Navios Maritime (NMPRY) 6-K 25 Aug 16 2016 Q2 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2016shares
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, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
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	109,538,620

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 140,529	$ 163,412
Restricted cash	2,671	13,480
Accounts receivable, net	66,416	64,813
Due from affiliate companies	17,461	12,669
Inventories	27,357	24,443
Prepaid expenses and other current assets	32,532	24,142
Total current assets	286,966	302,959
Deposits for vessels, port terminals and other fixed assets	91,669	73,949
Vessels, port terminals and other fixed assets, net	1,868,668	1,823,961
Other long-term assets	38,979	43,758
Loan receivable from affiliate companies	21,827	16,474
Investments in affiliates	388,772	381,746
Investments in available-for-sale securities	0	5,173
Intangible assets other than goodwill	144,478	150,457
Goodwill	160,336	160,336
Total non-current assets	2,714,729	2,655,854
Total assets	3,001,695	2,958,813
Current liabilities
Accounts payable	80,980	72,605
Accrued expenses and other liabilities	101,285	103,095
Deferred income and cash received in advance	11,894	13,492
Due to affiliate companies	24,365	17,791
Current portion of capital lease obligations	3,000	2,929
Current portion of long-term debt, net	23,516	16,944
Total current liabilities	245,040	226,856
Senior and ship mortgage notes, net	1,352,860	1,350,941
Long-term debt, net of current portion	252,520	213,423
Capital lease obligations, net of current portion	15,555	17,720
Unfavorable lease terms	0	7,526
Other long-term liabilities and deferred income	35,684	20,878
Long term payable to affiliate companies	6,430	0
Deferred tax liability	11,515	10,917
Total non-current liabilities	1,674,564	1,621,405
Total liabilities	1,919,604	1,848,261
Commitments and contingencies
Stockholders' equity
Preferred Stock - $0.0001 par value, authorized 1,000,000 shares, and 73,935 issued and outstanding as of both June 30, 2016 and December 31, 2015.	0	0
Common stock - $0.0001 par value, authorized 250,000,000 shares, and 109,538,620 and 110,468,753 issued and outstanding as of June 30, 2016 and December 31, 2015, respectively.	11	11
Additional paid-in capital	727,651	726,791
Accumulated other comprehensive loss	0	(445)
Retained earnings	228,122	262,603
Total Navios Holdings' stockholders' equity	955,784	988,960
Noncontrolling interest	126,307	121,592
Total stockholders' equity	1,082,091	1,110,552
Total liabilities and stockholders' equity	$ 3,001,695	$ 2,958,813

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
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	73,935	73,935
Preferred stock shares outstanding	73,935	73,935
Common stock par value	$ 0.0001	$ 0.0001
Common stock shares authorized	250,000,000	250,000,000
Common stock shares issued	109,538,620	110,468,753
Common stock shares outstanding	109,538,620	110,468,753

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME [Abstract]
Revenue	$ 105,733	$ 119,839	$ 207,220	$ 238,119
Administrative fee revenue from affiliates	5,463	3,882	10,945	7,804
Time charter, voyage and logistics business expenses	(36,095)	(57,856)	(82,476)	(127,790)
Direct vessel expenses	(34,685)	(35,748)	(64,759)	(66,565)
General and administrative expenses incurred on behalf of affiliates	(5,463)	(3,882)	(10,945)	(7,804)
General and administrative expenses	(6,392)	(8,668)	(12,830)	(15,479)
Depreciation and amortization	(27,132)	(27,479)	(46,959)	(48,684)
Interest expense and finance cost, net	(26,698)	(27,838)	(54,448)	(55,876)
Other (expense)/income, net	(2,530)	(3,321)	9,134	(5,235)
Loss before equity in net earnings of affiliated companies	(27,799)	(41,071)	(45,118)	(81,510)
Equity in net earnings of affiliated companies	3,424	17,968	16,376	31,880
Loss before taxes	(24,375)	(23,103)	(28,742)	(49,630)
Income tax benefit/(expense)	621	1,695	(424)	1,843
Net loss	(23,754)	(21,408)	(29,166)	(47,787)
Less: Net income attributable to the noncontrolling interest	(2,662)	(3,405)	(4,715)	(3,704)
Net loss attributable to Navios Holdings common stockholders	(26,416)	(24,813)	(33,881)	(51,491)
Loss attributable to Navios Holdings common stockholders, basic	(30,387)	(28,906)	(41,822)	(59,657)
Loss attributable to Navios Holdings common stockholders, diluted	$ (30,387)	$ (28,906)	$ (41,822)	$ (59,657)
Basic loss per share attributable to Navios Holdings common stockholders	$ (0.29)	$ (0.27)	$ (0.39)	$ (0.57)
Weighted average number of shares, basic	106,009,049	105,401,820	106,022,826	105,251,590
Diluted loss per share attributable to Navios Holdings common stockholders	$ (0.29)	$ (0.27)	$ (0.39)	$ (0.57)
Weighted average number of shares, diluted	106,009,049	105,401,820	106,022,826	105,251,590
Other comprehensive income/(loss)
Unrealized holding gain/(loss) on investments in available-for-sale securities	$ 495	$ (213)	$ 100	$ (491)
Reclassification to earnings	345	0	345	0
Total other comprehensive income/(loss)	840	(213)	445	(491)
Total comprehensive loss	(22,914)	(21,621)	(28,721)	(48,278)
Comprehensive income attributable to the noncontrolling interest	(2,662)	(3,405)	(4,715)	(3,704)
Total comprehensive loss attributable to Navios Holdings common stockholders	$ (25,576)	$ (25,026)	$ (33,436)	$ (51,982)

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES:
Net loss	$ (29,166)	$ (47,787)
Adjustments to reconcile net loss to net cash provided by operating activities:
Non-cash adjustments	50,995	42,564
(Increase)/decrease in operating assets	(11,776)	59,508
Increase/(decrease) in operating liabilities	33,156	(36,630)
Payments for drydock and special survey costs	(3,072)	(15,916)
Net cash provided by operating activities	40,137	1,739
INVESTING ACTIVITIES:
Acquisition of investments in affiliates	0	(20,471)
Acquisition of vessels	(60,115)	0
Deposits for vessels, port terminals and other fixed assets acquisition	(44,628)	(6,625)
Dividends from affiliate companies	0	7,298
Loan to affiliate company	(4,275)	(3,289)
Decrease in long-term receivable from affiliate companies	0	9,488
Purchase of property, equipment and other fixed assets	(3,301)	(4,577)
Net cash used in investing activities	(112,319)	(18,176)
FINANCING ACTIVITIES:
Repayment of long-term debt and payment of principal	(18,115)	(31,022)
Proceeds from long-term loans, net of deferred finance fees	63,008	0
Dividends paid	(3,681)	(20,644)
Acquisition of treasury stock	(819)	0
Payments of obligations under capital leases	(2,094)	(709)
Decrease in restricted cash	11,000	1,622
Net cash provided by/(used in) financing activities	49,299	(50,753)
Decrease in cash and cash equivalents	(22,883)	(67,190)
Cash and cash equivalents, beginning of period	163,412	247,556
Cash and cash equivalents, end of period	140,529	180,366
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest, net of capitalized interest	54,180	54,636
Cash paid for income taxes	92	29
Non-cash investing and financing activities
Dividends payable	0	162
Accrued interest on loan receivable from affiliate company	1,078	383
Acquisition of vessels, port terminals and other fixed assets	(100)	(1,211)
Deposits for vessels, port terminals and other fixed assets	(2,787)	0
Revaluation of vessels due to restructuring of capital lease obligation	0	210
Decrease in capital lease obligation due to restructuring	$ 0	$ (210)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - 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, shares at Dec. 31, 2014		75,069	105,831,718
Balance, value at Dec. 31, 2014	$ 1,266,510	$ 0	$ 11	$ 721,465	$ 432,065	$ (578)	$ 1,152,963	$ 113,547
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)
Conversion of preferred stock to common stock (Note 9), shares			840,000
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, shares at Jun. 30, 2015		74,229	107,835,547
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 Dec. 31, 2015		73,935	110,468,753
Balance, value at Dec. 31, 2015	1,110,552	$ 0	$ 11	726,791	262,603	(445)	988,960	121,592
Net loss	(29,166)				(33,881)		(33,881)	4,715
Total other comprehensive income/(loss)	445					445	445
Acquisition of treasury stock, value (Note 9)	(819)			(819)			(819)
Acquisition of treasury stock, shares (Note 9)			(948,584)
Stock-based compensation expenses, value	1,679			1,679			1,679
Stock-based compensation expenses, shares			21,301
Cancellation of shares			(2,850)
Dividends declared/ paid	(600)				(600)		(600)
Balance, shares at Jun. 30, 2016		73,935	109,538,620
Balance, value at Jun. 30, 2016	$ 1,082,091	$ 0	$ 11	$ 727,651	$ 228,122	$ 0	$ 955,784	$ 126,307

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2016
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 dry bulk 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, 2016, 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, 2016, Navios Holdings' ownership of the outstanding voting stock of Navios Acquisition was 43.3% and its economic interest was 46.3%. 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, 2016, 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. Navios Europe I is engaged in the marine transportation industry through the ownership of five tanker and five container vessels. 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. Navios Europe II is engaged in the marine transportation industry through the ownership of seven dry bulkers and seven container vessels.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of presentation: (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, 2016 was 20.1%, which includes a 2.0% general partner interest); (ii) Navios Acquisition and its subsidiaries (economic interest as of June 30, 2016 was 46.3%); (iii) Acropolis Chartering and Shipping Inc. (“Acropolis”) (economic interest as of June 30, 2016 was 35.0%); (iv) Navios Europe I and Navios Europe II and their subsidiaries (economic interest as of June 30, 2016 was 47.5% in each). (c) Recent Accounting Pronouncements: In March 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718)”, which simplifies several aspects of accounting for share-based compensation including the tax consequences, classification of awards as equity or liabilities, forfeitures and classification on the statement of cash flows. ASU 2016-09 is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early application is permitted. The Company is currently assessing the impact that adopting this new accounting guidance will have on its consolidated financial statements and footnotes disclosures. In February 2016, FASB issued ASU 2016-02, “Leases (Topic 842)”. ASU 2016-02 will apply to both capital (or finance) leases and operating leases. According to ASU 2016-02, lessees will be required to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. The Company is currently assessing the impact that adopting this new accounting guidance will have on its consolidated financial statements and footnotes disclosures. In January 2016, FASB issued ASU 2016-01, “Financial Instruments—Overall (Subtopic 825-10)- Recognition and Measurement of Financial Assets and Financial Liabilities”. The amendments in this ASU require an entity (i) to measure equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) at fair value with changes in fair value recognized in net income; (ii) to perform a qualitative assessment to identify impairment in equity investments without readily determinable fair values; (iii) to present separately in other comprehensive income the fair value of a liability resulting from a change in the instrument-specific credit risk; and (iv) to present separately financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet. The amendments also eliminate the requirement, for public business entities, to disclose the methods and significant assumptions used to estimate the fair value of financial instruments measured at amortized cost on the balance sheet and clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity's other deferred tax assets. For public business entities, ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this new standard is not expected to have a material impact on the Company's results of operations, financial position or cash flows. In November 2015, FASB issued ASU 2015-17, “Income Taxes (Topic 740)- Balance Sheet Classification of Deferred Taxes”, which requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by the amendments in this ASU. 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 adoption of this new standard is not expected to have a material impact on the Company's results of operations, financial position or cash flows. In July 2015, FASB issued ASU 2015-11, “Inventory (Topic 330)- Simplifying the Measurement of Inventory”, which 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 the Company's results of operations, financial position or cash flows. In August 2014, FASB issued ASU 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 December 31, 2016. The adoption of the new standard is not expected to have a material impact on the Company's results of operations, financial position or cash flows. In May 2014, 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 which deferred 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. The Company 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, 2016
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, net Cost Accumulated Depreciation Net Book Value Balance December 31, 2015 $ 2,434,639 $ (610,678 ) $ 1,823,961 Additions 93,211 (48,504 ) 44,707 Balance June 30, 2016 $ 2,527,850 $ (659,182 ) $ 1,868,668 Deposits for Vessel, Port Terminal and Other Fixed Assets Acquisitions On February 11, 2014, Navios Logistics entered into an agreement, as amended on June 3, 2016 for the construction of three new pushboats with a purchase price of $7,344 for each pushboat. As of June 30, 2016 and December 31, 2015, Navios Logistics had paid $15,516 and $14,770, respectively, for the construction of the new pushboats which are expected to be delivered in the first quarter of 2017. As of June 30, 2016, and December 31, 2015, Navios Logistics had paid $76,153 and $29,484, 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 $5,175 and $5,847, as of June 30, 2016 and December 31, 2015, respectively. Vessel Acquisitions On January 12, 2016, Navios Holdings took delivery of the Navios Sphera, a 2016-Japanese built 84,872 dwt Panamax vessel, and Navios Mars, a 2016-Japanese built 181,259 dwt Capesize vessel, for an acquisition cost of $34,352 and $55,458, respectively, of which $49,910 was paid in cash and $39,900 was financed through a loan. As of March 31, 2016, deposits of $29,695, relating to the acquisition of Navios Sphera and Navios Mars, had been transferred to vessels' cost. 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, 2016, the obligations for these vessels were accounted for as capital leases and the lease payments during the six months ended June 30, 2016 and 2015 for both vessels were $2,094 and $710, respectively.

Intangible Assets Other Than Go

Intangible Assets Other Than Goodwill	6 Months Ended
	Jun. 30, 2016
INTANGIBLE ASSETS OTHER THAN GOODWILL [Abstract]
INTANGIBLE ASSETS OTHER THAN GOODWILL	NOTE 4: INTANGIBLE ASSETS OTHER THAN GOODWILL June 30, 2016 December 31, 2015 Intangible assets Acquisition cost (*) (***) $ 271,547 $ 271,547 Accumulated amortization (*) (127,069 ) (121,090 ) Total Intangible assets net book value 144,478 150,457 Unfavorable lease terms Acquisition cost (**) (24,721 ) (24,721 ) Accumulated amortization 17,407 17,195 Write offs (**) 7,314 — Unfavorable lease terms net book value — (7,526) Total Intangibles net book value $ 144,478 $ 142,931 (*) As of June 30, 2016 and December 31, 2015, intangible assets associated with favorable lease terms included an amount of $10,575 related to purchase options for the vessels. (**) (***) As of June 30, 2016 and December 31, 2015, the intangible liability associated with the unfavorable lease terms included an amount of $0 and $(467), respectively, related to purchase options held by third parties. During the six months ended June 30, 2016, $7,314 of unfavorable lease terms were written-off. This write-off resulted from the early redelivery of one vessel (See Note 10). During the six months ended June 30, 2016, acquisition cost and accumulated amortization of $17,407, of fully amortized unfavorable lease terms were written-off. As of June 30, 2016 and December 31, 2015, no purchase options held by third parties were exercised. As of June 30, 2016, Navios Logistics, had paid $17,000, for the expansion of its dry port terminal in Uruguay. Amortization (expense)/income, net for the three month periods ended June 30, 2016 and 2015 amounted to $(2,922) and $(3,887), respectively, and for the six month periods ended June 30, 2016 and 2015 amounted to $1,546 and $(1,657), respectively. The remaining aggregate amortization of acquired intangibles as of June 30, 2016 will be as follows: Period Year One $ 11,939 Year Two 6,847 Year Three 6,326 Year Four 6,333 Year Five 6,326 Thereafter 96,132 Total $ 133,903

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2016
BORROWINGS [Abstract]
BORROWINGS	NOTE 5: BORROWINGS Borrowings, as of June 30, 2016 and December 31, 2015, consisted of the following: Facility June 30, 2016 December 31, 2015 Secured credit facilities $ 254,956 $ 233,136 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 24,520 390 Total borrowings 1,654,476 1,608,526 Less: current portion, net (23,516 ) (16,944 ) Less: deferred finance costs, net (25,580 ) (27,218 ) Total long-term borrowings $ 1,605,380 $ 1,564,364 Secured Credit Facilities As of June 30, 2016, the Company had secured credit facilities with various banks with a total outstanding balance of $254,956. 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. The majority of the Company's senior secured credit facilities require compliance with maintenance covenants, including (i) value-to-loan ratio covenants, based on either charter-adjusted valuations, or charter-free valuations, ranging from over 115% to 130%, (ii) minimum liquidity up to a maximum of $40,000, and (iii) net total debt divided by total assets, as defined in each senior secured credit facility, ranging from a maximum of 75% to 80%. Certain covenants in our senior secured credit facilities have been waived for a specific period of time ranging from a minimum of three quarters to a maximum of five quarters (from the current balance sheet date) and/or amended to include (i) value-to-loan ratio covenants, based on either charter-adjusted valuations, or charter-free valuations, ranging from over 90% to 130%, and (ii) net total debt divided by total assets, as defined in each senior secured credit facility, ranging from a maximum of 80% to 90%. As of June 30, 2016, 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, 2016. 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 dry bulk 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, 2016. 2022 Logistics Senior Notes On April 22, 2014, Navios Logistics and its wholly- owned subsidiary Navios Logistics Finance (US) Inc. (“Logistics Finance” and, together with Navios Logistics, 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 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”), Naviera Alto Parana S.A. (“Naviera Alto Parana”), and Terra Norte S.A. (“Terra Norte”), which do not guarantee the 2022 Senior Notes pursuant to certain exceptions under the indenture, 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 indenture governing the 2022 Logistics Senior Notes include customary events of default, including failure to pay principal and interest on the 2022 Logistics Senior Notes, a failure to comply with covenants, a failure by Navios Logistics or any significant subsidiary or any group of restricted subsidiaries that, taken together, would constitute a significant subsidiary to pay material judgments or indebtedness and bankruptcy and insolvency events with respect to us or any significant subsidiary or any group of restricted subsidiaries that, taken together, would constitute a significant subsidiary. As of June 30, 2016, all subsidiaries, including Logistics Finance, Horamar do Brasil, Naviera Alto Parana and Terra Norte are 100% owned. Logistics Finance, Horamar do Brasil, and Terra Norte do not have any independent assets or operations. In addition, there are no significant restrictions on (i) the ability of the parent company, any issuer (or co-issuer) or any guarantor subsidiaries of the 2022 Logistics Senior Notes to obtain funds by dividend or loan from any of their subsidiaries or (ii) the ability of any subsidiaries to transfer funds to the issuer (or co-issuer) or any guarantor subsidiaries. The 2022 Logistics Co-Issuers were in compliance with the covenants as of June 30, 2016. Navios Logistics Notes Payable In connection with the purchase of mechanical equipment for the expansion of its dry port terminal, Corporacion Navios S.A. (“CNSA”) entered into an unsecured export financing line of credit for a total amount of $41,964, including all related fixed financing costs, available in multiple drawings upon the completion of certain milestones (“Drawdown Events”). CNSA incurs the obligation for the respective amount drawn by signing promissory notes (“Notes Payable”). Each drawdown is repayable in 16 consecutive semi-annual installments, starting six months after the completion of each Drawdown Event. Together with each Note Payable, CNSA shall pay interest equal to six-month LIBOR. The unsecured export financing line is fully and unconditionally guaranteed by Navios Logistics. As of June 30, 2016, the remaining available amount was $14,140. During the six month period ended June 30, 2016, the Company, in relation to its secured credit facilities, paid $18,080, relating to installments for the year 2016. In January 2016, the Company entered into a facility agreement with DVB Bank SE, to finance the acquisition of Navios Mars and Navios Sphera. As of June 30, 2016, the total amount drawn under the facility was $39,900. The annualized weighted average interest rates of the Company's total borrowings were 6.89% and 7.08% for the three month periods ended June 30, 2016 and 2015, respectively, and 6.95% and 7.04% for the six month periods ended June 30, 2016 and 2015, 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, 2016, 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, 2017 $ 24,403 June 30, 2018 30,471 June 30, 2019 414,914 June 30, 2020 59,199 June 30, 2021 28,623 June 30, 2022 and thereafter 1,096,866 Total $ 1,654,476

