Navios Maritime Partners (NMM) 6-K 31 Aug 23 2023 Q2 Current report (foreign) Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2023
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity 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, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 261,416	$ 157,814
Restricted cash	8,636	17,284
Accounts receivable, net	31,464	75,030
Amounts due from related parties	$ 2,647	$ 0
Other Receivable, after Allowance for Credit Loss, Current, Related and Nonrelated Party Status [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Prepaid expenses and other current assets	$ 59,698	$ 60,296
Total current assets	363,861	310,424
Vessels, net	3,734,043	3,777,329
Deposits for vessels acquisitions	317,197	218,663
Other long-term assets	32,880	46,122
Deferred dry dock and special survey costs, net	110,912	99,999
Amounts due from related parties	39,519	41,403
Intangible assets	69,509	78,716
Operating lease assets	297,644	323,048
Total non-current assets	4,601,704	4,585,280
Total assets	4,965,565	4,895,704
Current liabilities
Accounts payable	19,145	27,117
Accrued expenses	23,895	16,049
Deferred revenue	59,290	38,875
Operating lease liabilities, current portion	35,190	39,853
Amounts due to related parties	$ 0	$ 104,751
Other Liability, Current, Related and Nonrelated Party Status [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Current portion of financial liabilities, net	$ 143,025	$ 216,955
Current portion of long-term debt, net	160,224	174,140
Total current liabilities	440,769	617,740
Operating lease liabilities, net	255,667	271,262
Unfavorable lease terms	34,996	47,906
Long-term financial liabilities, net	858,044	864,661
Long-term debt, net	763,410	689,691
Deferred revenue	53,585	50,138
Other long-term liabilities	7,736	11,343
Total non-current liabilities	1,973,438	1,935,001
Total liabilities	2,414,207	2,552,741
Commitments and contingencies	0	0
Partners’ capital:
Common Unitholders (30,184,388 units issued and outstanding at each of June 30, 2023 and December 31, 2022)	2,509,723	2,305,494
General Partner (622,296 units issued and outstanding at each of June 30, 2023 and December 31, 2022)	41,635	37,469
Total partners’ capital	2,551,358	2,342,963
Total liabilities and partners’ capital	$ 4,965,565	$ 4,895,704

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common units outstanding	30,184,388	30,184,388
Common units issued	30,184,388	30,184,388
General Partners, units issued	622,296	622,296
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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Time charter and voyage revenues	$ 346,938	$ 280,661	$ 656,460	$ 517,278
Time charter and voyage expenses	(41,956)	(21,718)	(81,719)	(38,861)
Direct vessel expenses	(17,764)	(12,920)	(32,204)	(24,113)
Vessel operating expenses (entirely through related parties transactions)	(82,550)	(73,989)	(165,766)	(147,161)
General and administrative expenses	(20,536)	(14,170)	(40,035)	(28,086)
Depreciation and amortization of intangible assets	(54,037)	(41,684)	(108,255)	(84,550)
Amortization of unfavorable lease terms	5,322	17,587	12,910	39,426
Gain on sale of vessels, net	10,151	0	43,601	0
Interest expense and finance cost, net	(33,330)	(14,522)	(68,854)	(27,749)
Interest income	2,483	22	4,100	24
Other expense, net	(2,413)	(1,107)	(8,765)	(2,383)
Net income	112,308	118,160	211,473	203,825
Common Unitholders	110,062	115,797	207,245	199,749
General Partner	$ 2,246	$ 2,363	$ 4,228	$ 4,076
Earnings per unit (see Note 13):
Earnings per common unit, basic	$ 3.65	$ 3.84	$ 6.87	$ 6.62
Earnings per common unit, diluted	$ 3.65	$ 3.83	$ 6.87	$ 6.61

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
OPERATING ACTIVITIES:
Net income	$ 211,473	$ 203,825
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangible assets	108,255	84,550
Amortization of unfavorable lease terms	(12,910)	(39,426)
Non-cash amortization of deferred revenue and straight line	29,248	23,452
Amortization of operating lease assets/ liabilities	5,146	(422)
Amortization and write-off of deferred finance costs and  discount	3,618	2,677
Amortization of deferred dry dock and special survey costs	18,865	12,922
Gain on sale of vessel, net	(43,601)	0
Stock-based compensation	2	82
Changes in operating assets and liabilities:
Decrease/ (increase) in accounts receivable	43,566	(18,022)
Decrease/ (increase) in prepaid expenses and other current assets	9,248	(28,470)
Increase in amounts due from related parties	(1,765)	(15,779)
Payments for dry dock and special survey costs	(40,856)	(26,246)
(Decrease)/ increase in accounts payable	(7,971)	8,429
Increase in accrued expenses	7,846	3,556
Increase in deferred revenue	2,930	239
Decrease in amounts due to related parties	(104,751)	(64,204)
Net cash provided by operating activities	228,343	147,163
INVESTING ACTIVITIES:
Net cash proceeds from sale of vessels	215,839	0
Deposits for acquisition/ option to acquire vessel	(113,600)	(55,586)
Acquisition of/ additions to vessels	(70,574)	(6,274)
Net cash provided by/ (used in) investing activities	31,665	(61,860)
FINANCING ACTIVITIES:
Cash distributions paid	(3,080)	(3,082)
Repayment of long-term debt and financial liabilities	(635,795)	(210,314)
Payments of deferred finance costs	(12,227)	(1,964)
Proceeds from long-term debt and financial liabilities	486,048	135,235
Net cash used in financing activities	(165,054)	(80,125)
Increase in cash, cash equivalents and restricted cash	94,954	5,178
Cash, cash equivalents and restricted cash, beginning of   period	175,098	169,446
Cash, cash equivalents and restricted cash, end of period	270,052	174,624
Supplemental disclosures of cash flow information
Cash interest paid	72,992	25,464
Non cash financing activities
Stock-based compensation	2	82
Financial and finance lease liabilities	173,010	0
Non cash investing activities
Acquisition of vessels	(201,129)	0
Deposits for acquisition/ option to acquire vessel (see Note 11)	$ 0	$ 6,316

UNAUDITED CONDENSED CONSOLIDA_5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($) $ in Thousands	General Partner [Member]	Limited Partner [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 26,008	$ 1,743,717	$ 1,769,725
Beginning balance, shares at Dec. 31, 2021	622,555	30,197,087
Cash distribution paid ($0.05 per unit—see Note 13)	$ (31)	$ (1,510)	(1,541)
Stock based compensation (see Note 8)	0	42	42
Net income	1,713	83,952	85,665
Ending balance, value at Mar. 31, 2022	$ 27,690	$ 1,826,201	1,853,891
Ending balance, shares at Mar. 31, 2022	622,555	30,197,087
Cash distribution paid ($0.05 per unit—see Note 13)	$ (31)	$ (1,510)	(1,541)
Stock based compensation (see Note 8)	0	40	40
Net income	2,363	115,797	118,160
Ending balance, value at Jun. 30, 2022	$ 30,022	$ 1,940,528	1,970,550
Ending balance, shares at Jun. 30, 2022	622,555	30,197,087
Beginning balance, value at Dec. 31, 2022	$ 37,469	$ 2,305,494	2,342,963
Beginning balance, shares at Dec. 31, 2022	622,296	30,184,388
Cash distribution paid ($0.05 per unit—see Note 13)	$ (31)	$ (1,509)	(1,540)
Stock based compensation (see Note 8)	0	1	1
Net income	1,982	97,183	99,165
Ending balance, value at Mar. 31, 2023	$ 39,420	$ 2,401,169	2,440,589
Ending balance, shares at Mar. 31, 2023	622,296	30,184,388
Cash distribution paid ($0.05 per unit—see Note 13)	$ (31)	$ (1,509)	(1,540)
Stock based compensation (see Note 8)	0	1	1
Net income	2,246	110,062	112,308
Ending balance, value at Jun. 30, 2023	$ 41,635	$ 2,509,723	$ 2,551,358
Ending balance, shares at Jun. 30, 2023	622,296	30,184,388

UNAUDITED CONDENSED CONSOLIDA_6

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022
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, 2023
Accounting Policies [Abstract]
Description of Business	NOTE 1 – DESCRIPTION OF BUSINESS 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 Olympos Maritime Ltd. 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., (the “Manager”) and Navios Tankers Management Inc. (“Tankers Manager” and together with the Manager, the “Managers”) which are entities affiliated with the Company’s Chairwoman and Chief Executive Officer (see Note 12 – Transactions with related parties and affiliates). As of June 30, 2023, there were 30,184,388 622,296 10.3 2.0

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Summary of Significant Accounting Policies (a) Basis of presentation 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, (see Note 4 – Vessels) to continue in operation and meet its financial commitments, including but not limited to, capital expenditures and debt service obligations, for a period of at least twelve months from the date of issuance of 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. Notwithstanding the foregoing, it is possible that these tensions might eventually have an adverse impact on our business, financial condition, results of operations and cash flows. Interest rates have increased significantly as central banks in Europe, United States and other developed countries raise interest rates in an effort to reduce the inflation effect. The eventual implications of tighter monetary policy, and potentially higher long-term interest rates may drive a higher cost of capital for the Company. (b) Principles of consolidation : 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: A discussion of the Company’s significant accounting policies can be found in Note 2 to the Company’s consolidated financial statements included in the Annual Report filed on Form 20-F on March 24, 2023 with the SEC for the year ended December 31, 2022. There have been no material changes to these policies in the six months ended June 30, 2023, apart from those discussed below. As of June 30, 2023, the Company has elected one of the optional expedients provided in the ASU 2020-04 Reference Rate Reform and its update that allows entities with contract modifications within the scope of Topic 470, for which the terms that are modified solely relate to directly replacing, or having the potential to replace a reference rate with another interest rate index, to account for the modification that meets the scope of paragraphs 848-20-15-2 through 15-3 as if the modification was not substantial. That is, the original contract and the new contract shall be accounted for as if they were not substantially different from one another, and the modification shall not be accounted for in the same manner as a debt extinguishment. As of June 30, 2023, the Company has entered into certain amendments in the existing loan agreements in order to replace the reference rate from Libor to Secured Overnight Financing Rate (“SOFR”). The Company will continue to evaluate the potential impact of adopting the standards on its consolidated financial statements. (c) Revenue and Expense Recognition Revenue from time 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 $ 300,689 255,288 568,361 476,606 Revenue from voyage contracts 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 $ 31,302 10,835 55,052 17,406 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 on the accrual basis and is recognized when an agreement with the pool exists, price is fixed, service is provided and the 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 $ 14,947 13,726 32,997 22,392 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 $ 0 812 50 874 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 on Form 20-F for the year ended December 31, 2022.

Cash and Cash Equivalents

Cash and Cash Equivalents	6 Months Ended
	Jun. 30, 2023
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	NOTE 3 – CASH AND CASH EQUIVALENTS Cash and Cash Equivalents Cash and Cash Equivalents June 30, 2023 December 31, 2022 Cash and cash equivalents $ 261,416 $ 157,814 Restricted cash 8,636 17,284 Total cash and cash equivalents and restricted cash $ 270,052 $ 175,098 As of June 30, 2023 and December 31, 2022, restricted cash amounted to $ 8,636 17,284 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.

