Exhibit 16.1

 

August 25, 2005

 

Securities and Exchange Commission

450 Fifth Street, N.W.

Washington, DC 20549

 

File Ref No: 000-51047

 

Ladies and Gentlemen:

 

We have read the statements made by Navios Maritime Holdings Inc. (formerly International Shipping Enterprises, Inc.) in Item 4.01 of the accompanying Form 8-K, which is being filed with the Securities and Exchange Commission. We agree with the statements therein concerning our firm.

 

Very truly yours,

 

GOLDSTEIN GOLUB KESSLER LLP