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2016
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 payable to affiliate companies: Investments in available-for-sale securities: June 30, 2016 December 31, 2015 Book Value Fair Value Book Value Fair Value Cash and cash equivalents $ 140,529 $ 140,529 $ 163,412 $ 163,412 Restricted cash $ 2,671 $ 2,671 $ 13,480 $ 13,480 Investments in available-for-sale-securities $ 5,303 $ 5,303 $ 5,173 $ 5,173 Loan receivable from affiliate companies $ 21,827 $ 21,827 $ 16,474 $ 16,474 Capital lease obligations, including current portion $ (18,555 ) $ (18,555 ) $ (20,649 ) $ (20,649 ) Senior and ship mortgage notes, net $ (1,352,860) $ (692,238 ) $ (1,350,941 ) $ (735,002 ) Long-term debt, including current portion $ (276,036 ) $ (279,476 ) $ (230,367 ) $ (233,526 ) Long term payable to affiliate companies $ (6,430 ) $ (6,430 ) $ — $ — 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, 2016 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 $ 5,303 $ 5,303 $ — $ — Total $ 5,303 $ 5,303 $ — $ — Fair Value Measurements as of December 31, 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 $ 5,173 $ 5,173 $ — $ — Total $ 5,173 $ 5,173 $ — $ — 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, 2016 Total (Level I) (Level II) (Level III) Cash and cash equivalents $ 140,529 $ 140,529 $ — $ — Restricted cash $ 2,671 $ 2,671 $ — $ — Loan receivable from affiliate companies (2) $ 21,827 $ — $ 21,827 $ — Capital lease obligations, including current portion (1) $ (18,555 ) $ — $ (18,555 ) $ — Senior and ship mortgage notes $ (692,238 ) $ (692,238 ) $ — $ — Long-term debt, including current portion (1) $ (279,476 ) $ — $ (279,476 ) $ — Long term payable to affiliate companies (2) $ (6,430 ) $ — $ (6,430 ) $ — Fair Value Measurements at December 31, 2015 Total (Level I) (Level II) (Level III) Cash and cash equivalents $ 163,412 $ 163,412 $ — $ — Restricted cash $ 13,480 $ 13,480 $ — $ — Loan receivable from affiliate companies (2) $ 16,474 $ — $ 16,474 $ — Capital lease obligations, including current portion (1) $ (20,649 ) $ — $ (20,649 ) $ — Senior and ship mortgage notes $ (735,002 ) $ (735,002 ) $ — $ — Long-term debt, including current portion (1) $ (233,526 ) $ — $ (233,526 ) $ — (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 payable to affiliate companies is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account the counterparty's creditworthiness.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 7: COMMITMENTS AND CONTINGENCIES As of June 30, 2016, the Company was contingently liable for letters of guarantee and letters of credit amounting to $590 (December 31, 2015: $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. (a consolidated subsidiary) of all its obligations to Vitol S.A. up to $12,000. This guarantee expires on March 1, 2017. 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. On March 30, 2016, Navios Logistics received written notice from Vale International S.A. (“Vale International”) stating that Vale International will not be performing the service contract entered between CNSA and Vale International on September 27, 2013 relating to the iron ore port facility currently under construction in Nueva Palmira, Uruguay. Navios Logistics believes that Vale International's position is without merit and initiated arbitration proceedings in London on June 10, 2016 pursuant to the dispute resolution provisions of the service contract. No assurances can be provided that Navios Logistics will prevail in the arbitration or that Vale International will finally perform the contract. If Vale International fails to perform, there may be a significant impact on Navios Logistics' future business. While the arbitration proceedings are confidential, Navios Logistics will seek to provide periodic updates. Navios Logistics currently has a dispute with Vale International regarding the termination date of a COA contract which is under arbitration proceedings in New York. The Company has received full security for its claim to date. The Company, in the normal course of business, entered into contracts to time charter-in vessels for various periods through July 2026. As of June 30, 2016, 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, 2017 $ 86,011 $ 14,217 $ 100,228 June 30, 2018 83,037 23,433 106,470 June 30, 2019 74,786 23,433 98,219 June 30, 2020 68,331 23,497 91,828 June 30, 2021 47,230 23,433 70,663 June 30, 2022 and thereafter 57,199 93,839 151,038 Total $ 416,594 $ 201,852 $ 618,446 Navios Logistics has obligations related to the acquisition of three new pushboats, the expansion of its dry port facility and the remaining installments for the acquisition of the chartered-in fleet consisting of one pushboat and three liquid barges of $10,933, $48,154 and $1,911, respectively, until March 31, 2017.

Transactions with Related Parti

Transactions with Related Parties	6 Months Ended
	Jun. 30, 2016
TRANSACTIONS WITH RELATED PARTIES [Abstract]
TRANSACTIONS WITH RELATED PARTIES	NOTE 8: TRANSACTIONS WITH RELATED PARTIES Office rent: Purchase of services: Vessels charter hire: 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. In April 2016, the Company redelivered Navios Apollon to Navios Partners. 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 received 100% of the first $1.5 in profits above the base rate, and thereafter all profits were 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 II, a 1995-built Panamax vessel. The term of this charter was 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 April 2016, the Company redelivered Navios Libra II to Navios Partners. In May 2013, the Company chartered-in from Navios Partners the Navios Felicity, a 1997-built Panamax vessel. The term of this charter was 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 received 100% of the first $1.5 in profits above the base rate, and thereafter all profits were 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 $12.0 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 April 2016, the Company redelivered Navios Felicity to Navios Partners. 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 received 100% of the first $2.5 in profits above the base rate, and thereafter all profits were 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 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 December 2015, the Company redelivered Navios Hope to Navios Partners. In February 2015, the Company chartered-in from Navios Partners the Navios Pollux, a 2009-built Capesize vessel. The term of this charter was 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 February 2016, the Company redelivered Navios Pollux to Navios Partners. In March 2015, the Company chartered-in from Navios Partners the Navios Gemini, a 1994-built Panamax vessel. The term of this charter was 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 January 2016, the Company redelivered Navios Gemini to Navios Partners. In April 2015, the Company chartered-in from Navios Partners the Navios Fantastiks, a 2005-built Capesize vessel. The terms of this charters is approximately ten months at a net daily rate of $12.5 plus 50/50 profit sharing 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 2016, the Company redelivered Navios Fantastiks to Navios Partners. 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 50/50 profit sharing on actual earnings. Any adjustment by the Company for hire expense/loss will be settled accordingly at the end of the charter period. In December 2015, in January 2016 and in April 2016, the Company redelivered all these vessels to Navios Partners. Total charter hire income/(expense) for all vessels for the three month periods ended June 30, 2016 and 2015 were $2,946 and $(8,778), respectively, and for the six month periods ended June 30, 2016 and 2015 were $(1,214) and $(14,919), respectively, and was included in the statement of comprehensive (loss)/income 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 fee to $9.5 per VLCC vessel. In May 2016, Navios Holdings amended its agreement with Navios Acquisition to fix the fees for ship management services of Navios Acquisition owned fleet at a daily fee of (i) $6.35 per MR2 product tanker and chemical tanker vessel; (ii) $7.15 per LR1 product tanker vessel; and (iii) $9.5 per VLCC through May 2018. Drydocking expenses under this agreement will be reimbursed at cost at occurrence for all vessels. Effective March 30, 2012, Navios Acquisition could, 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 would bear interest at a rate of 1% per annum over LIBOR. Commencing September 28, 2012, Navios Acquisition could, 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 would bear interest at a rate of 1% per annum over LIBOR. Total management fees for the three month periods ended June 30, 2016 and 2015 amounted to $24,318 and $24,293, respectively, and for the six month periods ended June 30, 2016 and 2015 amounted to $48,504 and $48,335, respectively, and are presented net under the caption “Direct vessel expenses”. 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 are reimbursed at cost on demand. Total management fees for the three month periods ended June 30, 2016 and 2015 amounted to $5,438 and $4,978, respectively, and for the six month periods ended June 30, 2016 and 2015 amounted to $10,393 and $10,247, 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, 2016 and 2015 amounted to $5,187 and $3,705, respectively, and for the six month periods ended June 30, 2016 and 2015 amounted to $10,374 and $7,125, 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 are reimbursed at cost on demand. Total management fees for the three month periods ended June 30, 2016 and 2015 amounted to $5,703 and $437, respectively, and for the six month periods ended June 30, 2016 and 2015 amounted to $11,466 and $437, respectively, and are presented net under the caption “Direct vessel expenses”. Navios Partners Guarantee: As of June 30, 2016, Navios Partners has submitted one claim under this agreement to the Company. As at June 30, 2016, the fair value of the claim was estimated at $19,445 and was recorded in “Other long-term liabilities and deferred income” in the consolidated balance sheet. General and administrative expenses incurred on behalf of affiliates/Administrative fee revenue from affiliates: Navios Holdings provides administrative services to Navios Acquisition. 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 for the three month periods ended June 30, 2016 and 2015 amounted to $2,375 and $1,935, respectively, and for the six month periods ended June 30, 2016 and 2015 amounted to $4,768 and $3,861, respectively. Navios Holdings provides administrative services to Navios Logistics. In April 2016, Navios Holdings extended the duration of its existing administrative services agreement with Navios Logistics until December 2021, 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 for the three month periods ended June 30, 2016 and 2015 amounted to $250 and $190, respectively, and for the six month periods ended June 30, 2016 and 2015 amounted to $500 and $380, respectively. 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 the three month periods ended June 30, 2016 and 2015 amounted to $323 and $201, respectively, and for the six month periods ended June 30, 2016 and 2015 amounted to $646 and $397, respectively. 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, 2016 and 2015 amounted to $375 and $214, respectively, and for the six month periods ended June 30, 2016 and 2015 amounted to $750 and $414, 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 for the three month periods ended June 30, 2016 and 2015 amounted to $453 and $27, respectively, and for the six month periods ended June 30, 2016 and 2015 amounted to $906 and $27, respectively. Balance due from affiliates (excluding Navios Europe I and Navios Europe II): Balance due to affiliates (excluding Navios Europe I & Navios Europe II) as of June 30, 2016 amounted to The balances mainly consisted of management fees, 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 Facilities: 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, and bore fixed interest of 600 basis points. All amounts drawn under this facility were fully repaid by the maturity date of December 29, 2014. In 2010, Navios Acquisition entered into a $40,000 credit facility with Navios Holdings, which matured in December 2015. The facility was available for multiple drawings up to a limit of $40,000 and has a margin of LIBOR plus 300 basis points. As of its maturity date, December 31, 2015, all amounts drawn have been fully repaid and there was no outstanding amount under this facility 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 basis points. The final maturity date is January 2, 2017. As of June 30, 2016, there was no outstanding amount under this facility. In April 2016, Navios Partners has drawn $21,000 from the Navios Partners Credit Facility, which was fully repaid during April 2016. 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, 2016, the outstanding amount relating to the Navios Revolving Loans I was $7,125 (December 31, 2015: $7,125), under the caption “Loan receivable from affiliate companies.” As of June 30, 2016, the available amount under 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, 2016, the outstanding amount relating to Navios Holdings' portion under the Navios Revolving Loans II was $11,602 (December 31, 2015: $7,327), under the caption “Loan receivable from affiliate companies.” As of June 30, 2016, the amount undrawn from the Revolving Loans II was $14,075, of which Navios Holdings is committed to fund $6,686.

Preferred and Common Stock

Preferred and Common Stock	6 Months Ended
	Jun. 30, 2016
PREFERRED AND COMMON STOCK [Abstract]
PREFERRED AND COMMON STOCK	NOTE 9: PREFERRED AND COMMON STOCK Issuances to Employees and Exercise of Options During both the six month periods ended June 30, 2016 and 2015, no options were exercised, pursuant to the stock plan approved by the Board of Directors. On December 11, 2015, pursuant to the stock plan approved by the Board of Directors, Navios Holdings granted to its employees 2,540,000 shares of restricted common stock, and 1,000,000 stock options. Vested, Surrendered and Forfeited During the six month periods ended June 30, 2016 and 2015, 21,301 and 15,000 restricted stock units, respectively, issued to the Company's employees vested. During the six month periods ended June 30, 2016 and 2015, 2,850 and 2,223 restricted shares of common stock, respectively, were forfeited upon termination of employment. Cumulative Perpetual 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 Series 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. Conversion of Preferred Stock In February 2016, Navios Holdings announced the suspension of payment of quarterly dividends on its preferred stock, including the Series G and Series H. Total undeclared preferred dividends as of June 30, 2016 were $7,340. Navios Holdings had outstanding as of June 30, 2016 and December 31, 2015, 109,538,620 and 110,468,753 shares of common stock, respectively, and 73,935 (20,000 Series G, 48,000 Series H and 5,935 shares of convertible preferred stock) as of both June 30, 2016 and December 31, 2015. Acquisition of Treasury Stock In November 2015, the Board of Directors approved a share repurchase program for up to $25,000 of the Navios Holdings' common stock. Share repurchases were made pursuant to a program adopted under Rule 10b5-1 under the Securities Exchange Act. Repurchases were subject to restrictions under the terms of the Company's credit facilities and indenture. The program did not require any minimum purchase or any specific number or amount of shares and could be suspended or reinstated at any time in the Company's discretion and without notice. In particular, Navios Holdings, pursuant to the terms of its Series G and Series H, may not redeem, repurchase or otherwise acquire its common stock or preferred shares, including the Series G and Series H (other than through an offer made to all holders of Series G and Series H) unless full cumulative dividends on Series G and Series H, when payable, have been paid. In total, up until February 2016, 1,147,908 shares were repurchased under this program, for a total consideration of $1,071. Since that time, this program has been suspended by the Company.

Other (Expense)_Income, net

Other (Expense)/Income, net	6 Months Ended
	Jun. 30, 2016
OTHER (EXPENSE)/INCOME, NET [Abstract]
OTHER (EXPENSE)/INCOME, NET	NOTE 10: OTHER (EXPENSE)/INCOME, NET During the six month period ended June 30, 2016 and 2015, taxes other-than income taxes of Navios Logistics amounted to $4,735 and $6,419, respectively, and were included in the statements of comprehensive loss within the caption “Other (expense)/income, net”. In March 2016, the Company agreed with a charterer for the early redelivery of one of its vessels in exchange for $13,000 in cash and settlement of outstanding claims payable to the charterer amounting to $1,871. The total amount of $14,871 was included in the statement of comprehensive (loss)/income within the caption of “Other (expense)/income, net”.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2016
SEGMENT INFORMATION [Abstract]
SEGMENT INFORMATION	NOTE 11: SEGMENT INFORMATION The Company currently has two reportable segments from which it derives its revenues: Dry bulk 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 Dry bulk 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 (loss)/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, 2016 2015 2016 2015 2016 2015 Revenue $ 46,991 $ 53,583 $ 58,742 $ 66,256 $ 105,733 $ 119,839 Administrative fee revenue from affiliates 5,463 3,882 — — 5,463 3,882 Interest expense and finance cost, net (20,869 ) (21,103 ) (5,829 ) (6,735 ) (26,698 ) (27,838 ) Depreciation and amortization (20,745 ) (20,888 ) (6,387 ) (6,591 ) (27,132 ) (27,479 ) Equity in net earnings of affiliated companies 3,424 17,968 — — 3,424 17,968 Net (loss)/income attributable to Navios Holdings common stockholders (31,112 ) (30,820 ) 4,696 6,007 (26,416 ) (24,813 ) Total assets 2,363,866 2,382,752 637,829 602,432 3,001,695 2,985,184 Goodwill 56,240 56,240 104,096 104,096 160,336 160,336 Capital expenditures (80 ) (480 ) (27,577 ) (6,484 ) (27,657 ) (6,964 ) Investments in affiliates 388,772 371,405 — — 388,772 371,405 Cash and cash equivalents 68,223 108,346 72,306 72,020 140,529 180,366 Restricted cash 2,671 906 — — 2,671 906 Long-term debt (including current and non-current portion) $ 1,236,709 $ 1,216,896 $ 392,187 $ 367,127 $ 1,628,896 $ 1,584,023 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, 2016 2015 2016 2015 2016 2015 Revenue $ 93,259 $ 106,801 $ 113,961 $ 131,318 $ 207,220 $ 238,119 Administrative fee revenue from affiliates 10,945 7,804 — — 10,945 7,804 Interest expense and finance cost, net (42,415 ) (42,328 ) (12,033 ) (13,548 ) (54,448 ) (55,876 ) Depreciation and amortization (33,898 ) (35,626 ) (13,061 ) (13,058 ) (46,959 ) (48,684 ) Equity in net earnings of affiliated companies 16,376 31,880 — — 16,376 31,880 Net (loss)/income attributable to Navios Holdings common stockholders (42,199 ) (58,025 ) 8,318 6,534 (33,881 ) (51,491 ) Total assets 2,363,866 2,382,752 637,829 602,432 3,001,695 2,985,184 Goodwill 56,240 56,240 104,096 104,096 160,336 160,336 Capital expenditures (60,213 ) (2,276 ) (47,831 ) (8,926 ) (108,044 ) (11,202 ) Investments in affiliates 388,772 371,405 — — 388,772 371,405 Cash and cash equivalents 68,223 108,346 72,306 72,020 140,529 180,366 Restricted cash 2,671 906 — — 2,671 906 Long-term debt (including current and non-current portion) $ 1,236,709 $ 1,216,896 $ 392,187 $ 367,127 $ 1,628,896 $ 1,584,023

Loss Per Common Share

Loss Per Common Share	6 Months Ended
	Jun. 30, 2016
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, 2016, 3,533,542 potential common shares and 5,935,000 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, 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 six month period ended June 30, 2016, 3,626,729 potential common shares and 5,935,000 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. Three Month Three Month Six Month Six Month Period Ended Period Ended Period Ended Period Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Numerator: Net loss attributable to Navios Holdings common stockholders $ (26,416 ) $ (24,813 ) $ (33,881 ) $ (51,491 ) Less: Dividend on Preferred Stock and on unvested restricted shares (3,971 ) (4,093 ) (7,941 ) (8,166 ) Loss available to Navios Holdings common stockholders, basic and diluted $ (30,387 ) $ (28,906 ) $ (41,822 ) $ (59,657 ) Denominator: Denominator for basic and diluted net loss per share attributable to Navios Holdings common stockholders — weighted average shares 106,009,049 105,401,820 106,022,826 105,251,590 Basic and diluted net losses per share attributable to Navios Holdings common stockholders $ (0.29 ) $ (0.27 ) $ (0.39 ) $ (0.57 )

