Navios Maritime (NMPRY) 6-K 25 Aug 15 2015 Q2 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information - Jun. 30, 2015 - shares	Total
Document Entity Information
Entity Registrant Name	Navios Maritime Holdings Inc.
Trading Symbol	NM
Entity Central Index Key	1,333,172
Document Type	6-K
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock Shares Outstanding	107,835,547

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 180,366	$ 247,556
Restricted cash	906	2,564
Accounts receivable, net	50,981	85,581
Due from affiliate companies	17,799	27,196
Inventories	26,846	32,521
Prepaid expenses and other current assets	14,628	21,713
Total current assets	291,526	417,131
Deposits for vessels, port terminals and other fixed assets	51,990	45,365
Vessels, port terminals and other fixed assets, net	1,869,694	1,911,143
Other long-term assets	42,059	35,660
Long-term receivable from affiliate companies	0	9,625
Loan receivable from affiliate companies	11,464	7,791
Investments in affiliates	371,405	344,453
Investments in available-for-sale securities	6,261	6,701
Intangible assets other than goodwill	180,449	189,492
Goodwill	160,336	160,336
Total non-current assets	2,693,658	2,710,566
Total assets	2,985,184	3,127,697
Current liabilities
Accounts payable	34,773	53,837
Accrued expenses and other liabilities	94,815	107,320
Deferred income and cash received in advance	6,336	12,445
Due to affiliate companies	3,930	0
Current portion of capital lease obligations	2,886	1,449
Current portion of long-term debt, net	8,100	23,283
Total current liabilities	150,840	198,334
Senior and ship mortgage notes, net	1,349,023	1,347,316
Long-term debt, net of current portion	226,900	242,291
Capital lease obligations, net of current portion	18,555	20,911
Unfavorable lease terms	14,756	22,141
Other long-term liabilities and deferred income	14,874	17,459
Deferred tax liability	11,364	12,735
Total non-current liabilities	1,635,472	1,662,853
Total liabilities	$ 1,786,312	$ 1,861,187
Commitments and contingencies
Stockholders' equity
Preferred stock - $0.0001 par value, authorized 1,000,000 shares, 74,229 and 75,069 issued and outstanding as of June 30, 2015 and December 31, 2014, respectively.	$ 0	$ 0
Common stock - $0.0001 par value, authorized 250,000,000 shares, 107,835,547 and 105,831,718 issued and outstanding as of June 30, 2015 and December 31, 2014, respectively.	11	11
Additional paid-in capital	722,911	721,465
Accumulated other comprehensive loss	(1,069)	(578)
Retained earnings	359,768	432,065
Total Navios Holdings' stockholders' equity	1,081,621	1,152,963
Noncontrolling interest	117,251	113,547
Total stockholders' equity	1,198,872	1,266,510
Total liabilities and stockholders' equity	$ 2,985,184	$ 3,127,697

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parentheticals) (Unaudited) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
CONDENSED CONSOLIDATED BALANCE SHEETS [Abstract]
Preferred stock par value	$ 0.0001	$ 0.0001
Preferred stock shares authorized	1,000,000	1,000,000
Preferred stock shares issued	74,229	75,069
Preferred stock shares outstanding	74,229	75,069
Common stock par value	$ 0.0001	$ 0.0001
Common stock shares authorized	250,000,000	250,000,000
Common stock shares issued	107,835,547	105,831,718
Common stock shares outstanding	107,835,547	105,831,718

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS [Abstract]
Revenue	$ 119,839	$ 145,408	$ 238,119	$ 267,599
Administrative fee revenue from affiliates	3,882	3,502	7,804	6,881
Time charter, voyage and logistics business expenses	(57,856)	(63,514)	(127,790)	(114,692)
Direct vessel expenses	(35,748)	(33,840)	(66,565)	(62,168)
General and administrative expenses incurred on behalf of affiliates	(3,882)	(3,502)	(7,804)	(6,881)
General and administrative expenses	(8,668)	(9,567)	(15,479)	(20,598)
Depreciation and amortization	(27,479)	(25,828)	(48,684)	(51,502)
Interest expense and finance cost, net	(27,838)	(28,521)	(55,876)	(56,567)
Loss on bond extinguishment	0	(27,281)	0	(27,281)
Other (expense)/income, net	(3,321)	(7,481)	(5,235)	(5,415)
Loss before equity in net earnings of affiliated companies	(41,071)	(50,624)	(81,510)	(70,624)
Equity in net earnings of affiliated companies	17,968	7,079	31,880	29,497
Loss before taxes	(23,103)	(43,545)	(49,630)	(41,127)
Income tax benefit/(expense)	1,695	(848)	1,843	(1,136)
Net loss	(21,408)	(44,393)	(47,787)	(42,263)
Less: Net (income)/loss attributable to the noncontrolling interest	(3,405)	7,713	(3,704)	7,636
Net loss attributable to Navios Holdings common stockholders	(24,813)	(36,680)	(51,491)	(34,627)
Loss attributable to Navios Holdings common stockholders, basic	(28,906)	(38,253)	(59,657)	(37,427)
Loss attributable to Navios Holdings common stockholders, diluted	$ (28,906)	$ (38,253)	$ (59,657)	$ (37,427)
Basic loss per share attributable to Navios Holdings common stockholders	$ (0.27)	$ (0.37)	$ (0.57)	$ (0.36)
Weighted average number of shares, basic	105,401,820	102,947,944	105,251,590	102,718,368
Diluted loss per share attributable to Navios Holdings common stockholders	$ (0.27)	$ (0.37)	$ (0.57)	$ (0.36)
Weighted average number of shares, diluted	105,401,820	102,947,944	105,251,590	102,718,368
Other Comprehensive (loss)/income
Unrealized holding (loss)/income on investments in available-for-sale securities	$ (213)	$ 758	$ (491)	$ (381)
Reclassification to earnings	0	11,553	0	11,553
Total other comprehensive (loss)/income	(213)	12,311	(491)	11,172
Total comprehensive loss	(21,621)	(32,082)	(48,278)	(31,091)
Comprehensive (income)/loss attributable to the noncontrolling interest	(3,405)	7,713	(3,704)	7,636
Total comprehensive loss attributable to Navios Holdings common stockholders	$ (25,026)	$ (24,369)	$ (51,982)	$ (23,455)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES:
Net loss	$ (47,787)	$ (42,263)
Adjustments to reconcile net loss to net cash provided by operating activities:
Non-cash adjustments	42,564	68,901
Decrease/(increase) in operating assets	59,508	(29,347)
(Decrease)/Increase in operating liabilities	(36,630)	47,928
Payments for drydock and special survey costs	(15,916)	(4,727)
Net cash provided by operating activities	1,739	40,492
INVESTING ACTIVITIES:
Acquisition of investments in affiliates	(20,471)	(2,233)
Acquisition of vessels	0	(71,862)
Deposits for vessels, port terminals and other fixed assets acquisition	(6,625)	(26,845)
Dividends from affiliate companies	7,298	7,298
Loan to affiliate company	(3,289)	(2,831)
Decrease/ (Increase) in long-term receivable from affiliate companies	9,488	(2,263)
Purchase of property, equipment and other fixed assets	(4,577)	(29,333)
Net cash used in investing activities	(18,176)	(128,069)
FINANCING ACTIVITIES:
Repayment of long-term debt and payment of principal	(31,022)	(9,631)
Repayment of senior notes	0	(290,000)
Proceeds from long-term loans, net of deferred finance fees	0	40,385
Proceeds from issuance of senior notes including premium, net of debt issuance costs	0	365,732
Dividends paid	(20,644)	(14,351)
Issuance of common stock	0	638
Payments of obligations under capital leases	(709)	(565)
Proceeds from issuance of preferred stock	0	47,847
Acquisition of noncontrolling interest	0	(10,889)
Contribution from noncontrolling shareholders	0	3,484
Decrease/(increase) in restricted cash	1,622	(469)
Net cash (used in)/ provided by financing activities	(50,753)	132,181
(Decrease)/increase in cash and cash equivalents	(67,190)	44,604
Cash and cash equivalents, beginning of period	247,556	187,831
Cash and cash equivalents, end of period	180,366	232,435
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest, net of capitalized interest	54,636	30,957
Cash paid for income taxes	29	669
Non-cash investing and financing activities
Dividends payable	162	913
Accrued interest on loan receivable from affiliate company	383	331
Purchase of property, equipment and other fixed assets	(1,211)	(950)
Revaluation of vessels due to restructuring of capital lease obligation	210	0
Decrease in capital lease obligation due to restructuring	$ (210)	$ 0

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Changes In Equity (Unaudited) - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Total Navios Holdings' Stockholders' Equity	Noncontrolling Interest
Balance, value at Dec. 31, 2013	$ 1,189,335	$ 0	$ 10	$ 552,778	$ 524,079	$ (11,172)	$ 1,065,695	$ 123,640
Balance, shares at Dec. 31, 2013		8,479	104,261,029
Net loss	(42,263)				(34,627)		(34,627)	(7,636)
Total other comprehensive income/ (loss)	11,172					11,172	11,172
Issuance of preferred stock, net of expenses (Note 9), values	47,847			47,847			47,847
Issuance of preferred stock, net of expenses (Note 9), shares		20,000
Conversion of preferred stock to common stock (Note 9), values	1		$ 1				1
Conversion of preferred stock to common stock (Note 9), shares		(561)	561,000
Contribution from noncontrolling shareholders	3,484							3,484
Acquisition of noncontrolling interest (Note 2)	(10,889)			(3,173)			(3,173)	(7,716)
Stock-based compensation expenses, value	2,618			2,618			2,618
Stock-based compensation expenses, shares			166,959
Cancellation of shares			(4,625)
Dividends declared/paid	(15,264)				(15,264)		(15,264)
Balance, value at Jun. 30, 2014	1,186,041	$ 0	$ 11	600,070	474,188	0	1,074,269	111,772
Balance, shares at Jun. 30, 2014		27,918	104,984,363
Balance, value at Dec. 31, 2014	1,266,510	$ 0	$ 11	721,465	432,065	(578)	1,152,963	113,547
Balance, shares at Dec. 31, 2014		75,069	105,831,718
Net loss	(47,787)				(51,491)		(51,491)	3,704
Total other comprehensive income/ (loss)	(491)					(491)	(491)
Conversion of preferred stock to common stock (Note 9), shares		(840)	840,000
Contribution from noncontrolling shareholders	0
Stock-based compensation expenses, value	1,446			1,446			1,446
Stock-based compensation expenses, shares			1,166,052
Cancellation of shares			(2,223)
Dividends declared/paid	(20,806)				(20,806)		(20,806)
Balance, value at Jun. 30, 2015	$ 1,198,872	$ 0	$ 11	$ 722,911	$ 359,768	$ (1,069)	$ 1,081,621	$ 117,251
Balance, shares at Jun. 30, 2015		74,229	107,835,547

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2015
DESCRIPTION OF BUSINESS [Abstract]
DESCRIPTION OF BUSINESS	NOTE 1: DESCRIPTION OF BUSINESS Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE:NM) is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities, including iron ore, coal and grain. Navios Logistics Navios South American Logistics Inc. (“Navios Logistics”), a consolidated subsidiary of the Company, is one of the largest Navios Partners Navios Maritime Partners L.P. (“Navios Partners”) (NYSE:NMM) is an international owner and operator of dry cargo vessels and is engaged in seaborne transportation services of a wide range of dry cargo commodities including iron ore, coal, grain, fertilizer and also containers, chartering its vessels under medium to long-term charters. As of June 30, 2015, Navios Holdings owned a 20.1% interest in Navios Partners, including a 2.0% general partner interest. Navios Acquisition Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE: NNA), an affiliate of the Company, is an owner and operator of tanker vessels focusing in the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. As of June 30, 2015, Navios Holdings' ownership of the outstanding voting stock of Navios Acquisition was 42.9% and its economic interest was 46.1%. Navios Midstream Navios Maritime Midstream Partners L.P. (“Navios Midstream”) (NYSE: NAP) is a publicly traded master limited partnership which owns and operates crude oil tankers under long-term employment contracts. As of June 30, 2015, Navios Holdings owned no direct equity interest in Navios Midstream. Navios Europe I On October 9, 2013, Navios Holdings, Navios Acquisition and Navios Partners established Navios Europe Inc. (“Navios Europe I”) and had economic interests of 47.5%, 47.5% and 5.0%, respectively. Effective November 2014, Navios Holdings, Navios Acquisition and Navios Partners have voting interests of 50%, 50% and 0%, respectively. Navios Europe II On February 18, 2015, Navios Holdings, Navios Acquisition and Navios Partners established Navios Europe II Inc. (“Navios Europe II”) and had economic interests of 47.5%, 47.5% and 5.0%, respectively and voting interests of 50%, 50% and 0%, respectively.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of presentation: The company has revised its classification of administrative fee revenue from affiliates to appropriately record such amounts as revenues in the condensed consolidated statements of comprehensive loss. The impact of the revision, which management determined was not material to the financial statements, was to separately present administrative fee revenue from affiliates of $3,502 and $6,881 in the three and six month periods ended June 30, 2014, respectively, and to separately present an equal amount related to general and administrative expenses incurred on behalf of affiliates during the same periods. Change in Accounting Principle The Company historically presented deferred debt issuance costs, or fees related to directly issuing debt, as long-term assets on the consolidated balance sheets. During the first quarter of 2015, the Company adopted the guidance codified in ASU 2015-03 “Interest - Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”). The guidance simplifies the presentation of debt issuance costs by requiring debt issuance costs to be presented as a deduction from the corresponding liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs is not affected. Therefore, these costs will continue to be amortized as interest expense using the effective interest method pursuant to ASC 835-30-35-2 through 35-3. The Company elected to adopt early the requirements of ASU 2015-03 effective beginning the first quarter ended March 31, 2015 and applied this guidance retrospectively to all prior periods presented in the Company's financial statements. The reclassification does not impact net income as previously reported or any prior amounts reported on the statements of comprehensive income, or the consolidated statements of cash flows. The effect of the retrospective application of this change in accounting principle on the Company's consolidated balance sheets as of December 31, 2014 resulted in a reduction of Total non-current assets and Total assets in the amount of $31,692, with a corresponding decrease of $30,789 in Long-term debt, net and Total non-current liabilities and a decrease of $903 in Current portion of long-term debt, net and Total current liabilities. (b) Principles of consolidation: Subsidiaries: Investments in Affiliates: Affiliates included in the financial statements accounted for under the equity method In the consolidated financial statements of Navios Holdings, the following entities are included as affiliates and are accounted for under the equity method for such periods: (i) Navios Partners and its subsidiaries (ownership interest as of June 30, 2015 was 20.1%, which includes a 2.0% general partner interest); (ii) Navios Acquisition and its subsidiaries (economic interest as of June 30, 2015 was 46.1%); (iii) Acropolis Chartering and Shipping Inc. (“Acropolis”) (economic interest as of June 30, 2015 was 35.0%); (iv) Navios Europe I and Navios Europe II and their subsidiaries (economic interest as of June 30, 2015 was 47.5% in each). (c) Recent Accounting Pronouncements: In July 2015, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2015-11, “Simplifying the measurement of inventory”. Topic 330 - Inventory, currently requires an entity to measure inventory at the lower of cost or market. Market could be replacement cost, net realizable value, or net realizable value less an approximately normal profit margin. The amendments in this ASU require an entity to measure inventory within the scope of this ASU at the lower of cost and net realizable value. For public business entities, the amendments in this ASU are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The amendments in this ASU should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The adoption of this new standard is not expected to have a material impact on Navios Holdings's results of operations, financial position or cash flows. In February 2015, the FASB issued the ASU 2015-02, “Consolidation (Topic 810)—Amendments to the Consolidation Analysis”, which amends the criteria for determining which entities are considered variable interest entities (“VIEs”), amends the criteria for determining if a service provider possesses a variable interest in a VIE and ends the deferral granted to investment companies for application of the VIE consolidation model. The ASU is effective for interim and annual periods beginning after December 15, 2015. Early application is permitted. We do not expect the adoption of this ASU to have a material impact on the Company's results of operations, financial position or cash flows, except if Navios Holdings were to enter into new arrangements in 2015 that fall into the scope prior to adoption of this standard. In January 2015, the FASB issued ASU 2015-01, Income Statement Extraordinary and Unusual Items. This standard eliminates the concept of extraordinary and unusual items from U.S. GAAP. The new standard is effective for annual and interim periods after December 15, 2015. Early adoption is permitted. Navios Holdings plans to adopt this standard effective January 1, 2016. The adoption of the new standard is not expected to have a material impact on Navios Holdings' results of operations, financial position or cash flows. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties About an Entity's Ability to Continue as a Going Concern. This standard requires management to assess an entity's ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. Before this new standard, no accounting guidance existed for management on when and how to assess or disclose going concern uncertainties. The amendments are effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. We plan to adopt this standard effective January 1, 2017. The adoption of the new standard is not expected to have a material impact on Navios Holdings' results of operations, financial position or cash flows. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, clarifying the method used to determine the timing and requirements for revenue recognition on the statements of income. Under the new standard, an entity must identify the performance obligations in a contract, the transaction price and allocate the price to specific performance obligations to recognize the revenue when the obligation is completed. The amendments in this update also require disclosure of sufficient information to allow users to understand the nature, amount, timing and uncertainty of revenue and cash flow arising from contracts. The new accounting guidance was originally effective for interim and annual periods beginning after December 15, 2016. In August 2015, the FASB issued ASU 2015-14 to defer the effective date of ASU 2014-09 for all entities by one year. The standard will be effective for public entities for annual reporting periods beginning after December 15, 2017 and interim periods therein. Navios Holdings is currently reviewing the effect of ASU No. 2014-09 on its revenue recognition.

Vessels, Port Terminals and Oth

Vessels, Port Terminals and Other Fixed Assets, Net	6 Months Ended
	Jun. 30, 2015
VESSELS, PORT TERMINALS AND OTHER FIXED ASSETS, NET [Abstract]
VESSELS, PORT TERMINALS AND OTHER FIXED ASSETS, NET	NOTE 3: VESSELS, PORT TERMINALS AND OTHER FIXED ASSETS, NET Vessels, Port Terminals and Other Fixed Assets Cost Accumulated Depreciation Net Book Value Balance December 31, 2014 $ 2,425,931 $ (514,788 ) $ 1,911,143 Additions 5,788 (47,027 ) (41,239 ) Restructure of capital lease (210 ) - (210 ) Balance June 30, 2015 $ 2,431,509 $ (561,815 ) $ 1,869,694 Deposits for Vessel, Port Terminal and Other Fixed Assets Acquisitions On January 26, 2014, Navios Holdings entered into agreements to purchase two bulk carrier vessels, one 84,000 deadweight tons (“dwt”) Panamax vessel and one 180,600 dwt Capesize vessel, to be built in Japan. The vessels' acquisition prices are $31,800 and $52,000, respectively, and are scheduled for delivery in the first quarter of 2016. As of June 30, 2015, Navios Holdings paid deposits for both vessels totaling $24,290. On February 11, 2014, Navios Logistics entered into an agreement for the construction of three new pushboats with a purchase price of $7,552 for each pushboat. As of June 30, 2015 and December 31, 2014, Navios Logistics had paid $9,376 and $6,920, respectively, for the construction of the new pushboats which are expected to be delivered in the first quarter of 2016. As of June 30, 2015, and December 31, 2014, Navios Logistics had paid $18,324 and $16,305, respectively, for the expansion of its dry port in Uruguay, which is currently an asset under construction. Capitalized interest included in deposits for vessels, port terminals and other fixed assets amounted to $3,587 and $1,851, as of June 30, 2015 and December 31, 2014, respectively. Vessel Acquisitions On January 27, 2014, Navios Asia took delivery of the N Bonanza, a 2006-built 76,596 dwt bulk carrier vessel for a purchase price On June 4, 2014, Navios Holdings took delivery of the Navios Gem, a 2014-built 181,336 dwt capesize vessel for a purchase price of $54,368, of which $24,368 was paid in cash and $30,000 was financed through a loan. Navios Logistics On June 30, 2015, Navios Logistics entered into an agreement for the restructuring of its capital leases for the Ferni H and the San San H, by extending their duration until January 2020 and April 2020, respectively, and amending the purchase price obligation to $5,325 and $5,150, respectively, each at the end of the extended period. As of June 30, 2015, the obligations for these vessels were accounted for as capital leases and the lease payments during the six months ended June 30, 2015 and 2014 for both vessels were $710 and $565, respectively. On October 8, 2013, Navios Logistics exercised the option for the construction of additional 36 dry barges, based on the same terms of the initial agreement, which were delivered in the third quarter of 2014. During the six month period ended June 30, 2015, the Company paid $800, representing transportation and other acquisition costs.

Intangible Assets Other Than Go

Intangible Assets Other Than Goodwill	6 Months Ended
	Jun. 30, 2015
INTANGIBLE ASSETS OTHER THAN GOODWILL [Abstract]
INTANGIBLE ASSETS OTHER THAN GOODWILL	NOTE 4: INTANGIBLE ASSETS OTHER THAN GOODWILL June 30, 2015 December 31, 2014 Intangible assets Acquisition Cost (*) $ 344,906 $ 347,241 Accumulated amortization (*) (164,457 ) (157,749 ) Total Intangible assets net book value 180,449 189,492 Unfavorable lease terms Acquisition Cost (**) (56,420 ) (121,028 ) Accumulated amortization 35,727 98,887 Write offs (**) 5,937 - Unfavorable lease terms net book value (14,756) (22,141) Total Intangibles net book value $ 165,693 $ 167,351 (*) As of June 30, 2015 and December 31, 2014, intangible assets associated with favorable lease terms included an amount of $21,782 related to purchase options for the vessels. During the six months ended June 30, 2015, $2,335 of favorable lease terms was written-off. (**) As of June 30, 2015, the intangible liability associated with the unfavorable lease terms included an amount of $5,567 related to current purchase options held by third parties. During the six months ended June 30, 2015, $5,937 of unfavorable lease terms was written-off. During the six months ended June 30, 2015, acquisition cost and accumulated amortization of $64,608, of fully amortized unfavorable lease terms were written off. Amortization expense, net for the three month periods ended June 30, 2015 and 2014 amounted to $3,887and $3,632, respectively, and for the six month periods ended June 30, 2015 and 2014 amounted to $1,657 and $7,252, respectively. The remaining aggregate amortization of acquired intangibles as of June 30, 2015 will be as follows: Period Year One $ 16,198 Year Two 16,315 Year Three 7,906 Year Four 5,588 Year Five 5,595 Thereafter 97,876 Total $ 149,478