Vessels, net

Vessels, net	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Vessels, net	NOTE 4 – VESSELS, NET Vessels, net Vessels, net Total Vessels Cost Accumulated Net Book Value Balance December 31, 2022 $ 4,292,150 $ (514,821) $ 3,777,329 Additions/ (Depreciation) 271,703 (98,846) 172,857 Disposals (232,920) 16,777 (216,143) Balance June 30, 2023 $ 4,330,933 $ (596,890) $ 3,734,043 The above balances as of June 30, 2023 are analyzed in the following tables: Owned Vessels Cost Accumulated Net Book Value Balance December 31, 2022 $ 3,757,903 $ (505,943) $ 3,251,960 Additions/ (Depreciation) 110,220 (87,232) 22,988 Disposals (176,846) 15,686 (161,160) Balance June 30, 2023 $ 3,691,277 $ (577,489) $ 3,113,788 Right-of-use assets under finance Lease Cost Accumulated Net Book Value Balance December 31, 2022 $ 534,247 $ (8,878) $ 525,369 Additions/ (Depreciation) 161,483 (11,614) 149,869 Transfers to owned vessels (56,074) 1,091 (54,983) Balance June 30, 2023 $ 639,656 $ (19,401) $ 620,255 Right-of-use asset 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 declaration of the Company’s option to extend the charter period of the Navios Amber for one year commencing in May 2023, the corresponding right-of-use asset under finance lease was increased by $ 1,877 46,663 During the six month periods ended June 30, 2023 and 2022, the Company capitalized certain extraordinary fees and costs related to vessels’ regulatory requirements, including ballast water treatment system installation, exhaust gas cleaning system installation, scrubber system installation, and other improvements that amounted to $ 21,342 6,274 Acquisition of Vessels 2023 On June 21, 2023, Navios Partners took delivery of the Navios Amethyst, a 2023 Capesize 182,212 63,690 2,346 On April 27, 2023, Navios Partners took delivery of the Navios Sakura, a 2023 Capesize 182,169 49,770 2,579 On March 29, 2023, Navios Partners took delivery of the Navios Altair, a 2023 Capesize 182,115 45,934 2,815 On March 6, 2023, Navios Partners paid an amount of $ 42,879 1,600 2016 Capesize 181,221 53,232 On February 5, 2023, Navios Partners took delivery of the Navios Meridian, a 2023 Panamax 82,010 35,605 Sale of Vessels 2023 On May 16, 2023, Navios Partners sold the Serenitas N, a 2011 Ultra-Handymax 56,644 12,005 On May 4, 2023, Navios Partners sold the Navios Libertas, a 2007 Panamax 75,511 13,524 On May 3, 2023, Navios Partners sold the Navios Anthos, a 2004 Panamax 75,798 10,780 On April 5, 2023, Navios Partners sold the Aurora N, a 2008 LR1 63,495 21,875 On March 3, 2023, Navios Partners sold the Nave Photon, a 2008 VLCC 297,395 52,000 On February 7, 2023, Navios Partners sold the Navios Prosperity I, a 2007 Panamax 75,527 13,337 On February 3, 2023, Navios Partners sold the Jupiter N, a 2011 Post-Panamax 93,062 16,096 On January 26, 2023, Navios Partners sold the Star N, a 2009 MR1 37,836 17,738 On January 26, 2023, Navios Partners sold the Navios Amaryllis, a 2008 Ultra-Handymax 58,735 14,798 On January 24, 2023, Navios Partners sold the Nave Polaris, a 2011 Chemical Tanker 25,145 14,909 On January 17, 2023, Navios Partners sold the Nave Dorado, a 2005 MR2 47,999 15,313 On January 9, 2023, Navios Partners sold the Nave Cosmos, a 2010 Chemical Tanker 25,130 13,464 Following the sale of the above vessels during the six month period ended June 30, 2023, the aggregate amount of $ 43,601 11,078 Vessels agreed to be sold On May 10, 2023, Navios Partners agreed to sell the Lumen N, a 2008 LR1 63,599 21,583 14,246

Intangible Assets and Liabiliti

Intangible Assets and Liabilities	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Liabilities	NOTE 5 – INTANGIBLE ASSETS AND LIABILITIES Intangible Assets and Liabilities Intangible assets as of June 30, 2023 and December 31, 2022 consisted of the following: Intangible Assets and Liabilities - Intangible Assets, Favorable Lease Cost Accumulated Net Book Value Favorable lease terms December 31, 2022 $ 211,644 $ (132,928) $ 78,716 Amortization — (9,207) (9,207) Favorable lease terms June 30, 2023 $ 211,644 $ (142,135) $ 69,509 Amortization expense of favorable lease terms for each of the periods ended June 30, 2023 and 2022 is presented in the following table: Intangible Assets and Liabilities - Amortization of Favorable Lease Terms Three Month Period Ended Three Month Period Ended June 30, 2022 Six Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2022 (unaudited) (unaudited) (unaudited) (unaudited) Favorable lease terms $ (4,539) $ (5,565) $ (9,207) $ (12,430) Total $ (4,539) $ (5,565) $ (9,207) $ (12,430) The aggregate amortization of the intangible assets for the 12-month periods ending June 30 for the following years is estimated to be as follows: Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets Period Amount 2024 $ 18,156 2025 17,702 2026 11,182 2027 5,115 2028 4,982 2029 and thereafter 12,372 Total $ 69,509 Intangible assets subject to amortization are amortized using straight-line 5.2 Intangible liabilities as of June 30, 2023 and December 31, 2022 consisted of the following: Intangible Assets And Liabilities - Intangible Liabilities, Unfavorable Lease Cost Accumulated Net Book Value Unfavorable lease terms December 31, 2022 $ (231,407) $ 183,501 $ (47,906) Amortization — 12,910 12,910 Unfavorable lease terms June 30, 2023 $ (231,407) $ 196,411 $ (34,996) Amortization income of unfavorable lease terms for each of the periods ended June 30, 2023 and 2022 is presented in the following table: Intangible Assets And Liabilities - Amortization of Unfavorable Lease Terms Three Month Period Ended Three Month Period Ended Six Month Period Ended Six Month Period Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 (unaudited) (unaudited) (unaudited) (unaudited) Unfavorable lease terms $ 5,322 $ 17,587 $ 12,910 $ 39,426 Total $ 5,322 $ 17,587 $ 12,910 $ 39,426 The aggregate amortization of the intangible liabilities for the 12-month periods ending June 30 is estimated to be as follows: Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities Period Amount 2024 $ 13,319 2025 12,204 2026 9,473 2027 — 2028 — 2029 and thereafter — Total $ 34,996 Intangible liabilities subject to amortization are amortized using straight-line 2.8

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Borrowings	NOTE 6 – BORROWINGS Borrowings Borrowings as of June 30, 2023 and December 31, 2022 consisted of the following: Borrowings June 30, 2023 December 31, 2022 Credit facilities $ 933,627 $ 874,038 Financial liabilities 526,156 695,934 Finance lease liabilities 481,305 389,007 Total borrowings $ 1,941,088 $ 1,958,979 Less: Current portion of long-term borrowings, net (303,249) (391,095) Less: Deferred finance costs, net (16,385) (13,532) Long-term borrowings, net $ 1,621,454 $ 1,554,352 As of June 30, 2023, the total borrowings, net of deferred finance costs were $1,924,703. Credit Facilities FIRST-CITIZENS BANK & TRUST COMPANY: December 21,2022 44,200 to refinance the existing indebtedness of three of its tanker vessels and for general corporate purposes 42,700 19 quarterly 1,500 14,200 first quarter of 2028 Term Secured Overnight Financing Rate (“Term SOFR”) 195 DNB BANK ASA: 161,600 to finance part of the contract price of four newbuilding container vessels, currently under construction ten years after drawdown SOFR 170 SKANDINAVISKA ENSKILDA BANKEN AB : 65,000 to refinance the existing indebtedness of five of its tanker vessels and for general corporate purposes 65,000 20 quarterly 1,950 26,000 second quarter of 2028 SOFR 200 KFW IPEX-BANK GMBH: 165,638 to finance the acquisition of two newbuilding 7,700 TEU containerships 27,026 27,026 12 years SOFR 150 EUROBANK S.A: 30,000 to refinance the existing indebtedness of three of its tanker vessels and for general corporate purposes 30,000 20 quarterly 900 12,000 second quarter of 2028 SOFR 100 225 BNP PARIBAS: 40,000 to refinance the existing indebtedness of nine of its containerships 40,000 12 quarterly 2,083 15,004 second quarter of 2026 SOFR 250 On June 21, 2023, Navios Partners entered into a credit facility with BNP Paribas and Credit Agricole Corporate and Investment Bank of up to $ 107,600 to refinance the existing indebtedness of ten of its vessels and for general corporate purposes 107,600 12 quarterly 7,000 23,600 second quarter of 2026 SOFR 250 NATIONAL BANK OF GREECE S.A: 77,822 to refinance the existing indebtedness of ten of its vessels and for general corporate purposes 77,822 20 quarterly 2,500 27,822 second quarter of 2028 SOFR 215 CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK: 62,400 to refinance existing indebtedness of seven of its dry bulk vessels 62,400 12 quarterly 2,750 29,400 second quarter of 2026 SOFR 250 Financial Liabilities In January 2022 27,440 Panamax 82,010 120 monthly 152 first quarter of 2033 9,147 Libor 180 26,678 In February 2023 32,000 2016 Capesize 181,221 750 120 monthly 260 first quarter of 2033 Libor 200 30,958 In May 2023 178,000 ten years after the drawdown Term SOFR 210 Finance Lease Liabilities On July 29, 2022 2015 Panamax 80,994 one-year 6 6 1,877 33,963 monthly 303 30,690 On March 29, 2023 2023 Capesize 182,115 15-year 6.5 40,775 15 monthly 298 9,500 On April 27, 2023 2023 Capesize 182,169 15-year 5.8 44,509 15 monthly 334 9,500 On June 21, 2023 2023 Capesize 182,212 15-year 5.6 59,521 15 monthly 399 10,500 The Company recognizes the total interest expense incurred on finance lease liabilities under the caption “Interest expense and finance cost, net” in the condensed Consolidated Statements of Operations. As of each of the three and six month periods ended June 30, 2023, the total interest expense incurred amounted to $ 7,457 12,622 No 6,431 12,119 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). As of June 30, 2023 and December 31, 2022, the security deposits under certain sale and leaseback agreements were $ 0 8,650 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, 2023, 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 the three and six month periods ended June 30, 2023 were 7.44 7.20 4.27 3.98 The maturity table below reflects the principal payments for the next five 12-month periods ending June 30 of the following years and thereafter of all borrowings of Navios Partners outstanding as of June 30, 2023, based on the repayment schedules of the respective credit facilities, financial liabilities and finance lease liabilities. Borrowings - Maturities of Long Term Debt Period Amount 2024 $ 308,970 2025 550,942 2026 294,971 2027 227,426 2028 162,441 2029 and thereafter 396,338 Total $ 1,941,088

