Navios Maritime Partners (NMM) 6-K 12 Sep 24 2024 Q2 Master Management Agreement Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2024
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-33811
Entity Registrant Name	NAVIOS MARITIME PARTNERS L.P.
Entity Central Index Key	0001415921
Entity Address, Address Line One	7 Avenue de Grande Bretagne
Entity Address, City or Town	Monte Carlo
Entity Address, Country	MC
Entity Address, Postal Zip Code	98000

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 271,989	$ 240,378
Restricted cash	7,855	8,797
Other investments	38,543	47,000
Accounts receivable, net	40,889	42,237
Prepaid expenses and other current assets	59,710	61,336
Amounts due from related parties	$ 29,784	$ 0
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Total current assets	$ 448,770	$ 399,748
Vessels, net	3,860,441	3,734,671
Deposits for vessels acquisitions	513,262	434,134
Other long-term assets	66,083	62,111
Deferred dry dock and special survey costs, net	153,279	145,932
Amounts due from related parties	0	39,570
Intangible assets	51,352	60,431
Operating lease assets	255,847	270,969
Total non-current assets	4,900,264	4,747,818
Total assets	5,349,034	5,147,566
Current liabilities
Accounts payable	18,363	25,488
Accrued expenses	22,657	23,608
Deferred revenue	54,734	63,306
Operating lease liabilities, current portion	24,925	30,136
Amounts due to related parties	$ 0	$ 32,026
Other Liability, Current, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Current portion of financial liabilities, net	$ 207,302	$ 138,696
Current portion of long-term debt, net	322,349	146,340
Total current liabilities	650,330	459,600
Operating lease liabilities, net	228,097	240,602
Unfavorable lease terms	21,677	27,984
Long-term financial liabilities, net	753,531	824,646
Long-term debt, net	684,032	751,781
Deferred revenue	61,646	63,915
Other long-term liabilities	12,519	8,586
Total non-current liabilities	1,761,502	1,917,514
Total liabilities	2,411,832	2,377,114
Commitments and contingencies	0	0
Partners’ capital:
Common Unitholders (30,083,850 and 30,184,388 common units outstanding as of June 30, 2024 and December 31, 2023, respectively)	2,887,751	2,724,436
General Partner (622,296 general partnership units outstanding at each of June 30, 2024 and December 31, 2023)	49,451	46,016
Total partners’ capital	2,937,202	2,770,452
Total liabilities and partners’ capital	$ 5,349,034	$ 5,147,566

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common units outstanding	30,083,850	30,184,388
General Partners, units outstanding	622,296	622,296

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Time charter and voyage revenues	$ 342,155	$ 346,938	$ 660,710	$ 656,460
Time charter and voyage expenses	(40,044)	(41,956)	(81,955)	(81,719)
Direct vessel expenses	(18,916)	(17,764)	(36,469)	(32,204)
Vessel operating expenses (entirely through related parties transactions)	(85,271)	(82,550)	(170,193)	(165,766)
General and administrative expenses	(20,584)	(20,536)	(41,328)	(40,035)
Depreciation and amortization of intangible assets	(56,314)	(54,037)	(111,884)	(108,255)
Amortization of unfavorable lease terms	3,171	5,322	6,307	12,910
Gain on sale of vessels, net	7,256	10,151	9,133	43,601
Interest expense and finance cost, net	(30,087)	(33,330)	(59,496)	(68,854)
Interest income	3,596	2,483	6,992	4,100
Other expense, net	(3,493)	(2,413)	(6,987)	(8,765)
Net income	101,469	112,308	174,830	211,473
Net income
Common Unitholders	99,439	110,062	171,333	207,245
General Partner	$ 2,030	$ 2,246	$ 3,497	$ 4,228
Earnings per unit (see Note 12):
Earnings per common unit, basic	$ 3.3	$ 3.65	$ 5.68	$ 6.87
Earnings per common unit, diluted	$ 3.3	$ 3.65	$ 5.68	$ 6.87

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
OPERATING ACTIVITIES:
Net income	$ 174,830	$ 211,473
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangible assets	111,884	108,255
Amortization of unfavorable lease terms	(6,307)	(12,910)
Non-cash amortization of deferred revenue and straight line	(5,057)	29,248
Amortization of operating lease assets/ liabilities	(2,594)	5,146
Amortization and write-off of deferred finance costs and  discount	3,709	3,618
Amortization of deferred drydock and special survey costs	30,252	18,865
Gain on sale of vessels, net	(9,133)	(43,601)
Stock-based compensation	0	2
Changes in operating assets and liabilities:
Decrease in accounts receivable	1,348	43,566
Decrease in prepaid expenses and other current assets	1,628	9,248
Decrease/ (increase) in amounts due from related parties (including current and non-current portion)	10,050	(1,765)
Payments for dry dock and special survey costs	(38,590)	(40,856)
Decrease in accounts payable	(7,128)	(7,971)
(Decrease)/ increase in accrued expenses	(950)	7,846
(Decrease)/ increase in deferred revenue	(6,021)	2,930
Decrease in amounts due to related parties	(32,006)	(104,751)
Net cash provided by operating activities	225,915	228,343
INVESTING ACTIVITIES:
Net cash proceeds from sale of vessels	91,400	215,839
Other investments	8,457	0
Deposits for acquisition/ option to acquire vessel	(182,627)	(113,600)
Acquisition of/ additions to vessels	(211,187)	(70,574)
Net cash (used in)/ provided by investing activities	(293,957)	31,665
FINANCING ACTIVITIES:
Cash distributions paid	(3,080)	(3,080)
Repayment of long-term debt and financial liabilities	(199,256)	(635,795)
Payments of deferred finance costs	(4,973)	(12,227)
Proceeds from long-term debt and financial liabilities	311,020	486,048
Acquisition of treasury units	(5,000)	0
Net cash provided by/ (used in) financing activities	98,711	(165,054)
Increase in cash, cash equivalents and restricted cash	30,669	94,954
Cash, cash equivalents and restricted cash, beginning of   period	249,175	175,098
Cash, cash equivalents and restricted cash, end of period	279,844	270,052
Supplemental disclosures of cash flow information
Cash interest paid	67,978	72,992
Non cash financing activities
Stock-based compensation	0	2
Financial and finance lease liabilities	27,463	173,010
Non cash investing activities
Deposits for acquisition/ option to acquire vessel	101,687	0
Acquisition of vessels	$ (138,800)	$ (201,129)

UNAUDITED CONDENSED CONSOLIDA_5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($) $ in Thousands	Total	General Partner [Member]	Limited Partner [Member]
Beginning balance, value at Dec. 31, 2022	$ 2,342,963	$ 37,469	$ 2,305,494
Beginning balance, units at Dec. 31, 2022		622,296	30,184,388
Cash distribution paid ($0.05 per unit-see Note 12)	(1,540)	$ (31)	$ (1,509)
Stock based compensation	1	0	1
Net income	99,165	1,982	97,183
Ending balance, value at Mar. 31, 2023	2,440,589	$ 39,420	$ 2,401,169
Ending balance, units at Mar. 31, 2023		622,296	30,184,388
Beginning balance, value at Dec. 31, 2022	2,342,963	$ 37,469	$ 2,305,494
Beginning balance, units at Dec. 31, 2022		622,296	30,184,388
Net income	211,473
Ending balance, value at Jun. 30, 2023	2,551,358	$ 41,635	$ 2,509,723
Ending balance, units at Jun. 30, 2023		622,296	30,184,388
Beginning balance, value at Mar. 31, 2023	2,440,589	$ 39,420	$ 2,401,169
Beginning balance, units at Mar. 31, 2023		622,296	30,184,388
Cash distribution paid ($0.05 per unit-see Note 12)	(1,540)	$ (31)	$ (1,509)
Stock based compensation	1	0	1
Net income	112,308	2,246	110,062
Ending balance, value at Jun. 30, 2023	2,551,358	$ 41,635	$ 2,509,723
Ending balance, units at Jun. 30, 2023		622,296	30,184,388
Beginning balance, value at Dec. 31, 2023	2,770,452	$ 46,016	$ 2,724,436
Beginning balance, units at Dec. 31, 2023		622,296	30,184,388
Cash distribution paid ($0.05 per unit-see Note 12)	(1,540)	$ (31)	$ (1,509)
Net income	73,361	1,467	71,894
Ending balance, value at Mar. 31, 2024	2,842,273	$ 47,452	$ 2,794,821
Ending balance, units at Mar. 31, 2024		622,296	30,184,388
Beginning balance, value at Dec. 31, 2023	2,770,452	$ 46,016	$ 2,724,436
Beginning balance, units at Dec. 31, 2023		622,296	30,184,388
Net income	174,830
Ending balance, value at Jun. 30, 2024		$ 49,451
Ending balance, value at Jun. 30, 2024	2,937,202		$ 2,887,751
Ending balance, units at Jun. 30, 2024		622,296	30,083,850
Beginning balance, value at Mar. 31, 2024	2,842,273	$ 47,452	$ 2,794,821
Beginning balance, units at Mar. 31, 2024		622,296	30,184,388
Cash distribution paid ($0.05 per unit-see Note 12)	(1,540)	$ (31)	$ (1,509)
Acquisition of treasury units (see Note 8)	(5,000)	0	$ (5,000)
Acquisition of treasury units (see Note 8), units			(100,538)
Net income	101,469	2,030	$ 99,439
Ending balance, value at Jun. 30, 2024		$ 49,451
Ending balance, value at Jun. 30, 2024	$ 2,937,202		$ 2,887,751
Ending balance, units at Jun. 30, 2024		622,296	30,083,850

UNAUDITED CONDENSED CONSOLIDA_6

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Distribution Made to Limited Partner, Distributions Paid, Per Unit	$ 0.05	$ 0.05	$ 0.05	$ 0.05

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Description of Business	NOTE 1 – DESCRIPTION OF BUSINESS Navios Maritime Partners L.P. (“Navios Partners” or the “Company”), is an international owner and operator of dry cargo and tanker vessels, formed on August 7, 2007 under the laws of the Republic of the Marshall Islands . Navios Partners is engaged in the seaborne transportation services of a wide range of liquid and dry cargo commodities including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer and also containers, chartering its vessels under short, medium and longer-term charters. The operations of Navios Partners are managed by Navios Shipmanagement Inc. and its affiliates, (the “Manager”) which are entities affiliated with the Company’s Chairwoman and Chief Executive Officer (see Note 11 – Transactions with related parties and affiliates). As of June 30, 2024, there were outstanding 30,083,850 common units and 622,296 general partnership units. Angeliki Frangou, our Chief Executive Officer and Chairwoman beneficially owns an approximately 16.8 % common interest of the total outstanding common units including 4,672,314 common units held through four entities affiliated with her. An entity affiliated with Angeliki Frangou beneficially owns 622,296 general partnerships units, representing an approximately 2.0 % ownership interest in Navios Partners based on all outstanding common units and general partnership units (see Note 11 – Transactions with related parties and affiliates).

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 – 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 Partners’ consolidated balance sheets, statement of partners’ capital, statements of operations and cash flows 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 Partners’ annual report for the year ended December 31, 2023 filed on Form 20-F on April 3, 2024 (the “Annual Report”) with the U.S. Securities and Exchange Commission (“SEC”). Based on internal forecasts and projections that take into account reasonably possible changes in Company’s trading performance, management believes that the Company has adequate financial resources, including cash from sale of vessels (Note 15 – Subsequent events) 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 12 months from the date of issuance of these condensed consolidated financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing its 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. It should be noted that since the Company employs Ukrainian and Russian seafarers, it may face problems in relation to their employment, repatriation, salary payments and be subject to claims in this regard. In addition, the increased attacks in the Red Sea caused ships to avoid the use of the Red Sea and transits of the Suez Canal. Notwithstanding the foregoing and Israel’s war in Gaza, it is possible that these tensions and activities might eventually have an adverse impact on the Company’s business, financial condition, results of operations and cash flows. Interest rates have increased significantly as central banks in Europe, United States and other developed countries have raised interest rates. The tighter monetary policy and higher long-term interest rates result in a higher cost of capital for the Company. ( b) Principles of consolidation: The accompanying interim condensed consolidated financial statements include Navios Partners’ wholly owned subsidiaries incorporated under the laws of the Republic of the Marshall Islands, Liberia, Malta, Delaware, Cayman Islands, Hong Kong, British Virgin Islands, Luxemburg and Belgium from their dates of incorporation or from the date of acquiring control or, for chartered-in vessels, from the dates charter-in agreements were in effect. All significant inter-company balances and transactions have been eliminated in Navios Partners’ condensed consolidated financial statements. Navios Partners also consolidates entities that are determined to be variable interest entities (“VIE”) as defined in the accounting guidance, if it determines that it is the primary beneficiary. A VIE is defined as a legal entity where either (i) equity interest holders as a group lack the characteristics of a controlling financial interest, including decision making ability and an interest in the entity’s residual risks and rewards, (ii) the equity holders have not provided sufficient equity investment to permit the entity to finance its activities without additional subordinated financial support, or (iii) the voting rights of some investors are not proportional to their obligations to absorb the expected losses of the entity, their rights to receive the expected residual returns of the entity, or both and substantially all of the entity’s activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights. Subsidiaries: Subsidiaries are those entities in which Navios Partners has an interest of more than one half of the voting rights or otherwise has power to govern the financial and operating policies of the entity. A discussion of the Company’s significant accounting policies can be found in Note 2 – Summary of significant accounting policies to the Company’s consolidated financial statements included in the Annual Report. There have been no material changes to these policies in the six month period ended June 30, 2024. (c) Revenue and Expense Recognition: Revenue from time chartering and bareboat chartering Revenues from time chartering and bareboat chartering of vessels are accounted for as operating leases and are thus recognized on a straight line basis as the average lease revenue over the rental periods of such charter agreements, as service is performed. A time charter involves placing a vessel at the charterers’ disposal for a period of time during which the charterer uses the vessel in return for the payment of a specified daily hire rate. Short period charters for less than three months are referred to as spot-charters. Charters extending three months to a year are generally referred to as medium-term charters. All other charters are considered long-term. The Company has determined to recognize lease revenue as a combined single lease component for all time charters (operating leases) as the related lease component and non-lease components will have the same timing and pattern of the revenue recognition of the combined single lease component. The performance obligations in a time charter contract are satisfied over term of the contract beginning when the vessel is delivered to the charterer until it is redelivered back to the Company. Under time charters, operating costs such as for crews, maintenance and insurance are typically paid by the owner of the vessel. Revenue from time chartering and bareboat chartering of vessels amounted to $ 301,435 and $ 300,689 for the three month periods ended June 30, 2024 and 2023, respectively. Revenue from time chartering and bareboat chartering of vessels amounted to $ 571,696 and $ 568,361 for the six month periods ended June 30, 2024 and 2023, respectively. Revenue from voyage charters 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. Upon adoption of ASC 606, the Company recognizes revenue ratably from port of loading 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. Revenue from voyage contracts amounted to $ 32,729 and $ 31,302 for the three month periods ended June 30, 2024 and 2023, respectively. Revenue from voyage contracts amounted to $ 70,870 and $ 55,052 for the six month periods ended June 30, 2024 and 2023, respectively. Revenue from pooling arrangements For vessels operating in pooling arrangements, the Company earns a portion of total revenues generated by the pool, net of expenses incurred by the pool. The amount allocated to each pool participant vessel, including the Company’s vessels, is determined in accordance with an agreed-upon formula, which is determined by points awarded to each vessel in the pool based on the vessel’s age, design and other performance characteristics. Revenue under pooling arrangements is accounted for as variable rate operating leases under the scope of ASC 842 and is recognized for the applicable period when collectability is reasonably assured. The allocation of such net revenue may be subject to future adjustments by the pool however, such changes are not expected to be material. The Company recognizes net pool revenue on a monthly and quarterly basis, when the vessel has participated in a pool during the period and the amount of pool revenue can be estimated reliably based on the pool report. Revenue from vessels operating in pooling arrangements amounted to $ 7,991 and $ 14,947 for the three month periods ended June 30, 2024 and 2023, respectively. Revenue from vessels operating in pooling arrangements amounted to $ 18,144 and $ 32,997 for the six month periods ended June 30, 2024 and 2023, respectively. Revenue from profit-sharing Profit-sharing revenues are calculated at an agreed percentage of the excess of the charterer’s average daily income (calculated on a quarterly or semi-annual basis) over an agreed amount and accounted for on an accrual basis based on provisional amounts and for those contracts that provisional accruals cannot be made due to the nature of the profit sharing elements, these are accounted for on the actual cash settlement or when such revenue becomes determinable. Profit-sharing revenue amounted to $ 0 for each of the three month periods ended June 30, 2024 and 2023. Profit-sharing revenue amounted to $ 0 and $ 50 for the six month periods ended June 30, 2024 and 2023, respectively. 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 or freight 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. Recent Accounting Pronouncements: These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in Navios Partners’ Annual Report.

Cash and Cash Equivalents and R

Cash and Cash Equivalents and Restricted Cash and Other Investments	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents and Restricted Cash and Other Investments	NOTE 3 – CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND OTHER INVESTMENTS June 30, 2024 December 31, 2023 Cash and cash equivalents $ 271,989 $ 240,378 Restricted cash 7,855 8,797 Total cash and cash equivalents and restricted cash $ 279,844 $ 249,175 Restricted cash relates to amounts held in retention accounts in order to service debt and interest payments, as required by certain of the Company’s credit facilities and financial liabilities. 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 Partners does maintain cash deposits and equivalents in excess of government-provided insurance limits. Navios Partners also minimizes exposure to credit risk by dealing with a diversified group of major financial institutions. Other investments consist of time deposits with original maturities of greater than three months and less than 12 months. As of June 30, 2024 and December 31, 2023, other investments amounted to $ 38,543 and $ 47,000 , respectively.