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2015
BORROWINGS [Abstract]
BORROWINGS	NOTE 5: BORROWINGS Borrowings, as of June 30, 2015 and December 31, 2014, consisted of the following: Facility June 30, 2015 December 31, 2014 Secured credit facilities $ 238,134 $ 269,123 2019 Notes 350,000 350,000 2022 Notes 650,000 650,000 2022 Logistics Senior Notes 375,000 375,000 Navios Logistics other long-term loans 425 459 Total borrowings 1,613,559 1,644,582 Less: current portion, net (8,100 ) (23,283 ) Less: deferred finance costs, net (29,536 ) (31,692 ) Total long-term borrowings $ 1,575,923 $ 1,589,607 Secured Credit Facilities As of June 30, 2015, the Company had secured credit facilities with various banks with a total outstanding balance of $238,559. The purpose of the facilities was to finance the construction or acquisition of vessels or refinance existing indebtedness. All of the facilities are denominated in U.S. Dollars and bear interest based on LIBOR plus spread ranging from 2.25% to 3.60% per annum. The facilities are repayable in either semi-annual or quarterly installments, followed by balloon payments with maturities, ranging from September 2018 to November 2022. See also the maturity table included below. The facilities are secured by first priority mortgages on certain of Navios Holdings' vessels and other collateral. The credit facilities contain a number of restrictive covenants that limit Navios Holdings and/or certain of its subsidiaries from, among other things: incurring or guaranteeing indebtedness; entering into affiliate transactions; charging, pledging or encumbering the vessels securing such facilities; changing the flag, class, management or ownership of certain Navios Holdings' vessels; changing the commercial and technical management of certain Navios Holdings' vessels; selling or changing the ownership of certain Navios Holdings' vessels; and subordinating the obligations under the credit facilities to any general and administrative costs relating to the vessels. The credit facilities also require the vessels to comply with the ISM Code and ISPS Code and to maintain valid safety management certificates and documents of compliance at all times. Additionally, the credit facilities require compliance with the covenants contained in the indentures governing the 2019 Notes (as defined below) and the 2022 Notes (as defined below). Among other events, it will be an event of default under the credit facilities if the financial covenants are not complied with or if Angeliki Frangou and her affiliates, together, own less than 20% of the outstanding share capital of Navios Holdings. As of June 30, 2015, the Company was in compliance with all of the covenants under each of its credit facilities. Senior Notes On January 28, 2011, the Company and its wholly owned subsidiary, Navios Maritime Finance II (US) Inc. (together with the Company, the “2019 Co-Issuers”) completed the sale of $350,000 of 8.125% Senior Notes due 2019 (the “2019 The 2019 Notes are fully and unconditionally guaranteed, jointly and . The 2019 Co-Issuers have the option to redeem the 2019 Notes The 2019 Notes contain covenants which, among other things, limit the incurrence of additional indebtedness, issuance of certain preferred stock, the payment of dividends, redemption or repurchase of capital stock or making restricted payments and investments, creation of certain liens, transfer or sale of assets, entering in transactions with affiliates, merging or consolidating or selling all or substantially all of the 2019 Co-Issuers' properties and assets and creation or designation of restricted subsidiaries. The 2019 Co-Issuers were in compliance with the covenants as of June 30, 2015. Ship Mortgage Notes In November 2009, the Company and its wholly-owned subsidiary, Navios Maritime Finance (US) Inc. (together, the “Mortgage Notes Co-Issuers”) issued $400,000 of first priority ship mortgage notes due on November 1, 2017 at a fixed rate of 8.875% (the “2017 Notes”). In July 2012, the Mortgage Notes Co-Issuers issued an additional $88,000 of the 2017 Notes at par value. On November 29, 2013, Navios Holdings completed the sale of $650,000 of its 7.375% First Priority Ship Mortgage Notes due 2022 (the “2022 Notes”). The net proceeds of the offering of the 2022 Notes have been used: (i) to repay in full the 2017 Notes; and (ii) to repay in full indebtedness of $123,257 relating to six vessels added as collateral under the 2022 Notes. The remainder has been used for general corporate purposes . The 2022 Notes are senior obligations of Navios Holdings and Navios Maritime Finance II (US) Inc. (the “2022 Co- Issuers”) and are secured by first priority ship mortgages on 23 drybulk vessels owned by certain subsidiary guarantors and certain other associated property and contract rights. The 2022 Notes are unregistered and fully and unconditionally guaranteed, jointly and severally by all of the Company's direct and indirect subsidiaries that guarantee the 2019 Notes and Navios Maritime Finance II (US) Inc. The guarantees of the Company's subsidiaries that own mortgage vessels are senior secured guarantees and the guarantees of the Company's subsidiaries that do not own mortgage vessels are senior unsecured guarantees. In addition, the 2022 Co-Issuers have the option to redeem the 2022 Notes in whole or in part, at any time (i) before January 15, 2017, at a redemption price equal to 100% of the principal amount plus a make whole price which is based on a formula calculated using a discount rate of treasury bonds plus 50 basis points, and (ii) on or after January 15, 2017, at a fixed price of 105.531%, which price declines ratably until it reaches par in 2020. Furthermore, upon occurrence of certain change of control events, the holders of the 2022 Notes may require the 2022 Co-Issuers to repurchase some or all of the notes at 101% of their face amount. The 2022 Notes contain covenants, which among other things, limit the incurrence of additional indebtedness, issuance of certain preferred stock, the payment of dividends, redemption or repurchase of capital stock or making restricted payments and investments, creation of certain liens, transfer or sale of assets, entering into certain transactions with affiliates, merging or consolidating or selling all or substantially all of the 2022 Co-Issuers' properties and assets and creation or designation of restricted subsidiaries. The 2022 Co-Issuers were in compliance with the covenants as of June 30, 2015. 2022 Logistics Senior Notes On April 22, 2014, Navios Logistics and its wholly- owned subsidiary Navios Logistics Finance (US) Inc. (“Logistics Finance” and, together, the “Logistics Co-Issuers”) completed the sale of $375,000 in aggregate principal amount of senior notes due on May 1, 2022 at a fixed rate of 7.25% (the “2022 Logistics Senior Notes”). The effect of this transaction was the recognition of a $27,281 loss in the consolidated statement of comprehensive loss under “Loss on bond extinguishment”, The net proceeds from the sale of the 2022 Logistics Senior Notes were partially used to redeem any and all of Navios Logistics then-outstanding 9.25% Senior Notes due 2019 and pay related transaction fees and expenses. The 2022 Logistics Senior Notes are unregistered and fully and unconditionally guaranteed, jointly and severally, by all of Navios Logistics' direct and indirect subsidiaries except for Horamar do Brasil Navegação Ltda (“Horamar do Brasil”) and Naviera Alto Parana S.A. (“Naviera Alto Parana”), which are deemed to be immaterial, and Logistics Finance, which is the co-issuer of the 2022 Logistics Senior Notes. The subsidiary guarantees are “full and unconditional”, except that the indenture provides for an individual subsidiary's guarantee to be automatically released in certain customary circumstances, such as in connection with a sale or other disposition of all or substantially all of the assets of the subsidiary, in connection with the sale of a majority of the capital stock of the subsidiary, if the subsidiary is designated as an “unrestricted subsidiary” in accordance with the indenture, upon liquidation or dissolution of the subsidiary or upon legal or covenant defeasance or satisfaction and discharge of the 2022 Logistics Senior Notes. The Logistics Co-Issuers have the option to redeem the 2022 Logistics Senior Notes in whole or in part, at their option, at any time (i) before May 1, 2017, at a redemption price equal to 100% of the principal amount plus the applicable make-whole premium plus accrued and unpaid interest, if any, to the redemption date and (ii) on or after May 1, 2017, at a fixed price of 105.438%, which price declines ratably until it reaches par in 2020. At any time before May 1, 2017, the Logistics Co-Issuers may redeem up to 35% of the aggregate principal amount of the 2022 Logistics Senior Notes with the net proceeds of an equity offering at 107.250% of the principal amount of the 2022 Logistics Senior Notes, plus accrued and unpaid interest, if any, to the redemption date so long as at least 65% of the originally issued aggregate principal amount of the 2022 Logistics Senior Notes remains outstanding after such redemption. In addition, upon the occurrence of certain change of control events, the holders of the 2022 Logistics Senior Notes will have the right to require the Logistics Co-Issuers to repurchase some or all of the 2022 Logistics Senior Notes at 101% of their face amount, plus accrued and unpaid interest to the repurchase date. The indenture governing the 2022 Logistics Senior Notes contains covenants which, among other things, limit the incurrence of additional indebtedness, issuance of certain preferred stock, the payment of dividends in excess of 6% per annum of the net proceeds received by or contributed to Navios Logistics in or from any public offering, redemption or repurchase of capital stock or making restricted payments and investments, creation of certain liens, transfer or sale of assets, entering into transactions with affiliates, merging or consolidating or selling all or substantially all of Navios Logistics properties and assets and creation or designation of restricted subsidiaries. The 2022 Logistics Co-Issuers were in compliance with the covenants as of June 30, 2015. During the six month period ended June 30, 2015, the Company, in relation to its secured credit facilities, paid $30,987, of which $24,117 related to installments for the year 2015 and the remaining $6,870 to installments for the year 2016. The annualized weighted average interest rates of the Company's total borrowings were 7.08% and 7.13% for the three month periods ended June 30, 2015 and 2014, respectively, and 7.04% and 7.28% for the six month periods ended June 30, 2015 and 2014, respectively . The maturity table below reflects the principal payments for the next five years and thereafter of all borrowings of Navios Holdings (including Navios Logistics) outstanding as of June 30, 2015, based on the repayment schedules of the respective loan facilities (as described above) and the outstanding amount due under the debt securities. Payment due by period June 30, 2016 $ 8,880 June 30, 2017 21,126 June 30, 2018 24,561 June 30, 2019 417,055 June 30, 2020 53,923 June 30, 2021 and thereafter 1,088,014 Total $ 1,613,559

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2015
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 6: FAIR VALUE OF FINANCIAL INSTRUMENTS The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Cash and cash equivalents: Restricted cash: Borrowings: Capital leases: Loan receivable from affiliate companies: Long-term receivable from affiliate companies: Investments in available-for-sale securities: June 30, 2015 December 31, 2014 Book Value Fair Value Book Value Fair Value Cash and cash equivalents $ 180,366 $ 180,366 $ 247,556 $ 247,556 Restricted cash $ 906 $ 906 $ 2,564 $ 2,564 Investments in available-for-sale-securities $ 6,261 $ 6,261 $ 6,701 $ 6,701 Loan receivable from affiliate companies $ 11,464 $ 11,464 $ 7,791 $ 7,791 Long-term receivable from affiliate companies $ - $ - $ 9,625 $ 9,625 Capital lease obligations, including current portion $ (21,441 ) $ (21,441 ) $ (22,360 ) $ (22,360 ) Senior and ship mortgage notes, net $ (1,349,023) $ (1,206,689) $ (1,347,316 ) $ (1,300,021 ) Long-term debt, including current portion $ (235,000 ) $ (238,560 ) $ (265,574 ) $ (269,582 ) The following tables set forth our assets that are measured at fair value on a recurring basis categorized by fair value hierarchy level. As required by the fair value guidance, assets are categorized in their entirety based on the lowest level of input that is significant to the fair value measurement. Fair Value Measurements as of June 30, 2015 Assets Total Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) Investments in available-for-sale securities $ 6,261 $ 6,261 $ — $ — Total $ 6,261 $ 6,261 $ — $ — Fair Value Measurements as of December 31, 2014 Assets Total Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) Investments in available-for-sale securities $ 6,701 $ 6,701 $ — $ — Total $ 6,701 $ 6,701 $ — $ — Fair Value Measurements The estimated fair value of our financial instruments that are not measured at fair value on a recurring basis, categorized based upon the fair value hierarchy, are as follows: Level I: Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets that we have the ability to access. Valuation of these items does not entail a significant amount of judgment. Level II: Inputs other than quoted prices included in Level I that are observable for the asset or liability through corroboration with market data at the measurement date. Level III: Inputs that are unobservable. Fair Value Measurements at June 30, 2015 Total (Level I) (Level II) (Level III) Cash and cash equivalents $ 180,366 $ 180,366 $ — $ — Restricted cash $ 906 $ 906 $ — $ — Loan receivable from affiliate companies (2) $ 11,464 $ — $ 11,464 $ — Senior and ship mortgage notes $ (1,206,689 ) $ (1,206,689 ) $ — $ — Capital lease obligations, including current portion (1) $ (21,441 ) $ — $ (21,441 ) $ — Long-term debt, including current portion (1) $ (238,560 ) $ — $ (238,560 ) $ — Fair Value Measurements at December 31, 2014 Total (Level I) (Level II) (Level III) Cash and cash equivalents $ 247,556 $ 247,556 $ — $ — Restricted cash $ 2,564 $ 2,564 $ — $ — Loan receivable from affiliate companies (2) $ 7,791 $ — $ 7,791 $ — Long-term receivable from affiliate companies (2) $ 9,625 $ — $ 9,625 $ — Senior and ship mortgage notes $ (1,300,021 ) $ (1,300,021 ) $ — $ — Capital lease obligations, including current portion (1) $ (22,360 ) $ — $ (22,360 ) $ — Long-term debt, including current portion (1) $ (269,582 ) $ — $ (269,582 ) $ — (1 )The fair value of the Company's long-term debt is estimated based on currently available debt with similar contract terms, interest rates and remaining maturities, published quoted market prices as well as taking into account the Company's creditworthiness. (2 )The fair value of the Company's loan receivable from affiliate companies and long-term receivable from affiliate companies is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as after taking into account the counterparty's creditworthiness.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 7: COMMITMENTS AND CONTINGENCIES As of June 30, 2015, the Company was contingently liable for letters of guarantee and letters of credit amounting to $590 (December 31, 2014: $590) issued by various banks in favor of various organizations and the total amount was collateralized by cash deposits, which were included as a component of restricted cash. Navios Logistics has issued a guarantee and indemnity letter that guarantees the performance by Petrolera San Antonio S.A. of all its obligations to Vitol S.A. up to $12,000. This guarantee expires on March 1, 2016. The Company is involved in various disputes and arbitration proceedings arising in the ordinary course of business. Provisions have been recognized in the financial statements for all such proceedings where the Company believes that a liability may be probable, and for which the amounts can be reasonably estimated, based upon facts known on the date the financial statements were prepared. Although the Company cannot predict with certainty the ultimate resolutions of these matters, in the opinion of management, the ultimate disposition of these matters is not expected to have a material adverse effect on the Company's financial position, results of operations or liquidity. The Company, in the normal course of business, entered into contracts to time charter-in vessels for various periods through February 2026. As of June 30, 2015, the Company's future minimum commitments, net of commissions under chartered-in vessels, barges and pushboats were as follows: In operation To be delivered Total June 30, 2016 $ 90,096 $ 1,798 $ 91,894 June 30, 2017 74,833 17,716 92,549 June 30, 2018 70,627 23,305 93,932 June 30, 2019 62,376 23,305 85,681 June 30, 2020 55,887 23,369 79,256 June 30, 2021 and thereafter 100,283 112,767 213,050 Total $ 454,102 $ 202,260 $ 656,362 As of June 30, 2015, the Company had future remaining contractual deposits for two newbuilding owned vessels, which are expected to be delivered in the first quarter of 2016.As of June 30, 2015 Navios Logistics has obligations related to the acquisition of three new pushboats, the payment of the deferred considerations for the acquisition of two companies, who hold the right to occupy approximately 53 acres of land located in the Nueva Palmira free zone in Uruguay, the payment for design works in its dry port facility and remaining installments for the acquisition of the chartered-in fleet consisting of one pushboat and three liquid barges of $13,777, $6,800, $1,160 and $5,681, respectively. The table below reflects the remaining future payments of these commitments . Drybulk Vessels Navios Logistics June 30, 2016 $ 62,850 $ 27,418 Total $ 62,850 $ 27,418

Transactions with Related Parti

Transactions with Related Parties	6 Months Ended
	Jun. 30, 2015
TRANSACTIONS WITH RELATED PARTIES [Abstract]
TRANSACTIONS WITH RELATED PARTIES	NOTE 8: TRANSACTIONS WITH RELATED PARTIES Office rent: Purchase of services: Vessels charter hire: In May 2012, the Company chartered-in from Navios Partners the Navios Prosperity, a 2007-built Panamax vessel. The term of this charter was approximately one year with two six-month extension options granted to the Company, at a net daily rate of $12.0 plus profit sharing. In April 2014, the Company extended this charter for approximately one year and the owners will receive 100% of the first $1.5 in profits above the base rate, and thereafter all profits will be split 50/50 to each party. Effective from March 5, 2015, Navios Holdings and Navios Partners entered into a novation agreement with the respective owners of Navios Prosperity whereby the rights to the time charter contracts of the Navios Prosperity were transferred to Navios Holdings. On July 2, 2015, Navios Prosperity was redelivered to headowners. In September 2012, the Company chartered-in from Navios Partners the Navios Libra, a 1995-built Panamax vessel. The term of this charter is approximately three years at a net daily rate of $12.0 plus 50/50 profit sharing based on actual earnings. In April 2015, this charter was further extended for approximately one year at a net daily rate of $12.0 plus 50/50 profit sharing based on actual earnings, at the end of the period. Any adjustment by the charterers for hire expense/loss will be settled accordingly at the end of the charter period. In May 2013, the Company chartered-in from Navios Partners the Navios Felicity, a 1997-built Panamax vessel. The term of this charter is approximately one year, at a net daily rate of $12.0 plus profit sharing, with two six-month extension options granted to the Company. The owners will receive 100% of the first $1.5 in profits above the base rate, and thereafter all profits will be split 50/50 to each party. In February 2014, the Company exercised its first option to extend this charter, and in August 2014, the Company exercised its second option. In April 2015, this charter was further extended for approximately one year at a net daily rate of $12,000 plus 50/50 profit sharing based on actual earnings, at the end of the period. Any adjustment by the charterers for hire expense/loss will be settled accordingly at the end of the charter period. In May 2013, the Company chartered-in from Navios Partners the Navios Aldebaran, a 2008-built Panamax vessel, for six months, at a net daily rate of $11.0 plus profit sharing, with a six-month extension option. In December 2013, the Company exercised its option to extend this charter. The owners will receive 100% of the first $2.5 in profits above the base rate, and thereafter all profits will be split 50/50 to each party. In July 2014, the Company further extended this charter for approximately six to nine months. Effective from February 28, 2015, Navios Holdings and Navios Partners entered into a novation agreement with the respective owners of Navios Aldebaran whereby the rights to the time charter contracts of the Navios Aldebaran were transferred to Navios Holdings. In July 2013, the Company chartered-in from Navios Partners the Navios Hope, a 2005-built Panamax vessel. The term of this charter was approximately one year at a net daily rate of $10.0. In December 2013, the Company extended this charter for approximately another six months and in January 2015, the Company extended this charter for approximately one year at a net daily rate of $10.0 plus 50/50 profit sharing based on actual earnings. Any adjustment by the Company for hire expense/loss will be settled accordingly at the end of the charter period. In February 2015, the Company chartered-in from Navios Partners the Navios Pollux, a 2009-built Capesize vessel. The term of this charter is approximately twelve months at a daily rate of $11.4 net per day plus 50/50 profit sharing based on actual earnings. Any adjustment by the Company for hire expense/loss will be settled accordingly at the end of the charter period. In March 2015, the Company chartered-in from Navios Partners the Navios Gemini, a 1994-built Panamax vessel. The term of this charter is approximately nine months at a net daily rate of $7.6 plus 50/50 profit sharing based on actual earnings. Any adjustment by the Company for hire expense/loss will be settled accordingly at the end of the charter period. In April 2015, the Company chartered-in from Navios Partners the Navios Fantastiks. The terms of this charter is approximately at a net daily rate of $12.5 plus 50% profit sharing on actual results at the end of the charter period. Any adjustment by the Company for hire expense/loss will be settled accordingly at the end of the charter period. In April 2015, the Company chartered-in from Navios Partners the Navios Sun, the Navios Orbiter, the Navios Soleil, the Navios Alegria, the Navios Harmony and the Navios Hyperion. The terms of these charters are at a net daily rate of $12.0 plus 50% profit sharing on actual results at the end of the charter period. Any adjustment by the Company for hire expense/loss will be settled accordingly at the end of the charter period. Total charter hire expense for all vessels for the three month periods ended June 30, 2015 and 2014 were $8,778 and $6,416, respectively, and for the six month periods ended June 30, 2015 and 2014 were $14,919 and $12,761, respectively, and were included in the statement of comprehensive loss under “Time charter, voyage and logistics business expenses”. Management fees: ”. Navios Holdings provides commercial and technical management services to Navios Acquisition's vessels for a daily fee that was fixed until May 2014, of $6.0 per owned MR2 product tanker and chemical tanker vessel, $7.0 per owned LR1 product tanker vessel and $10.0 per owned VLCC vessel. This daily fee covers all of the vessels' operating expenses, other than certain fees and costs. Actual operating costs and expenses will be determined in a manner consistent with how the initial fixed fees were determined. Drydocking expenses until May 2014 were fixed under this agreement for up to $300 per LR1 and MR2 product tanker vessel and will be reimbursed at cost for VLCC vessels. In May 2014, Navios Holdings extended the duration of its existing management agreement with Navios Acquisition until May 2020 and fixed the fees for ship management services of Navios Acquisition owned fleet for two additional years through May 2016 at the same rates for product tanker and chemical tanker vessels, and reduced the daily rate to $9.5 per VLCC vessel. Drydocking expenses under this agreement will be reimbursed at cost at occurrence for all vessels. Effective March 30, 2012, Navios Acquisition can, upon request to Navios Holdings, partially or fully defer the reimbursement of drydocking and other extraordinary fees and expenses under the management agreement to a later date, but not later than January 5, 2016, and if reimbursed on a later date, such amounts will bear interest at a rate of 1% per annum over LIBOR. Commencing September 28, 2012, Navios Acquisition can, upon request, reimburse Navios Holdings partially or fully for any fixed management fees outstanding for a period of not more than nine months under the management agreement at a later date, but not later than January 5, 2016, and if reimbursed on a later date, such amounts will bear interest at a rate of 1% per annum over LIBOR. Total management fees for the three month periods ended June 30, 2015 and 2014 amounted to $24,293 and $23,787, respectively, and for the six month periods ended June 30, 2015 and 2014 amounted to $48,335 and $46,087, respectively, and are presented net under the caption “Direct vessel expenses”. As of June 30, 2015 there was no balance outstanding. Pursuant to a management agreement dated December 13, 2013, Navios Holdings provides commercial and technical management services to Navios Europe I's tanker and container vessels. The term of this agreement is for a period of six years. Management fees under this agreement will be reimbursed at cost at occurrence. Total management fees for the three month periods ended June 30, 2015 and 2014 amounted to $4,978 and $4,861, respectively, and for the six month periods ended June 30, 2015 and 2014 amounted to $10,247 and $9,299, respectively, and are presented net under the caption “Direct vessel expenses”. Pursuant to a management agreement dated November 18, 2014, Navios Holdings provides commercial and technical management services to Navios Midstream's vessels for a daily fixed fee of $9.5 per owned VLCC vessel effective through November 18, 2016. Drydocking expenses under this agreement will be reimbursed at cost at occurrence for all vessels. The term of this agreement is for a period of five years. Total management fees for the three month periods ended June 30, 2015 and 2014 amounted to $3,705 and $0, respectively, and for the six month periods ended June 30, 2015 and 2014 amounted to $7,125 and $0, respectively, and are presented net under the caption “Direct vessel expenses”. Pursuant to a management agreement dated June 5, 2015, Navios Holdings provides commercial and technical management services to Navios Europe II's dry bulker and container vessels. The term of this agreement is for a period of six years. Management fees under this agreement will be reimbursed at cost at occurrence. Total management fees for the three and six month periods ended June 30, 2015 and 2014 amounted to $437 and $0, respectively, and are presented net under the caption “Direct vessel expenses”. Navios Partners Guarantee: General and administrative expenses incurred on behalf of affiliates/Administrative fee revenue from affiliates: On May 28, 2010, Navios Holdings entered into an administrative services agreement with Navios Acquisition, pursuant to which Navios Holdings provides office space and certain administrative management services to Navios Acquisition. In May 2014, Navios Holdings extended the duration of its existing administrative services agreement with Navios Acquisition until May 2020 pursuant to its existing terms. Navios Holdings is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. Total general and administrative fees charged for the three month periods ended June 30, 2015 and 2014 amounted to $1,935 and $1,803, respectively, and for the six month periods ended June 30, 2015 and 2014 amounted to $3,861 and $3,498, respectively. On April 12, 2011, Navios Holdings entered into an administrative services agreement with Navios Logistics for a term of five years, pursuant to which Navios Holdings will provide certain administrative management services to Navios Logistics. Navios Holdings is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. Total general and administrative fees charged for both the three month periods ended June 30, 2015 and 2014 amounted to $190, and for both the six month periods ended June 30, 2015 and 2014 amounted to $380 each. The general and administrative fees have been eliminated upon consolidation. Pursuant to an administrative services agreement dated December 13, 2013, Navios Holdings provides administrative services to Navios Europe I's tanker and container vessels. The term of this agreement is for a period of six years. Navios Holdings is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. Total general and administrative fees charged for both the three month periods ended June 30, 2015 and 2014 amounted to $201 each and for both the six month periods ended June 30, 2015 and 2014 amounted to $397 each. Pursuant to an administrative services agreement dated November 18, 2014, Navios Holdings provides administrative services to Navios Midstream. The term of this agreement is for a period of five years. Navios Holdings is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. Total general and administrative fees for the three month periods ended June 30, 2015 and 2014 amounted to $214 and $0, respectively, and for the six month periods ended June 30, 2015 and 2014 amounted to $414 and $0, respectively. Pursuant to an administrative services agreement dated June 5, 2015, Navios Holdings provides administrative services to Navios Europe II's dry bulk and container vessels. The term of this agreement is for a period of six years. Navios Holdings is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. Total general and administrative fees charged for the three and six month periods ended June 30, 2015 and 2014 amounted to $27 and $0, respectively. Balance due from affiliates (excluding Navios Europe I & Navios Europe II): Balance due to affiliates (excluding Navios Europe I & Navios Europe II) as of June 30, 2015 amounted to Omnibus agreements: Navios Holdings entered into an omnibus agreement with Navios Acquisition and Navios Partners (the “Acquisition Omnibus Agreement”) in connection with the closing of Navios Acquisition's initial vessel acquisition, pursuant to which, among other things, Navios Holdings and Navios Partners agreed not to acquire, charter-in or own liquid shipment vessels, except for container vessels and vessels that are primarily employed in operations in South America, without the consent of an independent committee of Navios Acquisition. In addition, Navios Acquisition, under the Acquisition Omnibus Agreement, agreed to cause its subsidiaries not to acquire, own, operate or charter drybulk carriers subject to specific exceptions. Under the Acquisition Omnibus Agreement, Navios Acquisition and its subsidiaries granted to Navios Holdings and Navios Partners, a right of first offer on any proposed sale, transfer or other disposition of any of its drybulk carriers and related charters owned or acquired by Navios Acquisition. Likewise, Navios Holdings and Navios Partners agreed to grant a similar right of first offer to Navios Acquisition for any liquid shipment vessels it might own. These rights of first offer will not apply to a (i) sale, transfer or other disposition of vessels between any affiliated subsidiaries, or pursuant to the terms of any charter or other agreement with a counterparty, or (ii) merger with or into, or sale of substantially all of the assets to, an unaffiliated third party. Navios Holdings entered into an omnibus agreement with Navios Midstream, Navios Acquisition and Navios Partners in connection with the Navios Midstream IPO, pursuant to which Navios Acquisition, Navios Holdings, Navios Partners and their controlled affiliates generally have agreed not to acquire or own any VLCCs, crude oil tankers, refined petroleum product tankers, LPG tankers or chemical tankers under time charters of five or more years without the consent of Navios Midstream. The omnibus agreement contains significant exceptions that will allow Navios Acquisition, Navios Holdings, Navios Partners or any of their controlled affiliates to compete with Navios Midstream under specified circumstances. Midstream General Partner Option Agreement: Sale of vessels and sale of rights to Navios Partners: Participation in offerings of affiliates: The Navios Acquisition Credit Facility: On November 11, 2014, Navios Acquisition entered into a short-term credit facility with Navios Holdings pursuant to which Navios Acquisition could borrow up to $200,000 for general corporate purposes. The facility provided for an arrangement fee of $4,000, bared a fixed interest of 600 bps and matured on December 29, 2014. The Navios Partners Credit facility: In May 2015, Navios Partners entered into a Credit Facility with Navios Holdings of up to $60,000. The Navios Partners Credit Facility bears an interest of LIBOR plus 300 bps. The final maturity date is January 2, 2017. As of June 30, 2015, there was no outstanding amount under this facility and all $60,000 remained to be drawn. Balance due from / (to) Navios Europe I: The Navios Revolving Loans I and the Navios Term Loans I earn interest and an annual preferred return, respectively, at 1,270 basis points per annum, on a quarterly compounding basis and are repaid from free cash flow (as defined in the loan agreement) to the fullest extent possible at the end of each quarter. There are no covenant requirements or stated maturity dates. As of June 30, 2015, the outstanding amount relating to the Navios Revolving Loans I capital was $7,125 (December 31, 2014: $7,125), under the caption “Loan receivable from affiliate companies.” As of June 30, 2015, the amount undrawn from the Revolving Loans I was $9,100, of which Navios Holdings is committed to fund $4,323. Balance due from Navios Europe II: The Navios Revolving Loans II and the Navios Term Loans II earn interest and an annual preferred return, respectively, at 1,800 basis points per annum, on a quarterly compounding basis and are repaid from free cash flow (as defined in the loan agreement) to the fullest extent possible at the end of each quarter. There are no covenant requirements or stated maturity dates. As of June 30, 2015, the outstanding amount relating to the Navios Revolving Loans II capital was $3,289 (December 31, 2014: $0), under the caption “Loan receivable from affiliate companies.” As of June 30, 2015, the amount undrawn from the Revolving Loans II was $31,575, of which Navios Holdings is committed to fund $14,998. As of June 30, 2015, the amount undrawn from the Navios Term Loans II was $5,000, of which Navios Holdings was committed to fund $2,375.

