Navios Maritime (NMPRY) 6-K 7 Sep 23 2023 Q2 Current report (foreign) Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2023
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity Registrant Name	NAVIOS MARITIME HOLDINGS INC.
Entity Central Index Key	0001333172
Entity Address, Address Line One	Strathvale House, 90 N Church Street
Entity Address, City or Town	Grand Cayman
Entity Address, Country	KY
Entity Address, Postal Zip Code	KY1-1104

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 68,690	$ 78,541
Restricted cash	10	310
Accounts receivable, net	42,445	46,494
Inventories	10,251	10,468
Prepaid expenses and other current assets	10,099	8,268
Asset held for sale	3,907	0
Total current assets, continuing operations	135,402	144,081
Current assets from discontinued operations	0	3,489
Total current assets	135,402	147,570
Vessels, port terminals and other fixed assets, net	488,642	495,919
Investment in affiliate company	130,271	99,292
Other long-term assets	23,189	19,454
Operating lease assets	20,573	11,787
Intangible assets other than goodwill	46,103	46,193
Goodwill	104,096	104,096
Total non-current assets	812,874	776,741
Total assets	948,276	924,311
Current liabilities
Accounts payable	27,985	21,638
Accrued expenses and other liabilities	42,834	39,852
Deferred income and cash received in advance	4,639	4,271
Operating lease liabilities, current portion	2,704	834
Due to affiliate companies	$ 2,304	$ 1,642
Other Liability, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Current portion of long-term debt, net	$ 23,371	$ 23,544
Current portion of promissory note	0	10,000
Current portion of senior and ship mortgage notes, net	8,626	0
Total current liabilities, continuing operations	112,463	101,781
Current liabilities from discontinued operations	0	6,082
Total current liabilities	112,463	107,863
Senior and ship mortgage notes, net of current portion	490,107	496,608
Long-term debt, net of current portion	21,924	35,769
Convertible debenture payable to affiliate companies	121,202	118,833
Deferred voyage revenue, non-current portion	0	1,313
Other long-term liabilities and deferred income	885	927
Operating lease liabilities, net of current portion	17,867	10,953
Deferred tax liability	9,803	9,954
Total non-current liabilities	661,788	674,357
Total liabilities	774,251	782,220
Commitments and contingencies	0	0
Preferred Stock — $0.0001 par value, authorized 1,000,000 shares, 16,988 issued and outstanding as of both June 30, 2023 and December 31, 2022, respectively.	0	0
Common stock — $0.0001 par value, authorized 250,000,000 shares, 22,826,450 issued and outstanding as of both June 30, 2023 and December 31, 2022, respectively.	2	2
Additional paid-in capital	664,975	664,932
Accumulated deficit	(546,108)	(576,053)
Total Navios Holdings stockholders’ equity	118,869	88,881
Noncontrolling interest	55,156	53,210
Total stockholders’ equity	174,025	142,091
Total liabilities and stockholders’ equity	$ 948,276	$ 924,311

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock par value	$ 0.0001	$ 0.0001
Preferred stock shares authorized	1,000,000	1,000,000
Preferred stock shares oustanding	16,988	16,988
Preferred stock shares issued	16,988	16,988
Common stock par value	$ 0.0001	$ 0.0001
Common stock shares authorized	250,000,000	250,000,000
Common stock shares outstanding	22,826,450	22,826,450
Common stock shares issued	22,826,450	22,826,450

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenue	$ 81,898	$ 69,185	$ 147,310	$ 128,339
Time charter, voyage and logistics business expenses	(23,896)	(18,705)	(39,768)	(33,146)
Direct vessel expenses	(22,039)	(18,605)	(39,825)	(35,530)
General and administrative expenses	(6,983)	(4,782)	(12,363)	(8,829)
Depreciation and amortization	(7,916)	(8,127)	(15,657)	(16,073)
Interest expense and finance cost, net	(16,293)	(16,060)	(32,807)	(31,842)
Impairment loss/loss on sale of vessel	(1,651)	0	(1,651)	0
Other (expense)/income, net	(169)	2,647	(3,237)	1,204
Non-operating other finance cost	0	0	0	(24,000)
Income/(loss) before equity in net earnings of affiliate companies	2,951	5,553	2,002	(19,877)
Equity in net earnings of affiliate companies	15,210	13,160	31,297	22,958
Income before taxes	18,161	18,713	33,299	3,081
Income tax expense	(1,143)	(368)	(1,408)	(301)
Net income from continuing operations	17,018	18,345	31,891	2,780
Net income from discontinued operations	0	28,933	0	39,370
Net income	17,018	47,278	31,891	42,150
Less: Net income attributable to the noncontrolling interest	(1,538)	(2,318)	(1,946)	(2,190)
Net income attributable to Navios Holdings common stockholders	15,480	44,960	29,945	39,960
Net income attributable to Navios Holdings from continuing and discontinued operations:
Income attributable to Navios Holdings, diluted from continuing operations	15,480	16,027	29,945	590
Income attributable to Navios Holdings, basic from continuing operations	15,480	16,027	29,945	590
Income attributable to Navios Holdings, basic from discontinued operations	0	28,933	0	39,370
Income attributable to Navios Holdings, diluted from continuing operations	0	28,933	0	39,370
Income attributable to Navios Holdings common stockholders, diluted	6,207	31,225	12,018	28,115
Income attributable to Navios Holdings common stockholders, basic	$ 6,207	$ 31,225	$ 12,018	$ 28,115
Basic earnings/(loss) per share attributable to Navios Holdings common stockholders from continuing operations	$ 0.27	$ 0.47	$ 0.53	$ (0.07)
Basic earnings per share attributable to Navios Holdings common stockholders from discontinued operations	0	0.91	0	1.31
Basic earnings per share attributable to Navios Holdings common stockholders	$ 0.27	$ 1.38	$ 0.53	$ 1.24
Weighted average number of shares, basic	22,744,450	22,654,825	22,744,450	22,643,215
Diluted earnings/(loss) per share attributable to Navios Holdings common stockholders from continuing operations	$ 0.27	$ 0.46	$ 0.53	$ (0.07)
Diluted earnings per share attributable to Navios Holdings common stockholders from discontinued operations	0	0.91	0	1.30
Diluted earnings per share attributable to Navios Holdings common stockholders	$ 0.27	$ 1.37	$ 0.53	$ 1.23
Weighted average number of shares, diluted	22,850,450	22,848,328	22,850,450	22,845,014

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
OPERATING ACTIVITIES:
Net income	$ 31,891	$ 42,150
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Non-cash adjustments	(6,808)	40,403
Decrease/(increase) in operating assets	6,341	(7,921)
Increase in operating liabilities	667	18,366
Payments for drydock and special survey costs	(4,347)	(6,905)
Net cash provided by operating activities	27,744	86,093
INVESTING ACTIVITIES:
Acquisition of/additions to vessels	0	(1,576)
Acquisition of Vimalcor	(1,224)	0
Deposits for vessels, port terminals and other fixed assets acquisitions	(4,338)	(2,054)
Purchase of property, equipment and other fixed assets	(8,478)	(2,657)
Proceeds of sale of vessels	147	0
Net cash used in investing activities	(13,893)	(6,287)
FINANCING ACTIVITIES:
Repayment of long-term debt and payment of principal	(14,002)	(57,415)
Repayment of loans payable to affiliate companies	0	(112,632)
Repayment/repurchase of senior notes		(520,466)
Proceeds from long-term loans	0	266,725
Proceeds from loans payable to affiliate companies	0	262,632
Debt issuance costs	0	(1,425)
Repayment of finance lease liability	0	(130)
Acquisition of noncontrolling interest	(10,000)	0
Net cash used in financing activities	(24,002)	(162,711)
Decrease in cash and cash equivalents and restricted cash	(10,151)	(82,905)
Cash and cash equivalents and restricted cash, beginning of period	78,851	137,851
Cash and cash equivalents and restricted cash, end of period	68,700	54,946
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest, net of capitalized interest	29,189	62,901
Cash paid for income taxes	0	61
Non-cash investing and financing activities
Lease modification	0	19,417
Purchase of property, equipment and other fixed assets	(1,484)	(389)
Other long-term assets unpaid	(639)	(835)
Transfer to Vessels, port terminals and other fixed assets, net	1,907	0
Acquisition of Vimalcor	(200)	0
Discontinued operations:
Net cash provided by operating activities of discontinued operations	0	89,579
Net cash used in investing activities of discontinued operations	$ 0	$ (3,578)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total Navios Holdings’ Stockholders’ Equity [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 0	$ 2	$ 679,301	$ (667,906)	$ 11,397	$ 55,247	$ 66,644
Beginning balance, shares at Dec. 31, 2021	23,032	25,198,620
Net income/(loss)	$ 0	$ 0	0	(5,000)	(5,000)	(128)	(5,128)
Cancellation of shares	0	$ 0	0	0	0	0	0
Cancellation of shares		(29)
Stock-based compensation expenses (Note 10)	0	$ 0	46	0	46	0	46
Stock-based compensation expenses, shares (Note 10)		40,000
Ending balance, value at Mar. 31, 2022	$ 0	$ 2	679,347	(672,906)	6,443	55,119	61,562
Ending balance, shares at Mar. 31, 2022	23,032	25,238,591
Net income/(loss)	$ 0	$ 0	0	44,960	44,960	2,318	47,278
Stock-based compensation expenses (Note 10)	0	0	44	0	44	0	44
Ending balance, value at Jun. 30, 2022	$ 0	$ 2	679,391	(627,946)	51,447	57,437	108,884
Ending balance, shares at Jun. 30, 2022	23,032	25,238,591
Beginning balance, value at Dec. 31, 2022	$ 0	$ 2	664,932	(576,053)	88,881	53,210	142,091
Beginning balance, shares at Dec. 31, 2022	16,988	22,826,450
Net income/(loss)	$ 0	$ 0	0	14,465	14,465	408	14,873
Stock-based compensation expenses (Note 10)	0	0	22	0	22	0	22
Ending balance, value at Mar. 31, 2023	$ 0	$ 2	664,954	(561,588)	103,368	53,618	156,986
Ending balance, shares at Mar. 31, 2023	16,988	22,826,450
Net income/(loss)	$ 0	$ 0	0	15,480	15,480	1,538	17,018
Stock-based compensation expenses (Note 10)	0	0	21	0	21	0	21
Ending balance, value at Jun. 30, 2023	$ 0	$ 2	$ 664,975	$ (546,108)	$ 118,869	$ 55,156	$ 174,025
Ending balance, shares at Jun. 30, 2023	16,988	22,826,450

