0001193125-21-257676 | 6-K | XBRL Viewer | Navios Maritime Partners LP

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Cover	6 Months Ended
Cover	Jun. 30, 2021
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	001-33811
Entity Registrant Name	NAVIOS MARITIME PARTNERS L.P.
Entity Central Index Key	0001415921
Entity Address, Address Line One	7 Avenue de Grande Bretagne
Entity Address, City or Town	Monte Carlo
Entity Address, Country	MC
Entity Address, Postal Zip Code	98000

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 227,117	$ 19,303
Restricted cash	5,736	11,425
Accounts receivable, net	20,896	16,969
Amounts due from related parties	0	5,000
Prepaid expenses and other current assets	28,214	8,083
Total current assets	281,963	60,780
Vessels, net	1,930,477	1,041,138
Deposits for vessels acquisitions	3,599	0
Other long-term assets	21,315	18,850
Deferred dry dock and special survey costs, net	51,310	37,045
Investment in affiliates	0	26,158
Intangible assets	1,417	2,000
Notes receivable, net of current portion	0	8,013
Operating lease assets	45,862	13,285
Total non-current assets	2,053,980	1,146,489
Total assets	2,335,943	1,207,269
Current liabilities
Accounts payable	9,335	6,299
Accrued expenses	11,928	4,781
Deferred revenue	10,187	3,185
Operating lease liabilities, current portion	4,065	1,173
Amounts due to related parties	17,181	35,979
Current portion of financial liabilities, net	33,476	6,277
Current portion of long-term debt, net	81,967	195,558
Total current liabilities	168,139	253,252
Operating lease liabilities, net	41,604	11,980
Unfavorable lease terms	182,464	0
Long-term financial liabilities, net	227,108	56,481
Long-term debt, net	452,959	228,541
Deferred revenue	1,626	2,185
Total non-current liabilities	905,761	299,187
Total liabilities	1,073,900	552,439
Commitments and contingencies	0	0
Partners’ capital:
Common Unitholders (25,759,634 and 11,345,187 units issued and outstanding at June 30, 2021 and December 31, 2020, respectively)	1,246,997	652,013
General Partner (531,995 and 237,822 units issued and outstanding at June 30, 2021 and December 31, 2020, respectively)	15,046	2,817
Total partners’ capital	1,262,043	654,830
Total liabilities and partners’ capital	$ 2,335,943	$ 1,207,269

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Common units issued	25,759,634	11,345,187
Common units outstanding	25,759,634	11,345,187
General Partners, units issued	531,995	237,822
General Partners, units outstanding	531,995	237,822

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Time charter and voyage revenues	$ 152,009	$ 46,549	$ 217,072	$ 93,039
Time charter and voyage expenses	(5,869)	(1,940)	(8,364)	(5,038)
Direct vessel expenses	(3,989)	(2,385)	(7,143)	(4,934)
Vessel operating expenses (management fees entirely through related parties transactions)	(41,771)	(21,930)	(64,733)	(44,135)
General and administrative expenses	(10,319)	(6,983)	(15,226)	(11,128)
Depreciation and amortization of intangible assets	(22,120)	(13,663)	(35,207)	(27,300)
Amortization of unfavorable lease terms	42,026	0	42,026	0
Loss on sale of vessels	0	0	(511)	0
Vessels impairment loss	0	(6,800)	0	(6,800)
Interest expense and finance cost, net	(7,334)	(6,275)	(13,178)	(13,219)
Interest income	744	176	859	371
Impairment of receivable in affiliated company	0	0	0	(6,900)
Other expense, net	(3,464)	(680)	(3,895)	(289)
Equity in net earnings/ (loss) of affiliated companies	0	(710)	80,839	968
Bargain purchase gain	0	0	44,053	0
Net income/ (loss)	$ 99,913	$ (14,641)	$ 236,592	$ (25,365)
Earnings/ (loss) per unit:
Earnings/ (loss) per common unit, basic	$ 4.32	$ (1.32)	$ 13.61	$ (2.29)
Earnings/ (loss) per common unit, diluted	$ 4.31	$ (1.32)	$ 13.54	$ (2.29)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
OPERATING ACTIVITIES:
Net income/ ( loss)	$ 236,592	$ (25,365)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization of intangible assets	35,207	27,300
Amortization of unfavorable lease terms	(42,026)	0
Vessels impairment loss	(0)	6,800
Impairment of receivable in affiliated company	(0)	6,900
Non cash accrued interest income and amortization of deferred revenue	(1,418)	(788)
Amortization of operating lease right-of-use asset	(61)	459
Amortization and write-off of deferred finance costs and discount	1,568	1,018
Amortization of deferred dry dock and special survey costs	6,883	4,888
Loss on sale of vessels	511	0
Bargain purchase gain	(44,053)	0
Equity in net earnings of affiliated companies	(80,839)	(968)
Stock based compensation	234	483
Changes in operating assets and liabilities:
Net increase in accounts receivable	(1,430)	(18)
Net increase in prepaid expenses and other current assets	(12,521)	(1,230)
Increase/ (decrease) in accounts payable	688	(2,567)
Net increase in accrued expenses	5,487	2,035
Net increase in deferred revenue	5,900	1,564
Net decrease in amounts due from related parties	5,000	14,860
(Decrease)/ increase in amounts due to related parties	(17,324)	22,149
Payments for dry dock and special survey costs	(21,149)	(9,341)
Operating lease liabilities short and long-term	0	(504)
Net cash provided by operating activities	77,249	47,675
INVESTING ACTIVITIES:
Net cash proceeds from sale of vessels	32,692	0
Deposit for option to acquire vessel	(4,965)	(4,435)
Cash acquired from merger with Navios Containers	10,282	0
Acquisition of/ additions to vessels, net of cash acquired	(180,419)	(37,573)
Repayments of notes receivable	8,872	2,344
Net cash used in investing activities	(133,538)	(39,664)
FINANCING ACTIVITIES:
Cash distributions paid	(1,706)	(6,731)
Net proceeds from issuance of general partner units	7,531	0
Net proceeds from issuance of common units	172,938	0
Repayment of long-term debt and financial liabilities	(260,372)	(47,927)
Payments of deferred finance costs	(3,327)	(415)
Proceeds from long-term debt and financial liabilities	343,350	46,475
Net cash provided by/ (used in) financing activities	258,414	(8,598)
Increase/ (decrease) in cash, cash equivalents and restricted cash	202,125	(587)
Cash, cash equivalents and restricted cash, beginning of period	30,728	30,402
Cash, cash equivalents and restricted cash, end of period	232,853	29,815
Supplemental disclosures of cash flow information
Cash interest paid	12,275	13,053
Non cash financing activities
Stock based compensation	234	483
Non cash investing activities
Loans receivable from affiliates	0	(9,992)
Acquisition of vessels	$ (5,766)	$ 19,997

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($) $ in Thousands	General Partner [Member]	Limited Partner [Member]	Total
Beginning balance, value at Dec. 31, 2019	$ 4,299	$ 723,720	$ 728,019
Beginning balance, units at Dec. 31, 2019	230,524	10,987,679
Cash distribution paid (Note 16)	$ (69)	$ (3,296)	(3,365)
Stock based compensation (see Note 9)	0	245	245
Net loss	(213)	(10,511)	(10,724)
Ending balance, value at Mar. 31, 2020	$ 4,017	$ 710,158	714,175
Ending balance, units at Mar. 31, 2020	230,524	10,987,679
Beginning balance, value at Dec. 31, 2019	$ 4,299	$ 723,720	728,019
Beginning balance, units at Dec. 31, 2019	230,524	10,987,679
Ending balance, value at Dec. 31, 2020	$ 2,817	$ 652,013	654,830
Ending balance, units at Dec. 31, 2020	237,822	11,345,187
Beginning balance, value at Mar. 31, 2020	$ 4,017	$ 710,158	714,175
Beginning balance, units at Mar. 31, 2020	230,524	10,987,679
Cash distribution paid (Note 16)	$ (69)	$ (3,297)	(3,366)
Stock based compensation (see Note 9)	0	238	238
Net loss	(293)	(14,348)	(14,641)
Ending balance, value at Jun. 30, 2020	$ 3,655	$ 692,751	696,406
Ending balance, units at Jun. 30, 2020	230,524	10,987,679
Beginning balance, value at Dec. 31, 2020	$ 2,817	$ 652,013	654,830
Beginning balance, units at Dec. 31, 2020	237,822	11,345,187
Cash distribution paid (Note 16)	$ (12)	$ (567)	(579)
Proceeds from public offering and issuance of units, net of offering costs (see Note 9)	$ 203	$ 9,705	9,908
Proceeds from public offering and issuance of units, net of offering costs (see Note 9) - units	8,142	398,934
Units issued for the acquisition of Navios Containers, net of expenses (see Note 9)	$ 3,911	$ 191,624	195,535
Units issued for the acquisition of Navios Containers, net of expenses (see Note 9) - units	165,989	8,133,452
Stock based compensation (see Note 9)	$ 0	$ 118	118
Net loss	2,733	133,946	136,679
Ending balance, value at Mar. 31, 2021	$ 9,652	$ 986,839	996,491
Ending balance, units at Mar. 31, 2021	411,953	19,877,573
Beginning balance, value at Dec. 31, 2020	$ 2,817	$ 652,013	654,830
Beginning balance, units at Dec. 31, 2020	237,822	11,345,187
Ending balance, value at Jun. 30, 2021	$ 15,046	$ 1,246,997	1,262,043
Ending balance, units at Jun. 30, 2021	531,995	25,759,634
Beginning balance, value at Mar. 31, 2021	$ 9,652	$ 986,839	996,491
Beginning balance, units at Mar. 31, 2021	411,953	19,877,573
Cash distribution paid (Note 16)	$ (22)	$ (1,105)	(1,127)
Proceeds from public offering and issuance of units, net of offering costs (see Note 9)	$ 3,417	$ 163,233	166,650
Proceeds from public offering and issuance of units, net of offering costs (see Note 9) - units	120,042	5,882,061
Stock based compensation (see Note 9)	$ 0	$ 116	116
Net loss	1,999	97,914	99,913
Ending balance, value at Jun. 30, 2021	$ 15,046	$ 1,246,997	$ 1,262,043
Ending balance, units at Jun. 30, 2021	531,995	25,759,634

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

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+ Details

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020
Statement of Stockholders' Equity [Abstract]
Distribution Made to Limited Partner, Distributions Paid, Per Unit	$ 0.05	$ 0.05	$ 0.30	$ 0.30

Description of business

6 Months Ended

Jun. 30, 2021

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 vessels, formed on August 7, 2007 under the laws of the Republic of the Marshall Islands. Navios GP L.L.C., a wholly owned subsidiary of Navios Maritime Holdings Inc. (“Navios Holdings”), was also formed on that date to act as the general partner of Navios Partners. Currently, the Company’s general partner is Olympos Maritime Ltd. (the “General Partner”) and holds a 2.0% general partner interest in Navios Partners.

Navios Partners is engaged in the seaborne transportation services of a wide range of dry cargo commodities including iron ore, coal, grain, fertilizer and also containers, chartering its vessels under medium to longer-term charters. The operations of Navios Partners are managed by Navios Shipmanagement Inc., (the “Manager”), from its offices in Piraeus, Greece, Singapore and Monaco.

Pursuant to the initial public offering (“IPO”) on November 16, 2007, Navios Partners entered into the following agreements:

(a) a management agreement with the Manager (the “Management Agreement”), pursuant to which the Manager provides Navios Partners commercial and technical management services;

(b) an administrative services agreement with the Manager (the “Administrative Services Agreement”), pursuant to which the Manager provides Navios Partners administrative services; and

(c) an omnibus agreement with Navios Holdings (the “Omnibus Agreement”), governing, among other things, when Navios Partners and Navios Holdings may compete against each other as well as rights of first offer on certain drybulk carriers.

In August 2019, Navios Holdings announced that it sold certain assets, including its ship management division and the general partnership interest in Navios Partners to N Shipmanagement Acquisition Corp. and related entities, affiliated with the Company’s Chairman and Chief Executive Officer.

As of June 30, 2021, there were 25,759,634 outstanding common units and 531,995 general partnership units. Navios Holdings currently owns a 9.9% common unit interest in Navios Partners and the General Partner holds the general partner interest of 2.0%.

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of presentation:The accompanying interim condensed consolidated financial statements are unaudited, but, in the opinion of management, reflect all adjustments for a fair statement of Navios Partners’ consolidated balance sheets, statement of partner’s capital, statements of operations and cash flows for the periods presented. The results of operations for the interim periods are not necessarily indicative of results for the full year. The footnotes are condensed as permitted by the requirements for interim financial statements and accordingly, do not include information and disclosures required under United States generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. All such adjustments are deemed to be of a normal recurring nature. These interim financial statements should be read in conjunction with the Company’s consolidated financial statements and notes included in Navios Partners’ Annual Report for the year ended December 31, 2020 filed on Form 20-F with the U.S. Securities and Exchange Commission (“SEC”). Based on internal forecasts and projections that take into account reasonably possible changes in the Company’s trading performance, management believes that the Company has adequate financial resources to continue in operation and meet its financial commitments, including but not limited to capital expenditures and debt service obligations, for a period of at least twelve months from the date of issuance of these condensed consolidated financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing its financial statements.

(b) Principles of consolidation: The accompanying condensed consolidated financial statements include Navios Partners’ wholly owned subsidiaries incorporated under the laws of Marshall Islands, Malta, and Liberia from their dates of incorporation 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: Subsidiaries are those entities in which Navios Partners has an interest of more than one half of the voting rights or otherwise has power to govern the financial and operating policies of the entity.

The accompanying interim condensed consolidated financial statements include the following entities:

Company name Vessel name Country of incorporation 2021 2020

Libra Shipping Enterprises Corporation⁽¹⁾ — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Alegria Shipping Corporation Navios Alegria Marshall Is. 01/01 – 06/30 01/01 – 06/30

Felicity Shipping Corporation⁽²⁾ — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Gemini Shipping Corporation⁽³⁾ — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Galaxy Shipping Corporation⁽⁴⁾ — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Aurora Shipping Enterprises Ltd. Navios Hope Marshall Is. 01/01 – 06/30 01/01 – 06/30

Palermo Shipping S.A.⁽⁵⁾ — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Fantastiks Shipping Corporation⁽¹²⁾ Navios Fantastiks Marshall Is. 01/01 – 06/30 01/01 – 06/30

Sagittarius Shipping Corporation⁽¹²⁾ Navios Sagittarius Marshall Is. 01/01 – 06/30 01/01 – 06/30

Hyperion Enterprises Inc. Navios Hyperion Marshall Is. 01/01 – 06/30 01/01 – 06/30

Chilali Corp. Navios Aurora II Marshall Is. 01/01 – 06/30 01/01 – 06/30

Surf Maritime Co. Navios Pollux Marshall Is. 01/01 – 06/30 01/01 – 06/30

Pandora Marine Inc. Navios Melodia Marshall Is. 01/01 – 06/30 01/01 – 06/30

Customized Development S.A. Navios Fulvia Liberia 01/01 – 06/30 01/01 – 06/30

Kohylia Shipmanagement S.A. Navios Luz Marshall Is. 01/01 – 06/30 01/01 – 06/30

Orbiter Shipping Corp. Navios Orbiter Marshall Is. 01/01 – 06/30 01/01 – 06/30

Floral Marine Ltd. Navios Buena Ventura Marshall Is. 01/01 – 06/30 01/01 – 06/30

Golem Navigation Limited⁽¹³⁾ Navios Soleil Marshall Is. 01/01 – 06/30 01/01 – 06/30

Kymata Shipping Co. Navios Helios Marshall Is. 01/01 – 06/30 01/01 – 06/30

Joy Shipping Corporation Navios Joy Marshall Is. 01/01 – 06/30 01/01 – 06/30

Micaela Shipping Corporation Navios Harmony Marshall Is. 01/01 – 06/30 01/01 – 06/30

Pearl Shipping Corporation Navios Sun Marshall Is. 01/01 – 06/30 01/01 – 06/30

Velvet Shipping Corporation Navios La Paix Marshall Is. 01/01 – 06/30 01/01 – 06/30

Perigiali Navigation Limited⁽¹²⁾ Navios Beaufiks Marshall Is. 01/01 – 06/30 01/01 – 06/30

Finian Navigation Co.⁽¹²⁾ Navios Ace Marshall Is. 01/01 – 06/30 01/01 – 06/30

Ammos Shipping Corp. Navios Prosperity I Marshall Is. 01/01 – 06/30 01/01 – 06/30

Wave Shipping Corp. Navios Libertas Marshall Is. 01/01 – 06/30 01/01 – 06/30

Casual Shipholding Co.⁽¹²⁾ Navios Sol Marshall Is. 01/01 – 06/30 01/01 – 06/30

Avery Shipping Company Navios Symphony Marshall Is. 01/01 – 06/30 01/01 – 06/30

Coasters Ventures Ltd. Navios Christine B Marshall Is. 01/01 – 06/30 01/01 – 06/30

Ianthe Maritime S.A. Navios Aster Marshall Is. 01/01 – 06/30 01/01 – 06/30

Rubina Shipping Corporation Hyundai Hongkong Marshall Is. 01/01 – 06/30 01/01 – 06/30

Topaz Shipping Corporation Hyundai Singapore Marshall Is. 01/01 – 06/30 01/01 – 06/30

Beryl Shipping Corporation Hyundai Tokyo Marshall Is. 01/01 – 06/30 01/01 – 06/30

Cheryl Shipping Corporation Hyundai Shanghai Marshall Is. 01/01 – 06/30 01/01 – 06/30

Christal Shipping Corporation Hyundai Busan Marshall Is. 01/01 – 06/30 01/01 – 06/30