Preferred and Common Stock

Preferred and Common Stock	6 Months Ended
	Jun. 30, 2015
PREFERRED AND COMMON STOCK [Abstract]
PREFERRED AND COMMON STOCK	NOTE 9: PREFERRED AND COMMON STOCK Issuances to Employees and Exercise of Options During the six month periods ended June 30, 2015 and 2014, pursuant to the stock plan approved by the Board of Directors, 0 and 141,839 shares were issued following the exercise of options for a total of $0 and $638, respectively. On December 15, 2014, pursuant to the stock plan approved by the Board of Directors, Navios Holdings granted to its employees 1,151,052 shares of restricted common stock which were issued on February 26, 2015. Vested, Surrendered and Forfeited During the six month periods ended June 30, 2015 and 2014, 15,000 and 25,120 restricted stock units, respectively, issued to the Company's employees vested. During the six month periods ended June 30, 2015 and 2014, 2,223 and 4,625 restricted shares of common stock, respectively, were forfeited upon termination of employment. Issuance of Preferred Stock The Company's 2,000,000 American Depositary Shares, Series G Cumulative Redeemable Perpetual Preferred Stock (the “Series G”) and the 4,800,000 American Depositary Shares, Series H Cumulative Redeemable Perpetual Preferred Stock (the “Series H”) are recorded at fair market value on issuance. Each of the shares represents 1/100th of a share of the Series G and H, with a liquidation preference of $2,500.00 per share ($25.00 per American Depositary Share). Dividends are payable quarterly in arrears on the Series G at a rate of 8.75% per annum and on the Series H at a rate of 8.625% per annum of the stated liquidation preference. The Company has accounted for these shares as equity. On January 28, 2014, the Company completed the sale of the Series G raising net proceeds of $47,846 (after deducting underwriting discounts and offering expenses). On July 8, 2014, the Company completed the sale of the series H raising net proceeds of $115,756 (after deducting underwriting discounts and offering expenses). Conversion of Preferred Stock During the six month period ended June 30, 2015, 840 shares of convertible preferred stock were automatically converted into 840,000 shares of common stock. The shares of convertible preferred stock were converted pursuant to their original terms, which provided that five years after the issuance date of the convertible preferred stock, 30% of the then-outstanding shares of preferred stock shall automatically convert into shares of common stock determined by dividing the amount of the liquidation preference ($10,000 per share) by a conversion price equal to $10.00 per share of common stock. Navios Holdings had outstanding as of June 30, 2015 and December 31, 2014, 107,835,547 and 105,831,718 shares of common stock, respectively, and preferred stock 74,229 (20,000 Series G, 48,000 Series H and 6,229 shares of convertible preferred stock ) and 75,069 (20,000 Series G, 48,000 Series H and 7,069 shares of convertible preferred stock), respectively.

Other (Expense)_Income, Net

Other (Expense)/Income, Net	6 Months Ended
	Jun. 30, 2015
OTHER (EXPENSE)/INCOME, NET [Abstract]
OTHER (EXPENSE)/INCOME, NET	NOTE 10: OTHER (EXPENSE)/INCOME, NET During the six month period ended June 30, 2015 and 2014, taxes other-than income taxes of Navios Logistics amounted to $6,419 and $4,681, respectively, and were included in the statements of comprehensive loss within the caption “Other (expense)/income, net”. In May 2014, Navios Holdings received cash compensation of $7,203 from the sale of a defaulted counterparty claim to an unrelated third party. Navios Holdings has no continuing obligation to provide any further services to the counterparty and has therefore recognized the entire compensation received immediately in the statement of comprehensive loss within the caption of “Other (expense)/income, net”. As of March 25, 2014, the Company terminated the amended credit default insurance policy. In connection with the termination, Navios Holdings received compensation of $4,044. From the total compensation, $3,551 was recorded immediately in the statement of comprehensive loss within the caption "Other (expense)/income, net" and the remaining amount within the caption “Revenue”, representing reimbursements for insurance claims submitted for the period prior to the date of the termination of the credit default insurance policy. The Company has no future requirement to repay any of the lump sum cash payment back to the insurance company or provide any further services.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
SEGMENT INFORMATION [Abstract]
SEGMENT INFORMATION	NOTE 11: SEGMENT INFORMATION The Company currently has two reportable segments from which it derives its revenues: Drybulk Vessel Operations and Logistics Business. The reportable segments reflect the internal organization of the Company and are strategic businesses that offer different products and services. The Drybulk Vessel Operations business consists of the transportation and handling of bulk cargoes through the ownership, operation, and trading of vessels, freight, and Forward Freight Agreements. The Logistics Business consists of operating ports and transfer station terminals, handling of vessels, barges and push boats as well as upriver transport facilities in the Hidrovia region. The Company measures segment performance based on net income attributable to Navios Holdings common stockholders. Inter-segment sales and transfers are not significant and have been eliminated and are not included in the following tables. Summarized financial information concerning each of the Company's reportable segments is as follows: Drybulk Vessel Operations Logistics Business Total Three Month Three Month Three Month Three Month Three Month Three Month Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended June 30, June 30, June 30, June 30, June 30, June 30, 2015 2014 2015 2014 2015 2014 Revenue $ 53,583 $ 75,440 $ 66,256 $ 69,968 $ 119,839 $ 145,408 Administrative fee revenue from affiliates 3,882 3,502 — — 3,882 3,502 Interest income/expense and finance cost, net (21,103 ) (21,075 ) (6,735 ) (7,446 ) (27,838 ) (28,521 ) Depreciation and amortization (20,888 ) (19,847 ) (6,591 ) (5,981 ) (27,479 ) (25,828 ) Equity in net earnings of affiliated companies 17,968 7,079 — — 17,968 7,079 Net (loss)/income attributable to Navios Holdings common stockholders (30,820 ) (22,999 ) 6,007 (13,681 ) (24,813 ) (36,680 ) Total assets 2,382,752 2,472,563 602,432 604,474 2,985,184 3,077,037 Goodwill 56,240 56,240 104,096 104,096 160,336 160,336 Capital expenditures (480 ) (54,617 ) (6,484 ) (26,579 ) (6,964 ) (81,196 ) Investments in affiliates 371,405 340,375 — — 371,405 340,375 Cash and cash equivalents 108,346 116,049 72,020 116,386 180,366 232,435 Restricted cash 906 2,631 — — 906 2,631 Long-term debt (including current and non-current portion) $ 1,216,896 $ 1,249,218 $ 367,127 $ 375,494 $ 1,584,023 $ 1,624,712 Drybulk Vessel Operations Logistics Business Total Six Month Six Month Six Month Six Month Six Month Six Month Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended June 30, June 30, June 30, June 30, June 30, June 30, 2015 2014 2015 2014 2015 2014 Revenue $ 106,801 $ 152,033 $ 131,318 $ 115,566 $ 238,119 $ 267,599 Administrative fee revenue from affiliates 7,804 6,881 — — 7,804 6,881 Interest income/expense and finance cost, net (42,328 ) (42,405 ) (13,548 ) (14,162 ) (55,876 ) (56,567 ) Depreciation and amortization (35,626 ) (39,454 ) (13,058 ) (12,048 ) (48,684 ) (51,502 ) Equity in net earnings of affiliated companies 31,880 29,497 — — 31,880 29,497 Net (loss)/income attributable to Navios Holdings common stockholders (58,025 ) (20,833 ) 6,534 (13,794 ) (51,491 ) (34,627 ) Total assets 2,382,752 2,472,563 602,432 604,474 2,985,184 3,077,037 Goodwill 56,240 56,240 104,096 104,096 160,336 160,336 Capital expenditures (2,276 ) (89,300 ) (8,926 ) (38,740 ) (11,202 ) (128,040 ) Investments in affiliates 371,405 340,375 — — 371,405 340,375 Cash and cash equivalents 108,346 116,049 72,020 116,386 180,366 232,435 Restricted cash 906 2,631 — — 906 2,631 Long-term debt (including current and non-current portion) $ 1,216,896 $ 1,249,218 $ 367,127 $ 375,494 $ 1,584,023 $ 1,624,712

Loss Per Common Share

Loss Per Common Share	6 Months Ended
	Jun. 30, 2015
LOSS PER COMMON SHARE [Abstract]
LOSS PER COMMON SHARE	NOTE 12: LOSS PER COMMON SHARE Loss per share is calculated by dividing net loss by the weighted average number of shares of Navios Holdings outstanding during the period. For the three month period ended June 30, 2015, 1,881,641 potential common shares and 6,970,758 potential shares of convertible preferred stock have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) and are therefore excluded from the calculation of diluted net loss per share. For the three month period ended June 30, 2014, 3,692,158 potential common shares and 8,472,835 potential shares of convertible preferred stock have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) and are therefore excluded from the calculation of diluted net loss per share. For the six month period ended June 30, 2015, 1,775,306 potential common shares and 6,988,379 potential shares of convertible preferred stock have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) and are therefore excluded from the calculation of diluted net loss per share. For the six month period ended June 30, 2014, 4,010,213 potential common shares and 8,475,918 potential shares of convertible preferred stock have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) and are therefore excluded from the calculation of diluted net loss per share. Three Month Three Month Six Month Six Month Period Ended Period Ended Period Ended Period Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Numerator: Net loss attributable to Navios Holdings common stockholders $ (24,813 ) $ (36,680 ) $ (51,491 ) $ (34,627 ) Less: Dividend on Preferred Stock and on unvested restricted shares (4,093 ) (1,573 ) (8,166 ) (2,800 ) Loss available to Navios Holdings common stockholders, basic $ (28,906 ) $ (38,253 ) $ (59,657 ) $ (37,427 ) Loss available to Navios Holdings common stockholders, diluted $ (28,906 ) $ (38,253 ) $ (59,657 ) $ (37,427 ) Denominator: Denominator for basic net loss per share attributable to Navios Holdings common stockholders — weighted average shares 105,401,820 102,947,944 105,251,590 102,718,368 Denominator for diluted net loss per share attributable to Navios Holdings common stockholders — adjusted weighted average shares and assumed conversions 105,401,820 102,947,944 105,251,590 102,718,368 Basic net losses per share attributable to Navios Holdings common stockholders $ (0.27 ) $ (0.37 ) $ (0.57 ) $ (0.36 ) Diluted net losses per share attributable to Navios Holdings common stockholders $ (0.27 ) $ (0.37 ) $ (0.57 ) $ (0.36 )

Investment in Affiliates and Av

Investment in Affiliates and Available-for-Sale Securities	6 Months Ended
	Jun. 30, 2015
INVESTMENT IN AFFILIATES AND AVAILABLE-FOR-SALE SECURITIES [Abstract]
INVESTMENT IN AFFILIATES AND AVAILABLE-FOR-SALE SECURITIES	NOTE 13: INVESTMENT IN AFFILIATES AND AVAILABLE-FOR-SALE SECURITIES Navios Partners On August 7, 2007, Navios Holdings formed Navios Partners under the laws of Marshall Islands. Navios GP L.L.C. (the “General Partner”), a wholly owned subsidiary of Navios Holdings, was also formed on that date to act as the general partner of Navios Partners and received a 2.0% general partner interest. In February 2014, Navios Partners completed a public offering of 6,325,000 common units. Navios Holdings paid $2,233 in order to retain its 2.0% general partner interest. The Company determined, under the equity method, that the issuance of shares qualified as sales of shares by the investee. As a result, a gain of $11,230 was recognized in “Equity in net earnings of affiliated companies” for the six month periods ended June 30, 2014. In February 2015, Navios Partners completed a public offering of 4,600,000 common units, at $13.09 per unit, raising gross proceeds of $60,214. In addition, Navios Partners completed a private placement of 1,120,547 common units and 22,868 general partner units at $13.09 per unit to Navios Holdings raising additional gross proceeds of $14,967. As of June 30, 2015, Navios Holdings holds a total of 15,344,310 common units and 1,695,509 general partners units, representing a 20.1% interest in Navios Partners, including the 2.0% general partner interest, and the entire investment in Navios Partners is accounted for under the equity method. As of June 30, 2015 and December 31, 2014, the unamortized difference between the carrying amount of the investment in Navios Partners and the amount of the Company's underlying equity in net assets of Navios Partners was $34,507 and $35,745, respectively. This difference is amortized through “Equity in net earnings of affiliated companies” over the remaining life of Navios Partners tangible and intangible assets. Total equity method income and amortization of deferred gain of $4,097 and $7,784 were recognized in “Equity in net earnings of affiliated companies” for the three month periods ended June 30, 2015 and 2014, respectively, and equity method income and amortization of deferred gain of $8,170 and $28,074 were recognized in “Equity in net earnings of affiliated Companies” for the six month periods ended June 30, 2015 and 2014, respectively. As of June 30, 2015 and December 31, 2014, the carrying amount of the investment in Navios Partners was $121,036 and $114,387, respectively. Dividends received during the three month periods ended June 30, 2015 and 2014 were $8,124 and $7,536, respectively, and for the six month periods ended June 30, 2015 and 2014 were $16,248 and $14,971, respectively. As of June 30, 2015, the market value of the investment in Navios Partners was $182,326. Acropolis Navios Holdings has a 50% interest in Acropolis, a brokerage firm for freight and shipping charters. Although Navios Holdings owns 50% of Acropolis' stock, Navios Holdings agreed with the other shareholder that the earnings and amounts declared by way of dividends will be allocated 35% to the Company with the balance to the other shareholder. As of June 30, 2015 and December 31, 2014, the carrying amount of the investment was $682 and $525, respectively. During both the three and six month periods ended June 30, 2015 and 2014, the Company received dividends of $0 and $271, respectively. Navios Acquisition In February 2014, Navios Acquisition completed a public offering of 14,950,000 shares of its common stock. The Company determined, under the equity method, that the issuance of shares qualified as a sale of shares by the investee. As a result, an income of $6,193 for the six month periods ended June 30, 2014 was recognized in “Equity in net earnings of affiliated companies”. As of June 30, 2015 and December 31, 2014, the unamortized difference between the carrying amount of the investment in Navios Acquisition and the amount of the Company's underlying equity in net assets of Navios Acquisition was $1,777 and $1,293, respectively. This difference is amortized through “Equity in net earnings of affiliated companies” over the remaining life of Navios Acquisition tangible and intangible assets. Total equity method income of $13,426 and loss of $1,190 were recognized in “Equity in net earnings of affiliated companies” for the three month periods ended June 30, 2015 and 2014, respectively, and total equity method income of $22,961 and $619 was recognized for the six month periods ended June 30, 2015 and 2014, respectively. As of June 30, 2015 and December 31, 2014, the carrying amount of the investment in Navios Acquisition was $240,245 and $224,582, respectively. Dividends received during the three month periods ended June 30, 2015 and 2014 were $3,649 and $3,649, respectively, and for the six month periods ended June 30, 2015 and 2014 were $7,298 and $7,298, respectively. As of June 30, 2015, the market value of the investment in Navios Acquisition was $261,988. Navios Europe I On December 18, 2013, Navios Europe I acquired ten vessels for aggregate consideration consisting of (i) cash (which was funded with the proceeds of senior loan facilities (the “Senior Loans I”) and loans aggregating to $10,000 from Navios Holdings, Navios Acquisition and Navios Partners (in each case, in proportion to their ownership interests in Navios Europe I) (collectively, the “Navios Term Loans I”) and (ii) the assumption of a junior participating loan facility (the “Junior Loan I”). In addition to the Navios Term Loans, Navios Holdings, Navios Acquisition and Navios Partners will also make available to Navios Europe I (in each case, in proportion to their ownership interests in Navios Europe I) revolving loans up to $24,100 to fund working capital requirements (collectively, the “Navios Revolving Loans I”). On an ongoing basis, Navios Europe I is required to distribute cash flows (after payment of operating expenses and amounts due pursuant to the terms of the Senior Loans I) according to a defined waterfall calculation. The Navios Term Loans I will be repaid from the future sale of vessels owned by Navios Europe I and is deemed to be the initial investment by Navios Holdings. Navios Holdings evaluated its investment in Navios Europe I under ASC 810 and concluded that Navios Europe I is a VIE and that they are not the party most closely associated with Navios Europe I and, accordingly, is not the primary beneficiary of Navios Europe I. Navios Holdings further evaluated its investment in the common stock of Navios Europe I under ASC 323 and concluded that it has the ability to exercise significant influence over the operating and financial policies of Navios Europe I and, therefore, its investment in Navios Europe I is accounted for under the equity method. As of June 30, 2015 and December 31, 2014, the estimated maximum potential loss by Navios Holdings in Navios Europe I would have been $14,482 and $13,415, respectively, including accrued interest, which represents the Company's carrying value of its investment of $6,163 (December 31, 2014: $5,602) plus the Company's balance of the Navios Revolving Loans I of $8,319 (December 31, 2014: $7,813), including accrued interest, and does not include the undrawn portion of the Navios Revolving Loans I. Income of $399 and $311 was recognized in “Equity in net earnings of affiliated companies” for the three month periods ended June 30, 2015 and 2014, respectively, and income of $560 and $462 was recognized for the six month periods ended June 30, 2015 and 2014, respectively. As of June 30, 2015 and December 31, 2014, the carrying amount of the investment in Navios Europe I was $5,145 and $4,936, respectively. Navios Europe II On February 18, 2015, Navios Holdings, Navios Acquisition and Navios Partners established Navios Europe II. From June 8, 2015 through June 30, 2015, Navios Europe II acquired nine vessels for aggregate consideration consisting of: (i) cash consideration of $96,000 (which was funded with the proceeds of a $87,000 senior loan facilities (the “Senior Loans II”) and loans aggregating $9,000 from Navios Holdings, Navios Acquisition and Navios Partners (in each case, in proportion to their ownership interests in Navios Europe II) (collectively, the “Navios Term Loans II”) and (ii) the assumption of a junior participating loan facility (the “Junior Loan II”) with a face amount of $182,450 as of June 30, 2015. In addition to the Navios Term Loans II, Navios Holdings, Navios Acquisition and Navios Partners will also make available to Navios Europe II (in each case, in proportion to their ownership interests in Navios Europe II) revolving loans up to $38,500 to fund working capital requirements (collectively, the “Navios Revolving Loans II”). On an ongoing basis, Navios Europe II is required to distribute cash flows (after payment of operating expenses, amounts due pursuant to the terms of the Senior Loans II) according to a defined waterfall calculation. The Navios Term Loans II will be repaid from the future sale of vessels owned by Navios Europe II and is deemed to be the initial investment by Navios Holdings.Navios Holdings evaluated its investment in Navios Europe II under ASC 810 and concluded that Navios Europe II is a VIE and that they are not the party most closely associated with Navios Europe II and, accordingly, is not the primary beneficiary of Navios Europe II. Navios Holdings further evaluated its investment in the common stock of Navios Europe II under ASC 323 and concluded that it has the ability to exercise significant influence over the operating and financial policies of Navios Europe II and, therefore, its investment in Navios Europe II is accounted for under the equity method. As of June 30, 2015, the estimated maximum potential loss by Navios Holdings in Navios Europe II would have been $7,624, including accrued interest, which represents the Company's carrying value of its investment of $4,308 plus the Company's balance of the Navios Revolving Loans II of $3,316, including accrued interest, and does not include the undrawn portion of the Navios Revolving Loans II. Income of $33 was recognized in “Equity in net earnings of affiliated companies” for the three and six month periods ended June 30, 2015. As of June 30, 2015, the carrying amount of the investment in Navios Europe II was $4,275. Summarized financial information of the affiliated companies is presented below: June 30, 2015 December 31, 2014 Balance Sheet Navios Partners Navios Acquisition Navios Europe I Navios Partners Navios Acquisition Navios Europe I Current assets $ 63,079 $ 113,923 $ 12,304 $ 115,197 $ 89,528 $ 13,764 Non-current assets 1,342,545 1,556,375 184,830 1,223,512 1,603,944 190,638 Current liabilities 49,248 54,663 14,250 30,072 71,598 15,649 Non-current liabilities 587,619 1,084,232 190,675 559,539 1,122,623 191,744 Three Month Period Ended June 30, 2015 Three Month Period Ended June 30, 2014 Income Statement Navios Partners Navios Acquisition Navios Europe I Navios Partners Navios Acquisition Navios Europe I Revenue $ 56,473 $ 80,408 $ 10,765 $ 55,178 $ 62,242 $ 8,450 Net income/(loss) 11,355 26,362 (1,069 ) 29,985 (2,804 ) (2,632 ) Six Month Period Ended June 30, 2015 Six Month Period Ended June 30, 2014 Income Statement Navios Partners Navios Acquisition Navios Europe I Navios Partners Navios Acquisition Navios Europe I Revenue $ 113,259 $ 159,019 $ 19,860 $ 112,676 $ 123,211 $ 17,109 Net income/(loss) 22,234 46,396 (4,800 ) 48,346 (15,622 ) (5,063 ) Investments in available-for-sale securities During 2013, the Company received shares of Korea Line Corporation (“KLC”), and during 2015, the Company received shares of Pan Ocean Co.Ltd (“STX”) as partial compensation for the claims filed under the Korean court for all unpaid amounts by KLC and STX in respect of the employment of the vessels. The shares were valued at fair value upon the day of issuance. As of both June 30, 2015 and December 31, 2014, the Company retained a total of 328,710 and 314,077 KLC and STX shares, respectively. The shares received from KLC and STX were accounted for under the guidance for available-for-sale securities (the “AFS Securities”). Accordingly, unrealized gains and losses on these securities are reflected directly in equity unless an unrealized loss is considered “other-than- temporary”, in which case it is transferred to statements of comprehensive income. The Company has no other types of available-for-sale securities . As of June 30, 2015 and December 31, 2014, the carrying amount of the available-for-sale securities related to KLC and STX was $6,261 and $6,701, respectively. As of June 30, 2015 and 2014, the unrealized holding losses related to these AFS Securities included in “Accumulated Other Comprehensive Loss” were $1,069 and $0, respectively. As of June 30, 2014, the Company considered the decline in fair value of the KLC shares as “other-than-temporary” and therefore, recognized a loss out of accumulated other comprehensive loss of $11,553. The respective loss was included in other (expense)/income, net in the accompanying consolidated statement of comprehensive loss.