Vessels, net

Vessels, net	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Vessels, net	NOTE 4 – VESSELS, NET Total Vessels Cost Accumulated Net Balance December 31, 2023 $ 4,423,461 $ ( 688,790 ) $ 3,734,671 Additions/ Remeasurement of finance lease liability/ (Depreciation) 349,987 ( 102,604 ) 247,383 Disposals ( 146,341 ) 24,728 ( 121,613 ) Balance June 30, 2024 $ 4,627,107 $ ( 766,666 ) $ 3,860,441 The above balances as of June 30, 2024 are analyzed in the following tables: Owned Vessels Cost Accumulated Net Balance December 31, 2023 $ 3,782,032 $ ( 656,531 ) $ 3,125,501 Additions/ (Depreciation) 324,561 ( 89,988 ) 234,573 Disposals ( 101,640 ) 20,364 ( 81,276 ) Balance June 30, 2024 $ 4,004,953 $ ( 726,155 ) $ 3,278,798 Right-of-use assets under finance lease Cost Accumulated Net Balance December 31, 2023 $ 641,429 $ ( 32,259 ) $ 609,170 Remeasurement of finance lease liability/ (Depreciation) 25,426 ( 12,616 ) 12,810 Transfers to owned vessels ( 44,701 ) 4,364 ( 40,337 ) Balance June 30, 2024 $ 622,154 $ ( 40,511 ) $ 581,643 Right-of-use assets under finance leases are calculated at an amount equal to the finance liability, increased with the allocated excess value, the initial direct costs and adjusted for the carrying amount of the straight-line effect of liability as well as the favorable and unfavorable lease terms derived from charter-in agreements. Following the declarations of the Company’s option to extend the charter period for one year for one Kamsarmax vessel and the option to acquire three Kamsarmax vessels (excluding one Kamsarmax vessel, which was delivered into Navios Partners' fleet in June 2024) and one Ultra-Handymax vessel, the corresponding right-of-use asset under finance lease was increased by the aggregate amount of $ 26,062 , upon remeasurement of the finance lease liability, to $ 163,216 (see Note 6 – Borrowings). During the six month periods ended June 30, 2024 and 2023, the Company capitalized certain extraordinary fees and costs related to vessels’ regulatory requirements, including ballast water treatment system installation, exhaust gas cleaning system installation and other improvements, that amounted to $ 10,284 and $ 21,342 , respectively, and are presented under the caption “Acquisition of/ additions to vessels” in the condensed Consolidated Statements of Cash Flows (see Note 11 – Transactions with related parties and affiliates). Acquisition of Vessels 2024 In June 2024, Navios Partners agreed to acquire from an unrelated third party the Navios Venus, a 2015 -built Ultra-Handymax vessel of 61,339 dwt, which was previously chartered-in and accounted for as a right-of-use asset under operating lease. In accordance with the provisions of ASC 842, the Company accounted the transaction as a lease modification and upon reassessment of the classification of the lease, the Company has classified the above transaction as a finance lease, as of the effective date of the modification. Following the reassessment performed, the Company recognized a right-of-use asset at $ 27,463 , being an amount equal to the finance lease liability (see Note 6 – Borrowings). The acquisition is expected to be completed during the fourth quarter of 2024. On June 3, 2024, Navios Partners paid an amount of $ 28,789 a nd acquired from an unrelated third party, the Navios Coral, a 2016 -built Kamsarmax vessel of 84,904 dwt, which was previously accounted for as a right-of-use asset under a finance lease. At the same date, the Company derecognized the right-of-use asset under the finance lease and recognized the vessel at an aggregate cost of $ 40,495 . On June 3, 2024, Navios Partners took delivery of the Zim Hawk, a 2024 -built 5,300 TEU Containership , from an unrelated third party, for an acquisition cost of $ 69,083 (including $ 6,258 capitalized expenses). On May 13, 2024, Navios Partners took delivery of the Nave Cosmos, a 2024 -built Aframax/LR2 vessel of 115,651 dwt, from an unrelated third party, for an acquisition cost of $ 67,868 (including $ 5,210 capitalized expenses). On April 8, 2024, Navios Partners took delivery of the Zim Condor, a 2024 -built 5,300 TEU Containership , from an unrelated third party, for an acquisition cost of $ 69,143 (including $ 6,318 capitalized expenses). On January 25, 2024, Navios Partners took delivery of the Zim Eagle, a 2024 -built 5,300 TEU Containership , from an unrelated third party, for an acquisition cost of $ 67,707 (including $ 6,107 capitalized expenses). 2023 On June 21, 2023, Navios Partners took delivery of the Navios Amethyst, a 2023 -built Capesize vessel of 182,212 dwt, from an unrelated third party, by entering into a 15-year bareboat charter-in agreement which provides for purchase options with de-escalating purchase prices. Navios Partners accounted for the bareboat charter-in agreement as a finance lease, and recognized a right of use asset at $ 63,690 , being an amount equal to the initial measurement of the finance lease liability increased by the amount of $ 2,346 , which was prepaid before the lease commencement. On April 27, 2023, Navios Partners took delivery of the Navios Sakura, a 2023 -built Capesize vessel of 182,169 dwt, from an unrelated third party by entering into a 15-year bareboat charter-in agreement which provides for purchase options with de-escalating purchase prices. Navios Partners accounted for the bareboat charter-in agreement as a finance lease, and recognized a right of use asset at $ 49,770 , being an amount equal to the initial measurement of the finance lease liability increased by the amount of $ 2,579 , which was prepaid before the lease commencement. On March 29, 2023, Navios Partners took delivery of the Navios Altair, a 2023 -built Capesize vessel of 182,115 dwt, from an unrelated third party, by entering into a 15-year bareboat charter-in agreement which provides for purchase options with de-escalating purchase prices. Navios Partners accounted for the bareboat charter-in agreement as a finance lease, and recognized a right-of-use asset at $ 45,934 being an amount equal to the initial measurement of the finance lease liability, increased by the amount of $ 2,815 , which was prepaid before the lease commencement. On March 6, 2023, Navios Partners paid an amount of $ 42,879 (including $ 1,600 related to the scrubber system installation) and acquired from an unrelated third party, the Navios Felix, a 2016 -built scrubber-fitted Capesize vessel of 181,221 dwt, which was previously accounted for as a right-of-use asset under a finance lease. At the same date, the Company derecognized the right-of-use asset under the finance lease and recognized the vessel at an aggregate cost of $ 53,232 . On February 5, 2023, Navios Partners took delivery of the Navios Meridian, a 2023 -built Kamsarmax vessel of 82,010 dwt, from an unrelated third party, for an acquisition cost of $ 35,605 . Sale of Vessels 2024 During the six month period ended June 30, 2024, Navios Partners sold four vessels to various unrelated third parties for an aggregate net sales price of $ 91,400 . Following the sale of such vessels, the aggregate amount of $ 16,747 (including the aggregate remaining carrying balance of drydock and special survey cost of $ 991 ) is presented under the caption “Gain on sale of vessels, net” in the condensed Consolidated Statements of Operations and the condensed Consolidated Statements of Cash Flows. 2023 During the six month period ended June 30, 2023, Navios Partners sold 12 vessels to various unrelated third parties for an aggregate net sales price of $ 215,839 . Following the sale of such vessels, the aggregate amount of $ 43,601 (including the aggregate remaining carrying balance of dry-dock and special survey cost of $ 11,078 ) is presented under the caption “Gain on sale of vessels, net” in the condensed Consolidated Statements of Operations and the condensed Consolidated Statements of Cash Flows. Vessels “agreed to be sold” 2023 On May 10, 2023, Navios Partners agreed to sell a 2008 -built LR1 vessel of 63,599 dwt, to an unrelated third party, for a net sales price of $ 21,583 . The sale was completed on July 7, 2023. The aggregate net carrying amount of the vessel amounted to $ 14,246 at the date of the sale. The vessel was subject to an existing time charter with an unrelated charterer and was not immediately available for sale and therefore, did not qualify as an asset held for sale as of June 30, 2023. Vessels impairment loss 2024 As of June 30, 2024, Navios Partners assessed whether impairment indicators for any of its long-lived assets existed and concluded that such indicators were present for two of its dry bulk vessels, mainly due to Company’s intention to sell these vessels. As of June 30, 2024, the undiscounted projected net operating cash flows for the two vessels did not exceed the carrying value of each asset group and an impairment loss of $ 7,614 was recognized and is presented under the caption “Gain on sale of vessels, net” in the condensed Consolidated Statements of Operations and the condensed Consolidated Statements of Cash Flows. The impairment loss was calculated as the difference between the fair value of the vessel (see Note 7 – Fair value of financial instruments) and the carrying value of the asset group.

Intangible Assets and Liabiliti

Intangible Assets and Liabilities	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Liabilities	NOTE 5 – INTANGIBLE ASSETS AND LIABILITIES Intangible assets as of June 30, 2024 and December 31, 2023 consisted of the following: Cost Accumulated Net Book Value Favorable lease terms December 31, 2023 $ 211,644 $ ( 151,213 ) $ 60,431 Amortization — ( 9,079 ) ( 9,079 ) Favorable lease terms June 30, 2024 $ 211,644 $ ( 160,292 ) $ 51,352 Amortization expense of favorable lease terms for each of the periods ended June 30, 2024 and 2023 is presented in the following table: Three Month Period Ended June 30, 2024 Three Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2024 Six Month Period Ended June 30, 2023 Favorable lease terms $ ( 4,540 ) $ ( 4,539 ) $ ( 9,079 ) $ ( 9,207 ) Total $ ( 4,540 ) $ ( 4,539 ) $ ( 9,079 ) $ ( 9,207 ) The aggregate amortization of the intangible assets for the next five 12-month periods ending June 30 is estimated to be as follows: Period Amount 2025 $ 17,702 2026 11,182 2027 5,115 2028 4,982 2029 4,982 2030 and thereafter 7,389 Total $ 51,352 Intangible assets subject to amortization are amortized using straight-line method over their estimated useful lives to their estimated residual value of zero. As of June 30, 2024, the weighted average useful life of the remaining favorable lease terms was 4.7 years. Intangible liabilities as of June 30, 2024 and December 31, 2023 consisted of the following: Cost Accumulated Net Book Value Unfavorable lease terms December 31, 2023 $ 231,407 $ ( 203,423 ) $ 27,984 Amortization — ( 6,307 ) ( 6,307 ) Unfavorable lease terms June 30, 2024 $ 231,407 $ ( 209,730 ) $ 21,677 Amortization income of unfavorable lease terms for each of the periods ended June 30, 2024 and 2023 is presented in the following table: Three Month Period Ended June 30, 2024 Three Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2024 Six Month Period Ended June 30, 2023 Unfavorable lease terms $ 3,171 $ 5,322 $ 6,307 $ 12,910 Total $ 3,171 $ 5,322 $ 6,307 $ 12,910 The aggregate amortization of the intangible liabilities for the next five 12-month periods ending June 30 is estimated to be as follows: Period Amount 2025 $ 12,204 2026 9,473 2027 — 2028 — 2029 — 2030 and thereafter — Total $ 21,677 Intangible liabilities subject to amortization are amortized using straight-line method over their estimated useful lives to their estimated residual value of zero. As of June 30, 2024, the weighted average useful life of the remaining unfavorable lease terms was 1.8 years.

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Borrowings	NOTE 6 – BORROWINGS Borrowings as of June 30, 2024 and December 31, 2023 consisted of the following: June 30, 2024 December 31, 2023 Credit facilities $ 1,019,721 $ 908,288 Financial liabilities 522,913 502,275 Finance lease liabilities 444,901 468,414 Total borrowings $ 1,987,535 $ 1,878,977 Less: Current portion of long-term borrowings, net ( 529,651 ) ( 285,036 ) Less: Deferred finance costs, net ( 20,321 ) ( 17,514 ) Long-term borrowings, net $ 1,437,563 $ 1,576,427 As of June 30, 2024, the total borrowings, net of deferred finance costs were $ 1,967,214 . Credit Facilities ABN Amro Bank N.V: On June 26, 2024 , Navios Partners entered into a reducing revolving credit facility with ABN Amro Bank N.V for a total amount up to $ 95,000 (divided into two tranches) in order to refinance the existing indebtedness of two of its vessels and to finance part of the acquisition cost of four dry bulk vessels. On June 28, 2024, the first tranche of the credit facility of $ 45,000 was drawn. In August 2024, the amount of $ 34,242 was drawn and the amount of $ 15,758 remains to be drawn. As of June 30, 2024, the total outstanding balance was $ 45,000 . The credit facility matures five years after each drawdown date and bears interest at Compounded Secured Overnight Financing Rate (“ Compounded SOFR ”) plus 175 bps per annum. Nordea Bank ABP: On January 3, 2024 , Navios Partners entered into a credit facility with Nordea Bank ABP for a total amount up to $ 40,000 in order to refinance three tankers. On March 26, 2024, the full amount was drawn. As of June 30, 2024, the total outstanding balance was $ 38,758 . The credit facility matures in the first quarter of 2029 and bears interest at Compounded SOFR plus 195 bps per annum. BNP PARIBAS: On June 12, 2023 , Navios Partners entered into a credit facility with BNP Paribas of up to $ 40,000 in order to refinance the existing indebtedness of nine of its containerships. On June 16, 2023, the full amount was drawn. On April 29, 2024, Navios Partners prepaid the amount of $ 3,990 relating to one containership that was released from the facility. As of June 30, 2024, the total outstanding balance was $ 27,924 . The credit facility matures in the second quarter of 2026 and bears interest at Compounded SOFR plus 250 bps per annum. DNB (UK) Limited and The Export-Import Bank of China: On February 16, 2023 , Navios Partners entered into a credit facility with DNB (UK) Limited and The Export-Import Bank of China for a total amount up to $ 161,600 in order to finance part of the contract price of four newbuilding containerships. During the first half of 2024, the amount of $ 121,600 was drawn, in relation to the deliveries of the three 5,300 TEU newbuilding containerships. In July 2024, in relation to the delivery of the remaining 5,300 TEU newbuilding containership, the amount of $ 40,000 was drawn. As of June 30, 2024, the total outstanding balance was $ 120,580 . The credit facility matures ten years after each drawdown date upon the delivery of the respective vessel and bears interest at Compounded SOFR plus 170 bps per annum. KFW IPEX-BANK GMBH: On September 30, 2022 , Navios Partners entered into a credit facility with KFW IPEX-BANK GMBH (“KFW”) for a total amount up to $ 86,240 in order to finance part of the acquisition cost of two newbuilding containerships. Following the delivery of the two 5,300 TEU newbuilding containerships in November 2023 and January 2024, the full amount was drawn. As of June 30, 2024, the total outstanding balance was $ 84,219 . The credit facility matures in the fourth quarter of 2030 and the first quarter of 2031 and bears interest at Compounded SOFR plus 200 bps per annum. Hamburg Commercial Bank AG : On September 5, 2022 , Navios Partners entered into a credit facility with Hamburg Commercial Bank AG (“HCOB”) for a total amount up to $ 210,000 in order to refinance the existing indebtedness of 20 of its vessels and for working capital purposes. On September 9, 2022, the full amount was drawn. During the year ended December 31, 2022, following the sale of two vessels, the aggregate amount of $ 10,239 was prepaid. During the year ended December 31, 2023 , following the sale of two vessels, the aggregate amount of $ 14,182 was prepaid. During the first half of 2024, in relation to the sales of a 2004-built Panamax vessel of 76,602 dwt and a 2006-built Panamax vessel of 76,596 dwt, the aggregate amount of $ 9,756 was prepaid. In August 2024, in relation to the sale of one 2005-built Post-Panamax vessel of 87,052 dwt, the amount of $ 3,593 was prepaid. As of June 30, 2024, the total outstanding balance was $ 121,867 . The credit facility matures in the second quarter of 2025 and bears interest at Compounded SOFR plus 250 bps per annum. In August 2021, as amended on November 10, 2021 and December 7, 2021, Navios Maritime Acquisition Corporation (“Navios Acquisition”) entered into a loan agreement with HCOB, Alpha Bank S.A. and National Bank of Greece, of $ 190,216 in order to partially refinance the existing indebtedness of seven tanker vessels. Pursuant to an amendment in December 2021, two container vessels were added as collaterals. In January 2023, following the sale of one 2011-built Chemical Tanker vessel of 25,145 dwt and one 2010-built Chemical Tanker vessel of 25,130 dwt, the amount of $ 11,440 was prepaid. In May 2024, in relation to the sale of one 2009-built VLCC of 297,188 dwt, the amount of $ 16,568 was prepaid. As of June 30, 2024, the total outstanding balance of the credit facility was $ 84,715 . The credit facility matures in the second quarter of 2025 . Pursuant to the amendment dated July 24, 2023, the credit facility bears interest at Compounded SOFR plus margin ranging from 290 to 350 bps per annum, based on the loan to value ratio as defined in the loan agreement. DNB BANK ASA: On August 19, 2021 , Navios Partners entered into a credit facility with DNB Bank ASA for a total amount up to $ 18,000 , in order to finance part of the acquisition cost of the Navios Azimuth. On August 20, 2021, the full amount was drawn. On February 20, 2024, the total outstanding balance of $ 12,240 was fully prepaid. On December 13, 2021, Navios Partners entered into a sustainability linked credit facility with DNB Bank ASA of up to $ 72,710 for the refinancing of the existing credit facilities of three tanker vessels and two dry bulk vessels. On December 15, 2021, the full amount was drawn. On December 15, 2023, Navios Partners prepaid the amount of $ 37,075 relating to three tanker vessels that were released from the facility. On June 28, 2024, the total outstanding balance of $ 17,160 relating to the remaining two dry bulk vessels was fully prepaid. Financial Liabilities In February 2024 , Navios Partners entered into a sale and leaseback agreement of $ 16,800 with an unrelated third party for the Navios Azimuth, a 2011 -built Capesize vessel of 179,169 dwt. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. Navios Partners has a purchase option to acquire the vessel at the end of the lease term given the fact that such exercise price is not equal to the fair value of the asset at the end of the lease term, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On March 15, 2024, the amount of $ 16,800 was drawn. As of June 30, 2024, the outstanding balance under the sale and leaseback agreement was $ 16,256 . The sale and leaseback transaction matures in the first quarter of 2030 and bears interest at Term Secured Overnight Financing Rate ("Term SOFR ") plus 225 bps per annum. In January 2024 , Navios Partners entered into a sale and leaseback agreement of up to $ 45,260 with an unrelated third party, in order to finance the acquisition of one 115,000 dwt Aframax/LR2 newbuilding vessel. As of June 30, 2024, the total amount remained undrawn. The sale and leaseback agreement matures seven years after the drawdown date and bears interest at Term SOFR plus 190 bps per annum. In November 2023 , Navios Partners entered into sale and leaseback agreements of $ 175,600 with unrelated third parties, in order to finance the acquisition of two 5,300 TEU newbuilding containerships and two newbuilding Aframax/LR2 tanker vessels. In August 2024, in relation to the delivery of the Nave Polaris, a 2024 -built Aframax/LR2 vessel of 115,699 dwt, the amount of $ 43,850 was drawn and $ 131,750 remains to be drawn. The sale and leaseback transaction matures ten years after each drawdown date and bears interest at Term SOFR plus 200 bps per annum. In May 2023 , Navios Partners entered into sale and leaseback agreements of $ 178,000 with unrelated third parties, in order to finance the acquisition of two 5,300 TEU newbuilding containerships and two newbuilding Aframax/LR2 tanker vessels. In May 2024, in relation to the delivery of the Nave Cosmos, a 2024 -built Aframax/LR2 vessel of 115,651 dwt, the amount of $ 44,500 was drawn. In August 2024, in relation to the delivery of the Zim Seagull, a 2024 -built 5,300 TEU containership, the amount of $ 44,500 was drawn and $ 89,000 remains to be drawn. As of June 30, 2024, the outstanding balance under the sale and leaseback agreement was $ 43,970 . The sale and leaseback transaction matures ten years after each drawdown date and bears interest at Term SOFR plus 210 bps per annum. In October 2022 , Navios Partners completed a $ 100,000 sale and leaseback transaction with unrelated third parties to refinance the existing sale and leaseback transaction of 12 containerships. Navios Partners has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, Navios Partners did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback transaction as a financial liability. Navios Partners drew the entire amount on October 31, 2022 , net of discount of $ 800 . In May 2024, in relation to the sale of one 2007 -built 3,450 TEU containership, the amount of $ 4,411 was prepaid. Navios Partners also has an obligation at maturity to purchase the 11 containerships . As of June 30, 2024, the outstandi ng balance under the sale and leaseback agreement was $ 55,223 . The sale and leaseback agreement bears interest at Term SOFR plus 210 bps per annum. Finance Lease Liabilities In June 2024, Navios Partners agreed to acquire from an unrelated third party the Navios Venus, a previously chartered-in, 2015 -built Ultra-Handymax vessel of 61,339 dwt, which was previously accounted for as a right-of-use asset under operating lease. In accordance with the provisions of ASC 842, the Company accounted the transaction as a lease modification and upon reassessment of the classification of the lease, the Company has classified the above transaction as finance lease, as of the effective date of the modification. Consequently, as per ASC 842-10-25-11, the Company reallocated the remaining consideration in the contract and remeasured the lease liability using an updated incremental borrowing rate of approximately 6 %. As of June 30, 2024, the outstanding balance was $ 27,383 . On July 29, 2022, Navios Partners took delivery of the Navios Coral, a 2016 -built Kamsarmax vessel of 84,904 dwt, for a remaining three-year charter-in agreement. The charter-in provided for purchase options with de-escalating purchase prices. The Company had performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement was a finance lease. Consequently, the Company had recognized a finance lease liability based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 %. During the first quarter of 2024, the Company declared its option to acquire the vessel and remeasured the finance lease liability. The finance lease liability recognized at the date of remeasurement was decreased by $ 636 . The corresponding right-of-use asset under finance lease was adjusted upon remeasurement of the finance lease liability (see Note 4 – Vessels, net). In June 2024, the Company acquired the Navios Coral and repaid in full the outstanding balance of the finance lease liability as of that date. On July 29, 2022 , Navios Partners took delivery of the Navios Amber, a 2015 -built Kamsarmax vessel of 80,994 dwt, for a remaining one-year charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 %. During the first quarter of 2024, the Company declared its option to extend the charter period for one year and declared its option to acquire the vessel. Under the ASC 842, the extension of the charter period is considered as a lease modification. Consequently, the Company reallocated the remaining consideration in the contract and remeasured the finance lease liability by using the updated Company’s incremental borrowing rate of approximately 6 %. The finance lease liability recognized at the date of modification was increased by $ 592 . The corresponding right-of-use asset under finance lease was adjusted upon remeasurement of the finance lease liability (see Note 4 – Vessels, net). As of June 30, 2024, the outstanding balance was $ 31,009 . On July 29, 2022, Navios Partners took delivery of the Navios Citrine, a 2017 -built Kamsarmax vessel of 81,626 dwt, for a remaining three-year charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 %. During the first quarter of 2024, the Company declared its option to acquire the vessel and remeasured the finance lease liability. The finance lease liability recognized at the date of remeasurement was decreased by $ 969 . The corresponding right-of-use asset under finance lease was adjusted upon remeasurement of the finance lease liability (se e Note 4 – Vessels, net). As of June 30, 2024, the outstanding balance was $ 26,140 . On July 29, 2022, Navios Partners took delivery of the Navios Dolphin, a 2017 -built Kamsarmax vessel of 81,630 dwt, for a remaining three-year charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 %. During the first quarter of 2024, the Company declared its option to acquire the vessel and remeasured the finance lease liability. The finance lease liability recognized at the date of remeasurement was decreased by $ 1,024 . The corresponding right-of-use asset under finance lease was adjusted upon remeasurement of the finance lease liability (see Note 4 – Vessels, net). As of June 30, 2024, the outstanding balance was $ 26,164 . As of June 30, 2024 and 2023, payments related to the finance lease liabilities for the six month periods ended amounted to $ 20,307 and $ 12,119 , respectively and are presented under the caption “Repayment of long-term debt and financial liabilities” in the condensed Consolidated Statements of Cash Flows. Covenants and Other Terms of Credit Facilities and Financial Liabilities The credit facilities and certain financial liabilities contain a number of restrictive covenants that prohibit or limit Navios Partners from, among other things: incurring or guaranteeing indebtedness; entering into affiliate transactions; charging, pledging or encumbering the vessels; changing the flag, class, management or ownership of Navios Partners’ vessels; changing the commercial and technical management of Navios Partners’ vessels; selling or changing the beneficial ownership or control of Navios Partners’ vessels; not maintaining Navios Holdings’, Angeliki Frangou’s or their affiliates’ ownership in Navios Partners of at least 5.0%; and subordinating the obligations under the credit facilities to any general and administrative costs related to the vessels, including the fixed daily fee payable under the Management Agreements (defined herein). The Company’s credit facilities and certain financial liabilities also require compliance with a number of financial covenants, including: (i) maintain a required security ranging over 110% to 140%; (ii) minimum free consolidated liquidity in an amount equal to $500 per owned vessel and a number of vessels as defined in the Company’s credit facilities and financial liabilities; (iii) maintain a ratio of EBITDA to interest expense of at least 2.00:1.00; (iv) maintain a ratio of total liabilities or total debt to total assets (as defined in the Company’s credit facilities and financial liabilities) ranging from less than 0.75 to 0.80; and (v) maintain a minimum net worth of $135,000. It is an event of default under the credit facilities and certain financial liabilities if such covenants are not complied with in accordance with the terms and subject to the prepayments or cure provisions of the facilities. As of June 30, 2024, Navios Partners was in compliance with the financial covenants and/or the prepayments and/or the cure provisions, as applicable, in each of its credit facilities and certain financial liabilities. The annualized weighted average interest rates of the Company’s total borrowings for each of the three and six month periods ended June 30, 2024 were 7.1 %. The annualized weighted average interest rates of the Company’s total borrowings for the three and six month periods ended June 30, 2023 were 7.4 % and 7.2 %, respectively. The maturity table below reflects the principal payments for the next five 12-month periods ending June 30 of all borrowings of Navios Partners outstanding as of June 30, 2024, based on the repayment schedules of the respective credit facilities, financial liabilities and finance lease liabilities. Period Amount 2025 $ 535,500 2026 311,344 2027 226,902 2028 210,149 2029 136,541 2030 and thereafter 567,099 Total $ 1,987,535

