Cover
Cover - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Entity Addresses [Line Items] | |||
Document Type | 20-F | ||
Amendment Flag | false | ||
Document Registration Statement | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Shell Company Report | false | ||
Document Period End Date | Dec. 31, 2023 | ||
Document Fiscal Period Focus | FY | ||
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 Incorporation, State or Country Code | 1T | ||
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 | ||
Title of 12(b) Security | Common Units | ||
Trading Symbol | NMM | ||
Security Exchange Name | NYSE | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Accelerated Filer | ||
Entity Emerging Growth Company | false | ||
Document Accounting Standard | U.S. GAAP | ||
Entity Shell Company | false | ||
Entity Common Stock, Shares Outstanding | 30,184,388 | ||
ICFR Auditor Attestation Flag | true | ||
Document Financial Statement Error Correction [Flag] | false | ||
Net increase in cash, cash equivalents and restricted cash | $ 433,645 | $ 579,247 | $ 511,273 |
Auditor Firm ID | 1457 | ||
Auditor Name | Ernst & Young (Hellas) Certified Auditors Accountants S.A. | ||
Auditor Location | Athens, Greece | ||
Business Contact [Member] | |||
Entity Addresses [Line Items] | |||
Entity Address, Address Line One | 300 Madison Ave. | ||
Entity Address, City or Town | New York | ||
Entity Address, State or Province | NY | ||
Entity Address, Postal Zip Code | 10017 | ||
City Area Code | (212) | ||
Local Phone Number | 908-3946 | ||
Contact Personnel Name | Todd E. Mason |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Current assets | ||
Cash and cash equivalents | $ 240,378 | $ 157,814 |
Restricted cash | 8,797 | 17,284 |
Accounts receivable, net | 42,237 | 75,030 |
Other investments | 47,000 | 0 |
Prepaid expenses and other current assets | 61,336 | 60,296 |
Total current assets | 399,748 | 310,424 |
Vessels, net | 3,734,671 | 3,777,329 |
Deposits for vessels acquisitions | 434,134 | 218,663 |
Other long-term assets | 62,111 | 46,122 |
Deferred dry dock and special survey costs, net | 145,932 | 99,999 |
Amounts due from related parties | $ 39,570 | $ 41,403 |
Other Receivable, after Allowance for Credit Loss, Current, Related and Nonrelated Party Status [Extensible Enumeration] | Related Party [Member] | Related Party [Member] |
Intangible assets | $ 60,431 | $ 78,716 |
Operating lease assets | 270,969 | 323,048 |
Total non-current assets | 4,747,818 | 4,585,280 |
Total assets | 5,147,566 | 4,895,704 |
Current liabilities | ||
Accounts payable | 25,488 | 27,117 |
Accrued expenses | 23,608 | 16,049 |
Deferred revenue | 63,306 | 38,875 |
Operating lease liabilities, current portion | 30,136 | 39,853 |
Amounts due to related parties | $ 32,026 | $ 104,751 |
Other Liability, Current, Related and Nonrelated Party Status [Extensible Enumeration] | Related Party [Member] | Related Party [Member] |
Current portion of financial liabilities, net | $ 138,696 | $ 216,955 |
Current portion of long-term debt, net | 146,340 | 174,140 |
Total current liabilities | 459,600 | 617,740 |
Operating lease liabilities, net | 240,602 | 271,262 |
Unfavorable lease terms | 27,984 | 47,906 |
Long-term financial liabilities, net | 824,646 | 864,661 |
Long-term debt, net | 751,781 | 689,691 |
Deferred revenue | 63,915 | 50,138 |
Other long-term liabilities | 8,586 | 11,343 |
Total non-current liabilities | 1,917,514 | 1,935,001 |
Total liabilities | 2,377,114 | 2,552,741 |
Commitments and contingencies | 0 | 0 |
Partners’ capital: | ||
Common Unitholders (30,184,388 common units issued and outstanding at each of December 31, 2023 and December 31, 2022) | 2,724,436 | 2,305,494 |
General Partner (622,296 general partner units issued and outstanding at each of December 31, 2023 and December 31, 2022) | 46,016 | 37,469 |
Total partners’ capital | 2,770,452 | 2,342,963 |
Total liabilities and partners’ capital | $ 5,147,566 | $ 4,895,704 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares | Dec. 31, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Limited Partners' Capital Account, Units Issued | 30,184,388 | 30,184,388 |
General Partners' Capital Account, Units Issued | 622,296 | 622,296 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Statement [Abstract] | |||
Time charter and voyage revenues | $ 1,306,889 | $ 1,210,528 | $ 713,175 |
Time charter and voyage expenses | (160,231) | (122,630) | (36,142) |
Direct vessel expenses | (69,449) | (56,754) | (29,259) |
Vessel operating expenses (entirely through related parties transactions) | (331,653) | (312,022) | (191,449) |
General and administrative expenses | (80,559) | (67,180) | (41,461) |
Depreciation and amortization of intangible assets | (217,823) | (201,820) | (112,817) |
Amortization of unfavorable lease terms | 19,922 | 74,963 | 108,538 |
Gain on sale of vessels, net | 50,248 | 149,352 | 33,625 |
Interest expense and finance cost, net | (133,642) | (83,091) | (42,762) |
Interest income | 10,699 | 856 | 859 |
Other income | 53,682 | 1,065 | 289 |
Other expense | (14,438) | (14,020) | (9,738) |
Equity in net earnings of affiliated companies | 0 | 0 | 80,839 |
Transaction costs | 0 | 0 | (10,439) |
Bargain gain | 0 | 0 | 48,015 |
Net increase in cash, cash equivalents and restricted cash | 433,645 | 579,247 | 511,273 |
Net loss attributable to the noncontrolling interest | 0 | 0 | 4,913 |
Net income attributable to Navios Partners’ unitholders | 433,645 | 579,247 | 516,186 |
Net income attributable to Navios Partners’ unitholders | |||
Common Unitholders | 424,974 | 567,662 | 505,862 |
General Partner | 8,671 | 11,585 | 10,324 |
Net income attributable to Navios Partners’ unitholders | $ 433,645 | $ 579,247 | $ 516,186 |
Earnings attributable to Navios Partners’ unitholders per unit: | |||
Earnings attributable to Navios Partners’ unitholders per common unit, basic | $ 14.08 | $ 18.82 | $ 22.36 |
Earnings attributable to Navios Partners’ unitholders per common unit, diluted | $ 14.08 | $ 18.82 | $ 22.32 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
OPERATING ACTIVITIES: | |||
Net income | $ 433,645 | $ 579,247 | $ 511,273 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization of intangible assets | 217,823 | 201,820 | 112,817 |
Amortization of unfavorable lease terms | (19,922) | (74,963) | (108,538) |
Non-cash amortization of deferred revenue and straight-line | 54,396 | 51,048 | 460 |
Amortization of operating lease assets/liabilities | 8,918 | 3,912 | (401) |
Amortization and write-off of deferred finance costs and discount | 7,188 | 5,349 | 3,741 |
Amortization of deferred dry dock and special survey costs | 43,321 | 28,917 | 16,143 |
Gain on sale of vessels, net | (50,248) | (149,352) | (33,625) |
Bargain gain | 0 | 0 | (48,015) |
Equity in net earnings of affiliated companies | 0 | 0 | (80,839) |
Stock-based compensation | 4 | 154 | 523 |
Changes in operating assets and liabilities: | |||
Decrease/ (increase) in accounts receivable | 32,793 | (46,559) | 344 |
Decrease/ (increase) in prepaid expenses and other current assets | 7,609 | (20,952) | 9,770 |
Decrease/ (increase) in amounts due from related parties | 1,156 | (6,158) | (53,420) |
(Decrease)/ increase in accounts payable | (1,629) | 3,401 | 1,260 |
Increase/ (decrease) in accrued expenses | 7,559 | (1,719) | (7,736) |
Decrease in amounts due to related parties | (72,725) | (13,429) | (14,541) |
(Decrease)/ increase in deferred revenue | (8,284) | 11,492 | 17,743 |
Payments for dry dock and special survey costs | (101,287) | (65,868) | (49,786) |
Net cash provided by operating activities | 560,317 | 506,340 | 277,173 |
INVESTING ACTIVITIES: | |||
Net cash proceeds from sale of vessels | 259,004 | 284,476 | 121,080 |
Acquisition of/ additions to vessels | (182,898) | (433,777) | (217,032) |
Deposits for acquisition/ option to acquire vessel | (282,121) | (176,802) | (61,848) |
Cash acquired from acquisitions | 0 | 9,862 | 42,676 |
Repayments of notes receivable | 0 | 0 | 8,872 |
Other investments | (47,000) | 0 | 0 |
Net cash used in investing activities | (253,015) | (316,241) | (106,252) |
FINANCING ACTIVITIES: | |||
Cash distributions paid | (6,160) | (6,163) | (4,615) |
Net proceeds from issuance of general partnership units | 0 | 0 | 9,960 |
Net proceeds from issuance of common units | 0 | 0 | 198,495 |
Proceeds from long-term debt and financial liabilities | 609,723 | 479,735 | 735,276 |
Repayment of long-term debt and financial liabilities | (822,743) | (651,875) | (959,154) |
Payments of deferred finance costs | (14,045) | (6,144) | (12,165) |
Net cash used in financing activities | (233,225) | (184,447) | (32,203) |
Increase in cash, cash equivalents and restricted cash | 74,077 | 5,652 | 138,718 |
Cash, cash equivalents and restricted cash, beginning of period | 175,098 | 169,446 | 30,728 |
Cash, cash equivalents and restricted cash, end of period | 249,175 | 175,098 | 169,446 |
Supplemental disclosures of cash flow information | |||
Cash interest paid | 144,388 | 80,626 | 50,382 |
Non cash financing activities | |||
Stock-based compensation | 4 | 154 | 523 |
Long-term debt and financial liabilities | 202,373 | 756,673 | |
Non cash investing activities | |||
Deposits for acquisition/ option to acquire vessel | 20,188 | (6,860) | 0 |
Acquisition of vessels | $ (249,875) | $ (782,334) | $ (5,766) |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($) shares in Thousands, $ in Thousands | General Partner [Member] | General Partner [Member] Navios Containers [Member] | General Partner [Member] Navios Acquisition [Member] | Limited Partner [Member] | Limited Partner [Member] Navios Containers [Member] | Limited Partner [Member] Navios Acquisition [Member] | Noncontrolling Interest [Member] | Noncontrolling Interest [Member] Navios Containers [Member] | Noncontrolling Interest [Member] Navios Acquisition [Member] | Total | Navios Containers [Member] | Navios Acquisition [Member] |
Beginning balance, value at Dec. 31, 2020 | $ 2,817 | $ 652,013 | $ 0 | $ 654,830 | ||||||||
Beginning balance, units at Dec. 31, 2020 | 237,822 | 11,345,187 | ||||||||||
Cash distribution paid ($0.20 per unit—see Note 18) | $ (93) | $ (4,522) | 0 | (4,615) | ||||||||
Proceeds from public offering and issuance of units, net of offering costs (see Note 13) | $ 4,156 | $ 198,495 | 0 | 202,651 | ||||||||
Proceeds from public offering and issuance of units, net of offering costs (see Note 13), units | 149,597 | 7,330,222 | ||||||||||
Units issued for the acquisition of Navios Acquisition (see Note 3) | $ 3,911 | $ 1,893 | $ 191,624 | $ 52,722 | $ 0 | $ (52,722) | $ 195,535 | $ 1,893 | ||||
Units issued for the acquisition of Navios Containers, net of expenses (see Note 3), units | 165,989 | 69,147 | 8,133,452 | 3,388,226 | ||||||||
Stock-based compensation (see Note 13) | $ 0 | $ 523 | 0 | 523 | ||||||||
Deemed contribution (see Note 3) | 3,000 | 147,000 | 0 | 150,000 | ||||||||
Fair value of noncontrolling interest (see Note 3) | 0 | 0 | 57,635 | 57,635 | ||||||||
Net income | 10,324 | 505,862 | (4,913) | 511,273 | ||||||||
Ending balance, value at Dec. 31, 2021 | $ 26,008 | $ 1,743,717 | 0 | 1,769,725 | ||||||||
Ending balance, units at Dec. 31, 2021 | 622,555 | 30,197,087 | ||||||||||
Cash distribution paid ($0.20 per unit—see Note 18) | $ (124) | $ (6,039) | 0 | (6,163) | ||||||||
Stock-based compensation (see Note 13) | 0 | 154 | 0 | 154 | ||||||||
Net income | 11,585 | 567,662 | 0 | 579,247 | ||||||||
Units cancelled/ forfeited (see Note 13) | $ 0 | $ 0 | 0 | 0 | ||||||||
Units cancelled/ forfeited (see Note 13), units | (259) | (12,699) | ||||||||||
Ending balance, value at Dec. 31, 2022 | $ 37,469 | $ 2,305,494 | 0 | 2,342,963 | ||||||||
Ending balance, units at Dec. 31, 2022 | 622,296 | 30,184,388 | ||||||||||
Cash distribution paid ($0.20 per unit—see Note 18) | $ (124) | $ (6,036) | 0 | (6,160) | ||||||||
Stock-based compensation (see Note 13) | 0 | 4 | 0 | 4 | ||||||||
Net income | 8,671 | 424,974 | 0 | 433,645 | ||||||||
Ending balance, value at Dec. 31, 2023 | $ 46,016 | $ 2,724,436 | $ 0 | $ 2,770,452 | ||||||||
Ending balance, units at Dec. 31, 2023 | 622,296 | 30,184,388 |
CONSOLIDATED STATEMENTS OF CH_2
CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Statement of Stockholders' Equity [Abstract] | |||
Distribution Made to Limited Partner, Distributions Paid, Per Unit | $ 0.20 | $ 0.20 | $ 0.20 |
Description of Business
Description of Business | 12 Months Ended |
Dec. 31, 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 under the laws of the Republic of the Marshall Islands . The Company’s general partner is Olympos Maritime Ltd. (the “General Partner”) (see Note 17 – Transactions with related parties and affiliates). 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 17 – Transactions with related parties and affiliates). As of December 31, 2023, there were 30,184,388 outstanding common units and 622,296 general partnership units. As of December 31, 2023, Navios Maritime Holdings Inc. (“Navios Holdings”) owned an approximately 10.3 % ownership interest in Navios Partners and the General Partner held an approximately 2.0 % ownership interest in Navios Partners based on all outstanding common units and general partnership units. The 3,183,199 common units of the Company previously held by Navios Holdings were transferred to N Shipmanagement Acquisition Corp., an entity affiliated with the Company’s Chairwoman and Chief Executive Officer, Angeliki Frangou, on January 9, 2024. |
Summary of significant accounti
Summary of significant accounting policies | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Summary of significant accounting policies | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Summary of significant accounting policies (a) Basis of presentation : The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). 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 7 – Vessels, net and Note 21 – Subsequent events) to continue in operation and meet its financial commitments, including but not limited to capital expenditures and debt service obligations, for a period of at least 12 months from the date of issuance of these consolidated financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing its financial statements. Following Russia’s invasion of Ukraine in February 2022 the United States, the European Union, the United Kingdom and other countries have announced sanctions against Russia, and may impose wider sanctions and take other actions in the future. To date, no apparent consequences have been identified on the Company’s business. It should be noted that since the Company employs Ukrainian and Russian seafarers, it may face problems in relation to their employment, repatriation, salary payments and be subject to claims in this regard. In addition, the increased attacks in the Red Sea caused ships to avoid the use of the Red Sea and transits of the Suez Canal. Notwithstanding the foregoing, it is possible that these tensions and activities might eventually have an adverse impact on the Company’s business, financial condition, results of operations and cash flows. Interest rates have increased significantly as central banks in Europe, United States and other developed countries raise interest rates. 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: The accompanying consolidated financial statements include Navios Partners’ wholly owned subsidiaries incorporated under the laws of the Republic of Marshall Islands, Liberia, Malta, Delaware, Cayman Islands, Hong Kong, British Virgin Islands, Luxemburg and Belgium from their dates of incorporation or from the date of acquiring control or, for chartered-in vessels, from the dates charter-in agreements were in effect. All significant inter-company balances and transactions have been eliminated in Navios Partners’ consolidated financial statements. Navios Partners also consolidates entities that are determined to be variable interest entities (“VIE”) as defined in the accounting guidance, if it determines that it is the primary beneficiary. A VIE is defined as a legal entity where either (i) equity interest holders as a group lack the characteristics of a controlling financial interest, including decision making ability and an interest in the entity's residual risks and rewards, (ii) the equity holders have not provided sufficient equity investment to permit the entity to finance its activities without additional subordinated financial support, or (iii) the voting rights of some investors are not proportional to their obligations to absorb the expected losses of the entity, their rights to receive the expected residual returns of the entity, or both and substantially all of the entity's activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights. Subsidiaries: The accompanying consolidated financial statements include the following entities: Summary of Significant Accounting Policies - Entities included in the consolidation Company name Vessel name Country of incorporation 2023 2022 2021 Libra Shipping Enterprises Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Alegria Shipping Corporation (35) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Felicity Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Gemini Shipping Corporation (14) Former Vessel-Owning Company Marshall Is. 1/01–2/07 1/01–12/31 1/01–12/31 Galaxy Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Aurora Shipping Enterprises Ltd. Navios Hope Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Palermo Shipping S.A. (14) Former Vessel-Owning Company Marshall Is. 1/01–2/07 1/01–12/31 1/01–12/31 Fantastiks Shipping Corporation (12) Navios Fantastiks Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Sagittarius Shipping Corporation (12) Navios Sagittarius Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Hyperion Enterprises Inc. (54) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Chilali Corp. Navios Aurora II Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Surf Maritime Co. (12) Navios Pollux Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Pandora Marine Inc. Navios Melodia Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Customized Development S.A. Navios Fulvia Liberia 1/01–12/31 1/01–12/31 1/01–12/31 Kohylia Shipmanagement S.A. Navios Luz Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Orbiter Shipping Corp. (57) Navios Orbiter Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Floral Marine Ltd. Navios Buena Ventura Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Golem Navigation Limited Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Kymata Shipping Co. Navios Helios Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Joy Shipping Corporation Navios Joy Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Micaela Shipping Corporation Navios Harmony Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Pearl Shipping Corporation Navios Sun Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Velvet Shipping Corporation Navios La Paix Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Perigiali Navigation Limited (53) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Finian Navigation Co. (12) Navios Ace Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Ammos Shipping Corp. (40) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Casual Shipholding Co. (12) Navios Sol Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Avery Shipping Company Navios Symphony Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Coasters Ventures Ltd. Navios Christine B Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Ianthe Maritime S.A. Navios Aster Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Rubina Shipping Corporation Hyundai Hongkong Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Topaz Shipping Corporation Hyundai Singapore Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Beryl Shipping Corporation Hyundai Tokyo Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Cheryl Shipping Corporation Hyundai Shanghai Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Christal Shipping Corporation Hyundai Busan Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Fairy Shipping Corporation (5) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Limestone Shipping Corporation (28) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Dune Shipping Corp. (13) Former Vessel-Owning Company Marshall Is. 1/01–2/21 1/01–12/31 1/01–12/31 Citrine Shipping Corporation (13) Former Vessel-Owning Company Marshall Is. 1/01–2/21 1/01–12/31 1/01–12/31 Cavalli Navigation Inc. Former Vessel-Owning Company Liberia 1/01–12/31 1/01–12/31 1/01–12/31 Seymour Trading Limited (2) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Goldie Services Company (34) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Andromeda Shiptrade Limited Navios Apollon I Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Esmeralda Shipping Corporation Navios Sphera Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Triangle Shipping Corporation Navios Mars Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Oceanus Shipping Corporation (19) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Cronus Shipping Corporation Protostar N Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Leto Shipping Corporation (17) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Dionysus Shipping Corporation (4) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Prometheus Shipping Corporation (18) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Camelia Shipping Inc. (31) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Azalea Shipping Inc. (1) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Amaryllis Shipping Inc. (38) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Wenge Shipping Corporation (20) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Sunstone Shipping Corporation Copernicus N Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Fandango Shipping Corporation Unity N Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Flavescent Shipping Corporation Odysseus N Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Emery Shipping Corporation Navios Gem Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Rondine Management Corp. Navios Victory Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Prosperity Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Aldebaran Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 JTC Shipping and Trading Ltd. (11) Holding Company Malta 1/01–12/31 1/01–12/31 1/01–12/31 Navios Maritime Partners L.P. N/A Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Navios Maritime Operating LLC. N/A Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Navios Partners Finance (US) Inc. Co-Borrower Delaware 1/01–12/31 1/01–12/31 1/01–12/31 Navios Partners Europe Finance Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Solange Shipping Ltd. (16) Navios Avior Marshall Is. 1/01–12/31 1/01–12/31 3/30–12/31 Mandora Shipping Ltd. (16) Navios Centaurus Marshall Is. 1/01–12/31 1/01–12/31 3/30–12/31 Olympia II Navigation Limited (12) Navios Domino Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Pingel Navigation Limited (12) Navios Delight Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Ebba Navigation Limited (12) Navios Destiny Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Clan Navigation Limited (12) Navios Devotion Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Sui An Navigation Limited (23) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Bertyl Ventures Co. Navios Azure Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Silvanus Marine Company (12) Navios Summer Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Anthimar Marine Inc. (12) Navios Amarillo Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Enplo Shipping Limited (12) Navios Verde Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Morven Chartering Inc. (12) Navios Verano (ex. Matson Oahu) Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Rodman Maritime Corp. (12) Navios Spring Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Isolde Shipping Inc. (12) Navios Indigo Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Velour Management Corp. (12) Navios Vermilion Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Evian Shiptrade Ltd. (12) Matson Lanai Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Theros Ventures Limited Navios Lapis Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Legato Shipholding Inc. Navios Tempo Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Inastros Maritime Corp. Navios Chrysalis Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Zoner Shiptrade S.A. Navios Dorado Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Jasmer Shipholding Ltd. Navios Nerine Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Thetida Marine Co. Navios Magnolia Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Jaspero Shiptrade S.A. Navios Jasmine Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Peran Maritime Inc. Zim Baltimore Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Nefeli Navigation S.A. (12) Navios Unison Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Crayon Shipping Ltd Navios Miami Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Chernava Marine Corp. Navios Bahamas (ex. Bahamas) Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Proteus Shiptrade S.A. Zim Carmel Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Vythos Marine Corp. (12) Navios Constellation Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Navios Maritime Containers Sub L.P. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Navios Partners Containers Finance Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Boheme Navigation Company Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Navios Partners Containers Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Iliada Shipping S.A. Operating Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Vinetree Marine Company Operating Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Afros Maritime Inc. Operating Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Cavos Navigation Co. Navios Libra Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Perivoia Shipmanagement Co. (10) Navios Amitie Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Pleione Management Limited (10) Navios Star Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Bato Marine Corp. (32) Navios Armonia Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Agron Navigation Company (21) Navios Azalea Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Teuta Maritime S.A. (58) Navios Altair Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Ambracia Navigation Company (12), (29) Navios Primavera Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Artala Shipping Co. (55) Navios Sakura Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Migen Shipmanagement Ltd. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Bole Shipping Corporation (24) Spectrum N Marshall Is. 1/01–12/31 1/01–12/31 4/28–12/31 Brandeis Shipping Corporation (24) Ete N Marshall Is. 1/01–12/31 1/01–12/31 5/10–12/31 Buff Shipping Corporation (24) Fleur N Marshall Is. 1/01–12/31 1/01–12/31 5/10–12/31 Morganite Shipping Corporation (12), (27) Navios Meridian Marshall Is. 1/01–12/31 1/01–12/31 6/01–12/31 Balder Maritime Ltd. (26) Navios Koyo Marshall Is. 1/01–12/31 1/01–12/31 6/04–12/31 Melpomene Shipping Corporation (50) Sparrow (ex. Zim Sparrow) Marshall Is. 1/01–12/31 1/01–12/31 6/23–12/31 Urania Shipping Corporation (25) Zim Eagle Marshall Is. 1/01–12/31 1/01–12/31 6/23–12/31 Terpsichore Shipping Corporation (8) TBN I Marshall Is. 1/01–12/31 1/01–12/31 6/23–12/31 Erato Shipmanagement Corporation (6) TBN II Marshall Is. 1/01–12/31 1/01–12/31 6/23–12/31 Lavender Shipping Corporation (12), (7) Navios Ray Marshall Is. 1/01–12/31 1/01–12/31 6/30–12/31 Nostos Shipmanagement Corp. (12), (7) Navios Bonavis Marshall Is. 1/01–12/31 1/01–12/31 6/30–12/31 Navios Maritime Acquisition Corporation Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Acquisition Europe Finance Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Acquisition Finance (US) Inc. Co-Issuer of Ship Mortgage Notes Delaware 1/01–12/31 1/01–12/31 8/25–12/31 Navios Maritime Midstream Partners GP LLC Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Letil Navigation Ltd. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Maritime Midstream Partners Finance (US) Inc. Sub-Holding Company Delaware 1/01–12/31 1/01–12/31 8/25–12/31 Aegean Sea Maritime Holdings Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Amorgos Shipping Corporation (44) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Andros Shipping Corporation (43) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Antikithira Shipping Corporation Nave Equator Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Antiparos Shipping Corporation (12) Nave Atria Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Antipaxos Shipping Corporation (39) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Antipsara Shipping Corporation Nave Velocity Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Crete Shipping Corporation Nave Cetus Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Delos Shipping Corporation (45) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Folegandros Shipping Corporation Nave Andromeda Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Ikaria Shipping Corporation (12) Nave Aquila Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Ios Shipping Corporation Nave Cielo Cayman Islands 1/01–12/31 1/01–12/31 8/25–12/31 Iraklia Shipping Corporation Bougainville Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kimolos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kithira Shipping Corporation Nave Orbit Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kos Shipping Corporation (12) Nave Bellatrix Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Lefkada Shipping Corporation Nave Buena Suerte Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Leros Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Mytilene Shipping Corporation (12) Nave Orion Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Oinousses Shipping Corporation Nave Jupiter Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Psara Shipping Corporation Nave Luminosity Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Rhodes Shipping Corporation Nave Cassiopeia Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Samos Shipping Corporation Nave Synergy Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Samothrace Shipping Corporation (12) Nave Pulsar Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Serifos Shipping Corporation Nave Estella Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Sifnos Shipping Corporation Nave Titan Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Skiathos Shipping Corporation Nave Capella Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Skopelos Shipping Corporation Nave Ariadne Cayman Islands 1/01–12/31 1/01–12/31 8/25–12/31 Skyros Shipping Corporation Nave Sextans Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Syros Shipping Corporation Nave Alderamin Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Thera Shipping Corporation Nave Atropos Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Tilos Shipping Corporation Nave Spherical Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Tinos Shipping Corporation Nave Rigel Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Zakynthos Shipping Corporation Nave Quasar Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Cyrus Investments Corp. Baghdad Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Olivia Enterprises Corp. Erbil Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Limnos Shipping Corporation Nave Pyxis Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Thasos Shipping Corporation Nave Equinox Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Agistri Shipping Limited Operating Subsidiary Malta 1/01–12/31 1/01–12/31 8/25–12/31 Paxos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Donoussa Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Schinousa Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Alonnisos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Makronisos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Loyalty Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Navigator Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Amindra Navigation Co. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Maritime Midstream Partners L.P. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Maritime Midstream Operating LLC Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Dream Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Kannika Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Kieran Limited Nave Universe British Virgin Islands 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Ocean Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Saowalak Limited Nave Constellation British Virgin Islands 1/01–12/31 1/01–12/31 8/25–12/31 Sikinos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kerkyra Shipping Corporation Nave Galactic Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Doxa International Corp. Nave Electron Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Alkmene Shipping Corporation (38) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Dione Shipping Corporation (46) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Persephone Shipping Corporation Hector N Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Rhea Shipping Corporation (36) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Tzia Shipping Corporation (30) Nave Celeste Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Boysenberry Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Cadmium Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Celadon Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Cerulean Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kleio Shipping Corporation (6) TBN III Marshall Is. 1/01–12/31 1/01–12/31 8/12–12/31 Polymnia Shipping Corporation (6) TBN IV Marshall Is. 1/01–12/31 1/01–12/31 8/12–12/31 Goddess Shiptrade Inc. (41) Navios Astra Marshall Is. 1/01–12/31 1/01–12/31 8/02–12/31 Aramis Navigation Inc. (3) Navios Azimuth Marshall Is. 1/01–12/31 1/01–12/31 7/09–12/31 Thalia Shipping Corporation (6) TBN VII Marshall Is. 1/01–12/31 1/01–12/31 11/17-12/31 Muses Shipping Corporation (6) TBN VIII Marshall Is. 1/01–12/31 1/01–12/31 11/17-12/31 Euterpe Shipping Corporation (8) TBN VI Marshall Is. 1/01–12/31 1/01–12/31 11/17-12/31 Calliope Shipping Corporation (8) TBN Marshall Is. 1/01–12/31 1/01–12/31 11/17-12/31 Karpathos Shipping Corporation (6) TBN XV Marshall Is. 1/01–12/31 6/22–12/31 — Patmos Shipping Corporation (49) TBN XVI Marshall Is. 1/01–12/31 6/22–12/31 — Tarak Shipping Corporation (6) TBN X Marshall Is. 1/01–12/31 4/26–12/31 — Astrovalos Shipping Corporation (8) TBN IX Marshall Is. 1/01–12/31 4/26–12/31 — Ithaki Shipping Corporation (6) TBN XII Marshall Is. 1/01–12/31 4/26–12/31 — Gavdos Shipping Corporation (6) TBN XI Marshall Is. 1/01–12/31 4/26–12/31 — Galera Management Company (56) Navios Amethyst Marshall Is. 1/01–12/31 6/24-12/31 — Vatselo Enterprises Corp. (9), (12) Navios Alegria Marshall Is. 1/01–12/31 6/24-12/31 — Thalassa Marine S.A. Navios Galaxy II Marshall Is. 1/01–12/31 7/29-12/31 — Anafi Shipping Corporation (12) Navios Sky Marshall Is. 1/01–12/31 9/08-12/31 — Asteroid Shipping S.A. Navios Herakles I Marshall Is. 1/01–12/31 7/29-12/31 — Bulkinvest S.A. Operating Company Luxembourg 1/01–12/31 9/08-12/31 — Cloud Atlas Marine S.A. Navios Uranus Marshall Is. 1/01–12/31 7/29-12/31 — Corsair Shipping Ltd. (33) Former Vessel-Owning Company Marshall Is. 1/01–12/31 9/08-12/31 — Ducale Marine Inc. Navios Etoile Marshall Is. 1/01–12/31 9/08-12/31 — Faith Marine Ltd Navios Altamira Marshall Is. 1/01–12/31 9/08-12/31 — Kleimar N.V. (37) Operating Company/ Vessel Owning Company/Management Company Belgium 1/01–12/31 9/08-12/31 — Iris Shipping Corporation N Amalthia Marshall Is. 1/01–12/31 9/08-12/31 — Moonstone Shipping Corporation (42) Former Vessel-Owning Company Marshall Is. 1/01–12/31 9/08-12/31 — NAV Holdings Limited Sub-Holding Company Malta 1/01–12/31 9/08-12/31 — Navios International Inc. Operating Company Marshall Is. 1/01–12/31 7/29-12/31 — Veja Navigation Company Sub-Holding Company Marshall Is. 1/01–12/31 9/08-12/31 — Vernazza Shiptrade Inc. (12) Navios Canary Marshall Is. 1/01–12/31 9/08-12/31 — White Narcissus Marine S.A. (12), (37) Navios Asteriks Marshall Is. 1/01–12/31 9/08-12/31 — Talia Shiptrade S.A. Navios Magellan II Marshall Is. 1/01–12/31 7/29-12/31 — Shikhar Ventures S.A. (12) Navios Stellar Liberia 1/01–12/31 9/08-12/31 — Opal Shipping Corporation Rainbow N Marshall Is. 1/01–12/31 9/08-12/31 — Pharos Navigation S.A. (12) Navios Phoenix Marshall Is. 1/01–12/31 9/08-12/31 — Pueblo Holdings Ltd. (12) Navios Lumen Marshall Is. 1/01–12/31 9/08-12/31 — Red Rose Shipping Corp. Navios Bonheur Marshall Is. 1/01–12/31 9/08-12/31 — Rider Shipmanagement Inc. Navios Felicity I Marshall Is. 1/01–12/31 7/29-12/31 — Roselite Shipping Corporation (12) Navios Corali Marshall Is. 1/01–12/31 9/08-12/31 — Rumer Holding Ltd. (12) Navios Antares Marshall Is. 1/01–12/31 9/08-12/31 — Jasmine Shipping Corporation N Bonanza Marshall Is. 1/01–12/31 9/08-12/31 — Highbird Management Inc. Navios Celestial Marshall Is. 1/01–12/31 9/08-12/31 — Kastelorizo Shipping Corporation (49) TBN XIII Marshall Is. 1/01–12/31 10/19–12/31 — Elafonisos Shipping Corporation (49) TBN XIV Marshall Is. 1/01-12/31 10/19–12/31 — Koufonisi Shipping Corporation (12), (48) Navios Felix Marshall Is. 1/01–12/31 11/11–12/31 — Ziggy Shipping Limited (51) TBN XVII Marshall Is. 1/03-12/31 — — Gatsby Maritime Company (22) TBN XVIII Marshall Is. 1/03-12/31 — — Atokos Shipping Corporation (12), (15) Navios Horizon I Marshall Is. 7/18-12/31 — — Kastos Shipping Corporation (52) TBN XXVI Marshall Is. 5/24-12/31 — — Ereikousa Shipping Corporation (22) TBN XXV Marshall Is. 5/24-12/31 — — Othonoi Shipping Corporation (22) TBN XXIII Marshall Is. 7/18-12/31 — — Mathraki Shipping Corporation (22) TBN XXIV Marshall Is. 7/18-12/31 — — Chalki Shipping Corporation (47) TBN XX Marshall Is. 5/31-12/31 — — Pserimos Shipping Corporation (52) TBN XIX Marshall Is. 5/31-12/31 — — Polyaigos Shipping Corporation (47) TBN XXI Marshall Is. 7/04-12/31 — — Trikeri Shipping Corporation (47) TBN XXII Marshall Is. 7/04-12/31 — — Makri Shipping Corporation Operating Company Marshall Is. 9/05-12/31 — — Meganisi Shipping Corporation Operating Company Marshall Is. 9/05-12/31 — — Despotiko Shipping Corporation Operating Company Marshall Is. 9/05-12/31 — — Nisyros Shipping Corporation Operating Company Marshall Is. 9/05-12/31 — — (1) The vessel was sold on August 13, 2021 (see Note 7 – Vessels, net). (2) The vessel was sold on October 29, 2021 (see Note 7 – Vessels, net). (3) The vessel was acquired on July 9, 2021 (see Note 7 – Vessels, net). (4) The vessel was sold on August 16, 2021 (see Note 7 – Vessels, net). (5) The vessel was sold on September 12, 2022 (see Note 7 – Vessels, net). (6) Expected to be delivered by the second half of 2024. (7) The vessels were acquired on June 30, 2021 (see Note 7 – Vessels, net). (8) Expected to be delivered by the first half of 2024. (9) The vessel was acquired on December 14, 2022 (see Note 7 – Vessels, net). (10) The vessels were delivered on May 28, 2021 and June 10, 2021 (see Note 20 – Leases). (11) Not a vessel-owning subsidiary and only holds right to charter-in contracts. (12) Vessels under the sale and leaseback transaction (see Note 11 – Borrowings). (13) The company was dissolved on February 21, 2023. (14) The company was dissolved on February 7, 2023. (15) The vessel was acquired on October 16, 2023 (see Note 7 – Vessels, net). (16) The vessels were acquired on March 30, 2021 (see Note 7 – Vessels, net). (17) The vessel was sold on January 13, 2021 (see Note 7 – Vessels, net). (18) The vessel was sold on January 28, 2021 (see Note 7 – Vessels, net). (19) The vessel was sold on February 10, 2021 (see Note 7 – Vessels, net). (20) The vessel was sold on March 25, 2021 (see Note 7 – Vessels, net). (21) The vessel was acquired on November 17, 2022 (see Note 7 – Vessels, net). (22) Expected to be delivered by the first half of 2026. (23) The vessel was sold on July 31, 2021 (see Note 7 – Vessels, net). (24) The vessels were acquired on May 10, 2021 (see Note 7 – Vessels, net). (25) The vessel was delivered on January 25, 2024 (see Note 21 – Subsequent events). (26) The vessel was acquired on June 4, 2021 (see Note 7 – Vessels, net). (27) The vessel was acquired on February 5, 2023 (see Note 7 – Vessels, net). (28) The vessel was sold on September 21, 2022 (see Note 7 – Vessels, net). (29) The vessel was acquired on July 27, 2022 (see Note 7 – Vessels, net). (30) The vessel was delivered on July 5, 2022 (see Note 20 – Leases). (31) The vessel was sold on November 17, 2022 (see Note 7 – Vessels, net). (32) The vessel was acquired on September 21, 2022 (see Note 7 – Vessels, net). (33) The vessel was sold on October 14, 2022 (see Note 7 – Vessels, net). (34) The vessel was sold on October 25, 2022 (see Note 7 – Vessels, net). (35) The vessel was sold on November 14, 2022 (see Note 7 – Vessels, net). (36) The vessel was sold on December 23, 2022 (see Note 7 – Vessels, net). (37) The vessel is owned 50% by White Narcissus Marine S.A. and 50% by Kleimar N.V. (38) The vessel was sold on January 26, 2023 (see Note 7 – Vessels, net). (39) The vessel was sold on January 17, 2023 (see Note 7 – Vessels, net). (40) The vessel was sold on February 7, 2023 (see Note 7 – Vessels, net). (41) The vessel was acquired on September 13, 2022 (see Note 7 – Vessels, net). (42) The vessel was sold on February 3, 2023 (see Note 7 – Vessels, net). (43) The vessel was sold on January 24, 2023 (see Note 7 – Vessels, net). (44) The vessel was sold on January 9, 2023 (see Note 7 – Vessels, net). (45) The vessel was sold on March 3, 2023 (see Note 7 – Vessels, net). (46) The vessel was sold on July 7, 2023 (see Note 7 – Vessels, net). (47) Expected to be delivered by the first half of 2027. (48) The vessel was acquired on March 6, 2023 (see Note 7 – Vessels, net). (49) Expected to be delivered by the first half of 2025. (50) The vessel was delivered on November 9, 2023 (see Note 7 – Vessels, net). (51) Expected to be delivered by the second half of 2025. (52) Expected to be delivered by the second half of 2026. (53) The vessel was sold on October 12, 2023 (see Note 7 – Vessels, net). (54) The vessel was sold on December 18, 2023 (see Note 7 – Vessels, net). (55) The vessel was delivered on April 27, 2023 (see Note 7 – Vessels, net). (56) The vessel was delivered on June 21, 2023 (see Note 7 – Vessels, net). (57) The vessel was sold on March 4, 2024 (see Note 21 – Subsequent events). (58) The vessel was delivered on March 29, 2023 (see Note 7 – Vessels, net). During the fourth quarter of 2023, the Company completed the sale of the inactive entities (former vessel-owning entities) of Aphrodite Shipping Corporation, Zaffre Shipping Corporation, Anthos Shipping Inc. and Wave Shipping Corp.. The four entities were included in the consolidated financial statements of 2021, 2022 and until the fourth quarter of 2023 Investments in Affiliates: 20 50 Affiliates included in the financial statements accounted for under the equity method: 100 (c) Use of Estimates future cash flows from long-lived assets to support impairment tests. Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates under different assumptions and/or conditions. (d) Cash and Cash Equivalents : Cash and cash equivalents consist of cash on hand, deposits held on call with banks, and other short-term liquid investments with original maturities of three months or less. (e) Restricted Cash : Restricted cash consists of amounts held in retention accounts in order to service debt and interest payments, as required by certain of Navios Partners' credit facilities and financial liabilities. (f) Other investments : Other investments consist of time deposits with original maturities of greater than three months and less than 12 months. As of December 31, 2023 and December 31, 2022, other investments amounted to $ 47,000 and $ 0 |
Acquisition of Navios Container
Acquisition of Navios Containers and Navios Acquisition | 12 Months Ended |
Dec. 31, 2023 | |
Business Combination and Asset Acquisition [Abstract] | |
Acquisition of Navios Containers and Navios Acquisition | NOTE 3 – ACQUISITION OF NAVIOS CONTAINERS AND NAVIOS ACQUISITION Acquisition of Navios Containers and Navios Acquisition ACQUISITION OF NAVIOS CONTAINERS On March 31, 2021 , Navios Partners completed the merger (the “NMCI Merger”) contemplated by the Agreement and Plan of Merger (the “NMCI Merger Agreement”), dated as of December 31, 2020 , by and amongst Navios Partners, its direct wholly-owned subsidiary NMM Merger Sub LLC (“Merger Sub”), Navios Maritime Containers L.P. (“Navios Containers”) and Navios Maritime Containers GP LLC, Navios Containers’ general partner. Pursuant to the NMCI Merger Agreement, Merger Sub merged with and into Navios Containers, with Navios Containers continuing as the surviving partnership. As a result of the NMCI Merger, Navios Containers became a wholly-owned subsidiary of Navios Partners. Pursuant to the terms of the NMCI Merger Agreement, each outstanding common unit of Navios Containers that was held by a unitholder other than Navios Partners, Navios Containers and their respective subsidiaries was converted into the right to receive 0.39 of a common unit of Navios Partners. Following the exercise of the optional second merger, Navios Containers merged with and into Navios Maritime Containers Sub LP, (“Navios Containers” which shall include all its predecessors), with Navios Containers continuing as the surviving partnership, and Migen Shipmanagement Ltd, a wholly owned subsidiary of Navios Partners, became Navios Containers’ general partner. Navios Partners accounted for the NMCI Merger “as a business combination achieved in stages”, which results in the application of the “acquisition method,” as defined under ASC 805, Business Combinations. Navios Partners’ previously held equity interest in Navios Containers was remeasured to its fair value at March 31, 2021, the date the controlling interest was acquired and the resulting gain was recognized in earnings. Under the acquisition method, the fair value of the consideration paid by Navios Partners in connection with the transaction was allocated to Navios Containers’ net assets based on their estimated fair values at the date of the completion of the NMCI Merger. The excess of the fair value of the identifiable net assets acquired of $ 342,674 over the total purchase price consideration of $ 298,621 , resulted in a bargain gain of $ 44,053 . The transaction resulted in a bargain gain as a result of the share price of Navios Containers trading at a discount to their net asset value. The fair value of the vessels was determined based on vessel valuations, obtained from independent third party shipbrokers, which are among other things, based on recent sales and purchase transactions of similar vessels. The fair value of the unfavorable lease terms (intangible liabilities) was determined by reference to market data and the discounted amount of expected future cash flows. The key assumptions that were used in the discounted cash flow analysis were as follows: (i) the contracted charter rate of the acquired charter over the remaining lease term compared to the current market charter rates for a similar contract and (ii) discounted using the Company’s relevant discount factor of 8.89 %. As of March 31, 2021, Navios Partners’ previously held interest of 35.7 106,997 9.23 75,387 5,452 80,839 64.3 191,624 8,133,452 23.56 Since the completion of the NMCI Merger on March 31, 2021, beginning from April 1, 2021, the results of operations of Navios Containers are included in Navios Partners’ Consolidated Statements of Operations. Total time charter and voyage revenues and net income of Navios Containers for the period from April 1, 2021 to December 31, 2021 included in the Consolidated Statements of Operations amounted to $ 168,322 and $ 182,479 , respectively. For the years ended December 31, 2023, December 31, 2022 and December 31, 2021 transaction costs amounted to $ 0 , $ 0 and $ 247 , respectively, and have been expensed in the Consolidated Statements of Operations under the caption “Transaction costs” in the accompanying Consolidated Statements of Operations. The following table summarizes the consideration exchanged and the fair value of assets acquired and liabilities assumed on March 31, 2021: Acquisition of Navios Containers - Schedule of recognized identified assets acquired and liabilities Purchase price: Fair value of previously held interest (35.7%) $ 106,997 Equity issuance (8,133,452 Navios Partners units * $23.56) 191,624 Total purchase price 298,621 Fair value of assets acquired and liabilities assumed: Vessels 770,981 Current assets (including cash of $10,282) 29,033 Unfavorable lease terms (224,490) Long term debt and financial liabilities assumed (including current portion) (227,434) Current liabilities (5,416) Fair value of net assets acquired 342,674 Bargain gain $ 44,053 The acquired intangible, listed below, as determined at the acquisition date and is amortized under the straight line method over the period indicated below: Acquisition of Navios Containers - Lease Future Amortization Income Within One Year Year Two Year Three Year Four Year Five Year Six Total Time charters with unfavorable lease terms $ (126,710) (52,501) (20,431) (12,462) (11,445) (941) $ (224,490) Intangible liabilities subject to amortization are amortized using straight line method over their estimated useful lives to their estimated residual value of zero. The following is a summary of the acquired identifiable intangible liability: Acquisition of Navios Containers - Acquired finite lived intangible liability Amount Description Unfavorable lease terms $ (224,490) ACQUISITION OF NAVIOS ACQUISITION On August 25, 2021 44,117,647 62.4 On October 15, 2021, Navios Partners completed the merger with Navios Acquisition (the “NNA Merger” and together with the NMCI Merger, the “Mergers”) and as a result thereof, Navios Acquisition became a wholly-owned subsidiary of Navios Partners. Each outstanding share of common stock of Navios Acquisition that was held by a stockholder other than Navios Partners was converted into the right to receive 0.1275 3,388,226 Navios Partners accounted for the control obtained “as a business combination”, which resulted in the application of the “acquisition method,” as defined under ASC 805, Business Combinations, as well as the recognition of the equity interest in Navios Acquisition not held by Navios Partners to its fair value at the date the controlling interest is acquired by Navios Partners as noncontrolling interest on the consolidated balance sheet. The excess of the fair value of Navios Acquisition’s identifiable net assets acquired of $ 211,597 150,000 57,635 3,962 The fair value of the consideration of $ 150,000 2.17 10.43 Total time charter and voyage revenues and net loss of Navios Acquisition for the period from August 26, 2021 to December 31, 2021 included in the Consolidated Statements of Operations amounted to $ 82,477 17,946 For the years ended December 31, 2023, December 31, 2022 and December 31, 2021, transaction costs amounted to $ 0 , $ 0 and $ 10,192 respectively, presented under the caption “Transaction costs” in the accompanying Consolidated Statements of Operations. The following table summarizes the fair value of the consideration transferred the fair value of assets acquired and liabilities assumed and the fair value of the noncontrolling interest in Navios Acquisition assumed on August 25, 2021: Acquisition of Navios Acquisition - Schedule of recognized identified assets acquired and liabilities Purchase consideration: Fair value of the consideration $ 150,000 Fair value of noncontrolling interest (37.6%) 57,635 Total purchase consideration 207,635 Fair value of Navios Acquisition’s assets acquired and liabilities assumed: Vessels 1,003,040 Other long-term assets 27,291 Operating lease assets 128,619 Current assets (including cash and restricted cash of $32,394) 64,180 Favorable lease terms 112,139 Unfavorable lease terms (6,529) Long term debt and financial liabilities assumed (including current portion) (811,608) Operating lease liabilities (including current portion) (128,619) Current liabilities (176,916) Fair value of Navios Acquisition’s net assets 211,597 Bargain gain upon obtaining control $ 3,962 The intangible assets and liabilities, listed below, as determined at the date of obtaining control and are amortized under the straight line method over the period indicated below: Acquisition of Navios Acquisition - Lease Future Amortization Income Within One Year Year Two Year Three Year Four Year Five Year Six and thereafter Total Time charters with favorable lease terms $ 24,398 18,232 18,156 17,702 11,182 22,469 $ 112,139 Time charters with unfavorable lease terms $ (4,672) (1,857) — — — — $ (6,529) Intangible assets and liabilities subject to amortization are amortized using straight line method over their estimated useful lives to their estimated residual value of zero. The following is a summary of the identifiable intangible asset and liability at the date of obtaining control: Acquisition of Navios Acquisition - Acquired finite lived intangible liability Amount Description Favorable lease terms $ 112,139 Unfavorable lease terms $ (6,529) If the acquisitions of Navios Containers and Navios Acquisition had been consummated as of January 1, 2020, Navios Partners’ pro-forma revenues and net income for the year ended December 31, 2021 would have been $ 924,978 377,071 715,397 97,047 80,839 48,015 11,169 |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2023 | |