Dune Shipping Corp.⁽⁶⁾ — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Citrine Shipping Corporation — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Cavalli Navigation Inc. — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Seymour Trading Limited⁽³²⁾ Navios Altair I Marshall Is. 01/01 – 06/30 01/01 – 06/30

Goldie Services Company Navios Symmetry Marshall Is. 01/01 – 06/30 01/01 – 06/30

Andromeda Shiptrade Limited Navios Apollon I Marshall Is. 01/01 – 06/30 01/01 – 06/30

Esmeralda Shipping Corporation Navios Sphera Marshall Is. 01/01 – 06/30 01/01 – 06/30

Triangle Shipping Corporation Navios Mars Marshall Is. 01/01 – 06/30 01/01 – 06/30

Oceanus Shipping Corporation^(7)(19) Castor N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Cronus Shipping Corporation⁽⁷⁾ Protostar N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Leto Shipping Corporation^(7)(17) Esperanza N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Dionysus Shipping Corporation^(7)(30) Harmony N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Prometheus Shipping Corporation^(7)(18) Solar N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Camelia Shipping Inc.⁽⁸⁾ Navios Camelia Marshall Is. 01/01 – 06/30 01/01 – 06/30

Anthos Shipping Inc.⁽⁸⁾ Navios Anthos Marshall Is. 01/01 – 06/30 01/01 – 06/30

Azalea Shipping Inc.^(8)(31) Navios Azalea Marshall Is. 01/01 – 06/30 01/01 – 06/30

Amaryllis Shipping Inc.⁽⁸⁾ Navios Amaryllis Marshall Is. 01/01 – 06/30 01/01 – 06/30

Zaffre Shipping Corporation⁽¹⁴⁾ Serenitas N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Wenge Shipping Corporation^(14)(20) Joie N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Sunstone Shipping Corporation⁽¹⁴⁾ Copernicus N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Fandango Shipping Corporation⁽¹⁴⁾ Unity N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Flavescent Shipping Corporation⁽¹⁴⁾ Odysseus N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Emery Shipping Corporation⁽¹⁵⁾ Navios Gem Marshall Is. 01/01 – 06/30 —

Rondine Management Corp.⁽¹⁵⁾ Navios Victory Marshall Is. 01/01 – 06/30 —

Solange Shipping Ltd.⁽¹⁶⁾ Navios Avior Marshall Is. 03/30 – 06/30 —

Mandora Shipping Ltd.⁽¹⁶⁾ Navios Centaurus Marshall Is. 03/30 – 06/30 —

Olympia II Navigation Limited Navios Domino Marshall Is. 03/31 – 06/30 —

Pingel Navigation Limited Navios Delight Marshall Is. 03/31 – 06/30 —

Ebba Navigation Limited Navios Destiny Marshall Is. 03/31 – 06/30 —

Clan Navigation Limited Navios Devotion Marshall Is. 03/31 – 06/30 —

Sui An Navigation Limited⁽²³⁾ Navios Dedication Marshall Is. 03/31 – 06/30 —

Bertyl Ventures Co. Navios Azure Marshall Is. 03/31 – 06/30 —

Silvanus Marine Company Navios Summer Marshall Is. 03/31 – 06/30 —

Anthimar Marine Inc. Navios Amarillo Marshall Is. 03/31 – 06/30 —

Enplo Shipping Limited Navios Verde Marshall Is. 03/31 – 06/30 —

Morven Chartering Inc. Navios Verano Marshall Is. 03/31 – 06/30 —

Rodman Maritime Corp. Navios Spring Marshall Is. 03/31 – 06/30 —

Isolde Shipping Inc. Navios Indigo Marshall Is. 03/31 – 06/30 —

Velour Management Corp. Navios Vermilion Marshall Is. 03/31 – 06/30 —

Evian Shiptrade Ltd. Navios Amaranth Marshall Is. 03/31 – 06/30 —

Theros Ventures Limited Navios Lapis Marshall Is. 03/31 – 06/30 —

Legato Shipholding Inc. Navios Tempo Marshall Is. 03/31 – 06/30 —

Inastros Maritime Corp. Navios Chrysalis Marshall Is. 03/31 – 06/30 —

Zoner Shiptrade S.A. Navios Dorado Marshall Is. 03/31 – 06/30 —

Jasmer Shipholding Ltd. Navios Nerine Marshall Is. 03/31 – 06/30 —

Thetida Marine Co. Navios Magnolia Marshall Is. 03/31 – 06/30 —

Jaspero Shiptrade S.A. Navios Jasmine Marshall Is. 03/31 – 06/30 —

Peran Maritime Inc. Navios Felicitas Marshall Is. 03/31 – 06/30 —

Nefeli Navigation S.A. Navios Unison Marshall Is. 03/31 – 06/30 —

Fairy Shipping Corporation Navios Utmost Marshall Is. 03/31 – 06/30 —

Limestone Shipping Corporation Navios Unite Marshall Is. 03/31 – 06/30 —

Crayon Shipping Ltd Navios Miami Marshall Is. 03/31 – 06/30 —

Chernava Marine Corp. Bahamas Marshall Is. 03/31 – 06/30 —

Proteus Shiptrade S.A Bermuda Marshall Is. 03/31 – 06/30 —

Vythos Marine Corp. Navios Constellation Marshall Is. 03/31 – 06/30 —

Prosperity Shipping Corporation — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Aldebaran Shipping Corporation — Marshall Is. 01/01 – 06/30 01/01 – 06/30

JTC Shipping and Trading Ltd.⁽¹¹⁾ Holding Company Malta 01/01 – 06/30 01/01 – 06/30

Navios Maritime Partners L.P. N/A Marshall Is. 01/01 – 06/30 01/01 – 06/30

Navios Maritime Operating LLC. N/A Marshall Is. 01/01 – 06/30 01/01 – 06/30

Navios Partners Finance (US) Inc. Co-Borrower Delaware 01/01 – 06/30 01/01 – 06/30

Navios Partners Europe Finance Inc. Sub-Holding Company Marshall Is. 01/01 – 06/30 01/01 – 06/30

Navios Maritime Containers Sub L.P. Sub-Holding Company Marshall Is. 03/31 – 06/30 —

Navios Partners Containers Finance Inc. Sub-Holding Company Marshall Is. 03/31 – 06/30 —

Boheme Navigation Company Sub-Holding Company Marshall Is. 03/31 – 06/30 —

Navios Partners Containers Inc. Sub-Holding Company Marshall Is. 03/31 – 06/30 —

Iliada Shipping S.A. Operating Company Marshall Is. 03/31 – 06/30 —

Vinetree Marine Company Operating Company Marshall Is. 03/31 – 06/30 —

Afros Maritime Inc. Operating Company Marshall Is. 03/31 – 06/30 —

Cavos Navigation Co.⁽⁹⁾ Navios Libra Marshall Is. 01/01 – 06/30 01/01 – 06/30

Perivoia Shipmanagement Co.⁽¹⁰⁾ Navios Amitie Marshall Is. 01/01 – 06/30 01/01 – 06/30

Pleione Management Limited⁽¹⁰⁾ Navios Star Marshall Is. 01/01 – 06/30 01/01 – 06/30

Bato Marine Corp.⁽²¹⁾ TBN 1 Marshall Is. 03/05 – 06/30 —

Agron Navigation Company⁽²¹⁾ TBN 2 Marshall Is. 03/05 – 06/30 —

Teuta Maritime S.A.⁽²¹⁾ TBN 3 Marshall Is. 03/05 – 06/30 —

Ambracia Navigation Company⁽²¹⁾ TBN 4 Marshall Is. 03/05 – 06/30 —

Artala Shipping Co.⁽²²⁾ TBN 5 Marshall Is. 03/05 – 06/30 —

Migen Shipmanagement Ltd. Sub-Holding Company Marshall Is. 03/05 – 06/30 —

Bole Shipping Corporation⁽²⁴⁾ Spectrum N Marshall Is. 04/28 – 06/30 —

Brandeis Shipping Corporation⁽²⁴⁾ Ete N Marshall Is. 05/10 – 06/30 —

Buff Shipping Corporation⁽²⁴⁾ Fleur N Marshall Is. 05/10 – 06/30 —

Morganite Shipping Corporation⁽²⁵⁾ TBN 6 Marshall Is. 06/01 – 06/30 —

Balder Martitime Ltd.⁽²⁶⁾ Navios Koyo Marshall Is. 06/04 – 06/30 —

Melpomene Shipping Corporation⁽²⁷⁾ TBN 8 Marshall Is. 06/23 – 06/30 —

Urania Shipping Corporation⁽²⁷⁾ TBN 9 Marshall Is. 06/23 – 06/30 —

Terpsichore Shipping Corporation⁽²⁸⁾ TBN 10 Marshall Is. 06/23 – 06/30 —

Erato Shipping Corporation⁽²⁸⁾ TBN 11 Marshall Is. 06/23 – 06/30 —

Lavender Shipping Corporation⁽²⁹⁾ Navios Ray Marshall Is. 06/30 – 06/30 —

Nostos Shipmanagement Corp. ⁽²⁹⁾ Navios Bonavis Marshall Is. 06/30 – 06/30 —

(1) The vessel was sold on December 14, 2018.

(2) The vessel was sold on December 4, 2018.

(3) The vessel was sold on December 21, 2017.

(4) The vessel was sold on April 23, 2019.

(5) The vessel was sold on April 21, 2017.

(6) The vessel was sold on January 12, 2017.

(7) The vessels were acquired on December 13, 2019, following the liquidation of Navios Europe I.

(8) The vessels were acquired on December 16, 2019.

(9) The vessel was delivered on July 24, 2019 (see Note 17 - Leases).

(10) The vessels were delivered on May 28, 2021 and June 10, 2021 (see Note 17 - 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 17 - Leases).

(13) The vessel was sold on December 10, 2020 (see Note 5 – Vessels, net).

(14) The vessels were acquired on June 29, 2020, following the liquidation of Navios Europe II (see Note 5 - Vessels, net).

(15) The vessels were acquired on September 30, 2020, from Navios Holdings (see Note 5 - Vessels, net).

(16) The vessels were acquired on March 30, 2021, from Navios Holdings (see Note 5 – Vessels, net).

(17) The vessel was sold on January 13, 2021(see Note 5 – Vessels, net).

(18) The vessel was sold on January 28, 2021 (see Note 5 – Vessels, net).

(19) The vessel was sold on February 10, 2021 (see Note 5 – Vessels, net).

(20) The vessel was sold on March 25, 2021 (see Note 5 – Vessels, net).

(21) Expected to be delivered by the second half of 2022.

(22) Expected to be delivered in the second quarter of 2023.

(23) The vessel was sold on July 31, 2021.

(24) The vessels were acquired on May 10, 2021 (see Note 5 – Vessels, net).

(25) Expected to be delivered in the first quarter of 2023.

(26) The vessel was acquired on June 4, 2021, from Navios Holdings (see Note 5 - Vessels, net).

(27) Expected to be delivered by the second half of 2023.

(28) Expected to be delivered by the first half of 2024.

(29) The vessel was acquired on June 30, 2021, from Navios Holdings (see Note 5 - Vessels, net).

(30) The vessel was sold on August 16, 2021.

(31) The vessel was sold on August 13, 2021.

(32) The vessel was agreed to be sold and the sale is expected to be completed during the third quarter of 2021.

Investments in Affiliates: Affiliates are entities over which the Company generally has between 20% and 50% of the voting rights, or over which the Company has significant influence, but it does not exercise control. Investments in these entities are accounted for under the equity method of accounting. Under this method, the Company records an investment in the stock of an affiliate at cost, and adjusts the carrying amount for its share of the earnings or losses of the affiliate subsequent to the date of investment and reports the recognized earnings or losses in income. Dividends received from an affiliate reduce the carrying amount of the investment. The Company recognizes gains and losses in earnings for the issuance of shares by its affiliates, provided that the issuance of such shares qualifies as a sale of such shares. When the Company’s share of losses in an affiliate equals or exceeds its interest in the affiliate, the Company does not recognize further losses, unless the Company has incurred obligations or made payments on behalf of the affiliate. For the six month period ended June 30, 2020, the amount of $6,900 was recognized as impairment of receivable in affiliated company, related to the other-than-temporary impairment recognized in the Navios Partners’ receivable from Navios Europe II.

Affiliates included in the financial statements accounted for under the equity method: In the consolidated financial statements of Navios Partners, the following entities are included as affiliates and are accounted for under the equity method for such periods: (i) Navios Containers and its subsidiaries (ownership interest as of June 30, 2020 was 33.5%), following the completion of the merger, as of March 31, 2021, Navios Containers was acquired by Navios Partners and ownership was 100%; and (ii) Navios Europe II and its subsidiaries (ownership interest through the date of its liquidation on June 29, 2020 was 5.0%) (see Note 3 – Acquisition of Navios Containers).

Revenue and Expense Recognition: On January 1, 2018, the Company adopted the provisions of ASC 606 “Revenue from Contracts with Customers” using the modified retrospective approach. In doing so, the Company makes judgments including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price, and allocating the transaction price to each performance obligation. Revenue is recognized when (or as) the Company transfers promised goods or services to its customers in amounts that reflect the consideration to which the company expects to be entitled to in exchange for those goods or services, which occurs when (or as) the Company satisfies its contractual obligations and transfers control of the promised goods or services to its customers. Revenues are recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In determining the appropriate amount of revenue to be recognized as it fulfills its obligations under its agreements, the Company performs the following steps: (i) identification of the promised goods or services in the contract; (ii) determination of whether the promised goods or services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations based on estimated selling prices; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation.

The Company’s contract revenues from time chartering and pooling arrangements are governed by ASU 2016-02 (ASC 842) “Leases”. Upon adoption of ASC 606 and ASC 842, the timing and recognition of earnings from the pool arrangements and time charter contracts to which the Company is party did not change from previous practice. 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.

Revenue from time chartering

Revenues from time 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. 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 of vessels amounted to $145,241 and $45,679 for the three month periods ended June 30, 2021 and 2020, respectively. Revenue from time chartering of vessels amounted to $207,740 and $91,328 for the six month periods ended June 30, 2021 and 2020, respectively.

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 $4,389 and $306 for the three month periods ended June 30, 2021 and 2020, respectively. Revenue from voyage contracts amounted to $5,609 and $306 for the six month periods ended June 30, 2021 and 2020, respectively.

Pooling arrangements

For vessels operating in pooling arrangements, the Company earns a portion of total revenues generated by the pool, net of expenses incurred by the pool. The amount allocated to each pool participant vessel, including the Company’s vessels, is determined in accordance with an agreed-upon formula, which is determined by points awarded to each vessel in the pool based on the vessel’s age, design and other performance characteristics. Revenue under pooling arrangements is accounted for as variable rate operating leases on the accrual basis and is recognized when an agreement with the pool exists, price is fixed, service is provided and the collectability is reasonably assured. The allocation of such net revenue may be subject to future adjustments by the pool however, such changes are not expected to be material. The Company recognizes net pool revenue on a monthly and quarterly basis, when the vessel has participated in a pool during the period and the amount of pool revenue can be estimated reliably based on the pool report. Revenue from vessels operating in pooling arrangements amounted to $2,379 and $564 for the three month periods ended June 30, 2021 and 2020, respectively. Revenue from vessels operating in pooling arrangements amounted to $3,723 and $1,405 for the six month periods ended June 30, 2021 and 2020, 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. There was no profit sharing revenue for each of three and six month periods ended June 30, 2021 and June 30, 2020.

Revenues are recorded net of address commissions. Address commissions represent a discount provided directly to the charterers based on a fixed percentage of the agreed upon charter or freight rate. Since address commissions represent a discount (sales incentive) on services rendered by the Company and no identifiable benefit is received in exchange for the consideration provided to the charterer, these commissions are presented as a reduction of revenue.

Recent Accounting Pronouncements:

These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in Navios Partners’ Annual Report on Form 20-F for the year ended December 31, 2020.

Acquisition of Navios Containers

6 Months Ended

Jun. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Acquisition of Navios Containers

NOTE 3– ACQUISITION OF NAVIOS CONTAINERS

Acquisition of Navios Containers

On March 31, 2021, Navios Partners completed the merger contemplated by the Agreement and Plan of Merger (the “Merger Agreement”), dated as of December 31, 2020, by and among 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 Merger Agreement, Merger Sub merged with and into Navios Containers, with Navios Containers continuing as the surviving partnership. As a result of the merger, Navios Containers became a wholly-owned subsidiary of Navios Partners. Pursuant to the terms of the 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.

Navios Partners accounted for the 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 merger. The purchase price allocation is subject to finalization of Navios Partners valuation of the assets acquired and liabilities assumed. 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 purchase gain of $44,053. The transaction resulted in a bargain purchase gain as a result of the share price of Navios Containers trading at a discount to their net asset value (“NAV”).

As of March 31, 2021, Navios Partners previously held interest of 35.7% in Navios Containers was remeasured to a fair value of $106,997, resulting in revaluation gain of $75,387 which along with the equity gain of $5,452 from the operations of Navios Containers upon the closing date aggregate to a gain on acquisition of control in the amount of $80,839 and is presented in, “Equity in net earnings of affiliated companies”, in the accompanying condensed Consolidated Statement of Operations. The acquisition of the remaining non-controlling interest of 64.3% through the issuance of newly issued common units in Navios Partners was recorded at a fair value of $191,624 on the basis of 8,133,452 common units issued at a closing price per common unit of $23.56 as of the closing date of the merger.

Since the completion of the merger on March 31, 2021, beginning from April 1, 2021, the results of operations of Navios Containers are included in Navios Partners’ condensed Consolidated Statements of Operations.