Fair value of financial instrum

Fair value of financial instruments	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair value of financial instruments	NOTE 7 – FAIR VALUE OF FINANCIAL INSTRUMENTS Fair value of financial instruments The carrying value 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: Restricted Cash: Amounts due from related parties, long-term: Amounts due from related parties, short-term: Amounts due to related parties, short-term: Credit facilities and financial liabilities, including current portion, net: The estimated fair values of the Navios Partners’ financial instruments are as follows: Fair Value of Financial Instruments June 30, 2023 December 31, 2022 Book Value Fair Value Book Value Fair Value Cash and cash equivalents $ 261,416 $ 261,416 $ 157,814 $ 157,814 Restricted cash $ 8,636 $ 8,636 $ 17,284 $ 17,284 Amounts due from related parties, long-term $ 39,519 $ 39,519 $ 41,403 $ 41,403 Amounts due from related parties, short-term $ 2,647 $ 2,647 $ — $ — Amounts due to related parties, short-term $ — $ — $ (104,751) $ (104,751) Credit facilities and financial liabilities, including current portion, net $ (1,443,398) $ (1,459,783) $ (1,556,440) $ (1,569,972) 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, 2023 and December 31, 2022. Fair Value Measurements - Fair value measurements on a Nonrecurring basis Fair Value Measurements as at June 30, 2023 Total Level I Level II Level III Cash and cash equivalents $ 261,416 $ 261,416 $ — $ — Restricted cash $ 8,636 $ 8,636 $ — $ — Amounts due from related parties, long-term $ 39,519 $ — $ 39,519 $ — Amounts due from related parties, short-term $ 2,647 $ — $ 2,647 $ — Credit facilities and financial liabilities, net (1) $ (1,459,783) $ — $ (1,459,783) $ — Fair Value Measurements as at December 31, 2022 Total Level I Level II Level III Cash and cash equivalents $ 157,814 $ 157,814 $ — $ — Restricted cash $ 17,284 $ 17,284 $ — $ — Amounts due from related parties, long-term $ 41,403 $ — $ 41,403 $ — Amounts due to related parties, short-term $ (104,751) $ — $ (104,751) $ — Credit facilities and financial liabilities, net (1) $ (1,569,972) $ — $ (1,569,972) $ — (1) The fair value of the Company’s credit facilities and financial liabilities is estimated based on currently available credit facilities and financial liabilities with similar contract terms, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness. The estimated fair value of the Company’s assets measured at fair value on a non-recurring basis, is based on the concluded sales price and is categorized based upon the fair value hierarchy as follows: Fair Value Measurements - Fair value of assets measured at fair value on a non-recurring basis Fair Value Measurements as at December 31, 2022 Total Level I Level II Level III Vessels, net $ 57,402 $ — $ 57,402 $ —

Repurchases and Issuance of Uni

Repurchases and Issuance of Units	6 Months Ended
	Jun. 30, 2023
Repurchases And Issuance Of Units
Repurchases and Issuance of Units	NOTE 8 – REPURCHASES AND ISSUANCE OF UNITS 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 The effect of compensation expense arising from the restricted common units granted in December 2019 and 2018 and February 2019, amounted to $ 1 2 The effect of compensation expense arising from the restricted common units granted in December 2019 and 2018 and February 2019, amounted to $ 40 82 As of June 30, 2023, the estimated compensation cost related to service conditions of non-vested restricted common units granted in 2019 not yet recognized was $ 2 As of each of June 30, 2023 and December 31, 2022, there were 1,001

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	NOTE 9 – SEGMENT INFORMATION Segment Information ASC 280, “Segment Reporting,” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Navios Partners reports financial information and evaluates its operations by charter revenues. Navios Partners does not use discrete financial information to evaluate operating results for each type of charter or by sector. As a result, management, including the chief operating decision maker, reviews operating results solely by revenue per day and operating results of the fleet as a whole, determining where to allocate resources and drive business forward by examining consolidated results. Thus Navios Partners has determined that it operates under one reportable segment. The following table sets out operating revenue by geographic region for Navios Partners’ reportable segment. Revenue is allocated on the basis of the geographic region in which the customer is located. Drybulk, Containerships and Tankers operate worldwide. Revenues from specific geographic region, which contribute over 10.0% of total revenue, are disclosed separately. Revenue by Geographic Region Vessels operate on a worldwide basis and are not restricted to specific locations. Accordingly, it is not possible to allocate the assets of these operations to specific countries. Segment Information - Revenue by Geographic Region Three Month Period Ended June 30, 2023 Three Month Period Ended June 30, 2022 Six Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2022 (unaudited) (unaudited) (unaudited) (unaudited) Asia $ 249,486 $ 180,047 $ 450,239 $ 321,244 Europe 57,901 77,047 117,352 150,963 America 39,551 23,567 88,869 45,071 Total $ 346,938 $ 280,661 $ 656,460 $ 517,278

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 10 – INCOME TAXES Income Taxes The Republic of the Marshall Islands does not impose a tax on international shipping income. Under the laws of the Marshall Islands, 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, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 11 – COMMITMENTS AND CONTINGENCIES 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. In November 2017, Navios Partners agreed to bareboat charter-in, under a ten-year Panamax 82,011 July 24, 2019 5,540 2,770 2,770 6,231 On October 18, 2019, Navios Partners agreed to bareboat charter-in, under a ten-year two Panamax 82,002 81,994 May 28, 2021 June 10, 2021 respectively. Navios Partners has the option to acquire the vessels after the end of the fourth year for the remaining period of the bareboat charters. Navios Partners had agreed to pay in total $ 12,328 1,434 10,034 860 13,215 On July 2, 2021, Navios Partners agreed to purchase four 5,300 61,600 second half of 2023 and first half of 2024 18,480 three 43,120 24,640 36,960 61,600 On October 1, 2021, Navios Partners exercised its option to acquire two 5,300 61,600 second half of 2024 18,480 three 43,120 12,320 6,160 18,480 In November 2021, Navios Partners agreed to purchase four 5,300 62,825 second half of 2023 and in 2024 25,130 four 37,695 43,978 18,848 62,825 In April 2022, Navios Partners agreed to purchase four 115,000 58,500 4,158 during 2024 23,400 four 35,100 25,063 12,532 37,595 In June 2022, Navios Partners agreed to purchase two newbuilding liquefied natural gas (LNG) dual fuel 7,700 115,510 the second half of 2024 and the first quarter of 2025 92,408 four 23,102 46,204 46,204 92,408 In November 2022, Navios Partners agreed to acquire two 115,000 60,500 4,158 first half of 2025 24,200 four and the remaining amount of $ 36,300 12,100 12,100 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 18,000 second half of 2025 and the first half of 2026 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 18,000 second half of 2026 and the first half of 2027 Upon acquisition of the majority of outstanding stock of Navios Maritime Acquisition Corporation (“Navios Acquisition”), Navios Partners assumed the following commitments: In September 2018, Navios Acquisition agreed to a 12-year two 313,433 313,486 October 28, 2020 February 17, 2021 1,767 In the first quarter of 2019, Navios Acquisition exercised its option to a 12-year 313,239 August 30, 2021 1,608 In the second quarter of 2020, Navios Acquisition exercised its option for the Nave Celeste, a newbuilding Japanese VLCC of 313,418 12-year July 5, 2022 1,051 As of June 30, 2023, an amount of $ 32,189 As of June 30, 2023, the Company’s future minimum lease commitments under the Company’s bareboat-in contracts for undelivered vessels, are as follows: Commitments and Contingencies - Future minimum contractual obligations Period ending June 30, Amount 2024 $ — 2025 — 2026 2,545 2027 9,728 2028 12,371 2029 and thereafter 99,338 Total $ 123,982

Transactions with related parti

Transactions with related parties and affiliates	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Transactions with related parties and affiliates	NOTE 12 – TRANSACTIONS WITH RELATED PARTIES AND AFFILIATES Transactions with related parties and affiliates Vessel operating expenses: 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 Tankers Manager pursuant to the terms of Navios Acquisition’s management agreement with Tankers Manager (the “NNA Management Agreement” and together with the Management Agreement and the NMCI Management Agreement, the “Management Agreements”). The Management Agreements also provide for a technical and commercial management fee of $ 0.05 3 Following completion of the mergers with Navios Containers and Navios Acquisition, the Managers provided commercial and technical management services to Navios Partners’ vessels until December 31, 2021 for a daily fee of: (a) $ 4.35 per Ultra-Handymax Vessel; (b) $ 4.45 per Panamax Vessel; (c) $ 5.41 per Capesize Vessel; (d) $ 6.1 per Containership of TEU 1,300 up to 3,400; (e) $ 6.22 per Containership of TEU 3,450 up to 4,999; (f) $ 6.9 per Containership of TEU 6,800; (g) $ 7.78 per Containership of TEU 8,000 up to 9,999; (h) $ 8.27 per Containership of TEU 10,000 up to 11,999; (i) $ 6.83 per MR2 and MR1 product tanker and chemical tanker vessel; (j) $ 7.23 per LR1 product tanker vessel; and (k) $ 9.65 per VLCC. Commencing from January 1, 2022 vessel operating expenses were fixed for one year 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. Pursuant to the acquisition of the 36-vessel drybulk 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 Commencing from January 1, 2023 vessel operating expenses are fixed for one year for a daily fee of: (a) $ 4.62 4.72 5.74 6.47 6.59 7.32 8.25 8.77 7.24 7.67 10.24 The Management Agreements also provide for payment of a termination fee, equal to the fees charged for the full calendar year preceding the termination date in the event the agreements are terminated on or before December 31, 2024. Drydocking expenses are reimbursed at cost for all vessels. 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, scrubber system installation, and other improvements under the Company’s Management Agreements, amounted to $ 14,154 19,743 During the three and six month periods ended June 30, 2022 certain extraordinary fees and costs related to vessels’ regulatory requirements, including ballast water treatment system installation and exhaust gas cleaning system installation under Company’s Management Agreements, amounted to $ 3,628 6,274 During three and six month periods ended June 30, 2023, certain extraordinary fees and costs related to COVID-19 measures, including crew related expenses, amounted to $ 997 2,291 During the three and six month periods ended June 30, 2022, certain extraordinary fees and costs related to COVID-19 measures, including crew related expenses, amounted to $ 2,342 5,297 Total vessel operating expenses for the three and six month periods ended June 30, 2023 amounted to $ 82,550 165,766 Total vessel operating expenses for the three and six month periods ended June 30, 2022 amounted to $ 73,989 147,161 General and administrative expenses: Total general and administrative expenses charged by the Manager for the three and six month periods ended June 30, 2023 amounted to $ 15,755 29,861 10,318 20,523 Balance due from/ (to) related parties: 39,519 41,403 2,647 0 0 104,751 Others: General partner:

Cash distributions and earnings

Cash distributions and earnings per unit	6 Months Ended
	Jun. 30, 2023
Cash Distributions And Earnings Per Unit
Cash distributions and earnings per unit	NOTE 13 – CASH DISTRIBUTIONS AND EARNINGS PER UNIT 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: 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 Incentive Distribution Right Holder General 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 2022, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended December 31, 2021 of $ 0.05 February 11, 2022 February 9, 2022 1,541 In April 2022, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended March 31, 2022 of $ 0.05 May 12, 2022 May 9, 2022 1,541 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 February 14, 2023 February 10, 2023 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 May 12, 2023 May 9, 2023 1,540 In July 2023, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended June 30, 2023 of $ 0.05 August 11, 2023 August 8, 2023 1,540 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, 2023 and 2022. The calculations of the basic and diluted earnings per unit are presented below. Cash distribution and earnings per unit - Schedule of earnings per unit, Basic and Diluted Three Month Period Ended Three Month Period Ended Six Month Period Ended Six Month Period Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 (unaudited) (unaudited) (unaudited) (unaudited) Net income $ 112,308 $ 118,160 $ 211,473 $ 203,825 Income attributable to: Common unitholders $ 110,062 $ 115,797 $ 207,245 $ 199,749 Weighted average units outstanding basic Common unitholders 30,183,387 30,154,171 30,183,387 30,154,171 Earnings per unit basic: Common unitholders $ 3.65 $ 3.84 $ 6.87 $ 6.62 Weighted average units outstanding diluted Common unitholders 30,184,388 30,197,087 30,184,388 30,197,087 Earnings per unit diluted: Common unitholders $ 3.65 $ 3.83 $ 6.87 $ 6.61 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 1,001 42,916

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases
Leases	NOTE 14 – LEASES 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 22 – Leases to the Company’s consolidated financial statements included in the Annual Report filed on Form 20-F on March 24, 2023 with the SEC for the year ended December 31, 2022. 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 5 6 4 As of June 30, 2023 and December 31, 2022, the outstanding balance of the operating lease liability amounted to $ 290,857 311,115 297,644 323,048 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 months period ended June 30, 2023 amounted to $ 17,418 34,751 7,702 15,319 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 43,120 18,117 34,299 As of June 30, 2023, the weighted average useful life of the remaining operating lease terms was 9.3 The table below provides the total amount of lease payments on an undiscounted basis on the Company’s chartered-in contracts as of June 30, 2023: Leases Period ending June 30, Amount 2024 $ 50,472 2025 41,071 2026 38,340 2027 37,891 2028 37,312 2029 and thereafter 167,892 Total $ 372,978 Operating lease liabilities, including current portion $ 290,857 Discount based on incremental borrowing rate $ 82,121 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 filed on Form 20-F on March 24, 2023 with the SEC for the year ended December 31, 2022. 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 39,865 As of June 30, 2023, the weighted average useful life of the remaining finance lease terms was 9.1 The table below provides the total amount of lease payments and options to acquire vessels on an undiscounted basis under the Company’s finance leases as of June 30, 2023: Leases - Finance Leases Period ending June 30, Amount 2024 $ 58,259 2025 160,957 2026 36,753 2027 36,307 2028 35,997 2029 and thereafter 347,103 Total $ 675,376 Finance lease liabilities, including current portion (see Note 6 – Borrowings) $ 481,305 Discount based on incremental borrowing rate $ 194,071 Bareboat charter-out contract Subsequently to the charter-in agreement, the Company entered into bareboat charter-out agreements for a firm charter period of ten years The Company recognizes in relation to the operating leases for the charter-out agreements the charter-out hire income in the Consolidated Statements of Operations on a straight-line basis. For the three and six month periods ended June 30, 2023 the charter hire income (net of commissions, if any) amounted to $ 8,065 16,042 5,247 10,432 harter hire income (net of commissions, if any) is presented under the caption “Time charter and voyage revenues” in the condensed Consolidated Statements of Operations.

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent events	NOTE 15 – SUBSEQUENT EVENTS Subsequent events In August 2023, Navios Partners agreed to acquire two newbuilding Japanese MR2 Product Tanker 20,000 first half of 2027 In August 2023, Navios Partners agreed to acquire from an unrelated third party, the Navios Horizon I, a 2019 -built Kamsarmax vessel of 81,692 dwt (previously chartered-in) for an acquisition price of $ 27,950 million. The delivery of the vessel is expected within the third quarter of 2023

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of presentation	(a) Basis of presentation 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, (see Note 4 – Vessels) to continue in operation and meet its financial commitments, including but not limited to, capital expenditures and debt service obligations, for a period of at least twelve months from the date of issuance of 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. Notwithstanding the foregoing, it is possible that these tensions might eventually have an adverse impact on our business, financial condition, results of operations and cash flows. Interest rates have increased significantly as central banks in Europe, United States and other developed countries raise interest rates in an effort to reduce the inflation effect. The eventual implications of tighter monetary policy, and potentially higher long-term interest rates may drive a higher cost of capital for the Company.
Principles of consolidation	(b) Principles of consolidation : 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: A discussion of the Company’s significant accounting policies can be found in Note 2 to the Company’s consolidated financial statements included in the Annual Report filed on Form 20-F on March 24, 2023 with the SEC for the year ended December 31, 2022. There have been no material changes to these policies in the six months ended June 30, 2023, apart from those discussed below. As of June 30, 2023, the Company has elected one of the optional expedients provided in the ASU 2020-04 Reference Rate Reform and its update that allows entities with contract modifications within the scope of Topic 470, for which the terms that are modified solely relate to directly replacing, or having the potential to replace a reference rate with another interest rate index, to account for the modification that meets the scope of paragraphs 848-20-15-2 through 15-3 as if the modification was not substantial. That is, the original contract and the new contract shall be accounted for as if they were not substantially different from one another, and the modification shall not be accounted for in the same manner as a debt extinguishment. As of June 30, 2023, the Company has entered into certain amendments in the existing loan agreements in order to replace the reference rate from Libor to Secured Overnight Financing Rate (“SOFR”). The Company will continue to evaluate the potential impact of adopting the standards on its consolidated financial statements.
Revenue and Expense Recognition	(c) Revenue and Expense Recognition Revenue from time 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 $ 300,689 255,288 568,361 476,606 Revenue from voyage contracts 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 $ 31,302 10,835 55,052 17,406 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 on the accrual basis and is recognized when an agreement with the pool exists, price is fixed, service is provided and the 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 $ 14,947 13,726 32,997 22,392 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 $ 0 812 50 874 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 on Form 20-F for the year ended December 31, 2022.

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	6 Months Ended
	Jun. 30, 2023
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents June 30, 2023 December 31, 2022 Cash and cash equivalents $ 261,416 $ 157,814 Restricted cash 8,636 17,284 Total cash and cash equivalents and restricted cash $ 270,052 $ 175,098

Vessels, net (Tables)

Vessels, net (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Vessels, net	Vessels, net Total Vessels Cost Accumulated Net Book Value Balance December 31, 2022 $ 4,292,150 $ (514,821) $ 3,777,329 Additions/ (Depreciation) 271,703 (98,846) 172,857 Disposals (232,920) 16,777 (216,143) Balance June 30, 2023 $ 4,330,933 $ (596,890) $ 3,734,043 The above balances as of June 30, 2023 are analyzed in the following tables: Owned Vessels Cost Accumulated Net Book Value Balance December 31, 2022 $ 3,757,903 $ (505,943) $ 3,251,960 Additions/ (Depreciation) 110,220 (87,232) 22,988 Disposals (176,846) 15,686 (161,160) Balance June 30, 2023 $ 3,691,277 $ (577,489) $ 3,113,788 Right-of-use assets under finance Lease Cost Accumulated Net Book Value Balance December 31, 2022 $ 534,247 $ (8,878) $ 525,369 Additions/ (Depreciation) 161,483 (11,614) 149,869 Transfers to owned vessels (56,074) 1,091 (54,983) Balance June 30, 2023 $ 639,656 $ (19,401) $ 620,255

Intangible Assets and Liabili_2

Intangible Assets and Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Liabilities - Intangible Assets, Favorable Lease	Intangible Assets and Liabilities - Intangible Assets, Favorable Lease Cost Accumulated Net Book Value Favorable lease terms December 31, 2022 $ 211,644 $ (132,928) $ 78,716 Amortization — (9,207) (9,207) Favorable lease terms June 30, 2023 $ 211,644 $ (142,135) $ 69,509
Intangible Assets and Liabilities - Amortization of Favorable Lease Terms	Intangible Assets and Liabilities - Amortization of Favorable Lease Terms Three Month Period Ended Three Month Period Ended June 30, 2022 Six Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2022 (unaudited) (unaudited) (unaudited) (unaudited) Favorable lease terms $ (4,539) $ (5,565) $ (9,207) $ (12,430) Total $ (4,539) $ (5,565) $ (9,207) $ (12,430)
Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets	Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets Period Amount 2024 $ 18,156 2025 17,702 2026 11,182 2027 5,115 2028 4,982 2029 and thereafter 12,372 Total $ 69,509
Intangible Assets And Liabilities - Intangible Liabilities, Unfavorable Lease	Intangible Assets And Liabilities - Intangible Liabilities, Unfavorable Lease Cost Accumulated Net Book Value Unfavorable lease terms December 31, 2022 $ (231,407) $ 183,501 $ (47,906) Amortization — 12,910 12,910 Unfavorable lease terms June 30, 2023 $ (231,407) $ 196,411 $ (34,996)
Intangible Assets And Liabilities - Amortization of Unfavorable Lease Terms	Intangible Assets And Liabilities - Amortization of Unfavorable Lease Terms Three Month Period Ended Three Month Period Ended Six Month Period Ended Six Month Period Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 (unaudited) (unaudited) (unaudited) (unaudited) Unfavorable lease terms $ 5,322 $ 17,587 $ 12,910 $ 39,426 Total $ 5,322 $ 17,587 $ 12,910 $ 39,426
Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities	Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities Period Amount 2024 $ 13,319 2025 12,204 2026 9,473 2027 — 2028 — 2029 and thereafter — Total $ 34,996

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Borrowings	Borrowings June 30, 2023 December 31, 2022 Credit facilities $ 933,627 $ 874,038 Financial liabilities 526,156 695,934 Finance lease liabilities 481,305 389,007 Total borrowings $ 1,941,088 $ 1,958,979 Less: Current portion of long-term borrowings, net (303,249) (391,095) Less: Deferred finance costs, net (16,385) (13,532) Long-term borrowings, net $ 1,621,454 $ 1,554,352
Borrowings - Maturities of Long Term Debt	Borrowings - Maturities of Long Term Debt Period Amount 2024 $ 308,970 2025 550,942 2026 294,971 2027 227,426 2028 162,441 2029 and thereafter 396,338 Total $ 1,941,088