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Description of Business	NOTE 1: DESCRIPTION OF BUSINESS Description of Business Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM) owns (i) a controlling equity stake in Navios South American Logistics Inc. (“Navios Logistics”), one of the largest infrastructure and logistics company in the Hidrovia region of South America; and (ii) an interest in Navios Maritime Partners L.P. (“Navios Partners”) (NYSE:NMM), an international shipping company, listed on the New York Stock Exchange, that owns and operates dry cargo and tanker vessels. In September 2022, Navios Holdings completed the sale of its 36 one . Navios Logistics Navios Logistics, a consolidated subsidiary of the Company, was incorporated under the laws of the Republic of the Marshall Islands on December 17, 2007 As of June 30 2023 and December 31, 2022, Navios Holdings owned 63.8 % of Navios Logistics’ stock. Navios Partners Navios Partners is an international owner and operator of dry cargo and tanker vessels and is engaged in the seaborne transportation services of a wide range of liquid and dry cargo commodities. Types of commodities Navios Partners transports include crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer and containers. Navios Partners charters its vessels under short-, medium-, and longer-term charters. As of both June 30, 2023 and December 31, 2022, Navios Holdings had a 10.3 % ownership interest in Navios Partners. Incentive distribution rights are held by a consolidated of Navios Holdings.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Summary of Significant Accounting Policies (a) Basis of presentation : The accompanying interim condensed consolidated financial statements are unaudited, but, in the opinion of management, reflect all adjustments for a fair statement of Navios Holdings’ consolidated balance sheets, statements of comprehensive income, statements of cash flows and statements of changes in equity for the periods presented. The results of operations for the interim periods are not necessarily indicative of results for the full year. The footnotes are condensed as permitted by the requirements for interim financial statements and accordingly, do not include information and disclosures required under United States generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. All such adjustments are deemed to be of a normal recurring nature. These interim financial statements should be read in conjunction with the Company’s consolidated financial statements and notes included in Navios Holdings’ Annual Report for the year ended December 31, 2022 filed on Form 20-F with the Securities and Exchange Commission (“SEC”). Based on internal forecasts and projections that take into account potential changes in the Company’s trading performance and other assets, management believes that the Company has adequate financial resources to continue in operation and meet its financial commitments, including but not limited to capital expenditures and debt service obligations, for a period of at least twelve months from the date of issuance of the interim condensed consolidated financial statements. Although internal forecasts and projections are driven by market data and are subject to future volatility along with other factors outside the control of the Company, with the existence of alternative liquidity sources and management’s ability to utilize them if needed, management concludes that the Company has the ability to continue as a going concern as of the date of the issuance of the interim condensed consolidated financial statements. Following Russia’s invasion of Ukraine in February 2022 the United States, the European Union, the United Kingdom and other countries have announced sanctions against Russia, and may impose wider sanctions and take other actions in the future. To date, no apparent consequences have been identified on the Company’s business. Notwithstanding the foregoing, it is possible that these tensions might eventually have an adverse impact on our business, financial condition, results of operations and cash flows. Change in accounting policy: Foreign Currency Translation: 1,832 200 respectively. The impact of the amounts reclassified to each underlying item was not material for all prior periods presented. (b) Principles of consolidation : The accompanying interim condensed consolidated financial statements include the accounts of Navios Holdings, a Marshall Islands corporation, and its majority owned subsidiaries. All significant intercompany balances and transactions have been eliminated in the consolidated statements. Subsidiaries: 100 owned, except for Navios Logistics, which is 63.8% owned by Navios Holdings. Investments in Affiliate Companies: 20% and 50% of the voting rights, or over which the Company has significant influence, but it does not exercise control. Investments in these entities are accounted for under the equity method of accounting. Under this method, the Company records an investment in the stock of an affiliate company at cost, and adjusts the carrying amount for its share of the earnings or losses of the affiliate company subsequent to the date of investment and reports the recognized earnings or losses in income. Dividends received from an affiliate company reduce the carrying amount of the investment. The Company recognizes gains and losses in earnings for the issuance of shares by its affiliate companies, provided that the issuance of shares qualifies as a sale of shares. When the Company’s share of losses in an affiliate company equals or exceeds its interest in the affiliate company, the Company does not recognize further losses, unless the Company has incurred obligations or made payments on behalf of the affiliate company. Affiliate companies included in the financial statements accounted for under the equity method: (c) Asset acquisition : When the Company enters into an acquisition transaction, it determines whether the acquisition transaction is a purchase of an asset or a business based on the facts and circumstances of the transaction. In accordance with Topic 805, Business Combinations, the Company first evaluates whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets (Step 1). If that threshold is met, the set of assets and activities is not a business. If the threshold is not met, the Company evaluates whether the set meets the definition of a business (Step 2). To be considered a business, a set must include an input and a substantive process that together significantly contributes to the ability to create an output. All assets acquired and liabilities assumed in a business combination are measured at their acquisition date fair values. For asset acquisitions, the net assets acquired should be measured following a cost accumulation and allocation model under which the cost of the acquisition is allocated on a relative fair value basis to the qualifying assets acquired. In May 2023, Navios Logistics completed the acquisition of the stock of Vimalcor S.A. (“Vimalcor”) for a purchase price of $ 1,600 . The main asset acquired is the right of use of a plot of land in the port of Montevideo (refer to Note 5 and Note 14). (d) Revenue Recognition : Revenue is recognized when (or as) the Company transfers promised goods or services to its customers in amounts that reflect the consideration to which the company expects to be entitled to in exchange for those goods or services, which occurs when (or as) the Company satisfies its contractual obligations and transfers control of the promised goods or services to its customers. In determining the appropriate amount of revenue to be recognized as it fulfills its obligations under its agreements, the Company performs the following steps: (i) identification of the promised goods or services in the contract; (ii) determination of whether the promised goods or services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations based on estimated selling prices; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. Voyage revenues for the transportation of cargo are recognized ratably over the estimated relative transit time of each voyage. A voyage is deemed to commence when a vessel arrives at the loading port, as applicable under the contract, and is deemed to end upon the completion of the discharge of the current cargo. Under a voyage charter, a vessel is provided for the transportation of specific goods between specific ports in return for payment of an agreed upon freight per ton of cargo. Revenues are recorded net of address commissions. Address commissions represent a discount provided directly to the charterers based on a fixed percentage of the agreed upon charter rate. Since address commissions represent a discount (sales incentive) on services rendered by the Company and no identifiable benefit is received in exchange for the consideration provided to the charterer, these commissions are presented as a reduction of revenue. Revenue from contracts of affreightment (“COA”)/voyage contracts relating to our barges are recognized ratably over the estimated relative transit time of each voyage. A voyage is deemed to commence upon the barge’s arrival at the loading port, as applicable under the contract, and is deemed to end upon the completion of discharge under the current voyage. The percentage of transit time is based on the number of days traveled as of the balance sheet date divided by the number of total days expected for the voyage. The position of the barge at the balance sheet date is determined by the days traveled as of the balance sheet date over the total voyage of the pushboat having the barge in tow. Revenue arising from contracts that provide our customers with continuous access to convoy capacity is recognized ratably over the period of the contracts. Demurrage income represents payments made by the charterer to the vessel owner when loading or discharging time exceeds the stipulated time in the voyage charter and is recognized as it is earned. The Company recognizes revenue ratably from the vessel’s/barge’s arrival at the loading port, as set forth in the applicable contract, to when the charterer’s cargo is discharged as well as defer costs that meet the definition of “costs to fulfill a contract” and relate directly to the contract. Revenues from time-chartering and bareboat chartering of vessels and barges are accounted for as operating leases and are thus recognized on a straight-line basis as the average revenue over the rental periods of such charter agreements as service is performed. However, for loss generating time charters, the loss is recognized in the period during which the loss is generated. A time-charter involves placing a vessel or barge at the charterer’s disposal for a period of time during which the charterer uses the vessel in return for the payment of a specified daily hire rate. Charters for periods of less than three months are referred to as spot-charters. Charters for periods of three months to a year are generally referred to as medium-term charters. All other charters are considered long-term. For time-charters, the owner of the vessel typically pays the vessel’s operating costs, such as crews, maintenance and insurance. Revenues from dry port terminal operations consist of an agreed flat fee per ton and cover the services performed in connection with unloading cargo from barges (or trucks), transferring the cargo into silos or the stockpiles for temporary storage, and loading the ocean-going vessels. Revenues are recognized upon completion of loading the ocean-going vessels. Revenue arising from contracts that provide our customers with continuous access to port terminal storage and transshipment capacity is recognized ratably over the period of the contracts. Additionally, fees are charged for vessel dockage and for storage time in excess of contractually specified terms. Dockage revenues are recognized ratably up to completion of loading as the performance obligation is met evenly over the loading period. Storage fees are assessed and recognized at the point when the product remains in the silo storage beyond the contractually agreed upon term. Storage fee revenue is recognized ratably over the storage period and ends when the product is loaded onto the ocean-going vessel. Revenues from liquid port terminal operations consist mainly of sales of petroleum products in the Paraguayan market and revenues from liquid port operations. Revenues from liquid port terminal operations consist of an agreed flat fee per cubic meter or a fixed rate over a specific period to cover the services performed to unload barges, transfer the products into the tanks for temporary storage and then loading the trucks. Revenues that consist of an agreed flat fee per cubic meter are recognized upon completion of loading the trucks. Revenues from liquid port terminal operations that consist of a fixed rate over a specific period are recognized ratably over the storage period as the performance obligation is met evenly over time, ending when the product is loaded onto the trucks. Expenses related to our revenue-generating contracts are recognized as incurred. The following tables reflect the revenue earned per category for the three- and six-month periods ended June 30, 2023 and 2022: Summary of Significant Accounting Policies - Revenue per Category (Table) Three Month Period Ended June 30,2023 Three Month Period Ended June 30,2022 Six Month Period Ended June 30,2023 Six Month Period Ended June 30,2022 COA/Voyage revenue $ 22,995 $ 24,519 $ 38,762 $ 44,326 Time chartering revenue $ 22,474 $ 13,808 $ 41,208 $ 25,201 Port terminal revenue $ 24,600 $ 25,174 $ 48,842 $ 47,991 Storage fees (dry port) revenue $ 62 $ 1,812 $ 102 $ 2,173 Dockage revenue $ 2,797 $ 1,745 $ 4,656 $ 3,107 Sale of products revenue $ 6,677 $ — $ 9,764 $ 1,894 Liquid port terminal revenue $ 1,413 $ 1,614 $ 2,717 $ 3,075 Other $ 880 $ 513 $ 1,259 $ 572 Total $ 81,898 $ 69,185 $ 147,310 $ 128,339 Deferred Income and Cash Received In Advance: These amounts are recognized as revenue over the voyage or charter period. (e) Recent Accounting Pronouncements : Adoption of new accounting pronouncements: In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-4, “Reference Rate Reform (Topic 848)” (“ASU 2020-4”), which provides optional guidance intended to ease the potential burden in accounting for the expected discontinuation of LIBOR as a reference rate in the financial markets. The guidance can be applied to modifications made to certain contracts to replace LIBOR with a new reference rate. The guidance, if adopted, will permit entities to treat such modifications as the continuation of the original contract, without any required accounting reassessments or remeasurements. In addition, in January 2021, the FASB issued ASU No. 2021-01 with respect to the Reference Rate Reform (Topic 848). The amendments in this Update clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU 2020-4 was effective for the Company beginning on March 12, 2020 and the Company will apply the amendments prospectively through December 31, 2024. There was no material impact to the Company’s interim condensed consolidated financial statements as of June 30, 2023.

Cash and Cash Equivalents and R

Cash and Cash Equivalents and Restricted Cash	6 Months Ended
	Jun. 30, 2023
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents and Restricted Cash	NOTE 3: CASH AND CASH EQUIVALENTS AND RESTRICTED CASH Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents and restricted cash consisted of the following: Cash and Cash equivalents (Table) June 30, 2023 December 31, 2022 Cash on hand and at banks $ 27,780 $ 32,851 Short-term deposits and highly liquid funds 40,910 45,690 Restricted cash 10 310 Cash and cash equivalents and restricted cash $ 68,700 $ 78,851 Short-term deposits and highly liquid funds relate to amounts held in banks for general financing purposes and represent deposits with an original maturity of less than three months and are included in the condensed consolidated balance sheets under the caption “Cash and cash equivalents”. Cash deposits and cash equivalents in excess of amounts covered by government-provided insurance are exposed to loss in the event of non-performance by financial institutions. Navios Holdings does maintain cash deposits and equivalents in excess of government provided insurance limits. Navios Holdings reduces exposure to credit risk by dealing with a diversified group of major financial institutions. As of both June 30, 2023 and December 31, 2022, amounts held as security in the form of letters of guarantee or letters of credit are included within restricted cash, and totaled $ 10 . As of December 31, 2022, within restricted cash is also included an amount of $ 300 as cash collateral in escrow accounts, in relation to certain agreements.

Vessels, Port Terminals and Oth

Vessels, Port Terminals and Other Fixed, Net	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Vessels, Port Terminals and Other Fixed, Net	NOTE 4: VESSELS, PORT TERMINALS AND OTHER FIXED ASSETS, NET Vessels, Port Terminals and Other Fixed, Net Vessels, Port Terminals and Other Fixed Assets, Net (Table) Vessels, Port Terminals and Other Fixed Assets, net Cost Accumulated Depreciation Net Book Value Balance December 31, 2022 $ 814,510 $ (318,591) $ 495,919 Additions 8,704 (14,237) (5,533) Impairment losses (2,038) 1,121 (917) Transfers to Asset held for sale (3,878) — (3,878) Transfers from deposits for vessels, port terminal and other fixed assets, net 3,198 — 3,198 Disposals (147) — (147) Balance June 30, 2023 $ 820,349 $ (331,707) $ 488,642 On September 8, 2022, the Company completed the sale of its 21 owned vessels to Navios Partners. For further information on the sale, see Note 15 “Discontinued operations” in the interim condensed consolidated financial statements. Navios Logistics During the second quarter of 2023, Navios Logistics completed the construction of a new iron ore stockpile area in its Iron Ore Port Terminal and a total amount of $ 3,198 was transferred to “Vessels, port terminals and other fixed assets, net” in the interim condensed consolidated statement of financial position . As of December 31, 2022, Navios Logistics has paid $ 1,907 for the construction of the new stock pile area in its Iron Ore Port Terminal, which was included in the interim condensed consolidated statement of financial position under the caption “Other long-term assets”. As of June 30, 2023 and December 31, 2022, Navios Logistics has paid $ 871 and $ 807 , respectively, for capitalized expenses for the development of its port operations in Port Murtinho, Brazil, which was included in the interim condensed consolidated statement of financial position under the caption “Other long-term assets”. As of June 30, 2023 and December 31, 2022, Navios Logistics has paid $ 3,941 and $ 597 , respectively, for the construction of a crane in the Iron Ore Port Terminal, which is included in the interim condensed consolidated statement of financial position under the caption “Other long-term assets” As of June 30, 2023, Navios Logistics has paid $ 930 for the development of a new liquid terminal in Nueva Palmira, which is included in the interim condensed consolidated statement of financial position under the caption “Other long-term assets”. Impairment loss As of June 30, 2023, the vessel He Man H met the criteria to be accounted as an asset held for sale and has been re-measured to its fair value less cost to sell, which resulted in an impairment loss of $ 1,651 (including $ 734 remaining carrying balance of dry dock costs), which is included in the unaudited condensed consolidated statements of comprehensive income under the caption “Impairment loss”. In addition, an amount of $ 29 , which relates to inventory, is classified as held for sale and increased the amount of asset held for sale to $ 3,907 . The fair value of the vessel is determined to $ 4,450 . The Company completed the sale of the He Man H to an unrelated third party in August 2023 .

Intangible Assets Other Than Go

Intangible Assets Other Than Goodwill	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Other Than Goodwill	NOTE 5: INTANGIBLE ASSETS OTHER THAN GOODWILL Intangible Assets Other Than Goodwill Intangible Assets Other Than Goodwill (Table) Intangible assets June 30, 2023 December 31, 2022 Acquisition cost $ 90,601 $ 89,272 Accumulated amortization (44,498) (43,079) Total intangible assets net book value $ 46,103 $ 46,193 Following the completion of the Vimalcor acquisition in May 2023, the Company recognized an intangible asset of $ 1,329 relating to the port terminal operating right to be amortized until January 2029. Amortization expense for the three-month periods ended June 30, 2023 and 2022 were $ 726 and $ 693 , respectively, and for the six-month periods ended June 30, 2023 and 2022 were $ 1,419 and $ 1,386 , respectively. The remaining aggregate amortization of acquired intangibles as of June 30, 2023 will be as follows: Intangible Assets Other Than Goodwill - Schedule of Aggregate Amortization (Table) Period Year One $ 3,004 Year Two 3,004 Year Three 3,004 Year Four 3,004 Year Five 2,037 Thereafter 32,050 Total $ 46,103

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Borrowings	NOTE 6: BORROWINGS Borrowings Borrowings, as of June 30, 2023 and December 31, 2022, consisted of the following: Borrowings (Table) Facility June 30, 2023 December 31, 2022 2024 Notes 8,626 8,626 Convertible Debenture 121,202 118,833 2025 Logistics Senior Notes 500,000 500,000 Navios Logistics other long-term loans and notes payable 45,352 59,385 Total borrowings 675,180 686,844 Less: current portion, net (31,997) (23,544) Less: deferred finance costs, net (9,950) (12,090) Total long-term borrowings $ 633,233 $ 651,210 Navios Holdings Debt 2024 Notes On March 21, 2019 , Navios Holdings issued $ 4,747 of 9.75 % Senior Notes due 2024 (the “2024 Notes”) in exchange for a total of 10,930 Series H ADSs shares which were validly tendered as of that date. For additional information on the Series H ADSs shares, see Note 10 “Preferred and Common Stock” to the interim condensed consolidated financial statements. On April 21, 2019 , Navios Holdings issued $ 3,879 of the 2024 Notes in exchange for a total of 8,841 Series G ADSs shares which were validly tendered as of that date. For additional information on the Series G ADSs shares, see Note 10 “Preferred and Common Stock” to the interim condensed consolidated financial statements. The 2024 Notes are general senior unsecured obligations of Navios Holdings. The 2024 Notes are not guaranteed by any of Navios Holdings’ subsidiaries. The indenture governing the 2024 Notes does not contain restrictive covenants but does include customary events of default. Navios Holdings has the option to redeem the 2024 Notes, in whole or in part, at any time, at a redemption price equal to 100% of the principal amount of the 2024 Notes to be redeemed, plus accrued interest. Convertible Debenture In December 2021, Navios Holdings entered into a convertible debenture with NSM (the “Convertible Debenture”), covering certain payments under the NSM Loans including an upfront fee of $ 24,000 , accrued interest, and prepayment fees. The lender has the option to convert any portion of the outstanding balance under the Convertible Debenture into shares of common stock of Navios Holdings pursuant to an agreed-upon mechanism. The Convertible Debenture has a term of five years and bears interest at the rate of 4% PIK, payable at maturity, if not earlier converted into shares of our common stock. As of June 30, 2023, the total outstanding balance of the Convertible Debenture was $ 121,202 . The Convertible Debenture that was recognized as a single liability instrument is presented under the caption “Convertible debenture payable to affiliate companies”. For information on the Convertible Debenture, see Note 9 “Transactions with Related Parties” and Note 10 “ in the interim condensed consolidated financial statements. Navios Logistics Debt 2025 Logistics Senior Notes On July 8, 2020 , Navios Logistics and its wholly-owned subsidiary Navios Logistics Finance (US) Inc. (“Logistics Finance” and, together with Navios Logistics (the “Logistics Co-Issuers”) issued $ 500,000 in aggregate principal amount of senior secured notes due on July 1, 2025 , at a fixed rate of 10.75 % (the “2025 Logistics Senior Notes”). The 2025 Co-Issuers have the option to redeem the 2025 Notes in whole or in part, at any time on or after August 1, 2023, at a fixed price of 102.688% and at par on or after August 1, 2024. The Co-Issuers may also redeem all, but not less than all, of the 2025 Notes at a price equal t o 100% of the principal amount plus accrued and unpaid interest , if a ny, upon certain changes in law that would trigger the payment of withholding taxes. Furthermore, upon the occurrence of certain change of control events, the Co-Issuers may be required to offer to purchase 2025 Notes from holders at a price equal to 101% of the principal amount plus accrued and unpaid interest , if any The 2025 Notes are senior secured obligations of the Co-Issuers and rank equal in right of payment to all of their existing and future senior indebtedness and senior in right of payment to all of their future subordinated indebtedness. The 2025 Notes are fully and unconditionally guaranteed, jointly and severally, by all of the Company’s direct and indirect subsidiaries, other than Logistics Finance. The 2025 Notes are currently secured by: (i) first priority ship mortgages on three tanker vessels servicing the Company’s Cabotage Business (the (1) Elena H, (2) Makenita H and (3) Sara H). owned by certain subsidiary guarantors (such guarantors, the “Mortgaged Vessel Guarantors”) and related assignments of earnings and insurance, together with a first priority lien on the capital stock of each Mortgaged Vessel Guarantor; and (ii) an assignment by way of security of the Vale port contract (collectively, the “Collateral”). The Logistics Co-Issuers were in compliance with the covenants as of June 30, 2023. As of June 30 , 2023 and December 31, 2022, deferred financing costs associated with the 2025 Logistics Senior Notes were 9,893 and $ 12,018 , respectively. Navios Logistics Other Long-term Loans and Notes Payable As of June 30, 2023, Navios Logistics had long-term loans and notes payable, with a total outstanding balance of $ 45,352 . The purpose of the facilities was to finance the construction of its Dry Port Terminal, the acquisition of vessels, and for general corporate purposes . The facilities are denominated mainly in U.S. dollars and bear interest based on either LIBOR or Secured Overnight Financing Rate (“SOFR”) plus a spread ranging from 3.15% to 8.50% per annum. Navios Logistics currently pays interest on its notes payable at a rate equal to six-month LIBOR, which will convert to SOFR plus Credit Adjusted Spread (the “CAS”), effective July 1, 2023. During the six-month period ended June 30, 2023, the Company paid $ 14,002 in scheduled repayment installments relating to its secured credit facilities. There were no proceeds from borrowings for the six-month period ended June 30, 2023. 39,035 in scheduled repayment installments relating to its secured credit facilities, and $ 131,012 in prepayments related to 262,632 , the proceeds from long term debt were $ 235,725 and the proceeds from the two sale and leaseback agreements were $ 31,000 . The above payments and proceeds include debt from continuing and discontinued operations. The annualized weighted average interest rates of the Company’s total borrowings for the three- and six-month periods ended June 30, 2023 were 9.12% and 9.14% , respectively. The annualized weighted average interest rates of the Company’s total borrowings for the three- and six-month periods ended June 30, 2022 were 10.17% and 10.05% , 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, 2023, based on the repayment schedules of the respective loan facilities and the outstanding amount due under the debt securities. Borrowings - Principal payments (Table) Payment due by period June 30, 2024 $ 32,028 June 30, 2025 17,444 June 30, 2026 504,506 June 30, 2027 121,202 Total $ 675,180