Investments in Affiliates and A

Investments in Affiliates and Available-for-Sale Securities	6 Months Ended
	Jun. 30, 2016
INVESTMENTS IN AFFILIATES AND AVAILABLE-FOR-SALE SECURITIES [Abstract]
INVESTMENTS 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 2015, Navios Partners completed a public offering of 4,600,000 common units, 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 to Navios Holdings raising additional gross proceeds of $14,967. As of June 30, 2016, 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, 2016 and December 31, 2015, 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 $31,323 and $32,300, 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 (loss)/income and amortization of deferred gain of $(2,421) and $4,097 were recognized in “Equity in net earnings of affiliated companies” for the three month periods ended June 30, 2016 and 2015, respectively, and equity method (loss)/income and amortization of deferred gain of $(1,467) and $8,170 were recognized in “Equity in net earnings of affiliated Companies” for the six month periods ended June 30, 2016 and 2015, respectively. As of June 30, 2016 and December 31, 2015, the carrying amount of the investment in Navios Partners was $113,078 and $115,432, respectively. Dividends received during the three month periods ended June 30, 2016 and 2015 were $0 and $8,124, respectively, and for the six month periods ended June 30, 2016 and 2015 were $0 and $16,248, respectively. As of June 30, 2016, the market value of the investment in Navios Partners was $21,981. 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, 2016 and December 31, 2015, the carrying amount of the investment was $209 and $175, respectively. During both the three and six month periods ended June 30, 2016 and 2015, the Company received dividends of $85 and $0, respectively. Navios Acquisition As of June 30, 2016, Navios Holdings had a 43.3% voting and a 46.3% economic interest in Navios Acquisition. As of June 30, 2016 and December 31, 2015, 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 $(1,227) and $1,480, 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 $5,474 and $13,426 were recognized in “Equity in net earnings of affiliated companies” for the three month periods ended June 30, 2016 and 2015, respectively, and total equity method income of $17,038 and $22,961 was recognized for the six month periods ended June 30, 2016 and 2015, respectively. As of June 30, 2016 and December 31, 2015, the carrying amount of the investment in Navios Acquisition was $263,026 and $253,286, respectively. Dividends received for each of the three month periods ended June 30, 2016 and 2015 were $3,649, and for each of the six month periods ended June 30, 2016 and 2015 were $7,298. As of June 30, 2016, the market value of the investment in Navios Acquisition was $114,574. 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 I, 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. The initial investment in Navios Europe I of $4,750 at the inception included the Company's share of the basis difference between the fair value and the underlying book value of the assets of Navios Europe I, which amounted to $6,763. This difference is amortized through “Equity in net earnings of affiliated companies” over the remaining life of Navios Europe I. As of June 30, 2016 and December 31, 2015, the unamortized basis difference of Navios Europe I was $5,048, and $5,386, respectively. As of June 30, 2016 and December 31, 2015, the estimated maximum potential loss by Navios Holdings in Navios Europe I would have been $17,011 and $15,763, respectively, which represents the Company's carrying value of its investment including accrued interest, of $7,564 (December 31, 2015: $6,895) plus the Company's balance of the Navios Revolving Loans I of $9,447 (December 31, 2015: $8,868), including accrued interest, and does not include the undrawn portion of the Navios Revolving Loans I. Income of $330 and $399 was recognized in “Equity in net earnings of affiliated companies” for the three month periods ended June 30, 2016 and 2015, respectively, and income of $669 and $560 was recognized for the six month periods ended June 30, 2016 and 2015, respectively. As of June 30, 2016 and December 31, 2015, the carrying amount of the investment in Navios Europe I was $5,765 and $5,497, respectively. Navios Europe II On February 18, 2015, Navios Holdings, Navios Acquisition and Navios Partners established Navios Europe II. From June 8, 2015 through December 31, 2015, Navios Europe II acquired 14 vessels for aggregate consideration consisting of: (i) cash consideration of $145,550 (which was funded with the proceeds of a $131,550 senior loan facilities (the “Senior Loans II”) and loans aggregating $14,000 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 $182,150 and fair value $99,147 at the acquisition date. 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. The initial investment in Navios Europe II recorded under the equity method of $6,650, at the inception included the Company's share of the basis difference between the fair value and the underlying book value of the assets of Navios Europe II, which amounted to $9,419. This difference is amortized through “Equity in net earnings of affiliated companies” over the remaining life of Navios Europe II. As of June 30, 2016 and December 31, 2015, the unamortized basis difference of Navios Europe II was $8,424 and $8,895, respectively. As of June 30, 2016 and December 31, 2015, the estimated maximum potential loss by Navios Holdings in Navios Europe II would have been $21,083 and $15,858, respectively, which represents the Company's carrying value of its investment including accrued interest of $7,974 (December 31, 2015: $7,958) plus the Company's balance of the Navios Revolving Loans II of $13,109 (December 31, 2015: $7,900), including accrued interest, and does not include the undrawn portion of the Navios Revolving Loans II. (Loss)/income of $(73) and $33 was recognized in “Equity in net earnings of affiliated companies” for the three month periods ended June 30, 2016 and 2015, respectively, and income of $16 and $33 was recognized for the six month periods ended June 30, 2016 and 2015, respectively. As of June 30, 2016 and December 31, 2015, the carrying amount of the investment in Navios Europe II was $6,672 and $7,333, respectively. Summarized financial information of the affiliated companies is presented below: June 30, 2016 December 31, 2015 Balance Sheet Navios Partners Navios Acquisition Navios Europe I Navios Europe II Navios Partners Navios Acquisition Navios Europe I Navios Europe II Cash and cash equivalents, including restricted cash $ 26,899 $ 76,440 $ 10,209 $ 16,905 $ 34,539 $ 61,645 $ 11,839 $ 17,366 Current assets 33,220 116,301 14,785 19,620 39,835 97,349 14,782 22,539 Non-current assets 1,255,142 1,645,018 174,842 240,120 1,310,456 1,676,742 179,023 245,154 Current liabilities 55,573 96,957 16,382 15,433 41,528 82,798 15,377 16,897 Long- term debt including current portion, net 555,007 1,164,765 91,326 124,215 598,078 1,197,583 96,580 129,185 Financial liabilities at fair value* n/a n/a 70,930 18,777 n/a n/a 68,535 23,568 Non-current liabilities 517,172 1,098,360 180,488 174,176 576,548 1,143,922 182,537 173,543 (*) representing the fair value of Junior Loan I and Junior Loan II, respectively. Three Month Period Ended June 30, 2016 Three Month Period Ended June 30, 2015 Income Statement Navios Partners Navios Acquisition Navios Europe I Navios Europe II Navios Partners Navios Acquisition Navios Europe I Navios Europe II Revenue $ 44,877 $ 74,495 $ 10,418 $ 6,760 $ 56,473 $ 80,408 $ 10,765 $ 994 Net (loss)/income before non-cash change in fair value of Junior Loan I and Junior Loan II n/a n/a (449 ) (6,889 ) n/a n/a 527 414 Net (loss)/income (16,807 ) 12,184 (1,955 ) (3,220 ) 11,355 26,362 (1,069 ) 414 Six Month Period Ended June 30, 2016 Six Month Period Ended June 30, 2015 Income Statement Navios Partners Navios Acquisition Navios Europe I Navios Europe II Navios Partners Navios Acquisition Navios Europe I Navios Europe II Revenue $ 90,518 $ 154,914 $ 20,530 $ 14,726 $ 113,259 $ 159,019 $ 19,860 $ 994 Net (loss)/income before non-cash change in fair value of Junior Loan I and Junior Loan II n/a n/a (739 ) (11,913 ) n/a n/a (1,355 ) 414 Net (loss)/income (16,598 ) 35,954 (3,134 ) (7,122 ) 22,234 46,396 (4,800 ) 414 Investments in available-for-sale securities During 2013, the Company received shares of Korea Line Corporation (“KLC”), and during 2015 and 2016, 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 in respect of the employment of the Company's vessels. The shares were valued at fair value upon the day of issuance. As of June 30, 2016 and December 31, 2015, the Company retained a total of 354,093 and 344,649 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”). The Company has no other types of available-for-sale securities. As of June 30, 2016 and December 31, 2015, the carrying amount of the available-for-sale securities related to KLC and STX was $5,303 and $5,173, respectively. As of June 30, 2016, the Company considered the decline in fair value of its available-for-sale shares as “other-than-temporary” and therefore recognized a loss of $345 out of accumulated other comprehensive loss. The respective loss was included in other (expense)/income, net in the accompanying consolidated statement of comprehensive loss. As of June 30, 2016 and 2015, the unrealized holding losses related to these AFS Securities included in “Accumulated Other Comprehensive Loss” were $0 and $1,069, respectively. During the third quarter of 2016, the Company sold all KLC and STX securities it held as of June 30, 2016 for a total consideration of $5,303.

Other Financial Information

Other Financial Information	6 Months Ended
	Jun. 30, 2016
OTHER FINANCIAL INFORMATION [Abstract]
OTHER FINANCIAL INFORMATION	NOTE 14: OTHER FINANCIAL INFORMATION The Company's 2019 Notes 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)/income for the three months ended June 30, 2016 Revenue $ — $ 46,991 $ 58,742 $ — $ 105,733 Administrative fee revenue from affiliates — 5,463 — — 5,463 Time charter, voyage and logistics business expenses — (23,176 ) (12,919 ) — (36,095 ) Direct vessel expenses — (13,302 ) (21,383 ) — (34,685 ) General and administrative expenses incurred on behalf of affiliates — (5,463 ) — — (5,463 ) General and administrative expenses (1,777 ) (1,077 ) (3,538 ) — (6,392 ) Depreciation and amortization (701 ) (20,044 ) (6,387 ) — (27,132 ) Interest expense and finance cost, net (19,170 ) (1,699 ) (5,829 ) — (26,698 ) Other income/(expense), net 12 (524 ) (2,018 ) — (2,530 ) (Loss)/income before equity in net earnings of affiliated companies (21,636) (12,831) 6,668 — (27,799) (Loss)/income from subsidiaries (7,695 ) 4,701 — 2,994 — Equity in net earnings of affiliated companies 2,917 843 (336 ) — 3,424 (Loss)/income before taxes (26,414) (7,287) 6,332 2,994 (24,375) Income tax (expense)/benefit — (73 ) 694 — 621 Net (loss)/income (26,414) (7,360) 7,026 2,994 (23,754) Less: Net income attributable to the noncontrolling interest — — (2,662 ) — (2,662 ) Net (loss)/income attributable to Navios Holdings common stockholders $ (26,414) $ (7,360) $ 4,364 $ 2,994 $ (26,416) Other Comprehensive income/( loss) Unrealized holding gain/(loss) on investments in available-for-sale securities $ 495 $ 495 $ — $ (495 ) $ 495 Reclassification to earnings 345 345 — (345 ) 345 Total other comprehensive income/(loss) $ 840 $ 840 $ — $ (840) $ 840 Total comprehensive (loss)/income $ (25,574) $ (6,520) $ 7,026 $ 2,154 $ (22,914) Comprehensive income attributable to noncontrolling interest — — (2,662 ) — (2,662 ) Total comprehensive income/(loss) attributable to Navios Holdings common stockholders $ (25,574) $ (6,520) $ 4,364 $ 2,154 $ (25,576) Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Statement of comprehensive (loss)/income 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 gain/(loss) 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)/ loss attributable to noncontrolling interest — — (3,405 ) — (3,405 ) Total comprehensive(loss)/income 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 six months ended June 30, 2016 Revenue $ — $ 93,259 $ 113,961 $ — $ 207,220 Administrative fee revenue from affiliates — 10,945 — — 10,945 Time charter, voyage and logistics business expenses — (55,020 ) (27,456 ) — (82,476 ) Direct vessel expenses — (26,677 ) (38,082 ) — (64,759 ) General and administrative expenses incurred on behalf of affiliates — (10,945 ) — — (10,945 ) General and administrative expenses (3,134 ) (2,860 ) (6,836 ) — (12,830 ) Depreciation and amortization (1,443 ) (32,455 ) (13,061 ) — (46,959 ) Interest expense and finance cost, net (38,990 ) (3,425 ) (12,033 ) — (54,448 ) Other (expense)\income, net 60 12,249 (3,175 ) — 9,134 (Loss)/income before equity in net earnings of affiliated companies (43,507) (14,929) 13,318 — (45,118) (Loss)/income from subsidiaries (5,389 ) 8,322 — (2,933 ) — Equity in net earnings of affiliated companies 15,016 1,691 (331 ) — 16,376 (Loss)/income before taxes (33,880) (4,916) 12,987 (2,933) (28,742) Income tax expense — (142 ) (282 ) — (424 ) Net (loss)/income (33,880) (5,058) 12,705 (2,933) (29,166) Less: Net income attributable to the noncontrolling interest — — (4,715 ) — (4,715 ) Net (loss)/income attributable to Navios Holdings common stockholders $ (33,880) $ (5,058) $ 7,990 $ (2,933) $ (33,881) Other Comprehensive( loss)/ income Unrealized holding gain/(loss) on investments in available-for-sale securities $ 100 $ 100 $ — $ (100 ) $ 100 Reclassification to earnings 345 345 — (345 ) 345 Total other comprehensive loss $ 445 $ 445 $ — $ (445) $ 445 Total comprehensive (loss)/income $ (33,435) $ (4,613) $ 12,705 $ (3,378) $ (28,721) Comprehensive income attributable to noncontrolling interest — — (4,715 ) — (4,715 ) Total comprehensive (loss)/income attributable to Navios Holdings common stockholders $ (33,435) $ (4,613) $ 7,990 $ (3,378) $ (33,436) Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Statement of comprehensive (loss)/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)/loss 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 gain/(loss) 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) Balance Sheet as of June 30, 2016 Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Current assets Cash and cash equivalents $ 14,189 $ 54,033 $ 72,307 $ — $ 140,529 Restricted cash — 2,671 — — 2,671 Accounts receivable, net — 32,733 33,683 — 66,416 Intercompany receivables 4,972 60,536 74,276 (139,784 ) — Due from affiliate companies 1,409 15,741 311 — 17,461 Prepaid expenses and other current assets — 45,603 14,286 — 59,889 Total current assets 20,570 211,317 194,863 (139,784) 286,966 Vessels, port terminals and other fixed assets, net — 1,448,758 419,910 — 1,868,668 Deposits for vessel acquisitions — — 91,669 — 91,669 Investments in subsidiaries 1,644,420 294,044 — (1,938,464) — Investment in affiliates 364,515 12,668 11,589 — 388,772 Loan receivable from affiliate companies — 21,827 — — 21,827 Other long-term assets — 18,351 20,628 — 38,979 Goodwill and other intangibles 85,350 50,102 169,362 — 304,814 Total non-current assets 2,094,285 1,845,750 713,158 (1,938,464) 2,714,729 Total assets $ 2,114,855 $ 2,057,067 $ 908,021 $ (2,078,248) $ 3,001,695 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 440 $ 54,649 $ 25,891 $ — $ 80,980 Accrued expenses and other liabilities 33,656 50,034 17,595 — 101,285 Deferred income and cash received in advance — 5,234 6,660 — 11,894 Intercompany payables 139,784 — — (139,784 ) — Due to affiliate company — 24,365 — — 24,365 Current portion of capital lease obligations — — 3,000 — 3,000 Current portion of long-term debt — 20,548 2,968 — 23,516 Total current liabilities 173,880 154,830 56,114 (139,784) 245,040 Long-term debt, net of current portion 985,193 230,968 389,219 1,605,380 Capital lease obligations, net of current portion — — 15,555 — 15,555 Long term payable to affiliate companies — 6,430 — — 6,430 Other long-term liabilities and deferred income — 34,982 702 — 35,684 Deferred tax liability — — 11,515 — 11,515 Total non-current liabilities 985,193 272,380 416,991 — 1,674,564 Total liabilities 1,159,073 427,210 473,105 (139,784) 1,919,604 Noncontrolling interest — — 126,307 — 126,307 Total Navios Holdings stockholders' equity 955,782 1,629,857 308,609 (1,938,464) 955,784 Total liabilities and stockholders' equity $ 2,114,855 $ 2,057,067 $ 908,021 $ (2,078,248) $ 3,001,695 Balance Sheet as of December 31, 2015 Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Current assets Cash and cash equivalents $ 34,152 $ 47,753 $ 81,507 $ — $ 163,412 Restricted cash — 13,480 — — 13,480 Accounts receivable, net — 38,716 26,097 — 64,813 Intercompany receivables 10,360 38,108 74,573 (123,041 ) — Due from affiliate companies 4,833 7,836 — — 12,669 Prepaid expenses and other current assets 3 36,580 12,002 — 48,585 Total current assets 49,348 182,473 194,179 (123,041 ) 302,959 Deposits for vessels, port terminals and other fixed assets — 29,695 44,254 — 73,949 Vessels, port terminals and other fixed assets, net — 1,396,101 427,860 — 1,823,961 Investments in subsidiaries 1,636,433 285,726 — (1,922,159 ) — Investments in available-for-sale securities — 5,173 — — 5,173 Investments in affiliates 356,797 13,028 11,921 — 381,746 Loan receivable from affiliate companies — 16,474 — — 16,474 Other long-term assets — 21,325 22,433 — 43,758 Goodwill and other intangibles 86,793 52,829 171,171 — 310,793 Total non-current assets 2,080,023 1,820,351 677,639 (1,922,159 ) 2,655,854 Total assets $ 2,129,371 $ 2,002,824 $ 871,818 $ (2,045,200 ) $ 2,958,813 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 363 $ 45,913 $ 26,329 $ — $ 72,605 Accrued expenses and other liabilities 33,244 54,451 15,400 — 103,095 Deferred income and cash received in advance — 6,267 7,225 — 13,492 Intercompany payables 123,041 — — (123,041 ) — Due to affiliate companies — 17,791 — — 17,791 Current portion of capital lease obligations — — 2,929 — 2,929 Current portion of long-term debt — 16,875 69 — 16,944 Total current liabilities 156,648 141,297 51,952 (123,041 ) 226,856 Long-term debt, net of current portion 983,763 213,102 367,499 — 1,564,364 Capital lease obligations, net of current portion — — 17,720 — 17,720 Unfavorable lease terms — 7,526 — — 7,526 Other long-term liabilities and deferred income — 19,360 1,518 — 20,878 Deferred tax liability — — 10,917 — 10,917 Total non-current liabilities 983,763 239,988 397,654 — 1,621,405 Total liabilities 1,140,411 381,285 449,606 (123,041 ) 1,848,261 Noncontrolling interest — — 121,592 — 121,592 Total Navios Holdings stockholders' equity 988,960 1,621,539 300,620 (1,922,159 ) 988,960 Total liabilities and stockholders' equity $ 2,129,371 $ 2,002,824 $ 871,818 $ (2,045,200 ) $ 2,958,813 Navios Maritime Non Holdings Inc. Guarantor Guarantor Cash flow statement for the six months ended June 30, 2016 Issuer Subsidiaries Subsidiaries Eliminations Total Net cash (used in)/provided by operating activities $ (28,889) $ 52,146 $ 16,880 $ — $ 40,137 Cash flows from investing activities Loan to affiliate company — (4,275 ) — — (4,275 ) Acquisition of vessels — (60,115 ) — — (60,115 ) Deposits for vessel acquisitions — — (44,628) — (44,628 ) Purchase of property, equipment and other fixed assets — (97 ) (3,204 ) — (3,301 ) Net cash used in investing activities — (64,487) (47,832) — (112,319) Cash flows from financing activities Transfer (to)/from other group subsidiaries 13,426 (13,426 ) — — — Repayment of long-term debt and payment of principal — (18,081 ) (34 ) — (18,115 ) Proceeds from long-term loans, net of deferred finance fees — 39,128 23,880 — 63,008 Dividends paid (3,681 ) — — — (3,681 ) Decrease in restricted cash — 11,000 — — 11,000 Acquisition of treasury stock (819 ) — — — (819 ) Payments of obligations under capital leases — — (2,094 ) — (2,094 ) Net cash provided by financing activities 8,926 18,621 21,752 — 49,299 (Decrease)/ increase in cash and cash equivalents (19,963) 6,280 (9,200) — (22,883) Cash and cash equivalents, at beginning of period 34,152 47,753 81,507 — 163,412 Cash and cash equivalents, at end of period $ 14,189 $ 54,033 $ 72,307 $ — $ 140,529 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 provided(used in) /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