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 7 – FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying amounts of many of Navios Partners’ financial instruments, including accounts receivable and accounts payable approximate their fair value due primarily to the short-term maturity of the related 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: The carrying amounts reported in the condensed Consolidated Balance Sheets for interest bearing deposits approximate their fair value because of the short maturity of these deposits. Restricted cash: The carrying amounts reported in the condensed Consolidated Balance Sheets for interest bearing deposits approximate their fair value because of the short maturity of these deposits. Other investments: The carrying amounts reported in the condensed Consolidated Balance Sheets for interest bearing deposits approximate their fair value. Amounts due from related parties, short-term: The carrying amount of due from related parties, short-term reported in the condensed Consolidated Balance Sheets approximates its fair value due to the short-term nature of these receivables. Amounts due from related parties, long-term: The carrying amount of due from related parties, long-term reported in the condensed Consolidated Balance Sheets approximates its fair value. Amounts due to related parties, short-term: The carrying amount of due to related parties, short-term reported in the condensed Consolidated Balance Sheets approximates its fair value due to the short-term nature of these payables. Credit facilities and financial liabilities, including current portion, net: The book value has been adjusted to reflect the net presentation of deferred finance costs. The outstanding balance of the floating rate credit facilities and financial liabilities continues to approximate its fair value, excluding the effect of any deferred finance costs. The estimated fair values of the Navios Partners’ financial instruments are as follows: June 30, 2024 December 31, 2023 Book Fair Book Fair Cash and cash equivalents $ 271,989 $ 271,989 $ 240,378 $ 240,378 Restricted cash $ 7,855 $ 7,855 $ 8,797 $ 8,797 Other investments $ 38,543 $ 38,543 $ 47,000 $ 47,000 Amounts due from related parties, short-term $ 29,784 $ 29,784 $ — $ — Amounts due from related parties, long-term $ — $ — $ 39,570 $ 39,570 Amounts due to related parties, short-term $ — $ — $ ( 32,026 ) $ ( 32,026 ) Credit facilities and financial liabilities, including current portion, net $ ( 1,522,313 ) $ ( 1,542,634 ) $ ( 1,393,049 ) $ ( 1,410,563 ) Fair Value Measurements The estimated fair value of the Company’s 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 the Company has 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. The Company did not use any Level III inputs as of June 30, 2024. Fair Value Measurements as at June 30, 2024 Total Level I Level II Level III Cash and cash equivalents $ 271,989 $ 271,989 $ — $ — Restricted cash $ 7,855 $ 7,855 $ — $ — Other investments $ 38,543 $ 38,543 $ — $ — Amounts due from related parties, short-term $ 29,784 $ — $ 29,784 $ — Credit facilities and financial liabilities, including current portion, net (1) $ ( 1,542,634 ) $ — $ ( 1,542,634 ) $ — Fair Value Measurements as at December 31, 2023 Total Level I Level II Level III Cash and cash equivalents $ 240,378 $ 240,378 $ — $ — Restricted cash $ 8,797 $ 8,797 $ — $ — Other investments $ 47,000 $ 47,000 $ — $ — Amounts due from related parties, long-term $ 39,570 $ — $ 39,570 $ — Amounts due to related parties, short-term $ ( 32,026 ) $ — $ ( 32,026 ) $ — Credit facilities and financial liabilities, including current portion, net (1) $ ( 1,410,563 ) $ — $ ( 1,410,563 ) $ — (1) The fair value of the Company’s credit facilities and financial liabilities is estimated based on currently available credit facilities, financial liabilities, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness. As of June 30, 2024, the estimated fair value of the Company’s vessels measured at fair value on a non-recurring basis, is based on the third party valuation reports and is categorized based upon the fair value hierarchy as follows: Fair Value Measurements as at June 30, 2024 Total Level I Level II Level III Vessels $ 25,510 $ — $ 25,510 $ — As of December 31, 2023, the estimated fair value of the Company’s right-of-use asset measured at fair value on a non-recurring basis, is based on what a market participant would pay for the right-of-use asset for its highest and best use calculated using discounted cash flow, which comprises various assumptions, including the Company’s discount factor of 11.0% and is categorized based upon the fair value hierarchy as follows: Fair Value Measurements as at December 31, 2023 Total Level I Level II Level III Operating leases $ 3,595 $ — $ — $ 3,595

Repurchases and Issuance of Uni

Repurchases and Issuance of Units	6 Months Ended
	Jun. 30, 2024
Repurchases And Issuance Of Units
Repurchases and Issuance of Units	NOTE 8 – REPURCHASES AND ISSUANCE OF UNITS In July 2022, the Board of Directors of Navios Partners authorized a common unit repurchase program for up to $ 100,000 of the Company’s common units. Common unit repurchases will be made from time to time for cash in open market transactions at prevailing market prices or in privately negotiated transactions. The timing and amount of repurchases under the program will be determined by Navios Partners’ management based upon market conditions and financial and other considerations, including working capital and planned or anticipated growth opportunities. The program does not require any minimum repurchase or any specific number of common units and may be suspended or reinstated at any time in the Company’s discretion and without notice. The Board of Directors will review the program periodically. As of June 30, 2024, the Company had repurchased 100,538 common units, for a total cost of approximately $ 5,000 . As of September 4, 2024, the Company had repurchased 246,573 common units, for a total cost of approximately $ 12,179 .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 9 – INCOME TAXES The Republic of the Marshall Islands does not impose a tax on international shipping income. Under the laws of the Marshall Islands, Malta, Liberia, Cayman Islands, Hong Kong, British Virgin Islands, Panama and Belgium, the countries of the vessel-owning subsidiaries’ incorporation and/or vessels’ registration, the vessel-owning subsidiaries are subject to registration and tonnage taxes, which have been included in vessel expenses in the accompanying condensed Consolidated Statements of Operations. In accordance with the currently applicable Greek law, foreign flagged vessels that are managed by Greek or foreign ship management companies having established an office in Greece on the basis of the applicable licensing regime are subject to tax liability towards the Greek state, which is calculated on the basis of the relevant vessel’s tonnage. A tax credit is recognized for tonnage tax (or similar tax) paid abroad, up to the amount of the tax due in Greece. The owner, the manager and the bareboat charterer or the financial lessee (where applicable) are liable to pay the tax due to the Greek state. The payment of said tax exhausts the tax liability of the foreign ship owning company, the bareboat charterer, the financial lessee (as applicable) and the relevant manager against any tax, duty, charge or contribution payable on income from the exploitation of the foreign flagged vessel outside Greece. We have elected to be treated and we are currently treated as a corporation for U.S. federal income tax purposes. As such, we are not subject to section 1446 as that section only applies to entities that for U.S. federal income tax purposes are characterized as partnerships. Pursuant to Section 883 of the Internal Revenue Code of the United States, U.S. source income from the international operation of ships is generally exempt from U.S. income tax if the company operating the ships meets certain incorporation and ownership requirements. Among other things, in order to qualify for this exemption, the company operating the ships must be incorporated in a country, which grants an equivalent exemption from income taxes to U.S. corporations. All the vessel-owning subsidiaries satisfy these initial criteria. In addition, these companies must meet an ownership test. The management of Navios Partners believes that this ownership test was satisfied prior to the IPO by virtue of a special rule applicable to situations where the ship operating companies are beneficially owned by a publicly traded company. Although not free from doubt, management also believes that the ownership test will be satisfied based on the trading volume and ownership of Navios Partners’ units, but no assurance can be given that this will remain so in the future.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 10 – COMMITMENTS AND CONTINGENCIES Navios Partners is involved in various disputes and arbitration proceedings arising in the ordinary course of business. Provisions have been recognized in the financial statements for all such proceedings where Navios Partners believes that a liability may be probable, and for which the amounts are reasonably estimable, based upon facts known at the date the financial statements were prepared. Management believes the ultimate disposition of these matters will be immaterial individually and in the aggregate to Navios Partners’ financial position, results of operations or liquidity. On July 2, 2021, Navios Partners agreed to purchase four 5,300 TEU newbuilding containerships, from an unrelated third party, for a purchase price of $ 61,600 each. On November 9, 2023 , on January 25, 2024 , on July 4, 2024 and on July 31, 2024 , Navios Partners took delivery of the Sparrow, the Zim Eagle, the Zim Falcon and the Zim Pelican, respectively. Navios Partners agreed to pay in total $ 18,480 in three installments for each vessel and the remaining amount of $ 43,120 for each vessel plus extras will be paid upon delivery of the vessel. During the year ended December 31, 2021, the first installment of each vessel of $6,160, or $ 24,640 accumulated for the four vessels, was paid. During the year ended December 31, 2022, the aggregate amount of $ 36,960 in relation to the second installment for the four vessels and the third installment for two of the vessels, was paid. During the year ended December 31, 2023, the aggregate amount of $ 55,440 in relation to the third installment for the other two vessels and the last installment for one of the vessels was paid. During the first half of 2024, the amount of $ 86,240 in relation to the last installment for two of the vessels was paid. As of June 30, 2024, the total amount o f $ 80,080 is presented under the caption “Deposits for vessels acquisitions” in the condensed Consolidated Balance Sheets. On October 1, 2021, Navios Partners exercised its option to acquire two 5,300 TEU newbuilding containerships, from an unrelated third party, for a purchase price of $ 61,600 each. On August 26, 2024 Navios Partners took delivery of the Zim Seagull. The remaining vessel is expected to be delivered into Navios Partners’ fleet during the second half of 2024 . Navios Partners agreed to pay in total $ 18,480 in three installments for each vessel and the remaining amount of $ 43,120 for each vessel plus extras will be paid upon delivery of the vessel. During the year ended December 31, 2021, the first installment of each vessel of $6,160, or $ 12,320 accumulated for the two vessels was paid. During the year ended December 31, 2023, the aggregate amount of $ 18,480 in relation to the second installment for the two vessels and the third installment for one of the vessels was paid. During the first half of 2024, the amount of $ 6,160 in relation to the third installment for the other one vessel was paid. As of June 30, 2024, the total amount of $ 36,960 is presented under the caption “Deposits for vessels acquisitions” in the condensed Consolidated Balance Sheets. In November 2021, Navios Partners agreed to purchase four 5,300 TEU newbuilding containerships (two plus two optional), from an unrelated third party, for a purchase price of $ 62,825 each. On April 8, 2024 and on June 3, 2024 , Navios Partners took delivery of the Zim Condor and the Zim Hawk, respectively. The remaining vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2024 . Navios Partners agreed to pay in total $ 25,130 in four installments for each vessel and the remaining amount of $ 37,695 plus extras for each vessel will be paid upon delivery of the vessel. During the year ended December 31, 2022, the aggregate amount of $ 43,978 in relation to the first installment for the four vessels, the second installment for two of the vessels and the third installment for one of the vessels was paid. During the year ended December 31, 2023, the aggregate amount of $ 37,695 in relation to the second installment for the other two vessels, the third installment for two of the vessels and the fourth installment for two of the vessels was paid. During the first half of 2024, the aggregate amount of $ 87,955 in relation to the third installment for one of the vessels, the fourth installment for one of the vessels and the last installment for two of the vessels was paid. As of June 30, 2024, the total amount of $ 43,978 is presented under the caption “Deposits for vessels acquisitions” in the condensed Consolidated Balance Sheets. In April 2022, Navios Partners agreed to purchase four 115,000 dwt Aframax/LR2 newbuilding vessels, from an unrelated third party, for a purchase price of $ 58,500 each (plus $ 4,158 per vessel in additional features). On May 13, 2024 and on August 12, 2024 , Navios Partners took delivery of the Nave Cosmos and the Nave Polaris, respectively. The remaining vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2024 . Navios Partners agreed to pay in total $ 23,400 plus extras in four installments for each vessel and the remaining amount of $ 35,100 plus extras for each vessel will be paid upon delivery of each vessel. During the year ended December 31, 2022, the first installment of each vessel of $6,266, or $ 25,063 accumulated for the four vessels was paid. During the year ended December 31, 2023, the aggregate amount of $ 31,329 in relation to the second installment for the four vessels and the third installment for one of the vessels was paid. During the first half of 2024, the aggregate amount of $ 68,923 in relation to the third installment for the other three vessels, the fourth installment for two of the vessels and the last installment for one of the vessels was paid. As of June 30, 2024, the total amount of $ 62,658 is presented under the caption “Deposits for vessels acquisitions” in the condensed Consolidated Balance Sheets. In June 2022, Navios Partners agreed to purchase two newbuilding liquefied natural gas (LNG) dual fuel 7,700 TEU containerships, from an unrelated third party, for an amended purchase price of $ 115,510 each (original price of $120,610 each). The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2024 and the first half of 2025 . Navios Partners agreed to pay in total $ 92,408 in four installments for each vessel and the remaining amount of $ 23,102 for each vessel will be paid upon delivery of the vessel. During the year ended December 31, 2022, the first installment of each vessel of $23,102, or $ 46,204 accumulated for the two vessels, was paid. During the year ended December 31, 2023, the aggregate amount of $ 103,959 in relation to the second and third installments for the two vessels, was paid. As of June 30, 2024, the total amount of $ 150,163 is presented under the caption “Deposits for vessels acquisitions” in the condensed Consolidated Balance Sheets. In November 2022, Navios Partners agreed to acquire two 115,000 dwt Aframax/LR2 newbuilding vessels, from an unrelated third party, for a purchase price of $ 60,500 each (plus $ 4,158 per vessel in additional features). The vessels are expected to be delivered into Navios Partners’ fleet during the first half of 2025 . Navios Partners agreed to pay in total $ 24,200 plus extras in four installments for each vessel and the remaining amount of $ 36,300 plus extras for each vessel will be paid upon delivery of each vessel. During the year ended December 31, 2023, the aggregate amount of $ 12,100 in relation to the first installment for the two vessels, was paid. During the first half of 2024, the amount of $ 12,100 in relation to the second installment for the two vessels was paid . As of June 30, 2024, the total amount of $ 24,200 is presented under the caption “Deposits for vessels acquisitions” in the condensed Consolidated Balance Sheets. In December 2022, Navios Partners agreed to acquire two newbuilding Japanese MR2 Product Tanker vessels, from an unrelated third party, under bareboat contracts. Each vessel is being bareboat-in for ten years . Navios Partners has the option to acquire the vessels starting at the end of year four until the end of the charter period. Navios Partners agreed to pay in total $ 18,000 , representing a deposit for the option to acquire the vessels after the end of the fourth year. The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2025 and the first half of 2026 . During the year ended December 31, 2023, the aggregate amount of $ 9,000 in relation to the deposit for the option to acquire the two vessels, was paid. As of June 30, 2024, the total amount of $ 11,095 , including expenses, is presented under the caption “Other long-term assets” in the condensed Consolidated Balance Sheets. During the second quarter of 2023, Navios Partners agreed to acquire two newbuilding Japanese MR2 Product Tanker vessels, from an unrelated third party, under bareboat contracts. Each vessel is being bareboat-in for ten years . Navios Partners has the option to acquire the vessels starting at the end of year four until the end of the charter period. Navios Partners agreed to pay in total $ 18,000 , representing a deposit for the option to acquire the vessels after the end of the fourth year. The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2026 . During the year ended December 31, 2023, the aggregate amount of $ 9,000 in relation to the deposit for the option to acquire the two vessels, was paid. As of June 30, 2024, the total amount of $ 10,972 , including expenses, is presented under the caption “Other long-term assets” in the condensed Consolidated Balance Sheets. In August 2023, Navios Partners agreed to acquire two newbuilding Japanese MR2 Product Tanker vessels, from an unrelated third party, under bareboat contracts. Each vessel is being bareboat-in for ten years . Navios Partners has the option to acquire the vessels starting at the end of year four until the end of the charter period. Navios Partners agreed to pay in total $ 20,000 , representing a deposit for the option to acquire the vessels after the end of the fourth year. The vessels are expected to be delivered into Navios Partners’ fleet during the first half of 2027 . During the year ended December 31, 2023, the aggregate amount of $ 10,000 in relation to the deposit for the option to acquire the two vessels, was paid. As of June 30, 2024, the total amount of $ 12,027 , including expenses, is presented under the caption “Other long-term assets” in the condensed Consolidated Balance Sheets. During the third quarter of 2023, Navios Partners agreed to acquire four 115,000 dwt Aframax/LR2 newbuilding scrubber-fitted vessels, from an unrelated third party, for a purchase price of $ 61,250 each (plus $3,300 per vessel in additional features). The vessels are expected to be delivered into Navios Partners’ fleet during 2026 . Navios Partners agreed to pay in total $ 27,562 plus extras in four installments for each vessel and the remaining amount of $ 33,688 plus extras for each vessel will be paid upon delivery of each vessel. During the first half of 2024, the aggregate amount of $ 36,750 in relation to the first installment for the four vessels was paid. As of June 30, 2024, the total amount of $ 36,750 is presented under the caption “Deposits for vessels acquisitions” in the condensed Consolidated Balance Sheets. During the first quarter of 2024, Navios Partners agreed to acquire two 115,000 dwt Aframax/LR2 newbuilding scrubber-fitted vessels from an unrelated third party, for a purchase price of $ 61,250 each (plus $ 3,300 per vessel in additional features). The vessels are expected to be delivered into Navios Partners’ fleet during 2027 . Navios Partners agreed to pay in total $ 27,562 plus extras in four installments for each vessel and the remaining amount of $ 33,688 plus extras for each vessel will be paid upon delivery of each vessel. During the first half of 2024, the aggregate amount of $ 18,375 in relation to the first installment for the two vessels was paid. As of June 30, 2024, the total amount of $ 18,375 is presented under the caption “Deposits for vessels acquisitions” in the condensed Consolidated Balance Sheets. During the second quarter of 2024, Navios Partners agreed to acquire two 7,900 TEU newbuilding methanol-ready and scrubber-fitted containerships from an unrelated third party, for a purchase price of $ 102,750 each (plus $ 3,250 per vessel in additional features). The vessels are expected to be delivered into Navios Partners' fleet during the second half of 2026 . Navios Partners agreed to pay in total $ 82,200 plus extras in four installments for each vessel and the remaining amount of $ 20,550 plus extras for each vessel will be paid upon delivery of each vessel. During the second quarter of 2024, Navios Partners agreed to acquire four 115,000 dwt Aframax/LR2 newbuilding scrubber-fitted vessels from an unrelated third party, for a purchase price of $ 62,250 (plus $ 3,300 per vessel in additional features) for each of the first two vessels and a purchase price of $ 63,000 (plus $ 3,300 per vessel in additional features) for each of the other two vessels. The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2027 and the first half of 2028 . For the first two vessels, Navios Partners agreed to pay in total $ 34,238 plus extras in four installments for each vessel and the remaining amount of $ 28,012 plus extras for each vessel will be paid upon delivery of each vessel. For the other two vessels, Navios Partners agreed to pay in total $ 34,650 plus extras in four installments for each vessel and the remaining amount of $ 28,350 plus extras for each vessel will be paid upon delivery of each vessel. As of June 30, 2024, an amount of $ 60,098 related to capitalized costs is presented under the caption “Deposits for vessels acquisitions” in the condensed Consolidated Balance Sheets. The Company’s future minimum lease commitments under the Company’s bareboat-in contracts for undelivered vessels for the next five 12-month periods ending June 30, are as follows: Period Amount 2025 $ — 2026 3,310 2027 12,837 2028 18,666 2029 18,615 2030 and thereafter 132,867 Total $ 186,295