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2023
Fair Value Of Financial Instruments
Fair Value of Financial Instruments	NOTE 7: FAIR VALUE OF FINANCIAL INSTRUMENTS 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: As of both June 30, 2023 and December 31, 2022, the 2025 Logistics Senior Notes and four Navios Logistics’ loans are fixed rate borrowings and their fair value was determined based on quoted market prices. Convertible Debenture: The estimated fair values of the Company’s financial instruments are as follows: Fair Value of Financial Instruments - Fair Value of financial instruments (Table) June 30, 2023 December 31, 2022 Book Value Fair Value Book Value Fair Value Cash and cash equivalents $ 68,690 $ 68,690 $ 78,541 $ 78,541 Restricted cash $ 10 $ 10 $ 310 $ 310 Senior and ship mortgage notes, net $ (498,733) $ (497,901) $ (496,608) $ (491,976) Long-term debt, including current portion $ (45,295) $ (45,352) $ (59,313) $ (59,385) Convertible debenture payable to affiliate companies (1) $ (121,202) $ (121,202) $ (118,833) $ (118,833) 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. As of June 30, 2023, and December 31, 2022, there were no assets measured at fair value on a recurring basis. As of June 30, 2023, the Company’s assets measured at fair value on a non-recurring basis are: Fair Value of Financial Instruments - Assets measured at Fair Value on a Non-Recurring Basis (Table) Fair Value Measurements as of June 30, 2023 Total Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) Asset held for sale $ 4,550 $ — $ 4,550 $ — Total $ 4,550 $ — $ 4,550 $ — He Man H met the criteria to be accounted for as asset held for sale and has been re-measured to its fair value less cost to sell leading to an impairment loss of $ 1,651 . The fair value of Malva H was measured at $ 4,550 , as at June 30, 2023. As of December 31, 2022, there were no assets measured at fair value on a non-recurring basis. 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 of Financial Instruments - Fair value measurements (Table) Fair Value Measurements at June 30, 2023 Total (Level I) (Level II) (Level III) Cash and cash equivalents $ 68,690 $ 68,690 $ — $ — Restricted cash $ 10 $ 10 $ — $ — Senior and ship mortgage notes $ (497,901) $ (498,275) $ (8,626) $ — Long-term debt, including current portion (1) $ (45,352) $ — $ (45,352) $ — Convertible debenture payable to affiliate companies (1) $ (121,202) $ — $ (121,202) $ — Fair Value Measurements at December 31, 2022 Total (Level I) (Level II) (Level III) Cash and cash equivalents $ 78,541 $ 78,541 $ — $ — Restricted cash $ 310 $ 310 $ — $ — Senior and ship mortgage notes $ (491,976) $ 78,541 $ (8,626) $ — Long-term debt, including current portion (1) $ (59,385) $ — $ (59,385) $ — Convertible debenture payable to affiliate companies (2) $ (118,833) $ — $ (118,833) $ — (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 Convertible Debenture 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, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 8: COMMITMENTS AND CONTINGENCIES Commitments and Contingencies As of June 30, 2023, the Company was contingently liable for letters of guarantee and letters of credit amounting to $ 10 (December 31, 2021: $ 10 ) issued by one bank 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 obligations a consolidated subsidiary of all its obligations to Vitol S.A. up to $ 12,000 On July 22, 2016, Navios Logistics guaranteed the compliance of certain obligations related to two consolidated subsidiaries under their respective direct user agreements with the Free Zone of Nueva Palmira, for the amounts of $ 847 and $ 519 , respectively. In September 2020, Navios Logistics agreed to a settlement regarding a storage and transshipment contract in the Grain Port Terminal for a total amount to be paid to Navios Logistics as a result of the settlement of $ 4,140 , to be collected in three equal installments of $ 1,380 within June, 2021, 2022 and 2023. In June 2021 and 2022, Navios Logistics collected the first and second installment, respectively. The Company is involved in a number of legal proceedings and has various unresolved claims pending arising in the ordinary course of business. Based on currently available information and the opinion of legal counsel, management believes that the final outcome will not have a significant effect on the Company’s operating results or financial position and that no additional provisions over and above provisions already reflected in the interim condensed consolidated financial statements are required.

Transactions with Related Parti

Transactions with Related Parties	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Transactions with Related Parties	NOTE 9: TRANSACTIONS WITH RELATED PARTIES Transactions with Related Parties Vessel Operating Expenses (management fees): August 29, 2019 (the “Management Agreement”) with Navios Shipmanagement Inc., a subsidiary of N Shipmanagement Acquisition Corp. (together with its subsidiaries, “NSM” or the “Manager”) The term of this agreement was for an initial period of five years with an automatic extension period of five years thereafter unless a notice for termination is received by either party. The ship management services fees provided by the Manager was a fixed rate of $ 3.7 per day per owned/bareboat-in vessel until August 2021, $ 3.8 per day per owned/bareboat-in vessel until August 2022 and $ 3.9 per day until the closing of the Transaction on September 8, 2022. The fee for the ship management services provided by the Manager was a daily fee of $ 0.03 per day per charter-in vessel. Drydocking expenses under this agreement were reimbursed by Navios Holdings at cost. The agreement also provided for payment of a termination fee, equal to the fees charged for the full calendar year preceding the termination date, by Navios Holdings in the event the Management Agreement is terminated on or before August 29, 2024 Total management fees for vessel operating expenses for the three-month periods ended June 30, 2023 and 2022 were $ 0 and $ 8,697 , respectively and are presented under the caption “ Net income from discontinued operations 0 and $ 17,297 , respectively and are presented under the caption “ Net income from discontinued operations During the three- and six-month periods ended June 30, 2022, certain fees and costs related to COVID-19 measures, including crew related expenses, were $ 550 and $ 1,656 , respectively, and are presented under the caption “Net income from discontinued operations” in the interim condensed consolidated statements of comprehensive income. General and administrative expenses: August 29, 2019 (the “Administrative Services Agreement”), NSM provides administrative services to Navios Holdings. NSM is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. The term of this agreement is for an initial period of five years with an automatic five years thereafter unless a notice of termination is received by either party. The agreement also provides for payment of a termination fee, equal to the fees charged for the full calendar year preceding the termination date, by Navios Holdings in the event the Administrative Services Agreement is terminated on or before August 29, 2024 , upon the occurrence of certain events. Total general and administrative expenses attributable to this agreement for the three-month periods ended June 30, 2023 and 2022 were $ 135 and $ 1,932 , respectively, and are presented under the caption “General and administrative expenses” in the interim condensed consolidated statements of comprehensive income. The total general and administrative expenses attributable to this agreement for the three-month periods ended June 30, 2023 and 2022, which have been allocated to discontinued operations, were $ 0 and $ 1,797 , respectively, and are presented under the caption “Net income from discontinued operations” in the interim condensed consolidated statements of comprehensive income. Total general and administrative expenses attributable to this agreement for the six-month periods ended June 30, 2023 and 2022 were $ 270 and $ 3,843 , respectively, and are presented under the caption “General and administrative expenses” in the interim condensed consolidated statements of comprehensive income. The total general and administrative expenses attributable to this agreement for the six-month periods ended June 30, 2023 and 2022, which have been allocated to discontinued operations, were $ 0 and $ 3,573 , respectively, and are presented under the caption “Net income from discontinued operations” in the interim condensed consolidated statements of comprehensive income. Pursuant to an administrative services agreement with the Manager dated August 29, 2019, NSM provides administrative services to Navios Logistics. Total general and administrative fees for the three-month periods ended June 30, 2023 and 2022 were $ 728 and $ 286 , respectively, and are presented under the caption “General and administrative expenses” in the interim condensed consolidated statements of comprehensive income. Total general and administrative fees for the six-month periods ended June 30, 2023 and 2022 were $ 1,455 and $ 572 , respectively, and are presented under the caption “General and administrative expenses” in the interim condensed consolidated statements of comprehensive income. Balance due to affiliate companies: 2,304 and $ 1,642 as of December 31, 2022. As of June 30, 2023, the balance consisted mainly of payments to the Manager in accordance with the Administrative Services Agreement Midstream General Partner Option Agreement: Navios Holdings entered into an option agreement, with Navios Acquisition under which Navios Acquisition, which owns and controls Navios Maritime Midstream Partners GP LLC (“Midstream General Partner”), granted Navios Holdings the option to acquire a minimum of 25% of the outstanding membership interests in Midstream General Partner 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, 2023, Navios Holdings had not exercised any part of that option . NSM Loan I: December 2021 , Navios Holdings entered into an amended and restated loan agreement to the existing NSM Loan dated August 29, 2019, whereby a wholly-owned subsidiary of NSM made available to the Company a secured term loan of up to $ 127,632 (the “NSM Loan I”), in two tranches: (i) the first tranche of $ 48,573 represented borrowings already made available and (ii) the second tranche of $ 79,059 represented new borrowings made available in exchange of the release by NSM of certain existing collateral. The NSM Loan I was repayable in quarterly installments of $ 5,000 with the first installment falling due in the third quarter of 2023. The NSM Loan I had a four-year term and bore interest at a rate of (i) 18 % per annum until the 2022 Senior Secured Notes were repaid and 16.5 % per annum thereafter when paid in the form of Convertible Debenture for the first 18 months (“PIK Interest”) and (ii) 13.5 % per annum when paid in the form of cash. The NSM Loan I would be paid in PIK Interest for the first 18 months, due also in optional prepayment during that period and thereafter in either cash or PIK Interest at the election of the Borrower. As of June 30, 2023, an amount of $ 14,853 accrued PIK interest at 18 % is included under the caption “Convertible debenture payable to affiliate companies” in the interim condensed consolidated statement of financial position. four years In the third quarter of 2022, the outstanding balance under NSM Loan I was fully repaid using cash received from the Transaction. Such repayment was mandatory as per the terms of the loan agreement. NSM Loan II: December 2021 , Navios Holdings entered into an amended and restated loan agreement to the existing $115.0 million NSM Loan dated June 29, 2021 whereby a wholly-owned subsidiary of NSM made available to the Company a secured term loan of up to $ 135,000 (the “NSM Loan II”) in two tranches (i) the first tranche of $ 64,059 represented outstanding borrowings already made available and (ii) the second tranche of $ 70,941 represented new borrowings to be made available, in exchange of the release by NSM of certain existing collateral. The NSM Loan II was repayable in quarterly installments of $ 5,000 with the first installment falling due in the third quarter of 2023. The NSM Loan II had a four-year term and bore interest at a rate of (i) 18 % per annum until the 2022 Senior Secured Notes were repaid and 16.5 % per annum thereafter, when paid in PIK Interest and (ii) 13.5 % per annum when paid in the form of cash. The NSM Loan II would be paid in PIK Interest for the first 18 months, due also in optional prepayment during that period and thereafter in either cash or PIK Interest at the election of the Borrower. As of June 30, 2023, an amount of $ 15,759 accrued PIK interest at 18 % is included under the caption “Convertible debenture payable to affiliate companies” in the interim condensed consolidated statement of financial position. four years In the third quarter of 2022, the outstanding balance under NSM Loan II was fully repaid using cash received from the Transaction. Such repayment was mandatory as per the terms of the loan agreement. Upon completion of the refinancing in January 2022, NSM received an upfront fee in respect of the NSM Loan I and the NSM Loan II of $ 24,000 in the form of a Convertible Debenture and is included in the interim condensed consolidated statement of comprehensive income under the caption “Non-operating other finance cost”. The agreements also provide for prepayment premiums ranging from 5%-10% during the first 36 months of the term which is payable in the form of Convertible Debenture Convertible Debenture: 24 .0 million, accrued interest on the NSM Loans, and prepayment fees. The lender has the option to convert any portion of the outstanding balance under the Convertible Debenture into shares of common stock of Navios Holdings pursuant to an agreed-upon mechanism. The Convertible Debenture has a term of five years and bears interest at the rate of 4% PIK, payable at maturity, if not earlier converted into shares of our common stock. As of June 30, 2023, the total outstanding balance of the Convertible Debenture was $ 121,202 . The Convertible Debenture is presented under the caption “Convertible debenture payable to affiliate companies” in the interim condensed consolidated statement of financial position Navios Logistics’ Shareholders Agreement: Promissory note: 20,000 promissory note to Grimaud. On July 30, 2021, Grimaud entered into an assignment agreement with Peers Business Inc. (“Peers”) During the six-month period ended June 30, 2023, the Company paid the remaining balance outstanding under the Promissory Note of $ 10,000 in full and there is no 0 remaining outstanding balance as of June 30, 2023. Navios Logistics has entered into an agreement with NSM with effect as of October 1, 2023, for the leasing of its global office spaces. The agreement has a term of five years 35.6 5% 3%