Cash and Cash Equivalents [Abstract] | |
Cash and cash equivalents | NOTE 4 – CASH AND CASH EQUIVALENTS Cash and cash equivalents Cash and cash equivalents consist of the following: Cash and cash equivalents December 31, 2023 December 31, 2022 Cash and cash equivalents $ 240,378 $ 157,814 Restricted cash 8,797 17,284 Total cash and cash equivalents and restricted cash $ 249,175 $ 175,098 Restricted cash relates to amounts held in retention accounts in order to service debt and interest payments, as required by certain of the Company’s credit facilities and financial liabilities. Cash deposits and cash equivalents in excess of amounts covered by government-provided insurance are exposed to loss in the event of non-performance by financial institutions. Navios Partners does maintain cash deposits and equivalents in excess of government-provided insurance limits. Navios Partners also minimizes exposure to credit risk by dealing with a diversified group of major financial institutions. |
Accounts receivable, net
Accounts receivable, net | 12 Months Ended |
Dec. 31, 2023 | |
Accounts Receivable Net | |
Accounts receivable, net | NOTE 5 – ACCOUNTS RECEIVABLE, NET Accounts receivable, net Accounts receivable consisted of the following: Accounts Receivable, net - Lessen by Provision for Doubtful Accounts December 31, 2023 December 31, 2022 Accounts receivable $ 42,237 $ 78,020 Less: Provision for credit losses — (2,990) Accounts receivable, net $ 42,237 $ 75,030 Charges to provisions for credit losses are summarized as follows: Accounts Receivable, net - Changes to provisions for credit losses Allowance for credit losses Balance at beginning of period Charges to costs and expenses Amount utilized Balance at end of period Year ended December 31, 2023 $ (2,990) $ — $ 2,990 $ — Year ended December 31, 2022 $ (2,990) $ — $ — $ (2,990) Year ended December 31, 2021 $ (2,990) $ — $ — $ (2,990) Concentration of credit risk with respect to accounts receivable is limited due to the Company's large number of customers, who are internationally dispersed and have a variety of end markets in which they sell. Due to these factors, management believes that no additional credit risk beyond amounts provided for collection losses is inherent in the Company's trade receivables. For the years ended December 31, 2023 and 2022, no customer accounted for 10.0 % or more of the Company’s total revenues. For the year ended December 31, 2021, Singapore Marine Pte. Ltd represented approximately 14.5 % of the Company’s total revenues. No other customers accounted for 10.0% or more of the Company’s total revenues for any of the years presented. |
Prepaid expenses and other curr
Prepaid expenses and other current assets | 12 Months Ended |
Dec. 31, 2023 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Prepaid expenses and other current assets | NOTE 6 – PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets Prepaid expenses and other current assets consist of the following: Prepaid Expenses And Other Current Assets December 31, 2023 December 31, 2022 Prepaid voyage costs $ 7,350 $ 8,825 Inventories 37,566 32,667 Claims receivable 8,507 12,694 Other 7,913 6,110 Total prepaid expenses and other current assets $ 61,336 $ 60,296 Inventories are comprised of bunkers, lubricants and stores remaining on board as of December 31, 2023 and 2022. Claims receivable mainly represent claims against vessels' insurance underwriters in respect of damages arising from accidents or other insured risks, as well as claims under charter contracts. |
Vessels, net
Vessels, net | 12 Months Ended |
Dec. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
Vessels, net | NOTE 7 – VESSELS, NET Vessels, net Vessels, net Total Vessels Cost Accumulated Depreciation Net Book Value Balance December 31, 2020 $ 1,314,740 $ (273,602) $ 1,041,138 Additions/ (Depreciation) 1,996,820 (98,739) 1,898,081 Disposals (90,933) 4,284 (86,649) Balance December 31, 2021 $ 3,220,627 $ (368,057) $ 2,852,570 Additions/ (Depreciation) 1,202,206 (163,941) 1,038,265 Disposals (130,683) 17,177 (113,506) Balance December 31, 2022 $ 4,292,150 $ (514,821) $ 3,777,329 Additions/ (Depreciation) 432,773 (199,135) 233,638 Disposals (301,462) 25,166 (276,296) Balance December 31, 2023 $ 4,423,461 $ (688,790) $ 3,734,671 The above balances as of December 31, 2023 are analyzed in the following tables: Owned Vessels Cost Accumulated Depreciation Net Book Value Balance December 31, 2022 $ 3,757,903 $ (505,943) $ 3,251,960 Additions/ (Depreciation) 241,956 (174,476) 67,480 Disposals (217,827) 23,888 (193,939) Balance December 31, 2023 $ 3,782,032 $ (656,531) $ 3,125,501 Right-of-use assets under finance Lease Cost Accumulated Depreciation Net Book Value Balance December 31, 2022 $ 534,247 $ (8,878) $ 525,369 Additions/ (Depreciation) 190,817 (24,659) 166,158 Transfers to owned vessels (83,635) 1,278 (82,357) Balance December 31, 2023 $ 641,429 $ (32,259) $ 609,170 Right-of-use assets under finance leases are calculated at an amount equal to the finance liability, increased with the allocated excess value, the initial direct costs and adjusted for the carrying amount of the straight-line effect of liability as well as the favorable and unfavorable lease terms derived from charter-in agreements. Following the declaration of the Company’s option to extend the charter period of one Kamsarmax vessel for one year commencing in May 2023, the corresponding right-of-use asset under finance lease was increased by $ 1,620 46,407 During the years ended December 31, 2023, 2022 and 2021, the Company capitalized certain extraordinary fees and costs related to vessels' regulatory requirements, including ballast water treatment system installation, exhaust gas cleaning system installation and other improvements that amounted to $ 58,766 , $ 18,901 11,408 respectively, and are presented under the caption “Acquisition of/ additions to vessels” in the Consolidated Statements of Cash Flows (see Note 17 – Transactions with related parties and affiliates). Acquisition of Vessels 2023 On November 9, 2023, Navios Partners took delivery of the Sparrow, a 2023 5,300 66,733 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, which was previously chartered-in and accounted for as a right-of-use asset under operating lease. In accordance with the provisions of ASC 842, the Company accounted the transaction as a lease modification and upon reassessment of the classification of the lease, the Company has classified the above transaction as finance lease, as of the effective date of the modification. Following the reassessment performed, the Company recognized a right-of-use asset at $ 27,561 , being an amount equal to the finance lease liability (see Note 11 – Borrowings). On October 16, 2023, Navios Partners acquired from an unrelated third party, the Navios Horizon I, for an acquisition cost of $ 28,127 , which was previously accounted for as a right-of-use asset under a finance lease. At the same date, the Company derecognized the right-of-use asset under finance lease and recognized the vessel at an aggregate cost of $ 27,555 . On June 21, 2023, Navios Partners took delivery of the Navios Amethyst, a 2023 -built Capesize vessel of 182,212 dwt, from an unrelated third party, by entering into a 15-year bareboat charter-in agreement, which provides for purchase options with de-escalating purchase prices. Navios Partners accounted for the bareboat charter-in agreement as a finance lease, and recognized a right-of-use asset at $ 64,600 , being an amount equal to the initial measurement of the finance lease liability, including capitalized expenses, (see Note 11 - Borrowings), increased by the amount of $ 2,574 , which was prepaid before the lease commencement. On April 27, 2023, Navios Partners took delivery of the Navios Sakura, a 2023 -built Capesize vessel of 182,169 dwt , from an unrelated third party by entering into a 15-year bareboat charter-in agreement, which provides for purchase options with de-escalating purchase prices. Navios Partners accounted for the bareboat charter-in agreement as a finance lease, and recognized a right-of-use asset at $ 50,890 , being an amount equal to the initial measurement of the finance lease liability, including capitalized expenses, (see Note 11- Borrowings), increased by the amount of $ 2,579 , which was prepaid before the lease commencement. On March 29, 2023, Navios Partners took delivery of the Navios Altair, a 2023 -built Capesize vessel of 182,115 dwt, from an unrelated third party, by entering into a 15-year bareboat charter-in agreement, which provides for purchase options with de-escalating purchase prices. Navios Partners accounted for the bareboat charter-in agreement, as a finance lease, and recognized a right-of-use asset at $ 46,146 being an amount equal to the initial measurement of the finance lease liability, including capitalized expenses, (see Note 11– Borrowings), increased by the amount of $ 3,028 , which was prepaid before the lease commencement. On March 6, 2023, Navios Partners paid an amount of $ 42,879 (including $ 1,600 related to the scrubber system installation) and acquired from an unrelated third party, the Navios Felix, a 2016 -built scrubber-fitted Capesize vessel of 181,221 dwt, which was previously accounted for as a right-of-use asset under a finance lease. At the same date, the Company derecognized the right-of-use asset under finance lease and recognized the vessel at an aggregate cost of $ 53,232 . On February 5, 2023, Navios Partners took delivery of the Navios Meridian, a 2023 -built Kamsarmax vessel of 82,010 dwt, from an unrelated third party, for an acquisition cost of $ 35,605 (including $ 1,305 2022 On December 14, 2022, Navios Partners took delivery of the Navios Alegria, a 2016 Kamsarmax 84,852 27,493 243 On November 17, 2022, Navios Partners took delivery of the Navios Azalea, a 2022 Capesize 182,064 44,753 On September 21, 2022, Navios Partners took delivery of the Navios Armonia, a 2022 -built Capesize vessel of 182,079 dwt, from an unrelated third party, by entering into a 15-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. Navios Partners accounted for the vessel as finance lease for an acquisition cost of $ 44,254 , including capitalized expenses, and recorded a right-of-use asset at an amount equal to the finance lease liability (see Note 11 – Borrowings), increased by initial direct costs adjusted for the carrying amount of the straight-line effect of the liability. On September 13, 2022, Navios Partners took delivery of the Navios Astra, a 2022 -built Capesize vessel of 182,393 dwt, from an unrelated third party, by entering into a ten-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. Navios Partners declared its option to purchase the vessel at the end of the tenth year of the bareboat charter-in agreement, preserving the right to exercise the purchase option earlier during the option period. Navios Partners accounted for the vessel as finance lease for an acquisition cost of $ 55,804 , including capitalized expenses, and recorded a right-of-use asset at an amount equal to the finance lease liability (see Note 11 – Borrowings), increased by initial direct costs adjusted for the carrying amount of the straight-line effect of the liability. On July 27, 2022, Navios Partners took delivery of the Navios Primavera, a 2022 Kamsarmax 82,003 32,566 986 As of December 31, 2022, the Company’s capitalized expenses and deposits for the option to acquire vessels amounted to $ 16,745 Following the acquisition of 36-vessel drybulk fleet from Navios Holdings, on July 29, 2022, the Company took delivery of ten vessels accounted for as finance leases for an acquisition cost of $ 389,436 and recorded a right-of-use asset at an amount equal to the finance lease liability (see Note 11 – Borrowings), increased with the allocated excess value and adjusted for the carrying amount of the straight-line effect of the liability as well as the favorable and unfavorable lease terms derived from charter-in agreements. On September 8, 2022, the Company took delivery of 20 vessels held and used, accounted for as owned, for an acquisition cost of $ 588,939 (see Note 2(l) – Summary of significant accounting policies). 2021 Upon acquisition of the majority of outstanding stock of Navios Acquisition and the completion of the NMCI Merger, the fleets of Navios Acquisition and Navios Containers were included in Navios Partners’ owned fleet (see Note 3 – Acquisition of Navios Containers and Navios Acquisition). On July 9, 2021, Navios Partners acquired the Navios Azimuth, a 2011 Capesize 179,169 30,003 3 On June 30, 2021, Navios Partners acquired the Navios Ray, a 2012 Capesize 179,515 2009 Capesize 180,022 58,000 On June 4, 2021, Navios Partners acquired the Navios Koyo, a 2011 -built Capesize vessel of 181,415 dwt, from its affiliate, Navios Holdings, for an acquisition cost of $ 28,567 (including $ 67 capitalized expenses) (see Note 17 – Transactions with related parties and affiliates). On May 10, 2021, Navios Partners acquired the Ete N, a 2012 -built Containership of 2,782 TEU, the Fleur N, a 2012 -built Containership of 2,782 TEU and the Spectrum N, a 2009 -built Containership of 2,546 TEU from Navios Acquisition, for an aggregate purchase price of $ 55,500 (see Note 17 – Transactions with related parties and affiliates). On March 30, 2021, Navios Partners acquired the Navios Avior, a 2012 built Kamsarmax vessel of 81,355 dwt, and the Navios Centaurus, a 2012 -built Kamsarmax vessel of 81,472 dwt, from its affiliate, Navios Holdings, for an acquisition cost of $ 39,320 (including $ 70 capitalized expenses), including working capital balances of $ (5,766) (see Note 17 – Transactions with related parties and affiliates). The acquisition of the individual vessels from Navios Holdings (except for the Navios Koyo) and Navios Acquisition was effected through the acquisition of all of the capital stock of the respective vessel-owning companies, which held the ownership and other contractual rights and obligations related to each of the acquired vessels. Management accounted for each acquisition as an asset acquisition under ASC 805. Sale of Vessels 2023 During the year ended December 31, 2023, Navios Partners sold 15 vessels to various unrelated third parties for an aggregate net sales price of $ 259,004 53,032 12,033 2022 During the year ended December 31, 2022, Navios Partners sold six vessels (excluding one vessel classified as held for sale, see Note 2(k) – Summary of significant accounting policies) to various unrelated third parties for an aggregate net sales price of $ 270,511 7,653 113,246 Vessels “agreed to be sold” On January 5, 2023, Navios Partners agreed to sell the Navios Prosperity I, a 2007 Panamax 75,527 13,750 February 7, 2023 On December 30, 2022, Navios Partners agreed to sell the Navios Amaryllis, a 2008 Ultra-Handymax 58,735 15,100 January 26, 2023 On December 19, 2022, Navios Partners agreed to sell the Jupiter N, a 2011 -built Post-Panamax vessel of 93,062 dwt, to an unrelated third party, for a sales price of $ 16,425 . The sale was completed on February 3, 2023 . On December 5, 2022, Navios Partners agreed to sell the Nave Polaris, a 2011 Chemical Tanker 25,145 14,650 January 24, 2023 On December 5, 2022, Navios Partners agreed to sell the Nave Cosmos, a 2010 -built Chemical Tanker vessel of 25,130 dwt, to an unrelated third party, for a sales price of $ 13,600 . The sale was completed on January 9, 2023 . On December 1, 2022, Navios Partners agreed to sell the Star N, a 2009 MR1 Product Tanker 37,836 18,100 January 26, 2023 On November 30, 2022, Navios Partners agreed to sell the Nave Dorado, a 2005 MR2 Product Tanker 47,999 15,625 January 17, 2023 Following the sale of the vessels and the sales agreed to during the year ended December 31, 2022 analyzed above, the aggregate amount of $ 149,352 7,913 2021 During the year ended December 31, 2021, Navios Partners sold eight vessels to various unrelated third parties for an aggregate net sales price of $ 121,080 806 87,455 33,625 Vessels impairment loss 2023 As of December 31, 2023, the Company concluded that events occurred and circumstances had changed, which indicated that potential impairment of certain of Navios Partners’ long-lived assets might exist and a recoverability test of certain of long-lived assets was performed. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the Company’s future operations. As of December 31, 2023, the Company’s recoverability test concluded that no impairment loss was identified and recognized, as the undiscounted projected net operating cash flows of each asset group exceeded the carrying value. 0 2022 As of December 31, 2022, the Company concluded that events occurred and circumstances had changed, which indicated that potential impairment of certain of Navios Partners' long-lived assets might exist. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the Company’s future operations. As a result, a recoverability test of certain of long-lived assets was performed. During the year ended December 31, 2022, an impairment loss of $ 7,913 2021 As of December 31, 2021, events and circumstances did not trigger the existence of potential impairment of the vessels, mainly due to the market improvement. As a result, there was no impairment charge for the year ended December 31, 2021. |
Intangible assets and liabiliti
Intangible assets and liabilities | 12 Months Ended |
Dec. 31, 2023 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible assets and liabilities | NOTE 8 – INTANGIBLE ASSETS AND LIABILITIES Intangible assets and liabilities Intangible assets as of December 31, 2023 and December 31, 2022 consisted of the following: Intangible Assets and Liabilities - Intangible assets, Favorable Lease Cost Accumulated Amortization Net Book Value Favorable lease terms December 31, 2020 $ 83,716 $ (81,716) $ 2,000 Additions/ (Amortization) 112,138 (13,716) 98,422 Favorable lease terms December 31, 2021 $ 195,854 $ (95,432) $ 100,422 Additions/ (Amortization) 15,790 (37,496) (21,706) Favorable lease terms December 31, 2022 $ 211,644 $ (132,928) $ 78,716 Amortization — (18,285) (18,285) Favorable lease terms December 31, 2023 $ 211,644 $ (151,213) $ 60,431 The aggregate amortization of the intangibles for the years ending December 31 is estimated to be as follows: Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets Year Amount 2024 $ 18,120 2025 14,251 2026 8,215 2027 4,982 2028 4,982 2029 and thereafter 9,881 Total $ 60,431 Intangible assets subject to amortization are amortized using straight line 4.9 Intangible liabilities as of December 31, 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, 2021 $ 231,019 $ (108,538) $ 122,481 Additions/ (Amortization) 388 (74,963) (74,575) Unfavorable lease terms December 31, 2022 $ 231,407 $ (183,501) $ 47,906 Amortization — (19,922) (19,922) Unfavorable lease terms December 31, 2023 $ 231,407 $ (203,423) $ 27,984 The aggregate amortization of the intangible liabilities for the years ending December 31 is estimated to be as follows: Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities Year Amount 2024 $ 12,718 2025 11,680 2026 3,586 2027 — 2028 — 2029 and thereafter — Total $ 27,984 Intangible liabilities subject to amortization are amortized using straight line 2.3 |
Accounts Payable
Accounts Payable | 12 Months Ended |
Dec. 31, 2023 | |
Accounts Payable | |
Accounts Payable | NOTE 9 – ACCOUNTS PAYABLE Accounts Payable Accounts payable as of December 31, 2023 and 2022 consisted of the following: Accounts payable December 31, 2023 December 31, 2022 Creditors $ 17,097 $ 16,758 Brokers 6,918 8,598 Professional and legal fees 1,473 1,761 Total accounts payable $ 25,488 $ 27,117 |
Accrued expenses
Accrued expenses | 12 Months Ended |
Dec. 31, 2023 | |
Accrued Expenses | |
Accrued expenses | NOTE 10 – ACCRUED EXPENSES Accrued expenses Accrued expenses as of December 31, 2023 and 2022 consisted of the following: Accrued expenses December 31, 2023 December 31, 2022 Accrued voyage expenses $ 10,641 $ 5,742 Accrued loan interest 7,420 8,297 Accrued legal and professional fees 5,547 2,010 Total accrued expenses $ 23,608 $ 16,049 As of December 31, 2023 and December 31, 2022, the amount of $ 4,016 675 9,855 7,605 5,738 |
Borrowings - Credit Facilities
Borrowings - Credit Facilities (Narrative I) | 12 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
Borrowings - Credit Facilities (Narrative I) | NOTE 11 – BORROWINGS Borrowings - Credit Facilities (Narrative I) Borrowings as of December 31, 2023 and December 31, 2022 consisted of the following: Borrowings December 31, 2023 December 31, 2022 Credit facilities $ 908,288 $ 874,038 Financial liabilities 502,275 695,934 Finance lease liabilities 468,414 389,007 Total borrowings $ 1,878,977 $ 1,958,979 Less: Current portion of long-term borrowings, net (285,036) (391,095) Less: Deferred finance costs, net (17,514) (13,532) Long-term borrowings, net $ 1,576,427 $ 1,554,352 As of December 31, 2023, the total borrowings, net of deferred finance costs were $ 1,861,463 Credit Facilities NIBC Bank N.V.: On December 28, 2018 28,500 three to refinance three Ultra-Handymax vessels, previously included in the Term Loan B collateral package 11,915 13,475 one one other Handymax vessel 4,214 10,380 Skandinaviska Enskilda BanKen AB: On June 29, 2022 55,000 to refinance the existing indebtedness of four of its vessels and for general corporate purposes 43,240 second quarter of 2027 Compounded SOFR 225 On April 19, 2023, Navios Partners entered into a credit facility with Skandinaviska Enskilda Banken AB of up to $ 65,000 to refinance the existing indebtedness of five of its tanker vessels and for general corporate purposes 61,100 second quarter of 2028 Compounded SOFR 200 Hellenic Bank Public Company Limited: May 9, 2022 , Navios Partners entered into a credit facility with Hellenic Bank Public Company Limited (“Hellenic Bank”) of up to $ 25,235 in order to refinance the existing indebtedness of five of its vessels and for working capital purposes . On May 11, 2022, the full amount was drawn. In January 2023, following the sale of one 2005-built MR2 Product Tanker vessel of 47,999 dwt, the amount of $ 3,700 was prepaid. As of December 31, 2023, the total outstanding balance was $ 15,505 . The facility matures in the second quarter of 2027 and bears interest at Term Secured Overnight Financing Rate (“Term SOFR ”) plus a credit adjustment spread plus 250 bps per annum. Hamburg Commercial Bank AG: September 5, 2022 210,000 to refinance the existing indebtness of 20 of its vessels and for working capital purposes 10,239 8,885 5,297 144,201 second quarter of 2025 Compounded SOFR 250 FIRST-CITIZENS BANK & TRUST COMPANY: December 21, 2022 , Navios Partners entered into a credit facility with First-Citizens Bank & Trust Company of up to $ 44,200 in order to refinance the existing indebtedness of three of its tanker vessels and for general corporate purposes . On January 9, 2023, the full amount was drawn. 39,700 . The facility matures in the first quarter of 2028 and bears interest at Term SOFR plus 195 bps per annum. DNB BANK ASA: August 19, 2021 , Navios Partners entered into a credit facility with DNB Bank ASA for a total amount of up to $ 18,000 , in order to finance part of the acquisition cost of the Navios Azimuth . On August 20, 2021, the full amount was drawn. As of December 31, 2023, the remaining outstanding balance was $ 12,240 third quarter of 2026 and bears interest at Compounded SOFR plus a credit adjustment spread plus a margin (ranging from 280 bps to 290 bps per annum depending on the emission efficiency ratio of the vessels as defined in the loan agreement) . On December 13, 2021 72,710 for the refinancing of the existing credit facilities of three tanker vessels and two dry bulk vessels 37,075 19,070 fourth quarter of 2026 Compounded SOFR plus a credit adjustment spread plus a margin (ranging from 270 bps to 280 bps per annum depending on the emission efficiency ratio of the vessels as defined in the loan agreement) On February 16, 2023, Navios Partners entered into a credit facility with DNB (UK) Limited and The Export-Import Bank of China for a total amount up to $ 161,600 in order to finance part of the contract price of four newbuilding containerships, currently under construction . As of December 31, 2023, the total amount has remained undrawn. The credit facility matures ten years after drawdown and bears interest at Compounded SOFR plus 170 bps per annum. KFW IPEX-BANK GMBH: September 30, 2022 , Navios Partners entered into a credit facility with KFW IPEX-BANK GMBH (“KFW”) for a total amount up to $ 86,240 in order to finance part of the acquisition cost of two newbuilding containerships . Following the delivery of a 5,300 TEU containership in November 2023, the amount of $ 43,120 was drawn. As of December 31, 2023, the total outstanding balance was $ 43,120 and $ 43,120 remains to be drawn. The facility matures seven years after the drawdown date and bears interest at Compounded SOFR plus 200 bps per annum. On April 25, 2023, Navios Partners entered into an export agency-backed facility with KFW for a total amount of up to $ 165,638 in order to finance the acquisition cost of two newbuilding 7,700 TEU containerships, currently under construction . As of December 31, 2023, the Company has drawn a total amount of $ 84,781 . As of December 31, 2023, the total outstanding balance was $ 84,781 and $ 80,857 remains to be drawn. The facility is scheduled to mature 12 years after the delivery of each vessel and bears interest at Compounded SOFR plus 150 bps per annum. EUROBANK S.A: 30,000 to refinance the existing indebtedness of three of its tanker vessels and for general corporate purposes . On May 3, 2023, the full amount was drawn. As of December 31, 2023, the total outstanding balance was $ 28,200 . The facility matures in the second quarter of 2028 and bears interest at Term SOFR plus 100 bps per annum for any part of the loan (up to 70%) secured by cash collateral and 225 bps per annum for the remaining amount. |
Borrowings - Credit Facilitie_2
Borrowings - Credit Facilities (Narrative II) | 12 Months Ended |
Dec. 31, 2023 | |
Borrowings - Credit Facilities | |
Borrowings - Credit Facilities (Narrative II) | Borrowings - Credit Facilities (Narrative II) BNP PARIBAS: April 28, 2021 , Navios Partners entered into a credit facility with BNP PARIBAS for a total amount of $ 40,000 to refinance the existing credit facility dated June 26, 2017, as amended on April 9, 2019 and to finance the acquisition of two 2012 built 2,782 TEU containerships. On May 10, 2021, the full amount of the credit facility was drawn. The facility was scheduled to mature in the second quarter of 2025 LIBOR 285 6,363 was prepaid. On April 26, 2023, following the sale of one 2007-built Panamax vessel of 75,511 dwt, the amount of $ 6,441 was prepaid. On June 16, 2023, the outstanding balance of $ 16,651 was repaid and refinanced. On June 12, 2023, Navios Partners entered into a credit facility with BNP Paribas of up to $ 40,000 in order to refinance the existing indebtedness of nine of its containerships . On June 16, 2023, the full amount was drawn. As of December 31, 2023, the total outstanding balance was $ 35,834 . The facility matures in the second quarter of 2026 and bears interest at Compounded SOFR plus 250 bps per annum. On June 21, 2023, Navios Partners entered into a credit facility with BNP Paribas, Credit Agricole Corporate and Investment Bank and First-Citizens Bank & Trust Company of up to $ 107,600 to refinance the existing indebtedness of ten of its vessels and for general corporate purposes. On June 26, 2023, the full amount was drawn. As of December 31, 2023, the total outstanding balance was $ 93,600 second quarter of 2026 Compounded SOFR 250 NATIONAL BANK OF GREECE S.A: June 17, 2021 , Navios Partners entered into a credit facility with National Bank of Greece for a total amount of up to $ 43,000 , in order to refinance the existing credit facilities of six dry bulk vessels . On June 18, 2021, the full amount was drawn. In August 2021, following the sale of one 2005-built Panamax vessel of 74,759 dwt, the amount of $ 6,019 was prepaid. In May 2023, following the sale of one 2004-built Panamax vessel of 75,798 dwt and one 2011-built Ultra-Handymax vessel of 56,644 dwt, the amount of $ 9,517 was prepaid. In June 2023, the outstanding balance of $ 19,079 was prepaid and refinanced. On June 20, 2023, Navios Partners entered into a credit facility with National Bank of Greece S.A of up to $ 77,822 in order to refinance the existing indebtedness of ten of its vessels and for general corporate purposes . In June 2023, the full amount was drawn. As of December 31, 2023, the total outstanding balance was $ 72,822 second quarter of 2028 and bears interest at Term SOFR (with option to switch to Compounded SOFR) plus 215 bps per annum. CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK: July 4, 2019 , Navios Partners entered into a credit facility with Credit Agricole Corporate and Investment Bank (“CACIB”) of up to $52,800 (divided into four tranches) in order to refinance three Capesize vessels and one Panamax vessel, previously included in the Term Loan B collateral package 36,516 , in total were drawn. In October 2019, the fourth tranche of the credit facility of $ 16,284 was drawn. On August 23, 2021, Navios Partners prepaid $ 11,404 of the credit facility and released one vessel from the collateral package of the credit facility. The Company entered into a sale and leaseback agreement of $15,000 for the released vessel (see also Financial Liabilities below). The facility was scheduled to mature in the second quarter of 2025 and bore interest at LIBOR plus 275 bps per annum. On June 30, 2023, the outstanding balance of $ 21,896 was repaid and refinanced. On March 23, 2021 58,000 to refinance the CACIB credit facility dated September 28, 2020 and to partially finance the acquisition of the Navios Centaurus and the Navios Avior first quarter of 2026 LIBOR 300 44,400 On June 28, 2023, Navios Partners entered into a credit facility with Credit Agricole Corporate and Investment Bank of up to $ 62,400 to refinance existing indebtedness of seven of its dry bulk vessels 56,900 second quarter of 2026 SOFR 250 ABN Amro Bank N.V: March 28, 2022 55,000 to refinance the existing indebtedness of three of its vessels and for general corporate purposes 43,100 first quarter of 2027 Compounded SOFR 225 Upon completion of the NMCI Merger, Navios Partners assumed the following credit facilities: BNP Paribas: June 26, 2019 , Navios Containers entered into a facility agreement with BNP Paribas for an amount of up to $54,000 to refinance the existing facilities of seven containerships . On June 27, 2019, Navios Containers drew $ 48,750 net of loan’s discount of $ 405 . The loan bore interest at a rate of LIBOR plus 300 bps and was scheduled to mature in the second quarter of 2024. In June 2023, the outstanding balance of $ 22,005 was prepaid and refinanced. Upon acquisition of the majority of outstanding stock of Navios Acquisition, Navios Partners assumed the following credit facilities: BNP Paribas S.A.: August 2021 , Navios Acquisition, entered into a loan facility agreement of up to $ 96,000 with BNP Paribas, in order to partially refinance the existing indebtedness of five tanker vessels . Pursuant to an amendment in December 2021, one container vessel l. The facility was scheduled to mature in the third quarter of 2025 LIBOR 285 5,685 was prepaid. In February 2023, following the sale of one 2008-built VLCC vessel of 297,395 dwt, the amount of $ 16,618 was prepaid. In June 2023, the outstanding balance of $ 42,196 was prepaid and refinanced. Hamburg Commercial Bank AG: August 2021 , as amended on November 10, 2021 and December 07, 2021, Navios Acquisition entered into a loan agreement with HCOB, Alpha Bank S.A. and National Bank of Greece, of $ 190,216 in order to partially refinance the existing indebtedness of seven tanker vessels . Pursuant to an amendment in December 2021, two container vessels were added as collaterals . In January 2023, following the sale of one 2011-built Chemical Tanker vessel of 25,145 dwt and one 2010-built Chemical Tanker vessel of 25,130 dwt, the amount of $ 11,440 was prepaid. As of December 31, 2023, the remaining outstanding balance of the credit facility was $ 114,875 . The facility matures in the second quarter of 2025 . Pursuant to the amendment dated July 24, 2023 the facility bears interest at Compounded SOFR plus margin ranging from 290 to 350 bps per annum , based on the loan to value ration as defined in the loan agreement. Eurobank S.A: June 2020 , Navios Acquisition entered into a loan agreement with Eurobank S.A. of $ 20,800 in order to refinance two LR1s . The facility was scheduled to mature in the second quarter of 2024 LIBOR plus 300 bps per annum 6,000 5,600 Following the acquisition of 36-vessel drybulk fleet from Navios Holdings, Navios Partners assumed the following credit facilities: Credit Agricole Corporate and Investment Bank: December 2021 , Navios Holdings entered into a loan agreement with Credit Agricole Corporate and Investment Bank and BNP Paribas for an amount of $ 105,000 , for the refinancing of seven of its vessels . On January 5, 2022, the amount under this facility was fully drawn. In October 2022, the amount of $ 10,260 was repaid following the sale of one 2007-built Ultra-Handymax vessel. The facility was scheduled to mature in the fourth quarter of 2024 and bore interest at LIBOR plus 285 bps per annum. In June 2023, the outstanding balance of $ 65,340 |
Borrowings - Financial Liabilit
Borrowings - Financial Liabilities (Narrative I) | 12 Months Ended |
Dec. 31, 2023 | |
Borrowings - Financial Liabilities | |
Borrowings - Financial Liabilities (Narrative I) | Borrowings - Financial Liabilities (Narrative I) Financial Liabilities In December 2018 , the Company entered into two sale and leaseback agreements of $ 25,000 in total, with unrelated third parties for the Navios Fantastiks and the Navios Beaufiks. Navios Partners has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback agreements as a financial liability. In October 2023, following the sale of the Navios Beaufiks a purchase obligation of $ 6,528 was prepaid and the respective sale and leaseback agreement was terminated. The sale and leaseback agreement of the Navios Fantastiks matures in the third quarter of 2024 7,239 . On April 5, 2019 , the Company entered into a sale and leaseback agreement of $ 20,000 , with unrelated third parties for the Navios Sol, a 2009 -built Capesize vessel of 180,274 dwt. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On April 11, 2019, the amount of $ 20,000 was drawn. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement of the Navios Sol was $ 14,334 . The agreement matures in the second quarter of 2029 . On July 2, 2019 , the Company entered into a sale and leaseback agreement of $ 22,000 , with unrelated third parties for the Navios Ace, a 2011 -built Capesize vessel of 179,016 dwt. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On July 24, 2019, the amount of $ 22,000 was drawn. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement of the Navios Ace was $ 16,505 . The agreement matures in the third quarter of 2030 . In June 2021 15,000 2009 Capesize 180,022 15,000 second quarter of 2027 10,999 In June 2021 18,500 2012 Capesize 179,515 18,500 second quarter of 2030 15,148 On August 16, 2021 15,000 2009 Capesize 180,727 15,000 third quarter of 2027 11,277 Pursuant to a novation agreement dated December 20, 2021 Kamsarmax 82,003 July 2022 25,264 third quarter of 2032 23,318 In October 2022 100,000 October 31, 2022 800 SOFR 210 67,450 On November 15, 2022 24,000 2016 Kamsarmax 84,852 24,000 fourth quarter of 2032 SOFR 211 21,441 |
Borrowings - Financial Liabil_2
Borrowings - Financial Liabilities (Narrative II) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure Borrowings Financial Liabilities Narrative Ii Abstract | |
Borrowings - Financial Liabilities (Narrative II) | Borrowings - Financial Liabilities (Narrative II) On December 5, 2022 10,500 2006 Panamax 75,756 10,500 fourth quarter of 2026 Term SOFR 241 8,469 Pursuant to a novation agreement dated January 28, 2022 Kamsarmax 82,010 27,440 first quarter of 2033 Term SOFR 191 25,763 In February 2023, the Company entered into a sale and leaseback agreement of $ 32,000 2016 Capesize 181,221 32,000 first quarter of 2033 Term SOFR 211 29,396 In May 2023, Navios Partners entered into sale and leaseback agreements of $ 178,000 ten years after the drawdown Term SOFR 210 In October 2023, the Company entered into a sale and leaseback agreement of $ 22,800 with an unrelated third party in order to finance the acquisition of the Navios Horizon I. The bareboat charter-in provides for purchase options with de-escalating prices starting on the end of the fourth year. Navios Partners has a purchase option to acquire the vessel at the end of the lease term given the fact that such exercise price is not equal to the fair value of the asset at the end of the lease term, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as financial liability. On November 16, 2023, the amount of $ 22,800 was drawn. The sale and leaseback transaction matures in the fourth quarter of 2035 and bears interest at Term SOFR plus 220 bps per annum. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $ 22,511 . In November 2023, Navios Partners entered into sale and leaseback agreements of $ 175,600 with unrelated third parties, in order to finance the acquisition of two newbuilding 5,300 TEU containerships and two newbuilding Aframax/LR2 tanker vessels. As of December 31, 2023, the total amount has remained undrawn. The sale and leaseback transaction matures ten years after the drawdown date and bears interest at Term SOFR plus 200 bps per annum. Upon completion of the NMCI Merger, Navios Partners assumed the following financial liabilities: On May 25, 2018 , Navios Containers entered into a $ 119,000 sale and leaseback transaction with unrelated third parties in order to refinance the outstanding balance of the existing facilities of 18 containerships . Navios Containers has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, Navios Containers did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback transaction as a financial liability. On June 29, 2018, Navios Containers completed the sale and leaseback of the first six vessels for $ 37,500 . On July 27, 2018 and on August 29, 2018, Navios Containers completed the sale and leaseback of four additional vessels for $ 26,000 . On November 9, 2018, Navios Containers completed the sale and leaseback of four additional vessels for $ 26,700 . Navios Containers did not proceed with the sale and leaseback transaction of the four remaining vessels. In July 2021, following the sale of one 2008 -built container vessel of 4,250 TEU, the amount of $ 4,778 was prepaid. In October 2022, the Company prepaid the amount of $ 46,365 and 12 container vessels were released. In June 2023, the sale and leaseback agreement matured, the purchase obligation of $ 3,251 was paid and the respective sale and leaseback agreement was terminated. On March 11, 2020 , Navios Containers completed a $ 119,060 sale and leaseback transaction with unrelated third parties to refinance the existing credit facilities of two 8,204 TEU containerships and two 10,000 TEU containerships . Navios Containers has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, Navios Containers did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback transaction as a financial liability. Navios Containers drew the entire amount on March 13, 2020, net of discount of $ 1,191 . In September 2022, following the sale of two 2006-built container vessels of 8,204 TEU each, the amount of $ 24,642 was prepaid. The Company also has an obligation at maturity to purchase the remaining two 10,000 TEU containerships. Following the prepayment the sale and leaseback agreement matures in March 2027 for the two 10,000 TEU containerships. In August 2023, the Company amended the sale and leaseback agreements to bear interest at Term SOFR plus 225 bps per annum. As of December 31, 2023, the outstanding balance under this sale and leaseback transaction was $ 51,636 . |
Borrowings - Financial Liabil_3
Borrowings - Financial Liabilities (Narrative III) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure Borrowings Financial Liabilities Narrative Iii Abstract | |
Borrowings - Financial Liabilities (Narrative III) | Borrowings - Financial Liabilities (Narrative III) Upon acquisition of the majority of outstanding stock of Navios Acquisition, Navios Partners assumed the following financial liabilities: On March 31, 2018 71,500 four product tankers 71,500 April 2029 Term SOFR 190 37,240 In March and April 2019 , Navios Acquisition entered into sale and leaseback agreements with unrelated third parties for $ 103,155 in order to refinance $50,250 outstanding on the existing facility on three product tankers and to finance two product tankers . Navios Acquisition had a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. The sale and leaseback agreements were scheduled to mature in March and April 2026 respectively, and bore interest at LIBOR plus 350 bps per annum. In April 2023, the Company exercised its purchase option for all five vessels before the end of the lease term, by prepaying an amount of $ 61,181 . In August 2019 15,000 one product tanker August 2024. SOFR 400 6,719 In September 2019 , Navios Acquisition entered into additional sale and leaseback agreements with unrelated third parties for $ 47,220 in order to refinance three product tankers . Navios Acquisition has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. The agreements were scheduled to mature in September 2023 and September 2026 and bore interest at LIBOR plus a margin ranging from 350 bps to 360 bps per annum , depending on the vessel financed. In May 2023, the Company exercised its purchase option for all three vessels before the end of the lease term, by prepaying an amount of $ 26,898 . In October 2019 , Navios Acquisition entered into sale and leaseback agreements with unrelated third parties for $ 90,811 in order to refinance six product tankers . Navios Acquisition had a purchase option to acquire the vessels at the end of the lease term and given the fact that such exercise price is not equal to the fair value of each asset at the end of the lease term, under ASC 842-40, the transaction was determined to be a failed sale. In May 2022, the Company exercised its purchase option for two out of six vessels before the end of the lease term, by prepaying an amount of $ 11,295 . The sale and leaseback arrangements bore interest at LIBOR plus a margin ranging from 335 bps to 355 bps per annum , depending on the vessel financed. In June 2023, the Company exercised its purchase option for the remaining four vessels before the end of the lease term, by prepaying an amount of $ 43,913 . In June 2020 72,053 one MR1, one MR2 and two LR1s 6,210 5,903 LIBOR 390 June 2027 45,610 Following the acquisition of 36-vessel drybulk fleet from Navios Holdings, Navios Partners assumed the following financial liabilities: In November 2019 33,000 a Capesize vessel first quarter of 2032 Term SOFR 211 22,250 In February 2020 35,000 a Capesize vessel first quarter of 2032 Term SOFR 211 24,059 In November 2021 19,000 a Capesize vessel fourth quarter of 2029 15,452 In December 2021 19,000 a Capesize vessel fourth quarter of 2029 15,452 In December 2021 19,000 a Capesize vessel first quarter of 2029 Term SOFR 211 13,857 In December 2021 , Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $ 20,000 in order to finance a Capesize vessel . Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the fourth quarter of 2027 . Pursuant to the amendment dated June 19, 2023, the agreement and bears interest at Term SOFR plus 311 bps per annum. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $ 14,271 . In February 2022 12,000 a Panamax vessel first quarter of 2027 8,339 In July 2022 , Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $ 22,000 in order to finance a Panamax vessel . Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the third quarter of 2032 Term SOFR plus 166 bps per annum. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $ 19,150 . |
Finance Lease Liabilities
Finance Lease Liabilities | 12 Months Ended |
Dec. 31, 2023 | |
Finance Lease Liabilities | |