Other Financial Information

Other Financial Information	6 Months Ended
	Jun. 30, 2015
OTHER FINANCIAL INFORMATION [Abstract]
OTHER FINANCIAL INFORMATION	NOTE 14: OTHER FINANCIAL INFORMATION The Company's 2019 Notes, issued on January 28, 2011, are fully and unconditionally guaranteed on a joint and several basis by all of the Company's subsidiaries with the exception of Navios Maritime Finance II (US) Inc., Navios Maritime Finance (US) Inc., Navios Logistics and its subsidiaries and Navios GP L.L.C. The subsidiary guarantees are “full and unconditional”, except that the indenture provides for an individual subsidiary's guarantee to be automatically released in certain customary circumstances, such as when a subsidiary is sold or all of the assets of the subsidiary are sold, the capital stock is sold, when the subsidiary is designated as an “unrestricted subsidiary” for purposes of the indenture, upon liquidation or dissolution of the subsidiary or upon legal or covenant defeasance or satisfaction and discharge of the notes. All subsidiaries, except for the non-guarantor Navios Logistics and its subsidiaries, are 100% owned. Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Statement of comprehensive loss for the three months ended June 30, 2015 Revenue $ — $ 53,583 $ 66,256 $ — $ 119,839 Administrative fee revenue from affiliates — 3,882 — — 3,882 Time charter, voyage and logistics business expenses — (42,796 ) (15,060 ) — (57,856 ) Direct vessel expenses — (12,888 ) (22,860 ) — (35,748 ) General and administrative expenses incurred on behalf of affiliates — (3,882 ) — — (3,882 ) General and administrative expenses (1,096 ) (3,661 ) (3,911 ) — (8,668 ) Depreciation and amortization (701 ) (20,187 ) (6,591 ) — (27,479 ) Interest expense and finance cost, net (19,674 ) (1,429 ) (6,735 ) — (27,838 ) Other (expense)\income, net (126 ) 259 (3,454 ) — (3,321 ) (Loss)/income before equity in net earnings of affiliated companies (21,597) (27,119) 7,645 — (41,071) (Loss)/income from subsidiaries (19,205 ) 6,006 — 13,199 — Equity in net earnings of affiliated companies 15,989 1,180 799 — 17,968 (Loss)/income before taxes (24,813) (19,933) 8,444 13,199 (23,103) Income tax (expense)/benefit — (72 ) 1,767 — 1,695 Net (loss)/income (24,813) (20,005) 10,211 13,199 (21,408) Less: Net income attributable to the noncontrolling interest — — (3,405 ) — (3,405 ) Net (loss)/income attributable to Navios Holdings common stockholders $ (24,813) $ (20,005) $ 6,806 $ 13,199 $ (24,813) Other Comprehensive ( loss)/ income Unrealized holding income on investments in available-for-sale securities $ (213 ) $ (213 ) $ — $ 213 $ (213 ) Total other comprehensive (loss)/ income $ (213) $ (213) $ — $ 213 $ (213) Total comprehensive (loss)/income $ (25,026) $ (20,218) $ 10,211 $ 13,412 $ (21,621) Comprehensive income attributable to noncontrolling interest — — (3,405 ) — (3,405 ) Total comprehensive income / (loss) attributable to Navios Holdings common stockholders $ 25,026 $ (20,218) $ 6,806 $ 13,412 $ (25,026) Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Statement of comprehensive (loss)/income for the three months ended June 30, 2014 Revenue $ — $ 75,440 $ 69,968 $ — $ 145,408 Administrative fee revenue from affiliates — 3,502 — — 3,502 Time charter, voyage and logistics business expenses — (39,088 ) (24,426 ) — (63,514 ) Direct vessel expenses — (13,863 ) (19,977 ) — (33,840 ) General and administrative expenses incurred on behalf of affiliates — (3,502 ) — — (3,502 ) General and administrative expenses (1,427 ) (4,789 ) (3,351 ) — (9,567 ) Depreciation and amortization (701 ) (19,146 ) (5,981 ) — (25,828 ) Interest expense and finance cost, net (19,643 ) (1,432 ) (7,446 ) — (28,521 ) Loss on bond extinguishment — — (27,281 ) — (27,281 ) Other income/(expense), net 2 (5,300 ) (2,183 ) — (7,481 ) Loss before equity in net earnings of affiliated companies (21,769) (8,178) (20,677) — (50,624) (Loss) / (19,639 ) (13,681 ) — 33,320 — Equity in net earnings of affiliated companies 4,729 1,218 1,132 — 7,079 Loss before taxes (36,679) (20,641) (19,545) 33,320 (43,545) Income tax expense — (90 ) (758 ) — (848 ) Net loss (36,679) (20,731) (20,303) 33,320 (44,393) Less: Net (income)/loss attributable to the noncontrolling interest — (41 ) 7,754 — 7,713 Net loss attributable to Navios Holdings common stockholders $ (36,679) $ (20,772) $ (12,549) $ 33,320 $ (36,680) Other Comprehensive income Unrealized holding income on investments in available-for-sale securities $ 758 $ 758 $ — $ (758 ) $ 758 Reclassification to earnings 11,553 11,553 — (11,553) 11,553 Total other comprehensive income $ 12,311 $ 12,311 $ — $ (12,311 ) $ 12,311 Total comprehensive loss $ (24,368) $ (8,420) $ (20,303) $ 21,009 $ (32,082) Comprehensive (income)/loss attributable to noncontrolling interest — (41 ) 7,754 — 7,713 Total comprehensive loss attributable to Navios Holdings common stockholders $ (24,368) $ (8,461) $ (12,549) $ 21,009 $ (24,369) Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Statement of comprehensive income for the six months ended June 30, 2015 Revenue $ — $ 106,801 $ 131,318 $ — $ 238,119 Administrative fee revenue from affiliates — 7,804 — — 7,804 Time charter, voyage and logistics business expenses — (85,731 ) (42,059 ) — (127,790 ) Direct vessel expenses — (25,610 ) (40,955 ) — (66,565 ) General and administrative expenses incurred on behalf of affiliates — (7,804 ) — — (7,804 ) General and administrative expenses (2,214 ) (5,748 ) (7,517 ) — (15,479 ) Depreciation and amortization (1,394 ) (34,232 ) (13,058 ) — (48,684 ) Interest expense and finance cost, net (39,384 ) (2,944 ) (13,548 ) — (55,876 ) Other (expense)\income, net (67 ) 760 (5,928 ) — (5,235 ) (Loss)/income before equity in net earnings of affiliated companies (43,059) (46,704) 8,253 — (81,510) (Loss)/income from subsidiaries (36,504 ) 6,534 — 29,970 — Equity in net earnings of affiliated companies 28,072 2,219 1,589 — 31,880 (Loss)/income before taxes (51,491) (37,951) 9,842 29.970 (49,630) Income tax (expense)/benefit — (142 ) 1,985 — 1,843 Net (loss)/income (51,491) (38,093) 11,827 29,970 (47,787) Less: Net income attributable to the noncontrolling interest — — (3,704 ) — (3,704 ) Net (loss)/income attributable to Navios Holdings common stockholders $ (51,491) $ (38,093) $ 8,123 $ 29,970 $ (51,491) Other Comprehensive ( loss)/ income Unrealized holding income on investments in available-for-sale securities $ (491 ) $ (491 ) $ — $ 491 $ (491 ) Total other comprehensive loss $ (491) $ (491) $ — $ 491 $ (491) Total comprehensive (loss)/income $ (51,982) $ (38,584) $ 11,827 $ 30,461 $ (48,278) Comprehensive income attributable to noncontrolling interest — — (3,704 ) — (3,704 ) Total comprehensive (loss)/income attributable to Navios Holdings common stockholders $ (51,982) $ (38,584) $ 8,123 $ 30,461 $ (51,982) Navios Maritime Non Holdings Inc. Guarantor Guarantor Issuer Subsidiaries Subsidiaries Eliminations Total Statement of comprehensive (loss)/income for the six months ended June 30, 2014 Revenue $ — $ 152,033 $ 115,566 $ — $ 267,599 Administrative fee revenue from affiliates — 6,881 — — 6,881 Time charter, voyage and logistics business expenses — (77,468 ) (37,224 ) — (114,692 ) Direct vessel expenses — (26,532 ) (35,636 ) — (62,168 ) General and administrative expenses incurred on behalf of affiliates — (6,881 ) — — (6,881 ) General and administrative expenses (3,737 ) (10,102 ) (6,759 ) — (20,598 ) Depreciation and amortization (1,394 ) (38,060 ) (12,048 ) — (51,502 ) Interest expense and finance cost, net (39,336 ) (3,069 ) (14,162 ) — (56,567 ) Loss on bond extinguishment — — (27,281 ) — (27,281 ) Other expense, net (13 ) (2,292 ) (3,110 ) — (5,415 ) Loss before equity in net earnings of affiliated companies (44,480) (5,490) (20,654) — (70,624) Loss from subsidiaries (13,001 ) (13,794 ) — 26,795 — Equity in net earnings of affiliated companies 22,854 4,611 2,032 — 29,497 Loss before taxes (34,627) (14,673) (18,622) 26,795 (41,127) Income tax expense — (178 ) (958 ) — (1,136 ) Net loss (34,627) (14,851) (19,580) 26,795 (42,263) Less: Net (income)/ loss attributable to the noncontrolling interest — (182 ) 7,818 — 7,636 Net loss attributable to Navios Holdings common stockholders $ (34,627) $ (15,033) $ (11,762) $ 26,795 $ (34,627) Other Comprehensive income Unrealized holding loss on investments in available-for-sale securities $ (381 ) $ (381 ) $ — $ 381 $ (381 ) Reclassification to earnings 11,553 11,553 — (11,553 ) 11,553 Total other comprehensive income $ 11,172 $ 11,172 $ — $ (11,172) $ 11,172 Total comprehensive loss $ (23,455) $ (3,679) $ (19,580) $ 15,623 $ (31,091) Comprehensive (income)/loss attributable to noncontrolling interest — (182 ) 7,818 — 7,636 Total comprehensive loss attributable to Navios Holdings common stockholders $ (23,455) $ (3,861) $ (11,762) $ 15,623 $ (23,455) Balance Sheet as of June 30, 2015 Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Current assets Cash and cash equivalents $ 32,017 $ 76,329 $ 72,020 $ — $ 180,366 Restricted cash — 906 — — 906 Accounts receivable, net — 13,895 37,086 — 50,981 Intercompany receivables 42,525 — 72,582 (115,107 ) — Due from affiliate companies 4,702 13,097 — — 17,799 Prepaid expenses and other current assets 13 24,147 17,314 — 41,474 Total current assets 79,257 128,374 199,002 (115,107) 291,526 Vessels, port terminals and other fixed assets, net — 1,431,760 437,934 — 1,869,694 Deposits for vessel acquisitions — 24,290 27,700 — 51,990 Investments in subsidiaries 1,628,773 278,066 — (1,906,839) — Investment in available-for-sale securities — 6,261 — — 6,261 Investment in affiliates 346,884 11,297 13,224 — 371,405 Loan receivable from affiliate companies — 11,464 — — 11,464 Other long-term assets — 18,947 23,112 — 42,059 Goodwill and other intangibles 88,168 79,537 173,080 — 340,785 Total non-current assets 2,063,825 1,861,622 675,050 (1,906,839) 2,693,658 Total assets $ 2,143,082 $ 1,989,996 $ 874,052 $ (2,021,946) $ 2,985,184 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 947 $ 2,189 $ 31,637 $ — $ 34,773 Accrued expenses and other liabilities 32,952 35,886 25,977 — 94,815 Deferred income and cash received in advance — 1,981 4,355 — 6,336 Intercompany payables 45,242 68,601 1,264 (115,107 ) — Due to affiliate company — 3,930 — — 3,930 Current portion of capital lease obligations — — 2,886 — 2,886 Current portion of long-term debt — 8,031 69 — 8,100 Total current liabilities 79,141 120,618 66,188 (115,107) 150,840 Long-term debt, net of current portion 982,320 226,544 367,059 1,575,923 Capital lease obligations, net of current portion — — 18,555 — 18,555 Unfavorable lease terms — 14,756 — — 14,756 Other long-term liabilities and deferred income — 13,808 1,066 — 14,874 Deferred tax liability — — 11,364 — 11,364 Total non-current liabilities 982,320 255,108 398,044 — 1,635,472 Total liabilities 1,061,461 375,726 464,232 (115,107) 1,786,312 Noncontrolling interest — — 117,251 — 117,251 Total Navios Holdings stockholders' equity 1,081,621 1,614,271 292,568 (1,906,839) 1,081,621 Total liabilities and stockholders' equity $ 2,143,082 $ 1,989,997 $ 874,051 $ (2,021,946) $ 2,985,184 Balance Sheet as of December 31, 2014 Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Current assets Cash and cash equivalents $ 98,539 $ 77,085 $ 71,932 $ — $ 247,556 Restricted cash — 2,564 — — 2,564 Accounts receivable, net — 56,265 29,316 — 85,581 Intercompany receivables 23,567 — 71,442 (95,009 ) — Due from affiliate companies 4,638 22,558 — — 27,196 Prepaid expenses and other current assets 2 31,179 23,053 — 54,234 Total current assets 126,746 189,651 195,743 (95,009) 417,131 Deposits for vessels, port terminals and other fixed assets — 22,140 23,225 — 45,365 Vessels, port terminal and other fixed assets, net — 1,467,518 443,625 — 1,911,143 Investments in subsidiaries 1,622,239 271,532 — (1,893,771) — Investment in available-for-sale securities — 6,701 — — 6,701 Investment in affiliates 331,130 548 12,775 — 344,453 Long-term receivable from affiliate companies — 9,625 — — 9,625 Loan receivable from affiliate companies — 7,791 — — 7,791 Other long-term assets — 6,920 28,740 — 35,660 Goodwill and other intangibles 89,562 85,273 174,993 — 349,828 Total non-current assets 2,042,931 1,878,048 683,358 (1,893,771) 2,710,566 Total assets $ 2,169,677 $ 2,067,699 $ 879,101 $ (1,988,780) $ 3,127,697 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 591 $ 18,399 $ 34,847 $ — $ 53,837 Accrued expenses and other liabilities 33,099 49,363 24,858 — 107,320 Deferred income and cash received in advance — 6,263 6,182 — 12,445 Intercompany payables — 93,226 1,783 (95,009 ) — Current portion of capital lease obligations — — 1,449 — 1,449 Current portion of long-term debt — 23,214 69 — 23,283 Total current liabilities 33,690 190,465 69,188 (95,009) 198,334 Long-term debt, net of current portion 983,024 231,193 375,390 — 1,589,607 Capital lease obligations, net of current portion — — 20,911 — 20,911 Unfavorable lease terms — 22,141 — — 22,141 Other long-term liabilities and deferred income — 14,574 2,885 — 17,459 Deferred tax liability — — 12,735 — 12,735 Total non-current liabilities 983,024 267,908 411,921 — 1,662,853 Total liabilities 1,016,714 458,373 481,109 (95,009) 1,861,187 Noncontrolling interest — — 113,547 — 113,547 Total Navios Holdings stockholders' equity 1,152,963 1,609,326 284,445 (1,893,771) 1,152,963 Total liabilities and stockholders' equity $ 2,169,677 $ 2,067,699 $ 879,101 $ (1,988,780) $ 3,127,697 Navios Maritime Non Holdings Inc. Guarantor Guarantor Cash flow statement for the six months ended June 30, 2015 Issuer Subsidiaries Subsidiaries Eliminations Total Net cash (used in)/provided by operating activities $ (20,906) $ 12,887 $ 9,758 $ — $ 1,739 Cash flows from investing activities Acquisition of investments in affiliates (14,668) (4,275) (1,528 ) — (20,471 ) Loan to affiliate company — (3,289 ) — — (3,289 ) Decrease in long-term receivable from affiliate companies — 9,488 — — 9,488 Dividends from affiliate companies 7,298 — — — 7,298 Deposits for vessel acquisitions — (2,150 ) (4,475) — (6,625 ) Purchase of property, equipment and other fixed assets — (125 ) (4,452 ) — (4,577 ) Net cash used in investing activities (7,370) (351) (10,455) — (18,176) Cash flows from financing activities Transfer (to)/from other group subsidiaries (17,602 ) 16,074 1,528 — — Repayment of long-term debt and payment of principal — (30,988 ) (34 ) — (31,022 ) Dividends paid (20,644 ) — — — (20,644 ) Decrease in restricted cash — 1,622 — — 1,622 Payments of obligations under capital leases — — (709 ) — (709 ) Net cash (used in)/provided by financing activities (38,246) (13,292) 785 — (50,753) (Decrease)/ increase in cash and cash equivalents (66,522) (756) 88 — (67,190) Cash and cash equivalents, at beginning of period 98,539 77,085 71,932 — 247,556 Cash and cash equivalents, at end of period $ 32,017 $ 76,329 $ 72,020 $ — $ 180,366 Navios Maritime Non Holdings Inc. Guarantor Guarantor Cash flow statement for the six months ended June 30, 2014 Issuer Subsidiaries Subsidiaries Eliminations Total Net cash (used in)/provided by operating activities $ (12,714) $ 59,782 $ (6,576) $ — $ 40,492 Cash flows from investing activities Acquisition of investments in affiliates — — (2,233 ) — (2,233 ) Loan to affiliate company — (2,831 ) — — (2,831 ) Increase in long-term receivable from affiliate companies — (2,263 ) — — (2,263 ) Dividends from affiliate companies 7,298 — — — 7,298 Deposits for vessel acquisitions — (17,288 ) (9,557) — (26,845 ) Acquisition of vessels — (71,862 ) — — (71,862 ) Purchase of property, equipment and other fixed assets (15 ) (135 ) (29,183 ) — (29,333 ) Net cash provided/(used in) in investing activities 7,283 (94,379) (40,973) — (128,069) Cash flows from financing activities Transfer (to)/from other group subsidiaries (15,131 ) 12,898 2,233 — — Issuance of common stock 638 — — — 638 Net proceeds from issuance of preferred stock 47,847 — — — 47,847 Proceeds from long-term loans, net of deferred finance fees — 40,385 — — 40,385 Proceeds from issuance of senior notes, net of debt issuance costs — — 365,732 — 365,732 Repayment of long-term debt and payment of principal — (9,597 ) (34 ) — (9,631 ) Repayment of senior notes — — (290,000 ) — (290,000 ) Contribution from noncontrolling shareholders — 3,484 — — 3,484 Dividends paid (14,351 ) — — — (14,351 ) Increase in restricted cash — (469 ) — — (469 ) Acquisition of noncontrolling interest — (10,889 ) — — (10,889 ) Payments of obligations under capital leases — — (565 ) — (565 ) Net cash provided by financing activities 19,003 35,812 77,366 — 132,181 Net increase in cash and cash equivalents 13,572 1,215 29,817 — 44,604 Cash and cash equivalents, at beginning of period 33,769 67,492 86,570 — 187,831 Cash and cash equivalents, at end of period $ 47,341 $ 68,707 $ 116,387 $ — $ 232,435

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	NOTE 15: SUBSEQUENT EVENTS a) On June 23, 2015, the Board of Directors declared a quarterly dividend for the period from April 15, 2015 to July 14, 2015 of $0.546875 per American Depository Share on its Series G and $0.5390625 per American Depository Share on its Series H. This dividend was paid on July 15, 2015 to holders of record as of July 8, 2015. b) In July 2015, Navios Holdings received a dividend of $3,649 from Navios Acquisition for the first quarter of 2015. c) In August 2015, Navios Holdings received a dividend of $8,124 from Navios Partners for the second quarter of 2015. d) On August 17, 2015, the Board of Directors of Navios Holdings declared a dividend of $0.06 per share of common stock, which will be paid on September 25, 2015 to stockholders of record on September 18, 2015.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Basis of presentation	(a) Basis of presentation: The company has revised its classification of administrative fee revenue from affiliates to appropriately record such amounts as revenues in the condensed consolidated statements of comprehensive loss. The impact of the revision, which management determined was not material to the financial statements, was to separately present administrative fee revenue from affiliates of $3,502 and $6,881 in the three and six month periods ended June 30, 2014, respectively, and to separately present an equal amount related to general and administrative expenses incurred on behalf of affiliates during the same periods.
Change In Accounting Principle	Change in Accounting Principle The Company historically presented deferred debt issuance costs, or fees related to directly issuing debt, as long-term assets on the consolidated balance sheets. During the first quarter of 2015, the Company adopted the guidance codified in ASU 2015-03 “Interest - Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”). The guidance simplifies the presentation of debt issuance costs by requiring debt issuance costs to be presented as a deduction from the corresponding liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs is not affected. Therefore, these costs will continue to be amortized as interest expense using the effective interest method pursuant to ASC 835-30-35-2 through 35-3. The Company elected to adopt early the requirements of ASU 2015-03 effective beginning the first quarter ended March 31, 2015 and applied this guidance retrospectively to all prior periods presented in the Company's financial statements. The reclassification does not impact net income as previously reported or any prior amounts reported on the statements of comprehensive income, or the consolidated statements of cash flows. The effect of the retrospective application of this change in accounting principle on the Company's consolidated balance sheets as of December 31, 2014 resulted in a reduction of Total non-current assets and Total assets in the amount of $31,692, with a corresponding decrease of $30,789 in Long-term debt, net and Total non-current liabilities and a decrease of $903 in Current portion of long-term debt, net and Total current liabilities.
Principles of Consolidation	(b) Principles of consolidation Subsidiaries: Investments in Affiliates Affiliates included in the financial statements accounted for under the equity method In the consolidated financial statements of Navios Holdings, the following entities are included as affiliates and are accounted for under the equity method for such periods: (i) Navios Partners and its subsidiaries (ownership interest as of June 30, 2015 was 20.1%, which includes a 2.0% general partner interest); (ii) Navios Acquisition and its subsidiaries (economic interest as of June 30, 2015 was 46.1%); (iii) Acropolis Chartering and Shipping Inc. (“Acropolis”) (economic interest as of June 30, 2015 was 35.0%); (iv) Navios Europe I and Navios Europe II and their subsidiaries (economic interest as of June 30, 2015 was 47.5% in each).
Recent Accounting Pronouncements	(c) Recent Accounting Pronouncements: In July 2015, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2015-11, “Simplifying the measurement of inventory”. Topic 330 - Inventory, currently requires an entity to measure inventory at the lower of cost or market. Market could be replacement cost, net realizable value, or net realizable value less an approximately normal profit margin. The amendments in this ASU require an entity to measure inventory within the scope of this ASU at the lower of cost and net realizable value. For public business entities, the amendments in this ASU are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The amendments in this ASU should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The adoption of this new standard is not expected to have a material impact on Navios Holdings's results of operations, financial position or cash flows. In February 2015, the FASB issued the ASU 2015-02, “Consolidation (Topic 810)—Amendments to the Consolidation Analysis”, which amends the criteria for determining which entities are considered variable interest entities (“VIEs”), amends the criteria for determining if a service provider possesses a variable interest in a VIE and ends the deferral granted to investment companies for application of the VIE consolidation model. The ASU is effective for interim and annual periods beginning after December 15, 2015. Early application is permitted. We do not expect the adoption of this ASU to have a material impact on the Company's results of operations, financial position or cash flows, except if Navios Holdings were to enter into new arrangements in 2015 that fall into the scope prior to adoption of this standard. In January 2015, the FASB issued ASU 2015-01, Income Statement Extraordinary and Unusual Items. This standard eliminates the concept of extraordinary and unusual items from U.S. GAAP. The new standard is effective for annual and interim periods after December 15, 2015. Early adoption is permitted. Navios Holdings plans to adopt this standard effective January 1, 2016. The adoption of the new standard is not expected to have a material impact on Navios Holdings' results of operations, financial position or cash flows. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties About an Entity's Ability to Continue as a Going Concern. This standard requires management to assess an entity's ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. Before this new standard, no accounting guidance existed for management on when and how to assess or disclose going concern uncertainties. The amendments are effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. We plan to adopt this standard effective January 1, 2017. The adoption of the new standard is not expected to have a material impact on Navios Holdings' results of operations, financial position or cash flows. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, clarifying the method used to determine the timing and requirements for revenue recognition on the statements of income. Under the new standard, an entity must identify the performance obligations in a contract, the transaction price and allocate the price to specific performance obligations to recognize the revenue when the obligation is completed. The amendments in this update also require disclosure of sufficient information to allow users to understand the nature, amount, timing and uncertainty of revenue and cash flow arising from contracts. The new accounting guidance was originally effective for interim and annual periods beginning after December 15, 2016. In August 2015, the FASB issued ASU 2015-14 to defer the effective date of ASU 2014-09 for all entities by one year. The standard will be effective for public entities for annual reporting periods beginning after December 15, 2017 and interim periods therein. Navios Holdings is currently reviewing the effect of ASU No. 2014-09 on its revenue recognition.

Vessels, Port Terminals and O23

Vessels, Port Terminals and Other Fixed Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2015
VESSELS, PORT TERMINALS AND OTHER FIXED ASSETS, NET [Abstract]
Vessels, Port Terminals and Other Fixed Assets, Net	Vessels, Port Terminals and Other Fixed Assets Cost Accumulated Depreciation Net Book Value Balance December 31, 2014 $ 2,425,931 $ (514,788 ) $ 1,911,143 Additions 5,788 (47,027 ) (41,239 ) Restructure of capital lease (210 ) - (210 ) Balance June 30, 2015 $ 2,431,509 $ (561,815 ) $ 1,869,694

Intangible Assets Other Than 24

Intangible Assets Other Than Goodwill (Tables)	6 Months Ended
	Jun. 30, 2015
INTANGIBLE ASSETS OTHER THAN GOODWILL [Abstract]
Schedule of intangible assets	June 30, 2015 December 31, 2014 Intangible assets Acquisition Cost (*) $ 344,906 $ 347,241 Accumulated amortization (*) (164,457 ) (157,749 ) Total Intangible assets net book value 180,449 189,492 Unfavorable lease terms Acquisition Cost (**) (56,420 ) (121,028 ) Accumulated amortization 35,727 98,887 Write offs (**) 5,937 - Unfavorable lease terms net book value (14,756) (22,141) Total Intangibles net book value $ 165,693 $ 167,351 (*) As of June 30, 2015 and December 31, 2014, intangible assets associated with favorable lease terms included an amount of $21,782 related to purchase options for the vessels. During the six months ended June 30, 2015, $2,335 of favorable lease terms was written-off. (**) As of June 30, 2015, the intangible liability associated with the unfavorable lease terms included an amount of $5,567 related to current purchase options held by third parties. During the six months ended June 30, 2015, $5,937 of unfavorable lease terms was written-off. During the six months ended June 30, 2015, acquisition cost and accumulated amortization of $64,608, of fully amortized unfavorable lease terms were written off.
Schedule of aggregate amortization expense	Period Year One $ 16,198 Year Two 16,315 Year Three 7,906 Year Four 5,588 Year Five 5,595 Thereafter 97,876 Total $ 149,478

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2015
BORROWINGS [Abstract]
Loans' outstanding amounts	Facility June 30, 2015 December 31, 2014 Secured credit facilities $ 238,134 $ 269,123 2019 Notes 350,000 350,000 2022 Notes 650,000 650,000 2022 Logistics Senior Notes 375,000 375,000 Navios Logistics other long-term loans 425 459 Total borrowings 1,613,559 1,644,582 Less: current portion, net (8,100 ) (23,283 ) Less: deferred finance costs, net (29,536 ) (31,692 ) Total long-term borrowings $ 1,575,923 $ 1,589,607
Principal payments	Payment due by period June 30, 2016 $ 8,880 June 30, 2017 21,126 June 30, 2018 24,561 June 30, 2019 417,055 June 30, 2020 53,923 June 30, 2021 and thereafter 1,088,014 Total $ 1,613,559

Fair Value of Financial Instr26

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
Fair value of financial instruments	June 30, 2015 December 31, 2014 Book Value Fair Value Book Value Fair Value Cash and cash equivalents $ 180,366 $ 180,366 $ 247,556 $ 247,556 Restricted cash $ 906 $ 906 $ 2,564 $ 2,564 Investments in available-for-sale-securities $ 6,261 $ 6,261 $ 6,701 $ 6,701 Loan receivable from affiliate companies $ 11,464 $ 11,464 $ 7,791 $ 7,791 Long-term receivable from affiliate companies $ - $ - $ 9,625 $ 9,625 Capital lease obligations, including current portion $ (21,441 ) $ (21,441 ) $ (22,360 ) $ (22,360 ) Senior and ship mortgage notes, net $ (1,349,023) $ (1,206,689) $ (1,347,316 ) $ (1,300,021 ) Long-term debt, including current portion $ (235,000 ) $ (238,560 ) $ (265,574 ) $ (269,582 )
Fair Value Measurements on a recurring basis	Fair Value Measurements as of June 30, 2015 Assets Total Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) Investments in available-for-sale securities $ 6,261 $ 6,261 $ — $ — Total $ 6,261 $ 6,261 $ — $ — Fair Value Measurements as of December 31, 2014 Assets Total Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) Investments in available-for-sale securities $ 6,701 $ 6,701 $ — $ — Total $ 6,701 $ 6,701 $ — $ —
Fair Value Measurements on a nonrecurring basis	Fair Value Measurements at June 30, 2015 Total (Level I) (Level II) (Level III) Cash and cash equivalents $ 180,366 $ 180,366 $ — $ — Restricted cash $ 906 $ 906 $ — $ — Loan receivable from affiliate companies (2) $ 11,464 $ — $ 11,464 $ — Senior and ship mortgage notes $ (1,206,689 ) $ (1,206,689 ) $ — $ — Capital lease obligations, including current portion (1) $ (21,441 ) $ — $ (21,441 ) $ — Long-term debt, including current portion (1) $ (238,560 ) $ — $ (238,560 ) $ — Fair Value Measurements at December 31, 2014 Total (Level I) (Level II) (Level III) Cash and cash equivalents $ 247,556 $ 247,556 $ — $ — Restricted cash $ 2,564 $ 2,564 $ — $ — Loan receivable from affiliate companies (2) $ 7,791 $ — $ 7,791 $ — Long-term receivable from affiliate companies (2) $ 9,625 $ — $ 9,625 $ — Senior and ship mortgage notes $ (1,300,021 ) $ (1,300,021 ) $ — $ — Capital lease obligations, including current portion (1) $ (22,360 ) $ — $ (22,360 ) $ — Long-term debt, including current portion (1) $ (269,582 ) $ — $ (269,582 ) $ — (1 )The fair value of the Company's long-term debt is estimated based on currently available debt with similar contract terms, interest rates and remaining maturities, published quoted market prices as well as taking into account the Company's creditworthiness. (2 )The fair value of the Company's loan receivable from affiliate companies and long-term receivable from affiliate companies is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as after taking into account the counterparty's creditworthiness.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
COMMITMENTS AND CONTINGENCIES [Abstract]
Future minimum contractual obligations under chartered-in vessels, barges and pushboats	In operation To be delivered Total June 30, 2016 $ 90,096 $ 1,798 $ 91,894 June 30, 2017 74,833 17,716 92,549 June 30, 2018 70,627 23,305 93,932 June 30, 2019 62,376 23,305 85,681 June 30, 2020 55,887 23,369 79,256 June 30, 2021 and thereafter 100,283 112,767 213,050 Total $ 454,102 $ 202,260 $ 656,362
Future minimum contractual obligations for newbuildings and subsidiary's obligations	Drybulk Vessels Navios Logistics June 30, 2016 $ 62,850 $ 27,418 Total $ 62,850 $ 27,418