Preferred and Common Stock

Preferred and Common Stock	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Preferred and Common Stock	NOTE 10: PREFERRED AND COMMON STOCK Preferred and Common Stock As of June 30, 2023, and December 31, 2022, Navios Holdings had 22,826,450 shares issued and outstanding. Series I Preferred Stock In accordance with the terms of the Convertible Debenture, Navios Holdings issued 1,000 shares of Series I Preferred Stock on January 3, 2022, which have no voting and no economic rights. The Series I Preferred Stock represent 30,545,514 and 30,850,133 shares of common stock issuable as of June 30, 2023 and July 3, 2023, respectively, upon conversion of a Convertible Debenture and are deemed outstanding for voting purposes. Under the terms of the Convertible Debenture, the number of shares of Common Stock issuable upon conversion thereof will increase to the extent that amounts outstanding under the Convertible Debenture increase. NSM, the holder of the Series I Preferred Stock, may convert any or all of the outstanding preferred stock into common stock at its option at any time until the maturity of the Convertible Debenture at the conversion rate of $ 3.93 per common stock. In addition, there are also provisions for mandatory conversion upon the occurrence of certain events. NSM is an affiliate of our Chairwoman and Chief Executive Officer, Angeliki Frangou. Series G and Series H American Depositary Shares Exchange Offer On December 21, 2018, Navios Holdings announced that it commenced an offer to exchange cash and/or newly issued 2024 Notes for approximately 66 2/3% of each of the outstanding Series G American Depositary Shares (“Series G ADSs”) and Series H American Depositary Shares (“Series H ADSs”). As of March 21, 2019, a total of 10,930 Series H ADSs were validly tendered representing a net aggregate nominal value of approximately $ 26,297 . Navios Holdings paid $ 997 for tender offer expenses, approximately $ 4,188 as cash consideration and a total of approximately $ 4,747 in aggregate principal amount of 2024 Notes. The difference between the carrying amount of the preferred shares redeemed and the fair value of the consideration transferred amounting to $ 16,365 was recorded in accumulated deficit. Following the completion of the offer, the Company cancelled the undeclared preferred dividend of Series H ADSs of $ 7,678 . As of April 18, 2019, a total of 8,841 Series G ADSs were validly tendered representing a net aggregate nominal value of approximately $ 21,271 . Navios Holdings paid $ 620 for tender offer expenses, approximately $ 4,423 cash consideration and issued a total of approximately $ 3,879 principal amount of 2024 Notes. The difference between the carrying amount of the preferred shares redeemed and the fair value of the consideration transferred amounting to $ 12,568 was recorded in accumulated deficit. Following the completion of the offer, the company cancelled the undeclared preferred dividend of series G ADSs of $ 6,798 . In February 2016, Navios Holdings announced the suspension of payment of quarterly dividends on its preferred stock, including the Series G ADSs and Series H ADSs. On July 15, 2017, the Company reached six quarterly dividend payments in arrears relating to its Series G ADSs and Series H ADSs and as a result the respective dividend rate increased by 0.25 %. Total undeclared preferred dividends as of June 30, 2023 were $ 28,063 (net of cancelled dividends). On September 14, 2022, Navio s Holdings commenced a tender offer to purchase up to $ 20,000 of the outstanding Series G ADSs and Series H ADSs. As of the completion of Navios Holdings’ tender offer on October 21, 2022, a total of 20,185 Series G ADSs were validly tendered in exchange for aggregate cash consideration of $ 318 , and a total of 584,158 Series H ADSs were validly tendered in exchange for aggregate cash consideration of $ 8,926 , resulting in a gain of $ 4,547 , and undeclared preferred dividends of $ 8,949 . After giving effect to the consummation of the tender offer, Navios Holdings has 514,720 outstanding Series G ADSs and 1,183,944 outstanding Series H ADSs, which represent 1/100th of a share of 8.75% Series G Cumulative Redeemable Perpetual Preferred Stock and 1/100th of a Share of 8.625% Series H Cumulative Redeemable Perpetual Preferred Stock , respectively. There were 16,988 shares of preferred stock outstanding ( 5,148 Series G ADSs and 11,840 Series H ADSs) for both periods ended June 30, 2023 and December 31, 2022 . Vested, Surrendered and Forfeited During the three- and six-month periods ended June 30, 2023, nil 0 restricted shares of common stock were forfeited and nil 0 restricted stock units issued to the Company’s officers and directors vested. During the three- and six-month periods ended June 30, 2022, 0 and 29 restricted shares of common stock were forfeited, and 0 and 37,879 restricted stock units issued to the Company’s officers and directors vested, respectively. Issuance of Cumulative Perpetual Preferred Stock The Company’s 2,000,000 American Depositary Shares, Series G ADSs and the 4,800,000 American Depositary Shares, Series H ADSs are recorded at fair market value on issuance. Each of the shares represents 1/100th of a share of the Series G ADSs and Series H ADSs 2,500 per share ($25 .00 per American Depositary Share). Dividends are payable quarterly in arrears on the Series G ADSs at a rate of 8.75 % per annum and on the Series H ADSs at a rate of 8.625 % per annum of the stated liquidation preference, which increased by 0.25

Other Income_(Expense), Net

Other Income/(Expense), Net	6 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Other Income/(Expense), Net	NOTE 11: OTHER INCOME/(EXPENSE), NET Other Income/(Expense), Net During the three-month periods ended June 30, 2023 and 2022, taxes other-than income taxes of Navios Logistics were $ 1,258 and $ 1,584 , respectively, and were included in the interim condensed consolidated statement of comprehensive income under the caption “Other income/(expense), net”. During the six-month periods ended June 30, 2023 and 2022, taxes other-than income taxes of Navios Logistics were $ 2,899 and $ 3,002 , respectively, and were included in the interim condensed consolidated statement of comprehensive income under the caption “Other income/(expense), net”.

Earnings_(Loss) per Common Shar

Earnings/(Loss) per Common Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings/(Loss) per Common Share	NOTE 12: EARNINGS/(LOSS) PER COMMON SHARE Earnings/(Loss) per Common Share Basic earnings/(loss) per share is calculated by dividing net income attributable to Navios Holdings common stockholders by the weighted average number of shares of Navios Holdings outstanding (excluding restricted shares) during the periods presented. Diluted income per common share is calculated by applying the treasury stock method. All unvested restricted stock units that have a dilutive effect are included in the calculation. The basic and diluted earnings per share for the period are presented for each category of participating common shares under the two-class method. The as converted number of common shares under the Convertible Debenture are deemed participating securities. Earnings are only allocated to participating securities in a period of net income (including income from continued and discontinued operations). Net income attributable to Navios Holdings common stockholders is calculated by adding to (if a discount) or deducting from (if a premium) net income/(loss) attributable to Navios Holdings common stockholders the difference between the fair value of the consideration paid upon redemption and the carrying value of the preferred stock, including the unamortized issuance costs of the preferred stock, and the amount of any undeclared dividend cancelled. For the three-month period ended June 30, 2023, 106,000 potential common shares and 0 potential shares of convertible preferred stock are included in the calculation of diluted earnings per share . For the three-month period ended June 30, 2022, 193,503 potential common shares and 0 potential shares of convertible preferred stock are included in the calculation of diluted earnings per share. For the six-month period ended June 30, 2023, 106,000 potential common shares and 0 potential shares of convertible preferred stock are included in the calculation of diluted earnings per share . For the six-month period ended June 30, 2022, 201,845 potential common shares and 0 potential shares of convertible preferred stock are included in the calculation of diluted earnings per share. Earnings/(Loss) per Common Share - Earnings/(Loss) per share, basic and diluted (Table) Three Month Period Ended June 30, 2023 Three Month Period Ended June 30, 2022 Six Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2022 Numerator: Net income attributable to Navios Holdings common stockholders, from continuing operations $ 15,480 $ 16,027 $ 29,945 $ 590 Less: Undeclared dividend on preferred stock and on unvested restricted shares (940) (1,284) (1,871) (2,561) Undistributed income attributable to Series I Preferred Stock participating shares on an as converted basis from continuing operations (8,333) (4,203) (16,056) 489 Income/(loss) attributable to Navios Holdings common stockholders, basic and diluted from continuing operations $ 6,207 $ 10,540 $ 12,018 $ (1,482) Income attributable to Navios Holdings common stockholders, basic and diluted from discontinued operations — 28,933 — 39,370 Less: Undistributed income attributable to Series I Preferred Stock participating shares on an as converted basis from discontinued operations — (8,248) — (9,773) Income attributable to Navios Holdings common stockholders, basic and diluted from discontinued operations — $ 20,685 $ — $ 29,597 Net income attributable to Navios Holdings common stockholders $ 6,207 $ 31,225 $ 12,018 $ 28,115 Denominator: Denominator for basic earnings/(loss) per share attributable to Navios Holdings common stockholders — weighted average shares 22,744,450 22,654,825 22,744,450 22,643,215 Basic earnings/(loss) per share attributable to Navios Holdings common stockholders from continuing operations $ 0.27 $ 0.47 $ 0.53 $ (0.07) Basic earnings per share attributable to Navios Holdings common stockholders from discontinued operations $ — $ 0.91 $ — $ 1.31 Basic earnings per share attributable to Navios Holdings common stockholders $ 0.27 $ 1.38 $ 0.53 $ 1.24 Denominator for diluted earnings/(loss) per share attributable to Navios Holdings common stockholders — weighted average shares 22,850,450 22,848,328 22,850,450 22,845,014 Diluted earnings/(loss) per share attributable to Navios Holdings common stockholders from continuing operations $ 0.27 $ 0.46 $ 0.53 $ (0.07) Diluted earnings per share attributable to Navios Holdings common stockholders from discontinued operations $ — $ 0.91 $ — $ 1.30 Diluted earnings per share attributable to Navios Holdings common stockholders $ 0.27 $ 1.37 $ 0.53 $ 1.23 Weighted average Number of Series I Preferred Stock participating preferred shares on an as converted basis, basic and diluted 30,535,679 9,033,380 30,387,225 7,476,991 Earnings per share to Series I Preferred Stock participating preferred shares on an as converted basis, basic and diluted $ 0.27 $ 1.38 $ 0.53 $ 1.24

Investments in Affiliate Compan

Investments in Affiliate Companies	6 Months Ended
	Jun. 30, 2023
Investments in and Advances to Affiliates [Abstract]
Investments in Affiliate Companies	NOTE 13: INVESTMENT IN AFFILIATE COMPANY Investments in Affiliate Companies Navios Partners On August 7, 2007, Navios Holdings formed Navios Partners under the laws of Marshall Islands. Navios GP L.L.C., 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 August 2019, Navios Holdings sold the general partnership interests in Navios Partners (except for the incentive distribution rights) to NSM. Olympos Maritime Ltd. is currently Navios Partners’ general partner (the “General Partner”). As of June 30, 2023 and December 31, 2022 Navios Partners has issued 7,687,730 units, for both periods through its Continuous Offering Programs entered into from time to time. Pursuant to the issuance of common units, Navios Partners issued 156,895 general partnership units to its general partner both as of June 30, 2023 and December 31, 2022, in order to maintain its 2.0 % general partnership interest. As of June 30, 2023, and following the NMCI Merger and NNA Merger, Navios Holdings holds a total of 3,183,199 common units representing a 10.3 % interest in Navios Partners, and the investment in Navios Partners is accounted for under the equity method. Incentive distribution rights are held by Navios GP L.L.C. As of June 30, 2023 and December 31, 2022, the carrying amount of the investment in Navios Partners was $ 130,271 and $ 99,292 , respectively. As of June 30, 2023 and December 31, 2022, 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 $ 132,640 and $ 142,080 , respectively. Total equity method income of $ 15,210 and $ 13,160 were recognized under the caption “Equity in net earnings of affiliate companies” for the three-month periods ended June 30, 2023 and 2022, respectively, and total equity method income of $ 31,297 and $ 22,958 were recognized under the caption “Equity in net earnings of affiliate companies” for the six-month periods ended June 30, 2023 and 2022, respectively. Dividends received during each of the three-month periods ended June 30, 2023 and 2022 were $ 159 for both periods, and for each of the six-month periods ended June 30, 2023 and 2022, were $ 318 for both periods. As of June 30, 2023, the market value of the investment in Navios Partners was $ 69,553 . Based on the Company’s evaluation of the duration and magnitude of the fair value decline, Navios Partners’ financial condition and near-term prospects, and the Company’s intent and ability to hold its investment in Navios Partners until recovery, the Company concluded that the decline in fair value of its investment in Navios Partners below the investment’s carrying value is temporary and, therefore, no impairment was recorded. Following the results of the significance tests performed by the Company, it was concluded that Navios Partners met the significance threshold requiring summarized financial information. Summarized financial information of the affiliate company is presented below: Investment in Affiliate Companies - Summarized Financial Information of the Affiliate Companies (Table) Income Statement Navios Partners Three Month June 30, 2023 Three Month June 30, 2022 Revenue $ 346,938 $ 280,661 Time charter and voyage expenses $ (41,956) $ (21,718) Direct vessel expenses $ (17,764) $ (12,920) Vessel operating expenses $ (82,550) $ (73,989) Net income $ 112,308 $ 118,160 Income Statement Navios Partners Six Month June 30, 2023 Six Month June 30, 2022 Revenue $ 656,460 $ 517,278 Time charter and voyage expenses $ (81,719) $ (38,861) Direct vessel expenses $ (32,204) $ (24,113) Vessel operating expenses $ (165,766) $ (147,161) Net income $ 211,473 $ 203,825