Transaction costs amounted to $188 and have been expensed in the condensed consolidated statement of operations under the caption “General and administrative expenses” in the accompanying condensed Consolidated Statement of Operations.

If the acquisition had been consummated as of January 1, 2020, Navios Partners’ pro-forma revenues and net income for the six months period ended June 30, 2021 would have been $260,725 and $113,795, respectively, and for the six months period ended June 30, 2020 would have been $162,090 and $53,393, respectively. These pro-forma results do not include non-recurring items directly related to the business acquisition as follows: (a) the gain on remeasurement of the previously held interest on Navios Containers and the equity gain from the operations of Navios Containers upon the closing date in the amount of $80,839; and (b) the bargain purchase gain in the amount of $44,053. The unaudited pro forma results are for comparative purposes only and do not purport to be indicative of the results that would have actually been obtained if the acquisition had occurred at the beginning of the period presented. In addition, these results are not intended to be a projection of future results and do not reflect any synergies that might be achieved from the combined operations.

The following table summarizes the consideration exchanged and the fair value of assets acquired and liabilities assumed on March 31, 2021:

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 and liabilities acquired:

Vessels 770,981

Current assets (including cash of $10,282) 29,033

Unfavourable lease terms (224,490)

Long term debt assumed (including current portion) (227,434)

Current liabilities (5,416)

Fair value of net assets acquired 342,674

Bargain purchase gain $ 44,053

The acquired intangible, listed below, as determined at the acquisition date and are amortized under the straight line method over the period indicated below:

			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:

		Amount
Description
Unfavorable lease terms	$	(224,490)

Cash And Cash Equivalents

6 Months Ended

Jun. 30, 2021

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

		June 30, 2021		December 31, 2020
Cash and cash equivalents	$	227,117	$	19,303
Restricted cash		5,736		11,425
Total cash and cash equivalents and restricted cash	$	232,853	$	30,728

Restricted cash amounted to $5,736 and relates to amounts held in retention accounts in order to service debt and interest payments, as required by certain of Navios Partners’ credit facilities.

Cash deposits and cash equivalents in excess of amounts covered by government-provided insurance are exposed to loss in the event of non-performance by financial institutions. Navios Partners does maintain cash deposits and equivalents in excess of government-provided insurance limits. Navios Partners also minimizes exposure to credit risk by dealing with a diversified group of major financial institutions.

Vessels, Net

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Vessels, Net

NOTE 5 – VESSELS, NET

Vessels, Net

Vessels, net

Vessels		Cost		Accumulated Depreciation		Net Book Value
Balance December 31, 2019	$	1,370,756	$	(308,498)	$	1,062,258
Additions/ (Depreciation)		110,416		(54,884)		55,532
Disposals		(5,233)		158		(5,075)
Vessels impairment loss		(161,199)		89,622		(71,577)
Balance December 31, 2020	$	1,314,740	$	(273,602)	$	1,041,138
Additions/ (Depreciation)		957,166		(34,624)		922,542
Disposals		(33,979)		776		(33,203)
Balance June 30, 2021	$	2,237,927	$	(307,450)	$	1,930,477

During the six month periods ended June 30, 2021 and 2020, the Company capitalized certain extraordinary fees and costs related to vessels’ regulatory requirements, including ballast water treatment system installation and exhaust gas cleaning system installation, amounted to $4,865 and $1,519, respectively (see Note 13 – Transactions with related parties and affiliates).

Acquisition of Vessels

2021

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 (see Note 13 — 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 13 — Transactions with related parties and affiliates).

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 a purchase price of $28,500 (see Note 13 – Transactions with Related Parties).

Following the completion of the merger with Navios Containers on March 31, 2021, the 29-vessel fleet of Navios Containers was included in Navios Partners owned fleet (see Note 3 —Acquisition of Navios Containers).

On March 30, 2021, Navios Partners acquired the Navios Avior, a 2012 built Panamax vessel of 81,355 dwt, and the Navios Centaurus, a 2012 built Panamax vessel of 81,472 dwt, from its affiliate, Navios Holdings, for a purchase price of $39,250 (see Note 13 — Transactions with related parties and affiliates).

The acquisition of the vessels from Navios Holdings (except from 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.

2020

On September 30, 2020, Navios Partners acquired the Navios Gem, a 2014-built Capesize vessel of 181,336 dwt and the Navios Victory, a 2014-built Panamax vessel of 77,095 dwt, from its affiliate, Navios Holdings, for a purchase price of $51,000 (see Note 13 — Transactions with related parties and affiliates).

On June 29, 2020, Navios Partners acquired five drybulk vessels, three Panamax and two Ultra-Handymax, for a fair value of $56,050 in total, following the liquidation of Navios Europe II (see Note 13 — Transactions with related parties and affiliates).

Sale of Vessels

2021

On March 25, 2021, the Company sold the Joie N, a 2011-built Ultra-Handymax vessel of 56,557 dwt, to an unrelated third party, for a net sale price of $8,190.

On February 10, 2021, the Company sold the Castor N, a 2007-built Containership of 3,091 TEU to an unrelated third party for a net sale price of $8,869.

On January 28, 2021, the Company sold the Solar N a 2006-built Containership of 3,398 TEU to an unrelated third party for a net sale price of $11,074.

On January 13, 2021, the Company sold the Esperanza N, a 2008-built Containership of 2,007 TEU to an unrelated third party for a net sale price of $4,559.

Following the sale of the vessels during the period ended June 30, 2021, the aggregate amount of $511, was presented under the caption “Loss on sale of vessels” in the condensed Consolidated Statements of Operations.

2020

On December 10, 2020, Navios Partners sold the Navios Soleil to an unrelated third party for a net sale price of $8,183. Following the impairment loss of $9,980, recognized as of December 31, 2020, no loss on sale occurred upon the sale of the vessel.

Vessels impairment loss

2021

As of June 30, 2021, we concluded that events and circumstances did not trigger the existence of potential impairment of our vessels, mainly due to the market improvement. As a result, there was no impairment for the three and six month period ended June 30, 2021.

2020

As of June 30, 2020, we concluded that events and circumstances triggered the existence of potential impairment of our vessels. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on our future operations.

As a result, we performed step one of the impairment assessment of our vessels by comparing the undiscounted projected net operating cash flows for each vessel to its carrying value. As of June 30, 2020, our assessment concluded that step two of the impairment analysis was required for three containerships held and used, as the undiscounted projected net operating cash flows did not exceed the carrying value. As a result, we recorded an impairment loss of $6,800 for these vessels, being the difference between the fair value and the vessel’s carrying value together with the carrying value of deferred drydock and special survey costs related to the vessel presented under the caption “Vessels impairment loss” in the Condensed Consolidated Statements of Operations.

Intangible Assets And Liabilities

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets And Liabilities

NOTE 6 – INTANGIBLE ASSETS AND LIABILITIES

Intangible Assets And Liabilities

Intangible assets as of June 30, 2021 and December 31, 2020 consisted of the following:

	Cost	Accumulated Amortization	Net Book Value
Favorable lease terms December 31, 2020	$ 83,716	$ (81,716)	$ 2,000
Additions/ (Amortization)	—	(583)	(583)
Favorable lease terms June 30, 2021	$ 83,716	$ (82,299)	$ 1,417

Amortization expense of favorable lease terms for each of the periods ended June 30, 2021 and 2020 is presented in the following table:

	Three Month Period Ended		Six Month Period Ended
	June 30, 2021	June 30, 2020	June 30, 2021	June 30, 2020
Favorable lease terms	$ (292)	$ (292)	$ (583)	$ (583)
Total	$ (292)	$ (292)	$ (583)	$ (583)

The aggregate amortization of the intangibles for the 12-month periods ended June 30 is estimated to be as follows:


Year			Amount
2022			1,166
2023			251
Total			$ 1,417

Intangible assets subject to amortization are amortized using straight line method over their estimated useful lives to their estimated residual value of zero.

Intangible liabilities as of June 30, 2021 and December 31, 2020 consisted of the following:

	Cost		Accumulated Amortization		Net Book Value
Unfavorable lease terms December 31, 2020	$	—	$	—	$	—
Additions/ (Amortization)		224,490		(42,026)		182,464
Unfavorable lease terms June 30, 2021	$	224,490	$	(42,026)	$	182,464

Amortization income of unfavorable lease terms for each of the periods ended June 30, 2021 and 2020 is presented in the following table:

	Three Month Period Ended		Six Month Period Ended
	June 30, 2021	June 30, 2020	June 30, 2021	June 30, 2020
Unfavorable lease terms	$ 42,026	—	$ 42,026	—
Total	$ 42,026	—	$ 42,026	—

The aggregate amortization of the intangibles for the 12-month periods ended June 30 is estimated to be as follows:


Year			Amount
2022			101,266
2023			42,729
2024			16,792
2025			12,204
2026			9,473
Total			$ 182,464

Intangible liabilities subject to amortization are amortized using straight line method over their estimated useful lives to their estimated residual value of zero. The weighted average useful lives are 2.7 years for the remaining unfavorable lease terms.

Borrowings

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Borrowings

NOTE 7– BORROWINGS

Borrowings

Borrowings as of June 30, 2021 and December 31, 2020 consisted of the following:

Borrowings

June 30,
2021 December 31,
2020

Credit facilities $ 539,696 $ 427,287

Financial liabilities 261,885 63,882

Total borrowings $ 801,581 $ 491,169

Less: Current portion of long-term borrowings, net (115,443) (201,835)

Less: Deferred finance costs, net (6,071) (4,312)

Long-term borrowings, net $ 680,067 $ 285,022

As of June 30, 2021, the total borrowings, net of deferred finance fees under the Navios Partners’ credit facilities were $795,510.

Credit Facilities

As of June 30, 2021, the Company had secured credit facilities with various banks with a total outstanding balance of $539,696. The purpose of the facilities was to finance the acquisition of vessels or refinance existing indebtedness. All of the facilities are denominated in U.S. dollars and bear interest based on LIBOR plus spread ranging from 260 bps to 350 bps per annum. The facilities are repayable in either semi-annually or quarterly installments, followed by balloon payments with maturities, ranging from December 2022 to June 2026. See also the maturity table included below.

Hellenic Bank Credit Facility: On April 23, 2021, Navios Partners extended the Hellenic Bank Credit facility dated June 25, 2020 for an amount of $8,900 in order to partially finance the acquisition of one containership from Navios Acquisition. On April 28, 2021, the amount of $8,850 was drawn. The new credit facility is repayable in four consecutive quarterly instalments of approximately $750 each, two consecutive quarterly installments of $300 each and nine consecutive quarterly installments of approximately $150 each with a final balloon payment of $3,900 to be repaid on the last repayment date. The facility matures in the fourth quarter of 2024 and bears interest at LIBOR plus 300 bps per annum. As of June 30, 2021, the total outstanding balance was $8,850. 3

BNP Credit Facility: On April 28, 2021, Navios Partners entered into new credit facility with BNP PARIBAS (the “BNP Credit Facility”) for a total amount of $40,000 to refinance the existing BNP 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 BNP Credit Facility was drawn. The new credit facility is repayable in 16 consecutive quarterly installments of $1,429 each, with a final balloon payment of $17,140 to be repaid on the last repayment date. The facility matures in the second quarter of 2025 and bears interest at LIBOR plus 285 bps per annum. As of June 30, 2021, the total outstanding balance was $40,000. 2.85

HCOB Credit Facility: On May 11, 2021, Navios Partners entered into a new credit facility with Hamburg Commercial Bank for a total amount of up to $160,000, in order to: (i) refinance its existing HCOB Credit Facility dated September 26, 2019; (ii) refinance the existing facility of one dry bulk vessel; and (iii) to partially finance the acquisition of one dry bulk vessel. On June 8, 2021, the full amount of the HCOB Credit Facility was drawn. The facility is repayable in eight consecutive quarterly installments of $6,250 each and eight consecutive quarterly installments in the amount of $3,750 each, with a final balloon payment of $80,000 to be repaid on the last repayment date. The facility matures in the second quarter of 2025, bears interest at LIBOR plus 310 bps per annum. As of June 30, 2021, the total outstanding balance was $160,000. 3.10

NBG Credit Facility: On June 17, 2021, Navios Partners entered into a new credit facility with National Bank of Greece (the “NBG Credit Facility”) 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.The new credit facility is repayable in four consecutive quarterly installments of $1,500 each followed by 16 consecutive quarterly installments of $1,250 each, together with a final balloon payment of $17,000 to be paid on the last repayment date. The facility matures in the second quarter of 2026 and bears interest at LIBOR plus 300 bps per annum up to maturity date. As of June 30, 2021, the total outstanding balance was $43,000. 3

CACIB Credit Facility: On March 23, 2021, Navios Partners entered into a new credit facility with Credit Agricole Corporate and Investment Bank (“CACIB”), (the “CACIB $58.0m Credit Facility”) of $58,000 in order to refinance the CACIB $33.0m Credit Facility and to partially finance the acquisition of the Navios Centaurus and the Navios Avior. On March 30, 2021, the full amount was drawn. The facility matures in the first quarter of 2026 and bears interest at LIBOR plus 300 bps per annum. As of June 30, 2021, the total outstanding balance was $56,000 is repayable in one quarterly installment of $2,000, followed by 18 consecutive quarterly installments of $1,600 each, together with a final balloon payment of $25,200 to be repaid on the last repayment date. 3

Amounts drawn are secured by first preferred mortgages on certain Navios Partners’ vessels and other collateral and are guaranteed by the respective vessel-owning subsidiaries. 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’ (or its affiliates) ownership in Navios Partners of at least 5.0%; and subordinating the obligations under the credit facilities to any general and administrative costs relating to the vessels, including the fixed daily fee payable under the management agreement.

Navios Partners’ credit facilities and certain financial liabilities also require compliance with a number of financial covenants, including: (i) maintain a required security ranging over 111% to 140%; (ii) minimum free consolidated liquidity in an amount equal to at least $500 per owned vessel and a number of vessels as defined in Navios Partners’ 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) ranging of less than 0.75; and (v) maintain a minimum net worth to $135,000.

It is an event of default under the credit facilities if such covenants are not complied with in accordance with the terms and subject to the prepayments or cure provisions of the facilities.

As of June 30, 2021, 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.

Financial Liabilities

On June 18, 2021, the Company entered into a new sale and leaseback agreement of $15,000, with unrelated third parties for the Navios Bonavis, a 2009-built Capesize vessel of 180,022 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 June 28, 2021, the amount of $15,000 was drawn. Navios Partners is obligated to make 72 consecutive monthly payments of approximately $192, commencing as of June 2021. The agreement matures in the second quarter of 2027, with a purchase obligation of $5,000 on the last repayment date. As of June 30, 2021, the outstanding balance under the sale and leaseback agreement of the Navios Bonavis was $14,882.

On June 18, 2021, the Company entered into a new sale and leaseback agreement of $18,500, with unrelated third parties for the Navios Ray, a 2012-built Capesize vessel of 179,515 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 June 28, 2021, the amount of $18,500 was drawn. Navios Partners is obligated to make 108 consecutive monthly payments of approximately $186 each, commencing as of June 2021. The agreement matures in the second quarter of 2030, with a purchase obligation of $5,000 on the last repayment date. As of June 30, 2021, the outstanding balance under the sale and leaseback agreement of the Navios Ray was $18,401.

The above financial liabilities have no financial covenants.

The maturity table below reflects the principal payments for the next five years and thereafter of all borrowings of Navios Partners outstanding as of June 30, 2021, based on the repayment schedules of the respective credit facilities and financial liabilities (as described above).

Year Amount

2022 117,603

2023 196,841

2024 148,528

2025 198,829

2026 and thereafter 139,780

Total $ 801,581

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

NOTE 8 – FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair Value of Financial Instruments

The carrying value amounts of many of Navios Partners’ financial instruments, including cash and cash equivalents, restricted cash, accounts receivable and accounts payable and amounts due to related parties approximate their fair value due primarily to the short-term maturity of the related instruments.

The following methods and assumptions were used to estimate the fair value of each class of financial instrument:

Cash and cash equivalents: The carrying amounts reported in the condensed Consolidated Balance Sheets for interest bearing deposits approximate their fair value because of the short maturity of these investments.

Restricted Cash: The carrying amounts reported in the condensed Consolidated Balance Sheets for interest bearing deposits approximate their fair value because of the short maturity of these investments.

Amounts due from related parties, short-term: The carrying amount of due from related parties, short-term reported in the balance sheet approximates its fair value due to the short-term nature of these receivables.

Notes receivable, net of current portion: The carrying amount of the fixed rate notes receivable approximate its fair value.

Amounts due to related parties, short-term: The carrying amount of due to related parties, short-term reported in the balance sheet approximates its fair value due to the short-term nature of these payables.

Long-term borrowings, net: The book value has been adjusted to reflect the net presentation of deferred finance fees. The outstanding balance of the floating rate loans continues to approximate its fair value, excluding the effect of any deferred finance fees.

The estimated fair values of the Navios Partners’ financial instruments are as follows:

Fair value of financial instruments

	June 30, 2021				December 31, 2020
		Book Value		Fair Value		Book Value		Fair Value
Cash and cash equivalents	$	227,117	$	227,117	$	19,303	$	19,303
Restricted cash	$	5,736	$	5,736	$	11,425	$	11,425
Amounts due from related parties, short-term		—		—	$	5,000	$	5,000
Notes receivable, net of current portion		—		—	$	8,013	$	8,013
Amounts due to related parties, short-term	$	(17,181)	$	(17,181)	$	(35,979)	$	(35,979)
Long-term borrowings, net	$	(795,510)	$	(801,581)	$	(486,857)	$	(491,169)

Fair Value Measurements

The estimated fair value of our financial instruments that are not measured at fair value on a recurring basis, categorized based upon the fair value hierarchy, are as follows:

Level I: Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets that we have the ability to access. Valuation of these items does not entail a significant amount of judgment.