Transactions with Related Parti

Transactions with Related Parties and Affiliates	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Transactions with Related Parties and Affiliates	NOTE 11 – TRANSACTIONS WITH RELATED PARTIES AND AFFILIATES Vessel operating expenses: In August 2019, Navios Partners extended the duration of its management agreement (“Management Agreement”) with the Manager until January 1, 2025, with an automatic renewal for an additional five years, unless earlier terminated by either party. Following the completion of the merger with Navios Maritime Containers L.P. (“Navios Containers”), the fleet of Navios Containers is included in Navios Partners’ owned fleet and continued to be operated by the Manager pursuant to the terms of the Navios Containers’ management agreement with the Manager (the “NMCI Management Agreement”). Following the completion of the merger with Navios Acquisition, the fleet of Navios Acquisition is included in Navios Partners’ owned fleet and continued to be operated by the Manager pursuant to the terms of Navios Acquisition’s management agreement with Navios Tankers Management Inc. (the “NNA Management Agreement” and together with the Management Agreement and the NMCI Management Agreement, the “Management Agreements”). The Manager provided commercial and technical management services to Navios Partners’ vessels: (i) until December 31, 2022 vessel operating expenses were fixed for a daily fee of: (a) $ 4.48 per Ultra-Handymax vessel; (b) $ 4.58 per Panamax vessel; (c) $ 5.57 per Capesize vessel; (d) $ 6.28 per Containership of TEU 1,300 up to 3,400; (e) $ 6.40 per Containership of TEU 3,450 up to 4,999; (f) $ 7.11 per Containership of TEU 6,800; (g) $ 8.01 per Containership of TEU 8,000 up to 9,999; (h) $ 8.52 per Containership of TEU 10,000 up to 11,999; (i) $ 7.03 per MR2 and MR1 product tanker and chemical tanker vessel; (j) $ 7.44 per LR1 product tanker vessel; and (k) $ 9.94 per VLCC; (ii) until December 31, 2023 vessel operating expenses were fixed for a daily fee of: (a) $ 4.62 per Ultra-Handymax vessel; (b) $ 4.72 per Panamax vessel; (c) $ 5.74 per Capesize vessel; (d) $ 6.47 per Containership of TEU 1,300 up to 3,400; (e) $ 6.59 per Containership of TEU 3,450 up to 4,999; (f) $ 7.32 per Containership of TEU 5,000 up to 6,800; (g) $ 8.25 per Containership of TEU 8,000 up to 9,999; (h) $ 8.77 per Containership of TEU 10,000 up to 11,999; (i) $ 7.24 per MR2 and MR1 product tanker and chemical tanker vessel; (j) $ 7.67 per LR1 product tanker vessel; and (k) $ 10.24 per VLCC; (iii) commencing from January 1, 2024 vessel operating expenses are fixed for one year for a daily fee of: (a) $ 4.75 per Ultra-Handymax vessel; (b) $ 4.86 per Panamax vessel; (c) $ 5.91 per Capesize vessel; (d) $ 6.67 per Containership of TEU 1,300 up to 3,400; (e) $ 6.79 per Containership of TEU 3,450 up to 4,999; (f) $ 7.54 per Containership of TEU 5,000 up to 6,800; (g) $ 8.50 per Containership of TEU 8,000 up to 9,999; (h) $ 9.04 per Containership of TEU 10,000 up to 11,999; (i) $ 7.46 per MR2 and MR1 product tanker vessel; (j) $ 7.90 per LR2 and LR1 product tanker vessel; (k) $ 10.55 per VLCC; and (l) at cost for specialized transhipper vessels. The Management Agreements also provide for a technical and commercial management fee of $ 0.05 per day per vessel and a management fee of $ 0.55 per day per specialized transhipper vessel and an annual increase of 3 % of the fixed daily fee after January 1, 2022 for the remaining period unless agreed otherwise. Pursuant to the acquisition of the 36-vessel dry bulk fleet from Navios Holdings, which includes time charter-in vessels, Navios Partners and the Manager, on July 25, 2022, amended the Management Agreement to include a technical and commercial management fee of $ 0.025 per time charter-in vessel per day. The Management Agreements also provide for payment of a termination fee, equal to the fixed daily fees and other fees charged for the full calendar year preceding the termination date in the event the agreements are terminated on or before its term. Drydocking expenses are reimbursed at cost for all vessels. In August 2024, Navios Partners renewed its Management Agreements (the “Master Management Agreement”, together with the “Renewed Administrative Services Agreement” (as defined herein), the “Agreements”) with the Manager commencing January 1, 2025, for a term of ten years , renewing annually. The Conflicts Committee of the Board of Directors, consisting of independent directors, negotiated and approved the Agreements with the advice of Watson Farley & Williams LLP as legal advisor and KPMG Advisors Single Member S.A. (a member firm of the KPMG global organization of independent member firms) as financial advisor. The Master Management Agreement provides for technical and commercial management and related specialized services based on fee structure, including: (i) a technical management fee of $ 0.95 per day per owned vessel; (ii) a commercial management fee of 1.25 % on revenues; (iii) an S&P fee of 1 % on purchase or sales price; and (iv) fees for other specialized services (e.g. supervision of newbuilding vessels). Fixed fees will be adjusted annually for United States Consumer Price Index. The Master Management Agreement also allows for fixed incentive awards if equity returns exceed certain thresholds, as identified in such agreement, upon the unanimous consent of the Board of Directors of Navios Partners. The Master Management Agreement also provides for payment of a termination fee equal to the net present value of the technical and commercial management fees charged for the most recent calendar years, as set forth in the latest audited annual financial statements for the number of years remaining for the Master Management Agreement, using a 6 % discount rate. During the three and six month periods ended June 30, 2024 certain extraordinary fees and costs related to vessels’ regulatory requirements, including ballast water treatment system installation, exhaust gas cleaning system installation and other improvements under the Company’s Management Agreements, amounted to $ 6,433 and $ 10,284 , respectively, and are presented under the caption “Acquisition of/ additions to vessels” in the condensed Consolidated Statements of Cash Flows. During the three and six month periods ended June 30, 2023 certain extraordinary fees and costs related to vessels’ regulatory requirements, including ballast water treatment system installation, exhaust gas cleaning system installation and other improvements under the Company’s Management Agreements, amounted to $ 14,154 and $ 19,743 , respectively, and are presented under the caption “Acquisition of/ additions to vessels” in the condensed Consolidated Statements of Cash Flows. During the three and six month periods ended June 30, 2024, additional remuneration in accordance with the Company’s Management Agreements amounted to $ 1,133 and $ 1,524 , respectively, related to superintendent attendances and claims preparation and are presented under the captions of “Direct vessel expenses” in the condensed Consolidated Statements of Operations, “Vessels, net”, “Deferred drydock and special survey costs, net” and “Prepaid expenses and other current assets” in the condensed Consolidated Balance Sheets. During the three and six month periods ended June 30, 2023, additional remuneration in accordance with the Company’s Management Agreements amounted to $ 1,439 and $ 2,005 , respectively, related to superintendent attendances and claims preparation and are presented under the captions of “Direct vessel expenses” in the condensed Consolidated Statements of Operations, “Vessels, net”, “Deferred drydock and special survey costs, net” and “Prepaid expenses and other current assets” in the condensed Consolidated Balance Sheets. During the three and six month periods ended June 30, 2024, certain extraordinary crewing fees and costs amounted to $ 81 and $ 215 , respectively, and are presented under the caption of “Direct vessel expenses” in the condensed Consolidated Statements of Operations. During the three and six month periods ended June 30, 2023, certain extraordinary crewing fees and costs amounted to $ 997 and $ 2,291 , respectively, and are presented under the caption of “Direct vessel expenses” in the condensed Consolidated Statements of Operations. Total vessel operating expenses for the three and six month periods ended June 30, 2024 amounted to $ 85,271 and $ 170,193 , respectively. Total vessel operating expenses for the three and six month periods ended June 30, 2023 amounted to $ 82,550 and $ 165,766 , respectively. General and administrative expenses: Pursuant to the administrative services agreement (the “Administrative Services Agreement”), the Manager also provides administrative services to Navios Partners, which include bookkeeping, audit and accounting services, legal and insurance services, administrative and clerical services, banking and financial services, advisory services, client and investor relations and other. Under the Administrative Services Agreement, which provides for allocable general and administrative costs, the Manager is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. In August 2019, Navios Partners extended the duration of its existing Administrative Services Agreement with the Manager until January 1, 2025, to be automatically renewed for another five years. The agreement also provides for payment of a termination fee, equal to the fees charged for the full calendar year preceding the termination date in the event the Administrative Services Agreement is terminated on or before its term. In August 2024, Navios Partners renewed its Administrative Services Agreement (the “Renewed Administrative Services Agreement”) with the Manager commencing January 1, 2025, for a term of ten years , renewing annually. The Renewed Administrative Services Agreement provides for reimbursement of allocable general and administrative costs. The Renewed Administrative Agreement also provides for payment of a termination fee equal to the costs charged for the most recent calendar year, as set forth in the latest audited annual financial statements. During the three and six month periods ended June 30, 2024, allocable general and administrative costs amounted to $ 2,433 and $ 4,882 , respectively, and are presented under the captions of “Deposits for vessels acquisitions” and “Other long-term assets” in the condensed Consolidated Balance Sheets. During the three and six month periods ended June 30, 2023, allocable general and administrative costs amounted to $ 957 and $ 2,010 , respectively, and are presented under the captions “Deposits for vessels acquisitions” and “Other long-term assets” in the condensed Consolidated Balance Sheets. Total general and administrative expenses charged by the Manager for the three and six month periods ended June 30, 2024 amounted to $ 15,770 and $ 31,549 , respectively. Total general and administrative expenses charged by the Manager for the three and six month periods ended June 30, 2023 amounted to $ 15,755 and $ 29,861 , respectively. Balance due from/ (to) related parties: Balance due from/ (to) related parties, short-term as of June 30, 2024 and December 31, 2023 amounted to $ 27,551 and $( 32,026 ), respectively. Balance due from related parties, long-term as of June 30, 2024 and December 31, 2023 amounted to $ 0 and $ 39,570 , respectively. The balances mainly consisted of administrative expenses, drydocking, extraordinary fees and costs related to regulatory requirements including ballast water treatment system, other expenses, as well as fixed vessel operating expenses, in accordance with the Management Agreements and are presented under the captions “Amounts due from related parties” and “Amounts due to related parties” in the condensed Consolidated Balance Sheets. In October 2023, Navios Partners entered into a time charter agreement with a subsidiary of its affiliate Navios South American Logistics Inc. for the Navios Vega, a 2009-built transhipper vessel. The vessel was delivered during the first quarter of 2024 . The term of this time charter agreement is approximately five years, at a rate of $ 25.8 net per day and for the three and six month periods ended on June 30, 2024, the amounts of $ 2,334 and $ 3,313 , respectively, are presented under the caption “Time charter and voyage revenues” in the condensed Consolidated Statements of Operations. This transaction was negotiated with, and unanimously approved by, the conflicts committee of Navios Partners. As of June 30, 2024, balance due from the above mentioned related party company amounted to $ 2,233, is presented under the caption “Amounts due from related parties” in the condensed Consolidated Balance Sheets and has been received in August 2024. Others: Navios Partners has entered into an omnibus agreement with Navios Holdings (the “Partners Omnibus Agreement”) in connection with the closing of Navios Partners’ IPO governing, among other things, when Navios Holdings and Navios Partners may compete against each other as well as rights of first offer on certain dry bulk carriers. Pursuant to the Partners Omnibus Agreement, Navios Partners generally agreed not to acquire or own Panamax or Capesize dry bulk carriers under time charters of three or more years without the consent of an independent committee of Navios Partners. In addition, Navios Holdings has agreed to offer to Navios Partners the opportunity to purchase vessels from Navios Holdings when such vessels are fixed under time charters of three or more years. General partner: Olympos Maritime Ltd., an entity affiliated with our Chairwoman and Chief Executive Officer, Angeliki Frangou, is the holder of Navios Partners’ general partner interest.

Cash Distributions and Earnings

Cash Distributions and Earnings per Unit	6 Months Ended
	Jun. 30, 2024
Cash Distributions And Earnings Per Unit
Cash Distributions and Earnings per Unit	NOTE 12 – CASH DISTRIBUTIONS AND EARNINGS PER UNIT The amount of distributions paid by Navios Partners and the decision to make any distribution is determined by the Company’s Board of Directors and will depend on, among other things, Navios Partners’ cash requirements as measured by market opportunities and restrictions under its credit agreements and other debt obligations and such other factors as the Board of Directors may deem advisable. There is no guarantee that the Company will pay the quarterly distribution on the common units in any quarter. The Company is prohibited from making any distributions to unitholders if it would cause an event of default, or an event of default exists, under its existing credit facilities. There are incentive distribution rights held by Navios GP L.L.C., which are analyzed as follows: Marginal Percentage Interest in Distributions Total Quarterly Distribution Target Amount Common Unitholders Incentive Distribution Right Holder General Partner Minimum Quarterly Distribution up to $ 5.25 98 % — 2 % First Target Distribution up to $ 6.0375 98 % — 2 % Second Target Distribution above $ 6.0375 up to $ 6.5625 85 % 13 % 2 % Third Target Distribution above $ 6.5625 up to $ 7.875 75 % 23 % 2 % Thereafter above $ 7.875 50 % 48 % 2 % The first 98% of the quarterly distribution is paid to all common unitholders. The incentive distributions rights (held by Navios GP L.L.C.) apply only after a minimum quarterly distribution of $6.0375 per unit. In January 2023, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended December 31, 2022 of $ 0.05 per unit. The distribution was paid on February 14, 2023 to all unitholders of common units and general partnership units of record as of February 10, 2023 . The aggregate amount of the declared distribution was $ 1,540 . In April 2023, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended March 31, 2023 of $ 0.05 per unit. The distribution was paid on May 12, 2023 to all unitholders of common units and general partnership units of record as of May 9, 2023 . The aggregate amount of the declared distribution was $ 1,540 . In February 2024, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended December 31, 2023 of $ 0.05 per unit. The distribution was paid on February 14, 2024 to all unitholders of common units and general partnership units of record as of February 12, 2024 . The aggregate amount of the declared distribution was $ 1,540 . In April 2024, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended March 31, 2024 of $ 0.05 per unit. The distribution was paid on May 14, 2024 to all unitholders of common units and general partnership units of record as of May 10, 2024 . The aggregate amount of the declared distribution was $ 1,540 . In July 2024, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended June 30, 2024 of $ 0.05 per unit. The distribution was paid on August 14 , 2024 to all unitholders of common units and general partnership units of record as of August 9, 20 24 . The aggregate amount of the declared distribution was $ 1,531 . Navios Partners calculates earnings per unit by allocating reported net income for each period to each class of units based on the distribution waterfall for available cash specified in Navios Partners’ partnership agreement, net of the unallocated earnings (or losses). Basic earnings per common unit is determined by dividing net income by the weighted average number of common units outstanding during the period. Diluted earnings per unit is calculated in the same manner as basic earnings per unit, except that the weighted average number of outstanding units increased to include the dilutive effect of outstanding unit options or phantom units. Net loss per unit undistributed is determined by taking the distributions in excess of net income and allocating between common units and general partnership units on a 98%-2% basis. There were no options or phantom units outstanding during each of the six month periods ended June 30, 2024 and 2023. The calculations of the basic and diluted earnings per unit are presented below. Three Month Period Ended June 30, 2024 Three Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2024 Six Month Period Ended June 30, 2023 (unaudited) (unaudited) (unaudited) (unaudited) Net income $ 101,469 $ 112,308 $ 174,830 $ 211,473 Income attributable to: Common unitholders $ 99,439 $ 110,062 $ 171,333 $ 207,245 Weighted average units outstanding basic Common unitholders 30,162,905 30,183,387 30,173,646 30,183,387 Earnings per unit basic: Common unitholders $ 3.30 $ 3.65 $ 5.68 $ 6.87 Weighted average units outstanding diluted Common unitholders 30,162,905 30,184,388 30,173,646 30,184,388 Earnings per unit diluted: Common unitholders $ 3.30 $ 3.65 $ 5.68 $ 6.87 Earnings per unit distributed basic: Common unitholders $ 0.05 $ 0.05 $ 0.10 $ 0.10 Earnings per unit distributed diluted: Common unitholders $ 0.05 $ 0.05 $ 0.10 $ 0.10 Potential common units of 0 and 1,001 for the six month periods ended June 30, 2024 and 2023, respectively, are included in the calculation of earnings per unit diluted.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases
Leases	NOTE 13 – LEASES Time charter out contracts and pooling arrangements The Company’s contract revenues from time chartering, bareboat chartering and pooling arrangements are governed by ASC 842. Operating Leases A discussion of the Company’s operating leases can be found in Note 20 – Leases to the Company’s consolidated financial statements included in the Annual Report. Based on management estimates and market conditions, the lease term of the leases is being assessed at each balance sheet date. At lease commencement, the Company determines a discount rate to calculate the present value of the lease payments so that it can determine lease classification and measure the lease liability. In determining the discount rate to be used at lease commencement, the Company used its incremental borrowing rate as there was no implicit rate included in charter-in contracts that can be readily determinable. The incremental borrowing rate is the rate that reflects the interest a lessee would have to pay to borrow funds on a collateralized basis over a similar term and in a similar economic environment. The Company then applies the respective incremental borrowing rate based on the remaining lease term of the specific lease. Navios Partners’ incremental borrowing rates were approximately 7 % for the Navios Libra and the Nave Celeste, 5 % for the Navios Amitie and the Navios Star, 6 % for the Baghdad and the Erbil, and 4 % for the Nave Electron. As of June 30, 2024 and December 31, 2023, the outstanding balance of the operating lease liability amounted to $ 253,022 a nd $ 270,738 , respectively, and is presented under the captions “Operating lease liabilities, current portion” and “Operating lease liabilities, net” in the condensed Consolidated Balance Sheets. Right-of-use assets amounted to $ 255,847 and $ 270,969 as at June 30, 2024 and December 31, 2023, respectively, and are presented under the caption “Operating lease assets” in the condensed Consolidated Balance Sheets. The Company recognizes the lease payments for its operating leases as charter hire expenses on a straight-line basis over the lease term. Lease expense incurred and paid for the three and six month periods ended June 30, 2024 amounted to $ 10,936 and $ 22,982 , re spectively. Lease expense incurred and paid for the three and six month periods ended June 30, 2023 amounted to $ 17,418 and $ 34,751 , respectively. Lease expense is presented under the caption “Time charter and voyage expenses” in the condensed Consolidated Statements of Operations. For the three and six month periods ended June 30, 2024, the sublease income (net of commissions, if any) for vessels where the Company is a lessee amounted to $ 18,996 and $ 35,829 , respec tively. For the three and six month periods ended June 30, 2023, the sublease income (net of commissions, if any) for vessels where the Company is a lessee amounted to $ 22,746 and $ 43,120 , respectively. Sublease income is presented under the caption “Time charter and voyage revenues” in the condensed Consolidated Statements of Operations. As of June 30, 2024, the weighted average useful life of the remaining operating lease terms was 8.7 years. The table below provides the total amount of lease payments for the next five 12-month periods ending June 30 on an undiscounted basis on the Company’s chartered-in contracts as of June 30, 2024: Period Amount 2025 $ 38,372 2026 38,340 2027 37,891 2028 37,312 2029 36,632 2030 and thereafter 131,260 Total $ 319,807 Operating lease liabilities, including current portion $ 253,022 Discount based on incremental borrowing rate $ 66,785 Finance Leases For a detailed description of the finance lease liabilities and right-of-use assets for vessels under finance leases, refer to (i) Note 6 – Borrowings and Note 4 – Vessels, net, respectively; and (ii) Note 11 – Borrowings and Note 7 – Vessels, net, respectively, to the Company’s consolidated financial statements included in the Annual Report. For the three and six month periods ended June 30, 2024, the sublease income (net of commissions, if any) for vessels where the Company is a lessee amounted to $ 23,181 and $ 46,140 , respectively. For the three and six month periods ended June 30, 2023, the sublease income (net of commissions, if any) for vessels where the Company is a lessee amounted to $ 22,080 and $ 39,865 , respectively. Sublease income is presented under the caption “Time charter and voyage revenues” in the condensed Consolidated Statements of Operations. As of June 30, 2024, the weighted average useful life of the remaining finance lease terms was 8. 3 years. The table below provides the total amount of lease payments and options to acquire vessels for the next five 12-month periods ending June 30 on an undiscounted basis under the Company’s finance leases as of June 30, 2024: Period Amount 2025 $ 154,762 2026 36,753 2027 36,307 2028 35,997 2029 35,557 2030 and thereafter 311,545 Total $ 610,921 Finance lease liabilities, including current portion (see Note 6 – Borrowings) $ 444,901 Discount based on incremental borrowing rate $ 166,020 Bareboat charter-out contract Subsequently to the bareboat charter-in agreement, the Company entered into bareboat charter-out agreements for a firm charter period of ten years for the Baghdad and the Erbil and an extra optional period of five years, for both vessels, and for a firm period of up to two-years, extended for an additional period of five years for the Nave Celeste. The Company performed also an assessment of the lease classification under the ASC 842 and concluded that the agreements are operating leases. The Company recognizes in relation to the operating leases for the bareboat charter-out agreements the bareboat charter-out hire income in the condensed Consolidated Statements of Operations on a straight-line basis. For the three and six month periods ended June 30, 2024, the charter hire income (net of commissions, if any) amounted to $ 8,465 and $ 16,530 , respectively. For the three and six month periods ended June 30, 2023 the charter hire income (net of commissions, if any) am ounted to $ 8,065 and $ 16,042 , respectively. Charter hire income (net of commissions, if any) is presented under the caption “Time charter and voyage revenues” in the condensed Consolidated Statements of Operations.