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
SEGMENT INFORMATION [Abstract]
Segment summarized financial information	Drybulk Vessel Operations Logistics Business Total Three Month Three Month Three Month Three Month Three Month Three Month Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended June 30, June 30, June 30, June 30, June 30, June 30, 2015 2014 2015 2014 2015 2014 Revenue $ 53,583 $ 75,440 $ 66,256 $ 69,968 $ 119,839 $ 145,408 Administrative fee revenue from affiliates 3,882 3,502 — — 3,882 3,502 Interest income/expense and finance cost, net (21,103 ) (21,075 ) (6,735 ) (7,446 ) (27,838 ) (28,521 ) Depreciation and amortization (20,888 ) (19,847 ) (6,591 ) (5,981 ) (27,479 ) (25,828 ) Equity in net earnings of affiliated companies 17,968 7,079 — — 17,968 7,079 Net (loss)/income attributable to Navios Holdings common stockholders (30,820 ) (22,999 ) 6,007 (13,681 ) (24,813 ) (36,680 ) Total assets 2,382,752 2,472,563 602,432 604,474 2,985,184 3,077,037 Goodwill 56,240 56,240 104,096 104,096 160,336 160,336 Capital expenditures (480 ) (54,617 ) (6,484 ) (26,579 ) (6,964 ) (81,196 ) Investments in affiliates 371,405 340,375 — — 371,405 340,375 Cash and cash equivalents 108,346 116,049 72,020 116,386 180,366 232,435 Restricted cash 906 2,631 — — 906 2,631 Long-term debt (including current and non-current portion) $ 1,216,896 $ 1,249,218 $ 367,127 $ 375,494 $ 1,584,023 $ 1,624,712 Drybulk Vessel Operations Logistics Business Total Six Month Six Month Six Month Six Month Six Month Six Month Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended June 30, June 30, June 30, June 30, June 30, June 30, 2015 2014 2015 2014 2015 2014 Revenue $ 106,801 $ 152,033 $ 131,318 $ 115,566 $ 238,119 $ 267,599 Administrative fee revenue from affiliates 7,804 6,881 — — 7,804 6,881 Interest income/expense and finance cost, net (42,328 ) (42,405 ) (13,548 ) (14,162 ) (55,876 ) (56,567 ) Depreciation and amortization (35,626 ) (39,454 ) (13,058 ) (12,048 ) (48,684 ) (51,502 ) Equity in net earnings of affiliated companies 31,880 29,497 — — 31,880 29,497 Net (loss)/income attributable to Navios Holdings common stockholders (58,025 ) (20,833 ) 6,534 (13,794 ) (51,491 ) (34,627 ) Total assets 2,382,752 2,472,563 602,432 604,474 2,985,184 3,077,037 Goodwill 56,240 56,240 104,096 104,096 160,336 160,336 Capital expenditures (2,276 ) (89,300 ) (8,926 ) (38,740 ) (11,202 ) (128,040 ) Investments in affiliates 371,405 340,375 — — 371,405 340,375 Cash and cash equivalents 108,346 116,049 72,020 116,386 180,366 232,435 Restricted cash 906 2,631 — — 906 2,631 Long-term debt (including current and non-current portion) $ 1,216,896 $ 1,249,218 $ 367,127 $ 375,494 $ 1,584,023 $ 1,624,712

Loss Per Common Share (Tables)

Loss Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2015
LOSS PER COMMON SHARE [Abstract]
Loss per share, basic and diluted	Three Month Three Month Six Month Six Month Period Ended Period Ended Period Ended Period Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Numerator: Net loss attributable to Navios Holdings common stockholders $ (24,813 ) $ (36,680 ) $ (51,491 ) $ (34,627 ) Less: Dividend on Preferred Stock and on unvested restricted shares (4,093 ) (1,573 ) (8,166 ) (2,800 ) Loss available to Navios Holdings common stockholders, basic $ (28,906 ) $ (38,253 ) $ (59,657 ) $ (37,427 ) Loss available to Navios Holdings common stockholders, diluted $ (28,906 ) $ (38,253 ) $ (59,657 ) $ (37,427 ) Denominator: Denominator for basic net loss per share attributable to Navios Holdings common stockholders — weighted average shares 105,401,820 102,947,944 105,251,590 102,718,368 Denominator for diluted net loss per share attributable to Navios Holdings common stockholders — adjusted weighted average shares and assumed conversions 105,401,820 102,947,944 105,251,590 102,718,368 Basic net losses per share attributable to Navios Holdings common stockholders $ (0.27 ) $ (0.37 ) $ (0.57 ) $ (0.36 ) Diluted net losses per share attributable to Navios Holdings common stockholders $ (0.27 ) $ (0.37 ) $ (0.57 ) $ (0.36 )

Investment in Affiliates and 30

Investment in Affiliates and Available-for-Sale Securities (Tables)	6 Months Ended
	Jun. 30, 2015
INVESTMENT IN AFFILIATES AND AVAILABLE-FOR-SALE SECURITIES [Abstract]
Financial information of affiliate companies, balance sheet	June 30, 2015 December 31, 2014 Balance Sheet Navios Partners Navios Acquisition Navios Europe I Navios Partners Navios Acquisition Navios Europe I Current assets $ 63,079 $ 113,923 $ 12,304 $ 115,197 $ 89,528 $ 13,764 Non-current assets 1,342,545 1,556,375 184,830 1,223,512 1,603,944 190,638 Current liabilities 49,248 54,663 14,250 30,072 71,598 15,649 Non-current liabilities 587,619 1,084,232 190,675 559,539 1,122,623 191,744
Financial information of affiliate companies, income statement	Three Month Period Ended June 30, 2015 Three Month Period Ended June 30, 2014 Income Statement Navios Partners Navios Acquisition Navios Europe I Navios Partners Navios Acquisition Navios Europe I Revenue $ 56,473 $ 80,408 $ 10,765 $ 55,178 $ 62,242 $ 8,450 Net income/(loss) 11,355 26,362 (1,069 ) 29,985 (2,804 ) (2,632 ) Six Month Period Ended June 30, 2015 Six Month Period Ended June 30, 2014 Income Statement Navios Partners Navios Acquisition Navios Europe I Navios Partners Navios Acquisition Navios Europe I Revenue $ 113,259 $ 159,019 $ 19,860 $ 112,676 $ 123,211 $ 17,109 Net income/(loss) 22,234 46,396 (4,800 ) 48,346 (15,622 ) (5,063 )

Other Financial Information (Ta

Other Financial Information (Tables)	6 Months Ended
	Jun. 30, 2015
OTHER FINANCIAL INFORMATION [Abstract]
Other Financial Information Income Statement	Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Statement of comprehensive loss for the three months ended June 30, 2015 Revenue $ — $ 53,583 $ 66,256 $ — $ 119,839 Administrative fee revenue from affiliates — 3,882 — — 3,882 Time charter, voyage and logistics business expenses — (42,796 ) (15,060 ) — (57,856 ) Direct vessel expenses — (12,888 ) (22,860 ) — (35,748 ) General and administrative expenses incurred on behalf of affiliates — (3,882 ) — — (3,882 ) General and administrative expenses (1,096 ) (3,661 ) (3,911 ) — (8,668 ) Depreciation and amortization (701 ) (20,187 ) (6,591 ) — (27,479 ) Interest expense and finance cost, net (19,674 ) (1,429 ) (6,735 ) — (27,838 ) Other (expense)\income, net (126 ) 259 (3,454 ) — (3,321 ) (Loss)/income before equity in net earnings of affiliated companies (21,597) (27,119) 7,645 — (41,071) (Loss)/income from subsidiaries (19,205 ) 6,006 — 13,199 — Equity in net earnings of affiliated companies 15,989 1,180 799 — 17,968 (Loss)/income before taxes (24,813) (19,933) 8,444 13,199 (23,103) Income tax (expense)/benefit — (72 ) 1,767 — 1,695 Net (loss)/income (24,813) (20,005) 10,211 13,199 (21,408) Less: Net income attributable to the noncontrolling interest — — (3,405 ) — (3,405 ) Net (loss)/income attributable to Navios Holdings common stockholders $ (24,813) $ (20,005) $ 6,806 $ 13,199 $ (24,813) Other Comprehensive ( loss)/ income Unrealized holding income on investments in available-for-sale securities $ (213 ) $ (213 ) $ — $ 213 $ (213 ) Total other comprehensive (loss)/ income $ (213) $ (213) $ — $ 213 $ (213) Total comprehensive (loss)/income $ (25,026) $ (20,218) $ 10,211 $ 13,412 $ (21,621) Comprehensive income attributable to noncontrolling interest — — (3,405 ) — (3,405 ) Total comprehensive income / (loss) attributable to Navios Holdings common stockholders $ 25,026 $ (20,218) $ 6,806 $ 13,412 $ (25,026) Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Statement of comprehensive (loss)/income for the three months ended June 30, 2014 Revenue $ — $ 75,440 $ 69,968 $ — $ 145,408 Administrative fee revenue from affiliates — 3,502 — — 3,502 Time charter, voyage and logistics business expenses — (39,088 ) (24,426 ) — (63,514 ) Direct vessel expenses — (13,863 ) (19,977 ) — (33,840 ) General and administrative expenses incurred on behalf of affiliates — (3,502 ) — — (3,502 ) General and administrative expenses (1,427 ) (4,789 ) (3,351 ) — (9,567 ) Depreciation and amortization (701 ) (19,146 ) (5,981 ) — (25,828 ) Interest expense and finance cost, net (19,643 ) (1,432 ) (7,446 ) — (28,521 ) Loss on bond extinguishment — — (27,281 ) — (27,281 ) Other income/(expense), net 2 (5,300 ) (2,183 ) — (7,481 ) Loss before equity in net earnings of affiliated companies (21,769) (8,178) (20,677) — (50,624) (Loss) / (19,639 ) (13,681 ) — 33,320 — Equity in net earnings of affiliated companies 4,729 1,218 1,132 — 7,079 Loss before taxes (36,679) (20,641) (19,545) 33,320 (43,545) Income tax expense — (90 ) (758 ) — (848 ) Net loss (36,679) (20,731) (20,303) 33,320 (44,393) Less: Net (income)/loss attributable to the noncontrolling interest — (41 ) 7,754 — 7,713 Net loss attributable to Navios Holdings common stockholders $ (36,679) $ (20,772) $ (12,549) $ 33,320 $ (36,680) Other Comprehensive income Unrealized holding income on investments in available-for-sale securities $ 758 $ 758 $ — $ (758 ) $ 758 Reclassification to earnings 11,553 11,553 — (11,553) 11,553 Total other comprehensive income $ 12,311 $ 12,311 $ — $ (12,311 ) $ 12,311 Total comprehensive loss $ (24,368) $ (8,420) $ (20,303) $ 21,009 $ (32,082) Comprehensive (income)/loss attributable to noncontrolling interest — (41 ) 7,754 — 7,713 Total comprehensive loss attributable to Navios Holdings common stockholders $ (24,368) $ (8,461) $ (12,549) $ 21,009 $ (24,369) Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Statement of comprehensive income for the six months ended June 30, 2015 Revenue $ — $ 106,801 $ 131,318 $ — $ 238,119 Administrative fee revenue from affiliates — 7,804 — — 7,804 Time charter, voyage and logistics business expenses — (85,731 ) (42,059 ) — (127,790 ) Direct vessel expenses — (25,610 ) (40,955 ) — (66,565 ) General and administrative expenses incurred on behalf of affiliates — (7,804 ) — — (7,804 ) General and administrative expenses (2,214 ) (5,748 ) (7,517 ) — (15,479 ) Depreciation and amortization (1,394 ) (34,232 ) (13,058 ) — (48,684 ) Interest expense and finance cost, net (39,384 ) (2,944 ) (13,548 ) — (55,876 ) Other (expense)\income, net (67 ) 760 (5,928 ) — (5,235 ) (Loss)/income before equity in net earnings of affiliated companies (43,059) (46,704) 8,253 — (81,510) (Loss)/income from subsidiaries (36,504 ) 6,534 — 29,970 — Equity in net earnings of affiliated companies 28,072 2,219 1,589 — 31,880 (Loss)/income before taxes (51,491) (37,951) 9,842 29.970 (49,630) Income tax (expense)/benefit — (142 ) 1,985 — 1,843 Net (loss)/income (51,491) (38,093) 11,827 29,970 (47,787) Less: Net income attributable to the noncontrolling interest — — (3,704 ) — (3,704 ) Net (loss)/income attributable to Navios Holdings common stockholders $ (51,491) $ (38,093) $ 8,123 $ 29,970 $ (51,491) Other Comprehensive ( loss)/ income Unrealized holding income on investments in available-for-sale securities $ (491 ) $ (491 ) $ — $ 491 $ (491 ) Total other comprehensive loss $ (491) $ (491) $ — $ 491 $ (491) Total comprehensive (loss)/income $ (51,982) $ (38,584) $ 11,827 $ 30,461 $ (48,278) Comprehensive income attributable to noncontrolling interest — — (3,704 ) — (3,704 ) Total comprehensive (loss)/income attributable to Navios Holdings common stockholders $ (51,982) $ (38,584) $ 8,123 $ 30,461 $ (51,982) Navios Maritime Non Holdings Inc. Guarantor Guarantor Issuer Subsidiaries Subsidiaries Eliminations Total Statement of comprehensive (loss)/income for the six months ended June 30, 2014 Revenue $ — $ 152,033 $ 115,566 $ — $ 267,599 Administrative fee revenue from affiliates — 6,881 — — 6,881 Time charter, voyage and logistics business expenses — (77,468 ) (37,224 ) — (114,692 ) Direct vessel expenses — (26,532 ) (35,636 ) — (62,168 ) General and administrative expenses incurred on behalf of affiliates — (6,881 ) — — (6,881 ) General and administrative expenses (3,737 ) (10,102 ) (6,759 ) — (20,598 ) Depreciation and amortization (1,394 ) (38,060 ) (12,048 ) — (51,502 ) Interest expense and finance cost, net (39,336 ) (3,069 ) (14,162 ) — (56,567 ) Loss on bond extinguishment — — (27,281 ) — (27,281 ) Other expense, net (13 ) (2,292 ) (3,110 ) — (5,415 ) Loss before equity in net earnings of affiliated companies (44,480) (5,490) (20,654) — (70,624) Loss from subsidiaries (13,001 ) (13,794 ) — 26,795 — Equity in net earnings of affiliated companies 22,854 4,611 2,032 — 29,497 Loss before taxes (34,627) (14,673) (18,622) 26,795 (41,127) Income tax expense — (178 ) (958 ) — (1,136 ) Net loss (34,627) (14,851) (19,580) 26,795 (42,263) Less: Net (income)/ loss attributable to the noncontrolling interest — (182 ) 7,818 — 7,636 Net loss attributable to Navios Holdings common stockholders $ (34,627) $ (15,033) $ (11,762) $ 26,795 $ (34,627) Other Comprehensive income Unrealized holding loss on investments in available-for-sale securities $ (381 ) $ (381 ) $ — $ 381 $ (381 ) Reclassification to earnings 11,553 11,553 — (11,553 ) 11,553 Total other comprehensive income $ 11,172 $ 11,172 $ — $ (11,172) $ 11,172 Total comprehensive loss $ (23,455) $ (3,679) $ (19,580) $ 15,623 $ (31,091) Comprehensive (income)/loss attributable to noncontrolling interest — (182 ) 7,818 — 7,636 Total comprehensive loss attributable to Navios Holdings common stockholders $ (23,455) $ (3,861) $ (11,762) $ 15,623 $ (23,455)
Other Financial Information Balance Sheet	Balance Sheet as of June 30, 2015 Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Current assets Cash and cash equivalents $ 32,017 $ 76,329 $ 72,020 $ — $ 180,366 Restricted cash — 906 — — 906 Accounts receivable, net — 13,895 37,086 — 50,981 Intercompany receivables 42,525 — 72,582 (115,107 ) — Due from affiliate companies 4,702 13,097 — — 17,799 Prepaid expenses and other current assets 13 24,147 17,314 — 41,474 Total current assets 79,257 128,374 199,002 (115,107) 291,526 Vessels, port terminals and other fixed assets, net — 1,431,760 437,934 — 1,869,694 Deposits for vessel acquisitions — 24,290 27,700 — 51,990 Investments in subsidiaries 1,628,773 278,066 — (1,906,839) — Investment in available-for-sale securities — 6,261 — — 6,261 Investment in affiliates 346,884 11,297 13,224 — 371,405 Loan receivable from affiliate companies — 11,464 — — 11,464 Other long-term assets — 18,947 23,112 — 42,059 Goodwill and other intangibles 88,168 79,537 173,080 — 340,785 Total non-current assets 2,063,825 1,861,622 675,050 (1,906,839) 2,693,658 Total assets $ 2,143,082 $ 1,989,996 $ 874,052 $ (2,021,946) $ 2,985,184 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 947 $ 2,189 $ 31,637 $ — $ 34,773 Accrued expenses and other liabilities 32,952 35,886 25,977 — 94,815 Deferred income and cash received in advance — 1,981 4,355 — 6,336 Intercompany payables 45,242 68,601 1,264 (115,107 ) — Due to affiliate company — 3,930 — — 3,930 Current portion of capital lease obligations — — 2,886 — 2,886 Current portion of long-term debt — 8,031 69 — 8,100 Total current liabilities 79,141 120,618 66,188 (115,107) 150,840 Long-term debt, net of current portion 982,320 226,544 367,059 1,575,923 Capital lease obligations, net of current portion — — 18,555 — 18,555 Unfavorable lease terms — 14,756 — — 14,756 Other long-term liabilities and deferred income — 13,808 1,066 — 14,874 Deferred tax liability — — 11,364 — 11,364 Total non-current liabilities 982,320 255,108 398,044 — 1,635,472 Total liabilities 1,061,461 375,726 464,232 (115,107) 1,786,312 Noncontrolling interest — — 117,251 — 117,251 Total Navios Holdings stockholders' equity 1,081,621 1,614,271 292,568 (1,906,839) 1,081,621 Total liabilities and stockholders' equity $ 2,143,082 $ 1,989,997 $ 874,051 $ (2,021,946) $ 2,985,184 Balance Sheet as of December 31, 2014 Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Current assets Cash and cash equivalents $ 98,539 $ 77,085 $ 71,932 $ — $ 247,556 Restricted cash — 2,564 — — 2,564 Accounts receivable, net — 56,265 29,316 — 85,581 Intercompany receivables 23,567 — 71,442 (95,009 ) — Due from affiliate companies 4,638 22,558 — — 27,196 Prepaid expenses and other current assets 2 31,179 23,053 — 54,234 Total current assets 126,746 189,651 195,743 (95,009) 417,131 Deposits for vessels, port terminals and other fixed assets — 22,140 23,225 — 45,365 Vessels, port terminal and other fixed assets, net — 1,467,518 443,625 — 1,911,143 Investments in subsidiaries 1,622,239 271,532 — (1,893,771) — Investment in available-for-sale securities — 6,701 — — 6,701 Investment in affiliates 331,130 548 12,775 — 344,453 Long-term receivable from affiliate companies — 9,625 — — 9,625 Loan receivable from affiliate companies — 7,791 — — 7,791 Other long-term assets — 6,920 28,740 — 35,660 Goodwill and other intangibles 89,562 85,273 174,993 — 349,828 Total non-current assets 2,042,931 1,878,048 683,358 (1,893,771) 2,710,566 Total assets $ 2,169,677 $ 2,067,699 $ 879,101 $ (1,988,780) $ 3,127,697 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 591 $ 18,399 $ 34,847 $ — $ 53,837 Accrued expenses and other liabilities 33,099 49,363 24,858 — 107,320 Deferred income and cash received in advance — 6,263 6,182 — 12,445 Intercompany payables — 93,226 1,783 (95,009 ) — Current portion of capital lease obligations — — 1,449 — 1,449 Current portion of long-term debt — 23,214 69 — 23,283 Total current liabilities 33,690 190,465 69,188 (95,009) 198,334 Long-term debt, net of current portion 983,024 231,193 375,390 — 1,589,607 Capital lease obligations, net of current portion — — 20,911 — 20,911 Unfavorable lease terms — 22,141 — — 22,141 Other long-term liabilities and deferred income — 14,574 2,885 — 17,459 Deferred tax liability — — 12,735 — 12,735 Total non-current liabilities 983,024 267,908 411,921 — 1,662,853 Total liabilities 1,016,714 458,373 481,109 (95,009) 1,861,187 Noncontrolling interest — — 113,547 — 113,547 Total Navios Holdings stockholders' equity 1,152,963 1,609,326 284,445 (1,893,771) 1,152,963 Total liabilities and stockholders' equity $ 2,169,677 $ 2,067,699 $ 879,101 $ (1,988,780) $ 3,127,697
Other Financial Information Cash Flow Statement	Navios Maritime Non Holdings Inc. Guarantor Guarantor Cash flow statement for the six months ended June 30, 2015 Issuer Subsidiaries Subsidiaries Eliminations Total Net cash (used in)/provided by operating activities $ (20,906) $ 12,887 $ 9,758 $ — $ 1,739 Cash flows from investing activities Acquisition of investments in affiliates (14,668) (4,275) (1,528 ) — (20,471 ) Loan to affiliate company — (3,289 ) — — (3,289 ) Decrease in long-term receivable from affiliate companies — 9,488 — — 9,488 Dividends from affiliate companies 7,298 — — — 7,298 Deposits for vessel acquisitions — (2,150 ) (4,475) — (6,625 ) Purchase of property, equipment and other fixed assets — (125 ) (4,452 ) — (4,577 ) Net cash used in investing activities (7,370) (351) (10,455) — (18,176) Cash flows from financing activities Transfer (to)/from other group subsidiaries (17,602 ) 16,074 1,528 — — Repayment of long-term debt and payment of principal — (30,988 ) (34 ) — (31,022 ) Dividends paid (20,644 ) — — — (20,644 ) Decrease in restricted cash — 1,622 — — 1,622 Payments of obligations under capital leases — — (709 ) — (709 ) Net cash (used in)/provided by financing activities (38,246) (13,292) 785 — (50,753) (Decrease)/ increase in cash and cash equivalents (66,522) (756) 88 — (67,190) Cash and cash equivalents, at beginning of period 98,539 77,085 71,932 — 247,556 Cash and cash equivalents, at end of period $ 32,017 $ 76,329 $ 72,020 $ — $ 180,366 Navios Maritime Non Holdings Inc. Guarantor Guarantor Cash flow statement for the six months ended June 30, 2014 Issuer Subsidiaries Subsidiaries Eliminations Total Net cash (used in)/provided by operating activities $ (12,714) $ 59,782 $ (6,576) $ — $ 40,492 Cash flows from investing activities Acquisition of investments in affiliates — — (2,233 ) — (2,233 ) Loan to affiliate company — (2,831 ) — — (2,831 ) Increase in long-term receivable from affiliate companies — (2,263 ) — — (2,263 ) Dividends from affiliate companies 7,298 — — — 7,298 Deposits for vessel acquisitions — (17,288 ) (9,557) — (26,845 ) Acquisition of vessels — (71,862 ) — — (71,862 ) Purchase of property, equipment and other fixed assets (15 ) (135 ) (29,183 ) — (29,333 ) Net cash provided/(used in) in investing activities 7,283 (94,379) (40,973) — (128,069) Cash flows from financing activities Transfer (to)/from other group subsidiaries (15,131 ) 12,898 2,233 — — Issuance of common stock 638 — — — 638 Net proceeds from issuance of preferred stock 47,847 — — — 47,847 Proceeds from long-term loans, net of deferred finance fees — 40,385 — — 40,385 Proceeds from issuance of senior notes, net of debt issuance costs — — 365,732 — 365,732 Repayment of long-term debt and payment of principal — (9,597 ) (34 ) — (9,631 ) Repayment of senior notes — — (290,000 ) — (290,000 ) Contribution from noncontrolling shareholders — 3,484 — — 3,484 Dividends paid (14,351 ) — — — (14,351 ) Increase in restricted cash — (469 ) — — (469 ) Acquisition of noncontrolling interest — (10,889 ) — — (10,889 ) Payments of obligations under capital leases — — (565 ) — (565 ) Net cash provided by financing activities 19,003 35,812 77,366 — 132,181 Net increase in cash and cash equivalents 13,572 1,215 29,817 — 44,604 Cash and cash equivalents, at beginning of period 33,769 67,492 86,570 — 187,831 Cash and cash equivalents, at end of period $ 47,341 $ 68,707 $ 116,387 $ — $ 232,435

Description of Business (Detail

Description of Business (Details) - Jun. 30, 2015	Total
Navios Logistics
Related Party Transaction [Line Items]
Ownership percentage of Navios Holdings	63.80%
Navios Partners
Related Party Transaction [Line Items]
Ownership percentage of Navios Holdings	20.10%
General partner interest of Navios Holdings	2.00%
Navios Acquisition
Related Party Transaction [Line Items]
Ownership percentage of Navios Holdings	46.10%
Percentage of voting stock of Navios Holdings in Navios Acquisition	42.90%

Description of Business - Relat

Description of Business - Related Parties - Navios Europe I (Table) (Details)	6 Months Ended
	Jun. 30, 2015	Oct. 09, 2013
Navios Acquisition
Related Party Transaction [Line Items]
Ownership percentage	46.10%
Percentage of voting stock held	42.90%
Navios Partners
Related Party Transaction [Line Items]
Ownership percentage	20.10%
Navios Europe I
Related Party Transaction [Line Items]
Ownership percentage		47.50%
Percentage of voting stock held	50.00%
Navios Europe I | Navios Acquisition
Related Party Transaction [Line Items]
Ownership percentage		47.50%
Percentage of voting stock held	50.00%
Navios Europe I | Navios Partners
Related Party Transaction [Line Items]
Ownership percentage		5.00%
Percentage of voting stock held	0.00%

Description of Business - Rel34

Description of Business - Related Parties - Navios Europe II (Table) (Details)	6 Months Ended
	Jun. 30, 2015	Feb. 18, 2015
Navios Europe II
Related Party Transaction [Line Items]
Ownership percentage		47.50%
Percentage of voting stock held	50.00%
Navios Acquisition
Related Party Transaction [Line Items]
Ownership percentage	46.10%
Percentage of voting stock held	42.90%
Navios Acquisition | Navios Europe II
Related Party Transaction [Line Items]
Ownership percentage		47.50%
Percentage of voting stock held	50.00%
Navios Partners
Related Party Transaction [Line Items]
Ownership percentage	20.10%
Navios Partners | Navios Europe II
Related Party Transaction [Line Items]
Ownership percentage		5.00%
Percentage of voting stock held	0.00%