Finance Lease Liabilities | Finance Lease Liabilities On November 17, 2022 , Navios Partners took delivery of the Navios Azalea, a 2022 -built Capesize vessel of 182,064 dwt, for a 15-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 7 %. As of December 31, 2023, the outstanding balance was $ 38,442 and is repayable in 14 years. On September 21, 2022 , Navios Partners took delivery of the Navios Armonia, a 2022 -built Capesize vessel of 182,079 dwt, for a 15-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value discounted by the Company’s incremental borrowing rate of approximately 7 % of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period. As of December 31, 2023, the outstanding balance was $ 38,205 and is repayable in 14 years. On September 13, 2022 , Navios Partners took delivery of the Navios Astra, a 2022 -built Capesize vessel of 182,393 dwt, for a 10-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. In December 2021, Navios Partners declared its option to purchase the vessel at the end of the tenth year of the bareboat charter-in agreement, preserving the right to exercise the purchase option earlier during the option period. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $ 42,781 , based on the net present value of the remaining charter-in payments including the purchase obligation to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 7 %. As of December 31, 2023, the outstanding balance was $ 39,620 and is repayable in nine years. On March 29, 2023, Navios Partners took delivery of the Navios Altair, a 2023 -built Capesize vessel of 182,115 dwt under a 15-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the agreement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6.5 %. As of December 31, 2023, the outstanding balance was $ 40,099 and is repayable in 15 years. On April 27, 2023, Navios Partners took delivery of the Navios Sakura, a 2023 -built Capesize vessel of 182,169 dwt, under a 15-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting at the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the agreement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 5.5 %. As of December 31, 2023, the outstanding balance was $ 44,786 and is repayable in 15 years. On June 21, 2023, Navios Partners took delivery of the Navios Amethyst, a 2023 -built Capesize vessel of 182,212 dwt, under a 15-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the agreement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 5.4 %. As of December 31, 2023, the outstanding balance was $ 59,066 and is repayable in 15 years. 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, which was previously chartered-in and accounted for as a right-of-use asset under operating lease (See Note 20 - Leases). In accordance with the provisions of ASC 842, the Company accounted the transaction as a lease modification and upon reassessment of the classification of the lease, the Company has classified the above transaction as finance lease, as of the effective date of the modification. Following the reassessment performed, the Company recognized a right-of-use asset at $ 27,561 , being an amount equal to the finance lease liability. In October 2023, the Company acquired the Navios Horizon I and repaid in full the outstanding balance of the finance lease liability as of that date. Following the acquisition of 36-vessel drybulk fleet from Navios Holdings, Navios Partners upon reassessing the classification of the following leases in accordance with the criteria in ASC 842 Leases, recognized the following finance lease liabilities: On July 29, 2022, Navios Partners took delivery of the Navios Magellan II, a 2020 -built Kamsarmax vessel of 82,037 dwt, for a remaining eight-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $ 19,385 based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 %. As of December 31, 2023, the outstanding balance was $ 17,861 and is repayable in seven years. On July 29, 2022, Navios Partners took delivery of the Navios Galaxy II, a 2020 -built Kamsarmax vessel of 81,789 dwt, for a remaining eight-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $ 17,702 based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 % As of December 31, 2023, the outstanding balance was $ 15,899 and is repayable in seven years. On July 29, 2022, Navios Partners took delivery of the Navios Uranus, a 2019 -built Kamsarmax vessel of 81,821 dwt, for a remaining seven-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $ 17,607 , based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 %. As of December 31, 2023, the outstanding balance was $ 15,828 and is repayable in six years. |
Borrowings - Finance Lease Liab
Borrowings - Finance Lease Liabilities (Narrative II) | 12 Months Ended |
Dec. 31, 2023 | |
Borrowings - Finance Lease Liabilities | |
Borrowings - Finance Lease Liabilities (Narrative II) | Borrowings - Finance Lease Liabilities (Narrative II) On July 29, 2022, Navios Partners took delivery of the Navios Felicity I, a 2020 -built Kamsarmax vessel of 81,962 dwt, for a remaining seven-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $ 17,473 , based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 %. As of December 31, 2023, the outstanding balance was $ 16,128 and is repayable in six years. On July 29, 2022, Navios Partners took delivery of the Navios Herakles I, a 2019 -built Kamsarmax vessel of 82,036 dwt, for a remaining seven-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $ 17,791 based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 %. As of December 31, 2023, the outstanding balance was $ 16,354 and is repayable in six years. On July 29, 2022, Navios Partners took delivery of the Navios Coral, a 2016 -built Kamsarmax vessel of 84,904 dwt, for a remaining three-year charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $ 35,173 , based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 %. As of December 31, 2023, the outstanding balance was $ 30,755 and is repayable in two years . On July 29, 2022 , Navios Partners took delivery of the Navios Amber, a 2015 -built Kamsarmax vessel of 80,994 dwt, for a remaining one-year charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 %. During the first half of 2023, the Company declared its option to extend the charter period for one year commencing in May 2023. Under the ASC 842, the extension of the charter period is considered as a lease modification. Consequently, the Company reallocated the remaining consideration in the contract and remeasured the finance lease liability by using the updated Company’s incremental borrowing rate of approximately 6%. The finance lease liability recognized at the date of modification was increased by $ 1,620 . The corresponding right-of-use asset under finance lease was adjusted upon remeasurement of the finance lease liability (see Note 7 – Vessels, net). As of December 31, 2023, the outstanding balance was $ 32,161 and is repayable in one year. On July 29, 2022, Navios Partners took delivery of the Navios Citrine, a 2017 -built Kamsarmax vessel of 81,626 dwt, for a remaining three-year charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $ 35,605 , based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 %. As of December 31, 2023, the outstanding balance was $ 31,566 and is repayable in two years. On July 29, 2022, Navios Partners took delivery of the Navios Dolphin, a 2017 -built Kamsarmax vessel of 81,630 dwt, for a remaining three-year charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $ 35,676 , based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 %. As of December 31, 31,644 repayable in two years. On July 29, 2022 , Navios Partners took delivery of the Navios Felix, a 2016 -built Capesize vessel of 181,221 dwt, for a remaining one-year charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $ 43,383 , based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6 %. In March 2023, the Company acquired the Navios Felix and repaid in full the outstanding balance of the finance lease liability as of that date. 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 recognizes the total interest expense incurred on finance lease liabilities under the caption “Interest expense and finance cost, net” in the Consolidated Statements of Operations. For the year ended December 31, 2023, the total interest expense incurred amounted to $ 30,313 12,243 No 26,172 10,389 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 December 31, 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 December 31, 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 were 7.2 5.3 4.1 The maturity table below reflects the principal payments for the next five years and thereafter of all borrowings of Navios Partners outstanding as of December 31, 2023, based on the repayment schedules of the respective credit facilities, financial liabilities and finance lease liabilities (as described above). Borrowings - Maturity of Long Term Debt Year Amount 2024 $ 290,709 2025 481,799 2026 280,452 2027 186,175 2028 158,253 2029 and thereafter 481,589 Total $ 1,878,977 |
Fair value of financial instrum
Fair value of financial instruments | 12 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair value of financial instruments | NOTE 12 – FAIR VALUE OF FINANCIAL INSTRUMENTS Fair value of financial instruments The carrying amounts of many of Navios Partners' financial instruments, including accounts receivable and accounts payable approximate their fair value due primarily to the short-term maturity of the related instruments. Fair value of financial instruments The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Cash and cash equivalents: Restricted cash: Other investments: Amounts due from related parties, long-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 December 31, 2023 December 31, 2022 Book Value Fair Value Book Value Fair Value Cash and cash equivalents $ 240,378 $ 240,378 $ 157,814 $ 157,814 Restricted cash $ 8,797 $ 8,797 $ 17,284 $ 17,284 Other investments $ 47,000 $ 47,000 $ — $ — Amounts due from related parties, long-term $ 39,570 $ 39,570 $ 41,403 $ 41,403 Amounts due to related parties, short-term $ (32,026) $ (32,026) $ (104,751) $ (104,751) Credit facilities and financial liabilities, including current portion, net $ (1,393,049) $ (1,410,563) $ (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 December 31, 2022. Fair Value Measurements - Fair value measurements on a Nonrecurring basis Fair Value Measurements as at December 31, 2023 Total Level I Level II Level III Cash and cash equivalents $ 240,378 $ 240,378 $ — $ — Restricted cash $ 8,797 $ 8,797 $ — $ — Other investments $ 47,000 $ 47,000 $ — $ — Amounts due from related parties, long-term $ 39,570 $ — $ 39,570 $ — Amounts due to related parties, short-term $ (32,026) $ — $ (32,026) $ — Credit facilities and financial liabilities, including current portion, net (1) $ (1,410,563) $ — $ (1,410,563) $ — 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, including current portion, 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, financial liabilities, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness. The estimated fair value of the Company’s right-of-use asset measured at fair value on a non-recurring basis (See Note 20 - Leases), is based on what a market participant would pay for the right-of-use asset for its highest and best use calculated using discounted cash flow, which comprises various assumptions, including the Company’s discount factor of 11.0% and is categorized based upon the fair value hierarchy as follows: Fair Value Measurements - Fair value of assets measured at fair value on a non-recurring basis Fair Value Measurements as at December 31, 2023 Total Level I Level II Level III Operating leases $ 3,595 $ — $ — $ 3,595 The estimated fair value of the Company’s vessels 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 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 | 12 Months Ended |
Dec. 31, 2023 | |
Repurchases And Issuance Of Units | |
Repurchases and Issuance of Units | NOTE 13 – 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 0 On May 21, 2021, Navios Partners entered into a Continuous Offering Program Sales Agreement (“$110.0m Sales Agreement”) for the issuance and sale from time to time through its agent common units having an aggregate offering price of up to $ 110,000 . As of December 31, 2021, since the commencement of the $110.0m Sales Agreement, Navios Partners had issued 3,963,249 units and received net proceeds of $ 103,691 . Pursuant to the issuance of the common units, Navios Partners issued 80,883 general partnership units to its General Partner in order to maintain its 2.0% ownership interest . As of December 31, 2021, the net proceeds from the issuance of the general partnership units were approximately $ 2,172 . No additional sales were made subsequent to December 31, 2021 or will be made under this program. On April 9, 2021, Navios Partners entered into a Continuous Offering Program Sales Agreement (“$75.0m Sales Agreement”) for the issuance and sale from time to time through its agent of common units having an aggregate offering price of up to $ 75,000 . As of December 31, 2021, since the commencement of the $75.0m Sales Agreement, Navios Partners had issued 2,437,624 units and received net proceeds of $ 73,117 . Pursuant to the issuance of the common units, Navios Partners issued 49,747 general partnership units to its General Partner in order to maintain its 2.0% ownership interest . As of December 31, 2021, the net proceeds from the issuance of the general partnership units were approximately $ 1,530 . No additional sales were made subsequent to December 31, 2021 or will be made under this program. On November 18, 2016, Navios Partners entered into a Continuous Offering Program Sales Agreement for the issuance and sale from time to time through its agent of common units having an aggregate offering price of up to $ 25,000 1,286,857 23,918 26,265 in order to maintain its 2.0% ownership interest 501 Pursuant to the terms of the NMCI Merger Agreement, each outstanding common unit of Navios Containers that was held by a unitholder other than Navios Partners, Navios Containers and their respective subsidiaries was converted into the right to receive 0.39 8,133,452 165,989 3,911 Pursuant to the terms of the Navios Acquisition’s merger agreement, each outstanding share of common stock of Navios Acquisition that was held by a stockholder other than Navios Partners, was converted into the right to receive 0.1275 3,388,226 69,147 1,893 In December 2019, Navios Partners authorized the granting of 4,000 4 10 18 0 In February 2019, Navios Partners authorized the granting of 25,396 518 8 0 23 63 12,699 259 0 In December 2018, Navios Partners authorized the granting of 97,633 1,993 27 0 79 187 0 In December 2017, Navios Partners authorized the granting of 91,336 1,864 64 0 0 186 Following the NNA Merger, Navios Partners assumed the following granted restricted common units: In December 2018, Navios Acquisition authorized and issued in the aggregate 129,269 8,116 0.1275 0 42 32 In December 2017, Navios Acquisition authorized and issued in the aggregate 118,328 3,727 0.1275 0 0 37 As of December 31, 2023, the estimated compensation cost related to service conditions of non-vested restricted common units granted in 2019 not yet recognized was $ 0 As of December 31, 2023 and December 31, 2022, there were 0 1,001 Common unitholders have limited voting rights and the Company’s partnership agreement restricts the voting rights of common unitholders owning more than 4.9% of the Company’s common units. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 14 – 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 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 | 12 Months Ended |
Dec. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | NOTE 15 – 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. On July 2, 2021, Navios Partners agreed to purchase four 5,300 TEU newbuilding containerships, from an unrelated third party, for a purchase price of $ 61,600 each. On November 9, 2023 and on January 25, 2024 , Navios Partners took delivery of the Sparrow and Zim Eagle, respectively. The remaining vessels are expected to be delivered into Navios Partners’ fleet during 2024 . Navios Partners agreed to pay in total $ 18,480 in three installments for each vessel and the remaining amount of $ 43,120 for each vessel plus extras will be paid upon delivery of the vessel. On August 13, 2021, the first installment of each vessel of $6,160, or $ 24,640 accumulated for the four vessels, was paid. During the year ended December 31, 2022, the aggregate amount of $ 36,960 in relation to the second installment for the four vessels and the third installment for the two vessels, was paid. During the year ended December 31, 2023, the aggregate amount of $ 55,440 in relation to the third installment for the two vessels and the last installment for the one vessel, was paid. As of December 31, 2023, the total amount of $ 55,440 is presented under the caption “Deposits for vessels acquisitions” in the Consolidated Balance Sheets. 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 18,480 30,800 In November 2021, Navios Partners agreed to purchase four 5,300 62,825 during 2024 25,130 four 37,695 43,978 37,695 81,673 In April 2022, Navios Partners agreed to purchase four 115,000 58,500 4,158 during 2024 23,400 four 35,100 25,063 31,329 56,392 In June 2022, Navios Partners agreed to purchase two newbuilding liquefied natural gas (LNG) dual fuel 7,700 TEU containerships, from an unrelated third party, for an amended purchase price of $ 115,510 each (original price of $120,610 each). The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2024 and the first half of 2025 . Navios Partners agreed to pay in total $ 92,408 in four installments for each vessel and the remaining amount of $ 23,102 for each vessel will be paid upon delivery of the vessel. During the year ended December 31, 2022, the first installment of each vessel of $23,102, or $ 46,204 accumulated for the two vessels, was paid. During the year ended December 31, 2023, the aggregate amount of $ 103,959 in relation to the second and third installment for the two vessels, was paid. As of December 31, 2023, the total amount of $ 150,163 is presented under the caption “Deposits for vessels acquisitions” in the Consolidated Balance Sheets. In November 2022, Navios Partners agreed to acquire two 115,000 60,500 4,158 first half of 2025 24,200 four 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 9,000 10,392 During the second quarter of 2023, Navios Partners agreed to acquire two newbuilding Japanese MR2 Product Tanker vessels from an unrelated third party, under bareboat contracts. Each vessel is being bareboat-in for ten years . Navios Partners has the option to acquire the vessels starting at the end of year four until the end of the charter period. Navios Partners agreed to pay in total $ 18,000 , representing a deposit for the option to acquire the vessels after the end of the fourth year. The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2026 and the first half of 2027 . During the year ended December 31, 2023, the aggregate amount of $ 9,000 10,266 In August 2023, Navios Partners agreed to acquire two newbuilding Japanese MR2 Product Tanker vessels from an unrelated third party, under bareboat contracts. Each vessel is being bareboat-in for ten years 20,000 first half of 2027 10,000 11,286 During the third quarter of 2023, Navios Partners agreed to acquire four 115,000 dwt Aframax/LR2 newbuilding scrubber-fitted vessels for a purchase price of $ 61,250 each (plus $ 3,300 in additional features). The vessels are expected to be delivered into Navios Partners’ fleet during 2026 . Navios Partners agreed to pay in total $ 27,562 plus extras in four installments for each vessel and the remaining amount of $ 33,688 plus extras for each vessel will be paid upon delivery of each vessel. As of December 31, 2023, an amount of $ 47,566 As of December 31, 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 Year Amount 2024 $ — 2025 773 2026 5,643 2027 17,050 2028 18,666 2029 and thereafter 144,163 Total $ 186,295 |
Future Minimum Contractual Reve
Future Minimum Contractual Revenue | 12 Months Ended |
Dec. 31, 2023 | |
Leases [Abstract] | |
Future Minimum Contractual Revenue | NOTE 16 – FUTURE MINIMUM CONTRACTUAL REVENUE Future Minimum Contractual Revenue The future minimum contractual lease income (charter-out rates are presented net of commissions and assume no off-hires days) as of December 31, 2023, is as follows: Future Minimum Contractual Revenue - Operating Lease, payments to be received Year Amount 2024 $ 830,176 2025 605,990 2026 472,550 2027 387,613 2028 332,176 2029 and thereafter 478,117 Total $ 3,106,622 |
Transactions with Related Parti
Transactions with Related Parties and Affiliates | 12 Months Ended |
Dec. 31, 2023 | |
Related Party Transactions [Abstract] | |
Transactions with Related Parties and Affiliates | NOTE 17 – TRANSACTIONS WITH RELATED PARTIES AND AFFILIATES Transactions with Related Parties and Affiliates Vessel operating expenses: Following the completion of the merger with 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 Managers provided commercial and technical management services to Navios Partners’ vessels: (i) until December 31, 2021 vessel operating expenses were fixed for a daily fee of: (a) $ 4.35 4.45 5.41 6.1 6.22 6.9 7.78 8.27 6.83 7.23 9.65 4.48 4.58 5.57 6.28 6.40 7.11 8.01 8.52 7.03 7.44 9.94 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 a technical and commercial management fee of $ 0.05 per day per vessel and an annual increase of 3 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 per time charter-in vessel per day. The Management Agreements also provide for payment of a termination fee, equal to the fixed daily fees and other fees charged for the full calendar year preceding the termination date in the event the agreements are terminated on or before its term. Drydocking expenses are reimbursed at cost for all vessels. During the years ended December 31, 2023, 2022 and 2021, certain extraordinary fees and costs related to vessels’ regulatory requirements, including ballast water treatment system installation, exhaust gas cleaning system installation and other improvements under the Company's Management Agreements, amounted to $ 57,166 , $ 18,901 and $ 11,408 , respectively, and are presented under the caption “Acquisition of/ additions to vessels” in the Consolidated Statements of Cash Flows. 4,730 3,479 2,159 During the years ended December 31, 2023, 2022 and 2021, certain extraordinary crewing fees and costs amounted to $ 3,047 11,262 5,811 During the year ended December 31, 2021, certain extraordinary fees and costs related to Covid-19 measures, including crew related expenses, amounted to $ 2,034 Total vessel operating expenses for each of the years ended December 31, 2023, 2022 and 2021 amounted to $ 331,653 312,022 191,449 General and administrative expenses: 7,425 4,132 Total general and administrative expenses charged by the Manager for each of the years ended December 31, 2023, 2022 and 2021 amounted to $ 59,946 50,190 28,805 Balance due from/ (to) related parties: 39,570 41,403 32,026 104,751 Others: Navios Partners has entered into an omnibus agreement with Navios Holdings (the “Partners Omnibus Agreement”) in connection with the closing of Navios Partners’ IPO governing, among other things, when Navios Holdings and Navios Partners may compete against each other as well as rights of first offer on certain drybulk carriers. Pursuant to the Partners Omnibus Agreement, Navios Partners generally agreed not to acquire or own Panamax or Capesize drybulk carriers under time charters of three or more years without the consent of an independent committee of Navios Partners. In addition, Navios Holdings has agreed to offer to Navios Partners the opportunity to purchase vessels from Navios Holdings when such vessels are fixed under time charters of three or more years During the fourth quarter of 2023, the Company completed the sale of four inactive entities (previously vessel-owning entities) to an entity affiliated with the Company’s Chairwoman and Chief Executive Officer, Angeliki Frangou, in consideration of nominal par value for the outstanding stock. In October 2023, Navios Partners agreed to charter-out to its affiliate Navios South American Logistics Inc. the Navios Vega, following her modification to a transhipper vessel, for a period of five years at a rate of $ 25.8 first quarter of 2024 General partner: Acquisition of vessels 2022 On July 26, 2022, the Company entered into a share purchase agreement to acquire a 36-vessel drybulk fleet for a purchase price of $ 835,000 July 29, 2022 September 8, 2022 2021 On July 9, 2021, Navios Partners acquired the Navios Azimuth, a 2011 -built Capesize vessel of 179,169 dwt, from its affiliate, Navios Holdings, for an acquisition cost of $ 30,003 (including $ 3 capitalized expenses). On June 30, 2021, Navios Partners acquired the Navios Ray, a 2012 -built Capesize vessel of 179,515 dwt and the Navios Bonavis, a 2009 -built Capesize vessel of 180,022 dwt, from its affiliate, Navios Holdings, for an aggregate purchase price of $ 58,000 . On June 4, 2021, Navios Partners acquired the Navios Koyo, a 2011 -built Capesize vessel of 181,415 dwt, from its affiliate, Navios Holdings, for an acquisition cost of $ 28,567 (including $ 67 capitalized expenses). On May 10, 2021, Navios Partners acquired the Ete N, a 2012 Containership 2,782 2012 Containership 2,782 2009 Containership 2,546 55,500 On March 30, 2021, Navios Partners acquired the Navios Avior, a 2012 Kamsarmax 81,355 2012 Kamsarmax 81,472 39,320 70 (5,766) |
Cash Distribution and Earnings
Cash Distribution and Earnings per Unit | 12 Months Ended |
Dec. 31, 2023 | |
Cash Distribution And Earnings Per Unit | |
Cash Distribution and Earnings per Unit | NOTE 18 – CASH DISTRIBUTIONS AND EARNINGS PER UNIT Cash Distribution 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 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 The authorized quarterly cash distributions for all quarters during the years ended December 2023, 2022 and 2021, are presented below: Cash Distributions and Earnings per Unit - Distributions for all quarters Date Authorized Quarterly Cash Distribution for the three months ended Date of record of Common and General Partnership unit Unitholders Payment of Distribution $/ Unit Amount of the declared distribution January 2021 December 31, 2020 February 9, 2021 February 12, 2021 $ 0.05 $ 579 April 2021 March 31, 2021 May 11, 2021 May 14, 2021 $ 0.05 $ 1,127 July 2021 June 30, 2021 August 9, 2021 August 12, 2021 $ 0.05 $ 1,368 October 2021 September 30, 2021 November 8, 2021 November 12, 2021 $ 0.05 $ 1,541 January 2022 December 31,2021 February 9, 2022 February 11, 2022 $ 0.05 $ 1,541 April 2022 March 31, 2022 May 9, 2022 May 12, 2022 $ 0.05 $ 1,541 July 2022 June 30, 2022 August 9, 2022 August 12, 2022 $ 0.05 $ 1,541 October 2022 September 30, 2022 November 8, 2022 November 10, 2022 $ 0.05 $ 1,540 January 2023 December 31,2022 February 10, 2023 February 14, 2023 $ 0.05 $ 1,540 April 2023 March 31, 2023 May 9, 2023 May 12, 2023 $ 0.05 $ 1,540 July 2023 June 30, 2023 August 8, 2023 August 11, 2023 $ 0.05 $ 1,540 October 2023 September 30, 2023 November 7, 2023 November 13, 2023 $ 0.05 $ 1,540 February 2024 December 31, 2023 February 12, 2024 February 14, 2024 $ 0.05 $ 1,540 Navios Partners calculates earnings/(losses) attributable to Navios Partners’ unitholders per unit by allocating reported net income/(loss) attributable to Navios Partners’ unitholders 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/(losses) attributable to Navios Partners’ unitholders per common unit is determined by dividing net income/(loss) attributable to Navios Partners common unitholders by the weighted average number of common units outstanding during the period. Diluted earnings attributable to Navios Partners’ unitholders 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 earnings/(loss) attributable to Navios Partners’ unitholders per unit undistributed is determined by taking the distributions in excess of net income/(loss) 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 years ended December 31, 2023, 2022 and 2021. The calculations of the basic and diluted earnings per unit are presented below. Cash Distributions and Earnings per Unit - Schedule of earnings per unit, Basic and Diluted Year Ended December 31, 2023 Year Ended December 31, 2022 Year Ended December 31, 2021 Net income attributable to Navios Partners’ unitholders $ 433,645 $ 579,247 $ 516,186 Income attributable to: Common unitholders $ 424,974 $ 567,662 $ 505,862 Weighted average units outstanding basic Common unitholders 30,183,428 30,155,148 22,620,324 Earnings per unit basic: Common unitholders $ 14.08 $ 18.82 $ 22.36 Weighted average units outstanding diluted Common unitholders 30,184,388 30,156,149 22,663,240 Earnings per unit diluted: Common unitholders $ 14.08 $ 18.82 $ 22.32 Earnings per unit distributed basic: Common unitholders $ 0.20 $ 0.20 $ 0.20 Earnings per unit distributed diluted: Common unitholders $ 0.20 $ 0.20 $ 0.20 Earnings per unit undistributed basic: Common unitholders $ 13.88 $ 18.62 $ 22.16 Earnings per unit undistributed diluted Common unitholders $ 13.88 $ 18.62 $ 22.12 Potential common units of 0 1,001 42,916 |
Other Income
Other Income | 12 Months Ended |
Dec. 31, 2023 | |
Other Income and Expenses [Abstract] | |
Other Income | NOTE 19 – OTHER INCOME Other Income In October 2023, Navios Partners agreed to terminate the charter parties of the Protostar N, a 2007 2,741 2007 3,450 October 2025 April 2025 52,463 |
Leases
Leases | 12 Months Ended |
Dec. 31, 2023 | |
Leases | |
Leases | NOTE 20 – 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 In November 2017, Navios Partners agreed to bareboat charter-in, under a ten-year bareboat contract, from an unrelated third party, the Navios Libra, a newbuilding Kamsarmax 82,011 5,540 2,770 2,770 6,207 On October 18, 2019, Navios Partners agreed to bareboat charter-in, under a ten-year bareboat contract each, from an unrelated third party, the Navios Amitie and the Navios Star, two newbuilding Kamsarmax 82,002 81,994 May 28, 2021 June 10, 2021 12,328 1,434 10,034 860 13,158 Upon acquisition of the majority of outstanding stock of Navios Acquisition, Navios Partners took delivery of two 12-year bareboat charter-in vessels, with de-escalating purchase options, the Baghdad, a 2020 -built Japanese VLCC of 313,433 dwt and the Erbil, a 2021 -built Japanese VLCC of 313,486 dwt. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is an operating lease. Consequently, the Company has recognized an operating lease liability based on the net present value of the remaining charter-in payments and a right-of-use asset at an amount equal to the operating liability adjusted for the carrying amount of the straight-line liability. 1,769 In the first quarter of 2019, Navios Acquisition exercised its option to a 12-year bareboat charter-in agreement with de-escalating purchase options for the Nave Electron, a newbuilding Japanese VLCC 313,239 August 30, 2021 1,574 In the second quarter of 2020, Navios Acquisition exercised its option for the Nave Celeste, a newbuilding Japanese VLCC 313,418 12-year July 5, 2022 1,050 Following the acquisition of 36-vessel drybulk fleet from Navios Holdings, Navios Partners recognized the following operating leases: On July 29, 2022, Navios Partners took delivery of the Navios Horizon I, a 2019 Kamsarmax 81,692 one-year 2018 Kamsarmax 81,704 one-year 2015 Handymax 61,339 two-year 2012 Handysize 34,718 one-year 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 December 31, 2023 and December 31, 2022 the outstanding balance of the operating lease liability amounted $ 270,738 311,115 270,969 323,048 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 years ended December 31, 2023, 2022 and 2021 amounted to $ 66,733 50,972 12,757 For the years ended December 31, 2023, 2022 and 2021, the sublease income (net of commissions, if any) for vessels where the Company is a lessee amounted to $ 82,642 , $ 86,580 and $ 36,305 , respectively. Sublease income is presented under the caption “Time charter and voyage revenues” in the Consolidated Statements of Operations. As of December 31, 2023, the management of the Company concluded that events occurred and circumstances had changed, which indicated that potential impairment of one of Navios Partners’ operating lease assets might exist. These indicators included volatility in the charter market as well as the potential impact the current market place may have on the Company’s future operations. As a result, a recoverability test of operating lease assets was performed. During the year ended December 31, 2023, an impairment loss of $ 2,784 As of December 31, 2022 and December 31, 2021, the management of the Company has considered various indicators, and concluded that events and circumstances did not trigger the existence of potential impairment of its operating lease assets and that recoverability test was not required. As a result, there was no impairment charge for each of the years ended December 31, 2022 and December 31, 2021. 0 As of December 31, 2023, the weighted average useful life of the remaining operating lease terms was 9.0 The table below provides the total amount of lease payments on an undiscounted basis on the Company’s chartered-in contracts as of December 31, 2023: Leases - Operating Leases Year ending December 31, Amount 2024 $ 44,459 2025 38,362 2026 38,251 2027 37,463 2028 36,981 2029 and thereafter 149,435 Total $ 344,951 Operating lease liabilities, including current portion $ 270,738 Discount based on incremental borrowing rate $ 74,213 Finance Leases For a detailed description of the finance lease liabilities and right-of-use assets for vessels under finance leases, refer to Note 11 – Borrowings and Note 7 – Vessels, net, respectively. For the years ended December 31, 2023, 2022 and 2021 the sublease income (net of commissions, if any) for vessels where the Company is a lessee amounted to $ 87,356 , $ 40,936 and $ 0 , respectively. Sublease income is presented under the caption “Time charter and voyage revenues” in the Consolidated Statements of Operations. As of December 31, 2023, the management of the Company has considered various indicators, and concluded that events and circumstances did not trigger the existence of potential impairment of its finance lease assets and that recoverability test was not required. As a result, there was no impairment charge for the year ended December 31, 2023. As of December 31, 2022, the management concluded that events occurred and circumstances had changed, which indicated that potential impairment of Navios Partners’ finance lease assets might exist. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the Company’s future operations. As a result, a recoverability test of finance lease assets was performed. No As of December 31 2023, the weighted average useful life of the remaining finance lease terms was 8.7 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 December 31, 2023: Leases - Finance Leases Year ending December 31, Amount 2024 $ 86,159 2025 122,290 2026 36,535 2027 36,108 2028 35,812 2029 and thereafter 329,157 Total $ 646,061 Finance lease liabilities, including current portion (see Note 11– Borrowings) $ 468,414 Discount based on incremental borrowing rate $ 177,647 Bareboat charter-out contract Subsequently to the bareboat charter-in agreement, the Company entered into bareboat charter-out agreements for a firm charter period of ten years for the Baghdad and the Erbil and an extra optional period of five years, for both vessels, and for a firm period of up to two-years for the Nave Celeste The Company recognizes in relation to the operating leases for the bareboat charter-out agreements the bareboat charter-out hire income in the Consolidated Statements of Operations on a straight-line basis. As of December 31, 2023, 2022 and 2021, the charter hire income (net of commissions, if any) amounted to $ 32,018 26,419 7,031 |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2023 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 21 – SUBSEQUENT EVENTS Subsequent Events In January 2024, Navios Partners took delivery of the Zim Eagle, a 2024 -built 5,300 TEU containership (See Note 15 – Commitments and contingencies). In January 2024, Navios Partners agreed to sell the Nave Spherical, a 2009 VLCC 297,188 2004 Panamax 76,602 2007 Containership 3,450 80,050 20,211 March 4, 2024 first half of 2024 In January 2024, Navios Partners entered into a new credit facility with a commercial bank for up to $ 40,000 in order to refinance three tankers . The credit facility: (i) matures five years after the drawdown date ; and (ii) bears interest at Compounded SOFR plus 195 bps per annum. The full amount was drawn in March 2024. In January 2024, Navios Partners entered into a sale and leaseback agreement of up to $ 45,260 115,000 Aframax/LR2 seven years after the drawdown date Term SOFR 190 In February 2024, Navios Partners entered into a sale and leaseback agreement of $ 16,800 2011 Capesize 179,169 first quarter of 2030 Term SOFR 225 In March 2024, Navios Partners declared its options to purchase the Navios Amber, a 2015 Kamsarmax 80,994 2016 Kamsarmax 84,904 2017 Kamsarmax 81,626 2017 Kamsarmax 81,630 116,573 During the first quarter of 2024, Navios Partners agreed to acquire two 115,000 Aframax/LR2 61,250 3,300 during 2027 SIGNATURES The registrant herby certifies that it meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this annual report on its behalf. NAVIOS MARITIME PARTNERS L.P. By: /s/ Angeliki Frangou Angeliki Frangou Chief Executive Officer Date: April 3, 2024 |
Summary of significant accoun_2
Summary of significant accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of presentation | (a) Basis of presentation : The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). 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 7 – Vessels, net and Note 21 – Subsequent events) to continue in operation and meet its financial commitments, including but not limited to capital expenditures and debt service obligations, for a period of at least 12 months from the date of issuance of these consolidated financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing its financial statements. Following Russia’s invasion of Ukraine in February 2022 the United States, the European Union, the United Kingdom and other countries have announced sanctions against Russia, and may impose wider sanctions and take other actions in the future. To date, no apparent consequences have been identified on the Company’s business. It should be noted that since the Company employs Ukrainian and Russian seafarers, it may face problems in relation to their employment, repatriation, salary payments and be subject to claims in this regard. In addition, the increased attacks in the Red Sea caused ships to avoid the use of the Red Sea and transits of the Suez Canal. Notwithstanding the foregoing, it is possible that these tensions and activities might eventually have an adverse impact on the Company’s business, financial condition, results of operations and cash flows. Interest rates have increased significantly as central banks in Europe, United States and other developed countries raise interest rates. 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: The accompanying consolidated financial statements include Navios Partners’ wholly owned subsidiaries incorporated under the laws of the Republic of Marshall Islands, Liberia, Malta, Delaware, Cayman Islands, Hong Kong, British Virgin Islands, Luxemburg and Belgium from their dates of incorporation or from the date of acquiring control or, for chartered-in vessels, from the dates charter-in agreements were in effect. All significant inter-company balances and transactions have been eliminated in Navios Partners’ consolidated financial statements. Navios Partners also consolidates entities that are determined to be variable interest entities (“VIE”) as defined in the accounting guidance, if it determines that it is the primary beneficiary. A VIE is defined as a legal entity where either (i) equity interest holders as a group lack the characteristics of a controlling financial interest, including decision making ability and an interest in the entity's residual risks and rewards, (ii) the equity holders have not provided sufficient equity investment to permit the entity to finance its activities without additional subordinated financial support, or (iii) the voting rights of some investors are not proportional to their obligations to absorb the expected losses of the entity, their rights to receive the expected residual returns of the entity, or both and substantially all of the entity's activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights. Subsidiaries: The accompanying consolidated financial statements include the following entities: Summary of Significant Accounting Policies - Entities included in the consolidation Company name Vessel name Country of incorporation 2023 2022 2021 Libra Shipping Enterprises Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Alegria Shipping Corporation (35) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Felicity Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Gemini Shipping Corporation (14) Former Vessel-Owning Company Marshall Is. 1/01–2/07 1/01–12/31 1/01–12/31 Galaxy Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Aurora Shipping Enterprises Ltd. Navios Hope Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Palermo Shipping S.A. (14) Former Vessel-Owning Company Marshall Is. 1/01–2/07 1/01–12/31 1/01–12/31 Fantastiks Shipping Corporation (12) Navios Fantastiks Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Sagittarius Shipping Corporation (12) Navios Sagittarius Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Hyperion Enterprises Inc. (54) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Chilali Corp. Navios Aurora II Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Surf Maritime Co. (12) Navios Pollux Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Pandora Marine Inc. Navios Melodia Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Customized Development S.A. Navios Fulvia Liberia 1/01–12/31 1/01–12/31 1/01–12/31 Kohylia Shipmanagement S.A. Navios Luz Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Orbiter Shipping Corp. (57) Navios Orbiter Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Floral Marine Ltd. Navios Buena Ventura Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Golem Navigation Limited Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Kymata Shipping Co. Navios Helios Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Joy Shipping Corporation Navios Joy Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Micaela Shipping Corporation Navios Harmony Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Pearl Shipping Corporation Navios Sun Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Velvet Shipping Corporation Navios La Paix Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Perigiali Navigation Limited (53) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Finian Navigation Co. (12) Navios Ace Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Ammos Shipping Corp. (40) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Casual Shipholding Co. (12) Navios Sol Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Avery Shipping Company Navios Symphony Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Coasters Ventures Ltd. Navios Christine B Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Ianthe Maritime S.A. Navios Aster Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Rubina Shipping Corporation Hyundai Hongkong Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Topaz Shipping Corporation Hyundai Singapore Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Beryl Shipping Corporation Hyundai Tokyo Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Cheryl Shipping Corporation Hyundai Shanghai Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Christal Shipping Corporation Hyundai Busan Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Fairy Shipping Corporation (5) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Limestone Shipping Corporation (28) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Dune Shipping Corp. (13) Former Vessel-Owning Company Marshall Is. 1/01–2/21 1/01–12/31 1/01–12/31 Citrine Shipping Corporation (13) Former Vessel-Owning Company Marshall Is. 1/01–2/21 1/01–12/31 1/01–12/31 Cavalli Navigation Inc. Former Vessel-Owning Company Liberia 1/01–12/31 1/01–12/31 1/01–12/31 Seymour Trading Limited (2) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Goldie Services Company (34) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Andromeda Shiptrade Limited Navios Apollon I Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Esmeralda Shipping Corporation Navios Sphera Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Triangle Shipping Corporation Navios Mars Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Oceanus Shipping Corporation (19) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Cronus Shipping Corporation Protostar N Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Leto Shipping Corporation (17) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Dionysus Shipping Corporation (4) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Prometheus Shipping Corporation (18) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Camelia Shipping Inc. (31) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Azalea Shipping Inc. (1) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Amaryllis Shipping Inc. (38) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Wenge Shipping Corporation (20) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Sunstone Shipping Corporation Copernicus N Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Fandango Shipping Corporation Unity N Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Flavescent Shipping Corporation Odysseus N Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Emery Shipping Corporation Navios Gem Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Rondine Management Corp. Navios Victory Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Prosperity Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Aldebaran Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 JTC Shipping and Trading Ltd. (11) Holding Company Malta 1/01–12/31 1/01–12/31 1/01–12/31 Navios Maritime Partners L.P. N/A Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Navios Maritime Operating LLC. N/A Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Navios Partners Finance (US) Inc. Co-Borrower Delaware 1/01–12/31 1/01–12/31 1/01–12/31 Navios Partners Europe Finance Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Solange Shipping Ltd. (16) Navios Avior Marshall Is. 1/01–12/31 1/01–12/31 3/30–12/31 Mandora Shipping Ltd. (16) Navios Centaurus Marshall Is. 1/01–12/31 1/01–12/31 3/30–12/31 Olympia II Navigation Limited (12) Navios Domino Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Pingel Navigation Limited (12) Navios Delight Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Ebba Navigation Limited (12) Navios Destiny Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Clan Navigation Limited (12) Navios Devotion Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Sui An Navigation Limited (23) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Bertyl Ventures Co. Navios Azure Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Silvanus Marine Company (12) Navios Summer Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Anthimar Marine Inc. (12) Navios Amarillo Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Enplo Shipping Limited (12) Navios Verde Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Morven Chartering Inc. (12) Navios Verano (ex. Matson Oahu) Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Rodman Maritime Corp. (12) Navios Spring Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Isolde Shipping Inc. (12) Navios Indigo Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Velour Management Corp. (12) Navios Vermilion Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Evian Shiptrade Ltd. (12) Matson Lanai Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Theros Ventures Limited Navios Lapis Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Legato Shipholding Inc. Navios Tempo Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Inastros Maritime Corp. Navios Chrysalis Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Zoner Shiptrade S.A. Navios Dorado Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Jasmer Shipholding Ltd. Navios Nerine Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Thetida Marine Co. Navios Magnolia Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Jaspero Shiptrade S.A. Navios Jasmine Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Peran Maritime Inc. Zim Baltimore Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Nefeli Navigation S.A. (12) Navios Unison Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Crayon Shipping Ltd Navios Miami Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Chernava Marine Corp. Navios Bahamas (ex. Bahamas) Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Proteus Shiptrade S.A. Zim Carmel Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Vythos Marine Corp. (12) Navios Constellation Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Navios Maritime Containers Sub L.P. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Navios Partners Containers Finance Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Boheme Navigation Company Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Navios Partners Containers Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Iliada Shipping S.A. Operating Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Vinetree Marine Company Operating Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Afros Maritime Inc. Operating Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Cavos Navigation Co. Navios Libra Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Perivoia Shipmanagement Co. (10) Navios Amitie Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Pleione Management Limited (10) Navios Star Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Bato Marine Corp. (32) Navios Armonia Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Agron Navigation Company (21) Navios Azalea Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Teuta Maritime S.A. (58) Navios Altair Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Ambracia Navigation Company (12), (29) Navios Primavera Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Artala Shipping Co. (55) Navios Sakura Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Migen Shipmanagement Ltd. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Bole Shipping Corporation (24) Spectrum N Marshall Is. 1/01–12/31 1/01–12/31 4/28–12/31 Brandeis Shipping Corporation (24) Ete N Marshall Is. 1/01–12/31 1/01–12/31 5/10–12/31 Buff Shipping Corporation (24) Fleur N Marshall Is. 1/01–12/31 1/01–12/31 5/10–12/31 Morganite Shipping Corporation (12), (27) Navios Meridian Marshall Is. 1/01–12/31 1/01–12/31 6/01–12/31 Balder Maritime Ltd. (26) Navios Koyo Marshall Is. 1/01–12/31 1/01–12/31 6/04–12/31 Melpomene Shipping Corporation (50) Sparrow (ex. Zim Sparrow) Marshall Is. 1/01–12/31 1/01–12/31 6/23–12/31 Urania Shipping Corporation (25) Zim Eagle Marshall Is. 1/01–12/31 1/01–12/31 6/23–12/31 Terpsichore Shipping Corporation (8) TBN I Marshall Is. 1/01–12/31 1/01–12/31 6/23–12/31 Erato Shipmanagement Corporation (6) TBN II Marshall Is. 1/01–12/31 1/01–12/31 6/23–12/31 Lavender Shipping Corporation (12), (7) Navios Ray Marshall Is. 1/01–12/31 1/01–12/31 6/30–12/31 Nostos Shipmanagement Corp. (12), (7) Navios Bonavis Marshall Is. 1/01–12/31 1/01–12/31 6/30–12/31 Navios Maritime Acquisition Corporation Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Acquisition Europe Finance Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Acquisition Finance (US) Inc. Co-Issuer of Ship Mortgage Notes Delaware 1/01–12/31 1/01–12/31 8/25–12/31 Navios Maritime Midstream Partners GP LLC Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Letil Navigation Ltd. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Maritime Midstream Partners Finance (US) Inc. Sub-Holding Company Delaware 1/01–12/31 1/01–12/31 8/25–12/31 Aegean Sea Maritime Holdings Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Amorgos Shipping Corporation (44) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Andros Shipping Corporation (43) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Antikithira Shipping Corporation Nave Equator Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Antiparos Shipping Corporation (12) Nave Atria Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Antipaxos Shipping Corporation (39) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Antipsara Shipping Corporation Nave Velocity Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Crete Shipping Corporation Nave Cetus Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Delos Shipping Corporation (45) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Folegandros Shipping Corporation Nave Andromeda Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Ikaria Shipping Corporation (12) Nave Aquila Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Ios Shipping Corporation Nave Cielo Cayman Islands 1/01–12/31 1/01–12/31 8/25–12/31 Iraklia Shipping Corporation Bougainville Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kimolos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kithira Shipping Corporation Nave Orbit Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kos Shipping Corporation (12) Nave Bellatrix Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Lefkada Shipping Corporation Nave Buena Suerte Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Leros Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Mytilene Shipping Corporation (12) Nave Orion Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Oinousses Shipping Corporation Nave Jupiter Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Psara Shipping Corporation Nave Luminosity Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Rhodes Shipping Corporation Nave Cassiopeia Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Samos Shipping Corporation Nave Synergy Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Samothrace Shipping Corporation (12) Nave Pulsar Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Serifos Shipping Corporation Nave Estella Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Sifnos Shipping Corporation Nave Titan Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Skiathos Shipping Corporation Nave Capella Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Skopelos Shipping Corporation Nave Ariadne Cayman Islands 1/01–12/31 1/01–12/31 8/25–12/31 Skyros Shipping Corporation Nave Sextans Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Syros Shipping Corporation Nave Alderamin Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Thera Shipping Corporation Nave Atropos Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Tilos Shipping Corporation Nave Spherical Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Tinos Shipping Corporation Nave Rigel Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Zakynthos Shipping Corporation Nave Quasar Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Cyrus Investments Corp. Baghdad Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Olivia Enterprises Corp. Erbil Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Limnos Shipping Corporation Nave Pyxis Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Thasos Shipping Corporation Nave Equinox Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Agistri Shipping Limited Operating Subsidiary Malta 1/01–12/31 1/01–12/31 8/25–12/31 Paxos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Donoussa Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Schinousa Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Alonnisos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Makronisos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Loyalty Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Navigator Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Amindra Navigation Co. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Maritime Midstream Partners L.P. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Maritime Midstream Operating LLC Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Dream Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Kannika Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Kieran Limited Nave Universe British Virgin Islands 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Ocean Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Saowalak Limited Nave Constellation British Virgin Islands 1/01–12/31 1/01–12/31 8/25–12/31 Sikinos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kerkyra Shipping Corporation Nave Galactic Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Doxa International Corp. Nave Electron Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Alkmene Shipping Corporation (38) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Dione Shipping Corporation (46) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Persephone Shipping Corporation Hector N Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Rhea Shipping Corporation (36) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Tzia Shipping Corporation (30) Nave Celeste Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Boysenberry Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Cadmium Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Celadon Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Cerulean Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kleio Shipping Corporation (6) TBN III Marshall Is. 1/01–12/31 1/01–12/31 8/12–12/31 Polymnia Shipping Corporation (6) TBN IV Marshall Is. 1/01–12/31 1/01–12/31 8/12–12/31 Goddess Shiptrade Inc. (41) Navios Astra Marshall Is. 1/01–12/31 1/01–12/31 8/02–12/31 Aramis Navigation Inc. (3) Navios Azimuth Marshall Is. 1/01–12/31 1/01–12/31 7/09–12/31 Thalia Shipping Corporation (6) TBN VII Marshall Is. 1/01–12/31 1/01–12/31 11/17-12/31 Muses Shipping Corporation (6) TBN VIII Marshall Is. 1/01–12/31 1/01–12/31 11/17-12/31 Euterpe Shipping Corporation (8) TBN VI Marshall Is. 1/01–12/31 1/01–12/31 11/17-12/31 Calliope Shipping Corporation (8) TBN Marshall Is. 1/01–12/31 1/01–12/31 11/17-12/31 Karpathos Shipping Corporation (6) TBN XV Marshall Is. 1/01–12/31 6/22–12/31 — Patmos Shipping Corporation (49) TBN XVI Marshall Is. 1/01–12/31 6/22–12/31 — Tarak Shipping Corporation (6) TBN X Marshall Is. 1/01–12/31 4/26–12/31 — Astrovalos Shipping Corporation (8) TBN IX Marshall Is. 1/01–12/31 4/26–12/31 — Ithaki Shipping Corporation (6) TBN XII Marshall Is. 1/01–12/31 4/26–12/31 — Gavdos Shipping Corporation (6) TBN XI Marshall Is. 1/01–12/31 4/26–12/31 — Galera Management Company (56) Navios Amethyst Marshall Is. 1/01–12/31 6/24-12/31 — Vatselo Enterprises Corp. (9), (12) Navios Alegria Marshall Is. 1/01–12/31 6/24-12/31 — Thalassa Marine S.A. Navios Galaxy II Marshall Is. 1/01–12/31 7/29-12/31 — Anafi Shipping Corporation (12) Navios Sky Marshall Is. 1/01–12/31 9/08-12/31 — Asteroid Shipping S.A. Navios Herakles I Marshall Is. 1/01–12/31 7/29-12/31 — Bulkinvest S.A. Operating Company Luxembourg 1/01–12/31 9/08-12/31 — Cloud Atlas Marine S.A. Navios Uranus Marshall Is. 1/01–12/31 7/29-12/31 — Corsair Shipping Ltd. (33) Former Vessel-Owning Company Marshall Is. 1/01–12/31 9/08-12/31 — Ducale Marine Inc. Navios Etoile Marshall Is. 1/01–12/31 9/08-12/31 — Faith Marine Ltd Navios Altamira Marshall Is. 1/01–12/31 9/08-12/31 — Kleimar N.V. (37) Operating Company/ Vessel Owning Company/Management Company Belgium 1/01–12/31 9/08-12/31 — Iris Shipping Corporation N Amalthia Marshall Is. 1/01–12/31 9/08-12/31 — Moonstone Shipping Corporation (42) Former Vessel-Owning Company Marshall Is. 1/01–12/31 9/08-12/31 — NAV Holdings Limited Sub-Holding Company Malta 1/01–12/31 9/08-12/31 — Navios International Inc. Operating Company Marshall Is. 1/01–12/31 7/29-12/31 — Veja Navigation Company Sub-Holding Company Marshall Is. 1/01–12/31 9/08-12/31 — Vernazza Shiptrade Inc. (12) Navios Canary Marshall Is. 1/01–12/31 9/08-12/31 — White Narcissus Marine S.A. (12), (37) Navios Asteriks Marshall Is. 1/01–12/31 9/08-12/31 — Talia Shiptrade S.A. Navios Magellan II Marshall Is. 1/01–12/31 7/29-12/31 — Shikhar Ventures S.A. (12) Navios Stellar Liberia 1/01–12/31 9/08-12/31 — Opal Shipping Corporation Rainbow N Marshall Is. 1/01–12/31 9/08-12/31 — Pharos Navigation S.A. (12) Navios Phoenix Marshall Is. 1/01–12/31 9/08-12/31 — Pueblo Holdings Ltd. (12) Navios Lumen Marshall Is. 1/01–12/31 9/08-12/31 — Red Rose Shipping Corp. Navios Bonheur Marshall Is. 1/01–12/31 9/08-12/31 — Rider Shipmanagement Inc. Navios Felicity I Marshall Is. 1/01–12/31 7/29-12/31 — Roselite Shipping Corporation (12) Navios Corali Marshall Is. 1/01–12/31 9/08-12/31 — Rumer Holding Ltd. (12) Navios Antares Marshall Is. 1/01–12/31 9/08-12/31 — Jasmine Shipping Corporation N Bonanza Marshall Is. 1/01–12/31 9/08-12/31 — Highbird Management Inc. Navios Celestial Marshall Is. 1/01–12/31 9/08-12/31 — Kastelorizo Shipping Corporation (49) TBN XIII Marshall Is. 1/01–12/31 10/19–12/31 — Elafonisos Shipping Corporation (49) TBN XIV Marshall Is. 1/01-12/31 10/19–12/31 — Koufonisi Shipping Corporation (12), (48) Navios Felix Marshall Is. 1/01–12/31 11/11–12/31 — Ziggy Shipping Limited (51) TBN XVII Marshall Is. 1/03-12/31 — — Gatsby Maritime Company (22) TBN XVIII Marshall Is. 1/03-12/31 — — Atokos Shipping Corporation (12), (15) Navios Horizon I Marshall Is. 7/18-12/31 — — Kastos Shipping Corporation (52) TBN XXVI Marshall Is. 5/24-12/31 — — Ereikousa Shipping Corporation (22) TBN XXV Marshall Is. 5/24-12/31 — — Othonoi Shipping Corporation (22) TBN XXIII Marshall Is. 7/18-12/31 — — Mathraki Shipping Corporation (22) TBN XXIV Marshall Is. 7/18-12/31 — — Chalki Shipping Corporation (47) TBN XX Marshall Is. 5/31-12/31 — — Pserimos Shipping Corporation (52) TBN XIX Marshall Is. 5/31-12/31 — — Polyaigos Shipping Corporation (47) TBN XXI Marshall Is. 7/04-12/31 — — Trikeri Shipping Corporation (47) TBN XXII Marshall Is. 7/04-12/31 — — Makri Shipping Corporation Operating Company Marshall Is. 9/05-12/31 — — Meganisi Shipping Corporation Operating Company Marshall Is. 9/05-12/31 — — Despotiko Shipping Corporation Operating Company Marshall Is. 9/05-12/31 — — Nisyros Shipping Corporation Operating Company Marshall Is. 9/05-12/31 — — (1) The vessel was sold on August 13, 2021 (see Note 7 – Vessels, net). (2) The vessel was sold on October 29, 2021 (see Note 7 – Vessels, net). (3) The vessel was acquired on July 9, 2021 (see Note 7 – Vessels, net). (4) The vessel was sold on August 16, 2021 (see Note 7 – Vessels, net). (5) The vessel was sold on September 12, 2022 (see Note 7 – Vessels, net). (6) Expected to be delivered by the second half of 2024. (7) The vessels were acquired on June 30, 2021 (see Note 7 – Vessels, net). (8) Expected to be delivered by the first half of 2024. (9) The vessel was acquired on December 14, 2022 (see Note 7 – Vessels, net). (10) The vessels were delivered on May 28, 2021 and June 10, 2021 (see Note 20 – Leases). (11) Not a vessel-owning subsidiary and only holds right to charter-in contracts. (12) Vessels under the sale and leaseback transaction (see Note 11 – Borrowings). (13) The company was dissolved on February 21, 2023. (14) The company was dissolved on February 7, 2023. (15) The vessel was acquired on October 16, 2023 (see Note 7 – Vessels, net). (16) The vessels were acquired on March 30, 2021 (see Note 7 – Vessels, net). (17) The vessel was sold on January 13, 2021 (see Note 7 – Vessels, net). (18) The vessel was sold on January 28, 2021 (see Note 7 – Vessels, net). (19) The vessel was sold on February 10, 2021 (see Note 7 – Vessels, net). (20) The vessel was sold on March 25, 2021 (see Note 7 – Vessels, net). (21) The vessel was acquired on November 17, 2022 (see Note 7 – Vessels, net). (22) Expected to be delivered by the first half of 2026. (23) The vessel was sold on July 31, 2021 (see Note 7 – Vessels, net). (24) The vessels were acquired on May 10, 2021 (see Note 7 – Vessels, net). (25) The vessel was delivered on January 25, 2024 (see Note 21 – Subsequent events). (26) The vessel was acquired on June 4, 2021 (see Note 7 – Vessels, net). (27) The vessel was acquired on February 5, 2023 (see Note 7 – Vessels, net). (28) The vessel was sold on September 21, 2022 (see Note 7 – Vessels, net). (29) The vessel was acquired on July 27, 2022 (see Note 7 – Vessels, net). (30) The vessel was delivered on July 5, 2022 (see Note 20 – Leases). (31) The vessel was sold on November 17, 2022 (see Note 7 – Vessels, net). (32) The vessel was acquired on September 21, 2022 (see Note 7 – Vessels, net). (33) The vessel was sold on October 14, 2022 (see Note 7 – Vessels, net). (34) The vessel was sold on October 25, 2022 (see Note 7 – Vessels, net). (35) The vessel was sold on November 14, 2022 (see Note 7 – Vessels, net). (36) The vessel was sold on December 23, 2022 (see Note 7 – Vessels, net). (37) The vessel is owned 50% by White Narcissus Marine S.A. and 50% by Kleimar N.V. (38) The vessel was sold on January 26, 2023 (see Note 7 – Vessels, net). (39) The vessel was sold on January 17, 2023 (see Note 7 – Vessels, net). (40) The vessel was sold on February 7, 2023 (see Note 7 – Vessels, net). (41) The vessel was acquired on September 13, 2022 (see Note 7 – Vessels, net). (42) The vessel was sold on February 3, 2023 (see Note 7 – Vessels, net). (43) The vessel was sold on January 24, 2023 (see Note 7 – Vessels, net). (44) The vessel was sold on January 9, 2023 (see Note 7 – Vessels, net). (45) The vessel was sold on March 3, 2023 (see Note 7 – Vessels, net). (46) The vessel was sold on July 7, 2023 (see Note 7 – Vessels, net). (47) Expected to be delivered by the first half of 2027. (48) The vessel was acquired on March 6, 2023 (see Note 7 – Vessels, net). (49) Expected to be delivered by the first half of 2025. (50) The vessel was delivered on November 9, 2023 (see Note 7 – Vessels, net). (51) Expected to be delivered by the second half of 2025. (52) Expected to be delivered by the second half of 2026. (53) The vessel was sold on October 12, 2023 (see Note 7 – Vessels, net). (54) The vessel was sold on December 18, 2023 (see Note 7 – Vessels, net). (55) The vessel was delivered on April 27, 2023 (see Note 7 – Vessels, net). (56) The vessel was delivered on June 21, 2023 (see Note 7 – Vessels, net). (57) The vessel was sold on March 4, 2024 (see Note 21 – Subsequent events). (58) The vessel was delivered on March 29, 2023 (see Note 7 – Vessels, net). During the fourth quarter of 2023, the Company completed the sale of the inactive entities (former vessel-owning entities) of Aphrodite Shipping Corporation, Zaffre Shipping Corporation, Anthos Shipping Inc. and Wave Shipping Corp.. The four entities were included in the consolidated financial statements of 2021, 2022 and until the fourth quarter of 2023 Investments in Affiliates: 20 50 Affiliates included in the financial statements accounted for under the equity method: 100 |
Use of Estimates | (c) Use of Estimates future cash flows from long-lived assets to support impairment tests. Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates under different assumptions and/or conditions. |
Cash and Cash Equivalents | (d) Cash and Cash Equivalents : Cash and cash equivalents consist of cash on hand, deposits held on call with banks, and other short-term liquid investments with original maturities of three months or less. |
Restricted Cash | (e) Restricted Cash : Restricted cash consists of amounts held in retention accounts in order to service debt and interest payments, as required by certain of Navios Partners' credit facilities and financial liabilities. |
Other investments | (f) Other investments : Other investments consist of time deposits with original maturities of greater than three months and less than 12 months. As of December 31, 2023 and December 31, 2022, other investments amounted to $ 47,000 and $ 0 , respectively. |
Accounts Receivable, Net | (g) Accounts Receivable, Net : Accounts receivable, net at each balance sheet date includes estimated recoveries from charterers for hire, freight and demurrage, net of any allowance for receivables deemed uncollectible. Accounts receivable are recorded when the right to consideration becomes unconditional. The Company’s management at each balance sheet date reviews all outstanding invoices and provides allowance for receivables deemed uncollectible primarily based on the aging of such balances and any amounts in dispute. Credit Losses Accounting On January 1, 2020, the Company adopted Accounting Standards Update 2016-13, “Financial Instruments - Credit Losses” (“ASC 326”), which requires entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade accounts receivable. Under the new guidance, an entity recognizes as an allowance its estimate of lifetime expected credit losses which will result in more timely recognition of such losses. The Company maintains an allowance for credit losses for expected uncollectable accounts receivable, which is recorded as an offset to trade accounts receivable and changes in such, if any, are classified as allowance for credit losses in the Consolidated Statements of Operations. The adoption of ASC 326 primarily impacted trade accounts receivable recorded on the Consolidated Balance Sheets. The Company assesses collectability by reviewing accounts receivable on a collective basis where similar characteristics exist and on an individual basis when the Company identifies specific customers with known disputes or collectability issues. In determining the amount of the allowance for credit losses, the Company considers historical collectability based on past due status. The Company also considers customer-specific information, current market conditions and reasonable and supportable forecasts of future economic conditions to determine adjustments to historical loss data. The Company assessed that any impairment of accounts receivable arising from operating leases, i.e. time charters, should be accounted in accordance with ASC 842, and not in accordance with Topic 326. Impairment of accounts receivable arising from voyage charters, which are accounted in accordance with ASC 606, are within the scope of Subtopic 326 and must therefore, be assessed for expected credit losses. The allowance for credit losses was $ 0 2,990 2,990 No allowance was recorded for cash equivalents as the majority of cash balances as of the balance sheet date were on time deposits with highly reputable credit institutions, for which periodic evaluations of the relative credit standing of those financial institutions are performed. No allowance was recorded on insurance claims as of each of December 31, 2023, 2022 and 2021. Concentration of Credit Risk Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist principally of cash and trade accounts receivable. The Company places its temporary cash investments, consisting mostly of deposits, with various qualified financial institutions and performs periodic evaluations of the relative credit standing of those financial institutions that are considered in the Company’s investment strategy. The Company limits its credit risk with accounts receivable by performing ongoing credit evaluations of its customers’ financial condition and generally does not require collateral for its accounts receivable and does not have any agreements to mitigate credit risk. For credit losses accounting on the Company’s financial assets please refer above |
Inventories | (h) Inventories : Inventories comprised of (i) bunkers (when applicable) and (ii) lubricants and stock provisions on board of the vessels as of the balance sheet date, and are stated at the lower of cost or net realizable value. The cost is determined primarily by the first-in, first-out method. Net realizable value is defined as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. When evidence exists that the net realizable value of inventory is lower than its cost, the difference is recognized as a loss in earnings in the period in which it occurs. |
Vessels, Net | (i) Vessels, Net : Vessels are stated at historical cost, which consists of the contract price and pre-delivery costs incurred during the construction and delivery of newbuildings, including capitalized interest, and any material expenses incurred upon acquisition (improvements and delivery expenses) of second hand vessels. Vessels acquired in an asset acquisition or in a business combination are recorded at fair value. The fair value of the vessels is determined based on vessel valuations, from independent third party shipbrokers. Subsequent expenditures for major improvements and upgrades are capitalized, provided they appreciably extend the life, increase the earnings capacity or improve the efficiency or safety of the vessels. The cost and related accumulated depreciation of assets retired or sold are removed from the accounts at the time of sale or retirement and any gain or loss is included in the accompanying Consolidated Statements of Operations. Expenditures for routine maintenance and repairs are expensed as incurred. Depreciation is computed using the straight line method over the useful life of the vessels, after considering the estimated residual value. Management estimates the residual values of the Company’s drybulk, containerships and tankers based on a scrap value cost of steel times the weight of the ship noted in lightweight ton (“LWT”). Residual values are periodically reviewed and revised to recognize changes in conditions, new regulations or other reasons. Revisions of residual values affect the depreciable amount of the vessels and affect depreciation expense in the period of the revision and future periods. The estimated scrap rate used to calculate the vessel’s scrap value is $ 340 Management estimates the useful life of the Company’s vessels to be 25 30 |
Deposits for vessels acquisitions | (j) Deposits for vessels acquisitions 19,457 6,537 966 |
Assets Held for Sale | (k) Assets Held for Sale : It is the Company's policy to dispose of vessels and other fixed assets when suitable opportunities occur and not necessarily to keep them until the end of their useful life. The Company classifies assets and disposal groups as being held for sale when the following criteria are met: management has committed to a plan to sell the vessel (disposal group); the asset (disposal group) is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of vessels; an active program to locate a buyer and other actions required to complete the plan to sell the asset (disposal group) have been initiated; the sale of the asset (disposal group) is probable and transfer of the asset (disposal group) is expected to qualify for recognition as a completed sale within one year; the asset (disposal group) is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Long-lived assets or disposal groups classified as held for sale are measured at the lower of their carrying amount or fair value less cost to sell. These vessels are not depreciated once they meet the criteria to be held for sale. On October 14, 2022, Navios Partners completed the sale of the Navios Ulysses, a 2007 Ultra-Handymax 55,728 13,965 |
Asset Acquisitions | (l) Asset Acquisitions : When the Company enters into an acquisition transaction, it determines whether the acquisition transaction is a purchase of an asset or a business based on the facts and circumstances of the transaction. In accordance with Topic 805, Business Combinations, the Company first evaluates whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets (Step one). If that threshold is met, the set of assets and activities is not a business. If the threshold is not met, the Company evaluates whether the set meets the definition of a business (Step two). To be considered a business, a set must include an input and a substantive process that together significantly contributes to the ability to create an output. All assets acquired and liabilities assumed in a business combination are measured at their acquisition date fair values. For asset acquisitions, the net assets acquired should be measured following a cost accumulation and allocation model under which the cost of the acquisition is allocated on a relative fair value basis to the qualifying assets acquired. Transaction costs associated with asset acquisitions are capitalized. On July 26, 2022, the Company entered into a share purchase agreement to acquire a 36-vessel drybulk fleet for a purchase price of $ 835,000 The fleet consisted of: (i) 30 vessels (including eight vessels under sale and leaseback and ten vessels under finance leases), (ii) five operating leases and (iii) one vessel that has been classified as held for sale. July 29, 2022 September 8, 2022 The Company performed an assessment, as defined under ASC 805, Business Combinations, and concluded that the acquisition of the 36-vessel drybulk fleet is an asset acquisition. The consideration paid amounted to $ 370,638 and is presented under the caption “Acquisition of/ additions to vessels” in the Consolidated Statements of Cash Flows including working capital balances of $( 37,016 ) in accordance with the share purchase agreement of which an amount of $ 9,862 related to cash and cash equivalents and restricted cash and is presented under the caption “Cash acquired from acquisitions” in the Consolidated Statements of Cash Flows. The fair value of net assets acquired compared to the cost of consideration resulted in an excess value of $ 217,161 that was allocated to qualifying assets on a relative fair value basis. The qualifying assets were the vessels held and used, leases (finance and operating lease assets) and intangible assets. Vessels held and used acquired as part of an asset acquisition are recorded at fair value, which is determined based on vessel valuations, obtained from independent third party shipbrokers which are, among other things, based on recent sales and purchase transactions of similar vessels. When a vessel along with the current charter contract is acquired where the Company acts as a lessor as part of asset acquisition, intangible assets and unfavorable lease terms are recorded at fair value. The fair value of the favorable and unfavorable lease terms (intangible assets and liabilities) is determined by reference to market data and the discounted amount of expected future cash flows. The key assumptions that were used in the discounted cash flow analysis for the assets acquired from Navios Holdings were as follows: (i) the contracted charter rate of the acquired charter over the remaining lease term compared to the current market charter rates for a similar contract and (ii) discounted using the Company’s relevant discount factor of 11.32 For acquired leases as part of an asset acquisition, where the Company is a lessee, the Company has elected to reassess classification. The Company recognizes the right-of-use assets for operating and finance leases acquired at the same amount as the lease liability, adjusted to reflect favorable and unfavorable terms of the lease when compared with market terms. |
Impairment of Long Lived Assets | (m) Impairment of Long Lived Assets : Vessels, other fixed assets and other long lived assets held and used by Navios Partners are reviewed periodically for potential impairment whenever events or changes in circumstances indicate that the carrying amount of a particular asset may not be fully recoverable. Navios Partners’ management evaluates the carrying amounts and periods over which long-lived assets are depreciated to determine if events or changes in circumstances have occurred that would require modification to their carrying values or useful lives. Measurement of the impairment loss is based on the fair value of the asset. Navios Partners determines the fair value of its assets on the basis of management estimates and assumptions by making use of available market data and taking into consideration third party valuations performed on an individual vessel basis. In evaluating the carrying values of long-lived assets, certain indicators of potential impairment, are reviewed such as obsolesce or significant damages to the vessel, vessel sales and purchases, business plans, overall market conditions and market economic outlook. Undiscounted projected net operating cash flows are determined for each asset group, for which impairment indicators are present, and compared to the carrying value of the vessel, the unamortized portion of deferred drydock and special survey costs, ballast water treatment system costs, exhaust gas cleaning system costs and other capitalized items, if any, related to the vessel and the related carrying value of the intangible assets with respect to the time charter agreement attached to that vessel or the carrying value of deposits for newbuildings. Within the shipping industry, vessels are customarily bought and sold with a charter attached. The value of the charter may be favorable or unfavorable when comparing the charter rate to the current market rates. The loss recognized either on impairment or on disposition will reflect the excess of carrying value over fair value (selling price) for the vessel asset group. Undiscounted projected net operating cash flow analysis is performed by considering various assumptions regarding the charter revenues from existing time charters for the fixed fleet days (Navios Partners’ remaining charter agreement rates) and an estimated daily time charter equivalent for the unfixed days (based on a combination of one-year average historical time charter rates for the first year and ten-year average historical one-year time charter rates for the remaining period), over the remaining economic life of each vessel, net of brokerage and address commissions, and excluding days of scheduled off-hires, scheduled dry-dockings or special surveys, scrap values, the use or probability of sale of each vessel, vessel operating expenses as determined by the Management Agreements (as defined herein) in effect until January 1, 2025 and thereafter assuming an annual increase of 3.0% every second year and utilization rate based on the fleet's historical performance. |
Deferred Drydock and Special Survey Costs | (n) Deferred Drydock and Special Survey Costs 30 60 Costs capitalized as part of the drydocking or special survey consist principally of the actual costs incurred at the yard, and expenses relating to spare parts, paints, lubricants and services incurred solely during the drydocking or special survey period. For the years ended December 31, 2023, 2022 and 2021, the amortization expense was $ 43,321 28,917 16,143 |
Deferred Finance Costs | (o) Deferred Finance Costs : Deferred finance costs include: (i) fees paid associated with obtaining credit facilities and financial liabilities or refinancing existing ones accounted for as loan modification, which are deferred and are presented as a deduction from the corresponding liability in the Consolidated Balance Sheets. These costs are amortized over the life of the related credit facility and financial liability using the effective interest rate method, and are presented under the caption “Interest expense and finance cost, net” in the Consolidated Statements of Operations; (ii) fees paid associated with obtaining credit facilities and financial liabilities to finance the acquisition of newbuilding vessels, remained undrawn at the balance sheet date, which are deferred and are presented under the caption “Other long-term assets” in the Consolidated Balance Sheets. The amortization of such costs, calculated using the straight-line method until the end of vessel’s construction period, is capitalized to the vessel’s cost. Unamortized fees relating to credit facilities and financial liabilities repaid or refinanced and accounted for as debt extinguishment are written off in the period the repayment, prepayment or extinguishment is made and included in the determination of gain or loss on debt extinguishment. Amortization and write-off of deferred finance costs, including amortization of debt discount, for each of the years ended December 31, 2023, 2022 and 2021 were $ 7,188 , $ 5,349 and $ 3,741 , respectively and are presented under the caption “Amortization and write-off of deferred finance costs and discount” in the Consolidated Statements of Cash Flows. |
Intangible Assets and Unfavorable Lease Terms | (p) Intangible Assets and Unfavorable Lease Terms : Navios Partners' intangible assets and liabilities consist of favorable and unfavorable lease terms. When an asset along with the current charter contract are acquired as part of a business combination and/or asset acquisition, intangible assets and unfavorable lease terms are recorded at fair value. Fair value is determined by reference to market data and the discounted amount of expected future cash flows. Where charter rates are higher than market charter rates, an asset is recorded, being the difference between the acquired charter rate and the market charter rate for an equivalent vessel. Where charter rates are less than market charter rates, a liability is recorded, being the difference between the assumed charter rate and the market charter rate for an equivalent vessel. The determination of the fair value of acquired assets and assumed liabilities requires Navios Partners to make significant assumptions and estimates of many variables including market charter rates, contracted charter rates, remaining duration of the charter agreements, the level of utilization of its vessels and its relevant discount rate. The amortizable value of favorable and unfavorable leases is amortized over the remaining life of the lease term and the amortization expense/ income is included under the captions “Depreciation and amortization of intangible assets” and “Amortization of unfavorable lease terms”, respectively in the Consolidated Statements of Operations. The amortizable value of favorable leases would be considered impaired if their carrying values could not be recovered from the future undiscounted cash flows associated with the assets. As of December 31, 2023 and 2021, the management of the Company, has considered various indicators and concluded that events and circumstances did not trigger the existence of potential impairment of its intangible assets and that a recoverability test was not required as described in paragraph (m) above. As of December 31, 2022, the management of the Company, after considering various indicators, performed an impairment test, which included intangible assets as described in paragraph (m) above. As of December 31, 2023, 2022 and 2021 there was no impairment of intangible assets. |
Foreign Currency Translation | (q) Foreign Currency Translation |
Provisions | (r) Provisions : Navios Partners, in the ordinary course of its business, is subject to various claims, suits and complaints. Management, in consultation with internal and external advisors, will provide for a contingent loss in the financial statements if the contingency had been incurred as of the balance sheet date and the likelihood of loss was probable and the amount of the loss can be reasonably estimated. If Navios Partners has determined that the reasonable estimate of the loss is a range and there is no best estimate within the range, Navios Partners will accrue the lower amount of the range. Navios Partners, through the Management Agreements (as defined herein), participates in Protection and Indemnity (P&I) insurance coverage plans provided by mutual insurance societies known as P&I clubs. Under the terms of these plans, participants may be required to pay additional premiums (supplementary calls) to fund operating deficits incurred by the clubs (“back calls”). Obligations for back calls are accrued annually based on information provided by the P&I clubs. |
Segment Reporting | (s) Segment Reporting : Navios Partners reports financial information and evaluates its operations by charter revenues and not by the length of ship employment for its customers. Navios Partners does not use discrete financial information to evaluate operating results for each type of charter or vessel type. Management does not identify expenses, profitability or other financial information by charter type. As a result, management reviews operating results solely by revenue per day and operating results of the fleet and thus Navios Partners has determined that it operates under one reportable segment. |
Revenue and Expense Recognition | (t) 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 $ 1,149,240 1,064,642 669,185 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 $ 107,412 69,075 25,199 Pooling arrangements For vessels operating in pooling arrangements, the Company earns a portion of total revenues generated by the pool, net of expenses incurred by the pool. The amount allocated to each pool participant vessel, including the Company's vessels, is determined in accordance with an agreed-upon formula, which is determined by points awarded to each vessel in the pool based on the vessel's age, design and other performance characteristics. Revenue under pooling arrangements is accounted for as variable rate operating leases under the scope of ASC 842 and is recognized for the applicable period when collectability is reasonably assured. The allocation of such net revenue may be subject to future adjustments by the pool however, such changes are not expected to be material. The Company recognizes net pool revenue on a monthly and quarterly basis, when the vessel has participated in a pool during the period and the amount of pool revenue can be estimated reliably based on the pool report. Revenue from vessels operating in pooling arrangements amounted to $ 50,161 , $ 74,344 and $ 17,982 for the years ended December 31, 2023, 2022 and 2021, respectively. Revenue from profit-sharing Profit-sharing revenues are calculated at an agreed percentage of the excess of the charterer's average daily income (calculated on a quarterly or semi-annual basis) over an agreed amount and accounted for on an accrual basis based on provisional amounts and for those contracts that provisional accruals cannot be made due to the nature of the profit sharing elements, these are accounted for on the actual cash settlement or when such revenue becomes determinable. Profit sharing revenue amounted to $ 76 2,467 809 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. Deferred Revenue and Cash Received in Advance: Time Charter and Voyage Expenses: Direct Vessel Expenses: Prepaid Voyage Costs: Vessel operating expenses: General and administrative expenses: |
Financial Instruments | (u) Financial Instruments Financial Risk Management: Credit Risk: Financial instruments that potentially subject Navios Partners to concentrations of credit risk are accounts receivable and cash and cash equivalents. Navios Partners does not believe its exposure to credit risk is likely to have a material adverse effect on its financial position, results of operations or cash flows. See Note 5 – Accounts receivable, net Liquidity Risk: Foreign Exchange Risk: |
Cash Distribution | (v) Cash Distribution : As per the partnership agreement, within 45 days following the end of each quarter, to the extent and as may be declared by the Board, an amount equal to 100% of Available Cash (as defined herein) with respect to such quarter shall be distributed to the partners as of the record date selected by the Board of Directors . Available Cash: • less the amount of cash reserves established by the Board of Directors to: • provide for the proper conduct of the business (including reserve for maintenance and replacement capital expenditures); • comply with applicable law, any of Navios Partners' debt instruments, or other agreements; or • provide funds for distributions to the unitholders and to the general partner for any one or more of the next four quarters; • plus all cash on hand on the date of determination of Available Cash for the quarter resulting from working capital borrowings made after the end of the quarter. Working capital borrowings are generally borrowings that are made under any revolving credit or similar agreement used solely for working capital purposes or to pay distributions to partners. Available Cash is a quantitative measure used in the publicly traded partnership investment community to assist in evaluating a partnership's ability to make quarterly cash distributions. Available Cash is not required by U.S. GAAP and should not be considered a substitute for net income, cash flow from operating activities and other operations or cash flow statement data prepared in accordance with accounting principles generally accepted in the United States or as a measure of profitability or liquidity. Cash distributions are recorded in the Company's financial statements in the period in which they are declared. Navios Partners paid $ 6,160 , $ 6,163 and $ 4,615 to its unitholders of common and general partnership units during the years ended December 31, 2023, 2022 and 2021, respectively. Maintenance and Replacement Capital Expenditures: 224,080 , $ 244,589 and $ 83,147 , respectively. |
Stock-based compensation | (w) Stock-based compensation : In February 2019, December 2019, December 2018 and December 2017, Navios Partners granted restricted common units to its directors and officers, which are based solely on service conditions and vest over four years each, respectively. Following the NNA Merger (as defined herein), Navios Partners assumed the restricted common units granted in December 2018 and December 2017 to directors and officers of Navios Maritime Acquisition Corporation (“Navios Acquisition”), which are based solely on service conditions and vest over four years each, respectively. Upon the NNA Merger (as defined herein), the unvested restricted common units were 11,843 after exchange on a 1 to 0.1275 basis. The fair value of restricted common units is determined by reference to the quoted stock price on the date of grant or the date that the grants were exchanged upon completion of the NNA Merger (as defined herein). Compensation expense, net of estimated forfeitures, is recognized based on a graded expense model over the vesting period. Navios Partners vested 1,001 29,216 61,626 |
Income Taxes | (x) Income Taxes : The Company is a Marshall Islands Corporation. Pursuant to various treaties and the United States Internal Revenue Code, the Company believes that substantially all its operations are exempt from income taxes in the Marshall Islands and the United States of America. Under the laws of 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 presented under the caption “Other expense” in the Consolidated Statements of Operations. |
Earnings/(Losses) Per Unit | (y) Earnings/(Losses) Per Unit |
Guarantees | (z) Guarantees : An asset for the fair value of a right undertaken in issuing the guarantee is recognized. The recognition of fair value is not required for certain guarantees such as the parent's guarantee of a subsidiary's debt to a third party or guarantees on product warranties. For those guarantees excluded from the above guidance requiring the fair value recognition of the asset, financial statement disclosures of their terms are made. |
Leases for Lessors | (aa) Leases for Lessors : Vessel leases where Navios Partners is regarded as the lessor are classified as either operating leases or sales type/ direct financing leases, based on an assessment of the terms of the lease. All Company’s leases, for which the Company acts as lessor, are classified as operating leases. For charters classified as operating leases where Navios Partners is regarded as the lessor, see Note 2(t) – Summary of significant accounting policies. |
Leases for Lessees | (bb) Leases for Lessees : Vessel leases, where Navios Partners is regarded as the lessee, are classified as either operating leases or finance leases, based on an assessment of the terms of the lease. According to the provisions of ASC 842-20-30-1, at the commencement date, the Company shall measure both of the following: a) The lease liability at the present value of the lease payments not yet paid, discounted using the discount rate for the lease at lease commencement and b) The right-of-use asset, which shall consist of all of the following: (i) the amount of the initial measurement of the lease liability; (ii) any lease payments made to the lessor at or before the commencement date, minus any lease incentives received; and (iii) any initial direct costs incurred by the lessee. After lease commencement, the Company measures the lease liability for operating leases at the present value of the remaining lease payments using the discount rate determined at lease commencement. The right-of-use asset is subsequently measured at the amount of the remeasured lease liability, adjusted for the remaining balance of any lease incentives received, any cumulative prepaid or accrued rent if the lease payments are uneven throughout the lease term and any unamortized initial direct costs. Any changes made to leased assets to customize it for a particular use or need of the lessee are capitalized as leasehold improvements. Amounts attributable to leasehold improvements are presented separately from the related right-of-use asset. In cases of operating lease agreements that meet the definition of ASC 842 for a short-term lease (the lease has a lease term of 12 months or less) and does not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise, the Company makes the short-term lease election at the commencement date and does not recognize a lease liability or right-of-use asset on its balance sheet but, recognizes lease payments on a straight-line basis over the lease term. For charters classified as operating leases, lease expense is recognized on a straight line basis over the rental periods of such charter agreements and is included under the caption “Time charter and voyage expenses” in the Consolidated Statements of Operations. After lease commencement, the Company measures the lease liability for finance leases by increasing the carrying amount to reflect interest on the lease liability and reducing the carrying amount to reflect the lease payments made during the period. The right-of-use asset is amortized from the lease commencement date to the remaining useful life of the underlying asset since the Company has either the obligation or is reasonably certain to exercise its option to purchase the underlying asset. For finance leases, interest expense is determined using the effective interest method and is included under the caption “Interest expense and finance cost, net” in the Consolidated Statements of Operations, whereas amortization on the right-of-use asset is recognized on a straight line basis over the useful life of such asset and is included under the caption “Depreciation and amortization of intangible assets” in the Consolidated Statements of Operations. In cases of the termination of a lease that results from the purchase of an underlying asset during the lease term, the Company recognizes any difference between the purchase price and the carrying amount of the lease liability immediately before the purchase as an adjustment of the carrying amount of the asset. In cases of sale and leaseback transactions, if the transfer of the asset to the lessor does not qualify as a sale, then the transaction constitutes a failed sale and leaseback and is accounted for as a financing transaction. For a sale to have occurred, the control of the asset would need to be transferred to the buyer, and the buyer would need to obtain substantially all the benefits from the use of the asset. Lease assets used by Navios Partners are reviewed periodically for potential impairment whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. Measurement of the impairment loss is based on the fair value of the lease asset, which is determined: (a) by calculating the operating lease asset’s discounted projected net operating cash flows based on management estimates and assumptions by making use of available market and company data and (b) on the basis of management estimates and assumptions by making use of available market data and taking into consideration third party valuations performed on an individual vessel basis of the finance lease asset. In evaluating carrying values of operating and finance lease assets, certain indicators of potential impairment are reviewed, such as obsolesce or significant damage to the asset, business plans, overall market conditions and market economic outlook. When the impairment indicators are present for any bareboat/time chartered-in vessel, the Company calculates the sum of the undiscounted projected net operating cash flows for such vessel and compares it to its carrying value (the “recoverability test”). Undiscounted projected net operating cash flow analysis is determined by considering various assumptions regarding the charter revenues from existing time charters for the fixed fleet days (the Company’s remaining charter-out agreement rates) and an estimated daily time charter equivalent for the unfixed days (based on an average historical time charter-out rates) over the remaining lease term/ economic life of right-of-use assets under operating and finance leases, respectively, net of brokerage and address commissions excluding days of scheduled off-hires (for the bareboat/time chartered-in vessels), scheduled dry-dockings or special surveys, scrap values, vessel operating expenses in accordance with the terms of Management Agreements (as defined herein) in effect until January 1, 2025 and thereafter assuming an annual increase of 3.0% every second year for the bareboat/time chartered-in vessels and utilization rate based on the fleet's historical performance. If the recoverability test indicates that impairment loss should be recognized, the determination of the lease asset’s fair value using discounted projected net operating cash flows requires the determination of the Company’s relevant discount factor. |