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	NOTE 14: LEASES Leases Operating Leases Time charter out contracts The Company’s contract revenues from time chartering are governed by ASC 842. Upon adoption of ASC 842, the timing and recognition of earnings from the time charter contracts to which the Company is party did not change from previous practice. Land lease agreements As of June 30, 2023, Navios Logistics had land lease agreements whose remaining lease terms range from 42.7 years to 43.1 years. As a result of the acquisition of Vimalcor by Navios Logistics, completed in May 2023, the Company currently has the right of use to a plot of land in the Port of Montevideo. The concession expires in January 2029. Office lease agreements As of June 30, 2023, Navios Logistics had office lease agreements whose remaining lease terms ranged from less than 0.3 years to 3.4 years. Liquid Barges leasing contract On April 28, 2022, the Company entered into a five year leasing contract for eight liquid barges. In December 2022 , two of the eight liquid barges were delivered. The lease is repayable by 60 consecutive monthly payments of approximately $ 26 each. The agreement for the two lease contracts matures in the fourth quarter of 2027 . During the first quarter of 2023 , additional three liquid barges were delivered and are repayable by 60 consecutive monthly payments of approximately $ 26 each. One of the agreements matures in the fourth quarter of 2027 and two in the first quarter of 2028 . In the second quarter of 2023 , the remaining three liquid barges under the leasing contract were delivered and are repayable by 60 consecutive monthly payments of approximately $ 26 each and mature in the second quarter of 2028 . Leach ASC 842 requires that the leases be classified as either finance or operating arrangements, with such classification affecting the pattern and classification of expense recognition in an entity’s income statement. For operating leases, ASC 842 requires recognition in an entity’s income statement of a single lease expense, calculated so that the cost of the lease is allocated over the lease term, generally on a straight-line basis. Right-of-use assets represent a right to use an underlying asset for the lease term and the related lease liability represents an obligation to make lease payments pursuant to the contractual terms of the lease agreement. The tables below present the components of the Company’s lease expense for the three- and six-month periods ended June 30, 2023 and 2022: Leases - Lease Expenses (Table) Three Month Period Ended June 30, 2023 Three Month Period Ended June 30, 2022 Lease expense for charter-in contracts $ 1,553 $ 1,013 Lease expense for land lease agreements 180 165 Lease expense for office lease agreements 118 120 Total $ 1,851 $ 1,298 Six Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2022 Lease expense for charter-in contracts $ 2,815 $ 2,021 Lease expense for land lease agreements 293 309 Lease expense for office lease agreements 233 191 Total $ 3,341 $ 2,521 Lease expenses for charter-in contracts are included in the interim condensed consolidated statement of comprehensive income under the caption “Time charter, voyage and logistics business expenses”. Lease expenses for land lease agreements and office lease agreements are included in the interim condensed consolidated statement of comprehensive income under the captions “Time charter, voyage and logistics business expenses” and “General and administrative expenses”, respectively. On July 29, 2022, the Company completed the sale of its 15 charter-in and bareboat-in vessels to Navios Partners. For further information, see Note 15 “Discontinued operations” in the interim condensed consolidated financial statements. The table below provides the total amount of lease payments on an undiscounted basis on our charter-in contracts and office lease agreements as of June 30, 2023: Leases - Total amount of lease payments on an undiscounted basis (Table) Land leases Office space Liquid Barges June 30, 2024 $ 972 $ 626 $ 2,586 June 30, 2025 972 64 2,477 June 30, 2026 900 60 2,477 June 30, 2027 799 23 2,477 June 30, 2028 and thereafter 21,995 — 1,651 Total $ 25,638 $ 773 $ 11,668 Operating lease liabilities, including current portion $ 9,759 $ 716 $ 10,096 Discount based on incremental borrowing rate $ 15,879 $ 57 $ 1,572 As of June 30, 2023, the weighted average remaining lease terms on our office lease agreements and land leases and liquid barges leasing agreements are 1.5 years, 42.8 years and 4.7 years, respectively.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	NOTE 15: DISCONTINUED OPERATIONS Discontinued Operations In September 2022, Navios Holdings completed the sale of its 36 -vessel dry bulk fleet for consideration consisting of cash and the assumption of bank debt and finance leases related to the vessels and subject to working capital adjustment at closing, to Navios Partners (the “Transaction”). The closing of the Transaction was effected in two tranches. The first tranche, involving the transfer of 15 charter-in and bareboat vessels, was completed on July 29, 2022 . The second tranche, involving the remaining 21 owned vessels, was completed on September 8, 2022 . Amounts recorded in respect of discontinued operations in the three- and six-month periods ended June 30, 2023 and 2022, respectively are as follows: Discontinued Operations - Net Income/(Loss) from Discontinued Operations (Table) Three Month Period Ended June 30, 2023 Three Month Period Ended June 30, 2022 Six Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2022 Revenue $ — $ 90,037 $ — $ 158,672 Time charter, voyage and logistics business expenses — (17,210) — (32,260) Direct vessel expenses — (11,246) — (22,782) General and administrative expenses — (4,607) — (7,126) Depreciation and amortization — (6,639) — (13,071) Interest expense and finance cost, net — (19,328) — (41,111) Loss on bond extinguishment — (106) — (221) Other expense, net — (1,948) — (2,692) Income tax expense — (20) — (39) Net income from discontinued operations $ — $ 28,933 $ — $ 39,370 Assets and liabilities in respect of discontinued operations presented within the interim consolidated balance sheet as of June 30, 2023 and December 31, 2022 are as follows: Discontinued Operations - Assets and Liabilities from Discontinued Operations (Table) June 30, 2023 December 31, 2022 Accounts receivable, net — 3,489 Total assets of discontinued operations $ — $ 3,489 Accounts payable — 3,692 Accrued expenses and other liabilities — 1,825 Due to related parties, net — 565 Total liabilities of discontinued operations $ — $ 6,082

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	NOTE 16: SUBSEQUENT EVENTS Subsequent Events There are no events subsequent to the balance sheet date that require disclosure.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of presentation	(a) Basis of presentation : The accompanying interim condensed consolidated financial statements are unaudited, but, in the opinion of management, reflect all adjustments for a fair statement of Navios Holdings’ consolidated balance sheets, statements of comprehensive income, statements of cash flows and statements of changes in equity for the periods presented. The results of operations for the interim periods are not necessarily indicative of results for the full year. The footnotes are condensed as permitted by the requirements for interim financial statements and accordingly, do not include information and disclosures required under United States generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. All such adjustments are deemed to be of a normal recurring nature. These interim financial statements should be read in conjunction with the Company’s consolidated financial statements and notes included in Navios Holdings’ Annual Report for the year ended December 31, 2022 filed on Form 20-F with the Securities and Exchange Commission (“SEC”). Based on internal forecasts and projections that take into account potential changes in the Company’s trading performance and other assets, management believes that the Company has adequate financial resources to continue in operation and meet its financial commitments, including but not limited to capital expenditures and debt service obligations, for a period of at least twelve months from the date of issuance of the interim condensed consolidated financial statements. Although internal forecasts and projections are driven by market data and are subject to future volatility along with other factors outside the control of the Company, with the existence of alternative liquidity sources and management’s ability to utilize them if needed, management concludes that the Company has the ability to continue as a going concern as of the date of the issuance of the interim condensed consolidated financial statements. Following Russia’s invasion of Ukraine in February 2022 the United States, the European Union, the United Kingdom and other countries have announced sanctions against Russia, and may impose wider sanctions and take other actions in the future. To date, no apparent consequences have been identified on the Company’s business. Notwithstanding the foregoing, it is possible that these tensions might eventually have an adverse impact on our business, financial condition, results of operations and cash flows. Change in accounting policy: Foreign Currency Translation: 1,832 200 respectively. The impact of the amounts reclassified to each underlying item was not material for all prior periods presented.
Principles of consolidation	(b) Principles of consolidation : The accompanying interim condensed consolidated financial statements include the accounts of Navios Holdings, a Marshall Islands corporation, and its majority owned subsidiaries. All significant intercompany balances and transactions have been eliminated in the consolidated statements. Subsidiaries: 100 owned, except for Navios Logistics, which is 63.8% owned by Navios Holdings. Investments in Affiliate Companies: 20% and 50% of the voting rights, or over which the Company has significant influence, but it does not exercise control. Investments in these entities are accounted for under the equity method of accounting. Under this method, the Company records an investment in the stock of an affiliate company at cost, and adjusts the carrying amount for its share of the earnings or losses of the affiliate company subsequent to the date of investment and reports the recognized earnings or losses in income. Dividends received from an affiliate company reduce the carrying amount of the investment. The Company recognizes gains and losses in earnings for the issuance of shares by its affiliate companies, provided that the issuance of shares qualifies as a sale of shares. When the Company’s share of losses in an affiliate company equals or exceeds its interest in the affiliate company, the Company does not recognize further losses, unless the Company has incurred obligations or made payments on behalf of the affiliate company. Affiliate companies included in the financial statements accounted for under the equity method:
Asset acquisition	(c) Asset acquisition : When the Company enters into an acquisition transaction, it determines whether the acquisition transaction is a purchase of an asset or a business based on the facts and circumstances of the transaction. In accordance with Topic 805, Business Combinations, the Company first evaluates whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets (Step 1). If that threshold is met, the set of assets and activities is not a business. If the threshold is not met, the Company evaluates whether the set meets the definition of a business (Step 2). To be considered a business, a set must include an input and a substantive process that together significantly contributes to the ability to create an output. All assets acquired and liabilities assumed in a business combination are measured at their acquisition date fair values. For asset acquisitions, the net assets acquired should be measured following a cost accumulation and allocation model under which the cost of the acquisition is allocated on a relative fair value basis to the qualifying assets acquired. In May 2023, Navios Logistics completed the acquisition of the stock of Vimalcor S.A. (“Vimalcor”) for a purchase price of $ 1,600 . The main asset acquired is the right of use of a plot of land in the port of Montevideo (refer to Note 5 and Note 14).
Revenue Recognition	(d) Revenue Recognition : Revenue is recognized when (or as) the Company transfers promised goods or services to its customers in amounts that reflect the consideration to which the company expects to be entitled to in exchange for those goods or services, which occurs when (or as) the Company satisfies its contractual obligations and transfers control of the promised goods or services to its customers. In determining the appropriate amount of revenue to be recognized as it fulfills its obligations under its agreements, the Company performs the following steps: (i) identification of the promised goods or services in the contract; (ii) determination of whether the promised goods or services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations based on estimated selling prices; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. Voyage revenues for the transportation of cargo are recognized ratably over the estimated relative transit time of each voyage. A voyage is deemed to commence when a vessel arrives at the loading port, as applicable under the contract, and is deemed to end upon the completion of the discharge of the current cargo. Under a voyage charter, a vessel is provided for the transportation of specific goods between specific ports in return for payment of an agreed upon freight per ton of cargo. Revenues are recorded net of address commissions. Address commissions represent a discount provided directly to the charterers based on a fixed percentage of the agreed upon charter rate. Since address commissions represent a discount (sales incentive) on services rendered by the Company and no identifiable benefit is received in exchange for the consideration provided to the charterer, these commissions are presented as a reduction of revenue. Revenue from contracts of affreightment (“COA”)/voyage contracts relating to our barges are recognized ratably over the estimated relative transit time of each voyage. A voyage is deemed to commence upon the barge’s arrival at the loading port, as applicable under the contract, and is deemed to end upon the completion of discharge under the current voyage. The percentage of transit time is based on the number of days traveled as of the balance sheet date divided by the number of total days expected for the voyage. The position of the barge at the balance sheet date is determined by the days traveled as of the balance sheet date over the total voyage of the pushboat having the barge in tow. Revenue arising from contracts that provide our customers with continuous access to convoy capacity is recognized ratably over the period of the contracts. Demurrage income represents payments made by the charterer to the vessel owner when loading or discharging time exceeds the stipulated time in the voyage charter and is recognized as it is earned. The Company recognizes revenue ratably from the vessel’s/barge’s arrival at the loading port, as set forth in the applicable contract, to when the charterer’s cargo is discharged as well as defer costs that meet the definition of “costs to fulfill a contract” and relate directly to the contract. Revenues from time-chartering and bareboat chartering of vessels and barges are accounted for as operating leases and are thus recognized on a straight-line basis as the average revenue over the rental periods of such charter agreements as service is performed. However, for loss generating time charters, the loss is recognized in the period during which the loss is generated. A time-charter involves placing a vessel or barge at the charterer’s disposal for a period of time during which the charterer uses the vessel in return for the payment of a specified daily hire rate. Charters for periods of less than three months are referred to as spot-charters. Charters for periods of three months to a year are generally referred to as medium-term charters. All other charters are considered long-term. For time-charters, the owner of the vessel typically pays the vessel’s operating costs, such as crews, maintenance and insurance. Revenues from dry port terminal operations consist of an agreed flat fee per ton and cover the services performed in connection with unloading cargo from barges (or trucks), transferring the cargo into silos or the stockpiles for temporary storage, and loading the ocean-going vessels. Revenues are recognized upon completion of loading the ocean-going vessels. Revenue arising from contracts that provide our customers with continuous access to port terminal storage and transshipment capacity is recognized ratably over the period of the contracts. Additionally, fees are charged for vessel dockage and for storage time in excess of contractually specified terms. Dockage revenues are recognized ratably up to completion of loading as the performance obligation is met evenly over the loading period. Storage fees are assessed and recognized at the point when the product remains in the silo storage beyond the contractually agreed upon term. Storage fee revenue is recognized ratably over the storage period and ends when the product is loaded onto the ocean-going vessel. Revenues from liquid port terminal operations consist mainly of sales of petroleum products in the Paraguayan market and revenues from liquid port operations. Revenues from liquid port terminal operations consist of an agreed flat fee per cubic meter or a fixed rate over a specific period to cover the services performed to unload barges, transfer the products into the tanks for temporary storage and then loading the trucks. Revenues that consist of an agreed flat fee per cubic meter are recognized upon completion of loading the trucks. Revenues from liquid port terminal operations that consist of a fixed rate over a specific period are recognized ratably over the storage period as the performance obligation is met evenly over time, ending when the product is loaded onto the trucks. Expenses related to our revenue-generating contracts are recognized as incurred. The following tables reflect the revenue earned per category for the three- and six-month periods ended June 30, 2023 and 2022: Summary of Significant Accounting Policies - Revenue per Category (Table) Three Month Period Ended June 30,2023 Three Month Period Ended June 30,2022 Six Month Period Ended June 30,2023 Six Month Period Ended June 30,2022 COA/Voyage revenue $ 22,995 $ 24,519 $ 38,762 $ 44,326 Time chartering revenue $ 22,474 $ 13,808 $ 41,208 $ 25,201 Port terminal revenue $ 24,600 $ 25,174 $ 48,842 $ 47,991 Storage fees (dry port) revenue $ 62 $ 1,812 $ 102 $ 2,173 Dockage revenue $ 2,797 $ 1,745 $ 4,656 $ 3,107 Sale of products revenue $ 6,677 $ — $ 9,764 $ 1,894 Liquid port terminal revenue $ 1,413 $ 1,614 $ 2,717 $ 3,075 Other $ 880 $ 513 $ 1,259 $ 572 Total $ 81,898 $ 69,185 $ 147,310 $ 128,339 Deferred Income and Cash Received In Advance: These amounts are recognized as revenue over the voyage or charter period.
Recent Accounting Pronouncements	(e) Recent Accounting Pronouncements : Adoption of new accounting pronouncements: In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-4, “Reference Rate Reform (Topic 848)” (“ASU 2020-4”), which provides optional guidance intended to ease the potential burden in accounting for the expected discontinuation of LIBOR as a reference rate in the financial markets. The guidance can be applied to modifications made to certain contracts to replace LIBOR with a new reference rate. The guidance, if adopted, will permit entities to treat such modifications as the continuation of the original contract, without any required accounting reassessments or remeasurements. In addition, in January 2021, the FASB issued ASU No. 2021-01 with respect to the Reference Rate Reform (Topic 848). The amendments in this Update clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU 2020-4 was effective for the Company beginning on March 12, 2020 and the Company will apply the amendments prospectively through December 31, 2024. There was no material impact to the Company’s interim condensed consolidated financial statements as of June 30, 2023.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies - Revenue per Category (Table)	Summary of Significant Accounting Policies - Revenue per Category (Table) Three Month Period Ended June 30,2023 Three Month Period Ended June 30,2022 Six Month Period Ended June 30,2023 Six Month Period Ended June 30,2022 COA/Voyage revenue $ 22,995 $ 24,519 $ 38,762 $ 44,326 Time chartering revenue $ 22,474 $ 13,808 $ 41,208 $ 25,201 Port terminal revenue $ 24,600 $ 25,174 $ 48,842 $ 47,991 Storage fees (dry port) revenue $ 62 $ 1,812 $ 102 $ 2,173 Dockage revenue $ 2,797 $ 1,745 $ 4,656 $ 3,107 Sale of products revenue $ 6,677 $ — $ 9,764 $ 1,894 Liquid port terminal revenue $ 1,413 $ 1,614 $ 2,717 $ 3,075 Other $ 880 $ 513 $ 1,259 $ 572 Total $ 81,898 $ 69,185 $ 147,310 $ 128,339

Cash and Cash Equivalents and_2

Cash and Cash Equivalents and Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2023
Cash and Cash Equivalents [Abstract]
Cash and Cash equivalents (Table)	Cash and Cash equivalents (Table) June 30, 2023 December 31, 2022 Cash on hand and at banks $ 27,780 $ 32,851 Short-term deposits and highly liquid funds 40,910 45,690 Restricted cash 10 310 Cash and cash equivalents and restricted cash $ 68,700 $ 78,851

Vessels, Port Terminals and O_2

Vessels, Port Terminals and Other Fixed, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Vessels, Port Terminals and Other Fixed Assets, Net (Table)	Vessels, Port Terminals and Other Fixed Assets, Net (Table) Vessels, Port Terminals and Other Fixed Assets, net Cost Accumulated Depreciation Net Book Value Balance December 31, 2022 $ 814,510 $ (318,591) $ 495,919 Additions 8,704 (14,237) (5,533) Impairment losses (2,038) 1,121 (917) Transfers to Asset held for sale (3,878) — (3,878) Transfers from deposits for vessels, port terminal and other fixed assets, net 3,198 — 3,198 Disposals (147) — (147) Balance June 30, 2023 $ 820,349 $ (331,707) $ 488,642