Level II: Inputs other than quoted prices included in Level I that are observable for the asset or liability through corroboration with market data at the measurement date.

Level III: Inputs that are unobservable. The Company did not use any Level III inputs as of June 30, 2021 and December 31, 2020.

	Fair Value Measurements at June 30, 2021
	Total	Level I	Level II	Level III
Cash and cash equivalents	$ 227,117	$ 227,117	$ —	—
Restricted cash	$ 5,736	$ 5,736	$ —	—
Amounts due to related parties, short-term⁽²⁾	$ (17,181)	—	$ (17,181)	—
Long-term borrowings, net ⁽¹⁾	$ (801,581)	—	$ (801,581)	—

Fair Value Measurements at December 31, 2020

Total Level I Level II Level III

Cash and cash equivalents $ 19,303 $ 19,303 —   —

Restricted cash $ 11,425 $ 11,425 —   —

Amounts due from related parties, short-term⁽²⁾ $ 5,000 —   $ 5,000 —

Notes receivable, net of current portion⁽³⁾ $ 8,013 —   $ 8,013 —

Amounts due to related parties, short-term $ (35,979) —   $ (35,979) —

Long-term borrowings, net⁽¹⁾ $ (491,169) —   $ (491,169) —

(1) The fair value of the Company’s debt is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness.

(2) The fair value of the Company’s short-term amounts due from/ to related parties is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account the counterparty’s creditworthiness.

(3) The fair value is estimated based on currently available information on the Company’s counterparty with similar contract terms, interest rate and remaining maturities.

The following table sets forth the Company’s assets that are measured at fair value on a non - recurring basis categorized by fair value hierarchy level. The fair value of the vessels was determined based on valuations from independent third party brokers. As required by the fair value guidance, assets are categorized in their entirety based on the lowest level of input that is significant to the fair value measurement.

As of June 30, 2021, there were no assets measured at fair value on a non-recurring basis.

As of December 31, 2020, the Company’s assets measured at fair value on a non-recurring basis were:

		Fair Value Measurements at December 31, 2020
		Total		Level I		Level II	Level III
Vessels, net	$	62,789	$	13,428	$	49,361	—

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Issuance of Units

6 Months Ended

Jun. 30, 2021

Issuance Of Units

Issuance of Units

NOTE 9 – ISSUANCE OF UNITS

Issuance of Units

On May 21, 2021, Navios Partners entered into a new 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 June 30, 2021, since the commencement of the $110.0m Sales Agreement, Navios Partners has issued 2,914,022 units and received net proceeds of $78,134. Pursuant to the issuance of the common units, Navios Partners issued 59,470 general partnership units to its General Partner in order to maintain its 2.0% general partner interest. The net proceeds from the issuance of the general partnership units were approximately $1,636.

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 common units having an aggregate offering price of up to $75,000. As of June 30, 2021, since the commencement of the $75.0m Sales Agreement, Navios Partners has 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% general partner interest. The net proceeds from the issuance of the general partnership units were approximately $1,530. No amounts remained available for sale under the $75.0m Sales Agreement.

On November 18, 2016, Navios Partners entered into a Continuous Offering Program Sales Agreement (the $25.0m Sales Agreement”) for the issuance and sale from time to time through its agent common units having an aggregate offering price of up to $25,000. The $25.0m Sales Agreement was amended on August 3, 2020 to address the updated shelf registration statement pursuant to which sales are made. As of June 30, 2021 and December 31, 2020, since the date of the amended $25.0m Sales Agreement, Navios Partners has issued 1,286,857 and 357,508 units, respectively, and received net proceeds of $23,918 and $2,231, respectively. Pursuant to the issuance of the common units, Navios Partners issued 26,265 and 7,298 general partnership units to its general partner as of June 30, 2021 and December 31, 2020, respectively, in order to maintain its 2.0% general partner interest. The net proceeds from the issuances of the general partnership units were $501 and $47 as of June 30, 2021 and December 31, 2020, respectively. No amounts remained available for sale under the $25.0m Sales Agreement.

Pursuant to the terms of the 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. As a result of the merger, 8,133,452 common units of Navios Partners were issued to former public unitholders of Navios Containers. Pursuant to the issuance of the common units, Navios Partners issued 165,989 general partner units, resulting in net proceeds of $3,911.

In January 2019, the Board of Directors of Navios Partners authorized a common unit repurchase program for up to $50,000 of the Company's common units over a two year period. The program did not require any minimum repurchase or any specific number of common units and could be suspended or reinstated at any time in Navios Partners' discretion and without notice. Repurchases were subject to restrictions under Navios Partners' credit facilities. As of June 30, 2021 and 2020, Navios Partners had repurchased and cancelled 312,952 common units on a split adjusted basis, for a total cost of approximately $4,499.There were no repurchases during the six month period ended June 30, 2021, and the program expired in January 2021.

On April 25, 2019, Navios Partners announced that its Board of Directors had approved 1-for-15 reverse stock split of its issued and outstanding shares of common units and general partner units. The reverse stock split was effective on May 21, 2019 and the common units commenced trading on such date on a split adjusted basis.

The effect of compensation expense arising from the restricted common units granted in December 2019, 2018 and 2017 and February 2019, amounted to $116 and $234 for the three and six month periods ended June 30, 2021 and was presented under the caption “General and administrative expenses” in the condensed Consolidated Statements of Operations.

The effect of compensation expense arising from the restricted common units granted in December 2019, 2018 and 2017 and February 2019, amounted to $238 and $483 for the three and six month periods ended June 30, 2020 and was presented under the caption “General and administrative expenses” in the condensed Consolidated Statements of Operations.

As of June 30, 2021, the estimated compensation cost relating to service conditions of non-vested restricted common units granted in 2017, 2018 and 2019 not yet recognized was $345.

Restricted common units outstanding and not vested were 86,350 units, on a split adjusted basis, as of June 30, 2021.

As of June 30, 2021, Navios Holdings held 9.9% common unit interest in Navios Partners and the General Partner owned 2.0% general partner interest in Navios Partners.

Segment Information

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Information

NOTE 10 – SEGMENT INFORMATION

Segment Information

Navios Partners reports financial information and evaluates its operations by charter revenues. Navios Partners does not use discrete financial information to evaluate operating results for each type of charter or by sector. As a result, management 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.

The following table sets out operating revenue by geographic region for Navios Partners’ reportable segment. Revenue is allocated on the basis of the geographic region in which the customer is located. Drybulk and Containerships operate worldwide. Revenues from specific geographic region, which contribute over 10% of total revenue, are disclosed separately.

Revenue by Geographic Region

Vessels operate on a worldwide basis and are not restricted to specific locations. Accordingly, it is not possible to allocate the assets of these operations to specific countries.

		Three Month Period ended June 30, 2021		Three Month Period ended June 30, 2020		Six Month Period ended June 30, 2021		Six Month Period ended June 30, 2020
Asia	$	86,858	$	29,495	$	124,940	$	58,022
Europe		51,803		12,801		72,465		27,351
North America		13,348		4,123		19,667		7,536
Australia		—		130		—		130
Total	$	152,009	$	46,549	$	217,072	$	93,039

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Income taxes

6 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Income taxes

NOTE 11 – INCOME TAXES

Income taxes

Marshall Islands, Malta and Liberia do not impose a tax on international shipping income. Under the laws of Marshall Islands, Malta and Liberia, the countries of the vessel-owning subsidiaries’ incorporation and vessels’ registration, the vessel-owning subsidiaries are subject to registration and tonnage taxes, which have been included in vessel operating expenses in the accompanying condensed Consolidated Statements of Operations.

In accordance with the currently applicable Greek law, foreign flagged vessels that are managed by Greek or foreign ship management companies having established an office in Greece are subject to duties towards the Greek state, which are calculated on the basis of the relevant vessel’s tonnage. The payment of said duties exhausts the tax liability of the foreign ship owning company and the relevant manager against any tax, duty, charge or contribution payable on income from the exploitation of the foreign flagged vessel.

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 criterias.

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.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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+ Details

Commitments and Contingencies

6 Months Ended

Jun. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 12 – COMMITMENTS AND CONTINGENCIES

Commitments and Contingencies

Navios Partners is involved in various disputes and arbitration proceedings arising in the ordinary course of business. Provisions have been recognized in the financial statements for all such proceedings where Navios Partners believes that a liability may be probable, and for which the amounts are reasonably estimable, based upon facts known at the date the financial statements were prepared. Management believes the ultimate disposition of these matters will be immaterial individually and in the aggregate to Navios Partners’ financial position, results of operations or liquidity.

In June 2021, Navios Partners agreed to acquire from Navios Holdings the Navios Azimuth, a 2011-built Capesize vessel of 179,169 dwt, for a purchase price of $30,000. The vessel was delivered in Navios Partners’ fleet on July 9, 2021.

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 Panamax vessel of 82,011 dwt, delivered on July 24, 2019. Navios Partners had agreed to pay in total $5,540, representing a deposit for the option to acquire the vessel after the end of the fourth year, of which the first half amounted to $2,770 was paid during the year ended December 31, 2017 and the second half amounted to $2,770 was paid during the year ended December 31, 2018. As of June 30, 2021, the total amount of $6,650, including refundable upon vessel’s redelivery expenses, is presented under the caption “Other long-term assets” in the condensed Consolidated Balance Sheets.

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 Panamax vessels of 82,002 dwt and 81,994 dwt, respectively. The vessels were delivered in Navios Partner’s fleet on May 28, 2021 and June 10, 2021, respectively. Navios Partners has the option to acquire the vessels after the end of the fourth year for the remaining period of the bareboat charters. Navios Partners had agreed to pay in total $12,328, representing a deposit for the option to acquire the vessels after the end of the fourth year, of which $1,434 was paid during the year ended December 31, 2019, $10,034 was paid during the year ended December 31, 2020, and the remaining amount of $860 was paid upon the delivery of the vessels. As of June 30, 2021, the total amount of $13,564, including expenses, is presented under the caption “Other long-term assets” in the condensed Consolidated Balance Sheets.

On January 25, 2021, Navios Partners agreed to bareboat charter-in, under a fifteen-year bareboat contract each, from an unrelated third party, three newbuilding Capesize vessels of approximately 180,000 dwt each. Navios Partners has the option to acquire the vessels after the end of year four for the remaining period of the bareboat charters. Navios Partners has agreed to pay in total $10,500, 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 2022. The transaction is expected to close in the third quarter of 2021.

On March 23, 2021, Navios Partners agreed to acquire a newbuilding Panamax vessel, from an unrelated third party, for a purchase price of $31,580. The vessel has approximately 81,000 dwt and is expected to be delivered in Navios Partners’ fleet during the second half of 2022. Navios Partners has agreed to pay in total $12,632 in four installments and the remaining amount of $18,948 will be paid upon the delivery of the vessel. On April 1, 2021, the first installment of $3,158 was paid. As of June 30, 2021, the total amount of $3,158 is presented under the caption “Deposits for vessels acquisitions” in the condensed Consolidated Balance Sheets.

On March 25, 2021, Navios Partners agreed to bareboat charter-in, under a fifteen-year bareboat contract, from an unrelated third party, one newbuilding Capesize vessel, of approximately 180,000 dwt. Navios Partners has the option to acquire the vessel after the end of year four for the remaining period of the bareboat charter. Navios Partners has agreed to pay in total $3,500, representing a deposit for the option to acquire the vessels after the end of the fourth year. As of June 30, 2021, no amount was deposited. The vessel is expected to be delivered by the first half of 2023.

In June 2021, Navios Partners agreed to bareboat charter-in, under a ten-year bareboat contract, from an unrelated third party, one newbuilding Capesize vessel, of approximately 180,000 dwt. Navios Partners has the option to acquire the vessel after the end of year four for the remaining period of the bareboat charter. Navios Partners has agreed to pay in total $12,000, representing a deposit for the option to acquire the vessels after the end of the fourth year. The vessel is expected to be delivered by the second half of 2022. The transaction is expected to close in the third quarter of 2021.

On June 30, 2021, Navios Partners agreed to acquire a newbuilding Panamax vessel, from an unrelated third party, for a purchase price of $34,300. The vessel has approximately 81,000 dwt and is expected to be delivered in Navios Partners’ fleet during the first half of 2023. Navios Partners has agreed to pay in total $13,720 in four installments and the remaining amount of $20,580 will be paid upon the delivery of the vessel. As of June 30, 2021, no amount was deposited.

As of June 30, 2021, the Company’s future minimum lease commitments under the Company’s charter-in vessels for which a definitive agreement was in place are as follows:


Period ending June 30,	Amount
2022	6,668
2023	6,583
2024	6,592
2025	6,388
2026	6,388
2027 and thereafter	26,784
Total	$ 59,403

Transactions with related parties

6 Months Ended

Jun. 30, 2021

Transactions with related parties

NOTE 13 – TRANSACTIONS WITH RELATED PARTIES AND AFFILIATES

Transactions with related parties

Vessel operating expenses (management fees): Pursuant to the amended management agreement, in each of October 2013, August 2014, February 2015, February 2016 and November 2017 (the “Management Agreement”), the Manager, provided commercial and technical management services to Navios Partners’ vessels for a daily fee (excluding drydocking expenses, which were reimbursed at cost by Navios Partners) of: (a) $4.23 daily rate per Ultra-Handymax vessel; (b) $4.33 daily rate per Panamax vessel; (c) $5.25 daily rate per Capesize vessel; (d) $6.70 daily rate per Containership of TEU 6,800; (e) $7.40 daily rate per Containership of more than TEU 8,000 and (f) $8.75 daily rate per very large Containership of more than TEU 13,000 through December 2019. These fixed daily fees cover our vessels’ operating expenses, other than certain extraordinary fees and costs.

In August 2019, Navios Partners extended the duration of its Management Agreement with the Manager until January 1, 2025. In addition, management fees are fixed for two years commencing from January 1, 2020 at: (a) $4.35 daily rate per Ultra-Handymax Vessel; (b) $4.45 daily rate per Panamax Vessel; (c) $5.41 daily rate per Capesize Vessel; and (d) $6.90 daily rate per 6,800 TEU Containership. The agreement also provides for a technical and commercial management fee of $0.05 per day per vessel and an annual increase of 3% after January 1, 2022 unless agreed otherwise.

Following the liquidation of Navios Europe I, Navios Partners acquired three Sub-Panamax and two Panamax containerships and following the liquidation of Navios Europe II, Navios Partners acquired five drybulk vessels, three Panamax and two Ultra-Handymax vessels. As per the Management Agreement, as amended in December 2019, management fees are fixed for two years commencing from January 1, 2020 at $6.1 daily rate per Sub-Panamax/Panamax Containership. The agreement also provides for a technical and commercial management fee of $0.05 per day per vessel and an annual increase of 3% after January 1, 2022 for the remaining period unless agreed otherwise.

Following the completion of the merger with Navios Containers on March 31, 2021, the 29-vessel fleet of Navios Containers is included in Navios Partners’ owned fleet. As per the Management Agreement, management fees are fixed for two years commencing from January 1, 2020 at: (a) $6.10 and $6.22 daily rate per Containership of TEU 3,000 up to 4,999, respectively; (b) $7.40 and $7.78 daily rate per Containership of TEU 8,000 up to 9,999, respectively; (c) $7.40 and $8.27 daily rate per Containership of TEU 10,000 up to 11,999, respectively. The agreement also provides for a technical and commercial management fee of $0.05 per day per vessel and an annual increase of 3% after January 1, 2022 unless agreed otherwise.

Drydocking expenses are reimbursed at cost for all vessels.

During the three and six month periods ended June 30, 2021, certain extraordinary fees and costs related to vessels’ regulatory requirements, including ballast water treatment system installation and exhaust gas cleaning system installation under the Company’s Management Agreement, amounted to $1,398 and $4,865, respectively, and are presented under the caption “Acquisition of/ additions to vessels, net of cash acquired” in the condensed Consolidated Statements of Cash Flows. For the three and six month periods ended June 30, 2020 certain extraordinary fees and costs related to vessels’ regulatory requirements including ballast water treatment system installation and exhaust gas cleaning system installation, under the Company’s management agreement amounted to $1,296 and $1,519, respectively,

Total vessel operating expenses for each of the three and six month periods ended June 30, 2021, amounted to $41,771 and $64,733, respectively. Total vessel operating expenses for each of the three and six month periods ended June 30, 2020, amounted to $21,930 and $44,135, respectively.

General and administrative expenses: Pursuant to the Administrative Services Agreement, the Manager also provides administrative services to Navios Partners, which include bookkeeping, audit and accounting services, legal and insurance services, administrative and clerical services, banking and financial services, advisory services, client and investor relations and other. The Manager is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. Navios Partners extended the duration of its existing Administrative Services Agreement with the Manager, until December 31, 2022. In August 2019, Navios Partners extended the duration of its existing administrative services agreement with the Manager until January 1, 2025, which provide for allocable general and administrative costs.

Total general and administrative expenses charged by the Manager for each of the three and six month periods ended June 30, 2021, amounted to $6,113 and $9,798, respectively. Total general and administrative expenses charged by the Manager for each of the three and six month periods ended June 30, 2020, amounted to $3,203 and $6,405, respectively.

Balance due from related parties, short term: Balance due from related parties as of June 30, 2021 and December 31, 2020 amounted to $0 and $5,000, respectively, that consisted of the receivable from the Navios Holdings Guarantee, which was fully repaid in April 2021.

Balance due to related parties: Amounts due to related parties, short-term as of June 30, 2021 and December 31, 2020 were $17,181 and $35,979, respectively, and mainly consisted of payables to the Manager.