Financial Instruments and Fair Value | (cc) Financial Instruments and Fair Value |
Other Comprehensive Income | (dd) Other Comprehensive Income : The Company follows the provisions of ASC 220, “Comprehensive Income”, which requires separate presentation of certain transactions which are recorded directly as components of equity. The Partnership has no such transactions which affect other comprehensive income and accordingly, for the years ended December 31, 2023, 2022 and 2021, comprehensive income equaled net income. |
 Recent Accounting Pronouncements - Adopted | (ee) Recent Accounting Pronouncements - Adopted : As of December 31, 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 December 31, 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. |
Summary of significant accoun_3
Summary of significant accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies - Entities included in the consolidation | The accompanying consolidated financial statements include the following entities: Summary of Significant Accounting Policies - Entities included in the consolidation Company name Vessel name Country of incorporation 2023 2022 2021 Libra Shipping Enterprises Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Alegria Shipping Corporation (35) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Felicity Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Gemini Shipping Corporation (14) Former Vessel-Owning Company Marshall Is. 1/01–2/07 1/01–12/31 1/01–12/31 Galaxy Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Aurora Shipping Enterprises Ltd. Navios Hope Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Palermo Shipping S.A. (14) Former Vessel-Owning Company Marshall Is. 1/01–2/07 1/01–12/31 1/01–12/31 Fantastiks Shipping Corporation (12) Navios Fantastiks Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Sagittarius Shipping Corporation (12) Navios Sagittarius Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Hyperion Enterprises Inc. (54) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Chilali Corp. Navios Aurora II Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Surf Maritime Co. (12) Navios Pollux Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Pandora Marine Inc. Navios Melodia Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Customized Development S.A. Navios Fulvia Liberia 1/01–12/31 1/01–12/31 1/01–12/31 Kohylia Shipmanagement S.A. Navios Luz Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Orbiter Shipping Corp. (57) Navios Orbiter Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Floral Marine Ltd. Navios Buena Ventura Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Golem Navigation Limited Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Kymata Shipping Co. Navios Helios Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Joy Shipping Corporation Navios Joy Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Micaela Shipping Corporation Navios Harmony Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Pearl Shipping Corporation Navios Sun Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Velvet Shipping Corporation Navios La Paix Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Perigiali Navigation Limited (53) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Finian Navigation Co. (12) Navios Ace Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Ammos Shipping Corp. (40) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Casual Shipholding Co. (12) Navios Sol Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Avery Shipping Company Navios Symphony Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Coasters Ventures Ltd. Navios Christine B Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Ianthe Maritime S.A. Navios Aster Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Rubina Shipping Corporation Hyundai Hongkong Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Topaz Shipping Corporation Hyundai Singapore Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Beryl Shipping Corporation Hyundai Tokyo Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Cheryl Shipping Corporation Hyundai Shanghai Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Christal Shipping Corporation Hyundai Busan Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Fairy Shipping Corporation (5) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Limestone Shipping Corporation (28) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Dune Shipping Corp. (13) Former Vessel-Owning Company Marshall Is. 1/01–2/21 1/01–12/31 1/01–12/31 Citrine Shipping Corporation (13) Former Vessel-Owning Company Marshall Is. 1/01–2/21 1/01–12/31 1/01–12/31 Cavalli Navigation Inc. Former Vessel-Owning Company Liberia 1/01–12/31 1/01–12/31 1/01–12/31 Seymour Trading Limited (2) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Goldie Services Company (34) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Andromeda Shiptrade Limited Navios Apollon I Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Esmeralda Shipping Corporation Navios Sphera Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Triangle Shipping Corporation Navios Mars Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Oceanus Shipping Corporation (19) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Cronus Shipping Corporation Protostar N Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Leto Shipping Corporation (17) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Dionysus Shipping Corporation (4) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Prometheus Shipping Corporation (18) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Camelia Shipping Inc. (31) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Azalea Shipping Inc. (1) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Amaryllis Shipping Inc. (38) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Wenge Shipping Corporation (20) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Sunstone Shipping Corporation Copernicus N Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Fandango Shipping Corporation Unity N Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Flavescent Shipping Corporation Odysseus N Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Emery Shipping Corporation Navios Gem Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Rondine Management Corp. Navios Victory Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Prosperity Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Aldebaran Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 JTC Shipping and Trading Ltd. (11) Holding Company Malta 1/01–12/31 1/01–12/31 1/01–12/31 Navios Maritime Partners L.P. N/A Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Navios Maritime Operating LLC. N/A Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Navios Partners Finance (US) Inc. Co-Borrower Delaware 1/01–12/31 1/01–12/31 1/01–12/31 Navios Partners Europe Finance Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Solange Shipping Ltd. (16) Navios Avior Marshall Is. 1/01–12/31 1/01–12/31 3/30–12/31 Mandora Shipping Ltd. (16) Navios Centaurus Marshall Is. 1/01–12/31 1/01–12/31 3/30–12/31 Olympia II Navigation Limited (12) Navios Domino Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Pingel Navigation Limited (12) Navios Delight Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Ebba Navigation Limited (12) Navios Destiny Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Clan Navigation Limited (12) Navios Devotion Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Sui An Navigation Limited (23) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Bertyl Ventures Co. Navios Azure Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Silvanus Marine Company (12) Navios Summer Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Anthimar Marine Inc. (12) Navios Amarillo Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Enplo Shipping Limited (12) Navios Verde Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Morven Chartering Inc. (12) Navios Verano (ex. Matson Oahu) Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Rodman Maritime Corp. (12) Navios Spring Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Isolde Shipping Inc. (12) Navios Indigo Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Velour Management Corp. (12) Navios Vermilion Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Evian Shiptrade Ltd. (12) Matson Lanai Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Theros Ventures Limited Navios Lapis Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Legato Shipholding Inc. Navios Tempo Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Inastros Maritime Corp. Navios Chrysalis Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Zoner Shiptrade S.A. Navios Dorado Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Jasmer Shipholding Ltd. Navios Nerine Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Thetida Marine Co. Navios Magnolia Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Jaspero Shiptrade S.A. Navios Jasmine Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Peran Maritime Inc. Zim Baltimore Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Nefeli Navigation S.A. (12) Navios Unison Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Crayon Shipping Ltd Navios Miami Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Chernava Marine Corp. Navios Bahamas (ex. Bahamas) Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Proteus Shiptrade S.A. Zim Carmel Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Vythos Marine Corp. (12) Navios Constellation Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Navios Maritime Containers Sub L.P. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Navios Partners Containers Finance Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Boheme Navigation Company Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Navios Partners Containers Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Iliada Shipping S.A. Operating Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Vinetree Marine Company Operating Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Afros Maritime Inc. Operating Company Marshall Is. 1/01–12/31 1/01–12/31 3/31–12/31 Cavos Navigation Co. Navios Libra Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Perivoia Shipmanagement Co. (10) Navios Amitie Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Pleione Management Limited (10) Navios Star Marshall Is. 1/01–12/31 1/01–12/31 1/01–12/31 Bato Marine Corp. (32) Navios Armonia Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Agron Navigation Company (21) Navios Azalea Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Teuta Maritime S.A. (58) Navios Altair Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Ambracia Navigation Company (12), (29) Navios Primavera Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Artala Shipping Co. (55) Navios Sakura Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Migen Shipmanagement Ltd. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 3/05–12/31 Bole Shipping Corporation (24) Spectrum N Marshall Is. 1/01–12/31 1/01–12/31 4/28–12/31 Brandeis Shipping Corporation (24) Ete N Marshall Is. 1/01–12/31 1/01–12/31 5/10–12/31 Buff Shipping Corporation (24) Fleur N Marshall Is. 1/01–12/31 1/01–12/31 5/10–12/31 Morganite Shipping Corporation (12), (27) Navios Meridian Marshall Is. 1/01–12/31 1/01–12/31 6/01–12/31 Balder Maritime Ltd. (26) Navios Koyo Marshall Is. 1/01–12/31 1/01–12/31 6/04–12/31 Melpomene Shipping Corporation (50) Sparrow (ex. Zim Sparrow) Marshall Is. 1/01–12/31 1/01–12/31 6/23–12/31 Urania Shipping Corporation (25) Zim Eagle Marshall Is. 1/01–12/31 1/01–12/31 6/23–12/31 Terpsichore Shipping Corporation (8) TBN I Marshall Is. 1/01–12/31 1/01–12/31 6/23–12/31 Erato Shipmanagement Corporation (6) TBN II Marshall Is. 1/01–12/31 1/01–12/31 6/23–12/31 Lavender Shipping Corporation (12), (7) Navios Ray Marshall Is. 1/01–12/31 1/01–12/31 6/30–12/31 Nostos Shipmanagement Corp. (12), (7) Navios Bonavis Marshall Is. 1/01–12/31 1/01–12/31 6/30–12/31 Navios Maritime Acquisition Corporation Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Acquisition Europe Finance Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Acquisition Finance (US) Inc. Co-Issuer of Ship Mortgage Notes Delaware 1/01–12/31 1/01–12/31 8/25–12/31 Navios Maritime Midstream Partners GP LLC Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Letil Navigation Ltd. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Maritime Midstream Partners Finance (US) Inc. Sub-Holding Company Delaware 1/01–12/31 1/01–12/31 8/25–12/31 Aegean Sea Maritime Holdings Inc. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Amorgos Shipping Corporation (44) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Andros Shipping Corporation (43) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Antikithira Shipping Corporation Nave Equator Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Antiparos Shipping Corporation (12) Nave Atria Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Antipaxos Shipping Corporation (39) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Antipsara Shipping Corporation Nave Velocity Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Crete Shipping Corporation Nave Cetus Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Delos Shipping Corporation (45) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Folegandros Shipping Corporation Nave Andromeda Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Ikaria Shipping Corporation (12) Nave Aquila Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Ios Shipping Corporation Nave Cielo Cayman Islands 1/01–12/31 1/01–12/31 8/25–12/31 Iraklia Shipping Corporation Bougainville Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kimolos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kithira Shipping Corporation Nave Orbit Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kos Shipping Corporation (12) Nave Bellatrix Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Lefkada Shipping Corporation Nave Buena Suerte Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Leros Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Mytilene Shipping Corporation (12) Nave Orion Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Oinousses Shipping Corporation Nave Jupiter Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Psara Shipping Corporation Nave Luminosity Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Rhodes Shipping Corporation Nave Cassiopeia Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Samos Shipping Corporation Nave Synergy Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Samothrace Shipping Corporation (12) Nave Pulsar Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Serifos Shipping Corporation Nave Estella Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Sifnos Shipping Corporation Nave Titan Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Skiathos Shipping Corporation Nave Capella Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Skopelos Shipping Corporation Nave Ariadne Cayman Islands 1/01–12/31 1/01–12/31 8/25–12/31 Skyros Shipping Corporation Nave Sextans Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Syros Shipping Corporation Nave Alderamin Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Thera Shipping Corporation Nave Atropos Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Tilos Shipping Corporation Nave Spherical Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Tinos Shipping Corporation Nave Rigel Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Zakynthos Shipping Corporation Nave Quasar Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Cyrus Investments Corp. Baghdad Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Olivia Enterprises Corp. Erbil Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Limnos Shipping Corporation Nave Pyxis Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Thasos Shipping Corporation Nave Equinox Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Agistri Shipping Limited Operating Subsidiary Malta 1/01–12/31 1/01–12/31 8/25–12/31 Paxos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Donoussa Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Schinousa Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Alonnisos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Makronisos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Loyalty Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Navigator Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Amindra Navigation Co. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Maritime Midstream Partners L.P. Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Navios Maritime Midstream Operating LLC Sub-Holding Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Dream Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Kannika Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Kieran Limited Nave Universe British Virgin Islands 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Ocean Limited Former Vessel-Owning Company Hong Kong 1/01–12/31 1/01–12/31 8/25–12/31 Shinyo Saowalak Limited Nave Constellation British Virgin Islands 1/01–12/31 1/01–12/31 8/25–12/31 Sikinos Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kerkyra Shipping Corporation Nave Galactic Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Doxa International Corp. Nave Electron Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Alkmene Shipping Corporation (38) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Dione Shipping Corporation (46) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Persephone Shipping Corporation Hector N Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Rhea Shipping Corporation (36) Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Tzia Shipping Corporation (30) Nave Celeste Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Boysenberry Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Cadmium Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Celadon Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Cerulean Shipping Corporation Former Vessel-Owning Company Marshall Is. 1/01–12/31 1/01–12/31 8/25–12/31 Kleio Shipping Corporation (6) TBN III Marshall Is. 1/01–12/31 1/01–12/31 8/12–12/31 Polymnia Shipping Corporation (6) TBN IV Marshall Is. 1/01–12/31 1/01–12/31 8/12–12/31 Goddess Shiptrade Inc. (41) Navios Astra Marshall Is. 1/01–12/31 1/01–12/31 8/02–12/31 Aramis Navigation Inc. (3) Navios Azimuth Marshall Is. 1/01–12/31 1/01–12/31 7/09–12/31 Thalia Shipping Corporation (6) TBN VII Marshall Is. 1/01–12/31 1/01–12/31 11/17-12/31 Muses Shipping Corporation (6) TBN VIII Marshall Is. 1/01–12/31 1/01–12/31 11/17-12/31 Euterpe Shipping Corporation (8) TBN VI Marshall Is. 1/01–12/31 1/01–12/31 11/17-12/31 Calliope Shipping Corporation (8) TBN Marshall Is. 1/01–12/31 1/01–12/31 11/17-12/31 Karpathos Shipping Corporation (6) TBN XV Marshall Is. 1/01–12/31 6/22–12/31 — Patmos Shipping Corporation (49) TBN XVI Marshall Is. 1/01–12/31 6/22–12/31 — Tarak Shipping Corporation (6) TBN X Marshall Is. 1/01–12/31 4/26–12/31 — Astrovalos Shipping Corporation (8) TBN IX Marshall Is. 1/01–12/31 4/26–12/31 — Ithaki Shipping Corporation (6) TBN XII Marshall Is. 1/01–12/31 4/26–12/31 — Gavdos Shipping Corporation (6) TBN XI Marshall Is. 1/01–12/31 4/26–12/31 — Galera Management Company (56) Navios Amethyst Marshall Is. 1/01–12/31 6/24-12/31 — Vatselo Enterprises Corp. (9), (12) Navios Alegria Marshall Is. 1/01–12/31 6/24-12/31 — Thalassa Marine S.A. Navios Galaxy II Marshall Is. 1/01–12/31 7/29-12/31 — Anafi Shipping Corporation (12) Navios Sky Marshall Is. 1/01–12/31 9/08-12/31 — Asteroid Shipping S.A. Navios Herakles I Marshall Is. 1/01–12/31 7/29-12/31 — Bulkinvest S.A. Operating Company Luxembourg 1/01–12/31 9/08-12/31 — Cloud Atlas Marine S.A. Navios Uranus Marshall Is. 1/01–12/31 7/29-12/31 — Corsair Shipping Ltd. (33) Former Vessel-Owning Company Marshall Is. 1/01–12/31 9/08-12/31 — Ducale Marine Inc. Navios Etoile Marshall Is. 1/01–12/31 9/08-12/31 — Faith Marine Ltd Navios Altamira Marshall Is. 1/01–12/31 9/08-12/31 — Kleimar N.V. (37) Operating Company/ Vessel Owning Company/Management Company Belgium 1/01–12/31 9/08-12/31 — Iris Shipping Corporation N Amalthia Marshall Is. 1/01–12/31 9/08-12/31 — Moonstone Shipping Corporation (42) Former Vessel-Owning Company Marshall Is. 1/01–12/31 9/08-12/31 — NAV Holdings Limited Sub-Holding Company Malta 1/01–12/31 9/08-12/31 — Navios International Inc. Operating Company Marshall Is. 1/01–12/31 7/29-12/31 — Veja Navigation Company Sub-Holding Company Marshall Is. 1/01–12/31 9/08-12/31 — Vernazza Shiptrade Inc. (12) Navios Canary Marshall Is. 1/01–12/31 9/08-12/31 — White Narcissus Marine S.A. (12), (37) Navios Asteriks Marshall Is. 1/01–12/31 9/08-12/31 — Talia Shiptrade S.A. Navios Magellan II Marshall Is. 1/01–12/31 7/29-12/31 — Shikhar Ventures S.A. (12) Navios Stellar Liberia 1/01–12/31 9/08-12/31 — Opal Shipping Corporation Rainbow N Marshall Is. 1/01–12/31 9/08-12/31 — Pharos Navigation S.A. (12) Navios Phoenix Marshall Is. 1/01–12/31 9/08-12/31 — Pueblo Holdings Ltd. (12) Navios Lumen Marshall Is. 1/01–12/31 9/08-12/31 — Red Rose Shipping Corp. Navios Bonheur Marshall Is. 1/01–12/31 9/08-12/31 — Rider Shipmanagement Inc. Navios Felicity I Marshall Is. 1/01–12/31 7/29-12/31 — Roselite Shipping Corporation (12) Navios Corali Marshall Is. 1/01–12/31 9/08-12/31 — Rumer Holding Ltd. (12) Navios Antares Marshall Is. 1/01–12/31 9/08-12/31 — Jasmine Shipping Corporation N Bonanza Marshall Is. 1/01–12/31 9/08-12/31 — Highbird Management Inc. Navios Celestial Marshall Is. 1/01–12/31 9/08-12/31 — Kastelorizo Shipping Corporation (49) TBN XIII Marshall Is. 1/01–12/31 10/19–12/31 — Elafonisos Shipping Corporation (49) TBN XIV Marshall Is. 1/01-12/31 10/19–12/31 — Koufonisi Shipping Corporation (12), (48) Navios Felix Marshall Is. 1/01–12/31 11/11–12/31 — Ziggy Shipping Limited (51) TBN XVII Marshall Is. 1/03-12/31 — — Gatsby Maritime Company (22) TBN XVIII Marshall Is. 1/03-12/31 — — Atokos Shipping Corporation (12), (15) Navios Horizon I Marshall Is. 7/18-12/31 — — Kastos Shipping Corporation (52) TBN XXVI Marshall Is. 5/24-12/31 — — Ereikousa Shipping Corporation (22) TBN XXV Marshall Is. 5/24-12/31 — — Othonoi Shipping Corporation (22) TBN XXIII Marshall Is. 7/18-12/31 — — Mathraki Shipping Corporation (22) TBN XXIV Marshall Is. 7/18-12/31 — — Chalki Shipping Corporation (47) TBN XX Marshall Is. 5/31-12/31 — — Pserimos Shipping Corporation (52) TBN XIX Marshall Is. 5/31-12/31 — — Polyaigos Shipping Corporation (47) TBN XXI Marshall Is. 7/04-12/31 — — Trikeri Shipping Corporation (47) TBN XXII Marshall Is. 7/04-12/31 — — Makri Shipping Corporation Operating Company Marshall Is. 9/05-12/31 — — Meganisi Shipping Corporation Operating Company Marshall Is. 9/05-12/31 — — Despotiko Shipping Corporation Operating Company Marshall Is. 9/05-12/31 — — Nisyros Shipping Corporation Operating Company Marshall Is. 9/05-12/31 — — |
Acquisition of Navios Contain_2
Acquisition of Navios Containers and Navios Acquisition (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Business Combination and Asset Acquisition [Abstract] | |
Acquisition of Navios Containers - Schedule of recognized identified assets acquired and liabilities | Acquisition of Navios Containers - Schedule of recognized identified assets acquired and liabilities Purchase price: Fair value of previously held interest (35.7%) $ 106,997 Equity issuance (8,133,452 Navios Partners units * $23.56) 191,624 Total purchase price 298,621 Fair value of assets acquired and liabilities assumed: Vessels 770,981 Current assets (including cash of $10,282) 29,033 Unfavorable lease terms (224,490) Long term debt and financial liabilities assumed (including current portion) (227,434) Current liabilities (5,416) Fair value of net assets acquired 342,674 Bargain gain $ 44,053 |
Acquisition of Navios Containers - Lease Future Amortization Income | Acquisition of Navios Containers - Lease Future Amortization Income Within One Year Year Two Year Three Year Four Year Five Year Six Total Time charters with unfavorable lease terms $ (126,710) (52,501) (20,431) (12,462) (11,445) (941) $ (224,490) |
Acquisition of Navios Containers - Acquired finite lived intangible liability | Acquisition of Navios Containers - Acquired finite lived intangible liability Amount Description Unfavorable lease terms $ (224,490) |
Acquisition of Navios Acquisition - Schedule of recognized identified assets acquired and liabilities | Acquisition of Navios Acquisition - Schedule of recognized identified assets acquired and liabilities Purchase consideration: Fair value of the consideration $ 150,000 Fair value of noncontrolling interest (37.6%) 57,635 Total purchase consideration 207,635 Fair value of Navios Acquisition’s assets acquired and liabilities assumed: Vessels 1,003,040 Other long-term assets 27,291 Operating lease assets 128,619 Current assets (including cash and restricted cash of $32,394) 64,180 Favorable lease terms 112,139 Unfavorable lease terms (6,529) Long term debt and financial liabilities assumed (including current portion) (811,608) Operating lease liabilities (including current portion) (128,619) Current liabilities (176,916) Fair value of Navios Acquisition’s net assets 211,597 Bargain gain upon obtaining control $ 3,962 |
Acquisition of Navios Acquisition - Lease Future Amortization Income | Acquisition of Navios Acquisition - Lease Future Amortization Income Within One Year Year Two Year Three Year Four Year Five Year Six and thereafter Total Time charters with favorable lease terms $ 24,398 18,232 18,156 17,702 11,182 22,469 $ 112,139 Time charters with unfavorable lease terms $ (4,672) (1,857) — — — — $ (6,529) |
Acquisition of Navios Acquisition - Acquired finite lived intangible liability | Acquisition of Navios Acquisition - Acquired finite lived intangible liability Amount Description Favorable lease terms $ 112,139 Unfavorable lease terms $ (6,529) |
Cash and cash equivalents (Tabl
Cash and cash equivalents (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Cash and Cash Equivalents [Abstract] | |
Cash and cash equivalents | Cash and cash equivalents consist of the following: Cash and cash equivalents December 31, 2023 December 31, 2022 Cash and cash equivalents $ 240,378 $ 157,814 Restricted cash 8,797 17,284 Total cash and cash equivalents and restricted cash $ 249,175 $ 175,098 |
Accounts receivable, net (Table
Accounts receivable, net (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Accounts Receivable Net | |
Accounts Receivable, net - Lessen by Provision for Doubtful Accounts | Accounts receivable consisted of the following: Accounts Receivable, net - Lessen by Provision for Doubtful Accounts December 31, 2023 December 31, 2022 Accounts receivable $ 42,237 $ 78,020 Less: Provision for credit losses — (2,990) Accounts receivable, net $ 42,237 $ 75,030 |
Accounts Receivable, net - Changes to provisions for credit losses | Charges to provisions for credit losses are summarized as follows: Accounts Receivable, net - Changes to provisions for credit losses Allowance for credit losses Balance at beginning of period Charges to costs and expenses Amount utilized Balance at end of period Year ended December 31, 2023 $ (2,990) $ — $ 2,990 $ — Year ended December 31, 2022 $ (2,990) $ — $ — $ (2,990) Year ended December 31, 2021 $ (2,990) $ — $ — $ (2,990) |
Prepaid expenses and other cu_2
Prepaid expenses and other current assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Prepaid Expenses And Other Current Assets | Prepaid expenses and other current assets consist of the following: Prepaid Expenses And Other Current Assets December 31, 2023 December 31, 2022 Prepaid voyage costs $ 7,350 $ 8,825 Inventories 37,566 32,667 Claims receivable 8,507 12,694 Other 7,913 6,110 Total prepaid expenses and other current assets $ 61,336 $ 60,296 |
Vessels, net (Tables)
Vessels, net (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
Vessels, net | Vessels, net Total Vessels Cost Accumulated Depreciation Net Book Value Balance December 31, 2020 $ 1,314,740 $ (273,602) $ 1,041,138 Additions/ (Depreciation) 1,996,820 (98,739) 1,898,081 Disposals (90,933) 4,284 (86,649) Balance December 31, 2021 $ 3,220,627 $ (368,057) $ 2,852,570 Additions/ (Depreciation) 1,202,206 (163,941) 1,038,265 Disposals (130,683) 17,177 (113,506) Balance December 31, 2022 $ 4,292,150 $ (514,821) $ 3,777,329 Additions/ (Depreciation) 432,773 (199,135) 233,638 Disposals (301,462) 25,166 (276,296) Balance December 31, 2023 $ 4,423,461 $ (688,790) $ 3,734,671 The above balances as of December 31, 2023 are analyzed in the following tables: Owned Vessels Cost Accumulated Depreciation Net Book Value Balance December 31, 2022 $ 3,757,903 $ (505,943) $ 3,251,960 Additions/ (Depreciation) 241,956 (174,476) 67,480 Disposals (217,827) 23,888 (193,939) Balance December 31, 2023 $ 3,782,032 $ (656,531) $ 3,125,501 Right-of-use assets under finance Lease Cost Accumulated Depreciation Net Book Value Balance December 31, 2022 $ 534,247 $ (8,878) $ 525,369 Additions/ (Depreciation) 190,817 (24,659) 166,158 Transfers to owned vessels (83,635) 1,278 (82,357) Balance December 31, 2023 $ 641,429 $ (32,259) $ 609,170 |
Intangible assets and liabili_2
Intangible assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 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 Amortization Net Book Value Favorable lease terms December 31, 2020 $ 83,716 $ (81,716) $ 2,000 Additions/ (Amortization) 112,138 (13,716) 98,422 Favorable lease terms December 31, 2021 $ 195,854 $ (95,432) $ 100,422 Additions/ (Amortization) 15,790 (37,496) (21,706) Favorable lease terms December 31, 2022 $ 211,644 $ (132,928) $ 78,716 Amortization — (18,285) (18,285) Favorable lease terms December 31, 2023 $ 211,644 $ (151,213) $ 60,431 |
Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets | Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets Year Amount 2024 $ 18,120 2025 14,251 2026 8,215 2027 4,982 2028 4,982 2029 and thereafter 9,881 Total $ 60,431 |
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, 2021 $ 231,019 $ (108,538) $ 122,481 Additions/ (Amortization) 388 (74,963) (74,575) Unfavorable lease terms December 31, 2022 $ 231,407 $ (183,501) $ 47,906 Amortization — (19,922) (19,922) Unfavorable lease terms December 31, 2023 $ 231,407 $ (203,423) $ 27,984 |
Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities | Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities Year Amount 2024 $ 12,718 2025 11,680 2026 3,586 2027 — 2028 — 2029 and thereafter — Total $ 27,984 |
Accounts Payable (Tables)
Accounts Payable (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Accounts Payable | |
Accounts payable | Accounts payable December 31, 2023 December 31, 2022 Creditors $ 17,097 $ 16,758 Brokers 6,918 8,598 Professional and legal fees 1,473 1,761 Total accounts payable $ 25,488 $ 27,117 |
Accrued expenses (Tables)
Accrued expenses (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Accrued Expenses | |
Accrued expenses | Accrued expenses December 31, 2023 December 31, 2022 Accrued voyage expenses $ 10,641 $ 5,742 Accrued loan interest 7,420 8,297 Accrued legal and professional fees 5,547 2,010 Total accrued expenses $ 23,608 $ 16,049 |
Borrowings - Credit Facilitie_3
Borrowings - Credit Facilities (Narrative I) (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
Borrowings | Borrowings December 31, 2023 December 31, 2022 Credit facilities $ 908,288 $ 874,038 Financial liabilities 502,275 695,934 Finance lease liabilities 468,414 389,007 Total borrowings $ 1,878,977 $ 1,958,979 Less: Current portion of long-term borrowings, net (285,036) (391,095) Less: Deferred finance costs, net (17,514) (13,532) Long-term borrowings, net $ 1,576,427 $ 1,554,352 |
Borrowings - Finance Lease Li_2
Borrowings - Finance Lease Liabilities (Narrative II) (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Borrowings - Finance Lease Liabilities | |
Borrowings - Maturity of Long Term Debt | Borrowings - Maturity of Long Term Debt Year Amount 2024 $ 290,709 2025 481,799 2026 280,452 2027 186,175 2028 158,253 2029 and thereafter 481,589 Total $ 1,878,977 |
Fair value of financial instr_2
Fair value of financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | Fair Value of Financial Instruments December 31, 2023 December 31, 2022 Book Value Fair Value Book Value Fair Value Cash and cash equivalents $ 240,378 $ 240,378 $ 157,814 $ 157,814 Restricted cash $ 8,797 $ 8,797 $ 17,284 $ 17,284 Other investments $ 47,000 $ 47,000 $ — $ — Amounts due from related parties, long-term $ 39,570 $ 39,570 $ 41,403 $ 41,403 Amounts due to related parties, short-term $ (32,026) $ (32,026) $ (104,751) $ (104,751) Credit facilities and financial liabilities, including current portion, net $ (1,393,049) $ (1,410,563) $ (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 December 31, 2023 Total Level I Level II Level III Cash and cash equivalents $ 240,378 $ 240,378 $ — $ — Restricted cash $ 8,797 $ 8,797 $ — $ — Other investments $ 47,000 $ 47,000 $ — $ — Amounts due from related parties, long-term $ 39,570 $ — $ 39,570 $ — Amounts due to related parties, short-term $ (32,026) $ — $ (32,026) $ — Credit facilities and financial liabilities, including current portion, net (1) $ (1,410,563) $ — $ (1,410,563) $ — 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, including current portion, 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, financial liabilities, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness. |
Fair Value Measurements - Fair value of assets measured at fair value on a non-recurring basis | Fair Value Measurements - Fair value of assets measured at fair value on a non-recurring basis Fair Value Measurements as at December 31, 2023 Total Level I Level II Level III Operating leases $ 3,595 $ — $ — $ 3,595 The estimated fair value of the Company’s vessels 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 as at December 31, 2022 Total Level I Level II Level III Vessels, net $ 57,402 $ — $ 57,402 $ — |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies - Future minimum contractual obligations | Commitments and Contingencies - Future minimum contractual obligations Year Amount 2024 $ — 2025 773 2026 5,643 2027 17,050 2028 18,666 2029 and thereafter 144,163 Total $ 186,295 |
Future Minimum Contractual Re_2
Future Minimum Contractual Revenue (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Leases [Abstract] | |
Future Minimum Contractual Revenue - Operating Lease, payments to be received | Future Minimum Contractual Revenue - Operating Lease, payments to be received Year Amount 2024 $ 830,176 2025 605,990 2026 472,550 2027 387,613 2028 332,176 2029 and thereafter 478,117 Total $ 3,106,622 |
Cash Distribution and Earning_2
Cash Distribution and Earnings per Unit (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Cash Distribution 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 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 Distributions and Earnings per Unit - Distributions for all quarters | Cash Distributions and Earnings per Unit - Distributions for all quarters Date Authorized Quarterly Cash Distribution for the three months ended Date of record of Common and General Partnership unit Unitholders Payment of Distribution $/ Unit Amount of the declared distribution January 2021 December 31, 2020 February 9, 2021 February 12, 2021 $ 0.05 $ 579 April 2021 March 31, 2021 May 11, 2021 May 14, 2021 $ 0.05 $ 1,127 July 2021 June 30, 2021 August 9, 2021 August 12, 2021 $ 0.05 $ 1,368 October 2021 September 30, 2021 November 8, 2021 November 12, 2021 $ 0.05 $ 1,541 January 2022 December 31,2021 February 9, 2022 February 11, 2022 $ 0.05 $ 1,541 April 2022 March 31, 2022 May 9, 2022 May 12, 2022 $ 0.05 $ 1,541 July 2022 June 30, 2022 August 9, 2022 August 12, 2022 $ 0.05 $ 1,541 October 2022 September 30, 2022 November 8, 2022 November 10, 2022 $ 0.05 $ 1,540 January 2023 December 31,2022 February 10, 2023 February 14, 2023 $ 0.05 $ 1,540 April 2023 March 31, 2023 May 9, 2023 May 12, 2023 $ 0.05 $ 1,540 July 2023 June 30, 2023 August 8, 2023 August 11, 2023 $ 0.05 $ 1,540 October 2023 September 30, 2023 November 7, 2023 November 13, 2023 $ 0.05 $ 1,540 February 2024 December 31, 2023 February 12, 2024 February 14, 2024 $ 0.05 $ 1,540 |
Cash Distributions and Earnings per Unit - Schedule of earnings per unit, Basic and Diluted | Cash Distributions and Earnings per Unit - Schedule of earnings per unit, Basic and Diluted Year Ended December 31, 2023 Year Ended December 31, 2022 Year Ended December 31, 2021 Net income attributable to Navios Partners’ unitholders $ 433,645 $ 579,247 $ 516,186 Income attributable to: Common unitholders $ 424,974 $ 567,662 $ 505,862 Weighted average units outstanding basic Common unitholders 30,183,428 30,155,148 22,620,324 Earnings per unit basic: Common unitholders $ 14.08 $ 18.82 $ 22.36 Weighted average units outstanding diluted Common unitholders 30,184,388 30,156,149 22,663,240 Earnings per unit diluted: Common unitholders $ 14.08 $ 18.82 $ 22.32 Earnings per unit distributed basic: Common unitholders $ 0.20 $ 0.20 $ 0.20 Earnings per unit distributed diluted: Common unitholders $ 0.20 $ 0.20 $ 0.20 Earnings per unit undistributed basic: Common unitholders $ 13.88 $ 18.62 $ 22.16 Earnings per unit undistributed diluted Common unitholders $ 13.88 $ 18.62 $ 22.12 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Leases | |
Leases - Operating Leases | Leases - Operating Leases Year ending December 31, Amount 2024 $ 44,459 2025 38,362 2026 38,251 2027 37,463 2028 36,981 2029 and thereafter 149,435 Total $ 344,951 Operating lease liabilities, including current portion $ 270,738 Discount based on incremental borrowing rate $ 74,213 |
Leases - Finance Leases | Leases - Finance Leases Year ending December 31, Amount 2024 $ 86,159 2025 122,290 2026 36,535 2027 36,108 2028 35,812 2029 and thereafter 329,157 Total $ 646,061 Finance lease liabilities, including current portion (see Note 11– Borrowings) $ 468,414 Discount based on incremental borrowing rate $ 177,647 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Entities included in the consolidation (Details) | 12 Months Ended |
Dec. 31, 2023 | |
Entity Information [Line Items] | |
Country of incorporation | Republic of the Marshall Islands |
Libra Shipping Enterprises Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Alegria Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Felicity Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Gemini Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–2/07 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Galaxy Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Aurora Shipping Enterprises Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Hope |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Palermo Shipping S.A [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–2/07 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Fantastiks Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Fantastiks |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Sagittarius Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Sagittarius |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Hyperion Enterprises Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Chilali Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Aurora II |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Surf Maritime Co. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Pollux |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Pandora Marine Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Melodia |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Customized Development S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Fulvia |
Country of incorporation | Liberia |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Kohylia Shipmanagement S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Luz |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Orbiter Shipping Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Orbiter |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Floral Marine Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Buena Ventura |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Golem Navigation Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Kymata Shipping Co. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Helios |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Joy Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Joy |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Micaela Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Harmony |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Pearl Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Sun |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Velvet Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios La Paix |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Perigiali Navigation Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Finian Navigation Co. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Ace |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Ammos Shipping Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Casual Shipholding Co. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Sol |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Avery Shipping Company [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Symphony |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Coasters Ventures Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Christine B |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Ianthe Maritime S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Aster |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Rubina Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Hyundai Hongkong |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Topaz Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Hyundai Singapore |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Beryl Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Hyundai Tokyo |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Cheryl Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Hyundai Shanghai |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Christal Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Hyundai Busan |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Fairy Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Limestone Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Dune Shipping Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–2/21 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Citrine Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–2/21 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Cavalli Navigation Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Liberia |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Seymour Trading Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Goldie Services Company [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Andromeda Shiptrade Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Apollon I |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Esmeralda Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Sphera |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Triangle Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Mars |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Oceanus Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Cronus Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Protostar N |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Leto Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Dionysus Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Prometheus Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Camelia Shipping Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Azalea Shipping Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Amaryllis Shipping Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Wenge Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Sunstone Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Copernicus N |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Fandango Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Unity N |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Flavescent Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Odysseus N |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Emery Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Gem |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Rondine Management Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Victory |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Prosperity Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Aldebaran Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
JTC Shipping and Trading Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Holding Company |
Country of incorporation | Malta |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Navios Maritime Partners L.P. [Member] | |
Entity Information [Line Items] | |
Vessel name | N/A |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Navios Maritime Operating LLC. [Member] | |
Entity Information [Line Items] | |
Vessel name | N/A |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Navios Partners Finance (US) Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Co-Borrower |
Country of incorporation | Delaware |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Navios Partners Europe Finance Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Solange Shipping Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Avior |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/30–12/31 |
Mandora Shipping Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Centaurus |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/30–12/31 |
Olympia II Navigation Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Domino |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Pingel Navigation Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Delight |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Ebba Navigation Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Destiny |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Clan Navigation Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Devotion |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Sui An Navigation Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Bertyl Ventures Co. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Azure |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Silvanus Marine Company [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Summer |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Anthimar Marine Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Amarillo |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Enplo Shipping Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Verde |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Morven Chartering Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Verano (ex. Matson Oahu) |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Rodman Maritime Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Spring |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Isolde Shipping Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Indigo |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Velour Management Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Vermilion |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Evian Shiptrade Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Matson Lanai |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Theros Ventures Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Lapis |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Legato Shipholding Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Tempo |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Inastros Maritime Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Chrysalis |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Zoner Shiptrade S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Dorado |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Jasmer Shipholding Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Nerine |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Thetida Marine Co. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Magnolia |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Jaspero Shiptrade S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Jasmine |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Peran Maritime Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Zim Baltimore |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Nefeli Navigation S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Unison |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Crayon Shipping Ltd [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Miami |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Chernava Marine Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Bahamas (ex. Bahamas) |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Proteus Shiptrade S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Zim Carmel |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Vythos Marine Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Constellation |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Navios Maritime Containers Sub L.P. [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Navios Partners Containers Finance Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Boheme Navigation Company [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Navios Partners Containers Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Iliada Shipping S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Operating Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Vinetree Marine Company [Member] | |