Fair value of financial instr_2

Fair value of financial instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments June 30, 2023 December 31, 2022 Book Value Fair Value Book Value Fair Value Cash and cash equivalents $ 261,416 $ 261,416 $ 157,814 $ 157,814 Restricted cash $ 8,636 $ 8,636 $ 17,284 $ 17,284 Amounts due from related parties, long-term $ 39,519 $ 39,519 $ 41,403 $ 41,403 Amounts due from related parties, short-term $ 2,647 $ 2,647 $ — $ — Amounts due to related parties, short-term $ — $ — $ (104,751) $ (104,751) Credit facilities and financial liabilities, including current portion, net $ (1,443,398) $ (1,459,783) $ (1,556,440) $ (1,569,972)
Fair Value Measurements - Fair value measurements on a Nonrecurring basis	Fair Value Measurements - Fair value measurements on a Nonrecurring basis Fair Value Measurements as at June 30, 2023 Total Level I Level II Level III Cash and cash equivalents $ 261,416 $ 261,416 $ — $ — Restricted cash $ 8,636 $ 8,636 $ — $ — Amounts due from related parties, long-term $ 39,519 $ — $ 39,519 $ — Amounts due from related parties, short-term $ 2,647 $ — $ 2,647 $ — Credit facilities and financial liabilities, net (1) $ (1,459,783) $ — $ (1,459,783) $ — Fair Value Measurements as at December 31, 2022 Total Level I Level II Level III Cash and cash equivalents $ 157,814 $ 157,814 $ — $ — Restricted cash $ 17,284 $ 17,284 $ — $ — Amounts due from related parties, long-term $ 41,403 $ — $ 41,403 $ — Amounts due to related parties, short-term $ (104,751) $ — $ (104,751) $ — Credit facilities and financial liabilities, net (1) $ (1,569,972) $ — $ (1,569,972) $ — (1) The fair value of the Company’s credit facilities and financial liabilities is estimated based on currently available credit facilities and financial liabilities with similar contract terms, 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	Fair Value Measurements - Fair value of assets measured at fair value on a non-recurring basis Fair Value Measurements as at December 31, 2022 Total Level I Level II Level III Vessels, net $ 57,402 $ — $ 57,402 $ —

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information - Revenue by Geographic Region	Segment Information - Revenue by Geographic Region Three Month Period Ended June 30, 2023 Three Month Period Ended June 30, 2022 Six Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2022 (unaudited) (unaudited) (unaudited) (unaudited) Asia $ 249,486 $ 180,047 $ 450,239 $ 321,244 Europe 57,901 77,047 117,352 150,963 America 39,551 23,567 88,869 45,071 Total $ 346,938 $ 280,661 $ 656,460 $ 517,278

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies - Future minimum contractual obligations	Commitments and Contingencies - Future minimum contractual obligations Period ending June 30, Amount 2024 $ — 2025 — 2026 2,545 2027 9,728 2028 12,371 2029 and thereafter 99,338 Total $ 123,982

Cash distributions and earnin_2

Cash distributions and earnings per unit (Tables)	6 Months Ended
	Jun. 30, 2023
Cash Distributions And Earnings Per Unit
Cash Distributions and Earnings per Unit - Schedule of Incentive Distributions Made To General Partners Or Unitholders By Distribution	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 Incentive Distribution Right Holder General 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 distribution and earnings per unit - Schedule of earnings per unit, Basic and Diluted	Cash distribution and earnings per unit - Schedule of earnings per unit, Basic and Diluted Three Month Period Ended Three Month Period Ended Six Month Period Ended Six Month Period Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 (unaudited) (unaudited) (unaudited) (unaudited) Net income $ 112,308 $ 118,160 $ 211,473 $ 203,825 Income attributable to: Common unitholders $ 110,062 $ 115,797 $ 207,245 $ 199,749 Weighted average units outstanding basic Common unitholders 30,183,387 30,154,171 30,183,387 30,154,171 Earnings per unit basic: Common unitholders $ 3.65 $ 3.84 $ 6.87 $ 6.62 Weighted average units outstanding diluted Common unitholders 30,184,388 30,197,087 30,184,388 30,197,087 Earnings per unit diluted: Common unitholders $ 3.65 $ 3.83 $ 6.87 $ 6.61 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, 2023
Leases
Leases	Leases Period ending June 30, Amount 2024 $ 50,472 2025 41,071 2026 38,340 2027 37,891 2028 37,312 2029 and thereafter 167,892 Total $ 372,978 Operating lease liabilities, including current portion $ 290,857 Discount based on incremental borrowing rate $ 82,121
Leases - Finance Leases	Leases - Finance Leases Period ending June 30, Amount 2024 $ 58,259 2025 160,957 2026 36,753 2027 36,307 2028 35,997 2029 and thereafter 347,103 Total $ 675,376 Finance lease liabilities, including current portion (see Note 6 – Borrowings) $ 481,305 Discount based on incremental borrowing rate $ 194,071

Description of Business (Detail

Description of Business (Details Narrative) - shares	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Formation date	August 7, 2007
Limited Liability Company or Limited Partnership, Managing Member or General Partner, Name	Olympos Maritime Ltd.
Common units outstanding	30,184,388	30,184,388
General partner units oustanding	622,296	622,296
Navios Holdings [Member]
Ownership percentage of Navios Holdings	10.30%
Olympos Maritime Ltd [Member]
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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Time charter [Member]
Revenues	$ 300,689	$ 255,288	$ 568,361	$ 476,606
Voyage contracts [Member]
Revenues	31,302	10,835	55,052	17,406
Pooling arrangements [Member]
Revenues	14,947	13,726	32,997	22,392
Profit sharing [Member]
Revenues	$ 0	$ 812	$ 50	$ 874

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 261,416	$ 157,814
Restricted cash	8,636	17,284
Total cash and cash equivalents and restricted cash	$ 270,052	$ 175,098	$ 174,624	$ 169,446

Cash and Cash Equivalents (De_2

Cash and Cash Equivalents (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Restricted cash	$ 8,636	$ 17,284

Vessels, net (Details)

Vessels, net (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Property, Plant and Equipment [Line Items]
Beginning balance	$ 3,777,329
Ending balance	3,734,043
Vessels [Member] | Cost [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	4,292,150
Additions/ (Depreciation)	271,703
Disposals	(232,920)
Ending balance	4,330,933
Vessels [Member] | Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	(514,821)
Additions/ (Depreciation)	(98,846)
Disposals	16,777
Ending balance	(596,890)
Vessels [Member] | Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	3,777,329
Additions/ (Depreciation)	172,857
Disposals	(216,143)
Ending balance	3,734,043
Owned Vessels [Member] | Cost [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	3,757,903
Additions/ (Depreciation)	110,220
Disposals	(176,846)
Ending balance	3,691,277
Owned Vessels [Member] | Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	(505,943)
Additions/ (Depreciation)	(87,232)
Disposals	15,686
Ending balance	(577,489)
Owned Vessels [Member] | Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	3,251,960
Additions/ (Depreciation)	22,988
Disposals	(161,160)
Ending balance	3,113,788
Right-of-use assets under finance lease [Member] | Cost [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	534,247
Additions/ (Depreciation)	161,483
Transfers to owned vessels	(56,074)
Ending balance	639,656
Right-of-use assets under finance lease [Member] | Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	(8,878)
Additions/ (Depreciation)	(11,614)
Transfers to owned vessels	1,091
Ending balance	(19,401)
Right-of-use assets under finance lease [Member] | Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Beginning balance	525,369
Additions/ (Depreciation)	149,869
Transfers to owned vessels	(54,983)
Ending balance	$ 620,255

Vessels, net (Details Narrative

Vessels, net (Details Narrative) $ in Thousands

1 Months Ended

2 Months Ended

3 Months Ended

4 Months Ended

5 Months Ended

6 Months Ended

7 Months Ended

Jan. 09, 2023 USD ($)

Feb. 07, 2023 USD ($)

Feb. 05, 2023 USD ($)

Feb. 03, 2023 USD ($)

Jan. 26, 2023 USD ($)

Jan. 24, 2023 USD ($)

Jan. 17, 2023 USD ($)

Mar. 06, 2023 USD ($)

Mar. 03, 2023 USD ($)

Jun. 30, 2023 USD ($)

Apr. 05, 2023 USD ($)

Mar. 29, 2023 USD ($)

Jun. 30, 2022 USD ($)

May 10, 2023

May 04, 2023 USD ($)

May 03, 2023 USD ($)

Apr. 27, 2023 USD ($)

May 16, 2023 USD ($)

Jun. 30, 2023 USD ($)

Jun. 21, 2023 USD ($)

Jun. 30, 2022 USD ($)

Jul. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Property, Plant and Equipment [Line Items]

Finance Lease, Liability, Current

$ 143,025

$ 143,025

$ 216,955

Payments for Capital Improvements

70,574

$ 6,274

Proceeds from Sale of Property, Plant, and Equipment

215,839

0

Gain (Loss) on Disposition of Property Plant Equipment

10,151

$ 0

43,601

0

Dry dock and special survey costs, net

11,078

11,078

Property, Plant and Equipment, Net

3,734,043

3,734,043

$ 3,777,329

Management Agreement [Member]

Property, Plant and Equipment [Line Items]

Payments for Capital Improvements

21,342

$ 6,274

Navios Amber [Member]

Property, Plant and Equipment [Line Items]

Increase in finance lease liability

1,877

Finance Lease, Liability, Current

46,663

46,663

Navios Amethyst [Member]

Property, Plant and Equipment [Line Items]

Increase in finance lease liability

2,346

Vessel year built

2023

Vessel type

Capesize

Vessel capacity in DWT

182,212

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

$ 63,690

Navios Sakura [Member]

Property, Plant and Equipment [Line Items]

Increase in finance lease liability

2,579

Vessel year built

2023

Vessel type

Capesize

Vessel capacity in DWT

182,169

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

$ 49,770

Navios Altair [Member]

Property, Plant and Equipment [Line Items]

Increase in finance lease liability

2,815

Vessel year built

2023

Vessel type

Capesize

Vessel capacity in DWT

182,115

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

$ 45,934

Navios Felix [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2016

Vessel type

Capesize

Vessel capacity in DWT

181,221

Payments to Acquire Property, Plant, and Equipment

$ 42,879

Capitalized expenses

1,600

Additions

$ 53,232

Navios Meridian [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2023

Vessel type

Panamax

Vessel capacity in DWT

82,010

Additions

$ 35,605

Navios Serenitas N [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2011

Vessel type

Ultra-Handymax

Vessel capacity in DWT

56,644

Proceeds from Sale of Property, Plant, and Equipment

$ 12,005

Navios Libertas [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2007

Vessel type

Panamax

Vessel capacity in DWT

75,511

Proceeds from Sale of Property, Plant, and Equipment

$ 13,524

Navios Anthos [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2004

Vessel type

Panamax

Vessel capacity in DWT

75,798

Proceeds from Sale of Property, Plant, and Equipment

$ 10,780

Navios Aurora N [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2008

Vessel type

LR1

Vessel capacity in DWT

63,495

Proceeds from Sale of Property, Plant, and Equipment

$ 21,875

Navios Nave Photon [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2008

Vessel type

VLCC

Vessel capacity in DWT

297,395

Proceeds from Sale of Property, Plant, and Equipment

$ 52,000

Navios Prosperity I [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2007

Vessel type

Panamax

Vessel capacity in DWT

75,527

Proceeds from Sale of Property, Plant, and Equipment

$ 13,337

Navios Jupiter N [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2011

Vessel type

Post-Panamax

Vessel capacity in DWT

93,062

Proceeds from Sale of Property, Plant, and Equipment

$ 16,096

Navios Star N [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2009

Vessel type

MR1

Vessel capacity in DWT

37,836

Proceeds from Sale of Property, Plant, and Equipment

$ 17,738

Navios Amaryllis [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2008

Vessel type

Ultra-Handymax

Vessel capacity in DWT

58,735

Proceeds from Sale of Property, Plant, and Equipment

$ 14,798

Navios Nave Polaris [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2011

Vessel type

Chemical Tanker

Vessel capacity in DWT

25,145

Proceeds from Sale of Property, Plant, and Equipment

$ 14,909

Navios Nave Dorado [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2005

Vessel type

MR2

Vessel capacity in DWT

47,999

Proceeds from Sale of Property, Plant, and Equipment

$ 15,313

Navios Nave Cosmos [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2010

Vessel type

Chemical Tanker

Vessel capacity in DWT

25,130

Proceeds from Sale of Property, Plant, and Equipment

$ 13,464

Nave Lumen N [Member] | Vessels Agreed To Be Sold [Member]