Impairment of receivable in affiliated company: Navios Holdings, Navios Maritime Acquisition Corporation (“Navios Acquisition”) and Navios Partners have made available to Navios Europe II revolving loans of up to $43,500 to fund working capital requirements (collectively, the “Navios Revolving Loans II”). In March 2017, the availability under the Navios Revolving Loans II was increased by $14,000 (see Note 15 - Investment in Affiliates).

On April 21, 2020, Navios Europe II agreed with the lender to fully release the liabilities under the junior participating loan facility for $5,000. Navios Europe II owned seven container vessels and seven dry bulk vessels. Navios Partners had a net receivable of approximately $17,276 from Navios Europe II.

As of March 31, 2020, the decline in the fair value of the investment was considered as other-than-temporary and, therefore, an aggregate loss of $6,900 was recognized and included in the accompanying condensed Consolidated Statements of Operations for the six month period ended June 30, 2020, as “Impairment of receivable in affiliated company”. The fair value of the Company’s investment was determined based on the liquidation value of Navios Europe II, including the individual fair values assigned to the assets and liabilities of Navios Europe II.

On May 14, 2020, an agreement was reached to liquidate Navios Europe II before its original expiring date. The transaction was completed on June 29, 2020.

As a result of the Europe II liquidation Navios Partners acquired 100% of the stock of the five vessels owning Companies owning the dry bulk vessels of Navios Europe II with a fair value of $56,050 and working capital balances of $(2,718). The purchase was funded through a credit facility (Note 7 – Borrowings) and cash on hand for total of $36,056 and the satisfaction of its receivable balances in the amount of approximately $17,276 representing the Revolving Loan, Term Loan and accrued interest thereof directly owned to Navios Partners, previously presented under the captions “Amounts due/to from related parties” and “Loans receivable from affiliates”.

Following the Liquidation of Navios Europe II, there was no balance due from Navios Europe II as of June 30, 2021 and December 31, 2020.

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.

Navios Partners entered into an omnibus agreement with Navios Acquisition and Navios Holdings (the “Acquisition Omnibus Agreement”) in connection with the closing of Navios Acquisition’s initial vessel acquisition, pursuant to which, among other things, Navios Holdings and Navios Partners agreed not to acquire, charter-in or own liquid shipment vessels, except for containerships and vessels that are primarily employed in operations in South America, without the consent of an independent committee of Navios Acquisition. In addition, Navios Acquisition, under the Acquisition Omnibus Agreement, agreed to cause its subsidiaries not to acquire, own, operate or charter drybulk carriers subject to specific exceptions. Under the Acquisition Omnibus Agreement, Navios Acquisition and its subsidiaries granted to Navios Holdings and Navios Partners, a right of first offer on any proposed sale, transfer or other disposition of any of its drybulk carriers and related charters owned or acquired by Navios Acquisition. Likewise, Navios Holdings and Navios Partners agreed to grant a similar right of first offer to Navios Acquisition for any liquid shipment vessels it might own. These rights of first offer will not apply to a (i) sale, transfer or other disposition of vessels between any affiliated subsidiaries, or pursuant to the terms of any charter or other agreement with a counterparty, or (ii) merger with or into, or sale of substantially all of the assets to, an unaffiliated third party.

In connection with the Navios Maritime Midstream Partners L.P. (“Navios Midstream”) initial public offering effective November 18, 2014, Navios Partners entered into an omnibus agreement with Navios Midstream, Navios Acquisition and Navios Holdings pursuant to which Navios Acquisition, Navios Holdings and Navios Partners have agreed not to acquire or own any VLCCs, crude oil tankers, refined petroleum product tankers, LPG tankers or chemical tankers under time charters of five or more years and also providing rights of first offer on certain tanker vessels.

Navios Holdings Guarantee: On November 15, 2012 (as amended and supplemented in March 2014, December 2017 and July 2019), Navios Holdings and Navios Partners entered into the Navios Holdings Guarantee by which Navios Holdings would provide supplemental credit default insurance with a maximum cash payment of $20,000. In October 2020, Navios Holdings paid an amount of $5,000 to Navios Partners. As of December 31, 2020, the outstanding claim receivable amounted to $5,000, presented under the caption “Amounts due from related parties-short term” in the condensed Consolidated Balance Sheets. In April 2021, Navios Holdings paid the amount of $5,000 to Navios Partners as the final settlement of the outstanding balance of the claim. As of June 30, 2021, the outstanding claim receivable amounted to $0.

General partner: In August 2019, Navios Holdings announced that it sold certain assets, including its ship management division and the general partnership interest in Navios Partners to N Shipmanagement Acquisition Corp. and related entities, affiliated with Navios Holdings’ Chairman and Chief Executive Officer, Angeliki Frangou.

Acquisition of vessels: On March 30, 2021, Navios Partners acquired the Navios Avior, a 2012-built Panamax vessel of 81,355 dwt, and the Navios Centaurus, a 2012-built Panamax vessel of 81,472 dwt, from Navios Holdings, for a purchase price of $39,250, including working capital balances of $(5,766).

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 a purchase price of $28,500.

As of June 30, 2021, Navios Holdings held 9.9% common unit interest in Navios Partners, represented by 2,562,893 common units. Olympos Maritime Ltd. held a general partner interest of 2.0% represented by 531,995 general partner units.

Notes receivable

6 Months Ended

Jun. 30, 2021

Receivables [Abstract]

Notes receivable

NOTE 14 – NOTES RECEIVABLE

Notes receivable

On July 15, 2016, the Company entered into a charter restructuring agreement for the reduction of the hire rate for five containerships chartered out to HMM which resulted in a decrease in cash charter hire to be received of approximately $38,461. More specifically, the reduction of the hire rate will be applied as follows:

• With effect from (and including) July 18, 2016 until (and including) December 31, 2019, hire rate shall be reduced to $24,400 per day pro rata.

• With effect from (and including) January 1, 2020, hire rate shall be restored to the rate of $30,500 per day pro rata until redelivery.

In exchange for the reduction of the hire rate, the Company received (i) $7,692 on principal amount of senior, unsecured notes, amortizing subject to available cash flows, accruing interest at 3% per annum payable on maturity in July 2024 and (ii) 3,657 freely tradable securities of HMM (publicly traded at the Stock Market Division of the Korean Exchange).

On July 18, 2016, the Company recognized the fair value of the HMM securities totaling $40,277 and also recognized the fair value of the senior unsecured notes totaling $6,074. The total fair value of the non-cash compensation received was recognized as deferred revenue, which will be amortized over the remaining duration of each time charter. The Company recognized non-cash interest income and discount unwinding totaling to $859 and $226, respectively, for these instruments under the caption “Interest income” in the condensed Consolidated Statements of Operations for each of the six month periods ended June 30, 2021 and 2020, respectively. On May 14, 2021, the outstanding balance of the notes receivable was settled. As of June 30, 2021 and December 31, 2020, the outstanding balance of the notes receivable, including accrued interest and discount unwinding, amounted to $0 and $8,013, respectively, presented under the caption “Notes Receivable, net of current portion” in the condensed Consolidated Balance Sheets.

For the six month periods ended June 30, 2021 and 2020, the Company recorded an amount of $559 and $562, respectively, of deferred revenue amortization in the condensed Consolidated Statements of Operations under the caption “Time charter and voyage revenues”.

As of June 30, 2021, the outstanding balances of the current and non-current portion of deferred revenue in relation to HMM amounted to $1,127 and $1,626, respectively. As of December 31, 2020, the outstanding balances of the current and non-current portion of deferred revenue in relation to HMM amounted to $1,127 and $2,185, respectively.

On January 12, 2017, the Company sold the vessel the MSC Cristina for a gross sale price of $126,000 and received a cash payment of $107,250 and a note receivable of $18,750 accruing interest at 6% per annum payable in 16 consecutive quarterly installments. As of June 30, 2021 and December 31, 2020, the outstanding balances of the current and non-current note receivable amounted to $0. For each of the six month periods ended June 30, 2021 and 2020, the Company recorded interest income of $0 and $105, respectively, including accrued interest income of $0 and $19, respectively under the caption “Interest income” in the condensed Consolidated Statements of Operations.

Investment in affiliates

6 Months Ended

Jun. 30, 2021

Investments in and Advances to Affiliates [Abstract]

Investment in affiliates

NOTE 15 – INVESTMENT IN AFFILIATES

Investment in affiliates

Navios Europe II: On February 18, 2015, Navios Holdings, Navios Acquisition and Navios Partners established Navios Europe II and have ownership interests of 47.5%, 47.5% and 5.0%, respectively. From June 8, 2015 through December 31, 2015, Navios Europe II acquired fourteen vessels for aggregate consideration consisting of: (i) cash consideration of $145,550 (which was funded with the proceeds of a $131,550 senior loan facilities net of loan discount amounting to $3,375 (the “Senior Loans II”) and loans aggregating $14,000 from Navios Holdings, Navios Acquisition and Navios Partners (collectively, the “Navios Term Loans II”); and (ii) the assumption of a junior participating loan facility (the “Junior Loan II”) with a face amount of $182,150 and fair value of $99,147, at the acquisition date. In addition to the Navios Term Loans II, Navios Holdings, Navios Acquisition and Navios Partners have also made available to Navios Europe II revolving loans up to $43,500 to fund working capital requirements (collectively, the “Navios Revolving Loans II”). In March 2017, the amount of funds available under the Navios Revolving Loans II was increased by $14,000.Following the liquidation of Navios Europe II on June 29, 2020, Navios Partners acquired five vessel owning companies for a fair value of $56,050 in total. As of June 30, 2021 and subsequent to the Liquidation of Navios Europe II, the Company had no exposure.

Navios Containers: On January 4, 2021, Navios Containers and the Company announced that they entered into a definitive merger agreement under which the Company would acquire all of the publicly held common units of Navios Containers in exchange for common units of the Company (the “Transaction”). The Transaction was approved by the necessary common unit holders of Navios Containers at a special meeting held on March 24, 2021. The General Partner of Navios Containers had consented to the merger, and the Company voted the Navios Containers’ common units it holds in favor of the Transaction. The Transaction was completed on March 31, 2021. Under the terms of the Transaction, Navios Partners acquired all of the publicly held common units of Navios Containers through the issuance of 8,133,452 newly issued common units of Navios Partners in exchange for the publicly held common units of Navios Containers at an exchange ratio of 0.39 units of Navios Partners for each Navios Containers common unit.

The fair value of Navios Partners’ equity investment in Navios Containers was based on unadjusted quoted prices in active markets for Navios Containers’ common units. The fair value of Navios Partners’ equity investment in Navios Containers as at December 31, 2020 was $47,528 compared with its carrying value of $26,158. Following the acquisition of Navios Containers, there was no equity investment and the balance was $0 as of June 30, 2021.

As of June 30, 2020, Navios Partners held 11,592,276 common units, representing a 33.5% ownership interest in Navios Containers. Investment income of $968 was recognized in the Statements of Operations under the caption of “Equity in net earnings of affiliated companies” for the six month periods ended June 30, 2020. Following the completion of the merger, Navios Partners recognized equity gain from acquisition of control of Navios Containers upon the closing date of $80,839 in the condensed Consolidated Statements of Operations under the caption of “Equity in net earnings of affiliated companies”, as of June 30 2021 (see Note 3 – Acquisition of Navios Containers).

Cash distributions and earnings per unit

6 Months Ended

Jun. 30, 2021

Cash Distributions And Earnings Per Unit

Cash distributions and earnings per unit

NOTE 16 – CASH DISTRIBUTIONS AND EARNINGS PER UNIT

On February 3, 2016, Navios Partners announced that its Board of Directors decided to suspend the quarterly cash distributions to its unitholders, including the distribution for the quarter ended December 31, 2015. In March 2018, the Board determined to reinstate a distribution and any continued distribution will be at the discretion of the Company’s Board of Directors, taking into consideration the terms of its partnership agreement. There is no guarantee that the Company will pay the quarterly distribution on the common units in any quarter. The amount of distributions paid under its policy and the decision to make any distribution is determined by the Company’s board of directors, taking into consideration the terms of its partnership agreement. 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 is incentive distribution rights held by Navios GP L.L.C., which are analyzed as follows:

Marginal Percentage Interest in Distributions

Total Quarterly Distribution
Target Amount Common
Unitholders
Incentive
Distribution
Right Holder
General
Partner

Minimum Quarterly Distribution up to $5.25 per unit 98% — 2%

First Target Distribution up to $6.0375 per unit 98% — 2%

Second Target Distribution above $ 6.0375 up to $6.5625 per unit 85% 13% 2%

Third Target Distribution above $6.5625 up to $7.875 per unit 75% 23% 2%

Thereafter above $7.875 per unit 50% 48% 2%

The first 98% of the quarterly distribution is paid to all common unitholders. The incentive distributions rights (held by the Navios GP L.L.C.) apply only after a minimum quarterly distribution of $6.0375 per unit.

In January 2020, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended December 31, 2019 of $0.30 per unit. The distribution was paid on February 13, 2020 to all unitholders of common units and general partner units of record as of February 11, 2020. The aggregate amount of the declared distribution was $3,365.

In April 2020, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended March 31, 2020 of $0.30 per unit. The distribution was paid on May 14, 2020 to all unitholders of common units and general partner units of record as of May 11, 2020. The aggregate amount of the declared distribution was $3,366.

In July 2020, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended June 30, 2020 of $0.05 per unit. The distribution was paid on August 13, 2020 to all unitholders of common units and general partner units of record as of August 10, 2020. The aggregate amount of the declared distribution was $562.

In January 2021, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended December 31, 2020 of $0.05 per unit. The distribution was paid on February 12, 2021 to all unitholders of common units and general partner units of record as of February 9, 2021. The aggregate amount of the declared distribution was $579.

In April 2021, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended March 31, 2021 of $0.05 per unit. The distribution was paid on May 14, 2021 to all unitholders of common units and general partner units of record as of May 11, 2021. The aggregate amount of the declared distribution was $1,127.

In July 2021, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended June 30, 2021 of $0.05 per unit. The distribution was paid on August 12, 2021 to all unitholders of common units and general partner units of record as of August 9, 2021. The aggregate amount of the declared distribution was $1,384.

Navios Partners calculates earnings per unit by allocating reported net income for each period to each class of units based on the distribution waterfall for available cash specified in Navios Partners’ partnership agreement, net of the unallocated earnings (or losses). Basic earnings/(losses) per 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 per unit is calculated in the same manner as basic earnings per unit, except that the weighted average number of outstanding units increased to include the dilutive effect of outstanding unit options or phantom units. Net loss per unit undistributed is determined by taking the distributions in excess of net income and allocating between common units and general partner units on a 98%-2% basis. There were no options or phantom units outstanding during each of the six month periods ended June 30, 2021 and 2020.

The calculations of the basic and diluted earnings per unit are presented below.

Three Month Period Ended

Six Month Period Ended

June 30,
2021

June 30,
2020

June 30,
2021

June 30,
2020

Net income / (loss) $ 99,913 $ (14,641) $ 236,592 $ (25,365)

Income / (loss) attributable to:

Common unitholders $ 97,914 $ (14,348) $ 231,860 $ (24,859)

Weighted average units outstanding basic

Common unitholders 22,653,219 10,847,487 17,041,426 10,846,405

Earnings / (loss) per unit basic:

Common unitholders $ 4.32 $ (1.32) $ 13.61 $ (2.29)

Weighted average units outstanding diluted

Common unitholders 22,739,569 10,847,487 17,127,776 10,846,405

Earnings / (loss) per unit diluted:

Common unitholders $ 4.31 $ (1.32) $ 13.54 $ (2.29)

Earnings / (loss) per unit distributed basic:

Common unit holders $ 0.05 $ 0.05 $ 0.10 $ 0.35

Earnings / (loss) per unit distributed diluted:

Common unitholders $ 0.05 $ 0.05 $ 0.10 $ 0.35

Earnings/ (loss) per unit undistributed basic:

Common unitholders $ 4.27 $ (1.37) $ 13.51 $ (2.64)

Earnings/ (loss) per unit undistributed diluted:

Common unit holders $ 4.26 $ (1.37) $ 13.44 $ (2.64)

Potential common units of 86,350 for the six month periods ended June 30, 2021 are included in the calculation of diluted earnings per unit and 140,191 relating to unvested restricted common units for the six month periods ended June 30, 2020, have an anti-dilutive effect (i.e. those that increase income per unit or decrease loss per unit) and are therefore excluded from the calculation of diluted earnings per unit.

Leases

6 Months Ended

Jun. 30, 2021

Leases

Leases

NOTE 17 – LEASES

Leases

Time charter out contracts and pooling arrangements

The Company’s contract revenues from time chartering and pooling arrangements are governed by ASC 842. Upon adoption of ASC 842, the timing and recognition of earnings from the time charter contracts and pool arrangements to which the Company is party did not change from previous practice. For further analysis, (see Note 2— Summary of Significant Accounting Policies).

Bareboat charter-in contract

On July 24, 2019, Navios Partners took delivery of the Navios Libra, a 2019-built Panamax vessel of 82,011 dwt, for a ten 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 and an average daily rate of $6. 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.

On May 28, 2021 and June 10, 2021, Navios Partners took delivery of the Navios Amitie and the Navios Star, two 2021-built Panamax vessels of 82,002 dwt and 81,994 dwt, respectively. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year and an average daily rate of $5.9. 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.

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 applied the respective incremental borrowing rate based on the remaining lease term of the specific lease. Navios Partners’ incremental borrowing rates were approximately 7% for Navios Libra and 5% for Navios Amite and Navios Star.

