NAVIOS MARITIME HOLDINGS INC.

This charterer’s funnel was sometimes seen with a narrow black top, making the blue portion a band.

Photographs of Navios Aurora and Navios Mercator confirm this funnel and, for Rosanoski, its blue shade.

Mitchell records this as a charter funnel on his Krupp Reederei und Brennstoffhandel card.

Rosanoski notes an apparent recent flag change from the company’s March 2004 website image. His rendition keeps the website’s blue rather than the FOTW shade.

The website’s alternative funnel may be white rather than Mitchell’s silver. The pale base might actually belong to the superstructure, in which case the funnel would be N420 rather than a distinct version.

Navios Libra II’s July 2012 portside photograph makes the bands look silver, while Navios Hios’s March 2011 starboard view shows definite grey.