Intangible Assets Other Than _2

Intangible Assets Other Than Goodwill (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Other Than Goodwill (Table)	Intangible Assets Other Than Goodwill (Table) Intangible assets June 30, 2023 December 31, 2022 Acquisition cost $ 90,601 $ 89,272 Accumulated amortization (44,498) (43,079) Total intangible assets net book value $ 46,103 $ 46,193
Intangible Assets Other Than Goodwill - Schedule of Aggregate Amortization (Table)	Intangible Assets Other Than Goodwill - Schedule of Aggregate Amortization (Table) Period Year One $ 3,004 Year Two 3,004 Year Three 3,004 Year Four 3,004 Year Five 2,037 Thereafter 32,050 Total $ 46,103

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Borrowings (Table)	Borrowings (Table) Facility June 30, 2023 December 31, 2022 2024 Notes 8,626 8,626 Convertible Debenture 121,202 118,833 2025 Logistics Senior Notes 500,000 500,000 Navios Logistics other long-term loans and notes payable 45,352 59,385 Total borrowings 675,180 686,844 Less: current portion, net (31,997) (23,544) Less: deferred finance costs, net (9,950) (12,090) Total long-term borrowings $ 633,233 $ 651,210
Borrowings - Principal payments (Table)	Borrowings - Principal payments (Table) Payment due by period June 30, 2024 $ 32,028 June 30, 2025 17,444 June 30, 2026 504,506 June 30, 2027 121,202 Total $ 675,180

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Of Financial Instruments
Fair Value of Financial Instruments - Fair Value of financial instruments (Table)	Fair Value of Financial Instruments - Fair Value of financial instruments (Table) June 30, 2023 December 31, 2022 Book Value Fair Value Book Value Fair Value Cash and cash equivalents $ 68,690 $ 68,690 $ 78,541 $ 78,541 Restricted cash $ 10 $ 10 $ 310 $ 310 Senior and ship mortgage notes, net $ (498,733) $ (497,901) $ (496,608) $ (491,976) Long-term debt, including current portion $ (45,295) $ (45,352) $ (59,313) $ (59,385) Convertible debenture payable to affiliate companies (1) $ (121,202) $ (121,202) $ (118,833) $ (118,833)
Fair Value of Financial Instruments - Assets measured at Fair Value on a Non-Recurring Basis (Table)	Fair Value of Financial Instruments - Assets measured at Fair Value on a Non-Recurring Basis (Table) Fair Value Measurements as of June 30, 2023 Total Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) Asset held for sale $ 4,550 $ — $ 4,550 $ — Total $ 4,550 $ — $ 4,550 $ —
Fair Value of Financial Instruments - Fair value measurements (Table)	Fair Value of Financial Instruments - Fair value measurements (Table) Fair Value Measurements at June 30, 2023 Total (Level I) (Level II) (Level III) Cash and cash equivalents $ 68,690 $ 68,690 $ — $ — Restricted cash $ 10 $ 10 $ — $ — Senior and ship mortgage notes $ (497,901) $ (498,275) $ (8,626) $ — Long-term debt, including current portion (1) $ (45,352) $ — $ (45,352) $ — Convertible debenture payable to affiliate companies (1) $ (121,202) $ — $ (121,202) $ — Fair Value Measurements at December 31, 2022 Total (Level I) (Level II) (Level III) Cash and cash equivalents $ 78,541 $ 78,541 $ — $ — Restricted cash $ 310 $ 310 $ — $ — Senior and ship mortgage notes $ (491,976) $ 78,541 $ (8,626) $ — Long-term debt, including current portion (1) $ (59,385) $ — $ (59,385) $ — Convertible debenture payable to affiliate companies (2) $ (118,833) $ — $ (118,833) $ — (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 Convertible Debenture 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.

Earnings_(Loss) per Common Sh_2

Earnings/(Loss) per Common Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings/(Loss) per Common Share - Earnings/(Loss) per share, basic and diluted (Table)	Earnings/(Loss) per Common Share - Earnings/(Loss) per share, basic and diluted (Table) Three Month Period Ended June 30, 2023 Three Month Period Ended June 30, 2022 Six Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2022 Numerator: Net income attributable to Navios Holdings common stockholders, from continuing operations $ 15,480 $ 16,027 $ 29,945 $ 590 Less: Undeclared dividend on preferred stock and on unvested restricted shares (940) (1,284) (1,871) (2,561) Undistributed income attributable to Series I Preferred Stock participating shares on an as converted basis from continuing operations (8,333) (4,203) (16,056) 489 Income/(loss) attributable to Navios Holdings common stockholders, basic and diluted from continuing operations $ 6,207 $ 10,540 $ 12,018 $ (1,482) Income attributable to Navios Holdings common stockholders, basic and diluted from discontinued operations — 28,933 — 39,370 Less: Undistributed income attributable to Series I Preferred Stock participating shares on an as converted basis from discontinued operations — (8,248) — (9,773) Income attributable to Navios Holdings common stockholders, basic and diluted from discontinued operations — $ 20,685 $ — $ 29,597 Net income attributable to Navios Holdings common stockholders $ 6,207 $ 31,225 $ 12,018 $ 28,115 Denominator: Denominator for basic earnings/(loss) per share attributable to Navios Holdings common stockholders — weighted average shares 22,744,450 22,654,825 22,744,450 22,643,215 Basic earnings/(loss) per share attributable to Navios Holdings common stockholders from continuing operations $ 0.27 $ 0.47 $ 0.53 $ (0.07) Basic earnings per share attributable to Navios Holdings common stockholders from discontinued operations $ — $ 0.91 $ — $ 1.31 Basic earnings per share attributable to Navios Holdings common stockholders $ 0.27 $ 1.38 $ 0.53 $ 1.24 Denominator for diluted earnings/(loss) per share attributable to Navios Holdings common stockholders — weighted average shares 22,850,450 22,848,328 22,850,450 22,845,014 Diluted earnings/(loss) per share attributable to Navios Holdings common stockholders from continuing operations $ 0.27 $ 0.46 $ 0.53 $ (0.07) Diluted earnings per share attributable to Navios Holdings common stockholders from discontinued operations $ — $ 0.91 $ — $ 1.30 Diluted earnings per share attributable to Navios Holdings common stockholders $ 0.27 $ 1.37 $ 0.53 $ 1.23 Weighted average Number of Series I Preferred Stock participating preferred shares on an as converted basis, basic and diluted 30,535,679 9,033,380 30,387,225 7,476,991 Earnings per share to Series I Preferred Stock participating preferred shares on an as converted basis, basic and diluted $ 0.27 $ 1.38 $ 0.53 $ 1.24

Investments in Affiliate Comp_2

Investments in Affiliate Companies (Tables)	6 Months Ended
	Jun. 30, 2023
Investments in and Advances to Affiliates [Abstract]
Investment in Affiliate Companies - Summarized Financial Information of the Affiliate Companies (Table)	Investment in Affiliate Companies - Summarized Financial Information of the Affiliate Companies (Table) Income Statement Navios Partners Three Month June 30, 2023 Three Month June 30, 2022 Revenue $ 346,938 $ 280,661 Time charter and voyage expenses $ (41,956) $ (21,718) Direct vessel expenses $ (17,764) $ (12,920) Vessel operating expenses $ (82,550) $ (73,989) Net income $ 112,308 $ 118,160 Income Statement Navios Partners Six Month June 30, 2023 Six Month June 30, 2022 Revenue $ 656,460 $ 517,278 Time charter and voyage expenses $ (81,719) $ (38,861) Direct vessel expenses $ (32,204) $ (24,113) Vessel operating expenses $ (165,766) $ (147,161) Net income $ 211,473 $ 203,825

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases - Lease Expenses (Table)	Leases - Lease Expenses (Table) Three Month Period Ended June 30, 2023 Three Month Period Ended June 30, 2022 Lease expense for charter-in contracts $ 1,553 $ 1,013 Lease expense for land lease agreements 180 165 Lease expense for office lease agreements 118 120 Total $ 1,851 $ 1,298 Six Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2022 Lease expense for charter-in contracts $ 2,815 $ 2,021 Lease expense for land lease agreements 293 309 Lease expense for office lease agreements 233 191 Total $ 3,341 $ 2,521
Leases - Total amount of lease payments on an undiscounted basis (Table)	Leases - Total amount of lease payments on an undiscounted basis (Table) Land leases Office space Liquid Barges June 30, 2024 $ 972 $ 626 $ 2,586 June 30, 2025 972 64 2,477 June 30, 2026 900 60 2,477 June 30, 2027 799 23 2,477 June 30, 2028 and thereafter 21,995 — 1,651 Total $ 25,638 $ 773 $ 11,668 Operating lease liabilities, including current portion $ 9,759 $ 716 $ 10,096 Discount based on incremental borrowing rate $ 15,879 $ 57 $ 1,572

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations - Net Income/(Loss) from Discontinued Operations (Table)	Discontinued Operations - Net Income/(Loss) from Discontinued Operations (Table) Three Month Period Ended June 30, 2023 Three Month Period Ended June 30, 2022 Six Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2022 Revenue $ — $ 90,037 $ — $ 158,672 Time charter, voyage and logistics business expenses — (17,210) — (32,260) Direct vessel expenses — (11,246) — (22,782) General and administrative expenses — (4,607) — (7,126) Depreciation and amortization — (6,639) — (13,071) Interest expense and finance cost, net — (19,328) — (41,111) Loss on bond extinguishment — (106) — (221) Other expense, net — (1,948) — (2,692) Income tax expense — (20) — (39) Net income from discontinued operations $ — $ 28,933 $ — $ 39,370
Discontinued Operations - Assets and Liabilities from Discontinued Operations (Table)	Discontinued Operations - Assets and Liabilities from Discontinued Operations (Table) June 30, 2023 December 31, 2022 Accounts receivable, net — 3,489 Total assets of discontinued operations $ — $ 3,489 Accounts payable — 3,692 Accrued expenses and other liabilities — 1,825 Due to related parties, net — 565 Total liabilities of discontinued operations $ — $ 6,082

Description of Business (Detail

Description of Business (Details Narrative)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Number of Reportable Segments	1
Navios Partners [Member]
Ownership Percentage	10.30%
Navios Logistics [Member]
Incorporation date	Dec. 17, 2007
Ownership Percentage	63.80%	63.80%
Navios Partners [Member]
Number of vessels sold	36

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Revenue per Category (Table) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues	$ 81,898	$ 69,185	$ 147,310	$ 128,339
COA/Voyage revenue [Member]
Revenue	22,995	24,519	38,762	44,326
Time chartering revenue [Member]
Revenue	22,474	13,808	41,208	25,201
Port terminal revenue [Member]
Revenue	24,600	25,174	48,842	47,991
Storage fees (dry port) revenue [Member]
Revenue	62	1,812	102	2,173
Dockage revenue [Member]
Revenue	2,797	1,745	4,656	3,107
Sale of products revenue [Member]
Revenue	6,677	0	9,764	1,894
Liquid port terminal revenue [Member]
Revenue	1,413	1,614	2,717	3,075
Other [Member]
Revenue	$ 880	$ 513	$ 1,259	$ 572

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details Narrative) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Realized Gain (Loss), Foreign Currency Transaction, before Tax	$ 1,832	$ 200
Minimum [Member] | Affiliate Companies [Member]
Property, Plant and Equipment [Line Items]
Voting rights	20%
Maximum [Member] | Affiliate Companies [Member]
Property, Plant and Equipment [Line Items]
Voting rights	50%
All Except Navios Logistics Subsidiary [Member]
Property, Plant and Equipment [Line Items]
Subsidiary ownership	100%
Navios Logistics Subsidiary [Member]
Property, Plant and Equipment [Line Items]
Subsidiary ownership	63.80%
Navios Logistics Subsidiary [Member] | Port of Montevideo [Member]
Property, Plant and Equipment [Line Items]
Purchase price	$ 1,600

Cash and Cash equivalents (Tabl

Cash and Cash equivalents (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Cash on hand and at banks	$ 27,780	$ 32,851
Short-term deposits and highly liquid funds	40,910	45,690
Restricted cash	10	310
Cash and cash equivalents and restricted cash	$ 68,700	$ 78,851	$ 54,946	$ 137,851

Cash and Cash Equivalents and_3

Cash and Cash Equivalents and Restricted Cash (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Current	$ 10	$ 310
Amounts Held As Security [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Current		10
Cash Collateral in Escrow Accounts [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Current		$ 300

Vessels, Port Terminals and O_3

Vessels, Port Terminals and Other Fixed Assets, Net (Table) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Property, Plant and Equipment [Line Items]
Balance beginning of period	$ 495,919
Balance ending of period	488,642
Cost [Member]
Property, Plant and Equipment [Line Items]
Balance beginning of period	814,510
Additions	8,704
Impairment losses	(2,038)
Transfers to Asset held for sale	(3,878)
Transfers from deposits for vessels, port terminal and other fixed assets, net	3,198
Disposals	(147)
Balance ending of period	820,349
Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Balance beginning of period	(318,591)
Additions	(14,237)
Impairment losses	1,121
Balance ending of period	(331,707)
Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Balance beginning of period	495,919
Additions	(5,533)
Impairment losses	(917)
Transfers to Asset held for sale	(3,878)
Transfers from deposits for vessels, port terminal and other fixed assets, net	3,198
Disposals	(147)
Balance ending of period	$ 488,642

Vessels, Port Terminals and O_4

Vessels, Port Terminals and Other Fixed, Net (Details Narrative) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Payments for Capital Improvements			$ 0	$ 1,576
Gain (Loss) on Sale of Assets and Asset Impairment Charges	$ (1,651)	$ 0	(1,651)	$ 0
Remaining carrying balance of dry dock costs	488,642		488,642		$ 495,919
Inventory	10,251		10,251		10,468
Increased amount of asset held for sale	3,907		3,907		0
Land Port Murtinho [Member] | Navios Logistics [Member]
Property, Plant and Equipment [Line Items]
Payments for Capital Improvements			871		807
New Liquid Terminal [Member] | Navios Logistics [Member]
Property, Plant and Equipment [Line Items]
Payments for Capital Improvements			930
He Man H [Member]
Property, Plant and Equipment [Line Items]
Gain (Loss) on Sale of Assets and Asset Impairment Charges			1,651
Inventory	29		29
Increased amount of asset held for sale	3,907		3,907
Fair value of the vessel	4,450		$ 4,450
Delivery date to unrelated party			August 2023
Dry Docking Cost [Member] | He Man H [Member]
Property, Plant and Equipment [Line Items]
Remaining carrying balance of dry dock costs	$ 734		$ 734
Stockpile [Member] | Iron Ore Port [Member] | Navios Logistics [Member]
Property, Plant and Equipment [Line Items]
Tranfers from deposits for vessles, port terminal and other fixed assets, net			3,198
Payments for Capital Improvements					1,907
Crane [Member] | Iron Ore Port [Member] | Navios Logistics [Member]
Property, Plant and Equipment [Line Items]
Payments for Capital Improvements			$ 3,941		$ 597
Navios Partners [Member]
Property, Plant and Equipment [Line Items]
Number of owned vessels					21

Intangible Assets Other Than _3

Intangible Assets Other Than Goodwill (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisition cost	$ 90,601	$ 89,272
Accumulated amortization	(44,498)	(43,079)
Total intangible assets net book value	$ 46,103	$ 46,193