As of June 30, 2021 and December 31, 2020 the balance of the lease liability amounted $45,669 and $13,153, respectively, and is presented under the captions “Operating Lease Liabilities, current and non-current portion” in the condensed Consolidated Balance Sheets. Right of use asset amounted $45,862 and $13,285 as at June 30, 2021 and December 31, 2020, respectively, and is presented under the caption “Operating lease assets” in the condensed Consolidated Balance Sheets.

The Company recognizes the lease payments for its operating leases as charter hire on a straight-line basis over the lease term. Lease expense for the three and six month periods ended June 30, 2021 amounted to $841 and $1,354, respectively. Lease expense for each of the three and six month periods ended June 30, 2020 amounted to $519 and $1,037, respectively and is included under the caption “Time charter and voyage expenses” in the condensed Consolidated Statements of Operations.

The table below provides the total amount of lease payments on an undiscounted basis on the Company’s chartered-in contracts as of June 30, 2021:

Leases


	Amount
2022	6,668
2023	6,583
2024	6,592
2025	6,388
2026 and thereafter	33,172
Total	$ 59,403
Operating lease liabilities, including current portion	$ 45,669
Discount based on incremental borrowing rate	$ 13,734

Sale and Lease Back Agreements

During the years from 2018 to 2021, the Company has entered into sale and leaseback agreements with unrelated third parties for various vessels of the Company’s fleet. Navios Partners has purchase obligations to acquire the vessels at the end of the lease terms, consequently under ASC 842-40 the transfers of the vessels were determined to be failed sales and were treated as financing transactions. The vessels were not derecognized and continue to be depreciated over their respective useful lives, and tested for impairment as per Company’s policy (see Note 7- Borrowings).

Subsequent events

6 Months Ended

Jun. 30, 2021

Subsequent Events [Abstract]

Subsequent events

NOTE 18 – SUBSEQUENT EVENTS

Subsequent events

Merger

On August 25, 2021, Navios Partners and its direct wholly-owned subsidiary, Navios Acquisition Merger Sub. Inc. (“Merger Sub”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Navios Maritime Acquisition Corporation (“Navios Acquisition”). Pursuant to the Merger Agreement, Merger Sub will be merged with and into Navios Acquisition, with Navios Acquisition being the surviving entity (the “Merger”). Upon consummation of the Merger, Navios Acquisition will become wholly owned by Navios Partners. The Merger Agreement was unanimously approved by a special committee of the board of directors of Navios Acquisition and its board of directors and by Navios Partners’ conflict committee and its board of directors.

Under the terms of the Merger Agreement, upon consummation of the Merger, each outstanding share of common stock of Navios Acquisition (“Navios Acquisition Common Stock”) that is held by a holder other than Navios Partners, Navios Acquisition and their respective subsidiaries will be converted into the right to receive 0.1275 of a common unit of Navios Partners.

Pursuant to the Merger Agreement, Navios Partners will file with the Securities and Exchange Commission (“SEC”) a registration statement on Form F-4, which will include a proxy statement/prospectus describing the Merger and Navios Partners’ common units to be issued in the Merger. After the registration statement is declared effective by the SEC, the proxy statement/prospectus will be mailed to holders of Navios Acquisition Common Stock and Navios Acquisition will hold a special meeting of the holders of Navios Acquisition Common Stock (the “Navios Acquisition Stockholders’ Meeting”) to vote on the Merger Agreement and the Merger. Under the terms of the Merger Agreement, Navios Partners, which, subsequent to the Equity Issuance, described below, beneficially owns 44,117,647 shares of Navios Acquisition Common Stock or approximately 62.4% of the outstanding shares of Navios Acquisition Common Stock, has agreed to vote those shares of Navios Acquisition Common Stock in favor of the Merger and the Merger Agreement at the Navios Acquisition Stockholders’ Meeting. The closing of the Merger is conditioned upon, customary terms and conditions.

NMM Loan Agreement

In connection with the execution of the Merger Agreement, on August 24, 2021, Navios Acquisition and Navios Partners entered into a loan agreement (the “Navios Partners Loan Agreement”) under which Navios Partners agreed to make available to Navios Acquisition a working capital facility of up to $45,000. As of the date hereof, the full amount of the facility has been drawn by Navios Acquisition. The full amounts borrowed, including accrued and unpaid interest are due and payable on the date that is one year following the date of the draw. The facility bears interest at the rate of 11.50% per annum.

Redemption and Discharge of Ship Mortgage Notes

Pursuant to the Merger Agreement, on August 26, 2021, Navios Acquisition called for redemption of all of its outstanding 8.125% First Priority Ship Mortgage Notes due November 15, 2021 (the “Ship Mortgage Notes”) and remitted to the indenture trustee the aggregate redemption price payable to the holders of the Ship Mortgage Notes to satisfy and discharge Navios Acquisition’s obligations under the indenture relating to the Ship Mortgage Notes. The redemption date for the Ship Mortgage Notes will be September 25, 2021.

Navios Acquisition funded the approximately $397,478 aggregate redemption price with net proceeds from (i) the purchase by Navios Partners pursuant to the Merger Agreement of 44,117,647 newly issued shares of Navios Acquisition Common Stock for an aggregate purchase price of $150,000, or $3.40 per share (the “Equity Issuance”), and (ii) new secured borrowings by Navios Acquisition and its subsidiaries. The shares of Navios Acquisition Common Stock purchased by Navios Partners pursuant to the Equity Issuance will be cancelled in the Merger for no consideration.

On August 25, 2021, Navios Partners completed a $15,000 sale and leaseback transaction with an unrelated third party, for a 2009-built Capesize vessel. The sale and leaseback transaction has a duration of six years and an implied fixed interest rate of approximately 6.1%. Navios Partners has the option to buy the vessel starting at the end of year three which de-escalates until maturity to $5,000 obligation.

On August 25, 2021, Navios Partners agreed to sell the Navios Altair I, a 2006-built Panamax vessel of 74,475 dwt to an unrelated third party for a net sale price of $13,532. The sale is expected to be completed during the third quarter of 2021.

On August 19, 2021, Navios Partners entered into a new credit facility with a commercial bank for a total amount of up to $18,000 in order to finance the acquisition of a 2011-built Capesize vessel. The credit facility matures in the third quarter of 2026 and bears interest at LIBOR plus 2.85% per annum. On August 20, 2021, the full amount was drawn, net of the loan’s discount of $180.

On August 16, 2021, Navios Partners completed the sale of the Harmony N, a 2006-built Containership of 2,824 TEU, to an unrelated third party for a net sale price of $28,710.

On August 13, 2021, Navios Partners completed the sale of the Navios Azalea, a 2005-built Panamax vessel of 74,759 dwt, to an unrelated third party for a net sale price of $12,740.

In July 2021, Navios Partners agreed to purchase six 5,300 TEU newbuilding containerships (four plus two optional) for a purchase price of $61,600 each. The vessels are expected to be delivered in Navios Partners’ fleet during the second half of 2023 and 2024.

On July 31, 2021, Navios Partners completed the sale of the Navios Dedication, a 2008-built Containership of 4,250 TEU to an unrelated third party for a net sale price of $33,893.

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 a purchase price of $30,000.

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Basis of presentation:

Principles of consolidation:

(b) Principles of consolidation: The accompanying condensed consolidated financial statements include Navios Partners’ wholly owned subsidiaries incorporated under the laws of Marshall Islands, Malta, and Liberia from their dates of incorporation 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: Subsidiaries are those entities in which Navios Partners has an interest of more than one half of the voting rights or otherwise has power to govern the financial and operating policies of the entity.

The accompanying interim condensed consolidated financial statements include the following entities:

Company name Vessel name Country of incorporation 2021 2020

Libra Shipping Enterprises Corporation⁽¹⁾ — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Alegria Shipping Corporation Navios Alegria Marshall Is. 01/01 – 06/30 01/01 – 06/30

Felicity Shipping Corporation⁽²⁾ — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Gemini Shipping Corporation⁽³⁾ — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Galaxy Shipping Corporation⁽⁴⁾ — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Aurora Shipping Enterprises Ltd. Navios Hope Marshall Is. 01/01 – 06/30 01/01 – 06/30

Palermo Shipping S.A.⁽⁵⁾ — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Fantastiks Shipping Corporation⁽¹²⁾ Navios Fantastiks Marshall Is. 01/01 – 06/30 01/01 – 06/30

Sagittarius Shipping Corporation⁽¹²⁾ Navios Sagittarius Marshall Is. 01/01 – 06/30 01/01 – 06/30

Hyperion Enterprises Inc. Navios Hyperion Marshall Is. 01/01 – 06/30 01/01 – 06/30

Chilali Corp. Navios Aurora II Marshall Is. 01/01 – 06/30 01/01 – 06/30

Surf Maritime Co. Navios Pollux Marshall Is. 01/01 – 06/30 01/01 – 06/30

Pandora Marine Inc. Navios Melodia Marshall Is. 01/01 – 06/30 01/01 – 06/30

Customized Development S.A. Navios Fulvia Liberia 01/01 – 06/30 01/01 – 06/30

Kohylia Shipmanagement S.A. Navios Luz Marshall Is. 01/01 – 06/30 01/01 – 06/30

Orbiter Shipping Corp. Navios Orbiter Marshall Is. 01/01 – 06/30 01/01 – 06/30

Floral Marine Ltd. Navios Buena Ventura Marshall Is. 01/01 – 06/30 01/01 – 06/30

Golem Navigation Limited⁽¹³⁾ Navios Soleil Marshall Is. 01/01 – 06/30 01/01 – 06/30

Kymata Shipping Co. Navios Helios Marshall Is. 01/01 – 06/30 01/01 – 06/30

Joy Shipping Corporation Navios Joy Marshall Is. 01/01 – 06/30 01/01 – 06/30

Micaela Shipping Corporation Navios Harmony Marshall Is. 01/01 – 06/30 01/01 – 06/30

Pearl Shipping Corporation Navios Sun Marshall Is. 01/01 – 06/30 01/01 – 06/30

Velvet Shipping Corporation Navios La Paix Marshall Is. 01/01 – 06/30 01/01 – 06/30

Perigiali Navigation Limited⁽¹²⁾ Navios Beaufiks Marshall Is. 01/01 – 06/30 01/01 – 06/30

Finian Navigation Co.⁽¹²⁾ Navios Ace Marshall Is. 01/01 – 06/30 01/01 – 06/30

Ammos Shipping Corp. Navios Prosperity I Marshall Is. 01/01 – 06/30 01/01 – 06/30

Wave Shipping Corp. Navios Libertas Marshall Is. 01/01 – 06/30 01/01 – 06/30

Casual Shipholding Co.⁽¹²⁾ Navios Sol Marshall Is. 01/01 – 06/30 01/01 – 06/30

Avery Shipping Company Navios Symphony Marshall Is. 01/01 – 06/30 01/01 – 06/30

Coasters Ventures Ltd. Navios Christine B Marshall Is. 01/01 – 06/30 01/01 – 06/30

Ianthe Maritime S.A. Navios Aster Marshall Is. 01/01 – 06/30 01/01 – 06/30

Rubina Shipping Corporation Hyundai Hongkong Marshall Is. 01/01 – 06/30 01/01 – 06/30

Topaz Shipping Corporation Hyundai Singapore Marshall Is. 01/01 – 06/30 01/01 – 06/30

Beryl Shipping Corporation Hyundai Tokyo Marshall Is. 01/01 – 06/30 01/01 – 06/30

Cheryl Shipping Corporation Hyundai Shanghai Marshall Is. 01/01 – 06/30 01/01 – 06/30

Christal Shipping Corporation Hyundai Busan Marshall Is. 01/01 – 06/30 01/01 – 06/30

Dune Shipping Corp.⁽⁶⁾ — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Citrine Shipping Corporation — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Cavalli Navigation Inc. — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Seymour Trading Limited⁽³²⁾ Navios Altair I Marshall Is. 01/01 – 06/30 01/01 – 06/30

Goldie Services Company Navios Symmetry Marshall Is. 01/01 – 06/30 01/01 – 06/30

Andromeda Shiptrade Limited Navios Apollon I Marshall Is. 01/01 – 06/30 01/01 – 06/30

Esmeralda Shipping Corporation Navios Sphera Marshall Is. 01/01 – 06/30 01/01 – 06/30

Triangle Shipping Corporation Navios Mars Marshall Is. 01/01 – 06/30 01/01 – 06/30

Oceanus Shipping Corporation^(7)(19) Castor N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Cronus Shipping Corporation⁽⁷⁾ Protostar N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Leto Shipping Corporation^(7)(17) Esperanza N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Dionysus Shipping Corporation^(7)(30) Harmony N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Prometheus Shipping Corporation^(7)(18) Solar N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Camelia Shipping Inc.⁽⁸⁾ Navios Camelia Marshall Is. 01/01 – 06/30 01/01 – 06/30

Anthos Shipping Inc.⁽⁸⁾ Navios Anthos Marshall Is. 01/01 – 06/30 01/01 – 06/30

Azalea Shipping Inc.^(8)(31) Navios Azalea Marshall Is. 01/01 – 06/30 01/01 – 06/30

Amaryllis Shipping Inc.⁽⁸⁾ Navios Amaryllis Marshall Is. 01/01 – 06/30 01/01 – 06/30

Zaffre Shipping Corporation⁽¹⁴⁾ Serenitas N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Wenge Shipping Corporation^(14)(20) Joie N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Sunstone Shipping Corporation⁽¹⁴⁾ Copernicus N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Fandango Shipping Corporation⁽¹⁴⁾ Unity N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Flavescent Shipping Corporation⁽¹⁴⁾ Odysseus N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Emery Shipping Corporation⁽¹⁵⁾ Navios Gem Marshall Is. 01/01 – 06/30 —

Rondine Management Corp.⁽¹⁵⁾ Navios Victory Marshall Is. 01/01 – 06/30 —

Solange Shipping Ltd.⁽¹⁶⁾ Navios Avior Marshall Is. 03/30 – 06/30 —

Mandora Shipping Ltd.⁽¹⁶⁾ Navios Centaurus Marshall Is. 03/30 – 06/30 —

Olympia II Navigation Limited Navios Domino Marshall Is. 03/31 – 06/30 —

Pingel Navigation Limited Navios Delight Marshall Is. 03/31 – 06/30 —

Ebba Navigation Limited Navios Destiny Marshall Is. 03/31 – 06/30 —

Clan Navigation Limited Navios Devotion Marshall Is. 03/31 – 06/30 —

Sui An Navigation Limited⁽²³⁾ Navios Dedication Marshall Is. 03/31 – 06/30 —

Bertyl Ventures Co. Navios Azure Marshall Is. 03/31 – 06/30 —

Silvanus Marine Company Navios Summer Marshall Is. 03/31 – 06/30 —

Anthimar Marine Inc. Navios Amarillo Marshall Is. 03/31 – 06/30 —

Enplo Shipping Limited Navios Verde Marshall Is. 03/31 – 06/30 —

Morven Chartering Inc. Navios Verano Marshall Is. 03/31 – 06/30 —

Rodman Maritime Corp. Navios Spring Marshall Is. 03/31 – 06/30 —

Isolde Shipping Inc. Navios Indigo Marshall Is. 03/31 – 06/30 —

Velour Management Corp. Navios Vermilion Marshall Is. 03/31 – 06/30 —

Evian Shiptrade Ltd. Navios Amaranth Marshall Is. 03/31 – 06/30 —

Theros Ventures Limited Navios Lapis Marshall Is. 03/31 – 06/30 —

Legato Shipholding Inc. Navios Tempo Marshall Is. 03/31 – 06/30 —

Inastros Maritime Corp. Navios Chrysalis Marshall Is. 03/31 – 06/30 —

Zoner Shiptrade S.A. Navios Dorado Marshall Is. 03/31 – 06/30 —

Jasmer Shipholding Ltd. Navios Nerine Marshall Is. 03/31 – 06/30 —

Thetida Marine Co. Navios Magnolia Marshall Is. 03/31 – 06/30 —

Jaspero Shiptrade S.A. Navios Jasmine Marshall Is. 03/31 – 06/30 —

Peran Maritime Inc. Navios Felicitas Marshall Is. 03/31 – 06/30 —

Nefeli Navigation S.A. Navios Unison Marshall Is. 03/31 – 06/30 —

Fairy Shipping Corporation Navios Utmost Marshall Is. 03/31 – 06/30 —

Limestone Shipping Corporation Navios Unite Marshall Is. 03/31 – 06/30 —

Crayon Shipping Ltd Navios Miami Marshall Is. 03/31 – 06/30 —

Chernava Marine Corp. Bahamas Marshall Is. 03/31 – 06/30 —

Proteus Shiptrade S.A Bermuda Marshall Is. 03/31 – 06/30 —

Vythos Marine Corp. Navios Constellation Marshall Is. 03/31 – 06/30 —

Prosperity Shipping Corporation — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Aldebaran Shipping Corporation — Marshall Is. 01/01 – 06/30 01/01 – 06/30

JTC Shipping and Trading Ltd.⁽¹¹⁾ Holding Company Malta 01/01 – 06/30 01/01 – 06/30

Navios Maritime Partners L.P. N/A Marshall Is. 01/01 – 06/30 01/01 – 06/30

Navios Maritime Operating LLC. N/A Marshall Is. 01/01 – 06/30 01/01 – 06/30

Navios Partners Finance (US) Inc. Co-Borrower Delaware 01/01 – 06/30 01/01 – 06/30

Navios Partners Europe Finance Inc. Sub-Holding Company Marshall Is. 01/01 – 06/30 01/01 – 06/30

Navios Maritime Containers Sub L.P. Sub-Holding Company Marshall Is. 03/31 – 06/30 —

Navios Partners Containers Finance Inc. Sub-Holding Company Marshall Is. 03/31 – 06/30 —