Summary of Significant Accoun35

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Feb. 18, 2015	May. 31, 2014	May. 30, 2014	Oct. 09, 2013
Schedule Of Equity Method Investments [Line Items]
General and administrative expenses incurred on behalf of affiliates	$ 3,882	$ 3,502	$ 7,804	$ 6,881
Effect of early adoption of new accounting pronouncement
Schedule Of Equity Method Investments [Line Items]
Reduction of total assets, due to change in accounting principle			(31,692)
Reduction of long term debt, due to change in accounting principle			(30,789)
Reduction of current portion of long term debt, due to change in accounting principle			$ (903)
Navios Asia
Schedule Of Equity Method Investments [Line Items]
Ownership percentage of Navios Holdings							51.00%
Remaining noncontrolling interest percentage acquired						49.00%
Navios Logistics
Schedule Of Equity Method Investments [Line Items]
Ownership percentage of Navios Holdings	63.80%		63.80%
Navios Partners and its subsidiaries
Schedule Of Equity Method Investments [Line Items]
Ownership percentage of Navios Holdings	20.10%		20.10%
General Partner Interest			2.00%
Navios Acquisition and its subsidiaries
Schedule Of Equity Method Investments [Line Items]
Ownership percentage of Navios Holdings	46.10%		46.10%
Acropolis Chartering and Shipping Inc. ("Acropolis")
Schedule Of Equity Method Investments [Line Items]
Ownership percentage of Navios Holdings	35.00%		35.00%
Navios Europe I
Schedule Of Equity Method Investments [Line Items]
Ownership percentage of Navios Holdings								47.50%
Navios Europe I | Navios Partners and its subsidiaries
Schedule Of Equity Method Investments [Line Items]
Ownership percentage of Navios Holdings								5.00%
Navios Europe I | Navios Acquisition and its subsidiaries
Schedule Of Equity Method Investments [Line Items]
Ownership percentage of Navios Holdings								47.50%
Navios Europe II
Schedule Of Equity Method Investments [Line Items]
Ownership percentage of Navios Holdings					47.50%
Navios Europe II | Navios Partners and its subsidiaries
Schedule Of Equity Method Investments [Line Items]
Ownership percentage of Navios Holdings					5.00%
Navios Europe II | Navios Acquisition and its subsidiaries
Schedule Of Equity Method Investments [Line Items]
Ownership percentage of Navios Holdings					47.50%

Vessels, Port Terminals and O36

Vessels, Port Terminals and Other Fixed Assets, Net (Table) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Property Plant And Equipment [Line Items]
Balance December 31, 2014	$ 1,911,143
Balance June 30, 2015	1,869,694
Cost
Property Plant And Equipment [Line Items]
Balance December 31, 2014	2,425,931
Additions	5,788
Restructure of capital lease	(210)
Balance June 30, 2015	2,431,509
Accumulated Depreciation
Property Plant And Equipment [Line Items]
Balance December 31, 2014	(514,788)
Additions	(47,027)
Balance June 30, 2015	(561,815)
Net Book Value
Property Plant And Equipment [Line Items]
Balance December 31, 2014	1,911,143
Additions	(41,239)
Restructure of capital lease	(210)
Balance June 30, 2015	$ 1,869,694

Vessels, Port Terminals and O37

Vessels, Port Terminals and Other Fixed Assets, Net (Details) $ in Thousands	Jun. 04, 2014USD ($)	Jan. 27, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jan. 26, 2014USD ($)
Property Plant And Equipment [Line Items]
Number of vessels under construction					2
Deposits for vessel acquisitions			$ 6,625	$ 26,845
Cash consideration for purchase of vessel			$ 0	$ 71,862
Panamax vessel
Property Plant And Equipment [Line Items]
Vessel capacity in DWT			84,000
Total consideration for acquisition of vessel					$ 31,800
Capesize vessel
Property Plant And Equipment [Line Items]
Vessel capacity in DWT			180,600
Total consideration for acquisition of vessel					$ 52,000
Both newbuilding vessels
Property Plant And Equipment [Line Items]
Deposits for vessel acquisitions			$ 24,290
Date of expected delivery			Q1 2016
Navios Bonanza | Noncontrolling Interest
Property Plant And Equipment [Line Items]
Cash consideration for purchase of vessel		$ 3,484
Navios Gem
Property Plant And Equipment [Line Items]
Vessel capacity in DWT			181,336
Total consideration for acquisition of vessel	$ 54,368
Date of delivery			June 4, 2014
Year built			2,014
Cash consideration for purchase of vessel	24,368
Amount of loan used to finance purchase of vessel	$ 30,000
Navios Asia | Navios Bonanza
Property Plant And Equipment [Line Items]
Vessel capacity in DWT			76,596
Total consideration for acquisition of vessel		17,634
Date of delivery			January 27, 2014
Year built			2,006
Cash consideration for purchase of vessel		2,900
Amount of loan used to finance purchase of vessel		$ 11,250

Vessels, Port Terminals and O38

Vessels, Port Terminals and Other Fixed Assets, Net - Navios Logistics (Details) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Feb. 11, 2014USD ($)	Jan. 26, 2014	Oct. 08, 2013
Property Plant And Equipment [Line Items]
Purchase price obligation	$ 21,441		$ 22,360
Lease payments	709	$ 565
Number of vessels under construction					2
Cash consideration for purchase of vessel	6,625	26,845
Additional 36 Dry Barges
Property Plant And Equipment [Line Items]
Number of vessels under construction						36
Transportation and other acquisition costs	$ 800
Date of delivery	Q3 2014
Three newbuilding pushboats, value per each
Property Plant And Equipment [Line Items]
Total consideration for acquisition of vessel				$ 7,552
Cash consideration for purchase of vessel	$ 9,376		6,920
Date of expected delivery	Q1 2016
Expansion of its dry port
Property Plant And Equipment [Line Items]
Cash consideration for purchase of vessel	$ 18,324		16,305
Capitalized interest costs	3,587		$ 1,851
Ferni H
Property Plant And Equipment [Line Items]
Purchase price obligation	5,325
San San H
Property Plant And Equipment [Line Items]
Purchase price obligation	5,150
Ferni H and San San H
Property Plant And Equipment [Line Items]
Lease payments	$ 710	$ 565

Intangible Assets Other Than 39

Intangible Assets Other Than Goodwill (Table) (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Acquired Finite Lived Intangible Assets [Line Items]
Net Book Value		$ 165,693	$ 167,351
Intangible assets
Acquired Finite Lived Intangible Assets [Line Items]
Acquisition Cost	[1]	344,906	347,241
Accumulated amortization	[1]	(164,457)	(157,749)
Net Book Value		180,449	189,492
Unfavorable lease terms
Acquired Finite Lived Intangible Assets [Line Items]
Acquisition Cost	[2]	(56,420)	(121,028)
Accumulated amortization		35,727	98,887
Write offs	[2]	5,937
Net Book Value		$ (14,756)	$ (22,141)
[1]	As of June 30, 2015 and December 31, 2014, intangible assets associated with favorable lease terms included an amount of $21,782 related to purchase options for the vessels. During the six months ended June 30, 2015, $2,335 of favorable lease terms was written-off.
[2]	As of June 30, 2015, the intangible liability associated with the unfavorable lease terms included an amount of $5,567 related to current purchase options held by third parties. During the six months ended June 30, 2015, $5,937 of unfavorable lease terms was written-off. During the six months ended June 30, 2015, acquisition cost and accumulated amortization of $64,608, of fully amortized unfavorable lease terms were written off.

Intangible Assets Other Than 40

Intangible Assets Other Than Goodwill - Amortization Schedule (Table) (Details) $ in Thousands	Jun. 30, 2015USD ($)
INTANGIBLE ASSETS OTHER THAN GOODWILL [Abstract]
Year One	$ 16,198
Year Two	16,315
Year Three	7,906
Year Four	5,588
Year Five	5,595
Thereafter	97,876
Total	$ 149,478

Intangible Assets Other Than 41

Intangible Assets Other Than Goodwill - Additional Details (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Intangible asset		$ 180,449		$ 180,449		$ 189,492
Below Market Lease Net		14,756		14,756		22,141
Amortization of intangible assets		3,887	$ 3,632	1,657	$ 7,252
Favorable lease terms
Intangible asset		21,782		21,782		$ 21,782
Write offs		2,335		2,335
Unfavorable lease terms
Write offs	[1]	5,937		5,937
Write off of acquisition cost and accumulated amortization		64,608		64,608
Below Market Lease Net		$ 5,567		$ 5,567
[1]	As of June 30, 2015, the intangible liability associated with the unfavorable lease terms included an amount of $5,567 related to current purchase options held by third parties. During the six months ended June 30, 2015, $5,937 of unfavorable lease terms was written-off. During the six months ended June 30, 2015, acquisition cost and accumulated amortization of $64,608, of fully amortized unfavorable lease terms were written off.

Borrowings (Table) (Details)

Borrowings (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Secured credit facilities	$ 238,134	$ 269,123
Less: current portion, net	(8,100)	(23,283)
Navios Logistics
Debt Instrument [Line Items]
Other long-term loans	425	459
2019 Notes
Debt Instrument [Line Items]
Senior Notes	350,000	350,000
2022 Notes
Debt Instrument [Line Items]
Senior Notes	650,000	650,000
2022 Senior Notes | Navios Logistics
Debt Instrument [Line Items]
Senior Notes	375,000	375,000
Total
Debt Instrument [Line Items]
Total borrowings	1,613,559	1,644,582
Less: current portion, net	(8,100)	(23,283)
Less: deferred finance costs, net	(29,536)	(31,692)
Total long-term borrowings	$ 1,575,923	$ 1,589,607

Borrowings - Principal Payments

Borrowings - Principal Payments (Table) (Details) $ in Thousands	Jun. 30, 2015USD ($)
BORROWINGS [Abstract]
June 30, 2016	$ 8,880
June 30, 2017	21,126
June 30, 2018	24,561
June 30, 2019	417,055
June 30, 2020	53,923
June 30, 2021 and thereafter	$ 1,088,014

Borrowings - Secured Credit Fac

Borrowings - Secured Credit Facilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Loans outstanding	$ 235,000	$ 265,574
Secured debt
Debt Instrument [Line Items]
Loans outstanding	$ 238,559
Variable rate basis	LIBOR
Secured debt | Maximum
Debt Instrument [Line Items]
Interest percentage	3.60%
Loan maturity	November 2,022
Secured debt | Minimum
Debt Instrument [Line Items]
Interest percentage	2.25%
Loan maturity	September 2,018

Borrowings - Senior and Ship Mo

Borrowings - Senior and Ship Mortgage Notes Navios Holdings and Navios Logistics (Details) - USD ($) $ in Thousands

3 Months Ended

4 Months Ended

6 Months Ended

11 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Apr. 22, 2014

Jun. 30, 2015

Jun. 30, 2014

Nov. 29, 2013

May. 01, 2017

Jan. 15, 2017

Jan. 14, 2017

Feb. 15, 2015

Jul. 31, 2012

Jan. 28, 2011

Nov. 30, 2009

Debt Instrument [Line Items]

Loss on bond extinguishment

$ 0

$ 27,281

$ 0

$ 27,281

Amout used for repayment of debt

30,987

Installments for the year 2015

Debt Instrument [Line Items]

Amout used for repayment of debt

24,117

Installments for the year 2016

Debt Instrument [Line Items]

Amout used for repayment of debt

$ 6,870

2019 Notes

Debt Instrument [Line Items]

Face amount at issuance date

$ 350,000

Issuance date/Date of agreement

Jan. 28, 2011

Fixed interest rate

8.125%

Redemption Price as a percentage of principal amount

104.063%

2022 Notes

Debt Instrument [Line Items]

Face amount at issuance date

$ 650,000

Issuance date/Date of agreement

Nov. 29, 2013

Fixed interest rate

7.375%

Redemption Price as a percentage of principal amount

105.531%

100.00%

2022 Notes | Indebtedness in connection with six vessels added as collateral

Debt Instrument [Line Items]

Amout used for repayment of debt

$ 123,257

2017 Notes

Debt Instrument [Line Items]

Face amount at issuance date

$ 88,000

$ 400,000

Issuance date/Date of agreement

Nov. 30, 2009

Maturity date

Nov. 1, 2017

Fixed interest rate

8.875%

2022 Senior Notes | Navios Logistics

Debt Instrument [Line Items]

Face amount at issuance date

$ 375,000

Issuance date/Date of agreement

Apr. 22, 2014

Maturity date

May 1, 2022

Fixed interest rate

7.25%

Loss on bond extinguishment

$ 27,281

Redemption Price as a percentage of principal amount

105.438%

Borrowings - Repayment Terms an

Borrowings - Repayment Terms and Covenants (Details)	6 Months Ended
	Jun. 30, 2015
Debt Instrument [Line Items]
Covenant description	The credit facilities contain a number of restrictive covenants that limit Navios Holdings and/or certain of its subsidiaries from, among other things: incurring or guaranteeing indebtedness; entering into affiliate transactions; charging, pledging or encumbering the vessels securing such facilities; changing the flag, class, management or ownership of certain Navios Holdings' vessels; changing the commercial and technical management of certain Navios Holdings' vessels; selling or changing the ownership of certain Navios Holdings' vessels; and subordinating the obligations under the credit facilities to any general and administrative costs relating to the vessels. The credit facilities also require the vessels to comply with the ISM Code and ISPS Code and to maintain valid safety management certificates and documents of compliance at all times. Additionally, the credit facilities require compliance with the covenants contained in the indentures governing the 2019 Notes (as defined below) and the 2022 Notes (as defined below). Among other events, it will be an event of default under the credit facilities if the financial covenants are not complied with or if Angeliki Frangou and her affiliates, together, own less than 20% of the outstanding share capital of Navios Holdings.
Covenant compliance	As of June 30, 2015, the Company was in compliance with all of the covenants under each of its credit facilities.
2019 Notes
Debt Instrument [Line Items]
Repayment terms	The 2019 Co-Issuers have the option to redeem the 2019 Notes in whole or in part, at any time on or after February 15, 2015, at a fixed price of 104.063% of the principal amount, which price declines ratably until it reaches par in 2017, plus accrued and unpaid interest, if any. In addition, upon the occurrence of certain change of control events, the holders of the 2019 Notes will have the right to require the 2019 Co-Issuers to repurchase some or all of the 2019 Notes at 101% of their face amount, plus accrued and unpaid interest to the repurchase date.
Covenant description	The 2019 Notes contain covenants which, among other things, limit the incurrence of additional indebtedness, issuance of certain preferred stock, the payment of dividends, redemption or repurchase of capital stock or making restricted payments and investments, creation of certain liens, transfer or sale of assets, entering in transactions with affiliates, merging or consolidating or selling all or substantially all of the 2019 Co-Issuers' properties and assets and creation or designation of restricted subsidiaries. The 2019 Co-Issuers were in compliance with the covenants as of June 30, 2015.
2022 Notes
Debt Instrument [Line Items]
Repayment terms	The guarantees of the Company's subsidiaries that own mortgage vessels are senior secured guarantees and the guarantees of the Company's subsidiaries that do not own mortgage vessels are senior unsecured guarantees. In addition, the 2022 Co-Issuers have the option to redeem the 2022 Notes in whole or in part, at any time (i) before January 15, 2017, at a redemption price equal to 100% of the principal amount plus a make whole price which is based on a formula calculated using a discount rate of treasury bonds plus 50 basis points, and (ii) on or after January 15, 2017, at a fixed price of 105.531%, which price declines ratably until it reaches par in 2020.
Covenant description	Furthermore, upon occurrence of certain change of control events, the holders of the 2022 Notes may require the 2022 Co-Issuers to repurchase some or all of the notes at 101% of their face amount. The 2022 Notes contain covenants, which among other things, limit the incurrence of additional indebtedness, issuance of certain preferred stock, the payment of dividends, redemption or repurchase of capital stock or making restricted payments and investments, creation of certain liens, transfer or sale of assets, entering into certain transactions with affiliates, merging or consolidating or selling all or substantially all of the 2022 Co-Issuers' properties and assets and creation or designation of restricted subsidiaries. The 2022 Co-Issuers were in compliance with the covenants as of June 30, 2015.
2022 Senior Notes | Navios Logistics
Debt Instrument [Line Items]
Repayment terms	The Logistics Co-Issuers have the option to redeem the 2022 Logistics Senior Notes in whole or in part, at their option, at any time (i) before May 1, 2017, at a redemption price equal to 100% of the principal amount plus the applicable make-whole premium plus accrued and unpaid interest, if any, to the redemption date and (ii) on or after May 1, 2017, at a fixed price of 105.438%, which price declines ratably until it reaches par in 2020. At any time before May 1, 2017, the Logistics Co-Issuers may redeem up to 35% of the aggregate principal amount of the 2022 Logistics Senior Notes with the net proceeds of an equity offering at 107.250% of the principal amount of the 2022 Logistics Senior Notes, plus accrued and unpaid interest, if any, to the redemption date so long as at least 65% of the originally issued aggregate principal amount of the 2022 Logistics Senior Notes remains outstanding after such redemption. In addition, upon the occurrence of certain change of control events, the holders of the 2022 Logistics Senior Notes will have the right to require the Logistics Co-Issuers to repurchase some or all of the 2022 Logistics Senior Notes at 101% of their face amount, plus accrued and unpaid interest to the repurchase date.
Covenant description	The indenture governing the 2022 Logistics Senior Notes contains covenants which, among other things, limit the incurrence of additional indebtedness, issuance of certain preferred stock, the payment of dividends in excess of 6% per annum of the net proceeds received by or contributed to Navios Logistics in or from any public offering, redemption or repurchase of capital stock or making restricted payments and investments, creation of certain liens, transfer or sale of assets, entering into transactions with affiliates, merging or consolidating or selling all or substantially all of Navios Logistics properties and assets and creation or designation of restricted subsidiaries.
Covenant compliance	The 2022 Logistics Co-Issuers were in compliance with the covenants as of June 30, 2015.

Borrowings - Additional Informa

Borrowings - Additional Information (Details)	Jun. 30, 2015	Jun. 30, 2014
Three Months Ended
Annual weighted average interest rate	7.08%	7.13%
Six Months Ended
Annual weighted average interest rate	7.04%	7.28%

Fair Value of Financial Instr48

Fair Value of Financial Instruments - Fair Value (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Financial Instruments Owned At Fair Value [Abstract]
Cash and cash equivalents - Book Value	$ 180,366	$ 247,556	$ 232,435	$ 187,831
Cash and cash equivalents - Fair Value	180,366	247,556
Restricted cash - Book Value	906	2,564	$ 2,631
Restricted cash - Fair Value	906	2,564
Investments in available-for-sale securities - Book Value	6,261	6,701
Investments in available-for-sale securities - Fair Value	6,261	6,701
Loan receivable from affiliate companies - Book Value	11,464	7,791
Loan receivable from affiliate companies - Fair Value	11,464	7,791
Long-term receivable from affiliate companies - Book Value	0	9,625
Long-term receivable from affiliate companies - Fair Value	0	9,625
Capital lease obligations, including current portion - Book Value	(21,441)	(22,360)
Capital lease obligations, including current portion - Fair Value	(21,441)	(22,360)
Senior and ship mortgage notes, net - Book Value	(1,349,023)	(1,347,316)
Senior and ship mortgage notes, net - Fair Value	(1,206,689)	(1,300,021)
Long-term debt, including current portion - Book Value	(235,000)	(265,574)
Long-term debt, including current portion - Fair Value	$ (238,560)	$ (269,582)

Fair Value of Financial Instr49

Fair Value of Financial Instruments - Recurring Measurements (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments in available-for-sale securities	$ 6,261	$ 6,701
Total	6,261	6,701
Quoted Prices in Active Markets for Identical Assets (Level I)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments in available-for-sale securities	6,261	6,701
Total	$ 6,261	$ 6,701

Fair Value of Financial Instr50

Fair Value of Financial Instruments - Non-Recurring Measurements (Table) (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash and cash equivalents		$ 180,366	$ 247,556
Restricted cash		906	2,564
Loan receivable from affiliate companies		11,464	7,791
Long-term receivable from affiliate companies		0	9,625
Senior and ship mortgage notes		(1,206,689)	(1,300,021)
Capital lease obligations, including current portion		(21,441)	(22,360)
Long-term debt, including current portion		(238,560)	(269,582)
(Level I)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash and cash equivalents		180,366	247,556
Restricted cash		906	2,564
Senior and ship mortgage notes		(1,206,689)	(1,300,021)
(Level II)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Loan receivable from affiliate companies	[1]	11,464	7,791
Long-term receivable from affiliate companies	[1]		9,625
Capital lease obligations, including current portion	[2]	(21,441)	(22,360)
Long-term debt, including current portion	[2]	$ (238,560)	$ (269,582)
[1]	The fair value of the Company's loan receivable from affiliate companies and long-term receivable from affiliate companies is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as after taking into account the counterparty's creditworthiness.
[2]	The fair value of the Company's long-term debt is estimated based on currently available debt with similar contract terms, interest rates and remaining maturities, published quoted market prices as well as taking into account the Company's creditworthiness.

Commitments and Contingencies -

Commitments and Contingencies - Navios Holdings Future Minimum Commitments for Chartered-In Vessels, Barges and Pushboats (Table) (Details) $ in Thousands	Jun. 30, 2015USD ($)
Other Commitments [Line Items]
June 30, 2016	$ 91,894
June 30, 2017	92,549
June 30, 2018	93,932
June 30, 2019	85,681
June 30, 2020	79,256
June 30, 2021 and thereafter	213,050
Total	656,362
In operation
Other Commitments [Line Items]
June 30, 2016	90,096
June 30, 2017	74,833
June 30, 2018	70,627
June 30, 2019	62,376
June 30, 2020	55,887
June 30, 2021 and thereafter	100,283
Total	454,102
To be delivered
Other Commitments [Line Items]
June 30, 2016	1,798
June 30, 2017	17,716
June 30, 2018	23,305
June 30, 2019	23,305
June 30, 2020	23,369
June 30, 2021 and thereafter	112,767
Total	$ 202,260

Commitments and Contingencies52

Commitments and Contingencies - Navios Holdings Future Minimum Commitments for Newbuildings and Navios Logistics Future Minimum Commitments (Table) (Details) $ in Thousands	Jun. 30, 2015USD ($)
Drybulk Vessels
Future minimum commitments
June 30, 2016	$ 62,850
Total	62,850
Navios Logistics
Future minimum commitments
June 30, 2016	27,418
Total	$ 27,418

Commitments and Contingencies53

Commitments and Contingencies (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Letters of guarantee and letters of credit	$ 590	$ 590
Guarantees	Navios Logistics has issued a guarantee and indemnity letter that guarantees the performance by Petrolera San Antonio S.A. of all its obligations to Vitol S.A. up to $12,000. This guarantee expires on March 1, 2016.
Navios Logistics obligation related to the acquisition of one company
Contractual Obligation	$ 13,777
Navios Logistics obligation related to the acquisition of another company
Contractual Obligation	6,800
Navios Logistics obligation related to the acquisition of one pushboat
Contractual Obligation	1,160
Navios Logistics obligation related to the acquisition of three liquid barges
Contractual Obligation	$ 5,681

Transactions with Related Par54

Transactions with Related Parties (Details) € in Thousands, $ in Thousands	3 Months Ended		5 Months Ended	6 Months Ended			10 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	May. 31, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2015EUR (€)	Jun. 30, 2014USD ($)	Nov. 11, 2014USD ($)	Feb. 18, 2015	Dec. 31, 2014USD ($)	Oct. 09, 2013	Dec. 31, 2012USD ($)
Annual lease payments of office				$ 1,052	€ 943
Due from affiliate, total	$ 17,119			17,119					$ 33,400
Due from affiliate, current	17,799			17,799					27,196
Due from affiliate companies, non-current	0			0					9,625
Due to affiliate companies, current	3,930			3,930					0
Deferred gain recognized in Statement of Comprehensive Income	17,968	$ 7,079		31,880		$ 29,497
Amount outstanding	238,134			238,134					269,123
Loan receivable from affiliate companies	11,464			11,464					7,791
Long-term debt	1,584,023	1,624,712		1,584,023		1,624,712
Navios Partners Agreement
Maximum payout of company under Navios Partner's guarantee											$ 20,000
Amount of future charter payments covered by guarantee	0			0
General and administrative fees	1,505	1,500		3,105		2,986
Navios Acquisition Agreement
General and administrative fees	1,935	1,803		$ 3,861		3,498
Navios Logistics Agreement
Administrative services agreement duration				5	5
General and administrative fees	190	190		$ 380		380
Navios Europe I Agreement
Administrative services agreement duration				6	6
General and administrative fees	201	201		$ 397		397
Navios Midstream Agreement
Administrative services agreement duration				5	5
General and administrative fees	214	0		$ 414		0
Navios Europe II Agreement
Administrative services agreement duration				6	6
General and administrative fees	27	0		$ 27		0
Acropolis
Commisions paid	2	0		6		0
Trade accounts payable	81			81					78
Dividends received	0	271		0		271
Navios Partners
Due from affiliate, current	16,169			16,169					1,575
Unamortized deferred gain for vessels and rights sold	14,831			14,831					16,301
Deferred gain recognized in Statement of Comprehensive Income	735	735		$ 1,470		3,808
Face amount of credit facility			$ 60,000
Maximum borrowing capacity			$ 60,000
Interest rate description				LIBOR	LIBOR
Interest rate percentage			3.00%
Amount outstanding	0			$ 0
Debt instrument maturity date				Jan. 2, 2017	Jan. 2, 2017
Available amount of loan facility	$ 60,000			$ 60,000
Ownership percentage	20.10%			20.10%
Navios Acquisition
Due from affiliate, current	$ 950			$ 950					22,138
Due from affiliate companies, non-current	0			0					9,625
Face amount of credit facility	40,000			40,000
Maximum borrowing capacity	40,000			$ 40,000			$ 200,000
Interest rate description				LIBOR	LIBOR
Interest rate percentage				3.00%	3.00%		6.00%
Arrangement fee							$ 4,000
Credit facility outstanding amount	0			$ 0
Debt instrument maturity date				Dec. 31, 2015	Dec. 31, 2015		Dec. 29, 2014
Navios Midstream
Due from affiliate, current	0			$ 0					62
Due to affiliate companies, current	3,799			$ 3,799					0
Description of the option to acquire Navios Midstream				Navios Holdings entered into an option agreement, with Navios Acquisition under which Navios Acquisition, which owns and controls Navios Midstream GP LLC, granted Navios Holdings the option to acquire a minimum of 25% of the outstanding membership interests in Navios Maritime Midstream GP LLC and the incentive distribution rights in Navios Midstream representing the right to receive an increasing percentage of the quarterly distributions when certain conditions are met. The option shall expire on November 18, 2024. The purchase price for the acquisition for all or part of the option interest shall be an amount equal to its fair market value. As of June 30, 2015, Navios Holdings had not exercised any part of that option.	Navios Holdings entered into an option agreement, with Navios Acquisition under which Navios Acquisition, which owns and controls Navios Midstream GP LLC, granted Navios Holdings the option to acquire a minimum of 25% of the outstanding membership interests in Navios Maritime Midstream GP LLC and the incentive distribution rights in Navios Midstream representing the right to receive an increasing percentage of the quarterly distributions when certain conditions are met. The option shall expire on November 18, 2024. The purchase price for the acquisition for all or part of the option interest shall be an amount equal to its fair market value. As of June 30, 2015, Navios Holdings had not exercised any part of that option.
Navios Europe I
Due from affiliate, total	886			$ 886					4,087
Due from affiliate, current									3,421
Due from affiliate companies, non-current	1,017			1,017					666
Due to affiliate companies, current	131			131
Deferred gain recognized in Statement of Comprehensive Income	399	$ 311		$ 560		$ 462
Ownership percentage										47.50%
Navios Europe I | Navios Revolving Loans
Interest rate percentage				1.27%	1.27%
Available amount of loan facility	4,323			$ 4,323
Loan receivable from affiliate companies	7,125			7,125					7,125
Navios Europe I | Navios Holdings, Acquisition, Partners | Navios Revolving Loans
Available amount of loan facility	9,100			9,100
Navios Europe II
Due from affiliate, total	712			712					0
Due from affiliate, current	680			680					0
Due from affiliate companies, non-current	33			33					0
Deferred gain recognized in Statement of Comprehensive Income	33			$ 33
Ownership percentage								47.50%
Navios Europe II | Navios Revolving Loans
Interest rate percentage				1.80%	1.80%
Available amount of loan facility	14,998			$ 14,998
Loan receivable from affiliate companies	3,289			3,289					$ 0
Navios Europe II | Navios Term Loans II
Available amount of loan facility	2,375			2,375
Navios Europe II | Navios Holdings, Acquisition, Partners | Navios Revolving Loans
Available amount of loan facility	31,575			31,575
Navios Europe II | Navios Holdings, Acquisition, Partners | Navios Term Loans II
Available amount of loan facility	$ 5,000			$ 5,000