Property, Plant and Equipment [Line Items]

Vessel year built

2008

Vessel type

LR1

Vessel capacity in DWT

63,599

Proceeds from Sale of Property, Plant, and Equipment

$ 21,583

Property, Plant and Equipment, Net

$ 14,246

$ 14,246

Intangible Assets and Liabili_3

Intangible Assets and Liabilities - Intangible Assets, Favorable Lease (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 78,716
Amortization	(9,207)
Ending balance	69,509
Cost [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	211,644
Amortization	0
Ending balance	211,644
Accumulated Depreciation [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	(132,928)
Amortization	(9,207)
Ending balance	$ (142,135)

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Favorable lease terms	$ (4,539)	$ (5,565)	$ (9,207)	$ (12,430)
Total	$ (4,539)	$ (5,565)	$ (9,207)	$ (12,430)

Intangible Assets and Liabili_5

Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 18,156
2025	17,702
2026	11,182
2027	5,115
2028	4,982
2029 and thereafter	12,372
Total	$ 69,509	$ 78,716

Intangible Assets And Liabili_6

Intangible Assets And Liabilities - Intangible Liabilities, Unfavorable Lease (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 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	183,501
Amortization	12,910
Ending balance	196,411
Net Book Value [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	(47,906)
Amortization	12,910
Ending balance	$ (34,996)

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Unfavorable lease terms	$ 5,322	$ 17,587	$ 12,910	$ 39,426
Total	$ 5,322	$ 17,587	$ 12,910	$ 39,426

Intangible Assets And Liabili_8

Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 13,319
2025	12,204
2026	9,473
2027	0
2028	0
2029 and thereafter	0
Total	$ 34,996	$ 47,906

Intangible Assets and Liabili_9

Intangible Assets and Liabilities (Details Narrative)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization method	straight-line
Remaining favorable lease terms	5 years 2 months 12 days
Amortization method	straight-line
Remaining unfavorable lease terms	2 years 9 months 18 days

Borrowings (Details)

Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Credit facilities	$ 933,627	$ 874,038
Financial liabilities	526,156	695,934
Finance lease liabilities	481,305	389,007
Total borrowings	1,941,088	1,958,979
Less: Current portion of long-term borrowings, net	(303,249)	(391,095)
Less: Deferred finance costs, net	(16,385)	(13,532)
Long-term borrowings, net	$ 1,621,454	$ 1,554,352

Borrowings - Maturities of Long

Borrowings - Maturities of Long Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
2024	$ 308,970
2025	550,942
2026	294,971
2027	227,426
2028	162,441
2029 and thereafter	396,338
Total borrowings	$ 1,941,088	$ 1,958,979

Borrowings (Details Narrative)

Borrowings (Details Narrative)

2 Months Ended

3 Months Ended

4 Months Ended

5 Months Ended

6 Months Ended

Jan. 05, 2023 USD ($)

Mar. 10, 2023 USD ($)

Feb. 28, 2023 USD ($)

Feb. 16, 2023 USD ($)

Mar. 31, 2023 USD ($)

Mar. 29, 2023 USD ($)

Jun. 30, 2022 USD ($)

May 03, 2023 USD ($)

May 02, 2023 USD ($)

Apr. 27, 2023 USD ($)

Apr. 25, 2023 USD ($)

Apr. 21, 2023 USD ($)

Apr. 19, 2023 USD ($)

Jun. 12, 2023 USD ($)

May 31, 2023

Jun. 30, 2023 USD ($)

Jun. 28, 2023 USD ($)

Jun. 26, 2023 USD ($)

Jun. 21, 2023 USD ($)

Jun. 20, 2023 USD ($)

Jun. 16, 2023 USD ($)

Jun. 30, 2022 USD ($)

Dec. 31, 2022 USD ($)

Jul. 29, 2022

Mar. 31, 2022

Debt Instrument [Line Items]

Amount drawn down

$ 933,627,000

$ 874,038,000

Outstanding balance of sale and leaseback agreement

481,305,000

389,007,000

Finance Lease, Interest Expense

$ 7,457,000

$ 0

12,622,000

$ 0

Payments related to finance lease liabilities

$ 6,431,000

$ 12,119,000

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, 2023, 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, at Point in Time

7.44%

3.98%

7.20%

3.98%

4.27%

Financial Liabilities [Member] | Navios Meridian [member]

Debt Instrument [Line Items]

Line of Credit Facility, Frequency of Payments

monthly

Maturity date

first quarter of 2033

Debt Instrument, Description of Variable Rate Basis

Libor

Debt Instrument, Basis Spread on Variable Rate

1.80%

Sale Leaseback Transaction, Date

January 2022

Finance lease, liability

$ 27,440,000

Vessel type

Panamax

Vessel capacity in DWT

82,010

Number of repayment installments

120

Sale Leaseback Transaction, Monthly Rental Payments

$ 152,000

Purchase Obligation

9,147,000

Outstanding balance of sale and leaseback agreement

26,678,000

Financial Liabilities [Member] | Navios Felix [member]

Debt Instrument [Line Items]

Amount drawn down

$ 32,000,000

Line of Credit Facility, Frequency of Payments

monthly

Maturity date

first quarter of 2033

Debt Instrument, Description of Variable Rate Basis

Libor

Debt Instrument, Basis Spread on Variable Rate

2%

Sale Leaseback Transaction, Date

February 2023

Vessel type

Capesize

Vessel capacity in DWT

181,221

Number of repayment installments

120

Sale Leaseback Transaction, Monthly Rental Payments

$ 260,000

Outstanding balance of sale and leaseback agreement

30,958,000

Vessel year built

2016

Purchase option

$ 750

Financial Liabilities [Member] | Two new building 5,300 TEU containerships and two newbuilding Aframax/ LR2 tanker vessels [Member]

Debt Instrument [Line Items]

Maturity date

ten years after the drawdown

Debt Instrument, Description of Variable Rate Basis

Term SOFR

Debt Instrument, Basis Spread on Variable Rate

2.10%

Sale Leaseback Transaction, Date

May 2023

Finance lease, liability

$ 178,000,000

Finance Lease Liabilities [Member] | Navios Amber I [Member]

Debt Instrument [Line Items]

Vessel type

Panamax

Vessel capacity in DWT

80,994

Vessel year built

2015

Purchase option

$ 30,690,000

Date of delivery

July 29, 2022

Lessee, Operating Lease, Description

one-year

Lessee, Operating Lease, Discount Rate

6%

6%

Increase in finance lease liability

$ 1,877,000

Outstanding balance under bareboat and charter in agreement

$ 33,963,000

Debt Instrument, Frequency of Periodic Payment

monthly

Debt Instrument, Periodic Payment

$ 303,000

Finance Lease Liabilities [Member] | Navios Altair I [Member]

Debt Instrument [Line Items]

Vessel type

Capesize

Vessel capacity in DWT

182,115

Vessel year built

2023

Purchase option

$ 9,500,000

Date of delivery

March 29, 2023

Lessee, Operating Lease, Description

15-year

Lessee, Operating Lease, Discount Rate

6.50%

Outstanding balance under bareboat and charter in agreement

40,775,000

Debt Instrument, Frequency of Periodic Payment

monthly

Debt Instrument, Periodic Payment

$ 298,000

Repayment years

15

Finance Lease Liabilities [Member] | Navios Sakura I [Member]

Debt Instrument [Line Items]

Vessel type

Capesize

Vessel capacity in DWT

182,169

Vessel year built

2023

Purchase option

$ 9,500,000

Date of delivery

April 27, 2023

Lessee, Operating Lease, Description

15-year

Lessee, Operating Lease, Discount Rate

5.80%

Outstanding balance under bareboat and charter in agreement

44,509,000

Debt Instrument, Frequency of Periodic Payment

monthly

Debt Instrument, Periodic Payment

$ 334,000

Repayment years

15

Finance Lease Liabilities [Member] | Navios Amethyst I [Member]

Debt Instrument [Line Items]

Vessel type

Capesize

Vessel capacity in DWT

182,212

Vessel year built

2023

Purchase option

$ 10,500,000

Date of delivery

June 21, 2023

Lessee, Operating Lease, Description

15-year

Lessee, Operating Lease, Discount Rate

5.60%

Outstanding balance under bareboat and charter in agreement

59,521,000

Debt Instrument, Frequency of Periodic Payment

monthly

Debt Instrument, Periodic Payment

$ 399,000

Repayment years

15

Sale and Leaseback Agreements [Member]

Debt Instrument [Line Items]

Deposits

$ 0

$ 8,650,000

First-Citizens Bank & Trust Company [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Initiation Date

Dec. 21, 2022

Amount drawn down

$ 44,200,000

Description of scope, credit facility

to refinance the existing indebtedness of three of its tanker vessels and for general corporate purposes

Amount drawn down

$ 42,700,000

Repayment installments

19

Line of Credit Facility, Frequency of Payments

quarterly

Line of Credit Facility, Periodic Payment

$ 1,500,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

$ 14,200,000

Maturity date

first quarter of 2028

Debt Instrument, Description of Variable Rate Basis

Term Secured Overnight Financing Rate (“Term SOFR”)

Debt Instrument, Basis Spread on Variable Rate

1.95%

DNB BANK ASA Credit Facility [Member]

Debt Instrument [Line Items]

Description of scope, credit facility

to finance part of the contract price of four newbuilding container vessels, currently under construction

Maturity date

ten years after drawdown

Debt Instrument, Description of Variable Rate Basis

SOFR

Debt Instrument, Basis Spread on Variable Rate

1.70%

Line of Credit Facility, Maximum Borrowing Capacity

$ 161,600,000

Skandinaviska Enskilda Banken AB [Member]

Debt Instrument [Line Items]

Amount drawn down

$ 65,000,000

Description of scope, credit facility

to refinance the existing indebtedness of five of its tanker vessels and for general corporate purposes

Amount drawn down

$ 65,000,000

Repayment installments

20

Line of Credit Facility, Frequency of Payments

quarterly

Line of Credit Facility, Periodic Payment

$ 1,950,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

$ 26,000,000

Maturity date

second quarter of 2028

Debt Instrument, Description of Variable Rate Basis

SOFR

Debt Instrument, Basis Spread on Variable Rate

2%

KFW IPEX-BANK GMBH Credit Facility [Member]

Debt Instrument [Line Items]

Amount drawn down

27,026,000

Description of scope, credit facility

to finance the acquisition of two newbuilding 7,700 TEU containerships

Amount drawn down

27,026,000

Maturity date

12 years

Debt Instrument, Description of Variable Rate Basis

SOFR

Debt Instrument, Basis Spread on Variable Rate

1.50%

Line of Credit Facility, Maximum Borrowing Capacity

$ 165,638,000

Eurobank SA [Member]

