SCHEDULE 13D


DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
5/20/2010


1. NAME OF REPORTING PERSON
Bulldog Investors, Phillip Goldstein and Andrew Dakos


2. CHECK THE BOX IF MEMBER OF A GROUP                  a[X]

                                                       b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC


5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e)                        []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________


7. SOLE VOTING POWER
1,396,647

8. SHARED VOTING POWER
621,739

9. SOLE DISPOSITIVE POWER
2,018,386
_______________________________________________________

10. SHARED DISPOSITIVE POWER

0

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
2,018,386

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________


13. PERCENT OF CLASS REPRESENTED BY ROW 11

6.38%

14. TYPE OF REPORTING PERSON

IA
_______________________________________________________

Item 1. SECURITY AND ISSUER

This statement constitutes Amendment #1 to the schedule 13d
filed April 21, 2010. Except as specifically set forth
herein,  the Schedule 13d remains unmodified.



ITEM 4. PURPOSE OF TRANSACTION
On May 20, 2010, Malibu Capital Partners, LLC notified Bulldog Investors that,
effective immediately, Malibu Capital Partners, LLC is exercising its right
under Section 10 (ii) of the Option Purchase Agreement dated April 14, 2010
between the parties in regards to the shares of Navios Maritime Acquisition
Corporation owned by Bulldog Investors, to terminate such agreement.
Consequently, neither of the aforementioned parties has any further
obligations under said Option Purchase Agreement.


ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As per the Form 20-F filed on April 15,2009 there were 31,625,000 shares
of common stock outstanding as of 04/10/09 The percentage set forth in item 5
was derived using such number. Bulldog Investors, Phillip Goldstein and
Andrew Dakos beneficially own an aggregate of 2,018,386 shares of NNA or
6.38% of the outstanding shares.Power to dispose of and vote securities
resides either with Mr. Goldstein, Mr. Dakos or with clients.

c) Since the last filing on 4/21/10 no shares of NNA were purchased or sold.




d) Beneficiaries of managed accounts are entitled to receive any
dividends or sales proceeds.

e) NA

ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None.


ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.


After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.

Dated: 5/20/2010

By: /s/ Phillip Goldstein
Name:   Phillip Goldstein

By: /S/ Andrew Dakos
Name:   Andrew Dakos