Boheme Navigation Company Sub-Holding Company Marshall Is. 03/31 – 06/30 —

Navios Partners Containers Inc. Sub-Holding Company Marshall Is. 03/31 – 06/30 —

Iliada Shipping S.A. Operating Company Marshall Is. 03/31 – 06/30 —

Vinetree Marine Company Operating Company Marshall Is. 03/31 – 06/30 —

Afros Maritime Inc. Operating Company Marshall Is. 03/31 – 06/30 —

Cavos Navigation Co.⁽⁹⁾ Navios Libra Marshall Is. 01/01 – 06/30 01/01 – 06/30

Perivoia Shipmanagement Co.⁽¹⁰⁾ Navios Amitie Marshall Is. 01/01 – 06/30 01/01 – 06/30

Pleione Management Limited⁽¹⁰⁾ Navios Star Marshall Is. 01/01 – 06/30 01/01 – 06/30

Bato Marine Corp.⁽²¹⁾ TBN 1 Marshall Is. 03/05 – 06/30 —

Agron Navigation Company⁽²¹⁾ TBN 2 Marshall Is. 03/05 – 06/30 —

Teuta Maritime S.A.⁽²¹⁾ TBN 3 Marshall Is. 03/05 – 06/30 —

Ambracia Navigation Company⁽²¹⁾ TBN 4 Marshall Is. 03/05 – 06/30 —

Artala Shipping Co.⁽²²⁾ TBN 5 Marshall Is. 03/05 – 06/30 —

Migen Shipmanagement Ltd. Sub-Holding Company Marshall Is. 03/05 – 06/30 —

Bole Shipping Corporation⁽²⁴⁾ Spectrum N Marshall Is. 04/28 – 06/30 —

Brandeis Shipping Corporation⁽²⁴⁾ Ete N Marshall Is. 05/10 – 06/30 —

Buff Shipping Corporation⁽²⁴⁾ Fleur N Marshall Is. 05/10 – 06/30 —

Morganite Shipping Corporation⁽²⁵⁾ TBN 6 Marshall Is. 06/01 – 06/30 —

Balder Martitime Ltd.⁽²⁶⁾ Navios Koyo Marshall Is. 06/04 – 06/30 —

Melpomene Shipping Corporation⁽²⁷⁾ TBN 8 Marshall Is. 06/23 – 06/30 —

Urania Shipping Corporation⁽²⁷⁾ TBN 9 Marshall Is. 06/23 – 06/30 —

Terpsichore Shipping Corporation⁽²⁸⁾ TBN 10 Marshall Is. 06/23 – 06/30 —

Erato Shipping Corporation⁽²⁸⁾ TBN 11 Marshall Is. 06/23 – 06/30 —

Lavender Shipping Corporation⁽²⁹⁾ Navios Ray Marshall Is. 06/30 – 06/30 —

Nostos Shipmanagement Corp. ⁽²⁹⁾ Navios Bonavis Marshall Is. 06/30 – 06/30 —

(1) The vessel was sold on December 14, 2018.

(2) The vessel was sold on December 4, 2018.

(3) The vessel was sold on December 21, 2017.

(4) The vessel was sold on April 23, 2019.

(5) The vessel was sold on April 21, 2017.

(6) The vessel was sold on January 12, 2017.

(7) The vessels were acquired on December 13, 2019, following the liquidation of Navios Europe I.

(8) The vessels were acquired on December 16, 2019.

(9) The vessel was delivered on July 24, 2019 (see Note 17 - Leases).

(10) The vessels were delivered on May 28, 2021 and June 10, 2021 (see Note 17 - 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 17 - Leases).

(13) The vessel was sold on December 10, 2020 (see Note 5 – Vessels, net).

(14) The vessels were acquired on June 29, 2020, following the liquidation of Navios Europe II (see Note 5 - Vessels, net).

(15) The vessels were acquired on September 30, 2020, from Navios Holdings (see Note 5 - Vessels, net).

(16) The vessels were acquired on March 30, 2021, from Navios Holdings (see Note 5 – Vessels, net).

(17) The vessel was sold on January 13, 2021(see Note 5 – Vessels, net).

(18) The vessel was sold on January 28, 2021 (see Note 5 – Vessels, net).

(19) The vessel was sold on February 10, 2021 (see Note 5 – Vessels, net).

(20) The vessel was sold on March 25, 2021 (see Note 5 – Vessels, net).

(21) Expected to be delivered by the second half of 2022.

(22) Expected to be delivered in the second quarter of 2023.

(23) The vessel was sold on July 31, 2021.

(24) The vessels were acquired on May 10, 2021 (see Note 5 – Vessels, net).

(25) Expected to be delivered in the first quarter of 2023.

(26) The vessel was acquired on June 4, 2021, from Navios Holdings (see Note 5 - Vessels, net).

(27) Expected to be delivered by the second half of 2023.

(28) Expected to be delivered by the first half of 2024.

(29) The vessel was acquired on June 30, 2021, from Navios Holdings (see Note 5 - Vessels, net).

(30) The vessel was sold on August 16, 2021.

(31) The vessel was sold on August 13, 2021.

(32) The vessel was agreed to be sold and the sale is expected to be completed during the third quarter of 2021.

Investments in Affiliates: Affiliates are entities over which the Company generally has between 20% and 50% of the voting rights, or over which the Company has significant influence, but it does not exercise control. Investments in these entities are accounted for under the equity method of accounting. Under this method, the Company records an investment in the stock of an affiliate at cost, and adjusts the carrying amount for its share of the earnings or losses of the affiliate subsequent to the date of investment and reports the recognized earnings or losses in income. Dividends received from an affiliate reduce the carrying amount of the investment. The Company recognizes gains and losses in earnings for the issuance of shares by its affiliates, provided that the issuance of such shares qualifies as a sale of such shares. When the Company’s share of losses in an affiliate equals or exceeds its interest in the affiliate, the Company does not recognize further losses, unless the Company has incurred obligations or made payments on behalf of the affiliate. For the six month period ended June 30, 2020, the amount of $6,900 was recognized as impairment of receivable in affiliated company, related to the other-than-temporary impairment recognized in the Navios Partners’ receivable from Navios Europe II.

Affiliates included in the financial statements accounted for under the equity method: In the consolidated financial statements of Navios Partners, the following entities are included as affiliates and are accounted for under the equity method for such periods: (i) Navios Containers and its subsidiaries (ownership interest as of June 30, 2020 was 33.5%), following the completion of the merger, as of March 31, 2021, Navios Containers was acquired by Navios Partners and ownership was 100%; and (ii) Navios Europe II and its subsidiaries (ownership interest through the date of its liquidation on June 29, 2020 was 5.0%) (see Note 3 – Acquisition of Navios Containers).

Revenue and Expense Recognition:

Revenue and Expense Recognition: On January 1, 2018, the Company adopted the provisions of ASC 606 “Revenue from Contracts with Customers” using the modified retrospective approach. In doing so, the Company makes judgments including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price, and allocating the transaction price to each performance obligation. Revenue is recognized when (or as) the Company transfers promised goods or services to its customers in amounts that reflect the consideration to which the company expects to be entitled to in exchange for those goods or services, which occurs when (or as) the Company satisfies its contractual obligations and transfers control of the promised goods or services to its customers. Revenues are recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In determining the appropriate amount of revenue to be recognized as it fulfills its obligations under its agreements, the Company performs the following steps: (i) identification of the promised goods or services in the contract; (ii) determination of whether the promised goods or services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations based on estimated selling prices; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation.

The Company’s contract revenues from time chartering and pooling arrangements are governed by ASU 2016-02 (ASC 842) “Leases”. Upon adoption of ASC 606 and ASC 842, the timing and recognition of earnings from the pool arrangements and time charter contracts to which the Company is party did not change from previous practice. 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.

Revenue from time chartering

Revenues from time 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. 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 of vessels amounted to $145,241 and $45,679 for the three month periods ended June 30, 2021 and 2020, respectively. Revenue from time chartering of vessels amounted to $207,740 and $91,328 for the six month periods ended June 30, 2021 and 2020, respectively.

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 $4,389 and $306 for the three month periods ended June 30, 2021 and 2020, respectively. Revenue from voyage contracts amounted to $5,609 and $306 for the six month periods ended June 30, 2021 and 2020, respectively.

Pooling arrangements

For vessels operating in pooling arrangements, the Company earns a portion of total revenues generated by the pool, net of expenses incurred by the pool. The amount allocated to each pool participant vessel, including the Company’s vessels, is determined in accordance with an agreed-upon formula, which is determined by points awarded to each vessel in the pool based on the vessel’s age, design and other performance characteristics. Revenue under pooling arrangements is accounted for as variable rate operating leases on the accrual basis and is recognized when an agreement with the pool exists, price is fixed, service is provided and the collectability is reasonably assured. The allocation of such net revenue may be subject to future adjustments by the pool however, such changes are not expected to be material. The Company recognizes net pool revenue on a monthly and quarterly basis, when the vessel has participated in a pool during the period and the amount of pool revenue can be estimated reliably based on the pool report. Revenue from vessels operating in pooling arrangements amounted to $2,379 and $564 for the three month periods ended June 30, 2021 and 2020, respectively. Revenue from vessels operating in pooling arrangements amounted to $3,723 and $1,405 for the six month periods ended June 30, 2021 and 2020, 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. There was no profit sharing revenue for each of three and six month periods ended June 30, 2021 and June 30, 2020.

Revenues are recorded net of address commissions. Address commissions represent a discount provided directly to the charterers based on a fixed percentage of the agreed upon charter or freight rate. Since address commissions represent a discount (sales incentive) on services rendered by the Company and no identifiable benefit is received in exchange for the consideration provided to the charterer, these commissions are presented as a reduction of revenue.

Recent Accounting Pronouncements:

Recent Accounting Pronouncements:

These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in Navios Partners’ Annual Report on Form 20-F for the year ended December 31, 2020.

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Summary of Significant Accounting Policies - Entities included in consolidation


Company name	Vessel name	Country of incorporation	2021	2020
Libra Shipping Enterprises Corporation⁽¹⁾	—	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Alegria Shipping Corporation	Navios Alegria	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Felicity Shipping Corporation⁽²⁾	—	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Gemini Shipping Corporation⁽³⁾	—	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Galaxy Shipping Corporation⁽⁴⁾	—	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Aurora Shipping Enterprises Ltd.	Navios Hope	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Palermo Shipping S.A.⁽⁵⁾	—	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Fantastiks Shipping Corporation⁽¹²⁾	Navios Fantastiks	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Sagittarius Shipping Corporation⁽¹²⁾	Navios Sagittarius	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Hyperion Enterprises Inc.	Navios Hyperion	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Chilali Corp.	Navios Aurora II	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Surf Maritime Co.	Navios Pollux	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Pandora Marine Inc.	Navios Melodia	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Customized Development S.A.	Navios Fulvia	Liberia	01/01 – 06/30	01/01 – 06/30
Kohylia Shipmanagement S.A.	Navios Luz	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Orbiter Shipping Corp.	Navios Orbiter	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Floral Marine Ltd.	Navios Buena Ventura	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Golem Navigation Limited⁽¹³⁾	Navios Soleil	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Kymata Shipping Co.	Navios Helios	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Joy Shipping Corporation	Navios Joy	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Micaela Shipping Corporation	Navios Harmony	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Pearl Shipping Corporation	Navios Sun	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Velvet Shipping Corporation	Navios La Paix	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Perigiali Navigation Limited⁽¹²⁾	Navios Beaufiks	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Finian Navigation Co.⁽¹²⁾	Navios Ace	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Ammos Shipping Corp.	Navios Prosperity I	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Wave Shipping Corp.	Navios Libertas	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Casual Shipholding Co.⁽¹²⁾	Navios Sol	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Avery Shipping Company	Navios Symphony	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Coasters Ventures Ltd.	Navios Christine B	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Ianthe Maritime S.A.	Navios Aster	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Rubina Shipping Corporation	Hyundai Hongkong	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Topaz Shipping Corporation	Hyundai Singapore	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Beryl Shipping Corporation	Hyundai Tokyo	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Cheryl Shipping Corporation	Hyundai Shanghai	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Christal Shipping Corporation	Hyundai Busan	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Dune Shipping Corp.⁽⁶⁾	—	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Citrine Shipping Corporation	—	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Cavalli Navigation Inc.	—	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Seymour Trading Limited⁽³²⁾	Navios Altair I	Marshall Is.	01/01 – 06/30	01/01 – 06/30
Goldie Services Company	Navios Symmetry	Marshall Is.	01/01 – 06/30	01/01 – 06/30

Andromeda Shiptrade Limited Navios Apollon I Marshall Is. 01/01 – 06/30 01/01 – 06/30

Esmeralda Shipping Corporation Navios Sphera Marshall Is. 01/01 – 06/30 01/01 – 06/30

Triangle Shipping Corporation Navios Mars Marshall Is. 01/01 – 06/30 01/01 – 06/30

Oceanus Shipping Corporation^(7)(19) Castor N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Cronus Shipping Corporation⁽⁷⁾ Protostar N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Leto Shipping Corporation^(7)(17) Esperanza N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Dionysus Shipping Corporation^(7)(30) Harmony N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Prometheus Shipping Corporation^(7)(18) Solar N Marshall Is. 01/01 – 06/30 01/01 – 06/30

Camelia Shipping Inc.⁽⁸⁾ Navios Camelia Marshall Is. 01/01 – 06/30 01/01 – 06/30

Anthos Shipping Inc.⁽⁸⁾ Navios Anthos Marshall Is. 01/01 – 06/30 01/01 – 06/30

Azalea Shipping Inc.^(8)(31) Navios Azalea Marshall Is. 01/01 – 06/30 01/01 – 06/30

Amaryllis Shipping Inc.⁽⁸⁾ Navios Amaryllis Marshall Is. 01/01 – 06/30 01/01 – 06/30

Zaffre Shipping Corporation⁽¹⁴⁾ Serenitas N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Wenge Shipping Corporation^(14)(20) Joie N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Sunstone Shipping Corporation⁽¹⁴⁾ Copernicus N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Fandango Shipping Corporation⁽¹⁴⁾ Unity N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Flavescent Shipping Corporation⁽¹⁴⁾ Odysseus N Marshall Is. 01/01 – 06/30 06/29 – 06/30

Emery Shipping Corporation⁽¹⁵⁾ Navios Gem Marshall Is. 01/01 – 06/30 —

Rondine Management Corp.⁽¹⁵⁾ Navios Victory Marshall Is. 01/01 – 06/30 —

Solange Shipping Ltd.⁽¹⁶⁾ Navios Avior Marshall Is. 03/30 – 06/30 —

Mandora Shipping Ltd.⁽¹⁶⁾ Navios Centaurus Marshall Is. 03/30 – 06/30 —

Olympia II Navigation Limited Navios Domino Marshall Is. 03/31 – 06/30 —

Pingel Navigation Limited Navios Delight Marshall Is. 03/31 – 06/30 —

Ebba Navigation Limited Navios Destiny Marshall Is. 03/31 – 06/30 —

Clan Navigation Limited Navios Devotion Marshall Is. 03/31 – 06/30 —

Sui An Navigation Limited⁽²³⁾ Navios Dedication Marshall Is. 03/31 – 06/30 —

Bertyl Ventures Co. Navios Azure Marshall Is. 03/31 – 06/30 —

Silvanus Marine Company Navios Summer Marshall Is. 03/31 – 06/30 —

Anthimar Marine Inc. Navios Amarillo Marshall Is. 03/31 – 06/30 —

Enplo Shipping Limited Navios Verde Marshall Is. 03/31 – 06/30 —

Morven Chartering Inc. Navios Verano Marshall Is. 03/31 – 06/30 —

Rodman Maritime Corp. Navios Spring Marshall Is. 03/31 – 06/30 —

Isolde Shipping Inc. Navios Indigo Marshall Is. 03/31 – 06/30 —

Velour Management Corp. Navios Vermilion Marshall Is. 03/31 – 06/30 —

Evian Shiptrade Ltd. Navios Amaranth Marshall Is. 03/31 – 06/30 —

Theros Ventures Limited Navios Lapis Marshall Is. 03/31 – 06/30 —

Legato Shipholding Inc. Navios Tempo Marshall Is. 03/31 – 06/30 —

Inastros Maritime Corp. Navios Chrysalis Marshall Is. 03/31 – 06/30 —

Zoner Shiptrade S.A. Navios Dorado Marshall Is. 03/31 – 06/30 —

Jasmer Shipholding Ltd. Navios Nerine Marshall Is. 03/31 – 06/30 —

Thetida Marine Co. Navios Magnolia Marshall Is. 03/31 – 06/30 —

Jaspero Shiptrade S.A. Navios Jasmine Marshall Is. 03/31 – 06/30 —

Peran Maritime Inc. Navios Felicitas Marshall Is. 03/31 – 06/30 —

Nefeli Navigation S.A. Navios Unison Marshall Is. 03/31 – 06/30 —

Fairy Shipping Corporation Navios Utmost Marshall Is. 03/31 – 06/30 —

Limestone Shipping Corporation Navios Unite Marshall Is. 03/31 – 06/30 —

Crayon Shipping Ltd Navios Miami Marshall Is. 03/31 – 06/30 —

Chernava Marine Corp. Bahamas Marshall Is. 03/31 – 06/30 —

Proteus Shiptrade S.A Bermuda Marshall Is. 03/31 – 06/30 —

Vythos Marine Corp. Navios Constellation Marshall Is. 03/31 – 06/30 —

Prosperity Shipping Corporation — Marshall Is. 01/01 – 06/30 01/01 – 06/30

Aldebaran Shipping Corporation — Marshall Is. 01/01 – 06/30 01/01 – 06/30

JTC Shipping and Trading Ltd.⁽¹¹⁾ Holding Company Malta 01/01 – 06/30 01/01 – 06/30