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2016
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	NOTE 15: SUBSEQUENT EVENTS During July and August 2016, the Company repurchased $31,965 of its 2019 Notes for a cash consideration of $15,623.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Basis of presentation	(a) Basis of presentation:
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, 2016 was 20.1%, which includes a 2.0% general partner interest); (ii) Navios Acquisition and its subsidiaries (economic interest as of June 30, 2016 was 46.3%); (iii) Acropolis Chartering and Shipping Inc. (“Acropolis”) (economic interest as of June 30, 2016 was 35.0%); (iv) Navios Europe I and Navios Europe II and their subsidiaries (economic interest as of June 30, 2016 was 47.5% in each).
Recent Accounting Pronouncements	(c) Recent Accounting Pronouncements: In March 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718)”, which simplifies several aspects of accounting for share-based compensation including the tax consequences, classification of awards as equity or liabilities, forfeitures and classification on the statement of cash flows. ASU 2016-09 is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early application is permitted. The Company is currently assessing the impact that adopting this new accounting guidance will have on its consolidated financial statements and footnotes disclosures. In February 2016, FASB issued ASU 2016-02, “Leases (Topic 842)”. ASU 2016-02 will apply to both capital (or finance) leases and operating leases. According to ASU 2016-02, lessees will be required to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. The Company is currently assessing the impact that adopting this new accounting guidance will have on its consolidated financial statements and footnotes disclosures. In January 2016, FASB issued ASU 2016-01, “Financial Instruments—Overall (Subtopic 825-10)- Recognition and Measurement of Financial Assets and Financial Liabilities”. The amendments in this ASU require an entity (i) to measure equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) at fair value with changes in fair value recognized in net income; (ii) to perform a qualitative assessment to identify impairment in equity investments without readily determinable fair values; (iii) to present separately in other comprehensive income the fair value of a liability resulting from a change in the instrument-specific credit risk; and (iv) to present separately financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet. The amendments also eliminate the requirement, for public business entities, to disclose the methods and significant assumptions used to estimate the fair value of financial instruments measured at amortized cost on the balance sheet and clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity's other deferred tax assets. For public business entities, ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this new standard is not expected to have a material impact on the Company's results of operations, financial position or cash flows. In November 2015, FASB issued ASU 2015-17, “Income Taxes (Topic 740)- Balance Sheet Classification of Deferred Taxes”, which requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by the amendments in this ASU. 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 adoption of this new standard is not expected to have a material impact on the Company's results of operations, financial position or cash flows. In July 2015, FASB issued ASU 2015-11, “Inventory (Topic 330)- Simplifying the Measurement of Inventory”, which 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 the Company's results of operations, financial position or cash flows. In August 2014, FASB issued ASU 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 December 31, 2016. The adoption of the new standard is not expected to have a material impact on the Company's results of operations, financial position or cash flows. In May 2014, 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 which deferred 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. The Company 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, 2016
Vessels, Port Terminals and Other Fixed Assets, net	Vessels, Port Terminals and Other Fixed Assets, net Cost Accumulated Depreciation Net Book Value Balance December 31, 2015 $ 2,434,639 $ (610,678 ) $ 1,823,961 Additions 93,211 (48,504 ) 44,707 Balance June 30, 2016 $ 2,527,850 $ (659,182 ) $ 1,868,668

Intangible Assets Other Than 24

Intangible Assets Other Than Goodwill (Tables)	6 Months Ended
	Jun. 30, 2016
INTANGIBLE ASSETS OTHER THAN GOODWILL [Abstract]
Schedule of intangible assets	June 30, 2016 December 31, 2015 Intangible assets Acquisition cost (*) (***) $ 271,547 $ 271,547 Accumulated amortization (*) (127,069 ) (121,090 ) Total Intangible assets net book value 144,478 150,457 Unfavorable lease terms Acquisition cost (**) (24,721 ) (24,721 ) Accumulated amortization 17,407 17,195 Write offs (**) 7,314 — Unfavorable lease terms net book value — (7,526) Total Intangibles net book value $ 144,478 $ 142,931 (*) As of June 30, 2016 and December 31, 2015, intangible assets associated with favorable lease terms included an amount of $10,575 related to purchase options for the vessels. (**) (***) As of June 30, 2016 and December 31, 2015, the intangible liability associated with the unfavorable lease terms included an amount of $0 and $(467), respectively, related to purchase options held by third parties. During the six months ended June 30, 2016, $7,314 of unfavorable lease terms were written-off. This write-off resulted from the early redelivery of one vessel (See Note 10). During the six months ended June 30, 2016, acquisition cost and accumulated amortization of $17,407, of fully amortized unfavorable lease terms were written-off. As of June 30, 2016 and December 31, 2015, no purchase options held by third parties were exercised. As of June 30, 2016, Navios Logistics, had paid $17,000, for the expansion of its dry port terminal in Uruguay.
Schedule of aggregate amortization expense	Period Year One $ 11,939 Year Two 6,847 Year Three 6,326 Year Four 6,333 Year Five 6,326 Thereafter 96,132 Total $ 133,903

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2016
BORROWINGS [Abstract]
Loans' outstanding amounts	Facility June 30, 2016 December 31, 2015 Secured credit facilities $ 254,956 $ 233,136 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 24,520 390 Total borrowings 1,654,476 1,608,526 Less: current portion, net (23,516 ) (16,944 ) Less: deferred finance costs, net (25,580 ) (27,218 ) Total long-term borrowings $ 1,605,380 $ 1,564,364
Principal payments	Payment due by period June 30, 2017 $ 24,403 June 30, 2018 30,471 June 30, 2019 414,914 June 30, 2020 59,199 June 30, 2021 28,623 June 30, 2022 and thereafter 1,096,866 Total $ 1,654,476

Fair Value of Financial Instr26

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
FAIR VALUE OF FINANCIAL INSTRUMENTS [abstract]
Fair value of financial instruments	June 30, 2016 December 31, 2015 Book Value Fair Value Book Value Fair Value Cash and cash equivalents $ 140,529 $ 140,529 $ 163,412 $ 163,412 Restricted cash $ 2,671 $ 2,671 $ 13,480 $ 13,480 Investments in available-for-sale-securities $ 5,303 $ 5,303 $ 5,173 $ 5,173 Loan receivable from affiliate companies $ 21,827 $ 21,827 $ 16,474 $ 16,474 Capital lease obligations, including current portion $ (18,555 ) $ (18,555 ) $ (20,649 ) $ (20,649 Senior and ship mortgage notes, net $ (1,352,860) $ (692,238 ) $ (1,350,941 ) $ (735,002 Long-term debt, including current portion $ (276,036 ) $ (279,476 ) $ (230,367 ) $ (233,526 Long term payable to affiliate companies $ (6,430 ) $ (6,430 ) $ — $ —
Fair value measurements on a recurring basis	Fair Value Measurements as of June 30, 2016 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 $ 5,303 $ 5,303 $ — $ — Total $ 5,303 $ 5,303 $ — $ — Fair Value Measurements as of December 31, 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 $ 5,173 $ 5,173 $ — $ — Total $ 5,173 $ 5,173 $ — $ —
Fair value measurements on a nonrecurring basis	Fair Value Measurements at June 30, 2016 Total (Level I) (Level II) (Level III) Cash and cash equivalents $ 140,529 $ 140,529 $ — $ — Restricted cash $ 2,671 $ 2,671 $ — $ — Loan receivable from affiliate companies (2) $ 21,827 $ — $ 21,827 $ — Capital lease obligations, including current portion (1) $ (18,555 ) $ — $ (18,555 ) $ — Senior and ship mortgage notes $ (692,238 ) $ (692,238 ) $ — $ — Long-term debt, including current portion (1) $ (279,476 ) $ — $ (279,476 ) $ — Long term payable to affiliate companies (2) $ (6,430 ) $ — $ (6,430 ) $ — Fair Value Measurements at December 31, 2015 Total (Level I) (Level II) (Level III) Cash and cash equivalents $ 163,412 $ 163,412 $ — $ — Restricted cash $ 13,480 $ 13,480 $ — $ — Loan receivable from affiliate companies (2) $ 16,474 $ — $ 16,474 $ — Capital lease obligations, including current portion (1) $ (20,649 ) $ — $ (20,649 ) $ — Senior and ship mortgage notes $ (735,002 ) $ (735,002 ) $ — $ — Long-term debt, including current portion (1) $ (233,526 ) $ — $ (233,526 ) $ — (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 payable to affiliate companies is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account the counterparty's creditworthiness.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2016
COMMITMENTS AND CONTINGENCIES [Abstract]
Future minimum contractual obligations	In operation To be delivered Total June 30, 2017 $ 86,011 $ 14,217 $ 100,228 June 30, 2018 83,037 23,433 106,470 June 30, 2019 74,786 23,433 98,219 June 30, 2020 68,331 23,497 91,828 June 30, 2021 47,230 23,433 70,663 June 30, 2022 and thereafter 57,199 93,839 151,038 Total $ 416,594 $ 201,852 $ 618,446

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2016
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, 2016 2015 2016 2015 2016 2015 Revenue $ 46,991 $ 53,583 $ 58,742 $ 66,256 $ 105,733 $ 119,839 Administrative fee revenue from affiliates 5,463 3,882 — — 5,463 3,882 Interest expense and finance cost, net (20,869 ) (21,103 ) (5,829 ) (6,735 ) (26,698 ) (27,838 Depreciation and amortization (20,745 ) (20,888 ) (6,387 ) (6,591 ) (27,132 ) (27,479 Equity in net earnings of affiliated companies 3,424 17,968 — — 3,424 17,968 Net (loss)/income attributable to Navios Holdings common stockholders (31,112 ) (30,820 ) 4,696 6,007 (26,416 ) (24,813 Total assets 2,363,866 2,382,752 637,829 602,432 3,001,695 2,985,184 Goodwill 56,240 56,240 104,096 104,096 160,336 160,336 Capital expenditures (80 ) (480 ) (27,577 ) (6,484 ) (27,657 ) (6,964 Investments in affiliates 388,772 371,405 — — 388,772 371,405 Cash and cash equivalents 68,223 108,346 72,306 72,020 140,529 180,366 Restricted cash 2,671 906 — — 2,671 906 Long-term debt (including current and non-current portion) $ 1,236,709 $ 1,216,896 $ 392,187 $ 367,127 $ 1,628,896 $ 1,584,023 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, 2016 2015 2016 2015 2016 2015 Revenue $ 93,259 $ 106,801 $ 113,961 $ 131,318 $ 207,220 $ 238,119 Administrative fee revenue from affiliates 10,945 7,804 — — 10,945 7,804 Interest expense and finance cost, net (42,415 ) (42,328 ) (12,033 ) (13,548 ) (54,448 ) (55,876 Depreciation and amortization (33,898 ) (35,626 ) (13,061 ) (13,058 ) (46,959 ) (48,684 Equity in net earnings of affiliated companies 16,376 31,880 — — 16,376 31,880 Net (loss)/income attributable to Navios Holdings common stockholders (42,199 ) (58,025 ) 8,318 6,534 (33,881 ) (51,491 Total assets 2,363,866 2,382,752 637,829 602,432 3,001,695 2,985,184 Goodwill 56,240 56,240 104,096 104,096 160,336 160,336 Capital expenditures (60,213 ) (2,276 ) (47,831 ) (8,926 ) (108,044 ) (11,202 Investments in affiliates 388,772 371,405 — — 388,772 371,405 Cash and cash equivalents 68,223 108,346 72,306 72,020 140,529 180,366 Restricted cash 2,671 906 — — 2,671 906 Long-term debt (including current and non-current portion) $ 1,236,709 $ 1,216,896 $ 392,187 $ 367,127 $ 1,628,896 $ 1,584,023

Loss Per Common Share (Tables)

Loss Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2016
LOSS PER COMMON SHARE [Abstract]
(Loss)/Earnings per share, basic and diluted	Three Month Three Month Six Month Six Month Period Ended Period Ended Period Ended Period Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Numerator: Net loss attributable to Navios Holdings common stockholders $ (26,416 ) $ (24,813 ) $ (33,881 ) $ (51,491 ) Less: Dividend on Preferred Stock and on unvested restricted shares (3,971 ) (4,093 ) (7,941 ) (8,166 ) Loss available to Navios Holdings common stockholders, basic and diluted $ (30,387 ) $ (28,906 ) $ (41,822 ) $ (59,657 ) Denominator: Denominator for basic and diluted net loss per share attributable to Navios Holdings common stockholders — weighted average shares 106,009,049 105,401,820 106,022,826 105,251,590 Basic and diluted net losses per share attributable to Navios Holdings common stockholders $ (0.29 ) $ (0.27 ) $ (0.39 ) $ (0.57 )

Investments in Affiliates and30

Investments in Affiliates and Available-for-Sale Securities (Tables)	6 Months Ended
	Jun. 30, 2016
INVESTMENTS IN AFFILIATES AND AVAILABLE-FOR-SALE SECURITIES [Abstract]
Financial information of affiliate companies, balance sheet	June 30, 2016 December 31, 2015 Balance Sheet Navios Partners Navios Acquisition Navios Europe I Navios Europe II Navios Partners Navios Acquisition Navios Europe I Navios Europe II Cash and cash equivalents, including restricted cash $ 26,899 $ 76,440 $ 10,209 $ 16,905 $ 34,539 $ 61,645 $ 11,839 $ 17,366 Current assets 33,220 116,301 14,785 19,620 39,835 97,349 14,782 22,539 Non-current assets 1,255,142 1,645,018 174,842 240,120 1,310,456 1,676,742 179,023 245,154 Current liabilities 55,573 96,957 16,382 15,433 41,528 82,798 15,377 16,897 Long- term debt including current portion, net 555,007 1,164,765 91,326 124,215 598,078 1,197,583 96,580 129,185 Financial liabilities at fair value* n/a n/a 70,930 18,777 n/a n/a 68,535 23,568 Non-current liabilities 517,172 1,098,360 180,488 174,176 576,548 1,143,922 182,537 173,543 (*) representing the fair value of Junior Loan I and Junior Loan II, respectively.
Financial information of affiliate companies, income statement	Three Month Period Ended June 30, 2016 Three Month Period Ended June 30, 2015 Income Statement Navios Partners Navios Acquisition Navios Europe I Navios Europe II Navios Partners Navios Acquisition Navios Europe I Navios Europe II Revenue $ 44,877 $ 74,495 $ 10,418 $ 6,760 $ 56,473 $ 80,408 $ 10,765 $ 994 Net (loss)/income before non-cash change in fair value of Junior Loan I and Junior Loan II n/a n/a (449 ) (6,889 ) n/a n/a 527 414 Net (loss)/income (16,807 ) 12,184 (1,955 ) (3,220 ) 11,355 26,362 (1,069 ) 414 Six Month Period Ended June 30, 2016 Six Month Period Ended June 30, 2015 Income Statement Navios Partners Navios Acquisition Navios Europe I Navios Europe II Navios Partners Navios Acquisition Navios Europe I Navios Europe II Revenue $ 90,518 $ 154,914 $ 20,530 $ 14,726 $ 113,259 $ 159,019 $ 19,860 $ 994 Net (loss)/income before non-cash change in fair value of Junior Loan I and Junior Loan II n/a n/a (739 ) (11,913 ) n/a n/a (1,355 ) 414 Net (loss)/income (16,598 ) 35,954 (3,134 ) (7,122 ) 22,234 46,396 (4,800 ) 414