Debt Instrument [Line Items]

Amount drawn down

$ 30,000,000

Description of scope, credit facility

to refinance the existing indebtedness of three of its tanker vessels and for general corporate purposes

Amount drawn down

30,000,000

Repayment installments

20

Line of Credit Facility, Frequency of Payments

quarterly

Line of Credit Facility, Periodic Payment

$ 900,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

$ 12,000,000

Maturity date

second quarter of 2028

Debt Instrument, Description of Variable Rate Basis

SOFR

Eurobank SA [Member] | Any part of the loan (up to 70%) [Member]

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

1%

Eurobank SA [Member] | Remaining amount [Member]

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

2.25%

BNP Paribas [Member]

Debt Instrument [Line Items]

Amount drawn down

$ 40,000,000

Description of scope, credit facility

to refinance the existing indebtedness of nine of its containerships

Amount drawn down

40,000,000

Repayment installments

12

Line of Credit Facility, Frequency of Payments

quarterly

Line of Credit Facility, Periodic Payment

$ 2,083,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

$ 15,004,000

Maturity date

second quarter of 2026

Debt Instrument, Description of Variable Rate Basis

SOFR

Debt Instrument, Basis Spread on Variable Rate

2.50%

June 2023 Credit Facility [Member]

Debt Instrument [Line Items]

Amount drawn down

$ 107,600,000

Description of scope, credit facility

to refinance the existing indebtedness of ten of its vessels and for general

Amount drawn down

107,600,000

Repayment installments

12

Line of Credit Facility, Frequency of Payments

quarterly

Line of Credit Facility, Periodic Payment

$ 7,000,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

$ 23,600,000

Maturity date

second quarter of 2026

Debt Instrument, Description of Variable Rate Basis

SOFR

Debt Instrument, Basis Spread on Variable Rate

2.50%

NBG Credit Facility [Member]

Debt Instrument [Line Items]

Amount drawn down

77,822,000

Description of scope, credit facility

to refinance the existing indebtedness of ten of its vessels and for general corporate purposes

Amount drawn down

77,822,000

Repayment installments

20

Line of Credit Facility, Frequency of Payments

quarterly

Line of Credit Facility, Periodic Payment

$ 2,500,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

$ 27,822,000

Maturity date

second quarter of 2028

Debt Instrument, Description of Variable Rate Basis

SOFR

Debt Instrument, Basis Spread on Variable Rate

2.15%

CACIB Credit Facility [Member]

Debt Instrument [Line Items]

Amount drawn down

62,400,000

Description of scope, credit facility

to refinance existing indebtedness of seven of its dry bulk vessels

Amount drawn down

$ 62,400,000

Repayment installments

12

Line of Credit Facility, Frequency of Payments

quarterly

Line of Credit Facility, Periodic Payment

$ 2,750,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

$ 29,400,000

Maturity date

second quarter of 2026

Debt Instrument, Description of Variable Rate Basis

SOFR

Debt Instrument, Basis Spread on Variable Rate

2.50%

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Cash and cash equivalents - Book Value		$ 261,416	$ 157,814
Cash and cash equivalents - Fair Value		261,416	157,814
Restricted cash - Book Value		8,636	17,284
Restricted cash - Fair Value		8,636	17,284
Amounts due from related parties, long-term - Book Value		39,519	41,403
Amounts due from related parties, long-term - Fair Value		39,519	41,403
Amounts due from related parties, short-term - Book Value		2,647	0
Amounts due from related parties, short-term - Fair Value		2,647	0
Amounts due to related parties, short-term - Book Value		0	(104,751)
Amounts due to related parties, short-term - Fair Value		0	(104,751)
Credit facilities and financial liabilities, including current portion, net - Book Value		(1,443,398)	(1,556,440)
Credit facilities and financial liabilities, including current portion, net - Fair Value	[1]	$ (1,459,783)	$ (1,569,972)
[1]The fair value of the Company’s credit facilities and financial liabilities is estimated based on currently available credit facilities and financial liabilities with similar contract terms, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness.

Fair Value Measurements - Fair

Fair Value Measurements - Fair value measurements on a Nonrecurring basis (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - Fair Value		$ 261,416	$ 157,814
Restricted cash - Fair Value		8,636	17,284
Amounts due from related parties, long-term - Fair Value		39,519	41,403
Amounts due from related parties, long-term - Fair Value		39,519	41,403
Amounts due from related parties, short-term - Fair Value		2,647	0
Amounts due to related parties, short-term - Fair Value		0	(104,751)
Credit facilities and financial liabilities, net (1) - Fair Value	[1]	(1,459,783)	(1,569,972)
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		261,416	157,814
Restricted cash - Fair Value		8,636	17,284
Amounts due from related parties, long-term - Fair Value		0	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, net (1) - Fair Value	[1]	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
Amounts due from related parties, long-term - Fair Value		39,519	41,403
Amounts due from related parties, short-term - Fair Value		2,647
Amounts due to related parties, short-term - Fair Value			(104,751)
Credit facilities and financial liabilities, net (1) - Fair Value	[1]	(1,459,783)	(1,569,972)
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
Amounts due from related parties, long-term - Fair Value		0	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, net (1) - Fair Value	[1]	$ 0	$ 0
[1]The fair value of the Company’s credit facilities and financial liabilities is estimated based on currently available credit facilities and financial liabilities with similar contract terms, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness.

Fair Value Measurements - Fai_2

Fair Value Measurements - Fair value of assets measured at fair value on a non-recurring basis (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Vessels, net	$ 57,402
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Vessels, net	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Vessels, net	57,402
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Vessels, net	$ 0

Repurchases and Issuance of U_2

Repurchases and Issuance of Units (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		7 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Jul. 30, 2022	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Noncash Expense			$ 2	$ 82
Estimated compensation cost related to non-vested restricted common units			$ 2
Restricted common units outstanding			1,001			1,001
Upon the NNA Merger [Member] | Restricted Stock [Member] | Share-based awards, 2018 [Member] | Directors and officers
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Noncash Expense	$ 1	$ 40	$ 2	$ 82
Common Unit Repurchase Program [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Maximum aggregate offering price					$ 100,000

Segment Information - Revenue b

Segment Information - Revenue by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 346,938	$ 280,661	$ 656,460	$ 517,278
Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	249,486	180,047	450,239	321,244
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	57,901	77,047	117,352	150,963
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 39,551	$ 23,567	$ 88,869	$ 45,071

Commitments and Contingencies -

Commitments and Contingencies - Future minimum contractual obligations (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 0
2025	0
2026	2,545
2027	9,728
2028	12,371
2029 and thereafter	99,338
Total	$ 123,982

Commitments and Contingencies_2

Commitments and Contingencies (Details Narrative) $ in Thousands

3 Months Ended

4 Months Ended

6 Months Ended

9 Months Ended

10 Months Ended

11 Months Ended

12 Months Ended

Mar. 31, 2019

Apr. 30, 2022 USD ($)

Jun. 30, 2023 USD ($)

Jun. 30, 2022 USD ($)

Jul. 02, 2021 USD ($)

Jun. 30, 2020

Oct. 01, 2021 USD ($)

Sep. 30, 2018

Oct. 18, 2019 USD ($)

Nov. 30, 2022 USD ($)

Nov. 30, 2021 USD ($)

Nov. 30, 2017 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Dec. 31, 2020 USD ($)

Dec. 31, 2019 USD ($)

Dec. 31, 2018 USD ($)

Dec. 31, 2017 USD ($)

Property, Plant and Equipment [Line Items]

Increase (Decrease) in Deposits Outstanding

$ 113,600

$ 55,586

Deposits for vessels acquisitions

317,197

$ 218,663

Contractual Obligation

123,982

Initial direct costs

32,189

Navios Libra [Member] | Bareboat charter-in contract [Member]

Property, Plant and Equipment [Line Items]

Lessee, Operating Lease, Description

ten-year

Vessel type

Panamax

Vessel capacity in DWT

82,011

Date of delivery

July 24, 2019

Increase (Decrease) in Deposits Outstanding

$ 5,540

Deposits for vessels acquisitions

$ 2,770

$ 2,770

Other Assets, Noncurrent

6,231

Navios Amitie and Navios Star [Member] | Bareboat charter-in contract [Member]

Property, Plant and Equipment [Line Items]

Lessee, Operating Lease, Description

ten-year

Increase (Decrease) in Deposits Outstanding

$ 12,328

Deposits for vessels acquisitions

$ 10,034

$ 1,434

Other Assets, Noncurrent

13,215

Number of vessels

2

Contractual Obligation

$ 860

Navios Amitie [Member] | Bareboat charter-in contract [Member]

Property, Plant and Equipment [Line Items]

Vessel type

Panamax

Vessel capacity in DWT

82,002

Date of delivery

May 28, 2021

Navios Star [Member] | Bareboat charter-in contract [Member]

Property, Plant and Equipment [Line Items]

Vessel type

Panamax

Vessel capacity in DWT

81,994

Date of delivery

June 10, 2021

Four 5,300 TEU newbuilding containerships [Member]

Property, Plant and Equipment [Line Items]

Increase (Decrease) in Deposits Outstanding

$ 18,480

Deposits for vessels acquisitions

61,600

Number of vessels

4

Contractual Obligation

43,120

Vessel capacity in TEU

5,300

Additions

$ 61,600

Date of expected delivery of vessel

second half of 2023 and first half of 2024

Repayment installments

3

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

Property, Plant and Equipment [Line Items]

Deposits for vessels 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]

Deposits for vessels acquisitions

36,960

Two 5,300 TEU newbuilding containerships [Member]

Property, Plant and Equipment [Line Items]

Increase (Decrease) in Deposits Outstanding

$ 18,480

Deposits for vessels acquisitions

18,480

Contractual Obligation

43,120

Vessel capacity in TEU

5,300

Additions

$ 61,600

Date of expected delivery of vessel

second half of 2024

Repayment installments

3

Two 5,300 TEU newbuilding containerships [Member] | First installment for two vessels [Member]

Property, Plant and Equipment [Line Items]

Deposits for vessels acquisitions

$ 12,320

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

Property, Plant and Equipment [Line Items]

Deposits for vessels acquisitions

6,160

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

62,825

Contractual Obligation

37,695

Vessel capacity in TEU

5,300

Additions

$ 62,825

Date of expected delivery of vessel

second half of 2023 and in 2024

Repayment installments

4

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]

Deposits for vessels acquisitions

43,978

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

Property, Plant and Equipment [Line Items]

Deposits for vessels acquisitions

18,848

Four Aframax/ LR2 newbuilding vessels [Member]

Property, Plant and Equipment [Line Items]

Vessel capacity in DWT

115,000

Increase (Decrease) in Deposits Outstanding

$ 23,400

Deposits for vessels acquisitions

37,595

Contractual Obligation

35,100

Additions

$ 58,500

Date of expected delivery of vessel

during 2024

Repayment installments

4

Additional features

$ 4,158

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

Property, Plant and Equipment [Line Items]

Deposits for vessels acquisitions

25,063

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

Property, Plant and Equipment [Line Items]