Interest Expense and Finance Co

Interest Expense and Finance Cost, Net	6 Months Ended
	Jun. 30, 2024
Interest and Debt Expense [Abstract]
Interest Expense and Finance Cost, Net	NOTE 14 – INTEREST EXPENSE AND FINANCE COST, NET Interest expense and finance cost, net for the three and six month periods ended June 30, 2024 and 2023 consisted of the following: Three Month Period Ended June 30, 2024 Three Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2024 Six Month Period Ended June 30, 2023 (unaudited) (unaudited) (unaudited) (unaudited) Interest expense incurred on credit facilities and financial liabilities $ 26,842 $ 28,256 $ 52,789 $ 56,235 Interest expense incurred on finance lease liabilities 7,783 7,457 15,817 12,622 Interest expense capitalized related to deposits for vessel acquisitions ( 6,500 ) ( 5,029 ) ( 12,637 ) ( 8,793 ) Amortization of finance charges and other finance costs 2,131 2,825 3,873 5,742 Discount effect of long-term assets ( 169 ) ( 179 ) ( 346 ) 3,048 Total interest expense and finance cost, net $ 30,087 $ 33,330 $ 59,496 $ 68,854 Interest expense incurred on deposits for vessels acquisitions was initially capitalized under the caption “Deposits for vessels acquisitions” in the condensed Consolidated Balance Sheets.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	NOTE 15 – SUBSEQUENT EVENTS In July 2024, Navios Partners took delivery of the Zim Falcon and the Zim Pelican, two 2024 -built 5,300 TEU Containerships (See Note 10 – Commitments and contingencies). In July and August 2024, Navios Partners agreed to sell two 2009 -built MR2 Product Tanker vessels of 50,542 dwt and 50,470 dwt, respectively, a 2005 -built Post-Panamax vessel of 87,052 dwt and a 2006 -built Kamsarmax vessel of 82,790 dwt, to unrelated third parties, for aggregate gross sale proceeds of $ 78,480 . The sale of the 2005 -built Post-Panamax vessel of 87,052 dwt was completed on August 26, 2024 and the sales of the remaining three vessels are expected to be completed during the second half of 2024 . The aggregate gain on sale of the above vessels is expected to be approximately $ 29,752 . In July and September 2024, Navios Partners acquired from unrelated third parties, the Navios Citrine, a previously chartered-in 2017 -built Kamsarmax vessel of 81,626 dwt, the Navios Dolphin, a previously chartered-in 2017 -built Kamsarmax vessel of 81,630 dwt and the Navios Amber, a previously chartered-in 2015 -built Kamsarmax vessel of 80,994 dwt, for an aggregate purchase price of $ 88,044 . In August 2024, Navios Partners took delivery of the Nave Polaris, a 2024 -built Aframax/LR2 vessel of 115,699 dwt and the Zim Seagull, a 2024 -built 5,300 TEU Containership (See Note 10 – Commitments and contingencies).

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
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 Partners’ consolidated balance sheets, statement of partners’ capital, statements of operations and cash flows 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 Partners’ annual report for the year ended December 31, 2023 filed on Form 20-F on April 3, 2024 (the “Annual Report”) with the U.S. Securities and Exchange Commission (“SEC”). Based on internal forecasts and projections that take into account reasonably possible changes in Company’s trading performance, management believes that the Company has adequate financial resources, including cash from sale of vessels (Note 15 – Subsequent events) 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 12 months from the date of issuance of these condensed consolidated financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing its 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. It should be noted that since the Company employs Ukrainian and Russian seafarers, it may face problems in relation to their employment, repatriation, salary payments and be subject to claims in this regard. In addition, the increased attacks in the Red Sea caused ships to avoid the use of the Red Sea and transits of the Suez Canal. Notwithstanding the foregoing and Israel’s war in Gaza, it is possible that these tensions and activities might eventually have an adverse impact on the Company’s business, financial condition, results of operations and cash flows. Interest rates have increased significantly as central banks in Europe, United States and other developed countries have raised interest rates. The tighter monetary policy and higher long-term interest rates result in a higher cost of capital for the Company.
Principles of consolidation	( b) Principles of consolidation: The accompanying interim condensed consolidated financial statements include Navios Partners’ wholly owned subsidiaries incorporated under the laws of the Republic of the Marshall Islands, Liberia, Malta, Delaware, Cayman Islands, Hong Kong, British Virgin Islands, Luxemburg and Belgium from their dates of incorporation or from the date of acquiring control or, for chartered-in vessels, from the dates charter-in agreements were in effect. All significant inter-company balances and transactions have been eliminated in Navios Partners’ condensed consolidated financial statements. Navios Partners also consolidates entities that are determined to be variable interest entities (“VIE”) as defined in the accounting guidance, if it determines that it is the primary beneficiary. A VIE is defined as a legal entity where either (i) equity interest holders as a group lack the characteristics of a controlling financial interest, including decision making ability and an interest in the entity’s residual risks and rewards, (ii) the equity holders have not provided sufficient equity investment to permit the entity to finance its activities without additional subordinated financial support, or (iii) the voting rights of some investors are not proportional to their obligations to absorb the expected losses of the entity, their rights to receive the expected residual returns of the entity, or both and substantially all of the entity’s activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights. Subsidiaries: Subsidiaries are those entities in which Navios Partners has an interest of more than one half of the voting rights or otherwise has power to govern the financial and operating policies of the entity. A discussion of the Company’s significant accounting policies can be found in Note 2 – Summary of significant accounting policies to the Company’s consolidated financial statements included in the Annual Report. There have been no material changes to these policies in the six month period ended June 30, 2024.
Revenue and Expense Recognition	(c) Revenue and Expense Recognition: Revenue from time chartering and bareboat chartering Revenues from time chartering and bareboat chartering of vessels are accounted for as operating leases and are thus recognized on a straight line basis as the average lease revenue over the rental periods of such charter agreements, as service is performed. A time charter involves placing a vessel at the charterers’ disposal for a period of time during which the charterer uses the vessel in return for the payment of a specified daily hire rate. Short period charters for less than three months are referred to as spot-charters. Charters extending three months to a year are generally referred to as medium-term charters. All other charters are considered long-term. The Company has determined to recognize lease revenue as a combined single lease component for all time charters (operating leases) as the related lease component and non-lease components will have the same timing and pattern of the revenue recognition of the combined single lease component. The performance obligations in a time charter contract are satisfied over term of the contract beginning when the vessel is delivered to the charterer until it is redelivered back to the Company. Under time charters, operating costs such as for crews, maintenance and insurance are typically paid by the owner of the vessel. Revenue from time chartering and bareboat chartering of vessels amounted to $ 301,435 and $ 300,689 for the three month periods ended June 30, 2024 and 2023, respectively. Revenue from time chartering and bareboat chartering of vessels amounted to $ 571,696 and $ 568,361 for the six month periods ended June 30, 2024 and 2023, respectively. Revenue from voyage charters 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. Upon adoption of ASC 606, the Company recognizes revenue ratably from port of loading 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. Revenue from voyage contracts amounted to $ 32,729 and $ 31,302 for the three month periods ended June 30, 2024 and 2023, respectively. Revenue from voyage contracts amounted to $ 70,870 and $ 55,052 for the six month periods ended June 30, 2024 and 2023, respectively. Revenue from pooling arrangements For vessels operating in pooling arrangements, the Company earns a portion of total revenues generated by the pool, net of expenses incurred by the pool. The amount allocated to each pool participant vessel, including the Company’s vessels, is determined in accordance with an agreed-upon formula, which is determined by points awarded to each vessel in the pool based on the vessel’s age, design and other performance characteristics. Revenue under pooling arrangements is accounted for as variable rate operating leases under the scope of ASC 842 and is recognized for the applicable period when collectability is reasonably assured. The allocation of such net revenue may be subject to future adjustments by the pool however, such changes are not expected to be material. The Company recognizes net pool revenue on a monthly and quarterly basis, when the vessel has participated in a pool during the period and the amount of pool revenue can be estimated reliably based on the pool report. Revenue from vessels operating in pooling arrangements amounted to $ 7,991 and $ 14,947 for the three month periods ended June 30, 2024 and 2023, respectively. Revenue from vessels operating in pooling arrangements amounted to $ 18,144 and $ 32,997 for the six month periods ended June 30, 2024 and 2023, respectively. Revenue from profit-sharing Profit-sharing revenues are calculated at an agreed percentage of the excess of the charterer’s average daily income (calculated on a quarterly or semi-annual basis) over an agreed amount and accounted for on an accrual basis based on provisional amounts and for those contracts that provisional accruals cannot be made due to the nature of the profit sharing elements, these are accounted for on the actual cash settlement or when such revenue becomes determinable. Profit-sharing revenue amounted to $ 0 for each of the three month periods ended June 30, 2024 and 2023. Profit-sharing revenue amounted to $ 0 and $ 50 for the six month periods ended June 30, 2024 and 2023, respectively. 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 or freight 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements: These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in Navios Partners’ Annual Report.

Cash and Cash Equivalents and_2

Cash and Cash Equivalents and Restricted Cash and Other Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	June 30, 2024 December 31, 2023 Cash and cash equivalents $ 271,989 $ 240,378 Restricted cash 7,855 8,797 Total cash and cash equivalents and restricted cash $ 279,844 $ 249,175

Vessels, net (Tables)

Vessels, net (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Vessels, net	Total Vessels Cost Accumulated Net Balance December 31, 2023 $ 4,423,461 $ ( 688,790 ) $ 3,734,671 Additions/ Remeasurement of finance lease liability/ (Depreciation) 349,987 ( 102,604 ) 247,383 Disposals ( 146,341 ) 24,728 ( 121,613 ) Balance June 30, 2024 $ 4,627,107 $ ( 766,666 ) $ 3,860,441 The above balances as of June 30, 2024 are analyzed in the following tables: Owned Vessels Cost Accumulated Net Balance December 31, 2023 $ 3,782,032 $ ( 656,531 ) $ 3,125,501 Additions/ (Depreciation) 324,561 ( 89,988 ) 234,573 Disposals ( 101,640 ) 20,364 ( 81,276 ) Balance June 30, 2024 $ 4,004,953 $ ( 726,155 ) $ 3,278,798 Right-of-use assets under finance lease Cost Accumulated Net Balance December 31, 2023 $ 641,429 $ ( 32,259 ) $ 609,170 Remeasurement of finance lease liability/ (Depreciation) 25,426 ( 12,616 ) 12,810 Transfers to owned vessels ( 44,701 ) 4,364 ( 40,337 ) Balance June 30, 2024 $ 622,154 $ ( 40,511 ) $ 581,643

Intangible Assets and Liabili_2

Intangible Assets and Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Liabilities - Intangible Assets, Favorable Lease	Cost Accumulated Net Book Value Favorable lease terms December 31, 2023 $ 211,644 $ ( 151,213 ) $ 60,431 Amortization — ( 9,079 ) ( 9,079 ) Favorable lease terms June 30, 2024 $ 211,644 $ ( 160,292 ) $ 51,352
Intangible Assets and Liabilities - Amortization of Favorable Lease Terms	Three Month Period Ended June 30, 2024 Three Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2024 Six Month Period Ended June 30, 2023 Favorable lease terms $ ( 4,540 ) $ ( 4,539 ) $ ( 9,079 ) $ ( 9,207 ) Total $ ( 4,540 ) $ ( 4,539 ) $ ( 9,079 ) $ ( 9,207 )
Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets	Period Amount 2025 $ 17,702 2026 11,182 2027 5,115 2028 4,982 2029 4,982 2030 and thereafter 7,389 Total $ 51,352
Intangible Assets And Liabilities - Intangible Liabilities, Unfavorable Lease	Cost Accumulated Net Book Value Unfavorable lease terms December 31, 2023 $ 231,407 $ ( 203,423 ) $ 27,984 Amortization — ( 6,307 ) ( 6,307 ) Unfavorable lease terms June 30, 2024 $ 231,407 $ ( 209,730 ) $ 21,677
Intangible Assets And Liabilities - Amortization of Unfavorable Lease Terms	Three Month Period Ended June 30, 2024 Three Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2024 Six Month Period Ended June 30, 2023 Unfavorable lease terms $ 3,171 $ 5,322 $ 6,307 $ 12,910 Total $ 3,171 $ 5,322 $ 6,307 $ 12,910
Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities	Period Amount 2025 $ 12,204 2026 9,473 2027 — 2028 — 2029 — 2030 and thereafter — Total $ 21,677

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Borrowings	Borrowings as of June 30, 2024 and December 31, 2023 consisted of the following: June 30, 2024 December 31, 2023 Credit facilities $ 1,019,721 $ 908,288 Financial liabilities 522,913 502,275 Finance lease liabilities 444,901 468,414 Total borrowings $ 1,987,535 $ 1,878,977 Less: Current portion of long-term borrowings, net ( 529,651 ) ( 285,036 ) Less: Deferred finance costs, net ( 20,321 ) ( 17,514 ) Long-term borrowings, net $ 1,437,563 $ 1,576,427
Borrowings - Maturities of Long Term Debt	The maturity table below reflects the principal payments for the next five 12-month periods ending June 30 of all borrowings of Navios Partners outstanding as of June 30, 2024, based on the repayment schedules of the respective credit facilities, financial liabilities and finance lease liabilities. Period Amount 2025 $ 535,500 2026 311,344 2027 226,902 2028 210,149 2029 136,541 2030 and thereafter 567,099 Total $ 1,987,535

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	June 30, 2024 December 31, 2023 Book Fair Book Fair Cash and cash equivalents $ 271,989 $ 271,989 $ 240,378 $ 240,378 Restricted cash $ 7,855 $ 7,855 $ 8,797 $ 8,797 Other investments $ 38,543 $ 38,543 $ 47,000 $ 47,000 Amounts due from related parties, short-term $ 29,784 $ 29,784 $ — $ — Amounts due from related parties, long-term $ — $ — $ 39,570 $ 39,570 Amounts due to related parties, short-term $ — $ — $ ( 32,026 ) $ ( 32,026 ) Credit facilities and financial liabilities, including current portion, net $ ( 1,522,313 ) $ ( 1,542,634 ) $ ( 1,393,049 ) $ ( 1,410,563 )
Fair Value Measurements - Fair Value Measurements on a Nonrecurring Basis	Fair Value Measurements as at June 30, 2024 Total Level I Level II Level III Cash and cash equivalents $ 271,989 $ 271,989 $ — $ — Restricted cash $ 7,855 $ 7,855 $ — $ — Other investments $ 38,543 $ 38,543 $ — $ — Amounts due from related parties, short-term $ 29,784 $ — $ 29,784 $ — Credit facilities and financial liabilities, including current portion, net (1) $ ( 1,542,634 ) $ — $ ( 1,542,634 ) $ — Fair Value Measurements as at December 31, 2023 Total Level I Level II Level III Cash and cash equivalents $ 240,378 $ 240,378 $ — $ — Restricted cash $ 8,797 $ 8,797 $ — $ — Other investments $ 47,000 $ 47,000 $ — $ — Amounts due from related parties, long-term $ 39,570 $ — $ 39,570 $ — Amounts due to related parties, short-term $ ( 32,026 ) $ — $ ( 32,026 ) $ — Credit facilities and financial liabilities, including current portion, net (1) $ ( 1,410,563 ) $ — $ ( 1,410,563 ) $ — (1) The fair value of the Company’s credit facilities and financial liabilities is estimated based on currently available credit facilities, financial liabilities, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness.
Fair Value Measurements - Fair Value of Assets Measured at Fair Value on a Non-recurring Basis	As of June 30, 2024, the estimated fair value of the Company’s vessels measured at fair value on a non-recurring basis, is based on the third party valuation reports and is categorized based upon the fair value hierarchy as follows: Fair Value Measurements as at June 30, 2024 Total Level I Level II Level III Vessels $ 25,510 $ — $ 25,510 $ — Fair Value Measurements as at December 31, 2023 Total Level I Level II Level III Operating leases $ 3,595 $ — $ — $ 3,595