Transactions with Related Par55

Transactions with Related Parties - Vessels Charter Hire and Management Fees (Details)	3 Months Ended		5 Months Ended	6 Months Ended		12 Months Ended	24 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	May. 28, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2013USD ($)	May. 31, 2016USD ($)
Terms of reimbursement of fees and expenses under the management agreement				Effective March 30, 2012, Navios Acquisition can, upon request to Navios Holdings, partially or fully defer the reimbursement of drydocking and other extraordinary fees and expenses under the management agreement to a later date, but not later than January 5, 2016, and if reimbursed on a later date, such amounts will bear interest at a rate of 1% per annum over LIBOR. Commencing September 28, 2012, Navios Acquisition can, upon request, reimburse Navios Holdings partially or fully for any fixed management fees outstanding for a period of not more than nine months under the management agreement at a later date, but not later than January 5, 2016, and if reimbursed on a later date, such amounts will bear interest at a rate of 1% per annum over LIBOR.
All ships
Voyage expenses	$ 8,778,000	$ 6,416,000		$ 14,919,000	$ 12,761,000
Navios Europe I - Tanker and Container Vessel
Annual fee received	4,978,000	4,861,000		$ 10,247,000	9,299,000
Management services agreement duration				6
Navios Midstream VLCC
Daily management fee				$ 9,500
Annual fee received	3,705,000	0		$ 7,125,000	0
Management services agreement duration				5
Navios Apollon
Lease term in years				2 years
Charter hire daily rate				$ 12,500
Terms of settlement of related party transaction				In February 2012, the Company chartered-in from Navios Partners the Navios Apollon, a 2000-built Ultra-Handymax vessel. The term of this charter was approximately two years at a net daily rate of $12.5 for the first year and $13.5 for the second year, plus 50/50 profit sharing based on actual earnings. In January 2014, the Company extended this charter for approximately six months at a net daily rate of $13.5 plus 50/50 profit sharing based on actual earnings and in October 2014, the Company further extended this charter for approximately one year at a net daily rate of $12.5 plus 50/50 profit sharing based on actual earnings. In April 2015, this charter was further extended for approximately one year at a net daily rate of $12.5 plus 50/50 profit sharing based on actual earnings at the end of the period. Any adjustment by the charterers for hire expense/loss will be settled accordingly at the end of the charter period.
Vessel Year Built				2,000
Vessel Type				Ultra-Handymax
Navios Prosperity
Lease term in years				1 year with two six-month extension options
Charter hire daily rate				$ 12,000
Terms of settlement of related party transaction				In May 2012, the Company chartered-in from Navios Partners the Navios Prosperity, a 2007-built Panamax vessel. The term of this charter was approximately one year with two six-month extension options granted to the Company, at a net daily rate of $12.0 plus profit sharing. In April 2014, the Company extended this charter for approximately one year and the owners will receive 100% of the first $1.5 in profits above the base rate, and thereafter all profits will be split 50/50 to each party. Effective from March 5, 2015, Navios Holdings and Navios Partners entered into a novation agreement with the respective owners of Navios Prosperity whereby the rights to the time charter contracts of the Navios Prosperity were transferred to Navios Holdings. On July 2, 2015, Navios Prosperity was redelivered to headowners.
Vessel Year Built				2,007
Vessel Type				Panamax
Navios Libra
Lease term in years				3 years
Charter hire daily rate				$ 12,000
Terms of settlement of related party transaction				In September 2012, the Company chartered-in from Navios Partners the Navios Libra, a 1995-built Panamax vessel. The term of this charter is approximately three years at a net daily rate of $12.0 plus 50/50 profit sharing based on actual earnings. In April 2015, this charter was further extended for approximately one year at a net daily rate of $12.0 plus 50/50 profit sharing based on actual earnings, at the end of the period. Any adjustment by the charterers for hire expense/loss will be settled accordingly at the end of the charter period.
Vessel Year Built				1,995
Vessel Type				Panamax
Navios Felicity
Lease term in years				1 year with two six-month extension options
Charter hire daily rate				$ 12,000
Terms of settlement of related party transaction				In May 2013, the Company chartered-in from Navios Partners the Navios Felicity, a 1997-built Panamax vessel. The term of this charter is approximately one year, at a net daily rate of $12.0 plus profit sharing, with two six-month extension options granted to the Company. The owners will receive 100% of the first $1.5 in profits above the base rate, and thereafter all profits will be split 50/50 to each party. In February 2014, the Company exercised its first option to extend this charter, and in August 2014, the Company exercised its second option. In April 2015, this charter was further extended for approximately one year at a net daily rate of $12,000 plus 50/50 profit sharing based on actual earnings, at the end of the period. Any adjustment by the charterers for hire expense/loss will be settled accordingly at the end of the charter period.
Vessel Year Built				1,997
Vessel Type				Panamax
Navios Aldebaran
Lease term in years				6 months with a six-month extension option
Charter hire daily rate				$ 11,000
Terms of settlement of related party transaction				In May 2013, the Company chartered-in from Navios Partners the Navios Aldebaran, a 2008-built Panamax vessel, for six months, at a net daily rate of $11.0 plus profit sharing, with a six-month extension option. In December 2013, the Company exercised its option to extend this charter. The owners will receive 100% of the first $2.5 in profits above the base rate, and thereafter all profits will be split 50/50 to each party. In July 2014, the Company further extended this charter for approximately six to nine months. Effective from February 28, 2015, Navios Holdings and Navios Partners entered into a novation agreement with the respective owners of Navios Aldebaran whereby the rights to the time charter contracts of the Navios Aldebaran were transferred to Navios Holdings.
Vessel Year Built				2,008
Vessel Type				Panamax
Navios Hope
Lease term in years				1 year
Charter hire daily rate				$ 10,000
Terms of settlement of related party transaction				In July 2013, the Company chartered-in from Navios Partners the Navios Hope, a 2005-built Panamax vessel. The term of this charter was approximately one year at a net daily rate of $10.0. In December 2013, the Company extended this charter for approximately another six months and in January 2015, the Company extended this charter for approximately one year at a net daily rate of $10.0 plus 50/50 profit sharing based on actual earnings. Any adjustment by the Company for hire expense/loss will be settled accordingly at the end of the charter period.
Vessel Year Built				2,005
Vessel Type				Panamax
Navios Pollux
Lease term in years				1 year
Charter hire daily rate				$ 11,400
Terms of settlement of related party transaction				In February 2015, the Company chartered-in from Navios Partners the Navios Pollux, a 2009-built Capesize vessel. The term of this charter is approximately twelve months at a daily rate of $11.4 net per day plus 50/50 profit sharing based on actual earnings. Any adjustment by the Company for hire expense/loss will be settled accordingly at the end of the charter period.
Vessel Year Built				2,009
Vessel Type				Capesize
Navios Gemini
Lease term in years				9 months
Charter hire daily rate				$ 7,600
Terms of settlement of related party transaction				In March 2015, the Company chartered-in from Navios Partners the Navios Gemini, a 1994-built Panamax vessel. The term of this charter is approximately nine months at a net daily rate of $7.6 plus 50/50 profit sharing based on actual earnings. Any adjustment by the Company for hire expense/loss will be settled accordingly at the end of the charter period.
Vessel Year Built				1,994
Vessel Type				Panamax
Navios Fantastiks
Charter hire daily rate				$ 12,500
Terms of settlement of related party transaction				In April 2015, the Company chartered-in from Navios Partners the Navios Fantastiks. The terms of this charter is approximately at a net daily rate of $12.5 plus 50% profit sharing on actual results at the end of the charter period. Any adjustment by the Company for hire expense/loss will be settled accordingly at the end of the charter period.
Navios Sun, Navios Orbiter, Navios Soleil, Navios Alegria, Navios Harmony and Navios Hyperion
Charter hire daily rate				$ 12,000
Terms of settlement of related party transaction				In April 2015, the Company chartered-in from Navios Partners the Navios Sun, the Navios Orbiter, the Navios Soleil, the Navios Alegria, the Navios Harmony and the Navios Hyperion. The terms of these charters are at a net daily rate of $12.0 plus 50% profit sharing on actual results at the end of the charter period. Any adjustment by the Company for hire expense/loss will be settled accordingly at the end of the charter period.
Navios Partners' Ultra-Handymax vessel
Daily management fee				$ 4,000		$ 4,700
Navios Partners' Panamax vessel
Daily management fee				4,100		4,600
Navios Partners' Capesize vessel
Daily management fee				5,100		$ 5,700
Navios Partners container vessel of 6,800 TEU
Daily management fee				6,500
Navios Partners container vessel more than 8,000 TEU
Daily management fee				7,200
Navios Partners container vessel more than 13,000 TEU
Daily management fee				8,500
Navios Partners' Ultra-Handymax, Panamax, Capesize and Container vessel
Annual fee received	14,141,000	12,240,000		27,542,000	24,244,000
Navios Acquisition's MR2 product tanker and chemical tanker vessel
Daily management fee			$ 6,000				$ 6,000
Fixed drydocking expenses			300,000
Navios Acquisition's LR1 product tanker vessel
Daily management fee			7,000
Fixed drydocking expenses			300,000
Navios Acquisition's VLCC vessel
Daily management fee			$ 10,000				$ 9,500
Navios Acquisition's MR2, LR1 and VLCC vessel
Annual fee received	24,293,000	23,787,000		48,335,000	46,087,000
Navios Europe II - Dry Bulker and Container Vessels
Annual fee received	$ 437,000	$ 0		$ 437,000	$ 0
Management services agreement duration				6

Preferred and Common Stock (Det

Preferred and Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended			11 Months Ended
	Jan. 28, 2014	Jun. 30, 2015	Jul. 08, 2014	Jun. 30, 2014	Dec. 15, 2014	Dec. 31, 2014
Exercised number of shares		0		141,839
Total amount of shares issued		$ 0		$ 638
Number of restricted common stock issued to employees					1,151,052
Vested restricted stock units		15,000		25,120
Forfeited restricted shares		2,223		4,625
Preferred stock shares outstanding		74,229				75,069
Common stock shares outstanding		107,835,547				105,831,718
Preferred units conversion price		$ 10
Common stock issued upon conversion		840,000
Conversion terms of preferred stock		The shares of convertible preferred stock were converted pursuant to their original terms, which provided that five years after the issuance date of the convertible preferred stock, 30% of the then-outstanding shares of preferred stock shall automatically convert into shares of common stock determined by dividing the amount of the liquidation preference ($10,000 per share) by a conversion price equal to $10.00 per share of common stock.
American Depositary Shares
Sale of stock - Redemption terms		Each of the shares represents 1/100th of a share of the Series G and H, with a liquidation preference of $2,500.00 per share ($25.00 per American Depositary Share). Dividends are payable quarterly in arrears on the Series G at a rate of 8.75% per annum and on the Series H at a rate of 8.625% per annum of the stated liquidation preference. The Company has accounted for these shares as equity.
American Depositary Shares - Series G
Preferred stock shares outstanding		20,000				20,000
Number of shares	2,000,000
Sale of stock - Redemption price per share	$ 2,500
Preferred stock dividend rate percentage	8.75%
Sale of stock - Net proceeds	$ 47,846
American Depositary Shares - Series H
Preferred stock shares outstanding		48,000				48,000
Number of shares			4,800,000
Sale of stock - Redemption price per share			$ 2,500
Preferred stock dividend rate percentage			8.625%
Sale of stock - Net proceeds			$ 115,756
Convertible preferred stock
Preferred stock shares outstanding		6,229				7,069
Preferred stock converted into common shares		840

Other (Expense)_Income, Net (De

Other (Expense)/Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other (expense)/income, net	$ (3,321)	$ (7,481)		$ (5,235)	$ (5,415)
Defaulted counterparty
Other (expense)/income, net					7,203
Navios Logistics
Other (expense)/income - taxes other than income taxes				$ 6,419	$ 4,681
Default credit insurance policy
Insurance recoveries			$ 4,044
Within the caption of 'Other (expense)/income, net'
Insurance recoveries			$ 3,551

Segment Information (Table) (De

Segment Information (Table) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Revenue	$ 119,839	$ 145,408	$ 238,119	$ 267,599
Administrative fee revenue from affiliates	3,882	3,502	7,804	6,881
Interest income/expense and finance cost, net	(27,838)	(28,521)	(55,876)	(56,567)
Depreciation and amortization	(27,479)	(25,828)	(48,684)	(51,502)
Equity in net earnings of affiliated companies	17,968	7,079	31,880	29,497
Net (loss)/income attributable to Navios Holdings common stockholders	(24,813)	(36,680)	(51,491)	(34,627)
Total assets	2,985,184	3,077,037	2,985,184	3,077,037	$ 3,127,697
Goodwill	160,336	160,336	160,336	160,336	160,336
Capital expenditures	(6,964)	(81,196)	(11,202)	(128,040)
Investments in affiliates	371,405	340,375	371,405	340,375	344,453
Cash and cash equivalents	180,366	232,435	180,366	232,435	247,556	$ 187,831
Restricted cash	906	2,631	906	2,631	$ 2,564
Long-term debt (including current and non-current portion)	1,584,023	1,624,712	1,584,023	1,624,712
Drybulk Vessel Operations
Segment Reporting Information [Line Items]
Revenue	53,583	75,440	106,801	152,033
Administrative fee revenue from affiliates	3,882	3,502	7,804	6,881
Interest income/expense and finance cost, net	(21,103)	(21,075)	(42,328)	(42,405)
Depreciation and amortization	(20,888)	(19,847)	(35,626)	(39,454)
Equity in net earnings of affiliated companies	17,968	7,079	31,880	29,497
Net (loss)/income attributable to Navios Holdings common stockholders	(30,820)	(22,999)	(58,025)	(20,833)
Total assets	2,382,752	2,472,563	2,382,752	2,472,563
Goodwill	56,240	56,240	56,240	56,240
Capital expenditures	(480)	(54,617)	(2,276)	(89,300)
Investments in affiliates	371,405	340,375	371,405	340,375
Cash and cash equivalents	108,346	116,049	108,346	116,049
Restricted cash	906	2,631	906	2,631
Long-term debt (including current and non-current portion)	1,216,896	1,249,218	1,216,896	1,249,218
Logistics Business
Segment Reporting Information [Line Items]
Revenue	66,256	69,968	131,318	115,566
Administrative fee revenue from affiliates	0	0	0	0
Interest income/expense and finance cost, net	(6,735)	(7,446)	(13,548)	(14,162)
Depreciation and amortization	(6,591)	(5,981)	(13,058)	(12,048)
Equity in net earnings of affiliated companies	0	0	0	0
Net (loss)/income attributable to Navios Holdings common stockholders	6,007	(13,681)	6,534	(13,794)
Total assets	602,432	604,474	602,432	604,474
Goodwill	104,096	104,096	104,096	104,096
Capital expenditures	(6,484)	(26,579)	(8,926)	(38,740)
Investments in affiliates	0	0	0	0
Cash and cash equivalents	72,020	116,386	72,020	116,386
Restricted cash	0	0	0	0
Long-term debt (including current and non-current portion)	$ 367,127	$ 375,494	$ 367,127	$ 375,494

Loss Per Common Share (Table) (

Loss Per Common Share (Table) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator:
Net loss attributable to Navios Holdings common stockholders	$ (24,813)	$ (36,680)	$ (51,491)	$ (34,627)
Less:
Dividend on Preferred Stock and on unvested restricted shares	(4,093)	(1,573)	(8,166)	(2,800)
Loss available to Navios Holdings common stockholders, basic	(28,906)	(38,253)	(59,657)	(37,427)
Loss available to Navios Holdings common stockholders, diluted	$ (28,906)	$ (38,253)	$ (59,657)	$ (37,427)
Denominator:
Denominator for basic net loss per share attributable to Navios Holdings common stockholders - weighted average shares	105,401,820	102,947,944	105,251,590	102,718,368
Denominator for diluted net loss per share attributable to Navios Holdings common stockholders - adjusted weighted average shares and assumed conversions	105,401,820	102,947,944	105,251,590	102,718,368
Basic net losses per share attributable to Navios Holdings common stockholders	$ (0.27)	$ (0.37)	$ (0.57)	$ (0.36)
Diluted net losses per share attributable to Navios Holdings common stockholders	$ (0.27)	$ (0.37)	$ (0.57)	$ (0.36)

Loss Per Common Share (Details)

Loss Per Common Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Common shares
Shares with anti-dilutive effect, not included in calculation of earnings per share	1,881,641	3,692,158	1,775,306	4,010,213
Convertible Preferred Stock
Shares with anti-dilutive effect, not included in calculation of earnings per share	6,970,758	8,472,835	6,988,379	8,475,918

Investment in Affiliates and 61

Investment in Affiliates and Available-for-Sale Securities (Table) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Navios Partners
Balance sheet
Current assets	$ 63,079		$ 63,079		$ 115,197
Non-current assets	1,342,545		1,342,545		1,223,512
Current liabilities	49,248		49,248		30,072
Non-current liabilities	587,619		587,619		559,539
Income Statement
Revenue	56,473	$ 55,178	113,259	$ 112,676
Net income/(loss)	11,355	29,985	22,234	48,346
Navios Acquisition
Balance sheet
Current assets	113,923		113,923		89,528
Non-current assets	1,556,375		1,556,375		1,603,944
Current liabilities	54,663		54,663		71,598
Non-current liabilities	1,084,232		1,084,232		1,122,623
Income Statement
Revenue	80,408	62,242	159,019	123,211
Net income/(loss)	26,362	(2,804)	46,396	(15,622)
Navios Europe I
Balance sheet
Current assets	12,304		12,304		13,764
Non-current assets	184,830		184,830		190,638
Current liabilities	14,250		14,250		15,649
Non-current liabilities	190,675		190,675		$ 191,744
Income Statement
Revenue	10,765	8,450	19,860	17,109
Net income/(loss)	$ (1,069)	$ (2,632)	$ (4,800)	$ (5,063)

Investment in Affiliates and 62

Investment in Affiliates and Available-for-Sale Securities (Details) - USD ($) $ / shares in Units, $ in Thousands	2 Months Ended		3 Months Ended		6 Months Ended		7 Months Ended	8 Months Ended
	Feb. 28, 2015	Feb. 28, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jul. 31, 2015	Aug. 21, 2015	Dec. 31, 2014
Schedule Of Equity Method Investments [Line Items]
Payments to acquire common stock					$ 20,471	$ 2,233
Common stock shares outstanding			107,835,547		107,835,547				105,831,718
Proceeds from issuance of common stock					$ 0	638
Equity in net earnings of affiliated companies			$ 17,968	$ 7,079	31,880	29,497
Investments in affiliates			$ 371,405	340,375	371,405	340,375			$ 344,453
Dividends received					$ 7,298	7,298
Navios Partners
Schedule Of Equity Method Investments [Line Items]
General Partner Interest					2.00%
Gain/(loss) from the sale of shares by the equity method					$ 0	11,230
Common stock shares outstanding			15,344,310		15,344,310
General partners units outstanding			1,695,509		1,695,509
Ownership percentage			20.10%		20.10%
Difference between carrying amount of investment and underlying equity in net assets of equity method investee			$ 34,507		$ 34,507				35,745
Equity in net earnings of affiliated companies			4,097	7,784	8,170	28,074
Investments in affiliates			121,036		121,036				114,387
Dividends received			8,124	7,536	16,248	14,971		$ 8,124
Market value of the investment			$ 182,326		$ 182,326
Acropolis
Schedule Of Equity Method Investments [Line Items]
Ownership percentage			35.00%		35.00%
Investments in affiliates			$ 682		$ 682				525
Dividends received			0	271	$ 0	271
Profit Sharing Arrangement					Navios Holdings has a 50% interest in Acropolis, a brokerage firm for freight and shipping charters. Although Navios Holdings owns 50% of Acropolis' stock, Navios Holdings agreed with the other shareholder that the earnings and amounts declared by way of dividends will be allocated 35% to the Company with the balance to the other shareholder.
Navios Acquisition
Schedule Of Equity Method Investments [Line Items]
Gain/(loss) from the sale of shares by the equity method			0	0	$ 0	6,193
Difference between carrying amount of investment and underlying equity in net assets of equity method investee			1,777		1,777				1,293
Equity in net earnings of affiliated companies			13,426	(1,190)	22,961	619
Investments in affiliates			240,245		240,245				$ 224,582
Dividends received			3,649	$ 3,649	7,298	$ 7,298	$ 3,649
Market value of the investment			$ 261,988		$ 261,988
Navios Partners
Schedule Of Equity Method Investments [Line Items]
Units issued in public offering	4,600,000	6,325,000
Payments to acquire common stock		$ 2,233
Unit price	$ 13.09
Proceeds from private placement of units to Navios Holdings	$ 14,967
Proceeds from issuance of common limited partners units		$ 60,214
Ownership percentage			20.00%		20.00%
Navios Partners | Common units
Schedule Of Equity Method Investments [Line Items]
Private placement of units to Navios Holdings	1,120,547
Navios Partners | General partner units
Schedule Of Equity Method Investments [Line Items]
Private placement of units to Navios Holdings	22,868
Navios Partners | Private placement
Schedule Of Equity Method Investments [Line Items]
Unit price	$ 13.09
Navios Acquisition
Schedule Of Equity Method Investments [Line Items]
Shares issued in public offering		14,950,000

Investment in Affiliates and 63

Investment in Affiliates and Available-for-Sale Securities - Navios Europe I and Navios Europe II (Details) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Oct. 09, 2013USD ($)	Dec. 31, 2014USD ($)	Feb. 18, 2015	Dec. 18, 2013USD ($)
Investments In And Advances To Affiliates [Line Items]
Long-term debt	$ 1,584,023	$ 1,584,023	$ 1,624,712	$ 1,584,023	$ 1,624,712
Investments in affiliates	371,405	371,405	340,375	371,405	340,375		$ 344,453
Portion of the carrying balance of related party loan	$ 11,464	11,464		11,464			7,791
Equity in net earnings of affiliated companies		$ 17,968	7,079	31,880	29,497
Proceeds from long-term loans				$ 0	40,385
Navios Acquisition
Investments In And Advances To Affiliates [Line Items]
Ownership percentage	46.10%	46.10%		46.10%
Navios Partners
Investments In And Advances To Affiliates [Line Items]
Ownership percentage	20.10%	20.10%		20.10%
Navios Europe I
Investments In And Advances To Affiliates [Line Items]
Estimated maximum potential loss				$ 14,482			13,415
Investments in affiliates	$ 5,145	$ 5,145		5,145			4,936
Equity in net earnings of affiliated companies		399	$ 311	560	$ 462
Investments in affiliates	6,163	6,163		$ 6,163			5,602
Profit Sharing Arrangement				On an ongoing basis, Navios Europe I is required to distribute cash flows (after payment of operating expenses and amounts due pursuant to the terms of the Senior Loans I) according to a defined waterfall calculation.
Ownership percentage						47.50%
Navios Europe I | Navios Acquisition
Investments In And Advances To Affiliates [Line Items]
Ownership percentage						47.50%
Navios Europe I | Navios Partners
Investments In And Advances To Affiliates [Line Items]
Ownership percentage						5.00%
Navios Europe I | Navios Revolving Loans
Investments In And Advances To Affiliates [Line Items]
Portion of the carrying balance of related party loan	8,319	8,319		$ 8,319			$ 7,813
Navios Europe II
Investments In And Advances To Affiliates [Line Items]
Estimated maximum potential loss				7,624
Investments in affiliates	4,275	4,275		4,275
Equity in net earnings of affiliated companies		33		33
Investments in affiliates	4,308	4,308		$ 4,308
Profit Sharing Arrangement				On an ongoing basis, Navios Europe II is required to distribute cash flows (after payment of operating expenses, amounts due pursuant to the terms of the Senior LoansII) according to a defined waterfall calculation.
Ownership percentage								47.50%
Navios Europe II | Navios Acquisition
Investments In And Advances To Affiliates [Line Items]
Ownership percentage								47.50%
Navios Europe II | Navios Partners
Investments In And Advances To Affiliates [Line Items]
Ownership percentage								5.00%
Navios Europe II | Navios Revolving Loans
Investments In And Advances To Affiliates [Line Items]
Portion of the carrying balance of related party loan	$ 3,316	$ 3,316		$ 3,316
Navios Europe I
Investments In And Advances To Affiliates [Line Items]
Number of vessels acquired									10
Navios Europe II
Investments In And Advances To Affiliates [Line Items]
Number of vessels acquired	9	9		9
Proceeds from long-term loans				$ 87,000
Navios Europe II | New Junior Loan II
Investments In And Advances To Affiliates [Line Items]
Debt Instrument Face Amount	$ 182,450	$ 182,450		182,450
Navios Europe II | Senior Loan $87,000
Investments In And Advances To Affiliates [Line Items]
Cash consideration	96,000
Navios Holdings, Acquisition, Partners | Navios Europe I
Investments In And Advances To Affiliates [Line Items]
Long-term debt									$ 10,000
Revolving loan facility to fund working capital requirements, outstanding						$ 24,100
Navios Holdings, Acquisition, Partners | Navios Europe II
Investments In And Advances To Affiliates [Line Items]
Long-term debt	$ 9,000	$ 9,000		9,000
Revolving loan facility to fund working capital requirements, outstanding				$ 38,500