Deposits for vessels acquisitions

12,532

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

92,408

Contractual Obligation

23,102

Vessel capacity in TEU

7,700

Additions

$ 115,510

Date of expected delivery of vessel

the second half of 2024 and the first quarter of 2025

Repayment installments

4

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

Property, Plant and Equipment [Line Items]

Deposits for vessels acquisitions

$ 46,204

First installment of each vessel [Member] | Second installment for two vessels [Member]

Property, Plant and Equipment [Line Items]

Deposits for vessels acquisitions

46,204

Two Aframax/ LR2 newbuilding vessels [Member]

Property, Plant and Equipment [Line Items]

Vessel capacity in DWT

115,000

Increase (Decrease) in Deposits Outstanding

$ 24,200

Deposits for vessels acquisitions

12,100

Contractual Obligation

$ 36,300

Additions

$ 60,500

Date of expected delivery of vessel

first half of 2025

Repayment installments

4

Additional features

$ 4,158

Two newbuilding Japanese MR2 Product Tanker vessels [Member]

Property, Plant and Equipment [Line Items]

Lessee, Operating Lease, Description

ten years

Increase (Decrease) in Deposits Outstanding

$ 18,000

Date of expected delivery of vessel

second half of 2025 and the first half of 2026

Other Two newbuilding Japanese MR2 Product Tanker vessels [Member]

Property, Plant and Equipment [Line Items]

Lessee, Operating Lease, Description

ten years

Increase (Decrease) in Deposits Outstanding

$ 18,000

Date of expected delivery of vessel

second half of 2026 and the first half of 2027

Baghdad VLCC and Erbil VLCC [Member] | Upon Acquisition Of Navios Acquisition [Member]

Property, Plant and Equipment [Line Items]

Lessee, Operating Lease, Description

12-year

Deposits for vessels acquisitions

$ 1,767

Number of vessels

2

Baghdad VLCC [Member] | Upon Acquisition Of Navios Acquisition [Member]

Property, Plant and Equipment [Line Items]

Vessel capacity in DWT

313,433

Date of delivery

October 28, 2020

Erbil VLCC [Member] | Upon Acquisition Of Navios Acquisition [Member]

Property, Plant and Equipment [Line Items]

Vessel capacity in DWT

313,486

Date of delivery

February 17, 2021

Nave Electron VLCC [Member] | Upon Acquisition Of Navios Acquisition [Member]

Property, Plant and Equipment [Line Items]

Lessee, Operating Lease, Description

12-year

Vessel capacity in DWT

313,239

Date of delivery

August 30, 2021

Deposits for vessels acquisitions

1,608

Nave Celeste [Member] | Upon Acquisition Of Navios Acquisition [Member]

Property, Plant and Equipment [Line Items]

Lessee, Operating Lease, Description

12-year

Vessel capacity in DWT

313,418

Date of delivery

July 5, 2022

Deposits for vessels acquisitions

$ 1,051

Transactions with related par_2

Transactions with related parties and affiliates (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Payments for Capital Improvements					$ 70,574,000	$ 6,274,000
Vessel operating expenses (entirely through related parties transactions)	$ 82,550,000		$ 73,989,000		165,766,000	147,161,000
General and administrative expenses	20,536,000		14,170,000		40,035,000	28,086,000
Amounts due from related parties, long-term - Book Value	39,519,000				39,519,000		$ 41,403,000
Amounts due from related parties, current	2,647,000				2,647,000		0
Amounts due to related parties	0				0		104,751,000
Related Party [Member]
Related Party Transaction [Line Items]
Vessel operating expenses (entirely through related parties transactions)	82,550,000		$ 73,989,000		165,766,000	147,161,000
Navios Holdings [Member]
Related Party Transaction [Line Items]
Amounts due from related parties, long-term - Book Value	39,519,000				39,519,000		41,403,000
Amounts due from related parties, current	2,647,000				2,647,000		0
Amounts due to related parties	$ 0				0		104,751,000
Covid 19 Measures Extra Ordinary Fees And Costs [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Vessel operating expenses (entirely through related parties transactions)		$ 997,000		$ 2,342,000	2,291,000	5,297,000
Management Agreement [Member]
Related Party Transaction [Line Items]
Payments for Capital Improvements					21,342,000	6,274,000
Management Agreement [Member] | Upon Acquisition Of Navios Acquisition [Member]
Related Party Transaction [Line Items]
Technical and commercial management daily fee					$ 50
Vessel management agreement fees percentage					3%
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | Ultra Handymax Vessels [Member]
Related Party Transaction [Line Items]
Daily management fee					$ 4,620		4,480	$ 4,350
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | Panamax Vessels [Member]
Related Party Transaction [Line Items]
Daily management fee					4,720		4,580	4,450
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | Capesize Vessels [Member]
Related Party Transaction [Line Items]
Daily management fee					5,740		5,570	5,410
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					6,470		6,280	6,100
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | Containership Of Three Thousand Fifty Up To Four Thousand Nine Hundred And Ninety Nine Foot Equivalent Units [Member]
Related Party Transaction [Line Items]
Daily management fee					6,590		6,400	6,220
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					7,320		7,110	6,900
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					8,250		8,010	7,780
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					8,770		8,520	8,270
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					7,240		7,030	6,830
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	7,230
Management Agreement [Member] | Upon Completion Of The Mergers [Member] | VLCC [Member]
Related Party Transaction [Line Items]
Daily management fee					10,240		$ 9,940	$ 9,650
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
Management Agreement Requlatory Requirements [Member]
Related Party Transaction [Line Items]
Payments for Capital Improvements		14,154,000		3,628,000	19,743,000	6,274,000
Navios Holdings [Member] | Related Party [Member]
Related Party Transaction [Line Items]
General and administrative expenses		$ 15,755,000		$ 10,318,000	$ 29,861,000	$ 20,523,000

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, 2023 $ / 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] | Maximum [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] | Second Target Distribution [Member] | Minimum [Member]
Distribution Per Unit	6.0375
Total Quarterly Distribution Target Amount [Member] | Third Target Distribution [Member] | Maximum [Member]
Distribution Per Unit	7.875
Total Quarterly Distribution Target Amount [Member] | Third Target Distribution [Member] | Minimum [Member]
Distribution Per Unit	6.5625
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 distribution and earnings

Cash distribution 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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income	$ 112,308	$ 118,160	$ 211,473	$ 203,825
Income attributable to:
Earnings per unit basic	$ 3.65	$ 3.84	$ 6.87	$ 6.62
Earnings per unit diluted	$ 3.65	$ 3.83	$ 6.87	$ 6.61
Limited Partner [Member]
Net income	$ 110,062	$ 115,797	$ 207,245	$ 199,749
Income attributable to:
Weighted average units outstanding basic	30,183,387	30,154,171	30,183,387	30,154,171
Earnings per unit basic	$ 3.65	$ 3.84	$ 6.87	$ 6.62
Weighted average units outstanding diluted	30,184,388	30,197,087	30,184,388	30,197,087
Earnings per unit diluted	$ 3.65	$ 3.83	$ 6.87	$ 6.61
Earnings per unit distributed basic	0.05	0.05	0.10	0.10
Earnings per unit distributed diluted	$ 0.05	$ 0.05	$ 0.10	$ 0.10

Cash distributions and earnin_4

Cash distributions and earnings per unit (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	4 Months Ended		6 Months Ended		7 Months Ended
	Jan. 31, 2022	Apr. 30, 2023	Apr. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jul. 31, 2023
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.
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount				1,001	42,916
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. 11, 2022	May 12, 2023	May 12, 2022	Feb. 14, 2023		Aug. 11, 2023
Distribution Made to Limited Partner, Date of Record	Feb. 09, 2022	May 09, 2023	May 09, 2022	Feb. 10, 2023		Aug. 08, 2023
Distribution Made to Limited Partner, Cash Distributions Paid	$ 1,541	$ 1,540	$ 1,541	$ 1,540		$ 1,540

Leases (Details)

Leases (Details) - Operating Leases [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
2024	$ 50,472
2025	41,071
2026	38,340
2027	37,891
2028	37,312
2029 and thereafter	167,892
Total	372,978
Operating lease liabilities, including current portion	290,857	$ 311,115
Discount based on incremental borrowing rate	$ 82,121

Leases - Finance Leases (Detail

Leases - Finance Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Finance lease liabilities, including current portion (see Note 6 – Borrowings)	$ 481,305	$ 389,007
Finance leases [Member]
2024	58,259
2025	160,957
2026	36,753
2027	36,307
2028	35,997
2029 and thereafter	347,103
Total	675,376
Finance lease liabilities, including current portion (see Note 6 – Borrowings)	481,305
Discount based on incremental borrowing rate	$ 194,071

Leases (Details Narrative)

Leases (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Operating Lease, Right-of-Use Asset	$ 297,644		$ 297,644		$ 323,048
Sublease Income	22,746	$ 18,117	43,120	$ 34,299
Revenues	346,938	280,661	656,460	517,278
Operating Leases [Member]
Related Party Transaction [Line Items]
Operating Lease, Liability	290,857		290,857		311,115
Operating Lease, Right-of-Use Asset	297,644		297,644		$ 323,048
Time charter and voyage revenues	$ 17,418	7,702	$ 34,751	15,319
Lessee, Operating Lease, Remaining Lease Term	9 years 3 months 18 days		9 years 3 months 18 days
Finance Leases [Member]
Related Party Transaction [Line Items]
Sublease Income	$ 22,080		$ 39,865
Lessee, Finance Lease, Remaining Lease Term	9 years 1 month 6 days		9 years 1 month 6 days
Bareboat charter-in contract [Member] | Navios Libra and Navios Celeste [Member]
Related Party Transaction [Line Items]
Incremental borrowing rates					7%
Bareboat charter-in contract [Member] | Navios Amitie and Navios Star [Member]
Related Party Transaction [Line Items]
Incremental borrowing rates					5%
Bareboat charter-in contract [Member] | Baghdad, Erbil, Navios Horizon I, Navios Gemini, Navios Venus and Navios Lyra [Member]
Related Party Transaction [Line Items]
Incremental borrowing rates					6%
Bareboat charter-in contract [Member] | Nave Electron [Member]
Related Party Transaction [Line Items]
Incremental borrowing rates					4%
Bareboat Charter Out Contract [Member]
Related Party Transaction [Line Items]
Revenues	$ 8,065	$ 5,247	$ 16,042	$ 10,432
Bareboat Charter Out Contract [Member] | Baghdad and Erbil [Member]
Related Party Transaction [Line Items]
Lessee, Operating Lease, Description			ten years

Subsequent events (Details Narr

Subsequent events (Details Narrative) $ in Thousands	8 Months Ended
	Aug. 31, 2023 USD ($)
Two newbuilding Japanese MR2 Product Tankers [Member]
Property, Plant and Equipment [Line Items]
Vessel type	MR2 Product Tanker
Property, Plant and Equipment, Additions	$ 20,000
Date of delivery	first half of 2027
Navios Horizon I [Member]
Property, Plant and Equipment [Line Items]
Vessel type	Kamsarmax
Property, Plant and Equipment, Additions	$ 27,950
Date of delivery	third quarter of 2023
Vessel year built	2019
Vessel capacity in DWT	81,692