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies - Future minimum contractual obligations	Period Amount 2025 $ — 2026 3,310 2027 12,837 2028 18,666 2029 18,615 2030 and thereafter 132,867 Total $ 186,295

Cash Distributions and Earnin_2

Cash Distributions and Earnings per Unit (Tables)	6 Months Ended
	Jun. 30, 2024
Cash Distributions And Earnings Per Unit
Cash Distributions and Earnings per Unit - Schedule of Incentive Distributions Made To General Partners Or Unitholders By Distribution	Marginal Percentage Interest in Distributions Total Quarterly Distribution Target Amount Common Unitholders Incentive Distribution Right Holder General Partner Minimum Quarterly Distribution up to $ 5.25 98 % — 2 % First Target Distribution up to $ 6.0375 98 % — 2 % Second Target Distribution above $ 6.0375 up to $ 6.5625 85 % 13 % 2 % Third Target Distribution above $ 6.5625 up to $ 7.875 75 % 23 % 2 % Thereafter above $ 7.875 50 % 48 % 2 %
Cash Distributions and Earnings per Unit - Schedule of Earnings per Unit, Basic and Diluted	Three Month Period Ended June 30, 2024 Three Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2024 Six Month Period Ended June 30, 2023 (unaudited) (unaudited) (unaudited) (unaudited) Net income $ 101,469 $ 112,308 $ 174,830 $ 211,473 Income attributable to: Common unitholders $ 99,439 $ 110,062 $ 171,333 $ 207,245 Weighted average units outstanding basic Common unitholders 30,162,905 30,183,387 30,173,646 30,183,387 Earnings per unit basic: Common unitholders $ 3.30 $ 3.65 $ 5.68 $ 6.87 Weighted average units outstanding diluted Common unitholders 30,162,905 30,184,388 30,173,646 30,184,388 Earnings per unit diluted: Common unitholders $ 3.30 $ 3.65 $ 5.68 $ 6.87 Earnings per unit distributed basic: Common unitholders $ 0.05 $ 0.05 $ 0.10 $ 0.10 Earnings per unit distributed diluted: Common unitholders $ 0.05 $ 0.05 $ 0.10 $ 0.10

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases
Leases - Operating Leases	Period Amount 2025 $ 38,372 2026 38,340 2027 37,891 2028 37,312 2029 36,632 2030 and thereafter 131,260 Total $ 319,807 Operating lease liabilities, including current portion $ 253,022 Discount based on incremental borrowing rate $ 66,785
Leases - Finance Leases	Period Amount 2025 $ 154,762 2026 36,753 2027 36,307 2028 35,997 2029 35,557 2030 and thereafter 311,545 Total $ 610,921 Finance lease liabilities, including current portion (see Note 6 – Borrowings) $ 444,901 Discount based on incremental borrowing rate $ 166,020

Interest Expense and Finance _2

Interest Expense and Finance Cost, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Interest and Debt Expense [Abstract]
Schedule of Interest Expense and Finance Cost, Net	Interest expense and finance cost, net for the three and six month periods ended June 30, 2024 and 2023 consisted of the following: Three Month Period Ended June 30, 2024 Three Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2024 Six Month Period Ended June 30, 2023 (unaudited) (unaudited) (unaudited) (unaudited) Interest expense incurred on credit facilities and financial liabilities $ 26,842 $ 28,256 $ 52,789 $ 56,235 Interest expense incurred on finance lease liabilities 7,783 7,457 15,817 12,622 Interest expense capitalized related to deposits for vessel acquisitions ( 6,500 ) ( 5,029 ) ( 12,637 ) ( 8,793 ) Amortization of finance charges and other finance costs 2,131 2,825 3,873 5,742 Discount effect of long-term assets ( 169 ) ( 179 ) ( 346 ) 3,048 Total interest expense and finance cost, net $ 30,087 $ 33,330 $ 59,496 $ 68,854

Description of Business (Detail

Description of Business (Details Narrative)	6 Months Ended
	Jun. 30, 2024 Entity shares	Dec. 31, 2023 shares
Formation date	August 7, 2007
Country of incorporation	Republic of the Marshall Islands
Common units outstanding	30,083,850	30,184,388
General partner units oustanding	622,296	622,296
Number of entity affiliated | Entity	4
Navios Holdings [Member]
Common units outstanding	4,672,314
Ownership percentage of Navios Holdings	16.80%
Olympos Maritime Ltd [Member]
General partner units oustanding	622,296
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	2%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Time Chartering and Bareboat Chartering [Member]
Operating lease, lease income	$ 301,435	$ 300,689	$ 571,696	$ 568,361
Voyage Contracts [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	32,729	31,302	70,870	55,052
Pooling Arrangements [Member]
Operating lease, lease income	7,991	14,947	18,144	32,997
Profit Sharing [Member]
Operating lease, lease income	$ 0	$ 0	$ 0	$ 50

Cash and Cash Equivalents and_3

Cash and Cash Equivalents and Restricted Cash and Other Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 271,989	$ 240,378
Restricted cash	7,855	8,797
Total cash and cash equivalents and restricted cash	$ 279,844	$ 249,175	$ 270,052	$ 175,098

Cash and Cash Equivalents and_4

Cash and Cash Equivalents and Restricted Cash and Other Investments (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Other investments	$ 38,543	$ 47,000

Vessels, net (Details)

Vessels, net (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Property, Plant and Equipment [Line Items]
Beginning balance	$ 3,734,671
Ending balance	3,860,441
Vessels [Member] | Cost [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	4,423,461
Additions/ Remeasurement of finance lease liability/ (Depreciation)	349,987
Disposals	(146,341)
Ending balance	4,627,107
Vessels [Member] | Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	(688,790)
Additions/ Remeasurement of finance lease liability/ (Depreciation)	(102,604)
Disposals	24,728
Ending balance	(766,666)
Vessels [Member] | Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	3,734,671
Additions/ Remeasurement of finance lease liability/ (Depreciation)	247,383
Disposals	(121,613)
Ending balance	3,860,441
Owned Vessels [Member] | Cost [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	3,782,032
Additions/ Remeasurement of finance lease liability/ (Depreciation)	324,561
Disposals	(101,640)
Ending balance	4,004,953
Owned Vessels [Member] | Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	(656,531)
Additions/ Remeasurement of finance lease liability/ (Depreciation)	(89,988)
Disposals	20,364
Ending balance	(726,155)
Owned Vessels [Member] | Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	3,125,501
Additions/ Remeasurement of finance lease liability/ (Depreciation)	234,573
Disposals	(81,276)
Ending balance	3,278,798
Right-of-use assets under finance lease [Member] | Cost [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	641,429
Additions/ Remeasurement of finance lease liability/ (Depreciation)	25,426
Transfers to owned vessels	(44,701)
Ending balance	622,154
Right-of-use assets under finance lease [Member] | Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	(32,259)
Additions/ Remeasurement of finance lease liability/ (Depreciation)	(12,616)
Transfers to owned vessels	4,364
Ending balance	(40,511)
Right-of-use assets under finance lease [Member] | Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	609,170
Additions/ Remeasurement of finance lease liability/ (Depreciation)	12,810
Transfers to owned vessels	(40,337)
Ending balance	$ 581,643

Vessels, net (Details Narrative

Vessels, net (Details Narrative) $ in Thousands

1 Months Ended

3 Months Ended

6 Months Ended

Jun. 03, 2024 USD ($) Capacity

May 13, 2024 USD ($) Capacity

Apr. 08, 2024 USD ($) Capacity

Jan. 25, 2024 USD ($) Capacity

Jun. 21, 2023 USD ($) Capacity

May 10, 2023 USD ($) Capacity

Apr. 27, 2023 USD ($) Capacity

Mar. 29, 2023 USD ($) Capacity

Mar. 06, 2023 USD ($) Capacity

Feb. 05, 2023 USD ($) Capacity

Jun. 30, 2024 USD ($) Capacity

Jun. 30, 2024 USD ($)

Jun. 30, 2023 USD ($)

Jun. 30, 2024 USD ($) Vessel

Jun. 30, 2023 USD ($)

Dec. 31, 2023 USD ($)

Property, Plant and Equipment [Line Items]

Finance Lease, Liability, Current

$ 207,302

$ 207,302

$ 207,302

$ 138,696

Payments for Capital Improvements

211,187

$ 70,574

Proceeds from Sale of Property, Plant, and Equipment

91,400

215,839

Gain (Loss) on Disposition of Property Plant Equipment

7,256

$ 10,151

9,133

43,601

Property, Plant and Equipment, Net

3,860,441

3,860,441

3,860,441

$ 3,734,671

Vessels [Member]

Property, Plant and Equipment [Line Items]

Payments for Capital Improvements

10,284

21,342

Navios Amber [Member]

Property, Plant and Equipment [Line Items]

Increase in finance lease liability

26,062

Finance Lease, Liability, Current

163,216

163,216

163,216

Navios Carol [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2016

Vessel capacity in DWT | Capacity

84,904

Payments to Acquire Property, Plant, and Equipment

$ 28,789

Vessel type

Kamsarmax

Property, Plant and Equipment, Transfers and Changes

$ 40,495

Zim Hawk [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2024

Vessel capacity in DWT | Capacity

5,300

Vessel type

Containership

Capitalized expenses

$ 6,258

Property, Plant and Equipment, Additions

$ 69,083

Nave Cosmos [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2024

Vessel capacity in DWT | Capacity

115,651

Vessel type

Aframax/LR2

Capitalized expenses

$ 5,210

Property, Plant and Equipment, Additions

$ 67,868

Zim Condor [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2024

Vessel capacity in DWT | Capacity

5,300

Vessel type

Containership

Capitalized expenses

$ 6,318

Property, Plant and Equipment, Additions

$ 69,143

Zim Eagle [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2024

Vessel capacity in DWT | Capacity

5,300

Vessel type

Containership

Capitalized expenses

$ 6,107

Property, Plant and Equipment, Additions

$ 67,707

Navios Amethyst [Member]

Property, Plant and Equipment [Line Items]

Increase in finance lease liability

$ 2,346

Vessel year built

2023

Vessel capacity in DWT | Capacity

182,212

Finance Lease, Right-of-Use Asset, before Accumulated Amortization

$ 63,690

Vessel type

Capesize

Navios Sakura [Member]

Property, Plant and Equipment [Line Items]

Increase in finance lease liability

$ 2,579

Vessel year built

2023

Vessel capacity in DWT | Capacity

182,169

Finance Lease, Right-of-Use Asset, before Accumulated Amortization

$ 49,770

Vessel type

Capesize

Navios Altair [Member]

Property, Plant and Equipment [Line Items]

Increase in finance lease liability

$ 2,815

Vessel year built

2023

Vessel capacity in DWT | Capacity

182,115

Finance Lease, Right-of-Use Asset, before Accumulated Amortization

$ 45,934

Vessel type

Capesize

Navios Felix [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2016

Vessel capacity in DWT | Capacity

181,221

Payments to Acquire Property, Plant, and Equipment

$ 42,879

Vessel type

Capesize

Capitalized expenses

$ 1,600

Property, Plant and Equipment, Transfers and Changes

$ 53,232

Navios Meridian [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2023

Vessel capacity in DWT | Capacity

82,010

Vessel type

Kamsarmax

Property, Plant and Equipment, Additions

$ 35,605

Four vessels sold [Member]

Property, Plant and Equipment [Line Items]

Proceeds from Sale of Property, Plant, and Equipment

91,400

Gain (Loss) on Disposition of Property Plant Equipment

16,747

Dry dock and special survey costs, net

$ 991

991

991

Twelve vessels sold [Member]

Property, Plant and Equipment [Line Items]

Proceeds from Sale of Property, Plant, and Equipment

215,839

Gain (Loss) on Disposition of Property Plant Equipment

43,601

Dry dock and special survey costs, net

$ 11,078

$ 11,078

Navios Venus [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2015

Vessel capacity in DWT | Capacity

61,339

Finance Lease, Right-of-Use Asset, before Accumulated Amortization

$ 27,463

$ 27,463

$ 27,463

Vessel type

Ultra-Handymax

Dry bulk vessels [Member]

Property, Plant and Equipment [Line Items]

Vessel type

dry bulk

Number of long lived assets in which impairment indicators present | Vessel

2

Asset Impairment Charges

$ 7,614

Vessels Agreed To Be Sold [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2008

Vessel capacity in DWT | Capacity

63,599

Vessel type

LR1

Proceeds from Sale of Property, Plant, and Equipment

$ 21,583

Property, Plant and Equipment, Net

$ 14,246

Intangible Assets and Liabili_3

Intangible Assets and Liabilities - Intangible Assets, Favorable Lease (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 60,431
Ending balance	51,352
Cost [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	211,644
Amortization	0
Ending balance	211,644
Accumutaled Amortization [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	(151,213)
Amortization	(9,079)
Ending balance	(160,292)
Net Book Value [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	60,431
Amortization	(9,079)
Ending balance	$ 51,352

Intangible Assets and Liabili_4

Intangible Assets and Liabilities - Amortization of Favorable Lease Terms (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Favorable lease terms	$ (4,540)	$ (4,539)	$ (9,079)	$ (9,207)
Total	$ (4,540)	$ (4,539)	$ (9,079)	$ (9,207)

Intangible Assets and Liabili_5

Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 17,702
2026	11,182
2027	5,115
2028	4,982
2029	4,982
2030 and thereafter	7,389
Total	$ 51,352	$ 60,431

Intangible Assets And Liabili_6

Intangible Assets And Liabilities - Intangible Liabilities, Unfavorable Lease (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Cost [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 231,407
Amortization	0
Ending balance	231,407
Accumulated Depreciation [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	(203,423)
Amortization	(6,307)
Ending balance	(209,730)
Net Book Value [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	27,984
Amortization	(6,307)
Ending balance	$ 21,677

Intangible Assets And Liabili_7

Intangible Assets And Liabilities - Amortization of Unfavorable Lease Terms (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Unfavorable lease terms	$ 3,171	$ 5,322	$ 6,307	$ 12,910
Total	$ 3,171	$ 5,322	$ 6,307	$ 12,910

Intangible Assets And Liabili_8

Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 12,204
2026	9,473
2027	0
2028	0
2029	0
2030 and thereafter	0
Total	$ 21,677	$ 27,984

Intangible Assets and Liabili_9

Intangible Assets and Liabilities (Details Narrative)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization method	straight-line
Remaining favorable lease terms	4 years 8 months 12 days
Amortization method	straight-line
Remaining unfavorable lease terms	1 year 9 months 18 days

Borrowings (Details)

Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Credit facilities	$ 1,019,721	$ 908,288
Financial liabilities	522,913	502,275
Finance lease liabilities	444,901	468,414
Total borrowings	1,987,535	1,878,977
Less: Current portion of long-term borrowings, net	(529,651)	(285,036)
Less: Deferred finance costs, net	(20,321)	(17,514)
Long-term borrowings, net	$ 1,437,563	$ 1,576,427

Borrowings - Credit Facilities

Borrowings - Credit Facilities (Details Narrative)

1 Months Ended

6 Months Ended

12 Months Ended

Jun. 28, 2024 USD ($)

Jun. 26, 2024 USD ($) Tranches

Apr. 29, 2024 USD ($)

Feb. 20, 2024 USD ($)

Jan. 03, 2024 USD ($)

Dec. 15, 2023 USD ($)

Jul. 24, 2023

Jun. 12, 2023 USD ($)

Feb. 16, 2023 USD ($)

Sep. 05, 2022 USD ($)

Dec. 13, 2021 USD ($)

Dec. 07, 2021 USD ($)

Aug. 19, 2021 USD ($)

Aug. 31, 2024 USD ($)

Jul. 31, 2024 USD ($)

May 31, 2024 USD ($)

Jan. 31, 2023 USD ($)

Nov. 30, 2022 USD ($)

Sep. 30, 2022 USD ($)

Jun. 30, 2024 USD ($)

Dec. 31, 2023 USD ($)

Debt Instrument [Line Items]

Amount drawn down

$ 1,019,721,000

$ 908,288,000

Total Borrowings [Member]

Debt Instrument [Line Items]

Credit facilities and financial liabilities, including current portion, net - Book Value

$ (1,967,214,000)

ABN Amro Bank N.V [Member]

Debt Instrument [Line Items]

Line of credit facility, initiation date

Jun. 26, 2024

Number of loan tranches | Tranches

2

Long-term debt, description

to refinance the existing indebtedness of two of its vessels and to finance part of the acquisition cost of four dry bulk vessels.

Amount drawn down

$ 45,000,000

Maturity date

five years after each drawdown date

Debt instrument, description of variable rate basis

Compounded SOFR

Debt instrument, basis spread on variable rate

1.75%

Line of credit facility, maximum borrowing capacity

$ 95,000,000

ABN Amro Bank N.V [Member] | First Tranche [Member]

Debt Instrument [Line Items]

Amount drawn down

$ 45,000,000

ABN Amro Bank N.V [Member] | Subsequent Event [Member]

Debt Instrument [Line Items]

Amount drawn down

$ 34,242,000

Line of credit facility, remains to be drawn

15,758,000

Nordea Bank ABP [Member]

Debt Instrument [Line Items]

Line of credit facility, initiation date

Jan. 03, 2024

Long-term debt, description

to refinance three tankers.

Amount drawn down

$ 38,758,000

Maturity date

first quarter of 2029

Debt instrument, description of variable rate basis

Compounded SOFR

Debt instrument, basis spread on variable rate

1.95%

Line of credit facility, maximum borrowing capacity

$ 40,000,000

BNP Paribas [Member]

Debt Instrument [Line Items]

Line of credit facility, initiation date

Jun. 12, 2023

Description of scope, credit facility

to refinance the existing indebtedness of nine of its containerships.

Amount drawn down

$ 27,924,000

Prepayments of debt

$ 3,990,000

Maturity date

second quarter of 2026

Debt instrument, description of variable rate basis

Compounded SOFR

Debt instrument, basis spread on variable rate

2.50%

Line of credit facility, maximum borrowing capacity

$ 40,000,000

DNB (U K) Limited and Export Import Bank of China Credit Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, initiation date

Feb. 16, 2023

Long-term debt, description

to finance part of the contract price of four newbuilding containerships.

Amount drawn down

$ 120,580,000

Maturity date

ten years after each drawdown date upon the delivery of the respective vessel

Debt instrument, description of variable rate basis

Compounded SOFR

Debt instrument, basis spread on variable rate

1.70%

Line of credit facility, maximum borrowing capacity

$ 161,600,000

DNB (U K) Limited and Export Import Bank of China Credit Facility [Member] | First Tranche [Member]

Debt Instrument [Line Items]

Amount drawn down

$ 121,600,000

DNB (U K) Limited and Export Import Bank of China Credit Facility [Member] | Subsequent Event [Member]

Debt Instrument [Line Items]

Amount drawn down

$ 40,000,000

KFW IPEX-BANK GMBH Credit Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, initiation date

Sep. 30, 2022

Long-term debt, description

to finance part of the acquisition cost of two newbuilding containerships.

Amount drawn down

$ 84,219,000

Maturity date

fourth quarter of 2030 and the first quarter of 2031

Debt instrument, description of variable rate basis

Compounded SOFR

Debt instrument, basis spread on variable rate

2%

Line of credit facility, maximum borrowing capacity

$ 86,240,000

Hamburg Commercial Bank A G210 M Credit Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, initiation date

Sep. 05, 2022

Long-term debt, description

to refinance the existing indebtedness of 20 of its vessels and for working capital purposes.

Amount drawn down

$ 121,867,000

Prepayments of debt

$ 10,239,000

9,756,000

$ 14,182,000

Maturity date

second quarter of 2025

Debt instrument, description of variable rate basis

Compounded SOFR

Debt instrument, basis spread on variable rate

2.50%

Line of credit facility, maximum borrowing capacity

$ 210,000,000

Hamburg Commercial Bank A G210 M Credit Facility [Member] | Subsequent Event [Member]

Debt Instrument [Line Items]

Prepayments of debt

$ 3,593,000

HCOB, Alpha Bank S.A. and National Bank of Greece [Member]

Debt Instrument [Line Items]

Amount drawn down

$ 190,216,000

Description of scope, credit facility

to partially refinance the existing indebtedness of seven tanker vessels.