Entity Information [Line Items] | |
Vessel name | Operating Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Afros Maritime Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Operating Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/31–12/31 |
Cavos Navigation Co. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Libra |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Perivoia Shipmanagement Co. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Amitie |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Pleione Management Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Star |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 1/01–12/31 |
Bato Marine Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Armonia |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/05–12/31 |
Agron Navigation Company [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Azalea |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/05–12/31 |
Teuta Maritime S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Altair |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/05–12/31 |
Ambracia Navigation Company [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Primavera |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/05–12/31 |
Artala Shipping Co. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Sakura |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/05–12/31 |
Migen Shipmanagement Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 3/05–12/31 |
Bole Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Spectrum N |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 4/28–12/31 |
Brandeis Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Ete N |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 5/10–12/31 |
Buff Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Fleur N |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 5/10–12/31 |
Morganite Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Meridian |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 6/01–12/31 |
Balder Maritime Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Koyo |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 6/04–12/31 |
Melpomene Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Sparrow (ex. Zim Sparrow) |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 6/23–12/31 |
Urania Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Zim Eagle |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 6/23–12/31 |
Terpsichore Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN I |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 6/23–12/31 |
Erato Shipmanagement Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN II |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 6/23–12/31 |
Lavender Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Ray |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 6/30–12/31 |
Nostos Shipmanagement Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Bonavis |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 6/30–12/31 |
Navios Maritime Acquisition Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Navios Acquisition Europe Finance Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Navios Acquisition Finance (US) Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Co-Issuer of Ship Mortgage Notes |
Country of incorporation | Delaware |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Navios Maritime Midstream Partners GP LLC [Member] | |
Entity Information [Line Items] | |
Vessel name | Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Letil Navigation Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Navios Maritime Midstream Partners Finance (US) Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Delaware |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Aegean Sea Maritime Holdings Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Amorgos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Andros Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Antikithira Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Equator |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Antiparos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Atria |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Antipaxos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Antipsara Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Velocity |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Crete Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Cetus |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Delos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Folegandros Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Andromeda |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Ikaria Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Aquila |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Ios Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Cielo |
Country of incorporation | Cayman Islands |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Iraklia Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Bougainville |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Kimolos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Kithira Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Orbit |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Kos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Bellatrix |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Lefkada Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Buena Suerte |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Leros Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Mytilene Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Orion |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Oinousses Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Jupiter |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Psara Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Luminosity |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Rhodes Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Cassiopeia |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Samos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Synergy |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Samothrace Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Pulsar |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Serifos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Estella |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Sifnos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Titan |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Skiathos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Capella |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Skopelos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Ariadne |
Country of incorporation | Cayman Islands |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Skyros Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Sextans |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Syros Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Alderamin |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Thera Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Atropos |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Tilos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Spherical |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Tinos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Rigel |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Zakynthos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Quasar |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Cyrus Investments Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Baghdad |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Olivia Enterprises Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Erbil |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Limnos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Pyxis |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Thasos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Equinox |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Agistri Shipping Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Operating Subsidiary |
Country of incorporation | Malta |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Paxos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Donoussa Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Schinousa Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Alonnisos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Makronisos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Shinyo Loyalty Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Hong Kong |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Shinyo Navigator Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Hong Kong |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Amindra Navigation Co. [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Navios Maritime Midstream Partners L.P. [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Navios Maritime Midstream Operating LLC [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Shinyo Dream Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Hong Kong |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Shinyo Kannika Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Hong Kong |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Shinyo Kieran Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Universe |
Country of incorporation | British Virgin Islands |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Shinyo Ocean Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Hong Kong |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Shinyo Saowalak Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Constellation |
Country of incorporation | British Virgin Islands |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Sikinos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Kerkyra Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Galactic |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Doxa International Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Electron |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Alkmene Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Dione Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Persephone Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Hector N |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Rhea Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Tzia Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Nave Celeste |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Boysenberry Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Cadmium Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Celadon Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Cerulean Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/25–12/31 |
Kleio Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN III |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/12–12/31 |
Polymnia Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN IV |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/12–12/31 |
Goddess Shiptrade Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Astra |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 8/02–12/31 |
Aramis Navigation Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Azimuth |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 7/09–12/31 |
Thalia Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN VII |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 11/17-12/31 |
Muses Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN VIII |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 11/17-12/31 |
Euterpe Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN VI |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 11/17-12/31 |
Calliope Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN V |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 1/01–12/31 |
2020 | 11/17-12/31 |
Karpathos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XV |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 6/22–12/31 |
2020 | |
Patmos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XVI |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 6/22–12/31 |
2020 | |
Tarak Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN X |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 4/26–12/31 |
2020 | |
Astrovalos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN IX |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 4/26–12/31 |
2020 | |
Ithaki Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XII |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 4/26–12/31 |
2020 | |
Gavdos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XI |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 4/26–12/31 |
2020 | |
Galera Management Company [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Amethyst |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 6/24-12/31 |
2020 | |
Vatselo Enterprises Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Alegria |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 6/24-12/31 |
2020 | |
Thalassa Marine S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Galaxy II |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 7/29-12/31 |
2020 | |
Anafi Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Sky |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Asteroid Shipping S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Herakles I |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 7/29-12/31 |
2020 | |
Bulkinvest S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Operating Company |
Country of incorporation | Luxembourg |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Cloud Atlas Marine S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Uranus |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 7/29-12/31 |
2020 | |
Corsair Shipping Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Ducale Marine Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Etoile |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Faith Marine Ltd [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Altamira |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Kleimar N.V. [Member] | |
Entity Information [Line Items] | |
Vessel name | Operating Company/ Vessel Owning Company/Management Company |
Country of incorporation | Belgium |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Iris Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | N Amalthia |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Moonstone Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Former Vessel-Owning Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
NAV Holdings Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Malta |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Navios International Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Operating Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 7/29-12/31 |
2020 | |
Veja Navigation Company [Member] | |
Entity Information [Line Items] | |
Vessel name | Sub-Holding Company |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Vernazza Shiptrade Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Canary |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
White Narcissus Marine S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Asteriks |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Talia Shiptrade S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Magellan II |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 7/29-12/31 |
2020 | |
Shikhar Ventures S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Stellar |
Country of incorporation | Liberia |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Opal Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Rainbow N |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Pharos Navigation S.A. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Phoenix |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Pueblo Holdings Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Lumen |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Red Rose Shipping Corp. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Bonheur |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Rider Shipmanagement Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Felicity I |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 7/29-12/31 |
2020 | |
Roselite Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Corali |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Rumer Holding Ltd. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Antares |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Jasmine Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | N Bonanza |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Highbird Management Inc. [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Celestial |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 9/08-12/31 |
2020 | |
Kastelorizo Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XIII |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 10/19–12/31 |
2020 | |
Elafonisos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XIV |
Country of incorporation | Marshall Is. |
2022 | 1/01-12/31 |
2021 | 10/19–12/31 |
2020 | |
Koufonisi Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Felix |
Country of incorporation | Marshall Is. |
2022 | 1/01–12/31 |
2021 | 11/11–12/31 |
2020 | |
Ziggy Shipping Limited [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XVII |
Country of incorporation | Marshall Is. |
2022 | 1/03-12/31 |
2021 | |
2020 | |
Gatsby Maritime Company [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XVIII |
Country of incorporation | Marshall Is. |
2022 | 1/03-12/31 |
2021 | |
2020 | |
Atokos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Navios Horizon I |
Country of incorporation | Marshall Is. |
2022 | 7/18-12/31 |
2021 | |
2020 | |
Kastos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XXVI |
Country of incorporation | Marshall Is. |
2022 | 5/24-12/31 |
2021 | |
2020 | |
Ereikousa Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XXV |
Country of incorporation | Marshall Is. |
2022 | 5/24-12/31 |
2021 | |
2020 | |
Othonoi Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XXIII |
Country of incorporation | Marshall Is. |
2022 | 7/18-12/31 |
2021 | |
2020 | |
Mathraki Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XXIV |
Country of incorporation | Marshall Is. |
2022 | 7/18-12/31 |
2021 | |
2020 | |
Chalki Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XX |
Country of incorporation | Marshall Is. |
2022 | 5/31-12/31 |
2021 | |
2020 | |
Pserimos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XIX |
Country of incorporation | Marshall Is. |
2022 | 5/31-12/31 |
2021 | |
2020 | |
Polyaigos Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XXI |
Country of incorporation | Marshall Is. |
2022 | 7/04-12/31 |
2021 | |
2020 | |
Trikeri Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | TBN XXII |
Country of incorporation | Marshall Is. |
2022 | 7/04-12/31 |
2021 | |
2020 | |
Makri Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Operating Company |
Country of incorporation | Marshall Is. |
2022 | 9/05-12/31 |
2021 | |
2020 | |
Meganisi Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Operating Company |
Country of incorporation | Marshall Is. |
2022 | 9/05-12/31 |
2021 | |
2020 | |
Despotiko Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Operating Company |
Country of incorporation | Marshall Is. |
2022 | 9/05-12/31 |
2021 | |
2020 | |
Nisyros Shipping Corporation [Member] | |
Entity Information [Line Items] | |
Vessel name | Operating Company |
Country of incorporation | Marshall Is. |
2022 | 9/05-12/31 |
2021 | |
2020 |
Description of Business (Detail
Description of Business (Details Narrative) | 12 Months Ended |
Dec. 31, 2023 shares | |
Formation date | August 7, 2007 |
Country of incorporation | Republic of the Marshall Islands |
General partner | Olympos Maritime Ltd. |
Limited Partners' Capital Account, Units Outstanding | 30,184,388 |
General Partners' Capital Account, Units Outstanding | 622,296 |
Navios Holdings [Member] | |
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest | 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_5
Summary of significant accounting policies (Details Narrative) $ in Thousands | 7 Months Ended | 9 Months Ended | 12 Months Ended | |||
Jul. 26, 2022 USD ($) | Oct. 14, 2022 USD ($) | Dec. 31, 2023 USD ($) shares | Dec. 31, 2022 USD ($) shares | Dec. 31, 2021 USD ($) shares | Dec. 31, 2020 USD ($) | |
Property, Plant and Equipment [Line Items] | ||||||
Other Investments | $ 47,000 | $ 0 | ||||
Allowance for credit losses | 0 | 2,990 | $ 2,990 | $ 2,990 | ||
Scrap value per light weight ton | 340 | 340 | ||||
Interest Costs Capitalized | 19,457 | 6,537 | 966 | |||
Proceeds from Sale of Property, Plant, and Equipment | 259,004 | 284,476 | 121,080 | |||
Payments to Acquire Property, Plant, and Equipment | 182,898 | 433,777 | 217,032 | |||
Working capital balances | (249,875) | (782,334) | (5,766) | |||
Amortization of deferred dry dock and special survey costs | 43,321 | 28,917 | 16,143 | |||
Amortization of Debt Issuance Costs and Discounts | 7,188 | 5,349 | 3,741 | |||
Impairment of Intangible Assets, Finite-Lived | $ 0 | |||||
Description of distribution policy | As per the partnership agreement, within 45 days following the end of each quarter, to the extent and as may be declared by the Board, an amount equal to 100% of Available Cash (as defined herein) with respect to such quarter shall be distributed to the partners as of the record date selected by the Board of Directors | |||||
Partners' Capital Account, Distributions | $ 6,160 | 6,163 | 4,615 | |||
Cost of Property Repairs and Maintenance | $ 224,080 | $ 244,589 | $ 83,147 | |||
Restricted Stock Units (RSUs) [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares | shares | 1,001 | 29,216 | 61,626 | |||
Drybulk vessels [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Useful life | 25 years | |||||
Containerships [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Useful life | 30 years | |||||
Navios Ulysses [member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Vessel year built | 2007 | |||||
Vessel type | Ultra-Handymax | |||||
Vessel capacity in DWT | 55,728 | |||||
Proceeds from Sale of Property, Plant, and Equipment | $ 13,965 | |||||
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Property, Plant and Equipment, Additions | $ 835,000 | |||||
Related Party Transaction, Description of Transaction | The fleet consisted of: (i) 30 vessels (including eight vessels under sale and leaseback and ten vessels under finance leases), (ii) five operating leases and (iii) one vessel that has been classified as held for sale. | |||||
Payments to Acquire Property, Plant, and Equipment | $ 370,638 | |||||
Working capital balances | 37,016 | |||||
Payments to Acquire Businesses, Net of Cash Acquired | 9,862 | |||||
Assets, Fair Value Disclosure | $ 217,161 | |||||
Navios Containers [Member] | Upon completion of the NMCI Merger [member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 100% | |||||
First 15 of 36 Vessels [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Date of delivery | July 29, 2022 | |||||
Remaining 21 of 36 Vessels [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Date of delivery | September 8, 2022 | |||||
Favorable and Unfavorable Lease Terms [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Alternative Investment, Measurement Input | 0.1132 | |||||
Time chartering and bareboat chartering [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Operating Lease, Lease Income | $ 1,149,240 | $ 1,064,642 | $ 669,185 | |||
Voyage contracts [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Revenue from Contract with Customer, Excluding Assessed Tax | 107,412 | 69,075 | 25,199 | |||
Pooling arrangements [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Operating Lease, Lease Income | 50,161 | 74,344 | 17,982 | |||
Profit sharing [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Operating Lease, Lease Income | $ 76 | $ 2,467 | $ 809 | |||
Upon NNA Merger [Member] | Restricted Stock Units (RSUs) [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Unversted restricted common units | shares | 11,843 | |||||
Shares conversion rate | 0.1275 | |||||
Minimum [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Interval between vessel drydockings / special surveys | 30 months | |||||
Minimum [Member] | Voting Rights [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Voting rights of affiliates | 20% | |||||
Maximum [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Interval between vessel drydockings / special surveys | 60 months | |||||
Maximum [Member] | Voting Rights [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Voting rights of affiliates | 50% |
Acquisition of Navios Contain_3
Acquisition of Navios Containers - Schedule of recognized identified assets acquired and liabilities (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2021 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Fair value of assets acquired and liabilities assumed: | ||||
Bargain gain | $ 0 | $ 0 | $ 48,015 | |
Navios Containers [Member] | ||||
Purchase price: | ||||
Fair value of previously held interest (35.7%) | $ 106,997 | |||
Equity issuance (8,133,452 Navios Partners units * $23.56) | 191,624 | |||
Total purchase price | 298,621 | |||
Fair value of assets acquired and liabilities assumed: | ||||
Vessels | 770,981 | |||
Current assets (including cash of $10,282) | 29,033 | |||
Unfavorable lease terms | (224,490) | |||
Long term debt and financial liabilities assumed (including current portion) | (227,434) | |||
Current liabilities | (5,416) | |||
Fair value of net assets acquired | 342,674 | |||
Bargain gain | $ 44,053 |
Acquisition of Navios Contain_4
Acquisition of Navios Containers - Lease Future Amortization Income (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Aug. 25, 2021 | Mar. 31, 2021 |
Business Combination and Asset Acquisition [Abstract] | ||||
Within One Year | $ (126,710) | |||
Year Two | (52,501) | |||
Year Three | (20,431) | |||
Year Four | (12,462) | |||
Year Five | (11,445) | |||
Year Six | (941) | |||
Total | $ (27,984) | $ (47,906) | $ (6,529) | $ (224,490) |
Acquisition of Navios Contain_5
Acquisition of Navios Containers - Acquired finite lived intangible liability (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Aug. 25, 2021 | Mar. 31, 2021 |
Business Combination and Asset Acquisition [Abstract] | ||||
Unfavorable lease terms | $ (27,984) | $ (47,906) | $ (6,529) | $ (224,490) |
Acquisition of Navios Acquisiti
Acquisition of Navios Acquisition - Schedule of recognized identified assets acquired and liabilities (Details) - USD ($) $ in Thousands | 8 Months Ended | 12 Months Ended | ||
Aug. 25, 2021 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Fair value of Navios Acquisition’s assets acquired and liabilities assumed: | ||||
Bargain gain upon obtaining control | $ 0 | $ 0 | $ 48,015 | |
Navios Acquisition [Member] | ||||
Purchase consideration: | ||||
Fair value of the consideration | $ 150,000 | |||
Fair value of noncontrolling interest (37.6%) | 57,635 | |||
Total purchase consideration | 207,635 | |||
Fair value of Navios Acquisition’s assets acquired and liabilities assumed: | ||||
Vessels | 1,003,040 | |||
Other long-term assets | 27,291 | |||
Operating lease assets | 128,619 | |||
Current assets (including cash and restricted cash of $32,394) | 64,180 | |||
Favorable lease terms | 112,139 | |||
Unfavorable lease terms | (6,529) | |||
Long term debt and financial liabilities assumed (including current portion) | (811,608) | |||
Operating lease liabilities (including current portion) | (128,619) | |||
Current liabilities | (176,916) | |||
Fair value of net assets acquired | 211,597 | |||
Bargain gain upon obtaining control | $ 3,962 |
Acquisition of Navios Acquisi_2
Acquisition of Navios Acquisition - Lease Future Amortization Income (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Aug. 25, 2021 | Mar. 31, 2021 |
Finite-Lived Intangible Assets [Line Items] | ||||
Total | $ 112,139 | |||
Within One Year | $ (126,710) | |||
Year Two | (52,501) | |||
Year Three | 20,431 | |||
Year Four | 12,462 | |||
Year Five | 11,445 | |||
Year Six and thereafter | 941 | |||
Total | $ (27,984) | $ (47,906) | (6,529) | $ (224,490) |
Above Market Acquired Charters [Member] | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Within One Year | 24,398 | |||
Year Two | 18,232 | |||
Year Three | 18,156 | |||
Year Four | 17,702 | |||
Year Five | 11,182 | |||
Year Six and thereafter | 22,469 | |||
Total | 112,139 | |||
Below Market Acquired Charters [Member] | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Within One Year | (4,672) | |||
Year Two | (1,857) | |||
Year Three | 0 | |||
Year Four | 0 | |||
Year Five | 0 | |||
Year Six and thereafter | 0 | |||
Total | $ (6,529) |
Acquisition of Navios Acquisi_3
Acquisition of Navios Acquisition - Acquired finite lived intangible liability (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Aug. 25, 2021 | Mar. 31, 2021 |
Business Combination and Asset Acquisition [Abstract] | ||||
Favorable lease terms | $ 112,139 | |||
Unfavorable lease terms | $ (27,984) | $ (47,906) | $ (6,529) | $ (224,490) |
Acquisition of Navios Contain_6
Acquisition of Navios Containers and Navios Acquisition (Details Narrative) $ / shares in Units, $ in Thousands | 3 Months Ended | 4 Months Ended | 8 Months Ended | 12 Months Ended | |||
Mar. 31, 2021 USD ($) $ / shares shares | Apr. 30, 2021 USD ($) | Aug. 25, 2021 USD ($) $ / shares shares | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Business Acquisition [Line Items] | |||||||
Effective Date of Arrangements | Mar. 31, 2021 | ||||||
Bargain gain | $ 0 | $ 0 | $ 48,015 | ||||
Gain on acquisition of control | 0 | 0 | 80,839 | ||||
Revenues | 1,306,889 | 1,210,528 | 713,175 | ||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 433,645 | 579,247 | 511,273 | ||||
Upon the NNA Merger Agreement [Member] | Limited Partner [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Shares purchased | shares | 3,388,226 | ||||||
Shares conversion rate | 0.1275 | ||||||
Limited Partner [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 424,974 | 567,662 | 505,862 | ||||
Navios Containers [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Acquisition, Date of Acquisition Agreement | Dec. 31, 2020 | ||||||
Excess of the fair value of the identifiable net assets acquired | $ 342,674 | ||||||
Purchase price consideration | 298,621 | ||||||
Bargain gain | $ 44,053 | 48,015 | |||||
Relevant discount factor | 0.0889 | ||||||
Ownership percentage | 35.70% | ||||||
Fair value | $ 106,997 | ||||||
Closing price per common unit | $ / shares | $ 9.23 | ||||||
Revaluation gain | $ 75,387 | ||||||
Equity gain | 5,452 | ||||||
Gain on acquisition of control | $ 80,839 | 80,839 | |||||
Voting rights acquired | 64.30% | ||||||
Business Acquisition, Transaction Costs | $ 0 | 0 | 247 | ||||
Business Acquisition, Pro Forma Revenue | 924,978 | $ 715,397 | |||||
Navios Containers [Member] | Limited Partner [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Shares conversion rate | 0.39 | ||||||
Closing price per common unit | $ / shares | $ 23.56 | ||||||
Fair value | $ 191,624 | ||||||
Common units issued | shares | 8,133,452 | ||||||
Upon the NMCI Merger Agreement [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Revenues | $ 168,322 | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 182,479 | ||||||
Navios Acquisition [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Acquisition, Date of Acquisition Agreement | Aug. 25, 2021 | ||||||
Excess of the fair value of the identifiable net assets acquired | $ 211,597 | ||||||
Purchase price consideration | 207,635 | ||||||
Bargain gain | $ 3,962 | ||||||
Relevant discount factor | 0.1043 | ||||||
Revenues | $ 82,477 | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 17,946 | ||||||
Business Acquisition, Transaction Costs | $ 0 | 0 | 10,192 | ||||
Ownership percentage after purchase of stock | 62.40% | ||||||
Fair value of the consideration | $ 150,000 | ||||||
Fair value of noncontrolling interest | $ 57,635 | ||||||
Business Acquisition, Pro Forma Revenue | $ 377,071 | $ 97,047 | |||||
Navios Acquisition [Member] | Limited Partner [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Closing price per common unit | $ / shares | $ 2.17 | ||||||
Shares purchased | shares | 44,117,647 | ||||||
NMCI Merger and NNA Merger [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Acquisition, Transaction Costs | $ 11,169 |
Cash and cash equivalents (Deta
Cash and cash equivalents (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Cash and Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | $ 240,378 | $ 157,814 | ||
Restricted cash | 8,797 | 17,284 | ||
Total cash and cash equivalents and restricted cash | $ 249,175 | $ 175,098 | $ 169,446 | $ 30,728 |
Accounts Receivable, net - Less
Accounts Receivable, net - Lessen by Provision for Doubtful Accounts (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Accounts Receivable Net | ||||
Accounts receivable | $ 42,237 | $ 78,020 | ||
Less: Provision for credit losses | 0 | (2,990) | $ (2,990) | $ (2,990) |
Accounts receivable, net | $ 42,237 | $ 75,030 |
Accounts Receivable, net - Chan
Accounts Receivable, net - Changes to provisions for credit losses (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Accounts Receivable Net | |||
Balance at beginning of period | $ (2,990) | $ (2,990) | $ (2,990) |
Charges to costs and expenses | 0 | 0 | 0 |
Amount utilized | 2,990 | 0 | 0 |
Balance at end of period | $ 0 | $ (2,990) | $ (2,990) |
Accounts receivable, net (Detai
Accounts receivable, net (Details Narrative) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Concentration Risk, Customer | Concentration of credit risk with respect to accounts receivable is limited due to the Company's large number of customers, who are internationally dispersed and have a variety of end markets in which they sell. Due to these factors, management believes that no additional credit risk beyond amounts provided for collection losses is inherent in the Company's trade receivables. | ||
Concentration Risk, Percentage | 10% | ||
Singapore Marine [Member] | |||
Concentration Risk, Percentage | 14.50% |
Prepaid Expenses And Other Cu_3
Prepaid Expenses And Other Current Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||
Prepaid voyage costs | $ 7,350 | $ 8,825 |
Inventories | 37,566 | 32,667 |
Claims receivable | 8,507 | 12,694 |
Other | 7,913 | 6,110 |
Total prepaid expenses and other current assets | $ 61,336 | $ 60,296 |
Vessels, net (Details)
Vessels, net (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Property, Plant and Equipment [Line Items] | |||
Beginning balance | $ 3,777,329 | ||
Additions/ (Depreciation) | (217,823) | $ (201,820) | $ (112,817) |
Ending balance | 3,734,671 | 3,777,329 | |
Vessels [Member] | Cost [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Beginning balance | 4,292,150 | 3,220,627 | 1,314,740 |
Additions/ (Depreciation) | 432,773 | 1,202,206 | 1,996,820 |
Disposals/ Impairment | (301,462) | (130,683) | (90,933) |
Ending balance | 4,423,461 | 4,292,150 | 3,220,627 |
Vessels [Member] | Accumulated Depreciation [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Beginning balance | (514,821) | (368,057) | (273,602) |
Additions/ (Depreciation) | (199,135) | (163,941) | (98,739) |
Disposals | 25,166 | 17,177 | 4,284 |
Ending balance | (688,790) | (514,821) | (368,057) |
Vessels [Member] | Net Book Value [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Beginning balance | 3,777,329 | 2,852,570 | 1,041,138 |
Additions/ (Depreciation) | 233,638 | 1,038,265 | 1,898,081 |
Disposals/ Impairment | (276,296) | (113,506) | (86,649) |
Ending balance | 3,734,671 | 3,777,329 | $ 2,852,570 |
Owned Vessels [Member] | Cost [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Beginning balance | 3,757,903 | ||
Additions/ (Depreciation) | 241,956 | ||
Disposals/ Impairment | (217,827) | ||
Ending balance | 3,782,032 | 3,757,903 | |
Owned Vessels [Member] | Accumulated Depreciation [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Beginning balance | (505,943) | ||
Additions/ (Depreciation) | (174,476) | ||
Disposals | 23,888 | ||
Ending balance | (656,531) | (505,943) | |
Owned Vessels [Member] | Net Book Value [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Beginning balance | 3,251,960 | ||
Additions/ (Depreciation) | 67,480 | ||
Disposals/ Impairment | (193,939) | ||
Ending balance | 3,125,501 | 3,251,960 | |
Right-of-use assets under finance lease [Member] | Cost [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Beginning balance | 534,247 | ||
Additions/ (Depreciation) | 190,817 | ||
Transfers to owned vessels | (83,635) | ||
Ending balance | 641,429 | 534,247 | |
Right-of-use assets under finance lease [Member] | Accumulated Depreciation [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Beginning balance | (8,878) | ||
Additions/ (Depreciation) | (24,659) | ||
Transfers to owned vessels | 1,278 | ||
Ending balance | (32,259) | (8,878) | |
Right-of-use assets under finance lease [Member] | Net Book Value [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Beginning balance | 525,369 | ||
Additions/ (Depreciation) | 166,158 | ||
Transfers to owned vessels | (82,357) | ||
Ending balance | $ 609,170 | $ 525,369 |
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 | 8 Months Ended | 9 Months Ended | 10 Months Ended | 11 Months Ended | 12 Months Ended | |||||||||||||||||
Jan. 05, 2023 USD ($) | Feb. 05, 2023 USD ($) | Mar. 06, 2023 USD ($) | Mar. 29, 2023 USD ($) | Mar. 30, 2021 USD ($) | Apr. 27, 2023 USD ($) | May 10, 2021 USD ($) | Jun. 04, 2021 USD ($) | Jun. 21, 2023 USD ($) | Jul. 09, 2021 USD ($) | Jun. 30, 2021 USD ($) | Jul. 27, 2022 USD ($) | Aug. 31, 2023 USD ($) | Sep. 13, 2022 USD ($) | Sep. 08, 2022 USD ($) | Sep. 21, 2022 USD ($) | Nov. 09, 2023 USD ($) | Oct. 16, 2023 USD ($) | Dec. 14, 2022 USD ($) | Dec. 05, 2022 USD ($) | Dec. 01, 2022 USD ($) | Nov. 30, 2022 USD ($) | Nov. 17, 2022 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 30, 2022 USD ($) | Dec. 19, 2022 USD ($) | Dec. 31, 2021 USD ($) | Jul. 29, 2022 USD ($) | |
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Finance Lease, Liability, Current | $ 138,696 | $ 216,955 | |||||||||||||||||||||||||||
Payments to Acquire Property, Plant, and Equipment | 182,898 | 433,777 | $ 217,032 | ||||||||||||||||||||||||||
Capitalized expenses | 47,566 | ||||||||||||||||||||||||||||
Working capital balances | (249,875) | (782,334) | (5,766) | ||||||||||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | 259,004 | 284,476 | 121,080 | ||||||||||||||||||||||||||
Gain (Loss) on Disposition of Property Plant Equipment | 50,248 | 149,352 | 33,625 | ||||||||||||||||||||||||||
Property, Plant and Equipment, Net | 3,734,671 | 3,777,329 | |||||||||||||||||||||||||||
Asset Impairment Charges | 0 | ||||||||||||||||||||||||||||
Management agreement [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Payments for Capital Improvements | 58,766 | 18,901 | 11,408 | ||||||||||||||||||||||||||
Navios Amber [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Increase in finance lease liability | 1,620 | ||||||||||||||||||||||||||||
Finance Lease, Liability, Current | 46,407 | ||||||||||||||||||||||||||||
Sparrow [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2023 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 5,300 | ||||||||||||||||||||||||||||
Additions | $ 66,733 | ||||||||||||||||||||||||||||
Navios Horizon I [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2019 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 81,692 | ||||||||||||||||||||||||||||
Finance Lease, Right-of-Use Asset, before Accumulated Amortization | $ 27,561 | ||||||||||||||||||||||||||||
Payments to Acquire Property, Plant, and Equipment | $ 28,127 | ||||||||||||||||||||||||||||
Property, Plant and Equipment, Transfers and Changes | $ 27,555 | ||||||||||||||||||||||||||||
Navios Amethyst [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2023 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 182,212 | ||||||||||||||||||||||||||||
Finance Lease, Right-of-Use Asset, before Accumulated Amortization | $ 64,600 | ||||||||||||||||||||||||||||
Vessel type | Capesize | ||||||||||||||||||||||||||||
Capitalized expenses | $ 2,574 | ||||||||||||||||||||||||||||
Navios Sakura [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2023 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 182,169 | ||||||||||||||||||||||||||||
Finance Lease, Right-of-Use Asset, before Accumulated Amortization | $ 50,890 | ||||||||||||||||||||||||||||
Vessel type | Capesize | ||||||||||||||||||||||||||||
Capitalized expenses | $ 2,579 | ||||||||||||||||||||||||||||
Navios Altair [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2023 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 182,115 | ||||||||||||||||||||||||||||
Finance Lease, Right-of-Use Asset, before Accumulated Amortization | $ 46,146 | ||||||||||||||||||||||||||||
Vessel type | Capesize | ||||||||||||||||||||||||||||
Capitalized expenses | $ 3,028 | ||||||||||||||||||||||||||||
Navios Felix [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2016 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 181,221 | ||||||||||||||||||||||||||||
Payments to Acquire Property, Plant, and Equipment | $ 42,879 | ||||||||||||||||||||||||||||
Property, Plant and Equipment, Transfers and Changes | $ 53,232 | ||||||||||||||||||||||||||||
Vessel type | Capesize | ||||||||||||||||||||||||||||
Capitalized expenses | $ 1,600 | ||||||||||||||||||||||||||||
Navios Meridian [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2023 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 82,010 | ||||||||||||||||||||||||||||
Additions | $ 35,605 | ||||||||||||||||||||||||||||
Vessel type | Kamsarmax | ||||||||||||||||||||||||||||
Capitalized expenses | $ 1,305 | ||||||||||||||||||||||||||||
Navios Alegria [member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2016 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 84,852 | ||||||||||||||||||||||||||||
Additions | $ 27,493 | ||||||||||||||||||||||||||||
Vessel type | Kamsarmax | ||||||||||||||||||||||||||||
Capitalized expenses | $ 243 | ||||||||||||||||||||||||||||
Navios Azalea [member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2022 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 182,064 | ||||||||||||||||||||||||||||
Finance Lease, Right-of-Use Asset, before Accumulated Amortization | $ 44,753 | ||||||||||||||||||||||||||||
Vessel type | Capesize | ||||||||||||||||||||||||||||
Navios Armonia [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2022 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 182,079 | ||||||||||||||||||||||||||||
Finance Lease, Right-of-Use Asset, before Accumulated Amortization | $ 44,254 | ||||||||||||||||||||||||||||
Vessel type | Capesize | ||||||||||||||||||||||||||||
Navios Astra [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2022 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 182,393 | ||||||||||||||||||||||||||||
Finance Lease, Right-of-Use Asset, before Accumulated Amortization | $ 55,804 | ||||||||||||||||||||||||||||
Vessel type | Capesize | ||||||||||||||||||||||||||||
Navios Primavera [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2022 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 82,003 | ||||||||||||||||||||||||||||
Additions | $ 32,566 | ||||||||||||||||||||||||||||
Vessel type | Kamsarmax | ||||||||||||||||||||||||||||
Capitalized expenses | $ 986 | ||||||||||||||||||||||||||||
Navios Armonia, Navios Astra, Navios Primavera, Navios Azalea [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Capitalized expenses | 16,745 | ||||||||||||||||||||||||||||
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Finance Lease, Right-of-Use Asset, before Accumulated Amortization | $ 389,436 | ||||||||||||||||||||||||||||
Owned vessels [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Additions | $ 588,939 | ||||||||||||||||||||||||||||
Navios Azimuth [Member] | Upon Acquisition Of Navios Acquisition And The Completion Of NMCI Merger [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2011 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 179,169 | ||||||||||||||||||||||||||||
Additions | $ 30,003 | ||||||||||||||||||||||||||||
Vessel type | Capesize | ||||||||||||||||||||||||||||
Capitalized expenses | $ 3 | ||||||||||||||||||||||||||||
Navios Ray [Member] | Upon Acquisition Of Navios Acquisition And The Completion Of NMCI Merger [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2012 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 179,515 | ||||||||||||||||||||||||||||
Vessel type | Capesize | ||||||||||||||||||||||||||||
Navios Bonavis [Member] | Upon Acquisition Of Navios Acquisition And The Completion Of NMCI Merger [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2009 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 180,022 | ||||||||||||||||||||||||||||
Vessel type | Capesize | ||||||||||||||||||||||||||||
Navios Ray and Navios Bonavis [Member] | Upon Acquisition Of Navios Acquisition And The Completion Of NMCI Merger [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Additions | $ 58,000 | ||||||||||||||||||||||||||||
Navios Koyo [Member] | Upon Acquisition Of Navios Acquisition And The Completion Of NMCI Merger [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2011 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 181,415 | ||||||||||||||||||||||||||||
Additions | $ 28,567 | ||||||||||||||||||||||||||||
Vessel type | Capesize | ||||||||||||||||||||||||||||
Capitalized expenses | $ 67 | ||||||||||||||||||||||||||||
Ete N [Member] | Upon Acquisition Of Navios Acquisition And The Completion Of NMCI Merger [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2012 | ||||||||||||||||||||||||||||
Vessel type | Containership | ||||||||||||||||||||||||||||
Vessel capacity in TEU | 2,782 | ||||||||||||||||||||||||||||
Fleur N [Member] | Upon Acquisition Of Navios Acquisition And The Completion Of NMCI Merger [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2012 | ||||||||||||||||||||||||||||
Vessel type | Containership | ||||||||||||||||||||||||||||
Vessel capacity in TEU | 2,782 | ||||||||||||||||||||||||||||
Spectrum N [Member] | Upon Acquisition Of Navios Acquisition And The Completion Of NMCI Merger [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2009 | ||||||||||||||||||||||||||||
Vessel type | Containership | ||||||||||||||||||||||||||||
Vessel capacity in TEU | 2,546 | ||||||||||||||||||||||||||||
Ete N, Fleur N and Spectrum N [Member] | Upon Acquisition Of Navios Acquisition And The Completion Of NMCI Merger [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Additions | $ 55,500 | ||||||||||||||||||||||||||||
Navios Avior [Member] | Upon Acquisition Of Navios Acquisition And The Completion Of NMCI Merger [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2012 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 81,355 | ||||||||||||||||||||||||||||
Vessel type | Kamsarmax | ||||||||||||||||||||||||||||
Navios Centaurus [Member] | Upon Acquisition Of Navios Acquisition And The Completion Of NMCI Merger [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2012 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 81,472 | ||||||||||||||||||||||||||||
Vessel type | Kamsarmax | ||||||||||||||||||||||||||||
Navios Avior and Navios Centaurus [Member] | Upon Acquisition Of Navios Acquisition And The Completion Of NMCI Merger [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Additions | $ 39,320 | ||||||||||||||||||||||||||||
Capitalized expenses | 70 | ||||||||||||||||||||||||||||
Working capital balances | $ (5,766) | ||||||||||||||||||||||||||||
Fifteen vessels sold [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | 259,004 | ||||||||||||||||||||||||||||
Gain (Loss) on Disposition of Property Plant Equipment | 53,032 | ||||||||||||||||||||||||||||
Dry dock and special survey costs, net | $ 12,033 | ||||||||||||||||||||||||||||
Six vessels sold [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | 270,511 | ||||||||||||||||||||||||||||
Dry dock and special survey costs, net | 7,653 | ||||||||||||||||||||||||||||
Property, Plant and Equipment, Net | 113,246 | ||||||||||||||||||||||||||||
Navios Prosperity I [Member] | Vessels Agreed To Be Sold [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2007 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 75,527 | ||||||||||||||||||||||||||||
Vessel type | Panamax | ||||||||||||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 13,750 | ||||||||||||||||||||||||||||