Investment in Affiliates and 64

Investment in Affiliates and Available-for-Sale Securities - Available for Sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Schedule Of Equity Method Investments [Line Items]
Investments in available-for-sale securities	$ 6,261		$ 6,261		$ 6,701
Accumulated other comprehensive (loss)/income	(1,069)		(1,069)		$ (578)
Reclassification of accumulated other comprehensive income to net loss	$ 0	$ (11,553)	$ 0	$ (11,553)
Korea Line Corporation
Schedule Of Equity Method Investments [Line Items]
Investment held in shares	328,710		328,710		314,077
Investments in available-for-sale securities	$ 6,261		$ 6,261		$ 6,701
Reclassification of accumulated other comprehensive income to net loss				$ (11,553)
Pan Ocean Co. Ltd
Schedule Of Equity Method Investments [Line Items]
Investment held in shares	328,710		328,710		314,077
Investments in available-for-sale securities	$ 6,261		$ 6,261		$ 6,701
Korea Line Corporation and Pan Ocean Co Ltd
Schedule Of Equity Method Investments [Line Items]
Accumulated other comprehensive (loss)/income	$ (1,069)		$ (1,069)		$ 0

Other Financial Information - S

Other Financial Information - Statement of Comprehensive (Loss)/Income (Table) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Condensed Financial Statements Captions [Line Items]
Revenue	$ 119,839	$ 145,408	$ 238,119	$ 267,599
Administrative fee revenue from affiliates	3,882	3,502	7,804	6,881
Time charter, voyage and logistics business expenses	(57,856)	(63,514)	(127,790)	(114,692)
Direct vessel expenses	(35,748)	(33,840)	(66,565)	(62,168)
General and administrative expenses incurred on behalf of affiliates	(3,882)	(3,502)	(7,804)	(6,881)
General and administrative expenses	(8,668)	(9,567)	(15,479)	(20,598)
Depreciation and amortization	(27,479)	(25,828)	(48,684)	(51,502)
Loss on bond extinguishment	0	(27,281)	0	(27,281)
Other (expense)/income, net	(3,321)	(7,481)	(5,235)	(5,415)
(Loss)/income before equity in net earnings of affiliated companies	(41,071)	(50,624)	(81,510)	(70,624)
Equity in net earnings of affiliated companies	17,968	7,079	31,880	29,497
(Loss)/income before taxes	(23,103)	(43,545)	(49,630)	(41,127)
Income tax (expense)/benefit	1,695	(848)	1,843	(1,136)
Net (loss)/income	(21,408)	(44,393)	(47,787)	(42,263)
Less: Net (income)/loss attributable to the noncontrolling interest	(3,405)	7,713	(3,704)	7,636
Net (loss)/income attributable to Navios Holdings common stockholders	(24,813)	(36,680)	(51,491)	(34,627)
Other Comprehensive (loss)/income
Unrealized holding income on investments in available-for-sale securities	(213)	758	(491)	(381)
Reclassification to earnings	0	11,553	0	11,553
Total other comprehensive (loss)/income	(213)	12,311	(491)	11,172
Total comprehensive (loss)/income	(21,621)	(32,082)	(48,278)	(31,091)
Comprehensive (income)/loss attributable to noncontrolling interest	(3,405)	7,713	(3,704)	7,636
Total comprehensive (loss)/income attributable to Navios Holdings common stockholders	(25,026)	(24,369)	(51,982)	(23,455)
Navios Maritime Holdings Inc. Issuer
Condensed Financial Statements Captions [Line Items]
General and administrative expenses	(1,096)	(1,427)	(2,214)	(3,737)
Depreciation and amortization	(701)	(701)	(1,394)	(1,394)
Interest expense and finance cost, net	(19,674)	(19,643)	(39,384)	(39,336)
Other (expense)/income, net	(126)	2	(67)	(13)
(Loss)/income before equity in net earnings of affiliated companies	(21,597)	(21,769)	(43,059)	(44,480)
(Loss)/income from subsidiaries	(19,205)	(19,639)	(36,504)	(13,001)
Equity in net earnings of affiliated companies	15,989	4,729	28,072	22,854
(Loss)/income before taxes	(24,813)	(36,679)	(51,491)	(34,627)
Net (loss)/income	(24,813)	(36,679)	(51,491)	(34,627)
Net (loss)/income attributable to Navios Holdings common stockholders	(24,813)	(36,679)	(51,491)	(34,627)
Other Comprehensive (loss)/income
Unrealized holding income on investments in available-for-sale securities	(213)	758	(491)	(381)
Reclassification to earnings		11,553		11,553
Total other comprehensive (loss)/income	(213)	12,311	(491)	11,172
Total comprehensive (loss)/income	(25,026)	(24,368)	(51,982)	(23,455)
Total comprehensive (loss)/income attributable to Navios Holdings common stockholders	(25,026)	(24,368)	(51,982)	(23,455)
Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Revenue	53,583	75,440	106,801	152,033
Administrative fee revenue from affiliates	3,882	3,502	7,804	6,881
Time charter, voyage and logistics business expenses	(42,796)	(39,088)	(85,731)	(77,468)
Direct vessel expenses	(12,888)	(13,863)	(25,610)	(26,532)
General and administrative expenses incurred on behalf of affiliates	(3,882)	(3,502)	(7,804)	(6,881)
General and administrative expenses	(3,661)	(4,789)	(5,748)	(10,102)
Depreciation and amortization	(20,187)	(19,146)	(34,232)	(38,060)
Interest expense and finance cost, net	(1,429)	(1,432)	(2,944)	(3,069)
Other (expense)/income, net	259	(5,300)	760	(2,292)
(Loss)/income before equity in net earnings of affiliated companies	(27,119)	(8,178)	(46,704)	(5,490)
(Loss)/income from subsidiaries	6,006	(13,681)	6,534	(13,794)
Equity in net earnings of affiliated companies	1,180	1,218	2,219	4,611
(Loss)/income before taxes	(19,933)	(20,641)	(37,951)	(14,673)
Income tax (expense)/benefit	(72)	(90)	(142)	(178)
Net (loss)/income	(20,005)	(20,731)	(38,093)	(14,851)
Less: Net (income)/loss attributable to the noncontrolling interest		(41)		(182)
Net (loss)/income attributable to Navios Holdings common stockholders	(20,005)	(20,772)	(38,093)	(15,033)
Other Comprehensive (loss)/income
Unrealized holding income on investments in available-for-sale securities	(213)	758	(491)	(381)
Reclassification to earnings		11,553		11,553
Total other comprehensive (loss)/income	(213)	12,311	(491)	11,172
Total comprehensive (loss)/income	(20,218)	(8,420)	(38,584)	(3,679)
Comprehensive (income)/loss attributable to noncontrolling interest		(41)		(182)
Total comprehensive (loss)/income attributable to Navios Holdings common stockholders	(20,218)	(8,461)	(38,584)	(3,861)
Non Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Revenue	66,256	69,968	131,318	115,566
Time charter, voyage and logistics business expenses	(15,060)	(24,426)	(42,059)	(37,224)
Direct vessel expenses	(22,860)	(19,977)	(40,955)	(35,636)
General and administrative expenses	(3,911)	(3,351)	(7,517)	(6,759)
Depreciation and amortization	(6,591)	(5,981)	(13,058)	(12,048)
Interest expense and finance cost, net	(6,735)	(7,446)	(13,548)	(14,162)
Loss on bond extinguishment		(27,281)		(27,281)
Other (expense)/income, net	(3,454)	(2,183)	(5,928)	(3,110)
(Loss)/income before equity in net earnings of affiliated companies	7,645	(20,677)	8,253	(20,654)
Equity in net earnings of affiliated companies	799	1,132	1,589	2,032
(Loss)/income before taxes	8,444	(19,545)	9,842	(18,622)
Income tax (expense)/benefit	1,767	(758)	1,985	(958)
Net (loss)/income	10,211	(20,303)	11,827	(19,580)
Less: Net (income)/loss attributable to the noncontrolling interest	(3,405)	7,754	(3,704)	7,818
Net (loss)/income attributable to Navios Holdings common stockholders	6,806	(12,549)	8,123	(11,762)
Other Comprehensive (loss)/income
Total comprehensive (loss)/income	10,211	(20,303)	11,827	(19,580)
Comprehensive (income)/loss attributable to noncontrolling interest	(3,405)	7,754	(3,704)	7,818
Total comprehensive (loss)/income attributable to Navios Holdings common stockholders	6,806	(12,549)	8,123	(11,762)
Eliminations
Condensed Financial Statements Captions [Line Items]
(Loss)/income from subsidiaries	13,199	33,320	29,970	26,795
(Loss)/income before taxes	13,199	33,320	29,970	26,795
Net (loss)/income	13,199	33,320	29,970	26,795
Net (loss)/income attributable to Navios Holdings common stockholders	13,199	33,320	29,970	26,795
Other Comprehensive (loss)/income
Unrealized holding income on investments in available-for-sale securities	213	(758)	491	381
Reclassification to earnings		(11,553)		(11,553)
Total other comprehensive (loss)/income	213	(12,311)	491	(11,172)
Total comprehensive (loss)/income	13,412	21,009	30,461	15,623
Total comprehensive (loss)/income attributable to Navios Holdings common stockholders	13,412	21,009	30,461	15,623
Total
Condensed Financial Statements Captions [Line Items]
Revenue	119,839	145,408	238,119	267,599
Administrative fee revenue from affiliates	3,882	3,502	7,804	6,881
Time charter, voyage and logistics business expenses	(57,856)	(63,514)	(127,790)	(114,692)
Direct vessel expenses	(35,748)	(33,840)	(66,565)	(62,168)
General and administrative expenses incurred on behalf of affiliates	(3,882)	(3,502)	(7,804)	(6,881)
General and administrative expenses	(8,668)	(9,567)	(15,479)	(20,598)
Depreciation and amortization	(27,479)	(25,828)	(48,684)	(51,502)
Interest expense and finance cost, net	(27,838)	(28,521)	(55,876)	(56,567)
Loss on bond extinguishment		(27,281)		(27,281)
Other (expense)/income, net	(3,321)	(7,481)	(5,235)	(5,415)
(Loss)/income before equity in net earnings of affiliated companies	(41,071)	(50,624)	(81,510)	(70,624)
(Loss)/income from subsidiaries	0	0	0	0
Equity in net earnings of affiliated companies	17,968	7,079	31,880	29,497
(Loss)/income before taxes	(23,103)	(43,545)	(49,630)	(41,127)
Income tax (expense)/benefit	1,695	(848)	1,843	(1,136)
Net (loss)/income	(21,408)	(44,393)	(47,787)	(42,263)
Less: Net (income)/loss attributable to the noncontrolling interest	(3,405)	7,713	(3,704)	7,636
Net (loss)/income attributable to Navios Holdings common stockholders	(24,813)	(36,680)	(51,491)	(34,627)
Other Comprehensive (loss)/income
Unrealized holding income on investments in available-for-sale securities	(213)	758	(491)	(381)
Reclassification to earnings		11,553		11,553
Total other comprehensive (loss)/income	(213)	12,311	(491)	11,172
Total comprehensive (loss)/income	(21,621)	(32,082)	(48,278)	(31,091)
Comprehensive (income)/loss attributable to noncontrolling interest	(3,405)	7,713	(3,704)	7,636
Total comprehensive (loss)/income attributable to Navios Holdings common stockholders	$ (25,026)	$ (24,369)	$ (51,982)	$ (23,455)

Other Financial Information - B

Other Financial Information - Balance Sheet (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Current assets
Cash and cash equivalents	$ 180,366	$ 247,556	$ 232,435	$ 187,831
Restricted cash	906	2,564	2,631
Accounts receivable, net	50,981	85,581
Due from affiliate companies	17,799	27,196
Total current assets	291,526	417,131
Vessels, port terminals and other fixed assets, net	1,869,694	1,911,143
Deposits for vessel acquisitions	51,990	45,365
Investment in available-for-sale securities	6,261	6,701
Investment in affiliates	371,405	344,453	340,375
Long-term receivable from affiliate companies	0	9,625
Loan receivable from affiliate companies	11,464	7,791
Total non-current assets	2,693,658	2,710,566
Total assets	2,985,184	3,127,697	3,077,037
Current liabilities
Accounts payable	34,773	53,837
Accrued expenses and other liabilities	94,815	107,320
Deferred income and cash received in advance	6,336	12,445
Due to affiliate company	3,930	0
Current portion of capital lease obligations	2,886	1,449
Current portion of long-term debt	8,100	23,283
Total current liabilities	150,840	198,334
Capital lease obligations, net of current portion	18,555	20,911
Unfavorable lease terms	14,756	22,141
Other long-term liabilities and deferred income	14,874	17,459
Deferred tax liability	11,364	12,735
Total non-current liabilities	1,635,472	1,662,853
Total liabilities	1,786,312	1,861,187
Noncontrolling interest	117,251	113,547
Total Navios Holdings stockholders' equity	1,081,621	1,152,963
Total liabilities and stockholders' equity	2,985,184	3,127,697
Navios Maritime Holdings Inc. Issuer
Current assets
Cash and cash equivalents	32,017	98,539	47,341	33,769
Intercompany receivables	42,525	23,567
Due from affiliate companies	4,702	4,638
Prepaid expenses and other current assets	13	2
Total current assets	79,257	126,746
Investments in subsidiaries	1,628,773	1,622,239
Investment in affiliates	346,884	$ 331,130
Other long-term assets
Goodwill and other intangibles	88,168	$ 89,562
Total non-current assets	2,063,825	2,042,931
Total assets	2,143,082	2,169,677
Current liabilities
Accounts payable	947	591
Accrued expenses and other liabilities	32,952	33,099
Intercompany payables	45,242
Total current liabilities	79,141	33,690
Long-term debt, net of current portion	982,320	983,024
Total non-current liabilities	982,320	983,024
Total liabilities	1,061,461	1,016,714
Total Navios Holdings stockholders' equity	1,081,621	1,152,963
Total liabilities and stockholders' equity	2,143,082	2,169,677
Guarantor Subsidiaries
Current assets
Cash and cash equivalents	76,329	77,085	68,707	67,492
Restricted cash	906	2,564
Accounts receivable, net	13,895	56,265
Due from affiliate companies	13,097	22,558
Prepaid expenses and other current assets	24,147	31,179
Total current assets	128,374	189,651
Vessels, port terminals and other fixed assets, net	1,431,760	1,467,518
Deposits for vessel acquisitions	24,290	22,140
Investments in subsidiaries	278,066	271,532
Investment in available-for-sale securities	6,261	6,701
Investment in affiliates	11,297	548
Long-term receivable from affiliate companies		9,625
Loan receivable from affiliate companies	11,464	7,791
Other long-term assets	18,947	6,920
Goodwill and other intangibles	79,537	85,273
Total non-current assets	1,861,622	1,878,048
Total assets	1,989,996	2,067,699
Current liabilities
Accounts payable	2,189	18,399
Accrued expenses and other liabilities	35,886	49,363
Deferred income and cash received in advance	1,981	6,263
Intercompany payables	68,601	93,226
Due to affiliate company	3,930
Current portion of long-term debt	8,031	23,214
Total current liabilities	120,618	190,465
Long-term debt, net of current portion	226,544	231,193
Unfavorable lease terms	14,756	22,141
Other long-term liabilities and deferred income	13,808	14,574
Total non-current liabilities	255,108	267,908
Total liabilities	375,726	458,373
Total Navios Holdings stockholders' equity	1,614,271	1,609,326
Total liabilities and stockholders' equity	1,989,997	2,067,699
Non Guarantor Subsidiaries
Current assets
Cash and cash equivalents	72,020	71,932	116,387	86,570
Accounts receivable, net	37,086	29,316
Intercompany receivables	72,582	71,442
Prepaid expenses and other current assets	17,314	23,053
Total current assets	199,002	195,743
Vessels, port terminals and other fixed assets, net	437,934	443,625
Deposits for vessel acquisitions	27,700	23,225
Investment in affiliates	13,224	12,775
Other long-term assets	23,112	28,740
Goodwill and other intangibles	173,080	174,993
Total non-current assets	675,050	683,358
Total assets	874,052	879,101
Current liabilities
Accounts payable	31,637	34,847
Accrued expenses and other liabilities	25,977	24,858
Deferred income and cash received in advance	4,355	6,182
Intercompany payables	1,264	1,783
Current portion of capital lease obligations	2,886	1,449
Current portion of long-term debt	69	69
Total current liabilities	66,188	69,188
Long-term debt, net of current portion	367,059	375,390
Capital lease obligations, net of current portion	18,555	20,911
Other long-term liabilities and deferred income	1,066	2,885
Deferred tax liability	11,364	12,735
Total non-current liabilities	398,044	411,921
Total liabilities	464,232	481,109
Noncontrolling interest	117,251	113,547
Total Navios Holdings stockholders' equity	292,568	284,445
Total liabilities and stockholders' equity	874,051	879,101
Eliminations
Current assets
Intercompany receivables	(115,107)	(95,009)
Total current assets	(115,107)	(95,009)
Investments in subsidiaries	(1,906,839)	(1,893,771)
Total non-current assets	(1,906,839)	(1,893,771)
Total assets	(2,021,946)	(1,988,780)
Current liabilities
Intercompany payables	(115,107)	(95,009)
Total current liabilities	(115,107)	(95,009)
Total liabilities	(115,107)	(95,009)
Total Navios Holdings stockholders' equity	(1,906,839)	(1,893,771)
Total liabilities and stockholders' equity	(2,021,946)	(1,988,780)
Total
Current assets
Cash and cash equivalents	180,366	247,556	$ 232,435	$ 187,831
Restricted cash	906	2,564
Accounts receivable, net	50,981	85,581
Intercompany receivables	0	0
Due from affiliate companies	17,799	27,196
Prepaid expenses and other current assets	41,474	54,234
Total current assets	291,526	417,131
Vessels, port terminals and other fixed assets, net	1,869,694	1,911,143
Deposits for vessel acquisitions	51,990	45,365
Investments in subsidiaries	0	0
Investment in available-for-sale securities	6,261	6,701
Investment in affiliates	371,405	344,453
Long-term receivable from affiliate companies		9,625
Loan receivable from affiliate companies	11,464	7,791
Other long-term assets	42,059	35,660
Goodwill and other intangibles	340,785	349,828
Total non-current assets	2,693,658	2,710,566
Total assets	2,985,184	3,127,697
Current liabilities
Accounts payable	34,773	53,837
Accrued expenses and other liabilities	94,815	107,320
Deferred income and cash received in advance	6,336	12,445
Intercompany payables	0	0
Due to affiliate company	3,930
Current portion of capital lease obligations	2,886	1,449
Current portion of long-term debt	8,100	23,283
Total current liabilities	150,840	198,334
Long-term debt, net of current portion	1,575,923	1,589,607
Capital lease obligations, net of current portion	18,555	20,911
Unfavorable lease terms	14,756	22,141
Other long-term liabilities and deferred income	14,874	17,459
Deferred tax liability	11,364	12,735
Total non-current liabilities	1,635,472	1,662,853
Total liabilities	1,786,312	1,861,187
Noncontrolling interest	117,251	113,547
Total Navios Holdings stockholders' equity	1,081,621	1,152,963
Total liabilities and stockholders' equity	$ 2,985,184	$ 3,127,697

Other Financial Information - C

Other Financial Information - Cash Flow Statement (Table) (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Condensed Financial Statements Captions [Line Items]
Net cash (used in)/provided by operating activities	$ 1,739	$ 40,492
Cash flows from investing activities
Acquisition of investments in affiliates	(20,471)	(2,233)
Loan to affiliate company	(3,289)	(2,831)
(Increase)/decrease in long-term receivable from affiliate companies	9,488	(2,263)
Dividends from affiliate companies	7,298	7,298
Deposits for vessel acquisitions	(6,625)	(26,845)
Acquisition of vessels	0	(71,862)
Purchase of property, equipment and other fixed assets	(4,577)	(29,333)
Net cash provided/(used in) in investing activities	(18,176)	(128,069)
Cash flows from financing activities
Net proceeds from issuance of preferred stock	0	47,847
Proceeds from issuance of senior notes, net of debt issuance costs	0	365,732
Repayment of long-term debt and payment of principal	(31,022)	(9,631)
Repayment of senior notes	0	(290,000)
Contribution from noncontrolling shareholders	0	3,484
Dividends paid	(20,644)	(14,351)
(Increase)/decrease in restricted cash	1,622	(469)
Acquisition of noncontrolling interest	0	(10,889)
Net cash (used in)/provided by financing activities	(50,753)	132,181
(Decrease)/ increase in cash and cash equivalents	(67,190)	44,604
Cash and cash equivalents, beginning of period	247,556	187,831	$ 187,831
Cash and cash equivalents, end of period	180,366	232,435	247,556
Navios Maritime Holdings Inc. Issuer
Condensed Financial Statements Captions [Line Items]
Net cash (used in)/provided by operating activities	(20,906)	(12,714)
Cash flows from investing activities
Acquisition of investments in affiliates	(14,668)
Dividends from affiliate companies	7,298	7,298
Purchase of property, equipment and other fixed assets		(15)
Net cash provided/(used in) in investing activities	(7,370)	7,283
Cash flows from financing activities
Transfer (to)/from other group subsidiaries	(17,602)	(15,131)
Issuance of common stock		638
Net proceeds from issuance of preferred stock		47,847
Dividends paid	(20,644)	(14,351)
Net cash (used in)/provided by financing activities	(38,246)	19,003
(Decrease)/ increase in cash and cash equivalents	(66,522)	13,572
Cash and cash equivalents, beginning of period	98,539	33,769	33,769
Cash and cash equivalents, end of period	32,017	47,341	98,539
Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Net cash (used in)/provided by operating activities	12,887	59,782
Cash flows from investing activities
Acquisition of investments in affiliates	(4,275)
Loan to affiliate company	(3,289)	(2,831)
(Increase)/decrease in long-term receivable from affiliate companies	9,488	(2,263)
Deposits for vessel acquisitions	(2,150)	(17,288)
Acquisition of vessels		(71,862)
Purchase of property, equipment and other fixed assets	(125)	(135)
Net cash provided/(used in) in investing activities	(351)	(94,379)
Cash flows from financing activities
Transfer (to)/from other group subsidiaries	16,074	12,898
Proceeds from long-term loans, net of deferred finance fees		40,385
Repayment of long-term debt and payment of principal	(30,988)	(9,597)
Contribution from noncontrolling shareholders		3,484
(Increase)/decrease in restricted cash	1,622	(469)
Acquisition of noncontrolling interest		(10,889)
Net cash (used in)/provided by financing activities	(13,292)	35,812
(Decrease)/ increase in cash and cash equivalents	(756)	1,215
Cash and cash equivalents, beginning of period	77,085	67,492	67,492
Cash and cash equivalents, end of period	76,329	68,707	77,085
Non Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Net cash (used in)/provided by operating activities	9,758	(6,576)
Cash flows from investing activities
Acquisition of investments in affiliates	(1,528)	(2,233)
Deposits for vessel acquisitions	(4,475)	(9,557)
Purchase of property, equipment and other fixed assets	(4,452)	(29,183)
Net cash provided/(used in) in investing activities	(10,455)	(40,973)
Cash flows from financing activities
Transfer (to)/from other group subsidiaries	1,528	2,233
Proceeds from issuance of senior notes, net of debt issuance costs		365,732
Repayment of long-term debt and payment of principal	(34)	(34)
Repayment of senior notes		(290,000)
Payments of obligations under capital leases	(709)	(565)
Net cash (used in)/provided by financing activities	785	77,366
(Decrease)/ increase in cash and cash equivalents	88	29,817
Cash and cash equivalents, beginning of period	71,932	86,570	86,570
Cash and cash equivalents, end of period	72,020	116,387	71,932
Total
Condensed Financial Statements Captions [Line Items]
Net cash (used in)/provided by operating activities	1,739	40,492
Cash flows from investing activities
Acquisition of investments in affiliates	(20,471)	(2,233)
Loan to affiliate company	(3,289)	(2,831)
(Increase)/decrease in long-term receivable from affiliate companies	9,488	(2,263)
Dividends from affiliate companies	7,298	7,298
Deposits for vessel acquisitions	(6,625)	(26,845)
Acquisition of vessels		(71,862)
Purchase of property, equipment and other fixed assets	(4,577)	(29,333)
Net cash provided/(used in) in investing activities	(18,176)	(128,069)
Cash flows from financing activities
Transfer (to)/from other group subsidiaries	0	0
Issuance of common stock		638
Net proceeds from issuance of preferred stock		47,847
Proceeds from long-term loans, net of deferred finance fees		40,385
Proceeds from issuance of senior notes, net of debt issuance costs		365,732
Repayment of long-term debt and payment of principal	(31,022)	(9,631)
Repayment of senior notes		(290,000)
Contribution from noncontrolling shareholders		3,484
Dividends paid	(20,644)	(14,351)
(Increase)/decrease in restricted cash	1,622	(469)
Acquisition of noncontrolling interest		(10,889)
Payments of obligations under capital leases	(709)	(565)
Net cash (used in)/provided by financing activities	(50,753)	132,181
(Decrease)/ increase in cash and cash equivalents	(67,190)	44,604
Cash and cash equivalents, beginning of period	247,556	187,831	187,831
Cash and cash equivalents, end of period	$ 180,366	$ 232,435	$ 247,556

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended			7 Months Ended	8 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 23, 2015	Jun. 30, 2014	Jul. 31, 2015	Aug. 21, 2015	Aug. 17, 2015
Subsequent Event [Line Items]
Dividends received			$ 7,298		$ 7,298
Common stock - Dividends per share declared								$ 0.06
American Depositary Shares - Series G
Subsequent Event [Line Items]
Dividends declared				$ 0.546875
American Depositary Shares - Series H
Subsequent Event [Line Items]
Dividends declared				$ 0.5390625
Navios Partners
Subsequent Event [Line Items]
Dividends received	$ 8,124	$ 7,536	16,248		14,971		$ 8,124
Navios Acquisition
Subsequent Event [Line Items]
Dividends received	$ 3,649	$ 3,649	$ 7,298		$ 7,298	$ 3,649