Other Financial Information (Ta

Other Financial Information (Tables)	6 Months Ended
	Jun. 30, 2016
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)/income for the three months ended June 30, 2016 Revenue $ — $ 46,991 $ 58,742 $ — $ 105,733 Administrative fee revenue from affiliates — 5,463 — — 5,463 Time charter, voyage and logistics business expenses — (23,176 ) (12,919 ) — (36,095 ) Direct vessel expenses — (13,302 ) (21,383 ) — (34,685 ) General and administrative expenses incurred on behalf of affiliates — (5,463 ) — — (5,463 ) General and administrative expenses (1,777 ) (1,077 ) (3,538 ) — (6,392 ) Depreciation and amortization (701 ) (20,044 ) (6,387 ) — (27,132 ) Interest expense and finance cost, net (19,170 ) (1,699 ) (5,829 ) — (26,698 ) Other income/(expense), net 12 (524 ) (2,018 ) — (2,530 ) (Loss)/income before equity in net earnings of affiliated companies (21,636) (12,831) 6,668 — (27,799) (Loss)/income from subsidiaries (7,695 ) 4,701 — 2,994 — Equity in net earnings of affiliated companies 2,917 843 (336 ) — 3,424 (Loss)/income before taxes (26,414) (7,287) 6,332 2,994 (24,375) Income tax (expense)/benefit — (73 ) 694 — 621 Net (loss)/income (26,414) (7,360) 7,026 2,994 (23,754) Less: Net income attributable to the noncontrolling interest — — (2,662 ) — (2,662 ) Net (loss)/income attributable to Navios Holdings common stockholders $ (26,414) $ (7,360) $ 4,364 $ 2,994 $ (26,416) Other Comprehensive income/( loss) Unrealized holding gain/(loss) on investments in available-for-sale securities $ 495 $ 495 $ — $ (495 ) $ 495 Reclassification to earnings 345 345 — (345 ) 345 Total other comprehensive income/(loss) $ 840 $ 840 $ — $ (840) $ 840 Total comprehensive (loss)/income $ (25,574) $ (6,520) $ 7,026 $ 2,154 $ (22,914) Comprehensive income attributable to noncontrolling interest — — (2,662 ) — (2,662 ) Total comprehensive income/(loss) attributable to Navios Holdings common stockholders $ (25,574) $ (6,520) $ 4,364 $ 2,154 $ (25,576) Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Statement of comprehensive (loss)/income 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 gain/(loss) 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)/ loss attributable to noncontrolling interest — — (3,405 ) — (3,405 ) Total comprehensive(loss)/income 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 six months ended June 30, 2016 Revenue $ — $ 93,259 $ 113,961 $ — $ 207,220 Administrative fee revenue from affiliates — 10,945 — — 10,945 Time charter, voyage and logistics business expenses — (55,020 ) (27,456 ) — (82,476 ) Direct vessel expenses — (26,677 ) (38,082 ) — (64,759 ) General and administrative expenses incurred on behalf of affiliates — (10,945 ) — — (10,945 ) General and administrative expenses (3,134 ) (2,860 ) (6,836 ) — (12,830 ) Depreciation and amortization (1,443 ) (32,455 ) (13,061 ) — (46,959 ) Interest expense and finance cost, net (38,990 ) (3,425 ) (12,033 ) — (54,448 ) Other (expense)\income, net 60 12,249 (3,175 ) — 9,134 (Loss)/income before equity in net earnings of affiliated companies (43,507) (14,929) 13,318 — (45,118) (Loss)/income from subsidiaries (5,389 ) 8,322 — (2,933 ) — Equity in net earnings of affiliated companies 15,016 1,691 (331 ) — 16,376 (Loss)/income before taxes (33,880) (4,916) 12,987 (2,933) (28,742) Income tax expense — (142 ) (282 ) — (424 ) Net (loss)/income (33,880) (5,058) 12,705 (2,933) (29,166) Less: Net income attributable to the noncontrolling interest — — (4,715 ) — (4,715 ) Net (loss)/income attributable to Navios Holdings common stockholders $ (33,880) $ (5,058) $ 7,990 $ (2,933) $ (33,881) Other Comprehensive( loss)/ income Unrealized holding gain/(loss) on investments in available-for-sale securities $ 100 $ 100 $ — $ (100 ) $ 100 Reclassification to earnings 345 345 — (345 ) 345 Total other comprehensive loss $ 445 $ 445 $ — $ (445) $ 445 Total comprehensive (loss)/income $ (33,435) $ (4,613) $ 12,705 $ (3,378) $ (28,721) Comprehensive income attributable to noncontrolling interest — — (4,715 ) — (4,715 ) Total comprehensive (loss)/income attributable to Navios Holdings common stockholders $ (33,435) $ (4,613) $ 7,990 $ (3,378) $ (33,436) Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Statement of comprehensive (loss)/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)/loss 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 gain/(loss) 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)
Other Financial Information Balance Sheet	Balance Sheet as of June 30, 2016 Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Current assets Cash and cash equivalents $ 14,189 $ 54,033 $ 72,307 $ — $ 140,529 Restricted cash — 2,671 — — 2,671 Accounts receivable, net — 32,733 33,683 — 66,416 Intercompany receivables 4,972 60,536 74,276 (139,784 ) — Due from affiliate companies 1,409 15,741 311 — 17,461 Prepaid expenses and other current assets — 45,603 14,286 — 59,889 Total current assets 20,570 211,317 194,863 (139,784) 286,966 Vessels, port terminals and other fixed assets, net — 1,448,758 419,910 — 1,868,668 Deposits for vessel acquisitions — — 91,669 — 91,669 Investments in subsidiaries 1,644,420 294,044 — (1,938,464) — Investment in affiliates 364,515 12,668 11,589 — 388,772 Loan receivable from affiliate companies — 21,827 — — 21,827 Other long-term assets — 18,351 20,628 — 38,979 Goodwill and other intangibles 85,350 50,102 169,362 — 304,814 Total non-current assets 2,094,285 1,845,750 713,158 (1,938,464) 2,714,729 Total assets $ 2,114,855 $ 2,057,067 $ 908,021 $ (2,078,248) $ 3,001,695 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 440 $ 54,649 $ 25,891 $ — $ 80,980 Accrued expenses and other liabilities 33,656 50,034 17,595 — 101,285 Deferred income and cash received in advance — 5,234 6,660 — 11,894 Intercompany payables 139,784 — — (139,784 ) — Due to affiliate company — 24,365 — — 24,365 Current portion of capital lease obligations — — 3,000 — 3,000 Current portion of long-term debt — 20,548 2,968 — 23,516 Total current liabilities 173,880 154,830 56,114 (139,784) 245,040 Long-term debt, net of current portion 985,193 230,968 389,219 1,605,380 Capital lease obligations, net of current portion — — 15,555 — 15,555 Long term payable to affiliate companies — 6,430 — — 6,430 Other long-term liabilities and deferred income — 34,982 702 — 35,684 Deferred tax liability — — 11,515 — 11,515 Total non-current liabilities 985,193 272,380 416,991 — 1,674,564 Total liabilities 1,159,073 427,210 473,105 (139,784) 1,919,604 Noncontrolling interest — — 126,307 — 126,307 Total Navios Holdings stockholders' equity 955,782 1,629,857 308,609 (1,938,464) 955,784 Total liabilities and stockholders' equity $ 2,114,855 $ 2,057,067 $ 908,021 $ (2,078,248) $ 3,001,695 Balance Sheet as of December 31, 2015 Navios Maritime Holdings Inc. Issuer Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations Total Current assets Cash and cash equivalents $ 34,152 $ 47,753 $ 81,507 $ — $ 163,412 Restricted cash — 13,480 — — 13,480 Accounts receivable, net — 38,716 26,097 — 64,813 Intercompany receivables 10,360 38,108 74,573 (123,041 ) — Due from affiliate companies 4,833 7,836 — — 12,669 Prepaid expenses and other current assets 3 36,580 12,002 — 48,585 Total current assets 49,348 182,473 194,179 (123,041 ) 302,959 Deposits for vessels, port terminals and other fixed assets — 29,695 44,254 — 73,949 Vessels, port terminals and other fixed assets, net — 1,396,101 427,860 — 1,823,961 Investments in subsidiaries 1,636,433 285,726 — (1,922,159 ) — Investments in available-for-sale securities — 5,173 — — 5,173 Investments in affiliates 356,797 13,028 11,921 — 381,746 Loan receivable from affiliate companies — 16,474 — — 16,474 Other long-term assets — 21,325 22,433 — 43,758 Goodwill and other intangibles 86,793 52,829 171,171 — 310,793 Total non-current assets 2,080,023 1,820,351 677,639 (1,922,159 ) 2,655,854 Total assets $ 2,129,371 $ 2,002,824 $ 871,818 $ (2,045,200 ) $ 2,958,813 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 363 $ 45,913 $ 26,329 $ — $ 72,605 Accrued expenses and other liabilities 33,244 54,451 15,400 — 103,095 Deferred income and cash received in advance — 6,267 7,225 — 13,492 Intercompany payables 123,041 — — (123,041 ) — Due to affiliate companies — 17,791 — — 17,791 Current portion of capital lease obligations — — 2,929 — 2,929 Current portion of long-term debt — 16,875 69 — 16,944 Total current liabilities 156,648 141,297 51,952 (123,041 ) 226,856 Long-term debt, net of current portion 983,763 213,102 367,499 — 1,564,364 Capital lease obligations, net of current portion — — 17,720 — 17,720 Unfavorable lease terms — 7,526 — — 7,526 Other long-term liabilities and deferred income — 19,360 1,518 — 20,878 Deferred tax liability — — 10,917 — 10,917 Total non-current liabilities 983,763 239,988 397,654 — 1,621,405 Total liabilities 1,140,411 381,285 449,606 (123,041 ) 1,848,261 Noncontrolling interest — — 121,592 — 121,592 Total Navios Holdings stockholders' equity 988,960 1,621,539 300,620 (1,922,159 ) 988,960 Total liabilities and stockholders' equity $ 2,129,371 $ 2,002,824 $ 871,818 $ (2,045,200 ) $ 2,958,813
Other Financial Information Cash Flow Statement	Navios Maritime Non Holdings Inc. Guarantor Guarantor Cash flow statement for the six months ended June 30, 2016 Issuer Subsidiaries Subsidiaries Eliminations Total Net cash (used in)/provided by operating activities $ (28,889) $ 52,146 $ 16,880 $ — $ 40,137 Cash flows from investing activities Loan to affiliate company — (4,275 ) — — (4,275 ) Acquisition of vessels — (60,115 ) — — (60,115 ) Deposits for vessel acquisitions — — (44,628) — (44,628 ) Purchase of property, equipment and other fixed assets — (97 ) (3,204 ) — (3,301 ) Net cash used in investing activities — (64,487) (47,832) — (112,319) Cash flows from financing activities Transfer (to)/from other group subsidiaries 13,426 (13,426 ) — — — Repayment of long-term debt and payment of principal — (18,081 ) (34 ) — (18,115 ) Proceeds from long-term loans, net of deferred finance fees — 39,128 23,880 — 63,008 Dividends paid (3,681 ) — — — (3,681 ) Decrease in restricted cash — 11,000 — — 11,000 Acquisition of treasury stock (819 ) — — — (819 ) Payments of obligations under capital leases — — (2,094 ) — (2,094 ) Net cash provided by financing activities 8,926 18,621 21,752 — 49,299 (Decrease)/ increase in cash and cash equivalents (19,963) 6,280 (9,200) — (22,883) Cash and cash equivalents, at beginning of period 34,152 47,753 81,507 — 163,412 Cash and cash equivalents, at end of period $ 14,189 $ 54,033 $ 72,307 $ — $ 140,529 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 provided(used in) /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

Description of Business (Detail

Description of Business (Details)	6 Months Ended
	Jun. 30, 2016
Navios Logistics
Subsidiary or Equity Method Investee [Line Items]
Ownership percentage of Navios Holdings	63.80%
Navios Partners
Subsidiary or Equity Method Investee [Line Items]
Ownership percentage of Navios Holdings	20.10%
General partner interest of Navios Holdings	2.00%
Navios Acquisition
Subsidiary or Equity Method Investee [Line Items]
Ownership percentage of Navios Holdings	46.30%
Percentage of voting stock of Navios Holdings in Navios Acquisition	43.30%
Navios Midstream
Subsidiary or Equity Method Investee [Line Items]
Ownership percentage of Navios Holdings	0.00%

Description of Business - Relat

Description of Business - Related Parties - Navios Europe I (Table) (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 18, 2013	Oct. 09, 2013
Navios Europe I
Related Party Transaction [Line Items]
Number of vessels		10
Navios Europe I
Related Party Transaction [Line Items]
Percentage of ownership	47.50%
Navios Europe I | Navios Holdings
Related Party Transaction [Line Items]
Percentage of ownership			47.50%
Percentage of voting stock held	50.00%
Navios Europe I | Navios Acquisition
Related Party Transaction [Line Items]
Percentage of ownership			47.50%
Percentage of voting stock held	50.00%
Navios Europe I | Navios Partners
Related Party Transaction [Line Items]
Percentage of ownership			5.00%
Percentage of voting stock held	0.00%
Tanker vessels | Navios Europe I
Related Party Transaction [Line Items]
Number of vessels	5
Container vessels | Navios Europe I
Related Party Transaction [Line Items]
Number of vessels	5

Description of Business - Rel34

Description of Business - Related Parties - Navios Europe II (Table) (Details)	6 Months Ended	7 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Feb. 18, 2015
Navios Europe II
Related Party Transaction [Line Items]
Number of vessels		14
Navios Europe II
Related Party Transaction [Line Items]
Percentage of ownership	47.50%
Navios Europe II | Navios Holdings
Related Party Transaction [Line Items]
Percentage of ownership			47.50%
Percentage of voting stock held	50.00%
Navios Europe II | Navios Acquisition
Related Party Transaction [Line Items]
Percentage of ownership			47.50%
Percentage of voting stock held	50.00%
Navios Europe II | Navios Partners
Related Party Transaction [Line Items]
Percentage of ownership			5.00%
Percentage of voting stock held	0.00%
Dry bulkers vessels | Navios Europe II
Related Party Transaction [Line Items]
Number of vessels	7
Container vessels | Navios Europe II
Related Party Transaction [Line Items]
Number of vessels	7

Summary of Significant Accoun35

Summary of Significant Accounting Policies - Basis Of Presentation, Subsidiaries, Affiliates and Restricted Cash (Details)	6 Months Ended
	Jun. 30, 2016
Navios Partners and its subsidiaries
Percentage of Navios Holdings ownership
Ownership percentage of Navios Holdings	20.10%
General partner interest of Navios Holdings	2.00%
Navios Acquisition and its subsidiaries
Percentage of Navios Holdings ownership
Ownership percentage of Navios Holdings	46.30%
Acropolis Chartering and Shipping Inc. ("Acropolis")
Percentage of Navios Holdings ownership
Ownership percentage of Navios Holdings	50.00%
Ownership percentage of Navios Holdings	35.00%
Navios Europe I
Percentage of Navios Holdings ownership
Ownership percentage of Navios Holdings	47.50%
Navios Europe II
Percentage of Navios Holdings ownership
Ownership percentage of Navios Holdings	47.50%
Navios Logistics
Percentage of Navios Holdings ownership
Ownership percentage of Navios Holdings	63.80%

Vessels, Port Terminals and O36

Vessels, Port Terminals and Other Fixed Assets, Net (Table) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Property Plant And Equipment [Line Items]
Balance	$ 1,823,961
Additions	44,707
Balance	1,868,668
Cost
Property Plant And Equipment [Line Items]
Balance	2,434,639
Additions	93,211
Balance	2,527,850
Accumulated Depreciation
Property Plant And Equipment [Line Items]
Balance	(610,678)
Additions	(48,504)
Balance	(659,182)
Net Book Value
Property Plant And Equipment [Line Items]
Balance	1,823,961
Additions	44,707
Balance	$ 1,868,668

Vessels, Port Terminals and O37

Vessels, Port Terminals and Other Fixed Assets, Net (Details) - USD ($) $ in Thousands	Jan. 12, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Jun. 03, 2016	Mar. 31, 2016
Property Plant And Equipment [Line Items]
Cash consideration for purchase of vessel		$ 60,115	$ 0
Purchase price obligation		18,555		$ 20,649
Repayments of obligations under capital leases		2,094	709
Payments for construction in progress		44,628	6,625
Vessels, Port Terminals and Other Fixed Assets
Property Plant And Equipment [Line Items]
Capitalized interest costs		$ 5,175		5,847
Navios Sphera
Property Plant And Equipment [Line Items]
Year Built		2,016
Date of delivery		Jan. 12, 2016
Vessel capacity in DWT		84,872 dwt
Total purchase price		$ 34,352
Navios Sphera and Navios Mars
Property Plant And Equipment [Line Items]
Cash consideration for purchase of vessel	$ 49,910
Amount transferred to vessels' cost						$ 29,695
Amount of loan used to finance purchase of vessel	$ 39,900
Navios Mars
Property Plant And Equipment [Line Items]
Year Built		2,016
Date of delivery		Jan. 12, 2016
Vessel capacity in DWT		181,259 dwt
Total purchase price		$ 55,458
Navios Logistics
Property Plant And Equipment [Line Items]
Total consideration paid for acquisition		$ 17,000
Navios Logistics | Ferni H
Property Plant And Equipment [Line Items]
Purchase price obligation			5,325
Expiration date of the capital lease agreement		January 2,020
Navios Logistics | San San H
Property Plant And Equipment [Line Items]
Purchase price obligation			5,150
Expiration date of the capital lease agreement		April 2,020
Navios Logistics | Ferni H and San San H
Property Plant And Equipment [Line Items]
Repayments of obligations under capital leases		$ 2,094	$ 710
Navios Logistics | Expansion of its dry port
Property Plant And Equipment [Line Items]
Payments for construction in progress		76,153		29,484
Navios Logistics | Three new pushboats, price per each
Property Plant And Equipment [Line Items]
Total purchase price					$ 7,344
Payments for construction in progress		$ 15,516		$ 14,770
Date of expected delivery		Q1 2017

Intangible Assets Other Than 38

Intangible Assets Other Than Goodwill (Table) (Details) - USD ($) $ in Thousands		Jun. 30, 2016		Dec. 31, 2015
Total Intangible assets
Acquired Finite Lived Intangible Assets [Line Items]
Acquisition cost	[1],[2]	$ 271,547		$ 271,547
Accumulated amortization	[1]	(127,069)		(121,090)
Net Book Value		144,478		150,457
Unfavorable lease terms
Acquired Finite Lived Intangible Assets [Line Items]
Acquisition cost	[3]	(24,271)		(24,721)
Accumulated amortization		17,407		17,195
Write offs		7,314	[3]	0
Net Book Value		0		(7,526)
Total
Acquired Finite Lived Intangible Assets [Line Items]
Net Book Value		$ 144,478		$ 142,931
[1]	As of June 30, 2016 and December 31, 2015, intangible assets associated with favorable lease terms included an amount of $10,575 related to purchase options for the vessels.
[2]	As of June 30, 2016, Navios Logistics, had paid $17,000, for the expansion of its dry port terminal in Uruguay.
[3]	As of June 30, 2016 and December 31, 2015, the intangible liability associated with the unfavorable lease terms included an amount of $0 and $(467), respectively, related to purchase options held by third parties. During the six months ended June 30, 2016, $7,314 of unfavorable lease terms were written-off. This write-off resulted from the early redelivery of one vessel (See Note 10). During the six months ended June 30, 2016, acquisition cost and accumulated amortization of $17,407, of fully amortized unfavorable lease terms were written-off. As of June 30, 2016 and December 31, 2015, no purchase options held by third parties were exercised.

Intangible Assets Other Than 39

Intangible Assets Other Than Goodwill - Amortization Schedule (Table) (Details) $ in Thousands	Jun. 30, 2016USD ($)
Acquired Finite Lived Intangible Assets [Line Items]
Year One	$ 11,939
Year Two	6,847
Year Three	6,326
Year Four	6,333
Year Five	6,326
Thereafter	96,132
Total	$ 133,903

Intangible Assets Other Than 40

Intangible Assets Other Than Goodwill - Additional Details (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Intangible asset	$ 144,478		$ 144,478		$ 150,457
Unfavorable lease terms	0		0		7,526
Amortization of intangible assets	(2,922)	$ (3,887)		$ (1,657)
Amortization of intangible assets			1,546
Favorable lease terms
Intangible asset	10,575		10,575		10,575
Unfavorable lease terms
Unfavorable lease terms	$ 0		0		$ 467
Navios Logistics
Total consideration			$ 17,000

Borrowings (Table) (Details)

Borrowings (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Secured credit facilities	$ 254,956	$ 233,136
Total borrowings	1,654,476	1,608,526
Less: current portion, net	(23,516)	(16,944)
Less: deferred finance costs, net	(25,580)	(27,218)
Total long-term borrowings	1,605,380	1,564,364
Navios Logistics borrowings
Debt Instrument [Line Items]
Other long-term loans	24,520	390
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 borrowings
Debt Instrument [Line Items]
Senior Notes	$ 375,000	$ 375,000

Borrowings - Principal Payments

Borrowings - Principal Payments (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
BORROWINGS [Abstract]
June 30, 2017	$ 24,403
June 30, 2018	30,471
June 30, 2019	414,914
June 30, 2020	59,199
June 30, 2021	28,623
June 30, 2022 and thereafter	1,096,866
Total	$ 1,654,476	$ 1,608,526

Borrowings - Senior and Ship Mo

Borrowings - Senior and Ship Mortgage Notes Navios Holdings and Navios Logistics (Details) - USD ($) $ in Thousands	1 Months Ended	4 Months Ended	6 Months Ended	7 Months Ended	11 Months Ended
	Jan. 28, 2011	Apr. 22, 2014	Jun. 30, 2016	Jul. 31, 2012	Nov. 29, 2013	Nov. 30, 2009	Dec. 31, 2015
Senior Notes due 2019
Debt Instrument [Line Items]
Face amount at issuance date	$ 350,000
Issuance date/Date of agreement	Jan. 28, 2011
Fixed interest rate	8.125%
Amount oustanding			$ 350,000				$ 350,000
Redemption price percentage	104.063%
Senior Notes due 2019 | Upon occurrence of certain change of control events
Debt Instrument [Line Items]
Redemption price percentage	101.00%
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%
Amount oustanding			650,000				650,000
2022 Notes | From issuance date to January 14, 2017
Debt Instrument [Line Items]
Redemption price percentage					100.00%
2022 Notes | On or after January 15, 2017
Debt Instrument [Line Items]
Redemption price percentage					105.531%
2022 Notes | Upon occurrence of certain change of control events
Debt Instrument [Line Items]
Redemption price percentage					101.00%
2022 Notes | Indebtedness in connection with six vessels added as collateral
Debt Instrument [Line Items]
Amount used for repayment of debt					$ 123,257
2022 Senior Notes | Navios Logistics
Debt Instrument [Line Items]
Face amount at issuance date		$ 375,000
Issuance date/Date of agreement		Apr. 22, 2014
Fixed interest rate		7.25%
Amount oustanding			$ 375,000				$ 375,000
Maturity date		May 1, 2022
Maximum dividend percentage		6.00%
2022 Senior Notes | Navios Logistics | From issuance date to April 30, 2017
Debt Instrument [Line Items]
Redemption price percentage		100.00%
2022 Senior Notes | Navios Logistics | On or after May 1, 2017
Debt Instrument [Line Items]
Redemption price percentage		105.438%
2022 Senior Notes | Navios Logistics | Redemption using net proceeds of equity offering | From issuance date to April 30, 2017
Debt Instrument [Line Items]
Redemption price percentage		107.25%
2022 Senior Notes | Navios Logistics | Upon occurrence of certain change of control events
Debt Instrument [Line Items]
Redemption price percentage		101.00%
2022 Senior Notes | Navios Logistics | Minimum | Redemption using net proceeds of equity offering | From issuance date to April 30, 2017
Debt Instrument [Line Items]
Percentage of principal amount of debt outstanding after redemption		65.00%
2022 Senior Notes | Navios Logistics | Maximum | Redemption using net proceeds of equity offering | From issuance date to April 30, 2017
Debt Instrument [Line Items]
Percentage of principal amount redeemed		35.00%
2022 Senior Notes | All subsidiaries of Navios Logistics
Debt Instrument [Line Items]
Percentage of ownership			100.00%
2017 Notes
Debt Instrument [Line Items]
Face amount at issuance date				$ 88,000		$ 400,000
Issuance date/Date of agreement				Jul. 31, 2012		Nov. 30, 2009
Fixed interest rate						8.875%
Amount oustanding					$ 0
Maturity date						Nov. 1, 2017

Borrowings - Credit Facilities

Borrowings - Credit Facilities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Repayment installments	16
Amount outstanding	$ 254,956	$ 233,136
Secured debt
Debt Instrument [Line Items]
Repayment of debt	$ 18,080
Variable rate basis	LIBOR
Minimum liquidity	$ 40,000
Secured debt | Minimum
Debt Instrument [Line Items]
Maturity date	Sep. 30, 2018
Interest rate spread	2.25%
Value to loan ratio	1.15
Net total debt to assets	0.75
Secured debt | Minimum | Covenants waived for three to five quarters
Debt Instrument [Line Items]
Value to loan ratio	0.9
Net total debt to assets	0.8
Secured debt | Maximum
Debt Instrument [Line Items]
Maturity date	Nov. 30, 2022
Interest rate spread	3.60%
Value to loan ratio	1.3
Net total debt to assets	0.8
Secured debt | Maximum | Covenants waived for three to five quarters
Debt Instrument [Line Items]
Value to loan ratio	1.3
Net total debt to assets	0.9
Loan Facility DVB Bank SE ($41,000) to finance the acquisition of Navios Mars and Navios Sphera
Debt Instrument [Line Items]
Amount drawn down	$ 39,900
Unsecured Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	41,964
Line of credit facility remaining borrowing capacity	$ 14,140

Borrowings - Additional Informa

Borrowings - Additional Information (Details)	Jun. 30, 2016	Jun. 30, 2015
Three months ended
Annual weighted average interest rate	6.89%	7.08%
Six months ended
Annual weighted average interest rate	6.95%	7.04%

Borrowings - Repayment Terms an

Borrowings - Repayment Terms and Covenants (Details)	6 Months Ended
	Jun. 30, 2016
Senior Notes due 2019 | Navios Holdings borrowings
Debt Instrument [Line Items]
Repayment terms	The 2019 Co-Issuers have the option to redeem the 2019 Notes in whole or in part, 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.
2022 Notes | Navios Holdings borrowings
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.
Debt Instrument 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, 2016.
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.
Debt Instrument 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.