Intangible Assets Other Than _4

Intangible Assets Other Than Goodwill - Schedule of Aggregate Amortization (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Year One	$ 3,004
Year Two	3,004
Year Three	3,004
Year Four	3,004
Year Five	2,037
Thereafter	32,050
Total intangible assets net book value	$ 46,103	$ 46,193

Intangible Assets Other Than _5

Intangible Assets Other Than Goodwill (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Amortization of Intangible Assets	$ 726	$ 693	$ 1,419	$ 1,386
Vimalcor [Member]
Property, Plant and Equipment [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 1,329		$ 1,329

Borrowings (Table) (Details)

Borrowings (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
2024 Notes	$ 8,626	$ 8,626
Convertible Debenture	121,202	118,833
2025 Logistics Senior Notes	500,000	500,000
Navios Logistics other long-term loans and notes payable	45,352	59,385
Total borrowings	675,180	686,844
Less: current portion, net	(31,997)	(23,544)
Less: deferred finance costs, net	(9,950)	(12,090)
Total long-term borrowings	$ 633,233	$ 651,210

Borrowings - Principal payments

Borrowings - Principal payments (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
June 30, 2024	$ 32,028
June 30, 2025	17,444
June 30, 2026	504,506
June 30, 2027	121,202
Total	$ 675,180	$ 686,844

Borrowings (Details Narrative)

Borrowings (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Jan. 12, 2021
Debt Instrument [Line Items]
Convertible Debt, Noncurrent	$ 121,202,000			$ 118,833,000
Senior notes borrowing	500,000,000			500,000,000
Notes and Loans Payable	45,352,000			59,385,000
Proceeds from Related Party Debt	$ 0	$ 262,632,000
Four Navios Holdings Credit Facilities [Member]
Debt Instrument [Line Items]
Repayments of Debt		$ 131,012,000
Three Month Period Ended [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	9.12%	10.17%
Six Month Period Ended [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	9.14%	10.05%
Convertible Debenture [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			0.04%		0.04%
Convertible Debt			$ 24,000,000
Debt Instrument, Convertible, Terms of Conversion Feature			five years
Convertible Debt, Noncurrent	$ 121,202,000
Senior Notes 2024 [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	100%
Senior Notes 2024 [Member] | Series H Preferred Stock [Member]
Debt Instrument [Line Items]
Date of debt instrument issuance	March 21, 2019
Debt Instrument, Face Amount	$ 4,747,000
Debt Instrument, Interest Rate, Stated Percentage	9.75%
Treasury Stock, Shares, Acquired	10,930
Senior Notes 2024 [Member] | Series G Preferred Stock [Member]
Debt Instrument [Line Items]
Date of debt instrument issuance	April 21, 2019
Debt Instrument, Face Amount	$ 3,879,000
Treasury Stock, Shares, Acquired	8,841
2025 Logistics Senior Notes [Member] | Navios Logistics [Member] | Prior to August 1, 2022 [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	102.688%
2025 Logistics Senior Notes [Member] | Navios Logistics [Member] | Upon Certain Changes In Law [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption, Description	100% of the principal amount plus accrued and unpaid interest
2025 Logistics Senior Notes [Member] | Navios Logistics [Member] | Upon occurrence of certain change of control events [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption, Description	101% of the principal amount plus accrued and unpaid interest
2025 Logistics Senior Notes [Member] | Navios Logistics [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	10.75%
Debt Instrument, Issuance Date	Jul. 08, 2020
Senior notes borrowing	$ 500,000,000
Maturity date of debt	July 1, 2025
Debt Instrument, Covenant Description	The 2025 Notes are fully and unconditionally guaranteed, jointly and severally, by all of the Company’s direct and indirect subsidiaries, other than Logistics Finance. The 2025 Notes are currently secured by: (i) first priority ship mortgages on three tanker vessels servicing the Company’s Cabotage Business (the (1) Elena H, (2) Makenita H and (3) Sara H). owned by certain subsidiary guarantors (such guarantors, the “Mortgaged Vessel Guarantors”) and related assignments of earnings and insurance, together with a first priority lien on the capital stock of each Mortgaged Vessel Guarantor; and (ii) an assignment by way of security of the Vale port contract (collectively, the “Collateral”).
Debt Instrument, Covenant Compliance	The Logistics Co-Issuers were in compliance with the covenants as of June 30, 2023.
Debt Issuance Costs, Net	$ 9,893,000			$ 12,018,000
Navios Logistics other long-term loans and notes payable [Member]
Debt Instrument [Line Items]
Notes and Loans Payable	$ 45,352,000
Description of scope, credit facility	to finance the construction of its Dry Port Terminal, the acquisition of vessels, and for general corporate purposes
Debt Instrument, Description of Variable Rate Basis	LIBOR or Secured Overnight Financing Rate (“SOFR”)
Navios Logistics other long-term loans and notes payable [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.15%
Navios Logistics other long-term loans and notes payable [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	8.50%
Secured Debt [Member]
Debt Instrument [Line Items]
Repayments of Secured Debt	$ 14,002,000	$ 39,035,000
NSM Loans [Member]
Debt Instrument [Line Items]
Proceeds from Related Party Debt		262,632,000
Long-term debt [Member]
Debt Instrument [Line Items]
Proceeds from Lines of Credit		235,725,000
Sale and Leaseback Agreements [Member]
Debt Instrument [Line Items]
Proceeds from Lines of Credit		$ 31,000,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Fair Value of financial instruments (Table) (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Fair Value Of Financial Instruments
Cash and cash equivalents - Book Value		$ 68,690	$ 78,541
Cash and cash equivalents - Fair Value		68,690	78,541
Restricted cash - Book Value		10	310
Restricted cash - Fair Value		10	310
Senior and ship mortgage notes, net - Book Value		(498,733)	(496,608)
Senior and ship mortgage notes, net - Fair Value		(497,901)	(491,976)
Long-term debt, including current portion - Book Value		(45,295)	(59,313)
Long-term debt, including current portion - Fair Value	[1]	(45,352)	(59,385)
Convertible debenture payable to affiliate companies - Book Value	[1]	(121,202)	(118,833)
Convertible debenture payable to affiliate companies - Fair Value	[1]	$ (121,202)	$ (118,833)	[2]
[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 Convertible Debenture 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.

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Assets measured at Fair Value on a Non-Recurring Basis (Table) (Details) - Fair Value, Nonrecurring [Member] $ in Thousands	Jun. 30, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset held for sale	$ 4,550
Total	4,550
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset held for sale	4,550
Total	$ 4,550

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Fair value measurements (Table) (Details) - USD ($) $ in Thousands		Jun. 30, 2023		Dec. 31, 2022
Platform Operator, Crypto-Asset [Line Items]
Cash and cash equivalents		$ 68,690		$ 78,541
Restricted cash		10		310
Senior and ship mortgage notes		(497,901)		(491,976)
Long-term debt, including current portion	[1]	(45,352)		(59,385)
Convertible debenture payable to affiliate companies	[1]	(121,202)		(118,833)	[2]
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto-Asset [Line Items]
Cash and cash equivalents		68,690		78,541
Restricted cash		10		310
Senior and ship mortgage notes		(498,275)
Long-term debt, including current portion	[1]	0
Convertible debenture payable to affiliate companies	[1]	0
Senior and ship mortgage notes				78,541
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto-Asset [Line Items]
Cash and cash equivalents		0		0
Restricted cash		0		0
Senior and ship mortgage notes		(8,626)		(8,626)
Long-term debt, including current portion	[1]	(45,352)		(59,385)
Convertible debenture payable to affiliate companies		$ (121,202)	[1]	$ (118,833)	[2]
[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 Convertible Debenture 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.

Fair Value of Financial Instr_6

Fair Value of Financial Instruments (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Gain (Loss) on Sale of Assets and Asset Impairment Charges	$ (1,651)	$ 0	$ (1,651)	$ 0
He Man H [Member]
Defined Benefit Plan Disclosure [Line Items]
Gain (Loss) on Sale of Assets and Asset Impairment Charges			1,651
Assets, Fair Value Disclosure	4,450		4,450
Navios Logistics [Member] | He Man H [Member]
Defined Benefit Plan Disclosure [Line Items]
Gain (Loss) on Sale of Assets and Asset Impairment Charges			1,651
Navios Logistics [Member] | Malva H [Member]
Defined Benefit Plan Disclosure [Line Items]
Assets, Fair Value Disclosure	$ 4,550		$ 4,550

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) $ in Thousands	6 Months Ended			9 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Sep. 30, 2020 USD ($)	Dec. 31, 2021 USD ($)
Letters of Credit Outstanding, Amount	$ 10				$ 10
Navios Logistics [Member] | Storage And Transshipment Contract [Member]
Contractual Obligation				$ 4,140
Number of repayment installments				3
Payments for Legal Settlements	$ 1,380	$ 1,380	$ 1,380
Navios Logistics [Member] | Vitol S.A. [Member] | Performance Guarantee [Member]
Guarantor Obligations, Term	Navios Logistics has issued a guarantee and indemnity letter that guarantees the performance obligations a consolidated subsidiary of all its obligations to Vitol S.A. up to $12,000. This guarantee expires on March 28, 2024
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 12,000
Navios Logistics [Member] | Edolmix S.A. and Energias Renovables del Sur S.A. [Member] | Performance Guarantee [Member]
Guarantor Obligations, Term	On July 22, 2016, Navios Logistics guaranteed the compliance of certain obligations related to two consolidated subsidiaries under their respective direct user agreements with the Free Zone of Nueva Palmira, for the amounts of $
Navios Logistics [Member] | Eldomix S.A. [Member] | Performance Guarantee [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 847
Navios Logistics [Member] | Energias Renovables del Sur S.A. [Member] | Performance Guarantee [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 519

Transactions with Related Par_2

Transactions with Related Parties (Details Narrative)

3 Months Ended

6 Months Ended

7 Months Ended

8 Months Ended

9 Months Ended

12 Months Ended

Sep. 08, 2022 USD ($)

Jun. 30, 2023 USD ($)

Jun. 30, 2022 USD ($)

Jun. 30, 2023 USD ($)

Jun. 30, 2022 USD ($)

Jul. 30, 2021 USD ($)

Aug. 31, 2022 USD ($)

Aug. 31, 2021 USD ($)

Oct. 01, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Jan. 31, 2022 USD ($)

Jan. 12, 2021

Related Party Transaction [Line Items]

General and Administrative Expense

$ 6,983,000

$ 4,782,000

$ 12,363,000

$ 8,829,000

Disposal Group, Including Discontinued Operation, General and Administrative Expense

0

4,607,000

0

7,126,000

Other Liabilities, Current

2,304,000

2,304,000

$ 1,642,000

Convertible Debt, Noncurrent

121,202,000

121,202,000

118,833,000

Convertible Notes Payable, Noncurrent

121,202,000

121,202,000

$ 118,833,000

Payments to Noncontrolling Interests

10,000,000

0

Office Spaces [Member]

Related Party Transaction [Line Items]

[custom:LesseeFinanceLeaseTermOfContract]

five years

Interest and Fee Income, Loans, Lease Financing

$ 35,600

Convertible Debenture [Member]

Related Party Transaction [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

0.04%

0.04%

Convertible Debt, Noncurrent

121,202,000

$ 121,202,000

Convertible Debt

$ 24,000,000

Debt Instrument, Payment Terms

The agreements also provide for prepayment premiums ranging from 5%-10% during the first 36 months of the term which is payable in the form of Convertible Debenture

Debt Instrument, Convertible, Terms of Conversion Feature

five years

Midstream General Partner Option Agreement [Member]

Related Party Transaction [Line Items]

Business Acquisition, Equity Interest Issued or Issuable, Description

Navios Holdings entered into an option agreement, with Navios Acquisition under which Navios Acquisition, which owns and controls Navios Maritime Midstream Partners GP LLC (“Midstream General Partner”), granted Navios Holdings the option to acquire a minimum of 25% of the outstanding membership interests in Midstream General Partner 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, 2023, Navios Holdings had not exercised any part of that option

Fifth year lease interest rate [Member] | Office Spaces [Member]

Related Party Transaction [Line Items]

Lessee, Operating Lease, Discount Rate

5%

For the first four years lease interest rate [Member] | Office Spaces [Member]

Related Party Transaction [Line Items]

Lessee, Operating Lease, Discount Rate

3%

NSM Loan I [Member]

Related Party Transaction [Line Items]

Initiation date

December 2021

Line of Credit Facility, Maximum Borrowing Capacity

$ 127,632,000

$ 127,632,000

Number of loan tranches

2

2

Line of Credit Facility, Frequency of Payments

quarterly

Line of Credit Facility, Periodic Payment

$ 5,000,000

Line of Credit Facility, Expiration Period

4 years

NSM Loan I [Member] | Convertible Debenture [Member]

Related Party Transaction [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

18%

18%

Convertible Debt, Noncurrent

$ 14,853,000

$ 14,853,000

NSM Loan I [Member] | Tranche A [Member]

Related Party Transaction [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

48,573,000

48,573,000

NSM Loan I [Member] | Tranche B [Member]

Related Party Transaction [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 79,059,000

$ 79,059,000

NSM Loan I [Member] | Until the 2022 Senior Secured Notes are repaid [Member]

Related Party Transaction [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

1,800%

1,800%

NSM Loan I [Member] | When paid in form of Convertible Debenture for the first 18 months [Member]

Related Party Transaction [Line Items]

Line of Credit Facility, Interest Rate Description

16.5

NSM Loan I [Member] | When paid in form of cash [Member]

Related Party Transaction [Line Items]

Line of Credit Facility, Interest Rate Description

13.5

NSM Loan II [Member]

Related Party Transaction [Line Items]

Initiation date

December 2021

Line of Credit Facility, Maximum Borrowing Capacity

$ 135,000,000

$ 135,000,000

Number of loan tranches

2

2

Line of Credit Facility, Frequency of Payments

quarterly

Line of Credit Facility, Periodic Payment

$ 5,000,000

Line of Credit Facility, Expiration Period

4 years

NSM Loan II [Member] | Convertible Debenture [Member]

Related Party Transaction [Line Items]

Convertible Notes Payable, Noncurrent

$ 15,759,000

$ 15,759,000

Convertible conversion ratio

18%

NSM Loan II [Member] | Tranche A [Member]

Related Party Transaction [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

64,059,000

$ 64,059,000

NSM Loan II [Member] | Tranche B [Member]

Related Party Transaction [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 70,941,000

$ 70,941,000

NSM Loan II [Member] | Until the 2022 Senior Secured Notes are repaid [Member]

Related Party Transaction [Line Items]

Line of Credit Facility, Interest Rate Description

18

NSM Loan II [Member] | When paid in form of cash [Member]

Related Party Transaction [Line Items]

Line of Credit Facility, Interest Rate Description

13.5

NSM Loan II [Member] | When paid in PIK Interest [Member]

Related Party Transaction [Line Items]

Line of Credit Facility, Interest Rate Description

16.5

NSM Loan I & II [Member] | Convertible Debenture [Member]

Related Party Transaction [Line Items]

Convertible Debt

$ 24,000,000

NSM [Member] | Management Agreement [Member] | Automatic Extension [Member]

Related Party Transaction [Line Items]

Duration of management fees agreement

5 years

5 years

NSM [Member]

Related Party Transaction [Line Items]

Other Liabilities, Current

$ 2,304,000

$ 2,304,000

$ 1,642,000

NSM [Member] | Management Agreement [Member]

Related Party Transaction [Line Items]

Management Agreement Initiation Date

August 29, 2019

Duration of management fees agreement

5 years

5 years

Rate of annual increase in management fees

$ 3,900

$ 3,800

$ 3,700

Termination date of agreement

August 29, 2024

Related Party Transaction, Amounts of Transaction

$ 0

8,697,000

$ 0

17,297,000

NSM [Member] | Management Agreement [Member] | Chartered-in vessels [Member]