Amount drawn down

$ 84,715,000

Prepayments of debt

$ 16,568,000

$ 11,440,000

Maturity date

second quarter of 2025

Debt instrument, description of variable rate basis

Compounded SOFR

HCOB, Alpha Bank S.A. and National Bank of Greece [Member] | Minimum [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2.90%

HCOB, Alpha Bank S.A. and National Bank of Greece [Member] | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

3.50%

DNB BANK ASA Credit Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, initiation date

Aug. 19, 2021

Long-term debt, description

to finance part of the acquisition cost of the Navios Azimuth.

Description of scope, credit facility

refinancing of the existing credit facilities of three tanker vessels and two dry bulk vessels.

Prepayments of debt

$ 17,160,000

$ 12,240,000

$ 37,075,000

Line of credit facility, maximum borrowing capacity

$ 72,710,000

$ 18,000,000

Borrowings - Financial Liabilit

Borrowings - Financial Liabilities (Details Narrative) $ in Thousands		1 Months Ended		6 Months Ended
	Mar. 15, 2024 USD ($)	Aug. 31, 2024 USD ($) Capacity	May 31, 2024 USD ($) Vessel capacity in DWT	Jun. 30, 2024 USD ($) Vessel capacity in DWT	Jul. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Sale Leaseback Transaction [Line Items]
Finance lease liabilities				$ 444,901		$ 468,414
Zim Seagull [Member] | Subsequent Event [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built		2024
Vessel type		Containership
Vessel capacity in TEU | Capacity		5,300
Financial Liabilities [Member] | Navios Azimuth [Member]
Sale Leaseback Transaction [Line Items]
Sale leaseback transaction, date				February 2024
Finance lease, liability				$ 16,800
Vessel year built				2011
Vessel type				Capesize
Vessel capacity in DWT | Vessel capacity in DWT				179,169
Amount drawn down	$ 16,800
Finance lease liabilities				$ 16,256
Maturity date				first quarter of 2030
Debt instrument, description of variable rate basis				SOFR
Debt instrument, basis spread on variable rate				2.25%
Financial Liabilities [Member] | One New Building Vessel [Member]
Sale Leaseback Transaction [Line Items]
Sale leaseback transaction, date				January 2024
Vessel type				Aframax/LR2
Vessel capacity in DWT | Vessel capacity in DWT				115,000
Finance lease liabilities				$ 45,260
Maturity date				seven years after the drawdown date
Debt instrument, description of variable rate basis				SOFR
Debt instrument, basis spread on variable rate				1.90%
Financial Liabilities [Member] | Two Containerships And Two Aframax [Member]
Sale Leaseback Transaction [Line Items]
Sale leaseback transaction, date				November 2023
Vessel year built				2024
Vessel type				Aframax/LR2
Vessel capacity in DWT | Vessel capacity in DWT				115,699
Vessel capacity in TEU | Vessel capacity in DWT				5,300
Finance lease liabilities				$ 175,600
Maturity date				ten years after each drawdown date
Debt instrument, description of variable rate basis				SOFR
Debt instrument, basis spread on variable rate				2%
Financial Liabilities [Member] | Two Containerships And Two Aframax [Member] | Subsequent Event [Member]
Sale Leaseback Transaction [Line Items]
Amount drawn down		$ 43,850
Line of credit facility, remains to be drawn					$ 131,750
Financial Liabilities [Member] | Two new building 5,300 TEU containerships and two newbuilding Aframax/ LR2 tanker vessels [Member]
Sale Leaseback Transaction [Line Items]
Sale leaseback transaction, date				May 2023
Finance lease, liability				$ 178,000
Vessel year built				2024
Vessel type				Aframax/LR2
Vessel capacity in DWT | Vessel capacity in DWT				115,651
Vessel capacity in TEU | Vessel capacity in DWT				5,300
Amount drawn down			$ 44,500
Finance lease liabilities				$ 43,970
Maturity date				ten years after each drawdown date
Debt instrument, description of variable rate basis				SOFR
Debt instrument, basis spread on variable rate				2.10%
Financial Liabilities [Member] | Twelve Containerships [Member]
Sale Leaseback Transaction [Line Items]
Sale leaseback transaction, date				October 2022
Finance lease, liability				$ 100,000
Vessel year built			2007
Vessel capacity in TEU | Vessel capacity in DWT			3,450
Finance lease liabilities				$ 55,223
Debt instrument, description of variable rate basis				Term SOFR
Debt instrument, basis spread on variable rate				2.10%
Drawn down date				October 31, 2022
Line of credit discount				$ 800
Prepayment of sale and leaseback transaction			$ 4,411
Financial Liabilities [Member] | Zim Seagull [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built				2024
Vessel capacity in TEU | Vessel capacity in DWT				5,300
Financial Liabilities [Member] | Zim Seagull [Member] | Subsequent Event [Member]
Sale Leaseback Transaction [Line Items]
Amount drawn down		$ 44,500
Line of credit facility, remains to be drawn					$ 89,000

Borrowings - Finance Lease Liab

Borrowings - Finance Lease Liabilities (Details Narrative) $ in Thousands	1 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($) Capacity	Jun. 30, 2024 USD ($) Capacity	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023
Sale Leaseback Transaction [Line Items]
Finance lease liabilities	$ 444,901	$ 444,901	$ 468,414
Payments related to finance lease liabilities	$ 20,307	$ 20,307		$ 12,119
Debt instrument, covenant description		The Company’s credit facilities and certain financial liabilities also require compliance with a number of financial covenants, including: (i) maintain a required security ranging over 110% to 140%; (ii) minimum free consolidated liquidity in an amount equal to $500 per owned vessel and a number of vessels as defined in the Company’s credit facilities and financial liabilities; (iii) maintain a ratio of EBITDA to interest expense of at least 2.00:1.00; (iv) maintain a ratio of total liabilities or total debt to total assets (as defined in the Company’s credit facilities and financial liabilities) ranging from less than 0.75 to 0.80; and (v) maintain a minimum net worth of $135,000.
Debt instrument, covenant compliance		As of June 30, 2024, Navios Partners was in compliance with the financial covenants and/or the prepayments and/or the cure provisions, as applicable, in each of its credit facilities and certain financial liabilities.
Long-term debt, weighted average interest rate	7.10%	7.10%		7.20%	7.40%
Navios Venus [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built	2015
Vessel type	Ultra-Handymax
Vessel capacity in DWT | Capacity	61,339
Navios Amber [Member]
Sale Leaseback Transaction [Line Items]
Increase in finance lease liability		$ 26,062
Finance Lease Liabilities [Member] | Navios Venus [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built	2015
Vessel type	Ultra-Handymax
Vessel capacity in DWT | Capacity	61,339
Finance lease liabilities	$ 27,383	$ 27,383
Lessee, finance lease, discount rate	6%	6%
Finance Lease Liabilities [Member] | Navios Coral [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built		2016
Vessel type		Kamsarmax
Vessel capacity in DWT | Capacity		84,904
Term of Contract		three-year
Lessee, finance lease, discount rate	6%	6%
Decrease in finance lease liability		$ 636
Finance Lease Liabilities [Member] | Navios Amber [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built		2015
Vessel type		Kamsarmax
Vessel capacity in DWT | Capacity		80,994
Term of Contract		one-year
Finance lease liabilities	$ 31,009	$ 31,009
Lessee, finance lease, discount rate	6%	6%
Date of delivery		July 29, 2022
Increase in finance lease liability		$ 592
Finance Lease Liabilities [Member] | Navios Citrine [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built		2017
Vessel type		Kamsarmax
Vessel capacity in DWT | Capacity		81,626
Term of Contract		three-year
Finance lease liabilities	$ 26,140	$ 26,140
Lessee, finance lease, discount rate	6%	6%
Decrease in finance lease liability		$ 969
Finance Lease Liabilities [Member] | Navios Dolphin [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built		2017
Vessel type		Kamsarmax
Vessel capacity in DWT | Capacity		81,630
Term of Contract		three-year
Finance lease liabilities	$ 26,164	$ 26,164
Lessee, finance lease, discount rate	6%	6%
Decrease in finance lease liability		$ 1,024

Borrowings - Maturities of Long

Borrowings - Maturities of Long Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
2025	$ 535,500
2026	311,344
2027	226,902
2028	210,149
2029	136,541
2030 and thereafter	567,099
Total borrowings	$ 1,987,535	$ 1,878,977

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Cash and cash equivalents - Book Value	$ 271,989	$ 240,378
Cash and cash equivalents - Fair Value	271,989	240,378
Restricted cash - Book Value	7,855	8,797
Restricted cash - Fair Value	7,855	8,797
Other investments - Book Value	38,543	47,000
Other investments - Fair Value	38,543	47,000
Amounts due from related parties, short-term - Book Value	29,784	0
Amounts due from related parties, short-term - Fair Value	29,784	0
Amounts due from related parties, long-term - Book Value	0	39,570
Amounts due from related parties, long-term - Fair Value	0	39,570
Amounts due to related parties, short-term - Book Value	0	(32,026)
Amounts due to related parties, short-term - Fair Value	0	(32,026)
Credit facilities and financial liabilities, including current portion, net - Book Value	(1,522,313)	(1,393,049)
Credit facilities and financial liabilities, including current portion, net - Fair Value	$ (1,542,634)	$ (1,410,563)

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Measurements on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - Fair Value	$ 271,989	$ 240,378
Restricted cash - Fair Value	7,855	8,797
Other investments - Fair Value	38,543	47,000
Amounts due from related parties, long-term - Fair Value	0	39,570
Amounts due from related parties, short-term - Fair Value	29,784	0
Amounts due to related parties, short-term - Fair Value	0	(32,026)
Credit facilities and financial liabilities, including current portion, net - Fair Value	(1,542,634)	(1,410,563)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - Fair Value	271,989	240,378
Restricted cash - Fair Value	7,855	8,797
Other investments - Fair Value	38,543	47,000
Amounts due from related parties, long-term - Fair Value		0
Amounts due from related parties, short-term - Fair Value	0
Amounts due to related parties, short-term - Fair Value		0
Credit facilities and financial liabilities, including current portion, net - Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - Fair Value	0	0
Restricted cash - Fair Value	0	0
Other investments - Fair Value	0	0
Amounts due from related parties, long-term - Fair Value		39,570
Amounts due from related parties, short-term - Fair Value	29,784
Amounts due to related parties, short-term - Fair Value		(32,026)
Credit facilities and financial liabilities, including current portion, net - Fair Value	(1,542,634)	(1,410,563)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - Fair Value	0	0
Restricted cash - Fair Value	0	0
Other investments - Fair Value	0	0
Amounts due from related parties, long-term - Fair Value		0
Amounts due from related parties, short-term - Fair Value	0
Amounts due to related parties, short-term - Fair Value		0
Credit facilities and financial liabilities, including current portion, net - Fair Value	$ 0	$ 0

Fair Value Measurements - Fai_2

Fair Value Measurements - Fair Value of Assets Measured at Fair Value on a Non-recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Vessels	$ 25,510
Operating leases		$ 3,595
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Vessels	0
Operating leases		0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Vessels	25,510
Operating leases		0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Vessels	$ 0
Operating leases		$ 3,595

Repurchases and Issuance of U_2

Repurchases and Issuance of Units (Details Narrative) - USD ($)		3 Months Ended	6 Months Ended
	Sep. 04, 2024	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Jul. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common units repurchased, value		$ 5,000,000
Compensation expense from restricted common units			$ 0	$ 2,000
Common Unit Repurchase Program [Member] | Limited Partner [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common units repurchased, units			100,538,000
Common units repurchased, value			$ 5,000,000
Common Unit Repurchase Program [Member] | Limited Partner [Member] | Subsequent Event [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common units repurchased, units	246,573,000
Common units repurchased, value	$ 12,179,000
Common Unit Repurchase Program [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Repurchase Program, Authorized Amount					$ 100,000,000

Segment Information - Revenue b

Segment Information - Revenue by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 342,155	$ 346,938	$ 660,710	$ 656,460

Commitments and Contingencies -

Commitments and Contingencies - Future minimum contractual obligations (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2025	$ 0
2026	3,310
2027	12,837
2028	18,666
2029	18,615
2030 and thereafter	132,867
Total	$ 186,295

Commitments and Contingencies_2

Commitments and Contingencies (Details Narrative) $ in Thousands

1 Months Ended

3 Months Ended

6 Months Ended

Jun. 03, 2024 USD ($) Capacity

May 13, 2024 USD ($) Capacity

Apr. 08, 2024 USD ($) Capacity

Jan. 25, 2024 USD ($) Capacity

Oct. 01, 2021 USD ($) Installment Capacity

Jul. 02, 2021 USD ($) Vessel Installment Capacity

Aug. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Nov. 30, 2022 USD ($) Capacity Installment

Jun. 30, 2022 USD ($) Installment Capacity

Apr. 30, 2022 USD ($) Installment Capacity

Nov. 30, 2021 USD ($) Capacity Installment

Jun. 30, 2024 USD ($) Installment Capacity Vessel

Mar. 31, 2024 USD ($) Capacity Installment

Sep. 30, 2023 USD ($) Installment Capacity

Jun. 30, 2023 USD ($)

Jun. 30, 2024 USD ($) Vessel

Jun. 30, 2023 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2021 USD ($)

Property, Plant and Equipment [Line Items]

Increase (Decrease) in Deposits Outstanding

$ 182,627

$ 113,600

Deposits for vessels acquisitions

$ 513,262

513,262

$ 434,134

Other Assets, Noncurrent

66,083

66,083

62,111

Contractual Obligation

186,295

186,295

Initial direct costs

60,098

Four 5,300 TEU newbuilding containerships [Member]

Property, Plant and Equipment [Line Items]

Increase (Decrease) in Deposits Outstanding

$ 18,480

Deposits for vessels acquisitions

80,080

80,080

Number of vessels | Vessel

4

Contractual Obligation

43,120

43,120

Vessel capacity in TEU | Capacity

5,300

Property, Plant and Equipment, Transfers and Changes

$ 61,600

Number of installments | Installment

3

Four 5,300 TEU newbuilding containerships [Member] | First installment of each vessel [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

$ 24,640

Four 5,300 TEU newbuilding containerships [Member] | Second Instalment For Four Vessels And Third Installment For Two Vessels [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

$ 36,960

Four 5,300 TEU newbuilding containerships [Member] | Third Instalment For Other Two Vessels And Last Installment For One Vessel [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

55,440

Four 5,300 TEU newbuilding containerships [Member] | Last Installment for Two Vessels [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

86,240

86,240

Zim Sparrow [Member]

Property, Plant and Equipment [Line Items]

Date of delivery

November 9, 2023

Zim Eagle [Member]

Property, Plant and Equipment [Line Items]

Vessel type

Containership

Vessel capacity in DWT | Capacity

5,300

Date of delivery

January 25, 2024

Property, Plant and Equipment, Transfers and Changes

$ 67,707

Capitalized expenses

$ 6,107

Zim Condor [Member]

Property, Plant and Equipment [Line Items]

Vessel type

Containership

Vessel capacity in DWT | Capacity

5,300

Date of delivery

April 8, 2024

Property, Plant and Equipment, Transfers and Changes

$ 69,143

Capitalized expenses

$ 6,318

Zim Hawk [Member]

Property, Plant and Equipment [Line Items]

Vessel type

Containership

Vessel capacity in DWT | Capacity

5,300

Date of delivery

June 3, 2024

Property, Plant and Equipment, Transfers and Changes

$ 69,083

Capitalized expenses

$ 6,258

Zim Falcon [Member]

Property, Plant and Equipment [Line Items]

Date of delivery

July 4, 2024

Zim Pelican [Member]

Property, Plant and Equipment [Line Items]

Date of delivery

July 31, 2024

Nave Cosmos [Member]

Property, Plant and Equipment [Line Items]

Vessel type

Aframax/LR2

Vessel capacity in DWT | Capacity

115,651

Date of delivery

May 13, 2024

Property, Plant and Equipment, Transfers and Changes

$ 67,868

Capitalized expenses

$ 5,210

Nave Polaris [Member]

Property, Plant and Equipment [Line Items]

Date of delivery

August 12, 2024

Two 5,300 TEU newbuilding containerships [Member] | Third Installment For Other One Vessel [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

6,160

6,160

Two 5,300 TEU newbuilding containerships [Member] | Second installment for two vessels and third installment for one vessel [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

18,480

Two 5,300 TEU newbuilding containerships [Member] | Exercise of Option [Member]

Property, Plant and Equipment [Line Items]

Increase (Decrease) in Deposits Outstanding

$ 18,480

Deposits for vessels acquisitions

36,960

36,960

$ 12,320

Contractual Obligation

43,120

43,120

Vessel capacity in TEU | Capacity

5,300

Property, Plant and Equipment, Transfers and Changes

$ 61,600

Date of expected delivery of vessel

second half of 2024

Number of installments | Installment

3

Four 5,300 TEU newbuilding containerships (two plus two optional) [Member]

Property, Plant and Equipment [Line Items]

Increase (Decrease) in Deposits Outstanding

$ 25,130

Deposits for vessels acquisitions

43,978

43,978

Contractual Obligation

37,695

37,695

Vessel capacity in TEU | Capacity

5,300

Property, Plant and Equipment, Transfers and Changes

$ 62,825

Date of expected delivery of vessel

second half of 2024

Number of installments | Installment

4

Four 5,300 TEU newbuilding containerships (two plus two optional) [Member] | Third Installment for One Vessel Fourth Installment for One Vessel and Last Installment for Two Vessels [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

87,955

87,955

Four 5,300 TEU newbuilding containerships (two plus two optional) [Member] | First installment for four vessels, second installment for two vessels and third installment for one vessel [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

43,978

Four 5,300 TEU newbuilding containerships (two plus two optional) [Member] | Second Installment for Other Two Vessels, Third Installment for Two Vessels and Fourth Installment for Two Vessels [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

37,695

Four Aframax/ LR2 newbuilding vessels [Member]

Property, Plant and Equipment [Line Items]

Vessel capacity in DWT | Capacity

115,000

Increase (Decrease) in Deposits Outstanding

$ 23,400

Deposits for vessels acquisitions

62,658

62,658

Contractual Obligation

35,100

35,100

Property, Plant and Equipment, Transfers and Changes

$ 58,500

Number of installments | Installment

4

Additional features

$ 4,158

Four Aframax/ LR2 newbuilding vessels [Member] | Third Installment For Other Three Vessels And Fourth Installment For Two Vessels And Last Installment For One Vessel [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

68,923

68,923

Four Aframax/ LR2 newbuilding vessels [Member] | Second Installment For Four Vessels And Third Installment For One Vessel [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

31,329

Four Aframax/ LR2 newbuilding vessels [Member] | First installment for four vessels [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

25,063

Four Aframax/ LR2 newbuilding vessels II [Member]

Property, Plant and Equipment [Line Items]

Vessel capacity in DWT | Capacity

115,000

115,000

Increase (Decrease) in Deposits Outstanding

$ 27,562

$ 27,562

Deposits for vessels acquisitions

36,750

36,750

Contractual Obligation

33,688

33,688

Property, Plant and Equipment, Transfers and Changes

$ 61,250

$ 61,250

Date of expected delivery of vessel

during 2027

during 2026

Number of installments | Installment

4

4

Additional features

$ 3,300

Four Aframax/ LR2 newbuilding vessels II [Member] | First installment for four vessels [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

36,750

36,750

Two Aframax LR2 Newbuilding Scrubber-fitted Vessels [Member]

Property, Plant and Equipment [Line Items]

Deposits for vessels acquisitions

18,375

18,375

Two Aframax LR2 Newbuilding Scrubber-fitted Vessels [Member] | First installment for two vessels [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

18,375

18,375

Remaining three newbuilding vessels [Member]

Property, Plant and Equipment [Line Items]

Date of expected delivery of vessel

second half of 2024

Two newbuilding liquified natural gas dual fuel [Member]

Property, Plant and Equipment [Line Items]