Fair Value of Financial Instr47

Fair Value of Financial Instruments - Fair Value (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents - Book Value	$ 140,529	$ 163,412	$ 180,366	$ 247,556
Cash and cash equivalents - Fair Value	140,529	163,412
Restricted cash - Book Value	2,671	13,480	$ 906
Restricted cash - Fair Value	2,671	13,480
Investments in available-for-sale securities - Book Value	5,303	5,173
Investments in available-for-sale securities - Fair Value	5,303	5,173
Loan receivable from affiliate companies - Book Value	21,827	16,474
Loan receivable from affiliate companies - Fair Value	21,827	16,474
Capital lease obligations, including current portion - Book Value	(18,555)	(20,649)
Capital lease obligations, including current portion - Fair Value	(18,555)	(20,649)
Senior and ship mortgage notes, net - Book Value	(1,352,860)	(1,350,941)
Senior and ship mortgage notes, net - Fair Value	(692,238)	(735,002)
Long-term debt, including current portion - Book Value	(276,036)	(230,367)
Long-term debt, including current portion - Fair Value	(279,476)	(233,526)
Long term payable to affiliate companies - Book Value	(6,430)	0
Long term payable to affiliate companies - Fair Value	$ (6,430)	$ 0

Fair Value of Financial Instr48

Fair Value of Financial Instruments - Recurring Measurements (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets
Investments in available-for-sale securities	$ 5,303	$ 5,173
Fair Value, Measurements, Recurring
Assets
Investments in available-for-sale securities	5,303	5,173
Total	5,303	5,173
Quoted Prices in Active Markets for Identical Assets (Level I) | Fair Value, Measurements, Recurring
Assets
Investments in available-for-sale securities	5,303	5,173
Total	$ 5,303	$ 5,173

Fair Value of Financial Instr49

Fair Value of Financial Instruments - Non-Recurring Measurements (Table) (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash and cash equivalents		$ 140,529	$ 163,412
Restricted cash		2,671	13,480
Loan receivable from affiliate companies		21,827	16,474
Capital lease obligations, including current portion		(18,555)	(20,649)
Senior and ship mortgage notes		(692,238)	(735,002)
Long-term debt, including current portion		(279,476)	(233,526)
Long term payable to affiliate companies		(6,430)	0
Fair Value, Measurements, Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash and cash equivalents		140,529	163,412
Restricted cash		2,671	13,480
Loan receivable from affiliate companies	[1]	21,827	16,474
Capital lease obligations, including current portion	[2]	(18,555)	(20,649)
Senior and ship mortgage notes		(692,238)	(735,002)
Long-term debt, including current portion	[2]	(279,476)	(233,526)
Long term payable to affiliate companies	[1]	(6,430)
(Level I) | Fair Value, Measurements, Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash and cash equivalents		140,529	163,412
Restricted cash		2,671	13,480
Senior and ship mortgage notes		(692,238)	(735,002)
(Level II) | Fair Value, Measurements, Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Loan receivable from affiliate companies	[1]	21,827	16,474
Capital lease obligations, including current portion	[2]	(18,555)	(20,649)
Long-term debt, including current portion	[2]	(279,476)	$ (233,526)
Long term payable to affiliate companies	[1]	$ (6,430)
[1]	The fair value of the Company's loan receivable from affiliate companies and long-term payable to affiliate companies is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as 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 - Navios Holdings F

Commitments - Navios Holdings Future Minimum Commitments for Chartered-In Vessels, Barges and Pushboats (Table) (Details) $ in Thousands	Jun. 30, 2016USD ($)
Operating Leased Assets [Line Items]
June 30, 2017	$ 100,228
June 30, 2018	106,470
June 30, 2019	98,219
June 30, 2020	91,828
June 30, 2021	70,663
June 30, 2022 and thereafter	151,038
Total	618,446
Charter-in vessels in operation
Operating Leased Assets [Line Items]
June 30, 2017	86,011
June 30, 2018	83,037
June 30, 2019	74,786
June 30, 2020	68,331
June 30, 2021	47,230
June 30, 2022 and thereafter	57,199
Total	416,594
Charter-in vessels to be delivered
Operating Leased Assets [Line Items]
June 30, 2017	14,217
June 30, 2018	23,433
June 30, 2019	23,433
June 30, 2020	23,497
June 30, 2021	23,433
June 30, 2022 and thereafter	93,839
Total	$ 201,852

Commitments and Contingencies51

Commitments and Contingencies (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Letters of guarantee and letters of credit	$ 590	$ 590
Vitol S.A. | Navios Logistics
Guarantee and indemnity letter	$ 12,000
Guarantees	Navios Logistics has issued a guarantee and indemnity letter that guarantees the performance by Petrolera San Antonio S.A. (a consolidated subsidiary) of all its obligations to Vitol S.A. up to $12,000. This guarantee expires on March 1, 2017.
Three pushboats | Navios Logistics
Contractual Obligation	$ 10,933
Expansion of dry port facility | Navios Logistics
Contractual Obligation	48,154
Chartered-in fleet acquisition | Navios Logistics
Contractual Obligation	$ 1,911

Transactions with Related Par52

Transactions with Related Parties (Details) € in Thousands, $ in Thousands	3 Months Ended		4 Months Ended	5 Months Ended		6 Months Ended			10 Months Ended	11 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Apr. 30, 2016USD ($)	Jun. 05, 2015	May 31, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2016EUR (€)	Jun. 30, 2015USD ($)	Nov. 11, 2014USD ($)	Nov. 18, 2014	Dec. 13, 2013	Dec. 31, 2015USD ($)	Dec. 31, 2014	Aug. 31, 2016USD ($)	Feb. 04, 2015	Dec. 31, 2013USD ($)
Dividends received						$ 0		$ 7,298
General and administrative expenses	$ 6,392	$ 8,668				12,830		15,479
Due from affiliate, total	16,183					16,183						$ 8,887
Due from affiliate, current	17,461					17,461						12,669
Due to affiliate, current	24,365					24,365						17,791
Due to affiliate non-current	6,430					6,430						0
Deferred gain recognized in Statement of Comprehensive Income	3,424	17,968				16,376		31,880
Credit facility outstanding amount	254,956					254,956						233,136
Loan receivable from affiliate companies - Book Value	21,827					21,827						16,474
Goldland Anonymos Eteria
Annual lease payments of office						1,052	€ 943
Acropolis
Commissions paid	0	2				0		6
Dividends received	85	0				85		0
Trade accounts payable	76					76						76
Navios Partners
Unamortized deferred gain for vessels and rights sold	12,793					12,793						13,680
Deferred gain recognized in Statement of Comprehensive Income	473	735				887		1,470
Maximum borrowing capacity					$ 60,000
Amount drawn down			$ 21,000
Credit facility outstanding amount	0					$ 0
Interest rate description					LIBOR plus 300 basis points
Loan margin percentage					3.00%
Credit facility maturity date					Jan. 2, 2017
Navios Acquisition
Credit facility termination date						Apr. 14, 2016	Apr. 14, 2016
Maximum borrowing capacity	50,000					$ 50,000			$ 200,000			40,000
Line Credit Facility Arrangement Fees									$ 4,000
Credit facility outstanding amount	0					$ 0						$ 40,000
Interest rate description						LIBOR plus 300 basis points	LIBOR plus 300 basis points					LIBOR plus 300 basis points
Loan margin percentage						3.00%	3.00%					3.00%
Fixed interest rate									6.00%
Credit facility maturity date						Dec. 31, 2018	Dec. 31, 2018					Dec. 31, 2015	Dec. 29, 2014
Navios Midstream
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 ('Midstream General Partner'), 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, 2016, 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 ('Midstream General Partner'), 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, 2016, Navios Holdings had not exercised any part of that option.
Affiliates excluding Navios Europe I & Navios Europe II
Due from affiliate, total	16,183					$ 16,183						$ 8,887
Due to affiliate, current	24,313					24,313						17,791
Due to affiliate non-current	6,430					6,430						0
Navios Partners Agreement
Maximum payout of company under Navios Partner's guarantee																$ 20,000
Amount of future charter payments covered by guarantee	19,445					19,445
General and administrative expenses	1,938	1,505				3,876		3,105
Navios Acquisition Agreement
General and administrative expenses	2,375	1,935				4,768		3,861
Navios Logistics Agreement
General and administrative expenses	250	190				500		380
Navios Europe I Agreement
General and administrative expenses	323	201				646		397
Administrative services agreement term in years											6 years
Navios Midstream Agreement
General and administrative expenses	375	214				750		414
Administrative services agreement term in years										5 years
Navios Europe II Agreement
General and administrative expenses	453	27				$ 906		27
Administrative services agreement term in years				6 years
Minimum | Navios Midstream
Option agreement percentage interests						25.00%	25.00%
Minimum | Share purchase agreement with Navios Partners
Ownership percentage of Navios Holdings															20.00%
Navios Partners
Dividends received	0	8,124				$ 0		16,248
Deferred gain recognized in Statement of Comprehensive Income	$ (2,421)	$ 4,097				$ (1,467)		$ 8,170
Ownership percentage of Navios Holdings	20.10%					20.10%
Navios Europe I
Due from affiliate, total	$ 1,747					$ 1,747						1,609
Due from affiliate, current	52					52						211
Due from affiliate, non current	$ 1,799					$ 1,799						1,398
Ownership percentage of Navios Holdings	47.50%					47.50%
Navios Europe I | Navios Revolving Loans I
Preferred Distribution Percentage						12.70%	12.70%
Loan receivable from affiliate companies - Book Value	$ 7,125					$ 7,125						7,125
Navios Europe I | Navios Revolving Loans I | Navios Holdings, Navios Acquisitions,Navios Partners
Available amount of loan facility	9,100					9,100
Navios Europe II
Due from affiliate, total	2,580					2,580						4,196
Due from affiliate, current	1,278					1,278						3,571
Due from affiliate, non current	$ 1,302					$ 1,302						625
Ownership percentage of Navios Holdings	47.50%					47.50%
Navios Europe II | Navios Revolving Loans II
Preferred Distribution Percentage						18.00%	18.00%
Loan receivable from affiliate companies - Book Value	$ 11,602					$ 11,602						$ 7,327
Funding Commitment | Navios Europe I | Navios Revolving Loans I
Available amount of loan facility	9,100					9,100								$ 4,323
Funding Commitment | Navios Europe II | Navios Revolving Loans II
Available amount of loan facility	$ 14,075					$ 14,075								$ 6,686

Transactions with Related Par53

Transactions with Related Parties - Vessels Charter Hire and Management Fees (Details) - USD ($)

1 Months Ended

2 Months Ended

3 Months Ended

4 Months Ended

5 Months Ended

6 Months Ended

11 Months Ended

24 Months Ended

Jan. 31, 2016

Jun. 30, 2016

Jun. 30, 2016

Jun. 30, 2015

Jun. 30, 2016

Jun. 05, 2015

May 28, 2014

Jun. 30, 2016

Jun. 30, 2015

Nov. 18, 2014

Dec. 13, 2013

Apr. 30, 2016

Voyage expenses

$ (8,778,000)

$ (1,214,000)

$ (14,919,000)

Voyage revenue

$ 2,946,000

Navios Apollon

Vessel year built

2,000

Vessel type

Ultra-Handymax

Navios Apollon | Charter hire agreement

Lease term

two years

Profit sharing, Percentage allocation based on earnings

50.00%

Date of agreement

Feb. 29, 2012

Navios Apollon | First year charter hire agreement

Charter hire daily rate

$ 12,500

Navios Apollon | Second year charter hire agreement

Charter hire daily rate

$ 13,500

Navios Apollon | Extended charter hire agreement

Lease term

six months

Charter hire daily rate

$ 13,500

Profit sharing, Percentage allocation based on earnings

50.00%

Date of agreement

Jan. 31, 2014

Navios Apollon | Further extension, Charter hire agreement

Lease term

one year

Charter hire daily rate

$ 12,500

Profit sharing, Percentage allocation based on earnings

50.00%

Date of agreement

Oct. 31, 2014

Navios Apollon | Second further extension, Charter hire agreement

Lease term

one year

Charter hire daily rate

$ 12,500

Profit sharing, Percentage allocation based on earnings

50.00%

Date of agreement

Apr. 30, 2015

Navios Prosperity

Vessel year built

2,007

Vessel type

Panamax

Navios Prosperity | Charter hire agreement

Lease term

one year with two six-month extension options

Charter hire daily rate

$ 12,000

Date of agreement

May 31, 2012

Navios Prosperity | Extended charter hire agreement

Lease term

one year

Date of agreement

Apr. 30, 2014

Navios Prosperity | Novation agreement

Date of agreement

Mar. 5, 2015

Navios Prosperity | First $1.5 milion in profits above the base rate | Extended charter hire agreement

Profit sharing, Percentage allocation based on earnings

100.00%

Navios Prosperity | Thereafter of the first $1.5 million in profits above the base rate | Extended charter hire agreement

Profit sharing, Percentage allocation based on earnings

50.00%

Navios Libra II

Vessel year built

1,995

Vessel type

Panamax

Navios Libra II | Charter hire agreement

Lease term

three years

Charter hire daily rate

$ 12,000

Profit sharing, Percentage allocation based on earnings

50.00%

Date of agreement

Sep. 30, 2012

Navios Libra II | Extended charter hire agreement

Lease term

one year

Charter hire daily rate

$ 12,000

Profit sharing, Percentage allocation based on earnings

50.00%

Date of agreement

Apr. 30, 2015

Navios Felicity

Vessel year built

1,997

Vessel type

Panamax

Navios Felicity | Charter hire agreement

Lease term

one year with two six-month extension options

Charter hire daily rate

$ 12,000

Date of agreement

May 31, 2013

Navios Felicity | Extended charter hire agreement

Date of agreement

Feb. 28, 2014

Navios Felicity | Extended charter hire agreement 2

Date of agreement

Aug. 31, 2014

Navios Felicity | Further extension, Charter hire agreement

Lease term

one year

Charter hire daily rate

$ 12,000

Profit sharing, Percentage allocation based on earnings

50.00%

Date of agreement

Apr. 30, 2015

Navios Felicity | First $1.5 milion in profits above the base rate | Charter hire agreement

Profit sharing, Percentage allocation based on earnings

100.00%

Navios Felicity | Thereafter of the first $1.5 million in profits above the base rate | Charter hire agreement

Profit sharing, Percentage allocation based on earnings

50.00%

Navios Aldebaran

Vessel year built

2,008

Vessel type

Panamax

Navios Aldebaran | Charter hire agreement

Lease term

six months with a six-month extension option

Charter hire daily rate

$ 11,000

Date of agreement

May 31, 2013

Navios Aldebaran | Extended charter hire agreement

Date of agreement

Dec. 31, 2013

Navios Aldebaran | Further extension, Charter hire agreement

Lease term

six to nine months

Date of agreement

Jul. 31, 2014

Navios Aldebaran | Novation agreement

Date of agreement

Feb. 28, 2015

Navios Aldebaran | First $2.5 millions in profits above the base rate | Extended charter hire agreement

Profit sharing, Percentage allocation based on earnings

100.00%

Navios Aldebaran | Thereafter of the first $2.5 millions in profits above the base rate | Extended charter hire agreement

Profit sharing, Percentage allocation based on earnings

50.00%

Navios Hope

Vessel year built

2,005

Vessel type

Panamax

Navios Hope | Charter hire agreement

Lease term

one year

Charter hire daily rate

$ 10,000

Date of agreement

Jul. 31, 2013

Navios Hope | Extended charter hire agreement

Lease term

six months

Date of agreement

Dec. 31, 2013

Navios Hope | Further extension, Charter hire agreement

Lease term

one year

Charter hire daily rate

$ 10,000

Profit sharing, Percentage allocation based on earnings

50.00%

Date of agreement

Jan. 31, 2015

Navios Pollux

Vessel year built

2,009

Vessel type

Capesize

Navios Pollux | Charter hire agreement

Lease term

one year

Charter hire daily rate

$ 11,400

Profit sharing, Percentage allocation based on earnings

50.00%

Date of agreement

Feb. 28, 2015

Navios Gemini

Vessel year built

1,994

Vessel type

Panamax

Navios Gemini | Charter hire agreement

Lease term

nine months

Charter hire daily rate

$ 7,600

Profit sharing, Percentage allocation based on earnings

50.00%

Date of agreement

Mar. 31, 2015

Navios Fantastiks

Vessel year built

2,005

Vessel type

Capesize

Navios Fantastiks | Charter hire agreement

Lease term

ten months

Charter hire daily rate

$ 12,500

Profit sharing, Percentage allocation based on earnings

50.00%

Date of agreement

Apr. 30, 2015

Navios Sun, Navios Orbiter, Navios Soleil, Navios Alegria, Navios Harmony and Navios Hyperion | Charter hire agreement

Charter hire daily rate

$ 12,000

Profit sharing, Percentage allocation based on earnings

50.00%

Date of agreement

Apr. 30, 2015

Navios Partners

Management fees

14,719,000

14,141,000

$ 29,438,000

27,542,000

Navios Partners | Ultra-Handymax vessel

Daily management fee

$ 4,000

$ 4,100

Navios Partners | Panamax vessel

Daily management fee

4,100

4,200

Navios Partners | Capesize vessel

Daily management fee

5,100

5,250

Navios Partners | Container vessel of 6,800 TEU

Daily management fee

6,500

6,700

Navios Partners | Container vessel more than 8,000 TEU

Daily management fee

7,200

7,400

Navios Partners | Container vessel more than 13,000 TEU

Daily management fee

$ 8,500

$ 8,750

Navios Acquisition

Management fees

24,318,000

24,293,000

$ 48,504,000

48,335,000

Terms of reimbursement of fees and expenses under the management agreement

Effective March 30, 2012, Navios Acquisition could, 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 would bear interest at a rate of 1% per annum over LIBOR. Commencing September 28, 2012, Navios Acquisition could, 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 would bear interest at a rate of 1% per annum over LIBOR.

