Exhibit 12.1
 CERTIFICATION OF CHIEF EXECUTIVE OFFICER
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
  1.
    
    I have reviewed this annual report on Form 20-F for the year ended
December 31, 2009 of Navios Maritime Acquisition Corporation;2.
    
    Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the
circumstances under which such statements were made, not
misleading with respect to the period covered by this report;3.
    
    Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in
all material respects the financial condition, results of
operations and cash flows of the registrant as of, and for, the
periods presented in this report;4.
    
    The companys other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e) and
internal control over financial reporting (as defined in Exchange
Act rules 13a-15(f) and 15(d)-15(f) for the company and have:
 a)
    
    Designed such disclosure controls and procedures,
or caused such disclosure controls and procedures
to be designed under our supervision, to ensure
that material information relating to the
registrant , including its consolidated
subsidiary, is made known to us by others within
that entity, particularily during the period in
which this report is being prepared;b)
    
    Designed such internal control over financial
reporting, or caused such internal control over
financial reporting to be designed under our
supervision, to provide reasonable assurance
regarding the reliability of financial reporting
and the preparation of the financial statements
for external purposes in accordance with generally
accepted accounting principles;c)
    
    Evaluated the effectiveness of the companys
disclosure controls and procedures and presented
in this report our conclusions about the
effectiveness of the disclosure controls and
procedures, as of the end of the period covered by
this report based on such evaluation; andd)
    
    Disclosed in this report any change in the
companys internal control over financial
reporting that occurred during the period covered
by the annual reportthat has materially affected,
or is reasonably likely to materially affect, the
companys internal control over financial
reporting: and
 5.
    
    The companys other certifying officer and I have disclosed, based
on our most recent evaluation of internal control over financial
reporting, to the companys auditors and the audit committee of
the board of directors (or persons performing the equivalent
functions):
 a)
    
    All significant deficiencies and material
weaknesses in the design or operation of internal
control over financial reporting which are
reasonably likely to adversely affect the
companys ability to record, process, summarize
and report financial information; andb)
    
    Any fraud, whether or not material, that involves
management or other employees who have a
significant role in the companys internal
controls over financial reporting.
 /s/ Angeliki FrangouAngeliki FrangouChief Executive Officer
(Principal Financial Officer)
Date: January 29, 2010