Date of sale | February 7, 2023 | ||||||||||||||||||||||||||||
Navios Amaryllis [member] | Vessels Agreed To Be Sold [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2008 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 58,735 | ||||||||||||||||||||||||||||
Vessel type | Ultra-Handymax | ||||||||||||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 15,100 | ||||||||||||||||||||||||||||
Date of sale | January 26, 2023 | ||||||||||||||||||||||||||||
Navios Jupiter N [Member] | Vessels Agreed To Be Sold [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2011 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 93,062 | ||||||||||||||||||||||||||||
Vessel type | Post-Panamax | ||||||||||||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 16,425 | ||||||||||||||||||||||||||||
Date of sale | February 3, 2023 | ||||||||||||||||||||||||||||
Nave Polaris [Member] | Vessels Agreed To Be Sold [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2011 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 25,145 | ||||||||||||||||||||||||||||
Vessel type | Chemical Tanker | ||||||||||||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 14,650 | ||||||||||||||||||||||||||||
Date of sale | January 24, 2023 | ||||||||||||||||||||||||||||
Nave Cosmos [Member] | Vessels Agreed To Be Sold [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2010 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 25,130 | ||||||||||||||||||||||||||||
Vessel type | Chemical Tanker | ||||||||||||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 13,600 | ||||||||||||||||||||||||||||
Date of sale | January 9, 2023 | ||||||||||||||||||||||||||||
Star N [Member] | Vessels Agreed To Be Sold [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2009 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 37,836 | ||||||||||||||||||||||||||||
Vessel type | MR1 Product Tanker | ||||||||||||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 18,100 | ||||||||||||||||||||||||||||
Date of sale | January 26, 2023 | ||||||||||||||||||||||||||||
Nave Dorado [Member] | Vessels Agreed To Be Sold [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Vessel year built | 2005 | ||||||||||||||||||||||||||||
Vessel capacity in DWT | 47,999 | ||||||||||||||||||||||||||||
Vessel type | MR2 Product Tanker | ||||||||||||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 15,625 | ||||||||||||||||||||||||||||
Date of sale | January 17, 2023 | ||||||||||||||||||||||||||||
Nave Cosmos, Nave Polaris, Jupiter N and Navios Prosperity I [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Asset Impairment Charges | $ 7,913 | ||||||||||||||||||||||||||||
Eight Vessels Sold [Member] | |||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | 121,080 | ||||||||||||||||||||||||||||
Dry dock and special survey costs, net | 806 | ||||||||||||||||||||||||||||
Property, Plant and Equipment, Net | $ 87,455 |
Intangible Assets and Liabili_3
Intangible Assets and Liabilities - Intangible assets, Favorable Lease (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Finite-Lived Intangible Assets [Line Items] | |||
Beginning balance | $ 78,716 | ||
Ending balance | 60,431 | $ 78,716 | |
Cost [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Beginning balance | 211,644 | 195,854 | $ 83,716 |
Additions/ (Amortization) | 0 | 15,790 | 112,138 |
Ending balance | 211,644 | 211,644 | 195,854 |
Accumutaled Amortization [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Beginning balance | (132,928) | (95,432) | (81,716) |
Additions/ (Amortization) | (18,285) | (37,496) | (13,716) |
Ending balance | (151,213) | (132,928) | (95,432) |
Net Book Value [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Beginning balance | 78,716 | 100,422 | 2,000 |
Additions/ (Amortization) | (18,285) | (21,706) | 98,422 |
Ending balance | $ 60,431 | $ 78,716 | $ 100,422 |
Intangible Assets and Liabili_4
Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
2024 | $ 18,120 | |
2025 | 14,251 | |
2026 | 8,215 | |
2027 | 4,982 | |
2028 | 4,982 | |
2029 and thereafter | 9,881 | |
Total | $ 60,431 | $ 78,716 |
Intangible Assets And Liabili_5
Intangible Assets And Liabilities - Intangible Liabilities, Unfavorable Lease (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Cost [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Beginning balance | $ 231,407 | $ 231,019 |
Amortization | 0 | 388 |
Ending balance | 231,407 | 231,407 |
Accumulated Depreciation [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Beginning balance | (183,501) | (108,538) |
Amortization | (19,922) | (74,963) |
Ending balance | (203,423) | (183,501) |
Net Book Value [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Beginning balance | 47,906 | 122,481 |
Amortization | (19,922) | (74,575) |
Ending balance | $ 27,984 | $ 47,906 |
Intangible Assets And Liabili_6
Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Aug. 25, 2021 | Mar. 31, 2021 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
2024 | $ 12,718 | |||
2025 | 11,680 | |||
2026 | 3,586 | |||
2027 | 0 | |||
2028 | 0 | |||
2029 and thereafter | 0 | |||
Total | $ 27,984 | $ 47,906 | $ 6,529 | $ 224,490 |
Intangible assets and liabili_7
Intangible assets and liabilities (Details Narrative) | 12 Months Ended |
Dec. 31, 2023 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Amortization method | straight line |
Remaining favorable lease terms | 4 years 10 months 24 days |
Amortization method | straight line |
Remaining unfavorable lease terms | 2 years 3 months 18 days |
Accounts payable (Details)
Accounts payable (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Accounts Payable | ||
Creditors | $ 17,097 | $ 16,758 |
Brokers | 6,918 | 8,598 |
Professional and legal fees | 1,473 | 1,761 |
Total accounts payable | $ 25,488 | $ 27,117 |
Accrued expenses (Details)
Accrued expenses (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Accrued Expenses | ||
Accrued voyage expenses | $ 10,641 | $ 5,742 |
Accrued loan interest | 7,420 | 8,297 |
Accrued legal and professional fees | 5,547 | 2,010 |
Total accrued expenses | $ 23,608 | $ 16,049 |
Accrued expenses (Details Narra
Accrued expenses (Details Narrative) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Accrued professional expenses | $ 5,547 | $ 2,010 | |
Directors and Officers | Accrued expenses [Member] | |||
Accrued professional expenses | 4,016 | 675 | |
General and Administrative Expense [Member] | Directors and Officers [Member] | |||
Professional Fees | $ 9,855 | $ 7,605 | $ 5,738 |
Borrowings (Details)
Borrowings (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Debt Disclosure [Abstract] | ||
Credit facilities | $ 908,288 | $ 874,038 |
Financial liabilities | 502,275 | 695,934 |
Finance lease liabilities | 468,414 | 389,007 |
Total borrowings | 1,878,977 | 1,958,979 |
Less: Current portion of long-term borrowings, net | (285,036) | (391,095) |
Less: Deferred finance costs, net | (17,514) | (13,532) |
Long-term borrowings, net | $ 1,576,427 | $ 1,554,352 |
Borrowings - Credit Facilitie_4
Borrowings - Credit Facilities (Narrative I) (Details Narrative) $ in Thousands | 1 Months Ended | 2 Months Ended | 4 Months Ended | 6 Months Ended | 8 Months Ended | 9 Months Ended | 11 Months Ended | 12 Months Ended | |||||||||||||||
Jan. 09, 2023 USD ($) | Jan. 31, 2023 USD ($) | Jan. 23, 2023 USD ($) | Feb. 16, 2023 USD ($) | May 03, 2023 USD ($) | May 02, 2023 | Apr. 25, 2023 USD ($) | Apr. 21, 2023 USD ($) | Apr. 19, 2023 | May 11, 2022 USD ($) | May 08, 2019 USD ($) | Jun. 16, 2023 USD ($) | Jun. 30, 2022 USD ($) | Sep. 09, 2022 USD ($) | Aug. 20, 2021 USD ($) | Oct. 10, 2019 USD ($) | Dec. 15, 2023 USD ($) | Nov. 30, 2023 USD ($) | Nov. 30, 2022 USD ($) | Dec. 15, 2021 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 28, 2018 | |
Debt Instrument [Line Items] | |||||||||||||||||||||||
Long-Term Debt | $ 1,393,049 | $ 1,556,440 | |||||||||||||||||||||
Long-Term Line of Credit | 908,288 | $ 874,038 | |||||||||||||||||||||
Total Borrowings [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Long-Term Debt | $ 1,861,463 | ||||||||||||||||||||||
NIBC Credit Facility [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Line of Credit Facility, Initiation Date | Dec. 28, 2018 | ||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 28,500 | ||||||||||||||||||||||
Number of loan tranches | 3 | ||||||||||||||||||||||
Long-Term Debt, Description | to refinance three Ultra-Handymax vessels, previously included in the Term Loan B collateral package | ||||||||||||||||||||||
Number of vessels released as collateral | 1 | ||||||||||||||||||||||
Description of collateral | one other Handymax vessel | ||||||||||||||||||||||
Prepayments of debt | $ 4,214 | $ 10,380 | |||||||||||||||||||||
NIBC Credit Facility [Member] | First Tranche [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Proceeds from Lines of Credit | $ 11,915 | ||||||||||||||||||||||
NIBC Credit Facility [Member] | Two Remaining Tranches [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Proceeds from Lines of Credit | $ 13,475 | ||||||||||||||||||||||
Skandinaviska Enskilda $55 million Credit Facility [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Line of Credit Facility, Initiation Date | Jun. 29, 2022 | ||||||||||||||||||||||
Long-Term Debt, Description | to refinance the existing indebtedness of four of its vessels and for general corporate purposes | ||||||||||||||||||||||
Proceeds from Lines of Credit | $ 55,000 | ||||||||||||||||||||||
Long-Term Line of Credit | $ 43,240 | ||||||||||||||||||||||
Maturity date | second quarter of 2027 | ||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Compounded SOFR | ||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.25% | ||||||||||||||||||||||
Skandinaviska Enskilda $65 million Credit Facility [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Long-Term Debt, Description | to refinance the existing indebtedness of five of its tanker vessels and for general corporate purposes | ||||||||||||||||||||||
Proceeds from Lines of Credit | $ 65,000 | ||||||||||||||||||||||
Long-Term Line of Credit | $ 61,100 | ||||||||||||||||||||||
Maturity date | second quarter of 2028 | ||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Compounded SOFR | ||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2% | ||||||||||||||||||||||
Hellenic Bank Credit Facility $25,235 [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Line of Credit Facility, Initiation Date | May 09, 2022 | ||||||||||||||||||||||
Long-Term Debt, Description | to refinance the existing indebtedness of five of its vessels and for working capital purposes | ||||||||||||||||||||||
Proceeds from Lines of Credit | $ 25,235 | ||||||||||||||||||||||
Prepayments of debt | $ 3,700 | ||||||||||||||||||||||
Long-Term Line of Credit | $ 15,505 | ||||||||||||||||||||||
Maturity date | second quarter of 2027 | ||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | SOFR | ||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.50% | ||||||||||||||||||||||
HCOB $210m Credit Facility [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Line of Credit Facility, Initiation Date | Sep. 05, 2022 | ||||||||||||||||||||||
Long-Term Debt, Description | to refinance the existing indebtness of 20 of its vessels and for working capital purposes | ||||||||||||||||||||||
Proceeds from Lines of Credit | $ 210,000 | ||||||||||||||||||||||
Prepayments of debt | $ 8,885 | $ 10,239 | $ 5,297 | ||||||||||||||||||||
Long-Term Line of Credit | $ 144,201 | ||||||||||||||||||||||
Maturity date | second quarter of 2025 | ||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Compounded SOFR | ||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.50% | ||||||||||||||||||||||
First-Citizens Bank & Trust Company [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Line of Credit Facility, Initiation Date | Dec. 21, 2022 | ||||||||||||||||||||||
Proceeds from Lines of Credit | $ 44,200 | ||||||||||||||||||||||
Long-Term Line of Credit | $ 39,700 | ||||||||||||||||||||||
Maturity date | first quarter of 2028 | ||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | ||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 1.95% | ||||||||||||||||||||||
Description of scope, credit facility | to refinance the existing indebtedness of three of its tanker vessels and for general corporate purposes | ||||||||||||||||||||||
DNB $18m Credit Facility [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Line of Credit Facility, Initiation Date | Aug. 19, 2021 | ||||||||||||||||||||||
Long-Term Debt, Description | to finance part of the acquisition cost of the Navios Azimuth | ||||||||||||||||||||||
Proceeds from Lines of Credit | $ 18,000 | ||||||||||||||||||||||
Long-Term Line of Credit | $ 12,240 | ||||||||||||||||||||||
Maturity date | third quarter of 2026 | ||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Compounded SOFR plus a credit adjustment spread plus a margin (ranging from 280 bps to 290 bps per annum depending on the emission efficiency ratio of the vessels as defined in the loan agreement) | ||||||||||||||||||||||
DNB $72.71m Credit Facility [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Line of Credit Facility, Initiation Date | Dec. 13, 2021 | ||||||||||||||||||||||
Long-Term Debt, Description | for the refinancing of the existing credit facilities of three tanker vessels and two dry bulk vessels | ||||||||||||||||||||||
Proceeds from Lines of Credit | $ 72,710 | ||||||||||||||||||||||
Prepayments of debt | $ 37,075 | ||||||||||||||||||||||
Long-Term Line of Credit | $ 19,070 | ||||||||||||||||||||||
Maturity date | fourth quarter of 2026 | ||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Compounded SOFR plus a credit adjustment spread plus a margin (ranging from 270 bps to 280 bps per annum depending on the emission efficiency ratio of the vessels as defined in the loan agreement) | ||||||||||||||||||||||
DNB (UK) and Export-Import Bank of China $161,600 million Credit Facility [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 161,600 | ||||||||||||||||||||||
Maturity date | ten years after drawdown | ||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Compounded SOFR | ||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 1.70% | ||||||||||||||||||||||
Description of scope, credit facility | to finance part of the contract price of four newbuilding containerships, currently under construction | ||||||||||||||||||||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 161,600 | ||||||||||||||||||||||
KFW $165,638 million Credit Facility [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Line of Credit Facility, Initiation Date | Sep. 30, 2022 | ||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 86,240 | ||||||||||||||||||||||
Long-Term Debt, Description | to finance part of the acquisition cost of two newbuilding containerships | ||||||||||||||||||||||
Proceeds from Lines of Credit | $ 43,120 | ||||||||||||||||||||||
Long-Term Line of Credit | $ 43,120 | ||||||||||||||||||||||
Maturity date | seven years after the drawdown date | ||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Compounded SOFR | ||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2% | ||||||||||||||||||||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 43,120 | ||||||||||||||||||||||
KFW $165,638 million Credit Facility [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 165,638 | ||||||||||||||||||||||
Proceeds from Lines of Credit | 84,781 | ||||||||||||||||||||||
Long-Term Line of Credit | 84,781 | ||||||||||||||||||||||
Maturity date | 12 years | ||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Compounded SOFR | ||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 1.50% | ||||||||||||||||||||||
Description of scope, credit facility | to finance the acquisition cost of two newbuilding 7,700 TEU containerships, currently under construction | ||||||||||||||||||||||
Line of Credit Facility, Remaining Borrowing Capacity | 80,857 | ||||||||||||||||||||||
Eurobank S.A. [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Proceeds from Lines of Credit | $ 30,000 | ||||||||||||||||||||||
Long-Term Line of Credit | $ 28,200 | ||||||||||||||||||||||
Maturity date | second quarter of 2028 | ||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | SOFR | ||||||||||||||||||||||
Description of scope, credit facility | to refinance the existing indebtedness of three of its tanker vessels and for general corporate purposes | ||||||||||||||||||||||
Eurobank S.A. [Member] | Any part of the loan (up to 70%) [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 1% | ||||||||||||||||||||||
Eurobank S.A. [Member] | Remaining amount [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.25% |
Borrowings - Credit Facilitie_5
Borrowings - Credit Facilities (Narrative II) (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 | 8 Months Ended | 10 Months Ended | 12 Months Ended | ||||||||||||||||||
Jan. 05, 2022 USD ($) | Feb. 02, 2023 USD ($) | Jan. 31, 2023 USD ($) | Feb. 28, 2023 USD ($) | Mar. 31, 2022 USD ($) | Mar. 30, 2021 USD ($) | Apr. 30, 2023 USD ($) | Apr. 26, 2023 USD ($) | May 10, 2021 USD ($) | Jun. 12, 2023 USD ($) | May 31, 2023 USD ($) | Jun. 30, 2023 USD ($) | Jun. 28, 2023 USD ($) | Jun. 21, 2023 USD ($) | Jun. 20, 2023 USD ($) | Jun. 16, 2023 USD ($) | Jun. 18, 2021 USD ($) | Jun. 27, 2019 USD ($) | Jul. 31, 2023 USD ($) | Aug. 31, 2021 USD ($) | Aug. 23, 2021 USD ($) | Aug. 31, 2019 USD ($) | Oct. 31, 2022 USD ($) | Oct. 31, 2019 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 07, 2021 USD ($) | Jun. 30, 2020 USD ($) | |
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Long-Term Line of Credit | $ 908,288 | $ 874,038 | ||||||||||||||||||||||||||
BNP PARIBAS $40m Credit Facility [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Line of Credit Facility, Initiation Date | Apr. 28, 2021 | |||||||||||||||||||||||||||
Proceeds from Lines of Credit | $ 40,000 | |||||||||||||||||||||||||||
Long-Term Debt, Description | to refinance the existing credit facility dated June 26, 2017, as amended on April 9, 2019 and to finance the acquisition of two 2012 built 2,782 TEU containerships. | |||||||||||||||||||||||||||
Maturity date | second quarter of 2025 | |||||||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | |||||||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.85% | |||||||||||||||||||||||||||
Prepayments of debt | $ 6,363 | $ 6,441 | ||||||||||||||||||||||||||
Repayments of Debt | $ 16,651 | |||||||||||||||||||||||||||
BNP Paribas $40 million Credit Facility 2023 [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Maturity date | second quarter of 2026 | |||||||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Compounded SOFR | |||||||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.50% | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 40,000 | |||||||||||||||||||||||||||
Description of scope, credit facility | to refinance the existing indebtedness of nine of its containerships | |||||||||||||||||||||||||||
Long-Term Line of Credit | $ 35,834 | |||||||||||||||||||||||||||
BNP Paribas, Credit Agricole Corporate and Investment Bank and First-Citizens & Trust Company $107,600 million Credit Facility [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Maturity date | second quarter of 2026 | |||||||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Compounded SOFR | |||||||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.50% | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 107,600 | |||||||||||||||||||||||||||
Description of scope, credit facility | to refinance the existing indebtedness of ten of its vessels and for general corporate purposes. On June 26, 2023, the full amount was drawn. As of December 31, 2023, the total outstanding balance was $ | |||||||||||||||||||||||||||
Long-Term Line of Credit | $ 93,600 | |||||||||||||||||||||||||||
NBG $43 million Credit Facility [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Line of Credit Facility, Initiation Date | Jun. 17, 2021 | |||||||||||||||||||||||||||
Proceeds from Lines of Credit | $ 43,000 | |||||||||||||||||||||||||||
Long-Term Debt, Description | to refinance the existing credit facilities of six dry bulk vessels | |||||||||||||||||||||||||||
Prepayments of debt | $ 9,517 | $ 19,079 | $ 6,019 | |||||||||||||||||||||||||
NBG $77,822 million Credit Facility [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Maturity date | second quarter of 2028 | |||||||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | SOFR | |||||||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.15% | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 77,822 | |||||||||||||||||||||||||||
Description of scope, credit facility | to refinance the existing indebtedness of ten of its vessels and for general corporate purposes | |||||||||||||||||||||||||||
Long-Term Line of Credit | $ 72,822 | |||||||||||||||||||||||||||
CACIB $52,800 million Credit Facility [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Line of Credit Facility, Initiation Date | Jul. 04, 2019 | |||||||||||||||||||||||||||
Long-Term Debt, Description | to refinance three Capesize vessels and one Panamax vessel, previously included in the Term Loan B collateral package | |||||||||||||||||||||||||||
Maturity date | second quarter of 2025 | |||||||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | |||||||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.75% | |||||||||||||||||||||||||||
Prepayments of debt | $ 11,404 | |||||||||||||||||||||||||||
Repayments of Debt | 21,896 | |||||||||||||||||||||||||||
Number of loan tranches | 4 | |||||||||||||||||||||||||||
Number of vessels released as collateral | 1 | |||||||||||||||||||||||||||
CACIB $52,800 million Credit Facility [Member] | Tranche A, B and C [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Proceeds from Lines of Credit | $ 36,516 | |||||||||||||||||||||||||||
CACIB $52,800 million Credit Facility [Member] | Tranche D[Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Proceeds from Lines of Credit | $ 16,284 | |||||||||||||||||||||||||||
CACIB $58,000 million Credit Facility [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Line of Credit Facility, Initiation Date | Mar. 23, 2021 | |||||||||||||||||||||||||||
Proceeds from Lines of Credit | $ 58,000 | |||||||||||||||||||||||||||
Long-Term Debt, Description | to refinance the CACIB credit facility dated September 28, 2020 and to partially finance the acquisition of the Navios Centaurus and the Navios Avior | |||||||||||||||||||||||||||
Maturity date | first quarter of 2026 | |||||||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | |||||||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 3% | |||||||||||||||||||||||||||
Repayments of Debt | 44,400 | |||||||||||||||||||||||||||
CACIB $62,400 million Credit Facility [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Maturity date | second quarter of 2026 | |||||||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | SOFR | |||||||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.50% | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 62,400 | |||||||||||||||||||||||||||
Description of scope, credit facility | to refinance existing indebtedness of seven of its dry bulk vessels | |||||||||||||||||||||||||||
Long-Term Line of Credit | $ 56,900 | |||||||||||||||||||||||||||
ABN $55m Credit Facility [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Line of Credit Facility, Initiation Date | Mar. 28, 2022 | |||||||||||||||||||||||||||
Proceeds from Lines of Credit | $ 55,000 | |||||||||||||||||||||||||||
Long-Term Debt, Description | to refinance the existing indebtedness of three of its vessels and for general corporate purposes | |||||||||||||||||||||||||||
Maturity date | first quarter of 2027 | |||||||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Compounded SOFR | |||||||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.25% | |||||||||||||||||||||||||||
Long-Term Line of Credit | $ 43,100 | |||||||||||||||||||||||||||
BNP Paribas [Member] | Upon completion of the NMCI Merger [member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Line of Credit Facility, Initiation Date | Jun. 26, 2019 | |||||||||||||||||||||||||||
Proceeds from Lines of Credit | $ 48,750 | |||||||||||||||||||||||||||
Long-Term Debt, Description | to refinance the existing facilities of seven containerships | |||||||||||||||||||||||||||
Maturity date | second quarter | |||||||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | |||||||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 3% | |||||||||||||||||||||||||||
Prepayments of debt | 22,005 | |||||||||||||||||||||||||||
Discount | $ 405 | |||||||||||||||||||||||||||
BNP Paribas $96m Loan Facility [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Long-Term Debt, Description | to partially refinance the existing indebtedness of five tanker vessels | |||||||||||||||||||||||||||
Maturity date | third quarter of 2025 | |||||||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | |||||||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.85% | |||||||||||||||||||||||||||
Prepayments of debt | $ 5,685 | $ 16,618 | 42,196 | $ 5,600 | ||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 96,000 | |||||||||||||||||||||||||||
Line of credit facility issuance date | August 2021 | |||||||||||||||||||||||||||
Description of collateral | one container vessel | |||||||||||||||||||||||||||
HCOB, Alpha Bank S.A. and NBG $190,216 Loan Facility [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Long-Term Debt, Description | to partially refinance the existing indebtedness of seven tanker vessels | |||||||||||||||||||||||||||
Maturity date | second quarter of 2025 | |||||||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Compounded SOFR plus margin ranging from 290 to 350 bps per annum | |||||||||||||||||||||||||||
Prepayments of debt | $ 11,440 | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 190,216 | |||||||||||||||||||||||||||
Long-Term Line of Credit | $ 114,875 | |||||||||||||||||||||||||||
Line of credit facility issuance date | August 2021 | |||||||||||||||||||||||||||
Description of collateral | two container vessels were added as collaterals | |||||||||||||||||||||||||||
Eurobank Ergasias S.A. $20.8m Loan Facility [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Long-Term Debt, Description | to refinance two LR1s | |||||||||||||||||||||||||||
Maturity date | second quarter of 2024 | |||||||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR plus 300 bps per annum | |||||||||||||||||||||||||||
Prepayments of debt | $ 6,000 | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 20,800 | |||||||||||||||||||||||||||
Line of credit facility issuance date | June 2020 | |||||||||||||||||||||||||||
CACIB and BNPP $105m Credit Facility [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Proceeds from Lines of Credit | $ 105,000 | |||||||||||||||||||||||||||
Long-Term Debt, Description | for the refinancing of seven of its vessels | |||||||||||||||||||||||||||
Maturity date | fourth quarter of 2024 | |||||||||||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | |||||||||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.85% | |||||||||||||||||||||||||||
Prepayments of debt | $ 65,340 | |||||||||||||||||||||||||||
Repayments of Debt | $ 10,260 | |||||||||||||||||||||||||||
Line of credit facility issuance date | December 2021 |
Borrowings - Financial Liabil_4
Borrowings - Financial Liabilities (Narrative I) (Details Narrative) $ in Thousands | 3 Months Ended | 6 Months Ended | 7 Months Ended | 8 Months Ended | 11 Months Ended | 12 Months Ended | ||
Apr. 11, 2019 USD ($) | Jun. 28, 2021 USD ($) | Jul. 24, 2019 USD ($) | Aug. 25, 2021 USD ($) | Dec. 07, 2022 USD ($) | Dec. 31, 2023 USD ($) | Oct. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | |
Sale Leaseback Transaction [Line Items] | ||||||||
Finance Lease, Liability | $ 468,414 | $ 389,007 | ||||||
Financial Liabilities [Member] | Navios Fantastiks and Navios Beaufiks [Member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Sale Leaseback Transaction, Date | December 2018 | |||||||
Finance lease, liability | $ 25,000 | |||||||
Financial Liabilities [Member] | Navios Beaufiks [member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Purchase Obligation | $ 6,528 | |||||||
Financial Liabilities [Member] | Navios Fantastiks [member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Maturity date | third quarter of 2024 | |||||||
Finance Lease, Liability | $ 7,239 | |||||||
Financial Liabilities [Member] | Navios Sol [Member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Sale Leaseback Transaction, Date | April 5, 2019 | |||||||
Finance lease, liability | $ 20,000 | |||||||
Maturity date | second quarter of 2029 | |||||||
Finance Lease, Liability | $ 14,334 | |||||||
Vessel year built | 2009 | |||||||
Vessel type | Capesize | |||||||
Vessel capacity in DWT | 180,274 | |||||||
Proceeds from Lines of Credit | $ 20,000 | |||||||
Financial Liabilities [Member] | Navios Ace [Member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Sale Leaseback Transaction, Date | July 2, 2019 | |||||||
Finance lease, liability | $ 22,000 | |||||||
Maturity date | third quarter of 2030 | |||||||
Finance Lease, Liability | $ 16,505 | |||||||
Vessel year built | 2011 | |||||||
Vessel type | Capesize | |||||||
Vessel capacity in DWT | 179,016 | |||||||
Proceeds from Lines of Credit | $ 22,000 | |||||||
Financial Liabilities [Member] | Navios Bonavis [member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Sale Leaseback Transaction, Date | June 2021 | |||||||
Finance lease, liability | $ 15,000 | |||||||
Maturity date | second quarter of 2027 | |||||||
Finance Lease, Liability | $ 10,999 | |||||||
Vessel year built | 2009 | |||||||
Vessel type | Capesize | |||||||
Vessel capacity in DWT | 180,022 | |||||||
Proceeds from Lines of Credit | $ 15,000 | |||||||
Financial Liabilities [Member] | Navios Ray [member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Sale Leaseback Transaction, Date | June 2021 | |||||||
Finance lease, liability | $ 18,500 | |||||||
Maturity date | second quarter of 2030 | |||||||
Finance Lease, Liability | $ 15,148 | |||||||
Vessel year built | 2012 | |||||||
Vessel type | Capesize | |||||||
Vessel capacity in DWT | 179,515 | |||||||
Proceeds from Lines of Credit | $ 18,500 | |||||||
Financial Liabilities [Member] | Navios Pollux [Member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Sale Leaseback Transaction, Date | August 16, 2021 | |||||||
Finance lease, liability | $ 15,000 | |||||||
Maturity date | third quarter of 2027 | |||||||
Finance Lease, Liability | $ 11,277 | |||||||
Vessel year built | 2009 | |||||||
Vessel type | Capesize | |||||||
Vessel capacity in DWT | 180,727 | |||||||
Proceeds from Lines of Credit | $ 15,000 | |||||||
Financial Liabilities [Member] | Navios Primavera [member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Sale Leaseback Transaction, Date | December 20, 2021 | |||||||
Finance lease, liability | $ 25,264 | |||||||
Maturity date | third quarter of 2032 | |||||||
Finance Lease, Liability | $ 23,318 | |||||||
Vessel type | Kamsarmax | |||||||
Vessel capacity in DWT | 82,003 | |||||||
Date of delivery | July 2022 | |||||||
Financial Liabilities [Member] | Twelve Containerships [Member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Sale Leaseback Transaction, Date | October 2022 | |||||||
Finance lease, liability | $ 100,000 | |||||||
Finance Lease, Liability | $ 67,450 | |||||||
Drawn down date | October 31, 2022 | |||||||
Discount | $ 800 | |||||||
Debt Instrument, Description of Variable Rate Basis | SOFR | |||||||
Debt Instrument, Basis Spread on Variable Rate | 2.10% | |||||||
Financial Liabilities [Member] | Navios Alegria [member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Sale Leaseback Transaction, Date | November 15, 2022 | |||||||
Finance lease, liability | $ 24,000 | |||||||
Maturity date | fourth quarter of 2032 | |||||||
Finance Lease, Liability | $ 21,441 | |||||||
Vessel year built | 2016 | |||||||
Vessel type | Kamsarmax | |||||||
Vessel capacity in DWT | 84,852 | |||||||
Proceeds from Lines of Credit | $ 24,000 | |||||||
Debt Instrument, Description of Variable Rate Basis | SOFR | |||||||
Debt Instrument, Basis Spread on Variable Rate | 2.11% |
Borrowings - Financial Liabil_5
Borrowings - Financial Liabilities (Narrative II) (Details Narrative) $ in Thousands | 2 Months Ended | 5 Months Ended | 7 Months Ended | 9 Months Ended | 10 Months Ended | 11 Months Ended | 12 Months Ended | ||||||||||
Mar. 09, 2023 USD ($) | Feb. 28, 2023 USD ($) | Mar. 13, 2020 USD ($) | May 31, 2023 USD ($) | Jul. 31, 2021 USD ($) | Sep. 30, 2022 USD ($) | Oct. 31, 2023 USD ($) | Oct. 31, 2022 USD ($) | Nov. 30, 2023 USD ($) | Nov. 16, 2023 USD ($) | Dec. 15, 2022 USD ($) | Dec. 31, 2023 USD ($) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) | Nov. 09, 2018 USD ($) | Aug. 29, 2018 USD ($) | Jun. 29, 2018 USD ($) | |
Sale Leaseback Transaction [Line Items] | |||||||||||||||||
Finance Lease, Liability | $ 468,414 | $ 389,007 | |||||||||||||||
Financial Liabilities [Member] | Navios Sagittarius [member] | |||||||||||||||||
Sale Leaseback Transaction [Line Items] | |||||||||||||||||
Sale Leaseback Transaction, Date | December 5, 2022 | ||||||||||||||||
Finance lease, liability | $ 10,500 | ||||||||||||||||
Vessel year built | 2006 | ||||||||||||||||
Vessel type | Panamax | ||||||||||||||||
Vessel capacity in DWT | 75,756 | ||||||||||||||||
Proceeds from Lines of Credit | $ 10,500 | ||||||||||||||||
Maturity date | fourth quarter of 2026 | ||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | ||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.41% | ||||||||||||||||
Finance Lease, Liability | $ 8,469 | ||||||||||||||||
Financial Liabilities [Member] | Navios Meridian [member] | |||||||||||||||||
Sale Leaseback Transaction [Line Items] | |||||||||||||||||
Sale Leaseback Transaction, Date | January 28, 2022 | ||||||||||||||||
Finance lease, liability | $ 27,440 | ||||||||||||||||
Vessel type | Kamsarmax | ||||||||||||||||
Vessel capacity in DWT | 82,010 | ||||||||||||||||
Maturity date | first quarter of 2033 | ||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | ||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 1.91% | ||||||||||||||||
Finance Lease, Liability | $ 25,763 | ||||||||||||||||
Financial Liabilities [Member] | Navios Felix [member] | |||||||||||||||||
Sale Leaseback Transaction [Line Items] | |||||||||||||||||
Finance lease, liability | $ 32,000 | ||||||||||||||||
Vessel year built | 2016 | ||||||||||||||||
Vessel type | Capesize | ||||||||||||||||
Vessel capacity in DWT | 181,221 | ||||||||||||||||
Proceeds from Lines of Credit | $ 32,000 | ||||||||||||||||
Maturity date | first quarter of 2033 | ||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | ||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.11% | ||||||||||||||||
Finance Lease, Liability | 29,396 | ||||||||||||||||
Financial Liabilities [Member] | Two new building 5,300 TEU containerships and two newbuilding Aframax/ LR2 tanker vessels [Member] | |||||||||||||||||
Sale Leaseback Transaction [Line Items] | |||||||||||||||||
Finance lease, liability | $ 178,000 | ||||||||||||||||
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% | ||||||||||||||||
Financial Liabilities [Member] | Navios Horizon I [member] | |||||||||||||||||
Sale Leaseback Transaction [Line Items] | |||||||||||||||||
Finance lease, liability | $ 22,800 | ||||||||||||||||
Proceeds from Lines of Credit | $ 22,800 | ||||||||||||||||
Maturity date | fourth quarter of 2035 | ||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | ||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.20% | ||||||||||||||||
Finance Lease, Liability | 22,511 | ||||||||||||||||
Financial Liabilities [Member] | Two newbuilding 5,300 TEU containerships and two newbuilding Aframax/ LR2 tanker vessels [Member] | |||||||||||||||||
Sale Leaseback Transaction [Line Items] | |||||||||||||||||
Finance lease, liability | $ 175,600 | ||||||||||||||||
Maturity date | ten | ||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | ||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2% | ||||||||||||||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 175,600 | ||||||||||||||||
Minsheg Financial Leasing Co. Ltd [Member] | Upon completion of the NMCI Merger [member] | |||||||||||||||||
Sale Leaseback Transaction [Line Items] | |||||||||||||||||
Sale Leaseback Transaction, Date | May 25, 2018 | ||||||||||||||||
Finance lease, liability | $ 119,000 | ||||||||||||||||
Vessel year built | 2008 | ||||||||||||||||
Vessel type | container | ||||||||||||||||
Sale and Leaseback Transaction Description | to refinance the outstanding balance of the existing facilities of 18 containerships | ||||||||||||||||
Vessel capacity in TEU | 4,250 | ||||||||||||||||
Prepayment of Sale and Leaseback Transaction | $ 4,778 | $ 46,365 | |||||||||||||||
Number of vessels released as collateral | 12 | ||||||||||||||||
Purchase Obligation | $ 3,251 | ||||||||||||||||
Minsheg Financial Leasing Co. Ltd [Member] | Upon Completion of the NMCI Merger | First six vessels [Member] | |||||||||||||||||
Sale Leaseback Transaction [Line Items] | |||||||||||||||||
Finance Lease, Liability | $ 37,500 | ||||||||||||||||
Minsheg Financial Leasing Co. Ltd [Member] | Upon Completion of the NMCI Merger | Four additional vessels [Member] | |||||||||||||||||
Sale Leaseback Transaction [Line Items] | |||||||||||||||||
Finance Lease, Liability | $ 26,000 | ||||||||||||||||
Minsheg Financial Leasing Co. Ltd [Member] | Upon Completion of the NMCI Merger | Last four additional vessels [Member] | |||||||||||||||||
Sale Leaseback Transaction [Line Items] | |||||||||||||||||
Finance Lease, Liability | $ 26,700 | ||||||||||||||||
Minsheg Financial Leasing Co. Ltd $119,060 [Member] | Upon completion of the NMCI Merger [member] | |||||||||||||||||
Sale Leaseback Transaction [Line Items] | |||||||||||||||||
Sale Leaseback Transaction, Date | March 11, 2020 | ||||||||||||||||
Finance Lease, Liability | $ 51,636 | ||||||||||||||||
Sale and Leaseback Transaction Description | to refinance the existing credit facilities of two 8,204 TEU containerships and two 10,000 TEU containerships | ||||||||||||||||
Prepayment of Sale and Leaseback Transaction | $ 24,642 | ||||||||||||||||
Proceeds from Issuance of Debt | $ 119,060 | ||||||||||||||||
Discount | $ 1,191 | ||||||||||||||||
Minsheg Financial Leasing Co. Ltd $119,060 [Member] | Two 10,000 TEU Containerships [Member] | Upon completion of the NMCI Merger [member] | |||||||||||||||||
Sale Leaseback Transaction [Line Items] | |||||||||||||||||
Maturity date | March 2027 | ||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | ||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.25% |
Borrowings - Financial Liabil_6
Borrowings - Financial Liabilities (Narrative III) (Details Narrative) - USD ($) $ in Thousands | 1 Months Ended | 4 Months Ended | 5 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||||||
Jan. 31, 2023 | Apr. 30, 2023 | Apr. 30, 2021 | Apr. 30, 2018 | May 31, 2023 | May 31, 2022 | Jun. 30, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Jul. 31, 2022 | Feb. 28, 2022 | Dec. 31, 2021 | Nov. 30, 2021 | Jun. 30, 2020 | Feb. 29, 2020 | Nov. 30, 2019 | Oct. 31, 2019 | Aug. 31, 2019 | Mar. 31, 2018 | |
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Finance Lease, Liability | $ 468,414 | $ 389,007 | |||||||||||||||||
Upon Acquisition Of Navios Acquisition [Member] | Sale and Leaseback Agreements $71,500 [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | March 31, 2018 | ||||||||||||||||||
Finance Lease, Liability | $ 37,240 | $ 71,500 | |||||||||||||||||
Vessels financed | four product tankers | ||||||||||||||||||
Proceeds from Lines of Credit | $ 71,500 | ||||||||||||||||||
Maturity date | April 2029 | ||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | ||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 1.90% | ||||||||||||||||||
Upon Acquisition Of Navios Acquisition [Member] | Sale and Leaseback Agreements $103,155 [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | March and April 2019 | ||||||||||||||||||
Finance Lease, Liability | $ 103,155 | ||||||||||||||||||
Maturity date | March and April 2026 | ||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | ||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 3.50% | ||||||||||||||||||
Sale and Leaseback Transaction Description | to refinance $50,250 outstanding on the existing facility on three product tankers and to finance two product tankers | ||||||||||||||||||
Prepayment of Sale and Leaseback Transaction | $ 61,181 | ||||||||||||||||||
Upon Acquisition Of Navios Acquisition [Member] | Sale and Leaseback Agreements $15,000 [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | August 2019 | ||||||||||||||||||
Finance Lease, Liability | $ 6,719 | $ 15,000 | |||||||||||||||||
Vessels financed | one product tanker | ||||||||||||||||||
Maturity date | August 2024. | ||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | SOFR | ||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 4% | ||||||||||||||||||
Upon Acquisition Of Navios Acquisition [Member] | Sale and Leaseback Agreements $47,220 [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | September 2019 | ||||||||||||||||||
Finance Lease, Liability | $ 47,220 | ||||||||||||||||||
Vessels financed | three product tankers | ||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR plus a margin ranging from 350 bps to 360 bps per annum | ||||||||||||||||||
Prepayment of Sale and Leaseback Transaction | $ 26,898 | ||||||||||||||||||
Maturity date | September 2023 and September 2026 | ||||||||||||||||||
Upon Acquisition Of Navios Acquisition [Member] | Sale and Leaseback Agreements $90,811 [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | October 2019 | ||||||||||||||||||
Finance Lease, Liability | $ 90,811 | ||||||||||||||||||
Vessels financed | six product tankers | ||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR plus a margin ranging from 335 bps to 355 bps per annum | ||||||||||||||||||
Prepayment of Sale and Leaseback Transaction | $ 11,295 | $ 43,913 | |||||||||||||||||
Upon Acquisition Of Navios Acquisition [Member] | Sale and Leaseback Agreements $72,053 [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | June 2020 | ||||||||||||||||||
Finance Lease, Liability | $ 72,053 | ||||||||||||||||||
Vessels financed | one MR1, one MR2 and two LR1s | ||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR | ||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 3.90% | ||||||||||||||||||
Prepayment of Sale and Leaseback Transaction | $ 45,610 | $ 6,210 | 5,903 | ||||||||||||||||
Maturity date | June 2027 | ||||||||||||||||||
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Sale and Leaseback Agreements $33,000 [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | November 2019 | ||||||||||||||||||
Finance Lease, Liability | $ 22,250 | $ 33,000 | |||||||||||||||||
Vessels financed | a Capesize vessel | ||||||||||||||||||
Maturity date | first quarter of 2032 | ||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | ||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.11% | ||||||||||||||||||
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Sale and Leaseback Agreements $35,000 [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | February 2020 | ||||||||||||||||||
Finance Lease, Liability | $ 24,059 | $ 35,000 | |||||||||||||||||
Vessels financed | a Capesize vessel | ||||||||||||||||||
Maturity date | first quarter of 2032 | ||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | ||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.11% | ||||||||||||||||||
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Sale and Leaseback Agreements $19,000 - November 2021 [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | November 2021 | ||||||||||||||||||
Finance Lease, Liability | $ 15,452 | $ 19,000 | |||||||||||||||||
Vessels financed | a Capesize vessel | ||||||||||||||||||
Maturity date | fourth quarter of 2029 | ||||||||||||||||||
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Sale and Leaseback Agreements $19,000 - December 2021 I [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | December 2021 | ||||||||||||||||||
Finance Lease, Liability | $ 15,452 | $ 19,000 | |||||||||||||||||
Vessels financed | a Capesize vessel | ||||||||||||||||||
Maturity date | fourth quarter of 2029 | ||||||||||||||||||
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Sale and Leaseback Agreements $19,000 - December 2021 II [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | December 2021 | ||||||||||||||||||
Finance Lease, Liability | $ 13,857 | $ 19,000 | |||||||||||||||||
Vessels financed | a Capesize vessel | ||||||||||||||||||
Maturity date | first quarter of 2029 | ||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | ||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.11% | ||||||||||||||||||
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Sale and Leaseback Agreements $20,000 [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | December 2021 | ||||||||||||||||||
Finance Lease, Liability | $ 14,271 | $ 20,000 | |||||||||||||||||
Vessels financed | a Capesize vessel | ||||||||||||||||||
Maturity date | fourth quarter of 2027 | ||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | ||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 3.11% | ||||||||||||||||||
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Sale and Leaseback Agreements $12,000 [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | February 2022 | ||||||||||||||||||
Finance Lease, Liability | $ 8,339 | $ 12,000 | |||||||||||||||||
Vessels financed | a Panamax vessel | ||||||||||||||||||
Maturity date | first quarter of 2027 | ||||||||||||||||||
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Sale and Leaseback Agreements $22,000 [Member] | |||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||
Sale Leaseback Transaction, Date | July 2022 | ||||||||||||||||||
Finance Lease, Liability | $ 19,150 | $ 22,000 | |||||||||||||||||
Vessels financed | a Panamax vessel | ||||||||||||||||||
Maturity date | third quarter of 2032 | ||||||||||||||||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | ||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 1.66% |
Finance Lease Liabilities (Deta
Finance Lease Liabilities (Details Narrative) $ in Thousands | 3 Months Ended | 4 Months Ended | 6 Months Ended | 8 Months Ended | 12 Months Ended | |||
Mar. 29, 2023 | Apr. 27, 2023 | Jun. 21, 2023 | Aug. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Sep. 13, 2022 USD ($) | Jul. 29, 2022 USD ($) | |
Sale Leaseback Transaction [Line Items] | ||||||||
Finance Lease, Liability | $ 468,414 | $ 389,007 | ||||||
Finance Lease Liabilities [Member] | Navios Azalea [member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Date of delivery | November 17, 2022 | |||||||
Vessel year built | 2022 | |||||||
Vessel type | Capesize | |||||||
Vessel capacity in DWT | 182,064 | |||||||
Term of Contract | 15-year | |||||||
Lessee, Finance Lease, Discount Rate | 7% | |||||||
Finance Lease, Liability | $ 38,442 | |||||||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in 14 years. | |||||||
Finance Lease Liabilities [Member] | Navios Armonia [member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Date of delivery | September 21, 2022 | |||||||
Vessel year built | 2022 | |||||||
Vessel type | Capesize | |||||||
Vessel capacity in DWT | 182,079 | |||||||
Term of Contract | 15-year | |||||||
Lessee, Finance Lease, Discount Rate | 7% | |||||||
Finance Lease, Liability | $ 38,205 | |||||||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in 14 years. | |||||||
Finance Lease Liabilities [Member] | Navios Astra [member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Date of delivery | September 13, 2022 | |||||||
Vessel year built | 2022 | |||||||
Vessel type | Capesize | |||||||
Vessel capacity in DWT | 182,393 | |||||||
Term of Contract | 10-year | |||||||
Lessee, Finance Lease, Discount Rate | 7% | |||||||
Finance Lease, Liability | $ 39,620 | $ 42,781 | ||||||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in nine years. | |||||||
Finance Lease Liabilities [Member] | Navios Altair [member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Vessel year built | 2023 | |||||||
Vessel type | Capesize | |||||||
Vessel capacity in DWT | 182,115 | |||||||
Term of Contract | 15-year | |||||||
Lessee, Finance Lease, Discount Rate | 6.50% | |||||||
Finance Lease, Liability | $ 40,099 | |||||||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in 15 years. | |||||||
Finance Lease Liabilities [Member] | Navios Sakura [Member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Vessel year built | 2023 | |||||||
Vessel type | Capesize | |||||||
Vessel capacity in DWT | 182,169 | |||||||
Term of Contract | 15-year | |||||||
Lessee, Finance Lease, Discount Rate | 5.50% | |||||||
Finance Lease, Liability | 44,786 | |||||||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in 15 years. | |||||||
Finance Lease Liabilities [Member] | Navios Amenthyst [member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Vessel year built | 2023 | |||||||
Vessel type | Capesize | |||||||
Vessel capacity in DWT | 182,212 | |||||||
Term of Contract | 15-year | |||||||
Lessee, Finance Lease, Discount Rate | 5.40% | |||||||
Finance Lease, Liability | $ 59,066 | |||||||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in 15 years. | |||||||
Finance Lease Liabilities [Member] | Navios Horizon I [member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Vessel year built | 2019 | |||||||
Vessel type | Kamsarmax | |||||||
Vessel capacity in DWT | 81,692 | |||||||
Finance Lease, Right-of-Use Asset, after Accumulated Amortization | $ 27,561 | |||||||
Finance Lease Liabilities [Member] | Navios Magellan II [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Vessel year built | 2020 | |||||||