Navios Acquisition | MR2 product tanker and chemical tanker vessel | Management agreement

Daily management fee

$ 6,350

$ 6,000

Fixed drydocking expenses

300,000

Navios Acquisition | MR2 product tanker and chemical tanker vessel | Extended management agreement

Daily management fee

$ 6,000

Navios Acquisition | LR1 product tanker vessel | Management agreement

Daily management fee

7,150

7,000

Fixed drydocking expenses

300,000

Navios Acquisition | LR1 product tanker vessel | Extended management agreement

Daily management fee

7,000

Navios Acquisition | VLCC vessel | Management agreement

Daily management fee

$ 9,500

$ 10,000

Navios Acquisition | VLCC vessel | Extended management agreement

Daily management fee

$ 9,500

Navios Europe I | Management agreement

Management fees

5,438,000

4,978,000

$ 10,393,000

10,247,000

Duration of agreements

6 years

Navios Midstream | Management agreement

Management fees

5,187,000

3,705,000

10,374,000

7,125,000

Duration of agreements

5 years

Navios Midstream | VLCC vessel | Management agreement

Termination date of agreement

Nov. 18, 2016

Daily management fee

$ 9,500

Navios Europe II | Management agreement

Management fees

$ 5,703,000

$ 437,000

$ 11,466,000

$ 437,000

Duration of agreements

6 years

Preferred and Common Stock (Det

Preferred and Common Stock (Details) - USD ($)	2 Months Ended	6 Months Ended		11 Months Ended
	Feb. 29, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 11, 2015	Dec. 31, 2015
Preferred stock shares outstanding		73,935			73,935
Common stock shares outstanding		109,538,620			110,468,753
Undeclared preferred dividends		$ 7,340,000
Acquisition of treasury stock, value (Note 9)		$ (819,000)
Restricted common stock
Number of common stock issued to employees				2,540,000
Forfeited shares of common stock		2,850	2,223
Restricted stock units
Vested stock units		21,301	15,000
Stock options
Number of common stock issued to employees				1,000,000
American Depositary Shares - The Series G
Preferred stock shares outstanding		20,000			20,000
Sale of Stock- Redemption price per share		$ 25
Depositary Shares		2,000,000
Dividend rate of preferred stock		8.75%
Preferred stock liquidation preference		$ 2,500
American Depositary Shares - The Series H
Preferred stock shares outstanding		48,000			48,000
Sale of Stock- Redemption price per share		$ 25
Depositary Shares		4,800,000
Dividend rate of preferred stock		8.625%
Preferred stock liquidation preference		$ 2,500
Convertible preferred stock
Conversion of Stock, Shares converted			840
Preferred stock shares outstanding		5,935			5,935
Sale of Stock- Redemption price per share		$ 10
Preferred stock liquidation preference		$ 10,000
Common Stock
Converted Shares of Common Stock			840,000
Acquisition of treasury stock, shares (Note 9)		(948,584)
Share Repurchase Program | Common Stock
Share repurchase program, Authorized amount		$ 25,000,000
Acquisition of treasury stock, shares (Note 9)	1,147,908
Acquisition of treasury stock, value (Note 9)	$ 1,071,000

Other (Expense)_Income, net (De

Other (Expense)/Income, net (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2016	Jun. 30, 2016	Jun. 30, 2015
Early redelivery of vessel
Schedule Of Equity Method Investments [Line Items]
Cash payment for early redelivery	$ 13,000
Other non-operating income	14,871
Early redelivery claims payable
Schedule Of Equity Method Investments [Line Items]
Other Income	$ 1,871
Other expense | Navios Logistics
Schedule Of Equity Method Investments [Line Items]
Other (expense)/income, net - taxes other than income taxes		$ 4,735	$ 6,419

Segment Information (Table) (De

Segment Information (Table) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenue	$ 105,733	$ 119,839	$ 207,220	$ 238,119
Administrative fee revenue from affiliates	5,463	3,882	10,945	7,804
Interest expense and finance cost, net	(26,698)	(27,838)	(54,448)	(55,876)
Depreciation and amortization	(27,132)	(27,479)	(46,959)	(48,684)
Equity in net earnings of affiliated companies	3,424	17,968	16,376	31,880
Net (loss)/income attributable to Navios Holdings common stockholders	(26,416)	(24,813)	(33,881)	(51,491)
Total assets	3,001,695	2,985,184	3,001,695	2,985,184	$ 2,958,813
Goodwill	160,336	160,336	160,336	160,336	160,336
Capital expenditures	(27,657)	(6,964)	(108,044)	(11,202)
Investments in affiliates	388,772	371,405	388,772	371,405	381,746
Cash and cash equivalents	140,529	180,366	140,529	180,366	163,412	$ 247,556
Restricted cash	2,671	906	2,671	906	$ 13,480
Long-term debt (including current and non-current portion)	1,628,896	1,584,023	1,628,896	1,584,023
Drybulk Vessel Operations
Segment Reporting Information [Line Items]
Revenue	46,991	53,583	93,259	106,801
Administrative fee revenue from affiliates	5,463	3,882	10,945	7,804
Interest expense and finance cost, net	(20,869)	(21,103)	(42,415)	(42,328)
Depreciation and amortization	(20,745)	(20,888)	(33,898)	(35,626)
Equity in net earnings of affiliated companies	3,424	17,968	16,376	31,880
Net (loss)/income attributable to Navios Holdings common stockholders	(31,112)	(30,820)	(42,199)	(58,025)
Total assets	2,363,866	2,382,752	2,363,866	2,382,752
Goodwill	56,240	56,240	56,240	56,240
Capital expenditures	(80)	(480)	(60,213)	(2,276)
Investments in affiliates	388,772	371,405	388,772	371,405
Cash and cash equivalents	68,223	108,346	68,223	108,346
Restricted cash	2,671	906	2,671	906
Long-term debt (including current and non-current portion)	1,236,709	1,216,896	1,236,709	1,216,896
Logistics Business
Segment Reporting Information [Line Items]
Revenue	58,742	66,256	113,961	131,318
Administrative fee revenue from affiliates	0	0	0	0
Interest expense and finance cost, net	(5,829)	(6,735)	(12,033)	(13,548)
Depreciation and amortization	(6,387)	(6,591)	(13,061)	(13,058)
Equity in net earnings of affiliated companies	0	0	0	0
Net (loss)/income attributable to Navios Holdings common stockholders	4,696	6,007	8,318	6,534
Total assets	637,829	602,432	637,829	602,432
Goodwill	104,096	104,096	104,096	104,096
Capital expenditures	(27,577)	(6,484)	(47,831)	(8,926)
Investments in affiliates	0		0
Cash and cash equivalents	72,306	72,020	72,306	72,020
Restricted cash	0	0	0	0
Long-term debt (including current and non-current portion)	$ 392,187	$ 367,127	$ 392,187	$ 367,127

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, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Numerator:
Net loss attributable to Navios Holdings common stockholders	$ (26,416)	$ (24,813)	$ (33,881)	$ (51,491)
Less:
Dividend on Preferred Stock and on unvested restricted shares	(3,971)	(4,093)	(7,941)	(8,166)
Loss available to Navios Holdings common stockholders, basic and diluted	$ (30,387)	$ (28,906)	$ (41,822)	$ (59,657)
Denominator:
Denominator for basic and diluted net loss per share attributable to Navios Holdings common stockholders - weighted average shares	106,009,049	105,401,820	106,022,826	105,251,590
Basic and diluted net losses per share attributable to Navios Holdings common stockholders	$ (0.29)	$ (0.27)	$ (0.39)	$ (0.57)

Loss Per Common Share (Details)

Loss Per Common Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Common shares
Shares with anti-dilutive effect, not included in calculation of earnings per share	3,533,542	1,881,641	3,626,729	1,775,306
Convertible Preferred Stock
Shares with anti-dilutive effect, not included in calculation of earnings per share	5,935,000	6,970,758	5,935,000	6,988,379

Investments in Affiliates and59

Investments in Affiliates and Available-for-Sale Securities (Table) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Navios Partners
Balance sheet
Cash and cash equivalents, including restricted cash		$ 26,899		$ 26,899		$ 34,539
Current assets		33,220		33,220		39,835
Non-current assets		1,255,142		1,255,142		1,310,456
Current liabilities		55,573		55,573		41,528
Long- term debt including current portion, net		555,007		555,007		598,078
Financial liabilities at fair value
Non-current liabilities		517,172		517,172		576,548
Income Statement
Revenue		44,877	$ 56,473	90,518	$ 113,259
Net (loss)/income before non-cash change in fair value of Junior Loan I and Junior Loan II
Net (loss)/income		(16,807)	11,355	(16,598)	22,234
Navios Acquisition
Balance sheet
Cash and cash equivalents, including restricted cash		76,440		76,440		61,645
Current assets		116,301		116,301		97,349
Non-current assets		1,645,018		1,645,018		1,676,742
Current liabilities		96,957		96,957		82,798
Long- term debt including current portion, net		1,164,765		1,164,765		1,197,583
Financial liabilities at fair value
Non-current liabilities		1,098,360		1,098,360		1,143,922
Income Statement
Revenue		74,495	80,408	154,914	159,019
Net (loss)/income before non-cash change in fair value of Junior Loan I and Junior Loan II
Net (loss)/income		12,184	26,362	35,954	46,396
Navios Europe I
Balance sheet
Cash and cash equivalents, including restricted cash		10,209		10,209		11,839
Current assets		14,785		14,785		14,782
Non-current assets		174,842		174,842		179,023
Current liabilities		16,382		16,382		15,377
Long- term debt including current portion, net		91,326		91,326		96,580
Financial liabilities at fair value	[1]	70,930		70,930		68,535
Non-current liabilities		180,488		180,488		182,537
Income Statement
Revenue		10,418	10,765	20,530	19,860
Net (loss)/income before non-cash change in fair value of Junior Loan I and Junior Loan II		(449)	527	(739)	(1,355)
Net (loss)/income		(1,955)	(1,069)	(3,134)	(4,800)
Navios Europe II
Balance sheet
Cash and cash equivalents, including restricted cash		16,905		16,905		17,366
Current assets		19,620		19,620		22,539
Non-current assets		240,120		240,120		245,154
Current liabilities		15,433		15,433		16,897
Long- term debt including current portion, net		124,215		124,215		129,185
Financial liabilities at fair value	[1]	18,777		18,777		23,568
Non-current liabilities		174,176		174,176		$ 173,543
Income Statement
Revenue		6,760	994	14,726	994
Net (loss)/income before non-cash change in fair value of Junior Loan I and Junior Loan II		(6,889)	414	(11,913)	414
Net (loss)/income		$ (3,220)	$ 414	$ (7,122)	$ 414
[1]	(*) representing the fair value of Junior Loan I and Junior Loan II, respectively.

Investments in Affiliates and60

Investments in Affiliates and Available-for-Sale Securities (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		6 Months Ended
	Feb. 28, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Schedule Of Equity Method Investments [Line Items]
Equity in net earnings of affiliated companies		$ 3,424	$ 17,968	$ 16,376	$ 31,880
Investments in affiliates		$ 388,772	371,405	388,772	371,405	$ 381,746
Dividends received				$ 0	7,298
Navios Partners
Schedule Of Equity Method Investments [Line Items]
Common Units issued in public offering	4,600,000
Proceeds From Issuance Of Common Limited Partners Units	$ 60,214
Proceeds from private placement of units to Navios Holdings	$ 14,967
Navios Partners | Private placement | Common units
Schedule Of Equity Method Investments [Line Items]
Private placement of units to Navios Holdings	1,120,547
Navios Partners | Private placement | General partner units
Schedule Of Equity Method Investments [Line Items]
Private placement of units to Navios Holdings	22,868
Navios Partners
Schedule Of Equity Method Investments [Line Items]
General partner interest of Navios Holdings				2.00%
General Partner units held by Navios Holdings		1,695,509		1,695,509
Common units held by Navios Holdings		15,344,310		15,344,310
Difference between carrying amount of investment and underlying equity in net assets of equity method investee		$ 31,323		$ 31,323		32,300
Equity in net earnings of affiliated companies		(2,421)	4,097	(1,467)	8,170
Investments in affiliates		113,078		113,078		115,432
Dividends received		$ 0	8,124	$ 0	16,248
Ownership percentage of Navios Holdings		20.10%		20.10%
Market value of the investment		$ 21,981		$ 21,981
Acropolis
Schedule Of Equity Method Investments [Line Items]
Investments in affiliates		209		209		175
Dividends received		$ 85	0	$ 85	0
Ownership percentage of Navios Holdings		35.00%		35.00%
Ownership Interest				50.00%
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]
Difference between carrying amount of investment and underlying equity in net assets of equity method investee		$ (1,227)		$ (1,227)		1,480
Equity in net earnings of affiliated companies		5,474	13,426	17,038	22,961
Investments in affiliates		263,026		263,026		$ 253,286
Dividends received		$ 3,649	$ 3,649	$ 7,298	$ 7,298
Ownership percentage of Navios Holdings		46.30%		46.30%
Percentage of voting stock of Navios Holdings in Navios Acquisition				43.30%
Market value of the investment		$ 114,574		$ 114,574

Investments in Affiliates and61

Investments in Affiliates and Available-for-Sale Securities - Navios Europe I and Navios Europe II (Details) $ in Thousands	2 Months Ended	3 Months Ended		6 Months Ended		7 Months Ended	12 Months Ended
	Feb. 18, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 18, 2013USD ($)	Oct. 09, 2013USD ($)
Investments In And Advances To Affiliates [Line Items]
Long-term debt		$ 1,628,896	$ 1,584,023	$ 1,628,896	$ 1,584,023
Investments in affiliates		388,772	371,405	388,772	371,405	$ 381,746	$ 381,746
Portion of the carrying balance of related party loan		21,827		21,827		16,474	16,474
Equity in net earnings of affiliated companies		3,424	17,968	16,376	31,880
Proceeds from long-term loans				63,008	0
Navios Europe I
Investments In And Advances To Affiliates [Line Items]
Difference between carrying amount of investment and underlying equity in net assets of equity method investee		5,048		5,048		5,386	5,386	$ 6,763
Estimated maximum potential loss				17,011			15,763
Investments in affiliates		7,564		7,564		6,895	6,895
Investments in affiliates		5,765		$ 5,765		5,497	5,497	$ 4,750
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.
Equity in net earnings of affiliated companies		330	399	$ 669	560
Number of vessels acquired								10
Navios Europe I | Navios Revolving Loans I
Investments In And Advances To Affiliates [Line Items]
Portion of the carrying balance of related party loan		9,447		9,447		8,868	8,868
Navios Europe I | Navios Revolving Loans I | Navios Holdings, Navios Acquisition and Navios Partners
Investments In And Advances To Affiliates [Line Items]
Line of credit facility maximum borrowing capacity									$ 24,100
Navios Europe I | 10 vessels | Navios Holdings, Navios Acquisition and Navios Partners
Investments In And Advances To Affiliates [Line Items]
Long-term debt								$ 10,000
Navios Europe II
Investments In And Advances To Affiliates [Line Items]
Difference between carrying amount of investment and underlying equity in net assets of equity method investee	$ 9,419	8,424		8,424		8,895	8,895
Estimated maximum potential loss				21,083			15,858
Investments in affiliates		7,974		7,974		7,958	7,958
Investments in affiliates	6,650	6,672		$ 6,672		$ 7,333	7,333
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 Loans II) according to a defined waterfall calculation.
Equity in net earnings of affiliated companies		(73)	$ 33	$ 16	$ 33
Number of vessels acquired						14
Proceeds from long-term loans						$ 131,550
Navios Europe II | New Junior Loan II
Investments In And Advances To Affiliates [Line Items]
Debt Instrument Face Amount						182,150	182,150
Loans Payable Fair Value Disclosure						99,147	99,147
Navios Europe II | Navios Revolving Loans II
Investments In And Advances To Affiliates [Line Items]
Portion of the carrying balance of related party loan		13,109		13,109		7,900	7,900
Navios Europe II | Navios Revolving Loans II | Navios Holdings, Navios Acquisition and Navios Partners
Investments In And Advances To Affiliates [Line Items]
Line of credit facility maximum borrowing capacity		$ 38,500		$ 38,500
Navios Europe II | 14 Vessels | Navios Holdings, Navios Acquisition and Navios Partners
Investments In And Advances To Affiliates [Line Items]
Long-term debt						$ 14,000	$ 14,000
Navios Europe II | 14 Vessels | Senior Loan $131.550
Investments In And Advances To Affiliates [Line Items]
Cash consideration	$ 145,550

Investments in Affiliates and62

Investments in Affiliates and Available-for-Sale Securities - Investments in Available-For-Sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Schedule Of Equity Method Investments [Line Items]
Reclassification to earnings		$ 345	$ 0	$ 345	$ 0
Investment in available-for-sale-securities		0		0		$ 5,173
Accumulated other comprehensive (loss)/income		$ 0	$ (1,069)	$ 0	$ (1,069)	$ (445)
KLC and STX
Schedule Of Equity Method Investments [Line Items]
Investment held in shares		354,093		354,093		344,649
Investment in available-for-sale-securities		$ 5,303		$ 5,303		$ 5,173
Consideration received from sale of available for sale securities	$ 5,303
Korea Line Corporation (''KLC'')
Schedule Of Equity Method Investments [Line Items]
Reclassification to earnings				$ (345)