Related Party Transaction [Line Items]

Rate of annual increase in management fees

30

NSM [Member] | Management Agreement [Member] | Covid-19 Measures [Member]

Related Party Transaction [Line Items]

Other Expenses

550,000

1,656,000

NSM [Member] | Administrative Services Agreement [Member]

Related Party Transaction [Line Items]

Duration of management fees agreement

5 years

5 years

Termination date of agreement

August 29, 2024

Adrninistrative Services Agreement Initiation Date

August 29, 2019

General and Administrative Expense

$ 135,000

1,932,000

$ 270,000

3,843,000

Disposal Group, Including Discontinued Operation, General and Administrative Expense

0

1,797,000

0

3,573,000

NSM [Member] | Administrative Services Agreement [Member] | Navios Logistics [Member]

Related Party Transaction [Line Items]

General and Administrative Expense

$ 728,000

$ 286,000

$ 1,455,000

$ 572,000

NSM [Member] | Administrative Services Agreement [Member] | Automatic Extension [Member]

Related Party Transaction [Line Items]

Duration of management fees agreement

5 years

5 years

Navios Logistics [Member] | Grimaud [Member] | Promissory Note [Member]

Related Party Transaction [Line Items]

Origination of Notes Receivable from Related Parties

$ 0

$ 20,000,000

Payments to Noncontrolling Interests

$ 10,000,000

Preferred and Common Stock (Det

Preferred and Common Stock (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		4 Months Ended	6 Months Ended			8 Months Ended	10 Months Ended
	Jun. 30, 2022	Mar. 21, 2019	Apr. 18, 2019	Jun. 30, 2023	Jun. 30, 2022	Jul. 15, 2017	Sep. 14, 2022	Oct. 21, 2022	Jul. 03, 2023	Dec. 31, 2022	Jan. 03, 2022
Class of Stock [Line Items]
Common Stock, Shares, Outstanding				22,826,450						22,826,450
Preferred Stock, Value, Issued				$ 0						$ 0
Preferred Stock, Shares Outstanding				16,988						16,988
Restricted Stock [Member]
Class of Stock [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period	0			0	29
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period	0			0	37,879
Cumulative Perpetual Preferred Stock | Series G and Series H ADS [Member]
Class of Stock [Line Items]
Percentage of the increase of the preferred dividend rate						0.25%
Preferred Stock, Redemption Terms						Each of the shares represents 1/100th of a share of the Series G ADSs and Series H ADSs
Series H Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Outstanding				11,840
Series H Preferred Stock [Member] | Exchange program for 66 2/3% shares [Member]
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares		10,930
Preferred Stock, Value, Issued		$ 26,297
Tender offer expenses		997
Payments for Repurchase of Preferred Stock and Preference Stock		4,188
Notes Issued		4,747
Stock Redeemed or Called During Period, Value		16,365
Dividends cancelled		$ 7,678
Series G Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Outstanding				5,148
Series G Preferred Stock [Member] | Exchange program for 66 2/3% shares [Member]
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares			8,841
Preferred Stock, Value, Issued			$ 21,271
Tender offer expenses			620
Payments for Repurchase of Preferred Stock and Preference Stock			4,423
Notes Issued			3,879
Stock Redeemed or Called During Period, Value			12,568
Dividends cancelled			$ 6,798
Preferred Stock [Member] | Dividends Undeclared [Member]
Class of Stock [Line Items]
Undeclared preferred dividends				$ 28,063
Series G ADSs and Series H ADSs [Member]
Class of Stock [Line Items]
Stock Repurchased During Period, Value							$ 20,000
Series G ADSs [Member]
Class of Stock [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased								20,185
Stock Repurchase Program, Authorized Amount								$ 318
Shares, Outstanding								514,720
Preferred Stock, Redemption Terms								1/100th of a share of 8.75% Series G Cumulative Redeemable Perpetual Preferred Stock
Series H ADSs [Member]
Class of Stock [Line Items]
Dividends cancelled								$ 8,949
Stock Repurchase Program, Number of Shares Authorized to be Repurchased								584,158
Stock Repurchase Program, Authorized Amount								$ 8,926
Tender offer - Preferred stock redemption amount								$ 4,547
Shares, Outstanding								1,183,944
Preferred Stock, Redemption Terms								1/100th of a Share of 8.625% Series H Cumulative Redeemable Perpetual Preferred Stock
Cumulative Perpetual Preferred Stock | Series G ADS [Member]
Class of Stock [Line Items]
Sale of Stock, Number of Shares Issued in Transaction				2,000,000
Preferred Stock, Liquidation Preference Per Share				$ 2,500
Preferred Stock, Dividend Rate, Percentage				8.625%
Cumulative Perpetual Preferred Stock | Series H ADS [Member]
Class of Stock [Line Items]
Sale of Stock, Number of Shares Issued in Transaction				4,800,000
Preferred Stock, Liquidation Preference Per Share				$ 2,500
Preferred Stock, Dividend Rate, Percentage				8.75%
Convertible Debenture [Member] | Series I Preferred Stock [Member]
Class of Stock [Line Items]
Common Stock, Shares, Outstanding				30,545,514					30,850,133
Convertible Preferred Stock, Shares Issued upon Conversion											1,000
Debt Instrument, Convertible, Conversion Price				$ 3.93

Other Income_(Expense), Net (De

Other Income/(Expense), Net (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Expense [Member] | Navios Logistics [Member]
Taxes, Miscellaneous	$ 1,258	$ 1,584	$ 2,899	$ 3,002

Earnings_(Loss) per Common Sh_3

Earnings/(Loss) per Common Share - Earnings/(Loss) per share, basic and diluted (Table) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net income attributable to Navios Holdings common stockholders, from continuing operations	$ 15,480	$ 16,027	$ 29,945	$ 590
Less:
Undeclared dividend on preferred stock and on unvested restricted shares	(940)	(1,284)	(1,871)	(2,561)
Undistributed income attributable to Series I Preferred Stock participating shares on an as converted basis from continuing operations	(8,333)	(4,203)	(16,056)	489
Income/(loss) attributable to Navios Holdings common stockholders, basic and diluted from continuing operations	6,207	10,540	12,018	(1,482)
Income attributable to Navios Holdings common stockholders, basic and diluted from discontinued operations	0	28,933	0	39,370
Undistributed income attributable to Series I Preferred Stock participating shares on an as converted basis from discontinued operations	0	(8,248)	0	(9,773)
Income attributable to Navios Holdings common stockholders, basic from discontinued operations	0	20,685	0	29,597
Income attributable to Navios Holdings common stockholders, diluted from discontinued operations	0	20,685	0	29,597
Income attributable to Navios Holdings common stockholders, diluted	6,207	31,225	12,018	28,115
Income attributable to Navios Holdings common stockholders, diluted	$ 6,207	$ 31,225	$ 12,018	$ 28,115
Denominator:
Denominator for basic earnings/(loss) per share attributable to Navios Holdings common stockholders — weighted average shares	22,744,450	22,654,825	22,744,450	22,643,215
Basic earnings/(loss) per share attributable to Navios Holdings common stockholders from continuing operations	$ 0.27	$ 0.47	$ 0.53	$ (0.07)
Basic earnings per share attributable to Navios Holdings common stockholders from discontinued operations	0	0.91	0	1.31
Basic earnings per share attributable to Navios Holdings common stockholders	$ 0.27	$ 1.38	$ 0.53	$ 1.24
Denominator for diluted earnings/(loss) per share attributable to Navios Holdings common stockholders — weighted average shares	22,850,450	22,848,328	22,850,450	22,845,014
Diluted earnings/(loss) per share attributable to Navios Holdings common stockholders from continuing operations	$ 0.27	$ 0.46	$ 0.53	$ (0.07)
Diluted earnings per share attributable to Navios Holdings common stockholders from discontinued operations	0	0.91	0	1.30
Diluted earnings per share attributable to Navios Holdings common stockholders	$ 0.27	$ 1.37	$ 0.53	$ 1.23
Weighted average Number of Series I Preferred Stock participating preferred shares on an as converted basis, basic and diluted	30,535,679	9,033,380	30,387,225	7,476,991
Earnings per share to Series I Preferred Stock participating preferred shares on an as converted basis, basic and diluted	$ 0.27	$ 1.38	$ 0.53	$ 1.24

Earnings_(Loss) per Common Sh_4

Earnings/(Loss) per Common Share (Details Narrative) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Convertible Preferred Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0
Common Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	106,000	193,503	106,000	201,845

Investment in Affiliate Compani

Investment in Affiliate Companies - Summarized Financial Information of the Affiliate Companies (Table) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue	$ 81,898	$ 69,185	$ 147,310	$ 128,339
Direct vessel expenses	(22,039)	(18,605)	(39,825)	(35,530)
Net income	17,018	47,278	31,891	42,150
Navios Partners [Member]
Revenue	346,938	280,661	656,460	517,278
Time charter and voyage expenses	(41,956)	(21,718)	(81,719)	(38,861)
Direct vessel expenses	(17,764)	(12,920)	(32,204)	(24,113)
Vessel operating expenses	(82,550)	(73,989)	(165,766)	(147,161)
Net income	$ 112,308	$ 118,160	$ 211,473	$ 203,825

Investments in Affiliate Comp_3

Investments in Affiliate Companies (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 130,271		$ 130,271		$ 99,292
Income (Loss) from Equity Method Investments	15,210	$ 13,160	31,297	$ 22,958
Navios Partners [Member]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	130,271		130,271		99,292
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	132,640		132,640		$ 142,080
Income (Loss) from Equity Method Investments	15,210	13,160	31,297	22,958
Proceeds from Dividends Received		$ 159		$ 318
Equity Method Investment, Quoted Market Value	$ 69,553		$ 69,553
Navios Partners [Member] | Upon NMCI and NNA Merger [Member]
Partners' Capital Account, Units	3,183,199		3,183,199
Equity Method Investment, Ownership Percentage	10.30%		10.30%
Navios Holdings [Member] | Navios Partners [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest					2%
Navios Partners [Member] | Continuous Offering Program Sales Agreement [Member] | General Partner [Member]
Partners' Capital Account, Units, Sale of Units					156,895
Navios Partners [Member] | Common Stock [Member] | Continuous Offering Program Sales Agreement [Member]
Partners' Capital Account, Units, Sale of Units					7,687,730

Leases - Lease Expenses (Table)

Leases - Lease Expenses (Table) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Operating Lease, Expense	$ 1,851	$ 1,298	$ 3,341	$ 2,521
Charter-in contracts [Member]
Property, Plant and Equipment [Line Items]
Operating Lease, Expense	1,553	1,013	2,815	2,021
Land lease agreements [Member]
Property, Plant and Equipment [Line Items]
Operating Lease, Expense	180	165	293	309
Office lease agreements [Member]
Property, Plant and Equipment [Line Items]
Operating Lease, Expense	$ 118	$ 120	$ 233	$ 191

Leases - Total amount of lease

Leases - Total amount of lease payments on an undiscounted basis (Table) (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Land [Member]
Property, Plant and Equipment [Line Items]
June 30, 2024	$ 972
June 30, 2025	972
June 30, 2026	900
June 30, 2027	799
June 30, 2028 and thereafter	21,995
Total	25,638
Operating lease liabilities, including current portion	9,759
Discount based on incremental borrowing rate	15,879
Office space [Member]
Property, Plant and Equipment [Line Items]
June 30, 2024	626
June 30, 2025	64
June 30, 2026	60
June 30, 2027	23
June 30, 2028 and thereafter	0
Total	773
Operating lease liabilities, including current portion	716
Discount based on incremental borrowing rate	57
Liquid Barges [Member]
Property, Plant and Equipment [Line Items]
June 30, 2024	2,586
June 30, 2025	2,477
June 30, 2026	2,477
June 30, 2027	2,477
June 30, 2028 and thereafter	1,651
Total	11,668
Operating lease liabilities, including current portion	10,096
Discount based on incremental borrowing rate	$ 1,572

Leases (Details Narrative)

Leases (Details Narrative) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Navios Partners [Member]
Number of vessels sold	15
Land lease agreements [Member]
Lessee, Operating Lease, Remaining Lease Term	42 years 9 months 18 days
Land lease agreements [Member] | Minimum [Member] | Navios Logistics [Member]
Lessee, Operating Lease, Remaining Lease Term	42 years 8 months 12 days
Land lease agreements [Member] | Maximum [Member] | Navios Logistics [Member]
Lessee, Operating Lease, Remaining Lease Term	43 years 1 month 6 days
Office lease agreements [Member]
Lessee, Operating Lease, Remaining Lease Term	1 year 6 months
Office lease agreements [Member] | Minimum [Member] | Navios Logistics [Member]
Lessee, Operating Lease, Remaining Lease Term	3 months 18 days
Office lease agreements [Member] | Maximum [Member] | Navios Logistics [Member]
Lessee, Operating Lease, Remaining Lease Term	3 years 4 months 24 days
Finance Leasing Contract-Eight Liquid Barges [Member] | Navios Logistics [Member]
Date the finance lease liability terminate	five year
Finance Leasing Contract-Two of eight liquid barges [Member] | Navios Logistics [Member]
Date of delivery	December 2022
Number of repayment installments	60
Finance Lease, Principal Payments	$ 26
Lease expiration date	fourth quarter of 2027
Finance Leasing Contract-Additional three of eight liquid barges [Member] | Navios Logistics [Member]
Date of delivery	first quarter of 2023
Number of repayment installments	60
Finance Lease, Principal Payments	$ 26
Lease expiration date	One of the agreements matures in the fourth quarter of 2027 and two in the first quarter of 2028
Finance Leasing Contract-Remaining three of eight liquid barges [Member] | Navios Logistics [Member]
Date of delivery	second quarter of 2023
Number of repayment installments	60
Finance Lease, Principal Payments	$ 26
Lease expiration date	second quarter of 2028
Liquid Barges Leasing Agreements [Member]
Lessee, Operating Lease, Remaining Lease Term	4 years 8 months 12 days

Discontinued Operations - Net I

Discontinued Operations - Net Income/(Loss) from Discontinued Operations (Table) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Revenue	$ 0	$ 90,037	$ 0	$ 158,672
Time charter, voyage and logistics business expenses	0	(17,210)	0	(32,260)
Direct vessel expenses	0	(11,246)	0	(22,782)
General and administrative expenses	0	(4,607)	0	(7,126)
Depreciation and amortization	0	(6,639)	0	(13,071)
Interest expense and finance cost, net	0	(19,328)	0	(41,111)
Loss on bond extinguishment	0	(106)	0	(221)
Other expense, net	0	(1,948)	0	(2,692)
Income tax expense	0	(20)	0	(39)
Net income from discontinued operations	$ 0	$ 28,933	$ 0	$ 39,370

Discontinued Operations - Asset

Discontinued Operations - Assets and Liabilities from Discontinued Operations (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Accounts receivable, net	$ 0	$ 3,489
Total assets of discontinued operations	0	3,489
Accounts payable	0	3,692
Accrued expenses and other liabilities	0	1,825
Due to related parties, net	0	565
Total liabilities of discontinued operations	$ 0	$ 6,082

Discontinued Operations (Detail

Discontinued Operations (Details Narrative) - Navios Partners [Member]	6 Months Ended
	Jun. 30, 2023
Number of vessels sold	36
Number of loan tranches	2
Tranche A [Member]
Number of vessels sold	15
Transaction date	Jul. 29, 2022
Tranche B [Member]
Number of vessels sold	21
Transaction date	Sep. 08, 2022