Vessel type | Kamsarmax | |||||||
Vessel capacity in DWT | 82,037 | |||||||
Term of Contract | eight-year | |||||||
Lessee, Finance Lease, Discount Rate | 6% | |||||||
Finance Lease, Liability | $ 17,861 | $ 19,385 | ||||||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in seven years. | |||||||
Finance Lease Liabilities [Member] | Navios Galaxy II [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Vessel year built | 2020 | |||||||
Vessel type | Kamsarmax | |||||||
Vessel capacity in DWT | 81,789 | |||||||
Term of Contract | eight-year | |||||||
Lessee, Finance Lease, Discount Rate | 6% | |||||||
Finance Lease, Liability | $ 15,899 | 17,702 | ||||||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in seven years. | |||||||
Finance Lease Liabilities [Member] | Navios Uranus [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||||
Sale Leaseback Transaction [Line Items] | ||||||||
Vessel year built | 2019 | |||||||
Vessel type | Kamsarmax | |||||||
Vessel capacity in DWT | 81,821 | |||||||
Term of Contract | seven-year | |||||||
Lessee, Finance Lease, Discount Rate | 6% | |||||||
Finance Lease, Liability | $ 15,828 | $ 17,607 | ||||||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in six years. |
Borrowings - Maturity of Long T
Borrowings - Maturity of Long Term Debt (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Debt Disclosure [Abstract] | ||
2024 | $ 290,709 | |
2025 | 481,799 | |
2026 | 280,452 | |
2027 | 186,175 | |
2028 | 158,253 | |
2029 and thereafter | 481,589 | |
Total borrowings | $ 1,878,977 | $ 1,958,979 |
Borrowings - Finance Lease Li_3
Borrowings - Finance Lease Liabilities (Narrative II) (Details Narrative) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Jul. 29, 2022 USD ($) | |
Sale Leaseback Transaction [Line Items] | ||||
Finance Lease, Liability | $ 468,414 | $ 389,007 | ||
Finance Lease, Interest Expense | 30,313 | 12,243 | $ 0 | |
Payments related to finance lease liabilities | $ 26,172 | $ 10,389 | ||
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 December 31, 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 | 7.20% | 5.30% | 4.10% | |
Navios Amber [Member] | ||||
Sale Leaseback Transaction [Line Items] | ||||
Increase in finance lease liability | $ 1,620 | |||
Finance Lease Liabilities [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Navios Felicity I [Member] | ||||
Sale Leaseback Transaction [Line Items] | ||||
Vessel year built | 2020 | |||
Vessel type | Kamsarmax | |||
Vessel capacity in DWT | 81,962 | |||
Term of Contract | seven-year | |||
Finance Lease, Liability | $ 16,128 | $ 17,473 | ||
Lessee, Finance Lease, Discount Rate | 6% | |||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in six years. | |||
Finance Lease Liabilities [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Navios Herakles II [Member] | ||||
Sale Leaseback Transaction [Line Items] | ||||
Vessel year built | 2019 | |||
Vessel type | Kamsarmax | |||
Vessel capacity in DWT | 82,036 | |||
Term of Contract | seven-year | |||
Finance Lease, Liability | $ 16,354 | 17,791 | ||
Lessee, Finance Lease, Discount Rate | 6% | |||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in six years. | |||
Finance Lease Liabilities [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Navios Coral [Member] | ||||
Sale Leaseback Transaction [Line Items] | ||||
Vessel year built | 2016 | |||
Vessel type | Kamsarmax | |||
Vessel capacity in DWT | 84,904 | |||
Term of Contract | three-year | |||
Finance Lease, Liability | $ 30,755 | 35,173 | ||
Lessee, Finance Lease, Discount Rate | 6% | |||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in two years | |||
Finance Lease Liabilities [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Navios Amber [Member] | ||||
Sale Leaseback Transaction [Line Items] | ||||
Vessel year built | 2015 | |||
Vessel type | Kamsarmax | |||
Vessel capacity in DWT | 80,994 | |||
Term of Contract | one-year | |||
Finance Lease, Liability | $ 32,161 | |||
Lessee, Finance Lease, Discount Rate | 6% | |||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in one year. | |||
Date of delivery | July 29, 2022 | |||
Increase in finance lease liability | $ 1,620 | |||
Finance Lease Liabilities [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Navios Citrine [Member] | ||||
Sale Leaseback Transaction [Line Items] | ||||
Vessel year built | 2017 | |||
Vessel type | Kamsarmax | |||
Vessel capacity in DWT | 81,626 | |||
Term of Contract | three-year | |||
Finance Lease, Liability | $ 31,566 | 35,605 | ||
Lessee, Finance Lease, Discount Rate | 6% | |||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in two years. | |||
Finance Lease Liabilities [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Navios Dolphin [Member] | ||||
Sale Leaseback Transaction [Line Items] | ||||
Vessel year built | 2017 | |||
Vessel type | Kamsarmax | |||
Vessel capacity in DWT | 81,630 | |||
Term of Contract | three-year | |||
Finance Lease, Liability | $ 31,644 | 35,676 | ||
Lessee, Finance Lease, Discount Rate | 6% | |||
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions | repayable in two years. | |||
Finance Lease Liabilities [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | Navios Felix [member] | ||||
Sale Leaseback Transaction [Line Items] | ||||
Vessel year built | 2016 | |||
Vessel type | Capesize | |||
Vessel capacity in DWT | 181,221 | |||
Term of Contract | one-year | |||
Finance Lease, Liability | $ 43,383 | |||
Lessee, Finance Lease, Discount Rate | 6% | |||
Sale and Leaseback Agreements [Member] | ||||
Sale Leaseback Transaction [Line Items] | ||||
Deposits | $ 0 | $ 8,650 |
Fair Value of Financial Instr_3
Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Fair Value Disclosures [Abstract] | ||
Cash and cash equivalents - Book Value | $ 240,378 | $ 157,814 |
Cash and cash equivalents - Fair Value | 240,378 | 157,814 |
Restricted cash - Book Value | 8,797 | 17,284 |
Restricted cash - Fair Value | 8,797 | 17,284 |
Other investments - Book Value | 47,000 | 0 |
Other investments - Fair Value | 47,000 | 0 |
Amounts due from related parties, long-term - Book Value | 39,570 | 41,403 |
Amounts due from related parties, long-term - Fair Value | 39,570 | 41,403 |
Amounts due to related parties, short-term - Book Value | (32,026) | (104,751) |
Amounts due to related parties, short-term - Fair Value | (32,026) | (104,751) |
Credit facilities and financial liabilities, including current portion, net - Book Value | (1,393,049) | (1,556,440) |
Credit facilities and financial liabilities, including current portion, net - Fair Value | $ (1,410,563) | $ (1,569,972) |
Fair Value Measurements - Fair
Fair Value Measurements - Fair value measurements on a Nonrecurring basis (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents - Fair Value | $ 240,378 | $ 157,814 |
Restricted cash - Fair Value | 8,797 | 17,284 |
Other investments - Fair Value | 47,000 | 0 |
Amounts due from related parties, long-term - Fair Value | 39,570 | 41,403 |
Amounts due to related parties, short-term - Fair Value | (32,026) | (104,751) |
Credit facilities and financial liabilities, net (1) - Fair Value | (1,410,563) | (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 | 240,378 | 157,814 |
Restricted cash - Fair Value | 8,797 | 17,284 |
Other investments - Fair Value | 47,000 | |
Amounts due from related parties, long-term - Fair Value | 0 | 0 |
Amounts due to related parties, short-term - Fair Value | 0 | 0 |
Credit facilities and financial liabilities, net (1) - Fair Value | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents - Fair Value | 0 | 0 |
Restricted cash - Fair Value | 0 | 0 |
Other investments - Fair Value | 0 | |
Amounts due from related parties, long-term - Fair Value | 39,570 | 41,403 |
Amounts due to related parties, short-term - Fair Value | (32,026) | (104,751) |
Credit facilities and financial liabilities, net (1) - Fair Value | (1,410,563) | (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 |
Other investments - Fair Value | 0 | |
Amounts due from related parties, long-term - Fair Value | 0 | 0 |
Amounts due to related parties, short-term - Fair Value | 0 | 0 |
Credit facilities and financial liabilities, net (1) - Fair Value | $ 0 | $ 0 |
Fair Value Measurements - Fai_2
Fair Value Measurements - Fair value of assets measured at fair value on a non-recurring basis (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Operating leases | $ 3,595 | |
Vessels, net | $ 57,402 | |
Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Operating leases | 0 | |
Vessels, net | 0 | |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Operating leases | 0 | |
Vessels, net | 57,402 | |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Operating leases | $ 3,595 | |
Vessels, net | $ 0 |
Repurchases and Issuance of U_2
Repurchases and Issuance of Units (Details Narrative) $ / shares in Units, $ in Thousands | 1 Months Ended | 2 Months Ended | 3 Months Ended | 5 Months Ended | 11 Months Ended | 12 Months Ended | ||||||||
Jan. 11, 2018 USD ($) shares | Feb. 28, 2019 USD ($) | Feb. 28, 2019 shares | Apr. 09, 2021 USD ($) | May 21, 2021 USD ($) | Nov. 18, 2016 USD ($) | Dec. 31, 2023 USD ($) $ / shares shares | Dec. 31, 2022 USD ($) shares | Dec. 31, 2021 USD ($) shares | Dec. 18, 2019 shares | Dec. 31, 2018 shares | Dec. 24, 2018 USD ($) shares | Dec. 31, 2017 shares | Jul. 30, 2022 USD ($) | |
Proceeds from Partnership Contribution | $ 0 | $ 0 | $ 9,960 | |||||||||||
Compensation expense from restricted common units | $ 4 | $ 154 | 523 | |||||||||||
Restricted common units outstanding | shares | 0 | 1,001 | ||||||||||||
Estimated compensation cost related to non-vested restricted common units | $ 0 | |||||||||||||
Common Stock, Voting Rights | Common unitholders have limited voting rights and the Company’s partnership agreement restricts the voting rights of common unitholders owning more than 4.9% of the Company’s common units. | |||||||||||||
Restricted Stock Units (RSUs) [Member] | ||||||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited | shares | 12,699 | |||||||||||||
Units cancelled | shares | 259 | |||||||||||||
Directors and officers | Restricted Stock [Member] | Upon the NNA Merger [Member] | Share-based awards, 2018 [Member] | ||||||||||||||
Restricted common units granted | shares | 129,269 | |||||||||||||
Compensation expense from restricted common units | $ 0 | $ 42 | 32 | |||||||||||
Restricted common units outstanding | shares | 8,116 | |||||||||||||
Shares conversion rate | 0.1275 | |||||||||||||
Directors and officers | Restricted Stock [Member] | Upon the NNA Merger [Member] | Share-based awards, 2017 [Member] | ||||||||||||||
Restricted common units granted | shares | 118,328 | |||||||||||||
Compensation expense from restricted common units | $ 0 | 0 | 37 | |||||||||||
Restricted common units outstanding | shares | 3,727 | |||||||||||||
Shares conversion rate | 0.1275 | |||||||||||||
Authorized December 2019 [Member] | Directors and officers | Restricted Stock Units (RSUs) [Member] | ||||||||||||||
Restricted common units granted | shares | 0 | 4,000 | ||||||||||||
Compensation expense from restricted common units | $ 4 | 10 | 18 | |||||||||||
Authorized February 2019 [Member] | Directors and officers | Restricted Stock Units (RSUs) [Member] | ||||||||||||||
Restricted common units granted | shares | 25,396 | 0 | ||||||||||||
Compensation expense from restricted common units | $ 0 | 23 | 63 | |||||||||||
Authorized December 2018 [Member] | Directors and officers | Restricted Stock Units (RSUs) [Member] | ||||||||||||||
Restricted common units granted | shares | 0 | 97,633 | ||||||||||||
Compensation expense from restricted common units | $ 0 | 79 | 187 | |||||||||||
Authorized December 2017 [Member] | Directors and officers | Restricted Stock Units (RSUs) [Member] | ||||||||||||||
Restricted common units granted | shares | 91,336 | |||||||||||||
Compensation expense from restricted common units | $ 0 | $ 0 | $ 186 | |||||||||||
General Partner [Member] | Upon the NMCI Merger Agreement [Member] | ||||||||||||||
Partners' Capital Account, Units, Sale of Units | shares | 165,989 | |||||||||||||
Proceeds from Partnership Contribution | $ 3,911 | |||||||||||||
General Partner [Member] | Upon the NNA Merger Agreement [Member] | ||||||||||||||
Partners' Capital Account, Units, Sold in Public Offering | shares | 69,147 | |||||||||||||
Proceeds from Partnership Contribution | $ 1,893 | |||||||||||||
General Partner [Member] | Authorized February 2019 [Member] | ||||||||||||||
Proceeds from Partnership Contribution | $ 8 | |||||||||||||
Partners' Capital Account, Unit-Based Payment Arrangement, Number of Units | shares | 518 | |||||||||||||
General Partner [Member] | Authorized December 2018 [Member] | ||||||||||||||
Proceeds from Partnership Contribution | $ 27 | |||||||||||||
Partners' Capital Account, Unit-Based Payment Arrangement, Number of Units | shares | 1,993 | |||||||||||||
General Partner [Member] | Authorized December 2017 [Member] | ||||||||||||||
Proceeds from Partnership Contribution | $ 64 | |||||||||||||
Partners' Capital Account, Unit-Based Payment Arrangement, Number of Units | shares | 1,864 | |||||||||||||
Limited Partner [Member] | Upon the NMCI Merger Agreement [Member] | Navios Containers [Member] | ||||||||||||||
Partners' Capital Account, Units, Sold in Public Offering | shares | 8,133,452 | |||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 0.39 | |||||||||||||
Limited Partner [Member] | Upon the NNA Merger Agreement [Member] | Navios Containers [Member] | ||||||||||||||
Partners' Capital Account, Units, Sold in Public Offering | shares | 3,388,226 | |||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 0.1275 | |||||||||||||
Common Unit Repurchase Program [Member] | ||||||||||||||
Stock Repurchase Program, Authorized Amount | $ 0 | |||||||||||||
Common Unit Repurchase Program [Member] | Maximum [Member] | ||||||||||||||
Stock Repurchase Program, Authorized Amount | $ 100,000 | |||||||||||||
$110.0m Sales Agreement [Member] | ||||||||||||||
Partners' Capital Account, Units, Sold in Public Offering | shares | 3,963,249 | |||||||||||||
Proceeds from Issuance of Common Stock | $ 103,691 | |||||||||||||
$110.0m Sales Agreement [Member] | General Partner [Member] | ||||||||||||||
Partners' Capital Account, Units, Sale of Units | shares | 80,883 | |||||||||||||
Description of the issuance scope | in order to maintain its 2.0% ownership interest | |||||||||||||
Proceeds from Partnership Contribution | $ 2,172 | |||||||||||||
$110.0m Sales Agreement [Member] | Maximum [Member] | ||||||||||||||
Aggregate offering price of common units | $ 110,000 | |||||||||||||
$75.0m Sales Agreement [Member] | ||||||||||||||
Partners' Capital Account, Units, Sold in Public Offering | shares | 2,437,624 | |||||||||||||
Proceeds from Issuance of Common Stock | $ 73,117 | |||||||||||||
$75.0m Sales Agreement [Member] | General Partner [Member] | ||||||||||||||
Partners' Capital Account, Units, Sale of Units | shares | 49,747 | |||||||||||||
Description of the issuance scope | in order to maintain its 2.0% ownership interest | |||||||||||||
Proceeds from Partnership Contribution | $ 1,530 | |||||||||||||
$75.0m Sales Agreement [Member] | Maximum [Member] | ||||||||||||||
Aggregate offering price of common units | $ 75,000 | |||||||||||||
Continuous Offering Program Sales Agreement [Member] | ||||||||||||||
Partners' Capital Account, Units, Sold in Public Offering | shares | 1,286,857 | |||||||||||||
Continuous Offering Program Sales Agreement [Member] | General Partner [Member] | ||||||||||||||
Partners' Capital Account, Units, Sale of Units | shares | 26,265 | |||||||||||||
Description of the issuance scope | in order to maintain its 2.0% ownership interest | |||||||||||||
Proceeds from Partnership Contribution | $ 501 | |||||||||||||
Continuous Offering Program Sales Agreement [Member] | Limited Partner [Member] | ||||||||||||||
Proceeds from Issuance of Common Stock | $ 23,918 | |||||||||||||
Continuous Offering Program Sales Agreement [Member] | Maximum [Member] | ||||||||||||||
Aggregate offering price of common units | $ 25,000 |
Commitments and Contingencies -
Commitments and Contingencies - Future minimum contractual obligations (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
2024 | $ 0 |
2025 | 773 |
2026 | 5,643 |
2027 | 17,050 |
2028 | 18,666 |
2029 and thereafter | 144,163 |
Total | $ 186,295 |
Commitments and Contingencies_2
Commitments and Contingencies (Details Narrative) $ in Thousands | 4 Months Ended | 6 Months Ended | 8 Months Ended | 9 Months Ended | 11 Months Ended | 12 Months Ended | ||||||||
Apr. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jul. 02, 2021 USD ($) | Aug. 31, 2023 USD ($) | Sep. 30, 2023 USD ($) | Oct. 01, 2021 USD ($) | Nov. 30, 2022 USD ($) | Nov. 30, 2021 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Nov. 15, 2021 USD ($) | Aug. 13, 2021 USD ($) | |
Property, Plant and Equipment [Line Items] | ||||||||||||||
Increase (Decrease) in Deposits Outstanding | $ 282,121 | $ 176,802 | $ 61,848 | |||||||||||
Contractual Obligation | 186,295 | |||||||||||||
Deposits Assets, Noncurrent | 434,134 | 218,663 | ||||||||||||
Other Assets, Noncurrent | 62,111 | 46,122 | ||||||||||||
Capitalized expenses | 47,566 | |||||||||||||
Four 5,300 TEU newbuilding containerships [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Number of vessels | 4 | |||||||||||||
Vessel capacity in TEU | 5,300 | |||||||||||||
Additions | $ 61,600 | |||||||||||||
Increase (Decrease) in Deposits Outstanding | $ 18,480 | |||||||||||||
Number of installments | 3 | |||||||||||||
Contractual Obligation | 43,120 | |||||||||||||
Advances for vessel acquisitions | $ 24,640 | |||||||||||||
Deposits Assets, Noncurrent | 55,440 | |||||||||||||
Four 5,300 TEU newbuilding containerships [Member] | Second Instalment for the Four Vessels and Third Instalment for the Two Vessels [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Advances for vessel acquisitions | 36,960 | |||||||||||||
Four 5,300 TEU newbuilding containerships [Member] | Third installment for two vessels [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Advances for vessel acquisitions | 55,440 | |||||||||||||
Zim Sparrow [member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Date of delivery | November 9, 2023 | |||||||||||||
Zim Eagle [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Date of delivery | January 25, 2024 | |||||||||||||
Remaining Two Newbuilding Containerships [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Date of expected delivery of vessel | 2024 | |||||||||||||
Two 5,300 TEU newbuilding containerships [Member] | Exercise Of Option [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Vessel capacity in TEU | 5,300 | |||||||||||||
Additions | $ 61,600 | |||||||||||||
Date of expected delivery of vessel | second half of 2024 | |||||||||||||
Increase (Decrease) in Deposits Outstanding | $ 18,480 | |||||||||||||
Number of installments | 3 | |||||||||||||
Contractual Obligation | 43,120 | |||||||||||||
Advances for vessel acquisitions | $ 12,320 | |||||||||||||
Deposits Assets, Noncurrent | 30,800 | |||||||||||||
Two 5,300 TEU newbuilding containerships [Member] | Second Installment for two Vessels and third Installment for one Vessel [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Advances for vessel acquisitions | 18,480 | |||||||||||||
Four 5,300 TEU newbuilding containerships (two plus two optional) [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Vessel capacity in TEU | 5,300 | |||||||||||||
Additions | $ 62,825 | |||||||||||||
Date of expected delivery of vessel | during 2024 | |||||||||||||
Increase (Decrease) in Deposits Outstanding | $ 25,130 | |||||||||||||
Number of installments | 4 | |||||||||||||
Contractual Obligation | 37,695 | |||||||||||||
Deposits Assets, Noncurrent | 81,673 | |||||||||||||
Four 5,300 TEU newbuilding containerships (two plus two optional) [Member] | First Installment for Four Vessels, Second Installment for Two Vessels and Third Installment For One Vessel [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Advances for vessel acquisitions | 43,978 | |||||||||||||
Four 5,300 TEU newbuilding containerships (two plus two optional) [Member] | Second Installment For Two Vessels, Third Installment For Two Vessels and Fourth Installment For Two Vessels [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Advances for vessel acquisitions | 37,695 | |||||||||||||
Four Aframax/ LR2 newbuilding vessels [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Additions | $ 58,500 | |||||||||||||
Date of expected delivery of vessel | during 2024 | |||||||||||||
Increase (Decrease) in Deposits Outstanding | $ 23,400 | |||||||||||||
Number of installments | 4 | |||||||||||||
Contractual Obligation | 35,100 | |||||||||||||
Advances for vessel acquisitions | 25,063 | |||||||||||||
Deposits Assets, Noncurrent | 56,392 | |||||||||||||
Vessel capacity in DWT | 115,000 | |||||||||||||
Additional features | $ 4,158 | |||||||||||||
Four Aframax/ LR2 newbuilding vessels [Member] | Second Installment For Four Vessels and Third Installment For One Vessel [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Advances for vessel acquisitions | 31,329 | |||||||||||||
Two newbuilding liquified natural gas dual fuel [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Vessel capacity in TEU | 7,700 | |||||||||||||
Additions | $ 115,510 | |||||||||||||
Date of expected delivery of vessel | second half of 2024 and the first half of 2025 | |||||||||||||
Increase (Decrease) in Deposits Outstanding | $ 92,408 | |||||||||||||
Number of installments | 4 | |||||||||||||
Contractual Obligation | 23,102 | |||||||||||||
Deposits Assets, Noncurrent | 150,163 | |||||||||||||
Two newbuilding liquified natural gas dual fuel [Member] | First instalment for two vessels [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Advances for vessel acquisitions | $ 46,204 | |||||||||||||
Two newbuilding liquified natural gas dual fuel [Member] | Second and Third Installment For The Two Vessels [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Advances for vessel acquisitions | 103,959 | |||||||||||||
Two Aframax/ LR2 newbuilding vessels [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Additions | $ 60,500 | |||||||||||||
Date of expected delivery of vessel | first half of 2025 | |||||||||||||
Increase (Decrease) in Deposits Outstanding | $ 24,200 | |||||||||||||
Number of installments | 4 | |||||||||||||
Contractual Obligation | 36,300 | |||||||||||||
Advances for vessel acquisitions | 12,100 | |||||||||||||
Vessel capacity in DWT | 115,000 | |||||||||||||
Additional features | $ 4,158 | |||||||||||||
Two Aframax/ LR2 newbuilding vessels [Member] | First instalment for two vessels [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Advances for vessel acquisitions | 12,100 | |||||||||||||
Two newbuilding Japanese MR2 Product Tanker vessels [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Date of expected delivery of vessel | second half of 2026 and the first half of 2027 | second half of 2025 and the first half of 2026 | ||||||||||||
Increase (Decrease) in Deposits Outstanding | $ 18,000 | $ 18,000 | ||||||||||||
Lessee, Operating Lease, Description | ten years | ten years | ||||||||||||
Other Assets, Noncurrent | 10,266 | |||||||||||||
Two newbuilding Japanese MR2 Product Tanker vessels [Member] | First Installment for two Vessels [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Advances for vessel acquisitions | 9,000 | |||||||||||||
One Newbuilding Capesize Vessel [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Other Assets, Noncurrent | 10,392 | |||||||||||||
Two newbuilding Japanese MR2 Product Tankers [member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Date of expected delivery of vessel | first half of 2027 | |||||||||||||
Increase (Decrease) in Deposits Outstanding | $ 20,000 | |||||||||||||
Lessee, Operating Lease, Description | ten years | |||||||||||||
Other Assets, Noncurrent | 11,286 | |||||||||||||
Two newbuilding Japanese MR2 Product Tankers [member] | First Installment for two Vessels [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Advances for vessel acquisitions | $ 10,000 | |||||||||||||
Four Aframax/ LR2 newbuilding vessels II [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||
Additions | $ 61,250 | |||||||||||||
Date of expected delivery of vessel | during 2026 | |||||||||||||
Increase (Decrease) in Deposits Outstanding | $ 27,562 | |||||||||||||
Number of installments | 4 | |||||||||||||
Contractual Obligation | $ 33,688 | |||||||||||||
Vessel capacity in DWT | 115,000 | |||||||||||||
Additional features | $ 3,300 |
Future Minimum Contractual Re_3
Future Minimum Contractual Revenue - Operating Lease, payments to be received (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
Leases [Abstract] | |
2024 | $ 830,176 |
2025 | 605,990 |
2026 | 472,550 |
2027 | 387,613 |
2028 | 332,176 |
2029 and thereafter | 478,117 |
Total | $ 3,106,622 |
Transactions with Related Par_2
Transactions with Related Parties and Affiliates (Details Narrative) | 3 Months Ended | 4 Months Ended | 5 Months Ended | 6 Months Ended | 7 Months Ended | 10 Months Ended | 12 Months Ended | |||
Mar. 30, 2021 USD ($) | May 10, 2021 USD ($) | Jun. 04, 2021 USD ($) | Jul. 09, 2021 USD ($) | Jun. 30, 2021 USD ($) | Jul. 26, 2022 USD ($) | Oct. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Related Party Transaction [Line Items] | ||||||||||
Operating Costs and Expenses | $ 69,449,000 | $ 56,754,000 | $ 29,259,000 | |||||||
Extraordinary fees and costs expenses related other expense | 14,438,000 | 14,020,000 | 9,738,000 | |||||||
Vessel operating expenses (entirely through related parties transactions) | 331,653,000 | 312,022,000 | 191,449,000 | |||||||
Capitalized expenses | 47,566,000 | |||||||||
General and Administrative Expense | 80,559,000 | 67,180,000 | 41,461,000 | |||||||
Other Receivable, after Allowance for Credit Loss, Noncurrent | 39,570,000 | 41,403,000 | ||||||||
Other Liabilities, Current | 32,026,000 | 104,751,000 | ||||||||
Working capital balances | (249,875,000) | (782,334,000) | (5,766,000) | |||||||
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Related Party Transaction, Description of Transaction | The fleet consisted of: (i) 30 vessels (including eight vessels under sale and leaseback and ten vessels under finance leases), (ii) five operating leases and (iii) one vessel that has been classified as held for sale. | |||||||||
Additions | $ 835,000,000 | |||||||||
Working capital balances | $ 37,016,000 | |||||||||
Navios Azimuth [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Capitalized expenses | $ 3,000 | |||||||||
Additions | $ 30,003,000 | |||||||||
Vessel year built | 2011 | |||||||||
Vessel type | Capesize | |||||||||
Vessel capacity in DWT | 179,169 | |||||||||
Navios Ray [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Vessel year built | 2012 | |||||||||
Vessel type | Capesize | |||||||||
Vessel capacity in DWT | 179,515 | |||||||||
Navios Bonavis [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Vessel year built | 2009 | |||||||||
Vessel type | Capesize | |||||||||
Vessel capacity in DWT | 180,022 | |||||||||
Navios Ray and Navios Bonavis [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Additions | $ 58,000,000 | |||||||||
Navios Koyo [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Capitalized expenses | $ 67,000 | |||||||||
Additions | $ 28,567,000 | |||||||||
Vessel year built | 2011 | |||||||||
Vessel type | Capesize | |||||||||
Vessel capacity in DWT | 181,415 | |||||||||
Ete N [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Vessel year built | 2012 | |||||||||
Vessel type | Containership | |||||||||
Vessel capacity in TEU | 2,782 | |||||||||
Fleur N [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Vessel year built | 2012 | |||||||||
Vessel type | Containership | |||||||||
Vessel capacity in TEU | 2,782 | |||||||||
Spectrum N [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Vessel year built | 2009 | |||||||||
Vessel type | Containership | |||||||||
Vessel capacity in TEU | 2,546 | |||||||||
Ete N, Fleur N and Spectrum N [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Additions | $ 55,500,000 | |||||||||
Navios Avior [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Vessel year built | 2012 | |||||||||
Vessel type | Kamsarmax | |||||||||
Vessel capacity in DWT | 81,355 | |||||||||
Navios Centaurus [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Vessel year built | 2012 | |||||||||
Vessel type | Kamsarmax | |||||||||
Vessel capacity in DWT | 81,472 | |||||||||
Navios Avior and Navios Centaurus [Member] | Upon Acquisition Of Navios Acquisition [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Capitalized expenses | $ 70,000 | |||||||||
Additions | 39,320,000 | |||||||||
Working capital balances | $ (5,766,000) | |||||||||
Superintendent attendances and claims preparation [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Operating Costs and Expenses | 4,730,000 | 3,479,000 | 2,159,000 | |||||||
Extraordinary crewing fees and costs [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Operating Costs and Expenses | 3,047,000 | 11,262,000 | ||||||||
Covid-19 Measures [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Operating Costs and Expenses | 5,811,000 | |||||||||
Extraordinary fees and costs expenses related other expense | 2,034,000 | |||||||||
Deposits For Vessels Acquisitions [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Capitalized expenses | 7,425,000 | 4,132,000 | ||||||||
First 15 of 36 Vessels [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Date of delivery | July 29, 2022 | |||||||||
Remaining 21 of 36 Vessels [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Date of delivery | September 8, 2022 | |||||||||
Management Agreement [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Payments for Capital Improvements | 57,166,000 | 18,901,000 | 11,408,000 | |||||||
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 TEU 3,000 up to 4,999 [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 Navios Acquisition [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Technical and commercial management daily fee | $ 50 | |||||||||
Annual growth factor of management fees | 3% | |||||||||
Management Agreement [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Technical and commercial management daily fee | $ 25 | |||||||||
Navios Holdings [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
General and Administrative Expense | 59,946,000 | 50,190,000 | $ 28,805,000 | |||||||
Other Receivable, after Allowance for Credit Loss, Noncurrent | 39,570,000 | 41,403,000 | ||||||||
Other Liabilities, Current | $ 32,026,000 | $ 104,751,000 | ||||||||
Partners Omnibus Agreement [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Related Party Transaction, Description of Transaction | Navios Partners has entered into an omnibus agreement with Navios Holdings (the “Partners Omnibus Agreement”) in connection with the closing of Navios Partners’ IPO governing, among other things, when Navios Holdings and Navios Partners may compete against each other as well as rights of first offer on certain drybulk carriers. Pursuant to the Partners Omnibus Agreement, Navios Partners generally agreed not to acquire or own Panamax or Capesize drybulk carriers under time charters of three or more years without the consent of an independent committee of Navios Partners. In addition, Navios Holdings has agreed to offer to Navios Partners the opportunity to purchase vessels from Navios Holdings when such vessels are fixed under time charters of three or more years | |||||||||
Entity affiliated with the Company's Chairwoman and CEO [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Related Party Transaction, Description of Transaction | During the fourth quarter of 2023, the Company completed the sale of four inactive entities (previously vessel-owning entities) to an entity affiliated with the Company’s Chairwoman and Chief Executive Officer, Angeliki Frangou, in consideration of nominal par value for the outstanding stock. | |||||||||
Navios South American Logistics Inc. [Member] | Navios Vega [member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Charter-out daily rate | $ 25,800 | |||||||||
Date of delivery | first quarter of 2024 |
Cash Distributions and Earnings
Cash Distributions and Earnings per Unit - Schedule of Incentive Distributions Made To General Partners Or Unitholders By Distribution (Details) | 12 Months Ended |
Dec. 31, 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] | |
Distribution Per Unit | 6.0375 |
Total Quarterly Distribution Target Amount [Member] | Second Target Distribution [Member] | Minimum [Member] | |
Distribution Per Unit | 6.0375 |
Total Quarterly Distribution Target Amount [Member] | Second Target Distribution [Member] | Maximum [Member] | |
Distribution Per Unit | 6.5625 |
Total Quarterly Distribution Target Amount [Member] | Third Target Distribution [Member] | Minimum [Member] | |
Distribution Per Unit | 6.5625 |
Total Quarterly Distribution Target Amount [Member] | Third Target Distribution [Member] | Maximum [Member] | |
Distribution Per Unit | 7.875 |
Total Quarterly Distribution Target Amount [Member] | Thereafter [Member] | |
Distribution Per Unit | $ 7.875 |
Limited Partner [Member] | Minimum Quarterly Distribution [Member] | |
Percentage allocations of the additional available cash | 98% |
Limited Partner [Member] | First Target Distribution [Member] | |
Percentage allocations of the additional available cash | 98% |
Limited Partner [Member] | Second Target Distribution [Member] | |
Percentage allocations of the additional available cash | 85% |
Limited Partner [Member] | Third Target Distribution [Member] | |
Percentage allocations of the additional available cash | 75% |
Limited Partner [Member] | Thereafter [Member] | |
Percentage allocations of the additional available cash | 50% |
General Partner [Member] | Minimum Quarterly Distribution [Member] | |
Percentage allocations of the additional available cash | 2% |
General Partner [Member] | First Target Distribution [Member] | |
Percentage allocations of the additional available cash | 2% |
General Partner [Member] | Second Target Distribution [Member] | |
Percentage allocations of the additional available cash | 2% |
General Partner [Member] | Third Target Distribution [Member] | |
Percentage allocations of the additional available cash | 2% |
General Partner [Member] | Thereafter [Member] | |
Percentage allocations of the additional available cash | 2% |
Cash Distributions and Earnin_2
Cash Distributions and Earnings per Unit - Distributions for all quarters (Details) - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | 2 Months Ended | 3 Months Ended | 4 Months Ended | 6 Months Ended | 7 Months Ended | 10 Months Ended | ||||||
Jan. 31, 2023 | Jan. 31, 2022 | Jan. 31, 2021 | Feb. 29, 2024 | Oct. 31, 2021 | Apr. 30, 2023 | Apr. 30, 2022 | Apr. 30, 2021 | Jul. 31, 2021 | Jul. 31, 2023 | Jul. 31, 2022 | Oct. 31, 2023 | Oct. 31, 2022 | |
Cash Distribution And Earnings Per Unit | |||||||||||||
Authorized Quarterly Cash Distribution for three months ended | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2023 | Sep. 30, 2021 | Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2021 | Jun. 30, 2021 | Jun. 30, 2023 | Jun. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 |
Date of record of Common and General Partnership unit Unitholders | Feb. 10, 2023 | Feb. 09, 2022 | Feb. 09, 2021 | Feb. 12, 2024 | Nov. 08, 2021 | May 09, 2023 | May 09, 2022 | May 11, 2021 | Aug. 09, 2021 | Aug. 08, 2023 | Aug. 09, 2022 | Nov. 07, 2023 | Nov. 08, 2022 |
Payment of Distribution | Feb. 14, 2023 | Feb. 11, 2022 | Feb. 12, 2021 | Feb. 14, 2024 | Nov. 12, 2021 | May 12, 2023 | May 12, 2022 | May 14, 2021 | Aug. 12, 2021 | Aug. 11, 2023 | Aug. 12, 2022 | Nov. 13, 2023 | Nov. 10, 2022 |
$/ Unit | $ 0.05 | $ 0.05 | $ 0.05 | $ 0.05 | $ 0.05 | $ 0.05 | $ 0.05 | $ 0.05 | $ 0.05 | $ 0.05 | $ 0.05 | $ 0.05 | $ 0.05 |
Amount of declared distribution | $ 1,540 | $ 1,541 | $ 579 | $ 1,540 | $ 1,541 | $ 1,540 | $ 1,541 | $ 1,127 | $ 1,368 | $ 1,540 | $ 1,541 | $ 1,540 | $ 1,540 |
Cash Distributions and Earnin_3
Cash Distributions and Earnings per Unit - Schedule of earnings per unit, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Net income attributable to Navios Partners’ unitholders | $ 433,645 | $ 579,247 | $ 516,186 |
Income attributable to: | |||
Common unitholders | $ 424,974 | $ 567,662 | $ 505,862 |
Earnings per unit basic: | $ 14.08 | $ 18.82 | $ 22.36 |
Earnings per unit diluted: | $ 14.08 | $ 18.82 | $ 22.32 |
Limited Partner [Member] | |||
Income attributable to: | |||
Common unitholders | $ 424,974 | $ 567,662 | $ 505,862 |
Weighted average units outstanding basic: | 30,183,428 | 30,155,148 | 22,620,324 |
Earnings per unit basic: | $ 14.08 | $ 18.82 | $ 22.36 |
Weighted average units outstanding diluted | 30,184,388 | 30,156,149 | 22,663,240 |
Earnings per unit diluted: | $ 14.08 | $ 18.82 | $ 22.32 |
Earnings per unit distributed basic: | 0.20 | 0.20 | 0.20 |
Earnings per unit distributed diluted: | 0.20 | 0.20 | 0.20 |
Earnings per unit - undistributed basic: | 13.88 | 18.62 | 22.16 |
Earnings per unit undistributed diluted | $ 13.88 | $ 18.62 | $ 22.12 |
Cash Distribution and Earning_3
Cash Distribution and Earnings per Unit (Details Narrative) - shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Cash Distribution And Earnings Per Unit | |||
Description of the distribution amount per unit for all classes of units | The first 98% of the quarterly distribution is paid to all common unitholders. The incentive distributions rights (held by Navios GP L.L.C.) apply only after a minimum quarterly distribution of $6.0375 per unit | ||
Potential common units | 0 | 1,001 | 42,916 |
Other Income (Details Narrative
Other Income (Details Narrative) $ in Thousands | 10 Months Ended | 12 Months Ended | ||
Oct. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Property, Plant and Equipment [Line Items] | ||||
Other Operating Income | $ 53,682 | $ 1,065 | $ 289 | |
Protostar N [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Vessel year built | 2007 | |||
Vessel capacity in TEU | 2,741 | |||
Minimum charter period | October 2025 | |||
Navios Spring [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Vessel year built | 2007 | |||
Vessel capacity in TEU | 3,450 | |||
Minimum charter period | April 2025 | |||
Protostar N and Navios Spring [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Other Operating Income | $ 52,463 |
Leases - Operating Leases (Deta
Leases - Operating Leases (Details) - Operating Leases [Member] - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
2024 | $ 44,459 | |
2025 | 38,362 | |
2026 | 38,251 | |
2027 | 37,463 | |
2028 | 36,981 | |
2029 and thereafter | 149,435 | |
Total | 344,951 | |
Operating lease liabilities, including current portion | 270,738 | $ 311,115 |
Discount based on incremental borrowing rate | $ 74,213 |
Leases - Finance Leases (Detail
Leases - Finance Leases (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Leases | ||
2024 | $ 86,159 | |
2025 | 122,290 | |
2026 | 36,535 | |
2027 | 36,108 | |
2028 | 35,812 | |
2029 and thereafter | 329,157 | |
Total | 646,061 | |
Finance lease liabilities, including current portion (see Note 11– Borrowings) | 468,414 | $ 389,007 |
Discount based on incremental borrowing rate | $ 177,647 |
Leases (Details Narrative)
Leases (Details Narrative) $ in Thousands | 3 Months Ended | 6 Months Ended | 7 Months Ended | 8 Months Ended | 10 Months Ended | 11 Months Ended | 12 Months Ended | |||||||
Mar. 31, 2019 | Jun. 30, 2020 | Jul. 29, 2022 | Aug. 31, 2023 | Oct. 18, 2019 USD ($) | Nov. 30, 2017 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Jun. 10, 2021 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2019 USD ($) | Dec. 31, 2018 USD ($) | Dec. 31, 2017 USD ($) | |
Related Party Transaction [Line Items] | ||||||||||||||
Increase (Decrease) in Deposits Outstanding | $ 282,121 | $ 176,802 | $ 61,848 | |||||||||||
Other Assets, Noncurrent | 62,111 | 46,122 | ||||||||||||
Operating Lease, Right-of-Use Asset | 270,969 | 323,048 | ||||||||||||
Asset Impairment Charges | 0 | |||||||||||||
Operating Leases [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Operating Lease, Liability | 270,738 | 311,115 | ||||||||||||
Operating Lease, Right-of-Use Asset | 270,969 | 323,048 | ||||||||||||
Time charter and voyage revenues | 66,733 | 50,972 | 12,757 | |||||||||||
Sublease Income | $ 82,642 | 86,580 | 36,305 | |||||||||||
Asset Impairment Charges | 0 | 0 | ||||||||||||
Lessee, Operating Lease, Remaining Lease Term | 9 years | |||||||||||||
Finance Leases [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Sublease Income | $ 87,356 | 40,936 | 0 | |||||||||||
Asset Impairment Charges | 0 | |||||||||||||
Lessee, Operating Lease, Remaining Lease Term | 8 years 8 months 12 days | |||||||||||||
Bareboat Charter Out Contract [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Operating Lease, Lease Income | $ 32,018 | $ 26,419 | $ 7,031 | |||||||||||
Navios Horizon I [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Vessel capacity in DWT | 81,692 | |||||||||||||
Vessel year built | 2019 | |||||||||||||
Navios Venus [Member] | Operating Leases [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Asset Impairment Charges | 2,784 | |||||||||||||
Bareboat charter-in contract [Member] | Navios Libra [member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Vessel type | Kamsarmax | |||||||||||||
Vessel capacity in DWT | 82,011 | |||||||||||||
Increase (Decrease) in Deposits Outstanding | $ 5,540 | |||||||||||||
Advances for vessel acquisitions | $ 2,770 | $ 2,770 | ||||||||||||
Other Assets, Noncurrent | 6,207 | |||||||||||||
Bareboat charter-in contract [Member] | Navios Amitie and Navios Star [member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Vessel type | Kamsarmax | |||||||||||||
Increase (Decrease) in Deposits Outstanding | $ 12,328 | |||||||||||||
Advances for vessel acquisitions | $ 860 | $ 10,034 | $ 1,434 | |||||||||||
Other Assets, Noncurrent | 13,158 | |||||||||||||
Bareboat charter-in contract [Member] | Navios Amitie [member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Vessel capacity in DWT | 82,002 | |||||||||||||
Date of delivery | May 28, 2021 | |||||||||||||
Bareboat charter-in contract [Member] | Navios Star [member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Vessel capacity in DWT | 81,994 | |||||||||||||
Date of delivery | June 10, 2021 | |||||||||||||
Bareboat charter-in contract [Member] | Baghdad and Erbil [Member] | Navios Acquisition [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Other Assets, Noncurrent | $ 1,769 | |||||||||||||
Lessee, Operating Lease, Description | 12-year | |||||||||||||
Bareboat charter-in contract [Member] | Baghdad [Member] | Navios Acquisition [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Vessel type | VLCC | |||||||||||||
Vessel capacity in DWT | 313,433 | |||||||||||||
Vessel year built | 2020 | |||||||||||||
Bareboat charter-in contract [Member] | Erbil [Member] | Navios Acquisition [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Vessel type | VLCC | |||||||||||||
Vessel capacity in DWT | 313,486 | |||||||||||||
Vessel year built | 2021 | |||||||||||||
Bareboat charter-in contract [Member] | Nave Electron [member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Vessel type | VLCC | |||||||||||||
Vessel capacity in DWT | 313,239 | |||||||||||||
Other Assets, Noncurrent | $ 1,574 | |||||||||||||
Date of delivery | August 30, 2021 | |||||||||||||
Bareboat charter-in contract [Member] | Nave Celeste [member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Vessel type | VLCC | |||||||||||||
Vessel capacity in DWT | 313,418 | |||||||||||||
Other Assets, Noncurrent | $ 1,050 | |||||||||||||
Date of delivery | July 5, 2022 | |||||||||||||
Lessee, Operating Lease, Description | 12-year | |||||||||||||
Bareboat charter-in contract [Member] | Navios Horizon I [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Vessel type | Kamsarmax | |||||||||||||
Vessel capacity in DWT | 81,692 | |||||||||||||
Lessee, Operating Lease, Description | one-year | |||||||||||||
Vessel year built | 2019 | |||||||||||||
Bareboat charter-in contract [Member] | Navios Gemini [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Vessel type | Kamsarmax | |||||||||||||
Vessel capacity in DWT | 81,704 | |||||||||||||
Lessee, Operating Lease, Description | one-year | |||||||||||||
Vessel year built | 2018 | |||||||||||||
Bareboat charter-in contract [Member] | Navios Venus [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Vessel type | Handymax | |||||||||||||
Vessel capacity in DWT | 61,339 | |||||||||||||
Lessee, Operating Lease, Description | two-year | |||||||||||||
Vessel year built | 2015 | |||||||||||||
Bareboat charter-in contract [Member] | Navios Lyra [Member] | Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Vessel type | Handysize | |||||||||||||
Vessel capacity in DWT | 34,718 | |||||||||||||
Lessee, Operating Lease, Description | one-year | |||||||||||||
Vessel year built | 2012 | |||||||||||||
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 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] | Baghdad, Erbil and Nave Celeste [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Lessor, Operating Lease, Description | bareboat charter-out agreements for a firm charter period of ten years for the Baghdad and the Erbil and an extra optional period of five years, for both vessels, and for a firm period of up to two-years for the Nave Celeste |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) $ in Thousands | 1 Months Ended | 2 Months Ended | 3 Months Ended | 12 Months Ended | ||
Jan. 31, 2024 USD ($) | Feb. 29, 2024 USD ($) | Mar. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Subsequent Event [Line Items] | ||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 259,004 | $ 284,476 | $ 121,080 | |||
Gain (Loss) on Disposition of Property Plant Equipment | 50,248 | 149,352 | $ 33,625 | |||
Finance Lease, Liability | $ 468,414 | $ 389,007 | ||||
Subsequent Event [Member] | New Credit Facility [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 40,000 | |||||
Sale and Leaseback Transaction Description | to refinance three tankers | |||||
Maturity date | five years after the drawdown date | |||||
Debt Instrument, Description of Variable Rate Basis | Compounded SOFR | |||||
Debt Instrument, Basis Spread on Variable Rate | 1.95% | |||||
Subsequent Event [Member] | Zim Eagle [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Vessel year built | 2024 | |||||
Vessel capacity in TEU | 5,300 | |||||
Vessel type | containership | |||||
Subsequent Event [Member] | Nave Spherical [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Vessel year built | 2009 | |||||
Vessel type | VLCC | |||||
Vessel capacity in DWT | 297,188 | |||||
Subsequent Event [Member] | Navios Orbiter [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Vessel year built | 2004 | |||||
Vessel type | Panamax | |||||
Vessel capacity in DWT | 76,602 | |||||
Date of sale | March 4, 2024 | |||||
Subsequent Event [Member] | Navios Spring [member] | ||||||
Subsequent Event [Line Items] | ||||||
Vessel year built | 2007 | |||||
Vessel capacity in TEU | 3,450 | |||||
Vessel type | Containership | |||||
Subsequent Event [Member] | Navios Spherical, Navios Orbiter and Navios Spring [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 80,050 | |||||
Gain (Loss) on Disposition of Property Plant Equipment | $ 20,211 | |||||
Subsequent Event [Member] | Navios Spherical and Navios Spring [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Date of expected delivery of vessel | first half of 2024 | |||||
Subsequent Event [Member] | One newbuilding tanker [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Vessel type | Aframax/LR2 | |||||
Vessel capacity in DWT | 115,000 | |||||
Maturity date | seven years after the drawdown date | |||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | |||||
Debt Instrument, Basis Spread on Variable Rate | 1.90% | |||||
Finance Lease, Liability | $ 45,260 | |||||
Subsequent Event [Member] | Navios Azimuth I [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Vessel year built | 2011 | |||||
Vessel type | Capesize | |||||
Vessel capacity in DWT | 179,169 | |||||
Maturity date | first quarter of 2030 | |||||
Debt Instrument, Description of Variable Rate Basis | Term SOFR | |||||
Debt Instrument, Basis Spread on Variable Rate | 2.25% | |||||
Finance Lease, Liability | $ 16,800 | |||||
Subsequent Event [Member] | Navios Amber [member] | ||||||
Subsequent Event [Line Items] | ||||||
Vessel year built | 2015 | |||||
Vessel type | Kamsarmax | |||||
Vessel capacity in DWT | 80,994 | |||||
Subsequent Event [Member] | Navios Coral [member] | ||||||
Subsequent Event [Line Items] | ||||||
Vessel year built | 2016 | |||||
Vessel type | Kamsarmax | |||||
Vessel capacity in DWT | 84,904 | |||||
Subsequent Event [Member] | Navios Citrine [member] | ||||||
Subsequent Event [Line Items] | ||||||
Vessel year built | 2017 | |||||
Vessel type | Kamsarmax | |||||
Vessel capacity in DWT | 81,626 | |||||
Subsequent Event [Member] | Navios Dolphin [member] | ||||||
Subsequent Event [Line Items] | ||||||
Vessel year built | 2017 | |||||
Vessel type | Kamsarmax | |||||
Vessel capacity in DWT | 81,630 | |||||
Subsequent Event [Member] | Navios Amber, Navios Coral, Navios Citrine, Navios Dolphin [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Additions | $ 116,573 | |||||
Subsequent Event [Member] | Two newbuilding scrubber-fitted tankers [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Vessel type | Aframax/LR2 | |||||
Vessel capacity in DWT | 115,000 | |||||
Date of expected delivery of vessel | during 2027 | |||||
Additions | $ 61,250 | |||||
Additional features | $ 3,300 |