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, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Financial Statements Captions [Line Items]
Revenue	$ 105,733	$ 119,839	$ 207,220	$ 238,119
Administrative fee revenue from affiliates	5,463	3,882	10,945	7,804
Time charter, voyage and logistics business expenses	(36,095)	(57,856)	(82,476)	(127,790)
Direct vessel expenses	(34,685)	(35,748)	(64,759)	(66,565)
General and administrative expenses incurred on behalf of affiliates	(5,463)	(3,882)	(10,945)	(7,804)
General and administrative expenses	(6,392)	(8,668)	(12,830)	(15,479)
Depreciation and amortization	(27,132)	(27,479)	(46,959)	(48,684)
Loss before equity in net earnings of affiliated companies	(27,799)	(41,071)	(45,118)	(81,510)
Equity in net earnings of affiliated companies	3,424	17,968	16,376	31,880
Loss before taxes	(24,375)	(23,103)	(28,742)	(49,630)
Income tax (expense)/benefit	621	1,695	(424)	1,843
Net loss	(23,754)	(21,408)	(29,166)	(47,787)
Less: Net income attributable to the noncontrolling interest	(2,662)	(3,405)	(4,715)	(3,704)
Net loss attributable to Navios Holdings common stockholders	(26,416)	(24,813)	(33,881)	(51,491)
Other Comprehensive income/(loss)
Unrealized holding gain/(loss) on investments in available-for-sale securities	495	(213)	100	(491)
Reclassification to earnings	345	0	345	0
Total other comprehensive income/(loss)	840	(213)	445	(491)
Total comprehensive loss	(22,914)	(21,621)	(28,721)	(48,278)
Comprehensive income attributable to the noncontrolling interest	(2,662)	(3,405)	(4,715)	(3,704)
Total comprehensive loss attributable to Navios Holdings common stockholders	(25,576)	(25,026)	(33,436)	(51,982)
Navios Maritime Holdings Inc. Issuer
Condensed Financial Statements Captions [Line Items]
General and administrative expenses	(1,777)	(1,096)	(3,134)	(2,214)
Depreciation and amortization	(701)	(701)	(1,443)	(1,394)
Interest expense and finance cost, net	(19,170)	(19,674)	(38,990)	(39,384)
Other income/(expense), net	12	(126)	60	(67)
Loss before equity in net earnings of affiliated companies	(21,636)	(21,597)	(43,507)	(43,059)
(Loss)/income from subsidiaries	(7,695)	(19,205)	(5,389)	(36,504)
Equity in net earnings of affiliated companies	2,917	15,989	15,016	28,072
Loss before taxes	(26,414)	(24,813)	(33,880)	(51,491)
Net loss	(26,414)	(24,813)	(33,880)	(51,491)
Net loss attributable to Navios Holdings common stockholders	(26,414)	(24,813)	(33,880)	(51,491)
Other Comprehensive income/(loss)
Unrealized holding gain/(loss) on investments in available-for-sale securities	495	(213)	100	(491)
Reclassification to earnings	345		345	0
Total other comprehensive income/(loss)	840	(213)	445	(491)
Total comprehensive loss	(25,574)	(25,026)	(33,435)	(51,982)
Total comprehensive loss attributable to Navios Holdings common stockholders	(25,574)	(25,026)	(33,435)	(51,982)
Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Revenue	46,991	53,583	93,259	106,801
Administrative fee revenue from affiliates	5,463	3,882	10,945	7,804
Time charter, voyage and logistics business expenses	(23,176)	(42,796)	(55,020)	(85,731)
Direct vessel expenses	(13,302)	(12,888)	(26,677)	(25,610)
General and administrative expenses incurred on behalf of affiliates	(5,463)	(3,882)	(10,945)	(7,804)
General and administrative expenses	(1,077)	(3,661)	(2,860)	(5,748)
Depreciation and amortization	(20,044)	(20,187)	(32,455)	(34,232)
Interest expense and finance cost, net	(1,699)	(1,429)	(3,425)	(2,944)
Other income/(expense), net	(524)	259	12,249	760
Loss before equity in net earnings of affiliated companies	(12,831)	(27,119)	(14,929)	(46,704)
(Loss)/income from subsidiaries	4,701	6,006	8,322	6,534
Equity in net earnings of affiliated companies	843	1,180	1,691	2,219
Loss before taxes	(7,287)	(19,933)	(4,916)	(37,951)
Income tax (expense)/benefit	(73)	(72)	(142)	(142)
Net loss	(7,360)	(20,005)	(5,058)	(38,093)
Net loss attributable to Navios Holdings common stockholders	(7,360)	(20,005)	(5,058)	(38,093)
Other Comprehensive income/(loss)
Unrealized holding gain/(loss) on investments in available-for-sale securities	495	(213)	100	(491)
Reclassification to earnings	345		345	0
Total other comprehensive income/(loss)	840	(213)	445	(491)
Total comprehensive loss	(6,520)	(20,218)	(4,613)	(38,584)
Total comprehensive loss attributable to Navios Holdings common stockholders	(6,520)	(20,218)	(4,613)	(38,584)
Non Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Revenue	58,742	66,256	113,961	131,318
Time charter, voyage and logistics business expenses	(12,919)	(15,060)	(27,456)	(42,059)
Direct vessel expenses	(21,383)	(22,860)	(38,082)	(40,955)
General and administrative expenses	(3,538)	(3,911)	(6,836)	(7,517)
Depreciation and amortization	(6,387)	(6,591)	(13,061)	(13,058)
Interest expense and finance cost, net	(5,829)	(6,735)	(12,033)	(13,548)
Other income/(expense), net	(2,018)	(3,454)	(3,175)	(5,928)
Loss before equity in net earnings of affiliated companies	6,668	7,645	13,318	8,253
Equity in net earnings of affiliated companies	(336)	799	(331)	1,589
Loss before taxes	6,332	8,444	12,987	9,842
Income tax (expense)/benefit	694	1,767	(282)	1,985
Net loss	7,026	10,211	12,705	11,827
Less: Net income attributable to the noncontrolling interest	(2,662)	(3,405)	(4,715)	(3,704)
Net loss attributable to Navios Holdings common stockholders	4,364	6,806	7,990	8,123
Other Comprehensive income/(loss)
Total comprehensive loss	7,026	10,211	12,705	11,827
Comprehensive income attributable to the noncontrolling interest	(2,662)	(3,405)	(4,715)	(3,704)
Total comprehensive loss attributable to Navios Holdings common stockholders	4,364	6,806	7,990	8,123
Eliminations
Condensed Financial Statements Captions [Line Items]
(Loss)/income from subsidiaries	2,994	13,199	(2,933)	29,970
Loss before taxes	2,994	13,199	(2,933)	29,970
Net loss	2,994	13,199	(2,933)	29,970
Net loss attributable to Navios Holdings common stockholders	2,994	13,199	(2,933)	29,970
Other Comprehensive income/(loss)
Unrealized holding gain/(loss) on investments in available-for-sale securities	(495)	213	(100)	491
Reclassification to earnings	(345)		(345)	0
Total other comprehensive income/(loss)	(840)	213	(445)	491
Total comprehensive loss	2,154	13,412	(3,378)	30,461
Total comprehensive loss attributable to Navios Holdings common stockholders	2,154	13,412	(3,378)	30,461
Total
Condensed Financial Statements Captions [Line Items]
Revenue	105,733	119,839	207,220	238,119
Administrative fee revenue from affiliates	5,463	3,882	10,945	7,804
Time charter, voyage and logistics business expenses	(36,095)	(57,856)	(82,476)	(127,790)
Direct vessel expenses	(34,685)	(35,748)	(64,759)	(66,565)
General and administrative expenses incurred on behalf of affiliates	(5,463)	(3,882)	(10,945)	(7,804)
General and administrative expenses	(6,392)	(8,668)	(12,830)	(15,479)
Depreciation and amortization	(27,132)	(27,479)	(46,959)	(48,684)
Interest expense and finance cost, net	(26,698)	(27,838)	(54,448)	(55,876)
Other income/(expense), net	(2,530)	(3,321)	9,134	(5,235)
Loss before equity in net earnings of affiliated companies	(27,799)	(41,071)	(45,118)	(81,510)
(Loss)/income from subsidiaries	0	0	0	0
Equity in net earnings of affiliated companies	3,424	17,968	16,376	31,880
Loss before taxes	(24,375)	(23,103)	(28,742)	(49,630)
Income tax (expense)/benefit	621	1,695	(424)	1,843
Net loss	(23,754)	(21,408)	(29,166)	(47,787)
Less: Net income attributable to the noncontrolling interest	(2,662)	(3,405)	(4,715)	(3,704)
Net loss attributable to Navios Holdings common stockholders	(26,416)	(24,813)	(33,881)	(51,491)
Other Comprehensive income/(loss)
Unrealized holding gain/(loss) on investments in available-for-sale securities	495	(213)	100	(491)
Reclassification to earnings	345		345	0
Total other comprehensive income/(loss)	840	(213)	445	(491)
Total comprehensive loss	(22,914)	(21,621)	(28,721)	(48,278)
Comprehensive income attributable to the noncontrolling interest	(2,662)	(3,405)	(4,715)	(3,704)
Total comprehensive loss attributable to Navios Holdings common stockholders	$ (25,576)	$ (25,026)	$ (33,436)	$ (51,982)

Other Financial Information - B

Other Financial Information - Balance Sheet (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Current assets [Abstract]
Cash and cash equivalents	$ 140,529	$ 163,412	$ 180,366	$ 247,556
Restricted cash	2,671	13,480	906
Accounts receivable, net	66,416	64,813
Due from affiliate companies	17,461	12,669
Total current assets	286,966	302,959
Vessels, port terminals and other fixed assets, net	1,868,668	1,823,961
Deposits for vessels, port terminals and other fixed assets	91,669	73,949
Investments in available-for-sale securities	0	5,173
Investments in affiliates	388,772	381,746	371,405
Loan receivable from affiliate companies	21,827	16,474
Total non-current assets	2,714,729	2,655,854
Total assets	3,001,695	2,958,813	2,985,184
Current liabilities
Accounts payable	80,980	72,605
Accrued expenses and other liabilities	101,285	103,095
Deferred income and cash received in advance	11,894	13,492
Due to affiliate companies	24,365	17,791
Current portion of capital lease obligations	3,000	2,929
Current portion of long-term debt	23,516	16,944
Total current liabilities	245,040	226,856
Capital lease obligations, net of current portion	15,555	17,720
Unfavorable lease terms	0	7,526
Long term payable to affiliate companies	6,430	0
Other long-term liabilities and deferred income	35,684	20,878
Deferred tax liability	11,515	10,917
Total non-current liabilities	1,674,564	1,621,405
Total liabilities	1,919,604	1,848,261
Noncontrolling interest	126,307	121,592
Total Navios Holdings' stockholders' equity	955,784	988,960
Total liabilities and stockholders' equity	3,001,695	2,958,813
Navios Maritime Holdings Inc. Issuer
Current assets [Abstract]
Cash and cash equivalents	14,189	34,152	32,017	98,539
Intercompany receivables	4,972	10,360
Due from affiliate companies	1,409	4,833
Prepaid expenses and other current assets		3
Total current assets	20,570	49,348
Investments in subsidiaries	1,644,420	1,636,433
Investments in affiliates	364,515	356,797
Goodwill and other intangibles	85,350	86,793
Total non-current assets	2,094,285	2,080,023
Total assets	2,114,855	2,129,371
Current liabilities
Accounts payable	440	363
Accrued expenses and other liabilities	33,656	33,244
Intercompany payables	139,784	123,041
Total current liabilities	173,880	156,648
Long-term debt, net of current portion	985,193	983,763
Total non-current liabilities	985,193	983,763
Total liabilities	1,159,073	1,140,411
Total Navios Holdings' stockholders' equity	955,782	988,960
Total liabilities and stockholders' equity	2,114,855	2,129,371
Guarantor Subsidiaries
Current assets [Abstract]
Cash and cash equivalents	54,033	47,753	76,329	77,085
Restricted cash	2,671	13,480
Accounts receivable, net	32,733	38,716
Intercompany receivables	60,536	38,108
Due from affiliate companies	15,741	7,836
Prepaid expenses and other current assets	45,603	36,580
Total current assets	211,317	182,473
Vessels, port terminals and other fixed assets, net	1,448,758	1,396,101
Deposits for vessels, port terminals and other fixed assets		29,695
Investments in subsidiaries	294,044	285,726
Investments in available-for-sale securities		5,173
Investments in affiliates	12,668	13,028
Loan receivable from affiliate companies	21,827	16,474
Other long-term assets	18,351	21,325
Goodwill and other intangibles	50,102	52,829
Total non-current assets	1,845,750	1,820,351
Total assets	2,057,067	2,002,824
Current liabilities
Accounts payable	54,649	45,913
Accrued expenses and other liabilities	50,034	54,451
Deferred income and cash received in advance	5,234	6,267
Due to affiliate companies	24,365	17,791
Current portion of long-term debt	20,548	16,875
Total current liabilities	154,830	141,297
Long-term debt, net of current portion	230,968	213,102
Unfavorable lease terms		7,526
Long term payable to affiliate companies	6,430
Other long-term liabilities and deferred income	34,982	19,360
Total non-current liabilities	272,380	239,988
Total liabilities	427,210	381,285
Total Navios Holdings' stockholders' equity	1,629,857	1,621,539
Total liabilities and stockholders' equity	2,057,067	2,002,824
Non Guarantor Subsidiaries
Current assets [Abstract]
Cash and cash equivalents	72,307	81,507	72,020	71,932
Accounts receivable, net	33,683	26,097
Intercompany receivables	74,276	74,573
Due from affiliate companies	311
Prepaid expenses and other current assets	14,286	12,002
Total current assets	194,863	194,179
Vessels, port terminals and other fixed assets, net	419,910	427,860
Deposits for vessels, port terminals and other fixed assets	91,669	44,254
Investments in affiliates	11,589	11,921
Other long-term assets	20,628	22,433
Goodwill and other intangibles	169,362	171,171
Total non-current assets	713,158	677,639
Total assets	908,021	871,818
Current liabilities
Accounts payable	25,891	26,329
Accrued expenses and other liabilities	17,595	15,400
Deferred income and cash received in advance	6,660	7,225
Current portion of capital lease obligations	3,000	2,929
Current portion of long-term debt	2,968	69
Total current liabilities	56,114	51,952
Long-term debt, net of current portion	389,219	367,499
Capital lease obligations, net of current portion	15,555	17,720
Other long-term liabilities and deferred income	702	1,518
Deferred tax liability	11,515	10,917
Total non-current liabilities	416,991	397,654
Total liabilities	473,105	449,606
Noncontrolling interest	126,307	121,592
Total Navios Holdings' stockholders' equity	308,609	300,620
Total liabilities and stockholders' equity	908,021	871,818
Eliminations
Current assets [Abstract]
Intercompany receivables	(139,784)	(123,041)
Total current assets	(139,784)	(123,041)
Investments in subsidiaries	(1,938,464)	(1,922,159)
Total non-current assets	(1,938,464)	(1,922,159)
Total assets	(2,078,248)	(2,045,200)
Current liabilities
Intercompany payables	(139,784)	(123,041)
Total current liabilities	(139,784)	(123,041)
Total liabilities	(139,784)	(123,041)
Total Navios Holdings' stockholders' equity	(1,938,464)	(1,922,159)
Total liabilities and stockholders' equity	(2,078,248)	(2,045,200)
Total
Current assets [Abstract]
Cash and cash equivalents	140,529	163,412	$ 180,366	$ 247,556
Restricted cash	2,671	13,480
Accounts receivable, net	66,416	64,813
Intercompany receivables	0	0
Due from affiliate companies	17,461	12,669
Prepaid expenses and other current assets	59,889	48,585
Total current assets	286,966	302,959
Vessels, port terminals and other fixed assets, net	1,868,668	1,823,961
Deposits for vessels, port terminals and other fixed assets	91,669	73,949
Investments in subsidiaries	0	0
Investments in available-for-sale securities		5,173
Investments in affiliates	388,772	381,746
Loan receivable from affiliate companies	21,827	16,474
Other long-term assets	38,979	43,758
Goodwill and other intangibles	304,814	310,793
Total non-current assets	2,714,729	2,655,854
Total assets	3,001,695	2,958,813
Current liabilities
Accounts payable	80,980	72,605
Accrued expenses and other liabilities	101,285	103,095
Deferred income and cash received in advance	11,894	13,492
Intercompany payables	0	0
Due to affiliate companies	24,365	17,791
Current portion of capital lease obligations	3,000	2,929
Current portion of long-term debt	23,516	16,944
Total current liabilities	245,040	226,856
Long-term debt, net of current portion	1,605,380	1,564,364
Capital lease obligations, net of current portion	15,555	17,720
Unfavorable lease terms		7,526
Long term payable to affiliate companies	6,430
Other long-term liabilities and deferred income	35,684	20,878
Deferred tax liability	11,515	10,917
Total non-current liabilities	1,674,564	1,621,405
Total liabilities	1,919,604	1,848,261
Noncontrolling interest	126,307	121,592
Total Navios Holdings' stockholders' equity	955,784	988,960
Total liabilities and stockholders' equity	$ 3,001,695	$ 2,958,813

Other Financial Information - C

Other Financial Information - Cash Flow Statement (Table) (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Condensed Financial Statements Captions [Line Items]
Net cash (used in)/provided by operating activities	$ 40,137	$ 1,739
Cash flows from investing activities
Acquisition of investments in affiliates	0	(20,471)
Loan to affiliate company	(4,275)	(3,289)
Decrease in long-term receivable from affiliate companies	0	9,488
Dividends from affiliate companies	0	7,298
Acquisition of vessels	(60,115)	0
Deposits for vessel acquisitions	(44,628)	(6,625)
Purchase of property, equipment and other fixed assets	(3,301)	(4,577)
Net cash used in investing activities	(112,319)	(18,176)
Cash flows from financing activities
Repayment of long-term debt and payment of principal	(18,115)	(31,022)
Dividends paid	(3,681)	(20,644)
Decrease in restricted cash	11,000	1,622
Acquisition of treasury stock	(819)	0
Net cash provided by/(used in) financing activities	49,299	(50,753)
Decrease in cash and cash equivalents	(22,883)	(67,190)
Cash and cash equivalents, beginning of period	163,412	247,556	$ 247,556
Cash and cash equivalents, end of period	140,529	180,366	163,412
Navios Maritime Holdings Inc. Issuer
Condensed Financial Statements Captions [Line Items]
Net cash (used in)/provided by operating activities	(28,889)	(20,906)
Cash flows from investing activities
Acquisition of investments in affiliates		(14,668)
Dividends from affiliate companies		7,298
Net cash used in investing activities	0	(7,370)
Cash flows from financing activities
Transfer (to)/from other group subsidiaries	13,426	(17,602)
Dividends paid	(3,681)	(20,644)
Acquisition of treasury stock	(819)
Net cash provided by/(used in) financing activities	8,926	(38,246)
Decrease in cash and cash equivalents	(19,963)	(66,522)
Cash and cash equivalents, beginning of period	34,152	98,539	98,539
Cash and cash equivalents, end of period	14,189	32,017	34,152
Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Net cash (used in)/provided by operating activities	52,146	12,887
Cash flows from investing activities
Acquisition of investments in affiliates		(4,275)
Loan to affiliate company	(4,275)	(3,289)
Decrease in long-term receivable from affiliate companies	0	9,488
Acquisition of vessels	(60,115)
Deposits for vessel acquisitions		(2,150)
Purchase of property, equipment and other fixed assets	(97)	(125)
Net cash used in investing activities	(64,487)	(351)
Cash flows from financing activities
Transfer (to)/from other group subsidiaries	(13,426)	16,074
Repayment of long-term debt and payment of principal	(18,081)	(30,988)
Proceeds from long-term loans, net of deferred finance fees	39,128
Decrease in restricted cash	11,000	1,622
Net cash provided by/(used in) financing activities	18,621	(13,292)
Decrease in cash and cash equivalents	6,280	(756)
Cash and cash equivalents, beginning of period	47,753	77,085	77,085
Cash and cash equivalents, end of period	54,033	76,329	47,753
Non Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Net cash (used in)/provided by operating activities	16,880	9,758
Cash flows from investing activities
Acquisition of investments in affiliates		(1,528)
Deposits for vessel acquisitions	(44,628)	(4,475)
Purchase of property, equipment and other fixed assets	(3,204)	(4,452)
Net cash used in investing activities	(47,832)	(10,455)
Cash flows from financing activities
Transfer (to)/from other group subsidiaries	0	1,528
Repayment of long-term debt and payment of principal	(34)	(34)
Proceeds from long-term loans, net of deferred finance fees	23,880
Payments of obligations under capital leases	(2,094)	(709)
Net cash provided by/(used in) financing activities	21,752	785
Decrease in cash and cash equivalents	(9,200)	88
Cash and cash equivalents, beginning of period	81,507	71,932	71,932
Cash and cash equivalents, end of period	72,307	72,020	81,507
Total
Condensed Financial Statements Captions [Line Items]
Net cash (used in)/provided by operating activities	40,137	1,739
Cash flows from investing activities
Acquisition of investments in affiliates		(20,471)
Loan to affiliate company	(4,275)	(3,289)
Decrease in long-term receivable from affiliate companies	0	9,488
Dividends from affiliate companies	0	7,298
Acquisition of vessels	(60,115)
Deposits for vessel acquisitions	(44,628)	(6,625)
Purchase of property, equipment and other fixed assets	(3,301)	(4,577)
Net cash used in investing activities	(112,319)	(18,176)
Cash flows from financing activities
Transfer (to)/from other group subsidiaries	0	0
Repayment of long-term debt and payment of principal	(18,115)	(31,022)
Proceeds from long-term loans, net of deferred finance fees	63,008
Dividends paid	(3,681)	(20,644)
Decrease in restricted cash	11,000	1,622
Acquisition of treasury stock	(819)
Payments of obligations under capital leases	(2,094)	(709)
Net cash provided by/(used in) financing activities	49,299	(50,753)
Decrease in cash and cash equivalents	(22,883)	(67,190)
Cash and cash equivalents, beginning of period	163,412	247,556	247,556
Cash and cash equivalents, end of period	$ 140,529	$ 180,366	$ 163,412

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent event $ in Thousands	2 Months Ended
	Aug. 31, 2016USD ($)
Subsequent Event [Line Items]
Debt instrument amount repurchased	$ 31,965
Repurchase of senior notes	$ 15,623