Increase (Decrease) in Deposits Outstanding

$ 92,408

Deposits for vessels acquisitions

150,163

150,163

Contractual Obligation

23,102

23,102

Vessel capacity in TEU | Capacity

7,700

Property, Plant and Equipment, Transfers and Changes

$ 115,510

Date of expected delivery of vessel

second half of 2024 and the first half of 2025

Number of installments | Installment

4

Two newbuilding liquified natural gas dual fuel [Member] | First installment of each vessel [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

$ 46,204

Two newbuilding liquified natural gas dual fuel [Member] | Second And Third Installments For Two Vessels [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

103,959

Two Aframax/ LR2 newbuilding vessels [Member]

Property, Plant and Equipment [Line Items]

Vessel capacity in DWT | Capacity

115,000

Increase (Decrease) in Deposits Outstanding

$ 24,200

Deposits for vessels acquisitions

24,200

24,200

Contractual Obligation

36,300

36,300

Property, Plant and Equipment, Transfers and Changes

$ 60,500

Date of expected delivery of vessel

first half of 2025

Number of installments | Installment

4

Additional features

$ 4,158

Two Aframax/ LR2 newbuilding vessels [Member] | First installment for two vessels [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

12,100

Two Aframax/ LR2 newbuilding vessels [Member] | Second installment for two vessels [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

12,100

12,100

Two newbuilding Japanese MR2 Product Tanker vessels [Member]

Property, Plant and Equipment [Line Items]

Lessee, Operating Lease, Description

ten years

ten years

Increase (Decrease) in Deposits Outstanding

$ 18,000

$ 18,000

Other Assets, Noncurrent

10,972

10,972

Date of expected delivery of vessel

second half of 2025 and the first half of 2026

second half of 2026

Two newbuilding Japanese MR2 Product Tanker vessels [Member] | First installment for two vessels [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

9,000

One Newbuilding Capesize Vessel [Member]

Property, Plant and Equipment [Line Items]

Other Assets, Noncurrent

11,095

11,095

Two newbuilding Japanese MR2 Product Tankers [member]

Property, Plant and Equipment [Line Items]

Lessee, Operating Lease, Description

ten years

Increase (Decrease) in Deposits Outstanding

$ 20,000

Other Assets, Noncurrent

12,027

$ 12,027

Date of expected delivery of vessel

first half of 2027

Two newbuilding Japanese MR2 Product Tankers [member] | First installment for two vessels [Member]

Property, Plant and Equipment [Line Items]

Advances for vessel acquisitions

$ 10,000

Two TEU Newbuilding Methanol-ready and Scrubber-fitted Containerships [Member]

Property, Plant and Equipment [Line Items]

Increase (Decrease) in Deposits Outstanding

$ 82,200

Number of vessels | Vessel

2

2

Contractual Obligation

$ 20,550

$ 20,550

Vessel capacity in TEU | Capacity

7,900

Property, Plant and Equipment, Transfers and Changes

$ 102,750

Date of expected delivery of vessel

second half of 2026

Number of installments | Installment

4

Additional features

$ 3,250

Four Aframax/LR2 Newbuilding Scrubber-fitted Vessels [Member]

Property, Plant and Equipment [Line Items]

Vessel capacity in DWT | Capacity

115,000

Number of vessels | Vessel

4

4

Four Aframax/LR2 Newbuilding Scrubber-fitted Vessels [Member] | First Two Vessels [Member]

Property, Plant and Equipment [Line Items]

Increase (Decrease) in Deposits Outstanding

$ 34,238

Contractual Obligation

28,012

$ 28,012

Property, Plant and Equipment, Transfers and Changes

$ 62,250

Date of expected delivery of vessel

second half of 2027

Number of installments | Installment

4

Additional features

$ 3,300

Four Aframax/LR2 Newbuilding Scrubber-fitted Vessels [Member] | Other Two Vessels [Member]

Property, Plant and Equipment [Line Items]

Increase (Decrease) in Deposits Outstanding

34,650

Contractual Obligation

28,350

$ 28,350

Property, Plant and Equipment, Transfers and Changes

$ 63,000

Date of expected delivery of vessel

first half of 2028

Number of installments | Installment

4

Additional features

$ 3,300

Transactions with Related Par_2

Transactions with Related Parties and Affiliates (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		10 Months Ended	12 Months Ended
	Aug. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Oct. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Payments for Capital Improvements				$ 211,187,000	$ 70,574,000
Operating Costs and Expenses		$ 18,916,000	$ 17,764,000	36,469,000	32,204,000
Vessel operating expenses (entirely through related parties transactions)		85,271,000	82,550,000	170,193,000	165,766,000
General and administrative expense		20,584,000	20,536,000	41,328,000	40,035,000
Other Receivable, after Allowance for Credit Loss, Noncurrent		0		0			$ 39,570,000
Amounts due from related parties, short-term - Book Value		29,784,000		29,784,000			0
Amounts due to related parties, short-term - Book Value		0		0			(32,026,000)
Superintendent attendances and claims preparation [Member]
Related Party Transaction [Line Items]
Operating Costs and Expenses		1,133,000	1,439,000	1,524,000	2,005,000
Extraordinary crewing fees and costs [Member]
Related Party Transaction [Line Items]
Operating Costs and Expenses		81,000	997,000	215,000	2,291,000
Deposits For Vessels Acquisitions and Other Long-term Assets
Related Party Transaction [Line Items]
Capitalized expenses		2,433,000	957,000	4,882,000	2,010,000
Management Agreement [Member]
Related Party Transaction [Line Items]
Payments for Capital Improvements		6,433,000	14,154,000	10,284,000	19,743,000
Management Agreement [Member] | Upon Acquisition Of Navios Acquisition [Member]
Related Party Transaction [Line Items]
Technical and commercial management daily fee				$ 50
Annual growth factor of management fees				3%
Management Agreement [Member] | Upon Acquisition Of Navios Acquisition [Member] | Specialized Transhipper Vessel [Member]
Related Party Transaction [Line Items]
Daily management fee				$ 550
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | Ultra Handymax Vessels [Member]
Related Party Transaction [Line Items]
Daily management fee				4,750			4,620	$ 4,480
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | Panamax Vessels [Member]
Related Party Transaction [Line Items]
Daily management fee				4,860			4,720	4,580
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | Capesize Vessels [Member]
Related Party Transaction [Line Items]
Daily management fee				5,910			5,740	5,570
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | Container vessel of 1,300 TEU to 3,400 TEU [Member]
Related Party Transaction [Line Items]
Daily management fee				6,670			6,470	6,280
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | Containership of TEU 3,000 up to 4,999 [Member]
Related Party Transaction [Line Items]
Daily management fee				6,790			6,590	6,400
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | Containership Vessels of TEU 5,000 up to 6,800 [Member]
Related Party Transaction [Line Items]
Daily management fee				7,540			7,320	7,110
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | Containership of TEU 8,000 up to 9,999 [Member]
Related Party Transaction [Line Items]
Daily management fee				8,500			8,250	8,010
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | Containership of TEU 10,000 up to 11,999 [Member]
Related Party Transaction [Line Items]
Daily management fee				9,040			8,770	8,520
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | MR1 and MR2 product tankers and chemical tankers [Member]
Related Party Transaction [Line Items]
Daily management fee				7,460			7,240	7,030
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | LR1 Product Tanker [Member]
Related Party Transaction [Line Items]
Daily management fee							7,670	7,440
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | LR2 and LR1 Product Tanker [Member]
Related Party Transaction [Line Items]
Daily management fee				7,900
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | VLCC [Member]
Related Party Transaction [Line Items]
Daily management fee				10,550			10,240	$ 9,940
Management Agreement [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member]
Related Party Transaction [Line Items]
Technical and commercial management daily fee				25
Navios Holdings [Member]
Related Party Transaction [Line Items]
General and administrative expense		15,770,000	$ 15,755,000	31,549,000	$ 29,861,000
Other Receivable, after Allowance for Credit Loss, Noncurrent		0		0			39,570,000
Amounts due from related parties, short-term - Book Value		27,551,000		$ 27,551,000
Amounts due to related parties, short-term - Book Value							$ (32,026,000)
Partners Omnibus Agreement [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Description of Transaction				Navios Partners has entered into an omnibus agreement with Navios Holdings (the “Partners Omnibus Agreement”) in connection with the closing of Navios Partners’ IPO governing, among other things, when Navios Holdings and Navios Partners may compete against each other as well as rights of first offer on certain dry bulk carriers. Pursuant to the Partners Omnibus Agreement, Navios Partners generally agreed not to acquire or own Panamax or Capesize dry bulk carriers under time charters of three or more years without the consent of an independent committee of Navios Partners. In addition, Navios Holdings has agreed to offer to Navios Partners the opportunity to purchase vessels from Navios Holdings when such vessels are fixed under time charters of three or more years.
Navios South American Logistics Inc. [Member] | Navios Vega [Member]
Related Party Transaction [Line Items]
Date of delivery						first quarter of 2024
Charter-out daily rate						$ 25,800
Charter revenue		2,334,000		$ 3,313,000
Navios South American Logistics Inc. [Member] | Amounts Due From Related Parties [Member] | Navios Vega [Member]
Related Party Transaction [Line Items]
Other Receivable, after Allowance for Credit Loss, Noncurrent		$ 2,233,000		$ 2,233,000
Renewed Management Agreement [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Agreement term	10 years
Master Management Agreement [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Agreement term	10 years
Commercial management fee revenue percentage	1.25%
S&P fee percentage	1%
Termination fees discount rate	6%
Master Management Agreement [Member] | Owned Vessel [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Technical management fee	$ 950

Cash Distributions and Earnin_3

Cash Distributions and Earnings per Unit - Schedule of Incentive Distributions Made To General Partners Or Unitholders By Distribution (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares
Minimum Quarterly Distribution [Member] | Incentive Distribution Right Holder [Member]
Percentage allocations of the additional available cash	0%
First Target Distribution [Member] | Incentive Distribution Right Holder [Member]
Percentage allocations of the additional available cash	0%
Second Target Distribution [Member] | Incentive Distribution Right Holder [Member]
Percentage allocations of the additional available cash	13%
Third Target Distribution [Member] | Incentive Distribution Right Holder [Member]
Percentage allocations of the additional available cash	23%
Thereafter [Member] | Incentive Distribution Right Holder [Member]
Percentage allocations of the additional available cash	48%
Total Quarterly Distribution Target Amount [Member] | Minimum Quarterly Distribution [Member]
Distribution Per Unit	$ 5.25
Total Quarterly Distribution Target Amount [Member] | First Target Distribution [Member]
Distribution Per Unit	6.0375
Total Quarterly Distribution Target Amount [Member] | Second Target Distribution [Member] | Minimum [Member]
Distribution Per Unit	6.0375
Total Quarterly Distribution Target Amount [Member] | Second Target Distribution [Member] | Maximum [Member]
Distribution Per Unit	6.5625
Total Quarterly Distribution Target Amount [Member] | Third Target Distribution [Member] | Minimum [Member]
Distribution Per Unit	6.5625
Total Quarterly Distribution Target Amount [Member] | Third Target Distribution [Member] | Maximum [Member]
Distribution Per Unit	7.875
Total Quarterly Distribution Target Amount [Member] | Thereafter [Member]
Distribution Per Unit	$ 7.875
Limited Partner [Member] | Minimum Quarterly Distribution [Member]
Percentage allocations of the additional available cash	98%
Limited Partner [Member] | First Target Distribution [Member]
Percentage allocations of the additional available cash	98%
Limited Partner [Member] | Second Target Distribution [Member]
Percentage allocations of the additional available cash	85%
Limited Partner [Member] | Third Target Distribution [Member]
Percentage allocations of the additional available cash	75%
Limited Partner [Member] | Thereafter [Member]
Percentage allocations of the additional available cash	50%
General Partner [Member] | Minimum Quarterly Distribution [Member]
Percentage allocations of the additional available cash	2%
General Partner [Member] | First Target Distribution [Member]
Percentage allocations of the additional available cash	2%
General Partner [Member] | Second Target Distribution [Member]
Percentage allocations of the additional available cash	2%
General Partner [Member] | Third Target Distribution [Member]
Percentage allocations of the additional available cash	2%
General Partner [Member] | Thereafter [Member]
Percentage allocations of the additional available cash	2%

Cash Distributions and Earnin_4

Cash Distributions and Earnings per Unit - Schedule of Earnings per Unit, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net income	$ 101,469	$ 112,308	$ 174,830	$ 211,473
Income attributable to:
Common Unitholders	$ 99,439	$ 110,062	$ 171,333	$ 207,245
Earnings per unit basic:	$ 3.3	$ 3.65	$ 5.68	$ 6.87
Earnings per unit diluted:	$ 3.3	$ 3.65	$ 5.68	$ 6.87
Limited Partner [Member]
Income attributable to:
Common Unitholders	$ 99,439	$ 110,062	$ 171,333	$ 207,245
Weighted average units outstanding basic	30,162,905	30,183,387	30,173,646	30,183,387
Earnings per unit basic:	$ 3.3	$ 3.65	$ 5.68	$ 6.87
Weighted average units outstanding diluted	30,162,905	30,184,388	30,173,646	30,184,388
Earnings per unit diluted:	$ 3.3	$ 3.65	$ 5.68	$ 6.87
Earnings per unit distributed basic:	0.05	0.05	0.1	0.1
Earnings per unit distributed diluted:	$ 0.05	$ 0.05	$ 0.1	$ 0.1

Cash Distributions and Earnin_5

Cash Distributions and Earnings per Unit (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		2 Months Ended	4 Months Ended		6 Months Ended		7 Months Ended
	Jul. 31, 2024	Jan. 31, 2023	Feb. 29, 2024	Apr. 30, 2024	Apr. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jul. 31, 2024
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Description of the distribution amount per unit for all classes of units						The first 98% of the quarterly distribution is paid to all common unitholders. The incentive distributions rights (held by Navios GP L.L.C.) apply only after a minimum quarterly distribution of $6.0375 per unit.
Potential common units						0	1,001
Quarterly Cash Distribution [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution Made to Limited Liability Company (LLC) Member, Distributions Declared, Per Unit		$ 0.05	$ 0.05	$ 0.05	$ 0.05			$ 0.05
Distribution Made to Limited Partner, Distribution Date		Feb. 14, 2023	Feb. 14, 2024	May 14, 2024	May 12, 2023			Aug. 14, 2024
Distribution Made to Limited Partner, Date of Record		Feb. 10, 2023	Feb. 12, 2024	May 10, 2024	May 09, 2023			Aug. 09, 2024
Distribution Made to Limited Partner, Cash Distributions Paid	$ 1,531	$ 1,540	$ 1,540	$ 1,540	$ 1,540

Leases (Details Narrative)

Leases (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Operating Lease, Right-of-Use Asset	$ 255,847		$ 255,847		$ 270,969
Revenues	342,155	$ 346,938	660,710	$ 656,460
Operating Leases [Member]
Related Party Transaction [Line Items]
Operating Lease, Liability	253,022		253,022		270,738
Operating Lease, Right-of-Use Asset	255,847		255,847		$ 270,969
Time charter and voyage revenues	10,936	17,418	22,982	34,751
Sublease Income	$ 18,996	22,746	$ 35,829	43,120
Lessee, Operating Lease, Remaining Lease Term	8 years 8 months 12 days		8 years 8 months 12 days
Finance Leases [Member]
Related Party Transaction [Line Items]
Sublease Income	$ 23,181	22,080	$ 46,140	39,865
Lessee, Finance Lease, Remaining Lease Term	8 years 3 months 18 days		8 years 3 months 18 days
Bareboat charter-in contract [Member] | Navios Libra and Navios Celeste [Member]
Related Party Transaction [Line Items]
Incremental borrowing rates	7%		7%
Bareboat charter-in contract [Member] | Navios Amitie and Navios Star [Member]
Related Party Transaction [Line Items]
Incremental borrowing rates	5%		5%
Bareboat charter-in contract [Member] | Baghdad and Erbil [Member]
Related Party Transaction [Line Items]
Incremental borrowing rates	6%		6%
Bareboat charter-in contract [Member] | Nave Electron [Member]
Related Party Transaction [Line Items]
Incremental borrowing rates	4%		4%
Bareboat Charter Out Contract [Member]
Related Party Transaction [Line Items]
Revenues	$ 8,465	$ 8,065	$ 16,530	$ 16,042
Bareboat Charter Out Contract [Member] | Baghdad Erbil Celeste [Member]
Related Party Transaction [Line Items]
Lessor, Operating Lease, Description			bareboat charter-out agreements for a firm charter period of ten years for the Baghdad and the Erbil and an extra optional period of five years, for both vessels, and for a firm period of up to two-years, extended for an additional period of five years for the Nave Celeste.

Leases - Operating Leases (Deta

Leases - Operating Leases (Details) - Operating Leases [Member] - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
2025	$ 38,372
2026	38,340
2027	37,891
2028	37,312
2029	36,632
2030 and thereafter	131,260
Total	319,807
Operating lease liabilities, including current portion	253,022	$ 270,738
Discount based on incremental borrowing rate	$ 66,785

Leases - Finance Leases (Detail

Leases - Finance Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finance lease liabilities, including current portion (see Note 6 – Borrowings)	$ 444,901	$ 468,414
Finance leases [Member]
2025	154,762
2026	36,753
2027	36,307
2028	35,997
2029	35,557
2030 and thereafter	311,545
Total	610,921
Finance lease liabilities, including current portion (see Note 6 – Borrowings)	444,901
Discount based on incremental borrowing rate	$ 166,020

Interest Expense and Finance _3

Interest Expense and Finance Cost, Net - Schedule of Interest Expense and Finance Cost, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest and Debt Expense [Abstract]
Interest expense incurred on credit facilities and financial liabilities	$ 26,842	$ 28,256	$ 52,789	$ 56,235
Interest expense incurred on finance lease liabilities	7,783	7,457	15,817	12,622
Interest expense capitalized related to deposits for vessel acquisitions	(6,500)	(5,029)	(12,637)	(8,793)
Amortization of finance charges and other finance costs	2,131	2,825	3,873	5,742
Discount effect of long-term assets	(169)	(179)	(346)	3,048
Total interest expense and finance cost, net	$ 30,087	$ 33,330	$ 59,496	$ 68,854

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) $ in Thousands	1 Months Ended		2 Months Ended	3 Months Ended			6 Months Ended
	Aug. 31, 2024 Capacity	Jul. 31, 2024 Capacity	Aug. 31, 2024 USD ($) Capacity Vessel	Sep. 30, 2024 USD ($) Capacity	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Subsequent Event [Line Items]
Aggregate gross sale proceeds | $							$ 91,400	$ 215,839
Aggregate gain on sale of vessels | $					$ 7,256	$ 10,151	$ 9,133	$ 43,601
Subsequent Event [Member]
Subsequent Event [Line Items]
Remaining vessels to be sold | Vessel			3
Property, Plant and Equipment, Additions | $				$ 88,044
Aggregate gross sale proceeds | $			$ 78,480
Date of expected delivery of vessel			second half of 2024
Aggregate gain on sale of vessels | $			$ 29,752
Zim Falcon [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Vessel year built		2024
Vessel type		Containerships
Vessel capacity in TEU		5,300
Zim Pelican [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Vessel year built		2024
Vessel type		Containerships
Vessel capacity in TEU		5,300
Navios Citrine [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Vessel year built				2017
Vessel type				Kamsarmax
Vessel capacity in DWT				81,626
Navios Dolphin [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Vessel year built				2017
Vessel type				Kamsarmax
Vessel capacity in DWT				81,630
Navios Amber [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Vessel year built				2015
Vessel type				Kamsarmax
Vessel capacity in DWT				80,994
First Vessel Sold [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Vessel year built			2009
Vessel type			MR2 Product Tanker
Vessel capacity in DWT			50,542
Second Vessel Sold [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Vessel year built			2009
Vessel type			MR2 Product Tanker
Vessel capacity in DWT			50,470
Third Vessel Sold [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Vessel year built			2005
Vessel type			Post-Panamax
Vessel capacity in DWT			87,052
Fourth Vessel Sold [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Vessel year built			2006
Vessel type			Kamsarmax
Vessel capacity in DWT			82,790
Nave Polaris [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Vessel year built	2024
Vessel type	Aframax/LR2
Vessel capacity in DWT	115,699
Zim Seagull [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Vessel year built	2024
Vessel type	Containership
Vessel capacity in TEU	5,300