storage and related services through our strategically located port facilities and our large, versatile fleet of dry and liquid cargo barges and our product tankers. We serve the needs of a number of growing South American industries, including mineral and grain commodity providers as well as users of refined petroleum products.

The Hidrovia Waterway consists of the Paraguay and Parana Rivers from Puerto Caceres (Brazil) to Nueva Palmira (Uruguay), flowing through five countries—Argentina, Bolivia, Brazil, Paraguay and Uruguay—and similar in size to the Mississippi River system in the United States. It represents an economically dynamic system of ports, terminals and waterways that facilitates trade through barging and ocean shipping, providing access for the region to the rest of the world via the Atlantic Ocean.

Note: Net loss and revenue are for the 12 months that ended Dec. 31, 2020.

(Note: Navios South American Logistics withdrew its IPO  plans in a letter to the SEC dated Nov. 7, 2024. Background: Navios South American Logistics filed its F-1 for its IPO on March 2, 2021, in which it disclosed plans for its U.S. IPO of Brazilian Depositary Receipts (BDRs), and the terms were not specified. The IPO’s estimated proceeds were $100 million.)