NAV service failed to start: “HTTP could not register URL”

Tonight I had an issue with a NAV server that failed to start with the next error message:

Server instance: DynamicsNAV71

The service MicrosoftDynamicsNavServer$DynamicsNAV71 failed to start. This could be caused by a configuration error. Detailed error information:System.ServiceModel.AddressAlreadyInUseException: HTTP could not register URL http://+:7047/DynamicsNAV71/. Another application has already registered this URL with HTTP.SYS. —> . . . → Read More: NAV service failed to start: “HTTP could not register URL”

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