THIS CONFORMING PAPER FORMAT DOCUMENT IS BEING SUBMITTED PURSUANT TO
RULE 901(d) OF REGULATION S-T



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                                    FORM T-1

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                            STATEMENT OF ELIGIBILITY
                   UNDER THE TRUST INDENTURE ACT OF 1939 OF A
                    CORPORATION DESIGNATED TO ACT AS TRUSTEE

                      CHECK IF AN APPLICATION TO DETERMINE
                      ELIGIBILITY OF A TRUSTEE PURSUANT TO
                             SECTION 305(b)(2) |__|

                              --------------------

                              THE BANK OF NEW YORK
               ---------------------------------------------------
               (Exact name of trustee as specified in its charter)


           New York                                             13-5160382
--------------------------                                 -------------------
(State of incorporation if                                  (I.R.S. employer
 not a U.S. national bank)                                 identification no.)


     48 Wall Street, New York, N.Y.                              10286
----------------------------------------                       ----------
(Address of principal executive offices)                       (Zip code)

                              --------------------

                              THE HOLT GROUP, INC.
               ---------------------------------------------------
               (Exact name of obligor as specified in its charter)


            Delaware                                              23-2932358
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. employer
 incorporation or organization)                              identification no.)


           701 North Broadway
      Gloucester City, New Jersey                                 08030
----------------------------------------                        ----------
(Address of principal executive offices)                        (Zip code)

                              --------------------

<PAGE>

                            Holt Cargo Systems, Inc.
               ---------------------------------------------------
               (Exact name of obligor as specified in its charter)


            Delaware                                             23-1664146
--------------------------------                             -------------------
(State or other jurisdiction of                               (I.R.S. employer
 incorporation or organization)                              identification no.)


           701 North Broadway
      Gloucester City, New Jersey                                 08030
----------------------------------------                        ----------
(Address of principal executive offices)                        (Zip code)

                              --------------------

                    Holt Hauling and Warehousing System, Inc.
               ---------------------------------------------------
               (Exact name of obligor as specified in its charter)


          Pennsylvania                                           22-1646716
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. employer
 incorporation or organization)                              identification no.)


           701 North Broadway
      Gloucester City, New Jersey                                 08030
----------------------------------------                        ----------
(Address of principal executive offices)                        (Zip code)

                              --------------------

                          Murphy Marine Services, Inc.
               ---------------------------------------------------
               (Exact name of obligor as specified in its charter)


            Delaware                                             51-0355907
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. employer
 incorporation or organization)                              identification no.)


           701 North Broadway
      Gloucester City, New Jersey                                 08030
----------------------------------------                        ----------
(Address of principal executive offices)                        (Zip code)

                              --------------------

                                      - 2 -

<PAGE>

                           Wilmington Stevedores, Inc.
               ---------------------------------------------------
               (Exact name of obligor as specified in its charter)


            Delaware                                             51-0123806
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. employer
 incorporation or organization)                              identification no.)


           701 North Broadway
      Gloucester City, New Jersey                                 08030
----------------------------------------                        ----------
(Address of principal executive offices)                        (Zip code)

                              --------------------

                                    NPR, Inc.
               ---------------------------------------------------
               (Exact name of obligor as specified in its charter)


            Delaware                                             22-3357134
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. employer
 incorporation or organization)                              identification no.)


            212 Fernwood Ave.
           Edison, New Jersey                                         08837
----------------------------------------                           ----------
(Address of principal executive offices)                           (Zip code)

                              --------------------

                         NPR-Navieras Receivables, Inc.
               ---------------------------------------------------
               (Exact name of obligor as specified in its charter)


            Delaware                                             22-3357120
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. employer
 incorporation or organization)                              identification no.)


           212 Fernwood Ave.
          Edison, New Jersey                                         08837
----------------------------------------                           ----------
(Address of principal executive offices)                           (Zip code)

                              --------------------

                                      - 3 -

<PAGE>

                             NPR Holding Corporation
               ---------------------------------------------------
               (Exact name of obligor as specified in its charter)


            Delaware                                              22-3351317
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. employer
 incorporation or organization)                              identification no.)


           212 Fernwood Ave.
          Edison, New Jersey                                         08837
----------------------------------------                           ----------
(Address of principal executive offices)                           (Zip code)

                              --------------------

                                 NPR, S.A., INC.
               ---------------------------------------------------
               (Exact name of obligor as specified in its charter)


            Delaware                                             
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. employer
 incorporation or organization)                              identification no.)


           212 Fernwood Ave.
          Edison, New Jersey                                         08837
----------------------------------------                           ----------
(Address of principal executive offices)                           (Zip code)


                              --------------------

                          9-3/4% Senior Notes due 2006
                       -----------------------------------
                       (Title of the indenture securities)


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                                      - 4 -

<PAGE>


1. General information. Furnish the following information as to the Trustee:

   (a) Name and address of each examining or supervising authority to which it
       is subject.

--------------------------------------------------------------------------------
                  Name                                    Address
--------------------------------------------------------------------------------
   Superintendent of Banks of the State of      2 Rector Street, New York,
   New York                                     N.Y.  10006, and Albany, N.Y.
                                                12203

   Federal Reserve Bank of New York             33 Liberty Plaza, New York,
                                                N.Y.  10045

   Federal Deposit Insurance Corporation        Washington, D.C.  20429

   New York Clearing House Association          New York, New York   10005

   (b) Whether it is authorized to exercise corporate trust powers.

   Yes.

2. Affiliations with Obligor.

   If the obligor is an affiliate of the trustee, describe each such
   affiliation.

   None.

16. List of Exhibits.

   Exhibits identified in parentheses below, on file with the Commission, are
   incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29
   under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R. 229.10(d).

   1. A copy of the Organization Certificate of The Bank of New York (formerly
      Irving Trust Company) as now in effect, which contains the authority to
      commence business and a grant of powers to exercise corporate trust
      powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration
      Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with
      Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed with
      Registration Statement No. 33-29637.)

   4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
      filed with Registration Statement No. 33-31019.)

   6. The consent of the Trustee required by Section 321(b) of the Act. (Exhibit
      6 to Form T-1 filed with Registration Statement No. 33-44051.)

   7. A copy of the latest report of condition of the Trustee published pursuant
      to law or to the requirements of its supervising or examining authority.

                                     - 5 -

<PAGE>




                                    SIGNATURE



      Pursuant to the requirements of the Act, the Trustee, The Bank of New
York, a corporation organized and existing under the laws of the State of New
York, has duly caused this statement of eligibility to be signed on its behalf
by the undersigned, thereunto duly authorized, all in The City of New York, and
State of New York, on the 9th day of April, 1998.


                                                  THE BANK OF NEW YORK



                                                  By: /s/ JAMES W.P. HALL
                                                      --------------------------
                                                      Name:  JAMES W.P. HALL
                                                      Title: VICE PRESIDENT

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