Navios Maritime Partners L.P. N/A Marshall Is. 01/01 – 06/30 01/01 – 06/30

Navios Maritime Operating LLC. N/A Marshall Is. 01/01 – 06/30 01/01 – 06/30

Navios Partners Finance (US) Inc. Co-Borrower Delaware 01/01 – 06/30 01/01 – 06/30

Navios Partners Europe Finance Inc. Sub-Holding Company Marshall Is. 01/01 – 06/30 01/01 – 06/30

Navios Maritime Containers Sub L.P. Sub-Holding Company Marshall Is. 03/31 – 06/30 —

Navios Partners Containers Finance Inc. Sub-Holding Company Marshall Is. 03/31 – 06/30 —

Boheme Navigation Company Sub-Holding Company Marshall Is. 03/31 – 06/30 —

Navios Partners Containers Inc. Sub-Holding Company Marshall Is. 03/31 – 06/30 —

Iliada Shipping S.A. Operating Company Marshall Is. 03/31 – 06/30 —

Vinetree Marine Company Operating Company Marshall Is. 03/31 – 06/30 —

Afros Maritime Inc. Operating Company Marshall Is. 03/31 – 06/30 —

Cavos Navigation Co.⁽⁹⁾ Navios Libra Marshall Is. 01/01 – 06/30 01/01 – 06/30

Perivoia Shipmanagement Co.⁽¹⁰⁾ Navios Amitie Marshall Is. 01/01 – 06/30 01/01 – 06/30

Pleione Management Limited⁽¹⁰⁾ Navios Star Marshall Is. 01/01 – 06/30 01/01 – 06/30

Bato Marine Corp.⁽²¹⁾ TBN 1 Marshall Is. 03/05 – 06/30 —

Agron Navigation Company⁽²¹⁾ TBN 2 Marshall Is. 03/05 – 06/30 —

Teuta Maritime S.A.⁽²¹⁾ TBN 3 Marshall Is. 03/05 – 06/30 —

Ambracia Navigation Company⁽²¹⁾ TBN 4 Marshall Is. 03/05 – 06/30 —

Artala Shipping Co.⁽²²⁾ TBN 5 Marshall Is. 03/05 – 06/30 —

Migen Shipmanagement Ltd. Sub-Holding Company Marshall Is. 03/05 – 06/30 —

Bole Shipping Corporation⁽²⁴⁾ Spectrum N Marshall Is. 04/28 – 06/30 —

Brandeis Shipping Corporation⁽²⁴⁾ Ete N Marshall Is. 05/10 – 06/30 —

Buff Shipping Corporation⁽²⁴⁾ Fleur N Marshall Is. 05/10 – 06/30 —

Morganite Shipping Corporation⁽²⁵⁾ TBN 6 Marshall Is. 06/01 – 06/30 —

Balder Martitime Ltd.⁽²⁶⁾ Navios Koyo Marshall Is. 06/04 – 06/30 —

Melpomene Shipping Corporation⁽²⁷⁾ TBN 8 Marshall Is. 06/23 – 06/30 —

Urania Shipping Corporation⁽²⁷⁾ TBN 9 Marshall Is. 06/23 – 06/30 —

Terpsichore Shipping Corporation⁽²⁸⁾ TBN 10 Marshall Is. 06/23 – 06/30 —

Erato Shipping Corporation⁽²⁸⁾ TBN 11 Marshall Is. 06/23 – 06/30 —

Lavender Shipping Corporation⁽²⁹⁾ Navios Ray Marshall Is. 06/30 – 06/30 —

Nostos Shipmanagement Corp. ⁽²⁹⁾ Navios Bonavis Marshall Is. 06/30 – 06/30 —

(1)	The vessel was sold on December 14, 2018.

(2)	The vessel was sold on December 4, 2018.

(3)	The vessel was sold on December 21, 2017.

(4)	The vessel was sold on April 23, 2019.

(5)	The vessel was sold on April 21, 2017.

(6)	The vessel was sold on January 12, 2017.

(7)	The vessels were acquired on December 13, 2019, following the liquidation of Navios Europe I.

(8)	The vessels were acquired on December 16, 2019.

(9)	The vessel was delivered on July 24, 2019 (see Note 17 - Leases).

(10)	The vessels were delivered on May 28, 2021 and June 10, 2021 (see Note 17 - 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 17 - Leases).

(13)	The vessel was sold on December 10, 2020 (see Note 5 – Vessels, net).

(14)	The vessels were acquired on June 29, 2020, following the liquidation of Navios Europe II (see Note 5 - Vessels, net).

(15)	The vessels were acquired on September 30, 2020, from Navios Holdings (see Note 5 - Vessels, net).

(16)	The vessels were acquired on March 30, 2021, from Navios Holdings (see Note 5 – Vessels, net).

(17)	The vessel was sold on January 13, 2021(see Note 5 – Vessels, net).

(18) The vessel was sold on January 28, 2021 (see Note 5 – Vessels, net).

(19) The vessel was sold on February 10, 2021 (see Note 5 – Vessels, net).

(20) The vessel was sold on March 25, 2021 (see Note 5 – Vessels, net).

(21) Expected to be delivered by the second half of 2022.

(22) Expected to be delivered in the second quarter of 2023.

(23) The vessel was sold on July 31, 2021.

(24) The vessels were acquired on May 10, 2021 (see Note 5 – Vessels, net).

(25) Expected to be delivered in the first quarter of 2023.

(26) The vessel was acquired on June 4, 2021, from Navios Holdings (see Note 5 - Vessels, net).

(27) Expected to be delivered by the second half of 2023.

(28) Expected to be delivered by the first half of 2024.

(29) The vessel was acquired on June 30, 2021, from Navios Holdings (see Note 5 - Vessels, net).

(30) The vessel was sold on August 16, 2021.

(31) The vessel was sold on August 13, 2021.

(32) The vessel was agreed to be sold and the sale is expected to be completed during the third quarter of 2021.

Acquisition of Navios Containers (Tables)

6 Months Ended

Jun. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Acquisition of Navios Containers - Schedule of recognized identified assets acquired and liabilities

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

		Amount
Description
Unfavorable lease terms	$	(224,490)

Cash And Cash Equivalents (Tables)

6 Months Ended

Jun. 30, 2021

Cash and Cash Equivalents [Abstract]

Cash and cash equivalents

Cash and cash equivalents consist of the following:

Cash and cash equivalents

		June 30, 2021		December 31, 2020
Cash and cash equivalents	$	227,117	$	19,303
Restricted cash		5,736		11,425
Total cash and cash equivalents and restricted cash	$	232,853	$	30,728

Vessels, Net (Tables)

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Vessels, net

Vessels		Cost		Accumulated Depreciation		Net Book Value
Balance December 31, 2019	$	1,370,756	$	(308,498)	$	1,062,258
Additions/ (Depreciation)		110,416		(54,884)		55,532
Disposals		(5,233)		158		(5,075)
Vessels impairment loss		(161,199)		89,622		(71,577)
Balance December 31, 2020	$	1,314,740	$	(273,602)	$	1,041,138
Additions/ (Depreciation)		957,166		(34,624)		922,542
Disposals		(33,979)		776		(33,203)
Balance June 30, 2021	$	2,237,927	$	(307,450)	$	1,930,477

Intangible Assets And Liabilities (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

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)	—	(583)	(583)
Favorable lease terms June 30, 2021	$ 83,716	$ (82,299)	$ 1,417

Intangible Assets and Liabilities - Amortization of Favorable Lease Terms

	Three Month Period Ended		Six Month Period Ended
	June 30, 2021	June 30, 2020	June 30, 2021	June 30, 2020
Favorable lease terms	$ (292)	$ (292)	$ (583)	$ (583)
Total	$ (292)	$ (292)	$ (583)	$ (583)

Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets


Year			Amount
2022			1,166
2023			251
Total			$ 1,417

Intangible Assets And Liabilities - Intangible assets, Unfavorable Lease

	Cost		Accumulated Amortization		Net Book Value
Unfavorable lease terms December 31, 2020	$	—	$	—	$	—
Additions/ (Amortization)		224,490		(42,026)		182,464
Unfavorable lease terms June 30, 2021	$	224,490	$	(42,026)	$	182,464

Intangible Assets And Liabilities - Amortization of Unfavorable Lease Terms

	Three Month Period Ended		Six Month Period Ended
	June 30, 2021	June 30, 2020	June 30, 2021	June 30, 2020
Unfavorable lease terms	$ 42,026	—	$ 42,026	—
Total	$ 42,026	—	$ 42,026	—

Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities


Year			Amount
2022			101,266
2023			42,729
2024			16,792
2025			12,204
2026			9,473
Total			$ 182,464

Borrowings (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Borrowings


		June 30, 2021		December 31, 2020
Credit facilities	$	539,696	$	427,287
Financial liabilities		261,885		63,882
Total borrowings	$	801,581	$	491,169
Less: Current portion of long-term borrowings, net		(115,443)		(201,835)
Less: Deferred finance costs, net		(6,071)		(4,312)
Long-term borrowings, net	$	680,067	$	285,022

Borrowings - Maturities of Long Term Debt


Year			Amount
2022			117,603
2023			196,841
2024			148,528
2025			198,829
2026 and thereafter			139,780
Total			$ 801,581

Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Fair value of financial instruments

	June 30, 2021				December 31, 2020
		Book Value		Fair Value		Book Value		Fair Value
Cash and cash equivalents	$	227,117	$	227,117	$	19,303	$	19,303
Restricted cash	$	5,736	$	5,736	$	11,425	$	11,425
Amounts due from related parties, short-term		—		—	$	5,000	$	5,000
Notes receivable, net of current portion		—		—	$	8,013	$	8,013
Amounts due to related parties, short-term	$	(17,181)	$	(17,181)	$	(35,979)	$	(35,979)
Long-term borrowings, net	$	(795,510)	$	(801,581)	$	(486,857)	$	(491,169)

Fair value measurements on a Nonrecurring Basis

	Fair Value Measurements at June 30, 2021
	Total	Level I	Level II	Level III
Cash and cash equivalents	$ 227,117	$ 227,117	$ —	—
Restricted cash	$ 5,736	$ 5,736	$ —	—
Amounts due to related parties, short-term⁽²⁾	$ (17,181)	—	$ (17,181)	—
Long-term borrowings, net ⁽¹⁾	$ (801,581)	—	$ (801,581)	—

As of June 30, 2021, there were no assets measured at fair value on a non-recurring basis.

As of December 31, 2020, the Company’s assets measured at fair value on a non-recurring basis were:

		Fair Value Measurements at December 31, 2020
		Total		Level I		Level II	Level III
Vessels, net	$	62,789	$	13,428	$	49,361	—

Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Information - Revenue by Geographic Region

		Three Month Period ended June 30, 2021		Three Month Period ended June 30, 2020		Six Month Period ended June 30, 2021		Six Month Period ended June 30, 2020
Asia	$	86,858	$	29,495	$	124,940	$	58,022
Europe		51,803		12,801		72,465		27,351
North America		13,348		4,123		19,667		7,536
Australia		—		130		—		130
Total	$	152,009	$	46,549	$	217,072	$	93,039

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies - Future minimum contractual obligations


Period ending June 30,	Amount
2022	6,668
2023	6,583
2024	6,592
2025	6,388
2026	6,388
2027 and thereafter	26,784
Total	$ 59,403

Cash distributions and earnings per unit (Tables)

6 Months Ended

Jun. 30, 2021

Cash Distributions And Earnings Per Unit

Cash distributions and earnings per unit - Schedule Of Incentive Distributions Made To General Partners Or Unitholders By Distribution

		Marginal Percentage Interest in Distributions
	Total Quarterly Distribution Target Amount	Common Unitholders	Incentive Distribution Right Holder	General Partner
Minimum Quarterly Distribution	up to $5.25 per unit	98%	—	2%
First Target Distribution	up to $6.0375 per unit	98%	—	2%
Second Target Distribution	above $ 6.0375 up to $6.5625 per unit	85%	13%	2%
Third Target Distribution	above $6.5625 up to $7.875 per unit	75%	23%	2%
Thereafter	above $7.875 per unit	50%	48%	2%

Cash distribution and earnings per unit - Schedule of earnings per unit, Basic and Diluted


	Three Month Period Ended				Six Month Period Ended
	June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2020
Net income / (loss)	$	99,913	$	(14,641)	$	236,592	$	(25,365)
Income / (loss) attributable to:
Common unitholders	$	97,914	$	(14,348)	$	231,860	$	(24,859)
Weighted average units outstanding basic
Common unitholders		22,653,219		10,847,487		17,041,426		10,846,405
Earnings / (loss) per unit basic:
Common unitholders	$	4.32	$	(1.32)	$	13.61	$	(2.29)
Weighted average units outstanding diluted
Common unitholders		22,739,569		10,847,487		17,127,776		10,846,405
Earnings / (loss) per unit diluted:
Common unitholders	$	4.31	$	(1.32)	$	13.54	$	(2.29)
Earnings / (loss) per unit distributed basic:
Common unit holders	$	0.05	$	0.05	$	0.10	$	0.35
Earnings / (loss) per unit distributed diluted:
Common unitholders	$	0.05	$	0.05	$	0.10	$	0.35
Earnings/ (loss) per unit undistributed basic:
Common unitholders	$	4.27	$	(1.37)	$	13.51	$	(2.64)
Earnings/ (loss) per unit undistributed diluted:
Common unit holders	$	4.26	$	(1.37)	$	13.44	$	(2.64)

Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases

Leases


	Amount
2022	6,668
2023	6,583
2024	6,592
2025	6,388
2026 and thereafter	33,172
Total	$ 59,403
Operating lease liabilities, including current portion	$ 45,669
Discount based on incremental borrowing rate	$ 13,734

Description of business (Details Narrative) - shares	6 Months Ended
Description of business (Details Narrative) - shares	Jun. 30, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Formation date	Aug. 07, 2007
General partner, Name	Navios GP L.L.C.
Date of Initial Public Offering	Nov. 16, 2007
Common units outstanding	25,759,634	11,345,187
General partner units outstanding	531,995	237,822
Olympos Maritime Ltd [Member]
Business Acquisition [Line Items]
General partner interest	2.00%
Navios Holdings [Member]
Business Acquisition [Line Items]
Common units outstanding	2,562,893
Ownership percentage of Navios Holdings	9.90%

Summary of Significant Accounting Policies - Entities included in consolidation (Details)	6 Months Ended
	Jun. 30, 2021
Libra Shipping Enterprises Corporation [Member]
Entity Listings [Line Items]
Vessel name
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Alegria Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Navios Alegria
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Felicity Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Gemini Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Galaxy Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Aurora Shipping Enterprises Ltd. [Member]
Entity Listings [Line Items]
Vessel name	Navios Hope
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Palermo Shipping S.A. [Member]
Entity Listings [Line Items]
Vessel name
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Fantastiks Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Navios Fantastiks
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Sagittarius Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Navios Sagittarius
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Hyperion Enterprises Inc. [Member]
Entity Listings [Line Items]
Vessel name	Navios Hyperion
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Chilali Corp. [Member]
Entity Listings [Line Items]
Vessel name	Navios Aurora II
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Surf Maritime Co. [Member]
Entity Listings [Line Items]
Vessel name	Navios Pollux
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Pandora Marine Inc. [Member]
Entity Listings [Line Items]
Vessel name	Navios Melodia
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Customized Development S.A. [Member]
Entity Listings [Line Items]
Vessel name	Navios Fulvia
Country of incorporation	Liberia
2021	01/01 – 06/30
2020	01/01 – 06/30
Kohylia Shipmanagement S.A. [Member]
Entity Listings [Line Items]
Vessel name	Navios Luz
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Orbiter Shipping Corp. [Member]
Entity Listings [Line Items]
Vessel name	Navios Orbiter
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Floral Marine Ltd. [Member]
Entity Listings [Line Items]
Vessel name	Navios Buena Ventura
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Golem Navigation Limited [Member]
Entity Listings [Line Items]
Vessel name	Navios Soleil
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Kymata Shipping Co. [Member]
Entity Listings [Line Items]
Vessel name	Navios Helios
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Joy Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Navios Joy
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Micaela Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Navios Harmony
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Pearl Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Navios Sun
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Velvet Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Navios La Paix
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Perigiali Navigation Limited [Member]
Entity Listings [Line Items]
Vessel name	Navios Beaufiks
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Finian Navigation Co. [Member]
Entity Listings [Line Items]
Vessel name	Navios Ace
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Ammos Shipping Corp. [Member]
Entity Listings [Line Items]
Vessel name	Navios Prosperity I
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Wave Shipping Corp. [Member]
Entity Listings [Line Items]
Vessel name	Navios Libertas
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Casual Shipholding Co. [Member]
Entity Listings [Line Items]
Vessel name	Navios Sol
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Avery Shipping Company [Member]
Entity Listings [Line Items]
Vessel name	Navios Symphony
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Coasters Ventures Ltd. [Member]
Entity Listings [Line Items]
Vessel name	Navios Christine B
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Ianthe Maritime S.A. [Member]
Entity Listings [Line Items]
Vessel name	Navios Aster
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Rubina Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Hyundai Hongkong
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Topaz Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Hyundai Singapore
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Beryl Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Hyundai Tokyo
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Cheryl Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Hyundai Shanghai
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Christal Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Hyundai Busan
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Dune Shipping Corp. [Member]
Entity Listings [Line Items]
Vessel name
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Citrine Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Cavalli Navigation Inc. [Member]
Entity Listings [Line Items]
Vessel name
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Seymour Trading Limited [Member]
Entity Listings [Line Items]
Vessel name	Navios Altair I
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Goldie Services Company [Member]
Entity Listings [Line Items]
Vessel name	Navios Symmetry
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Andromeda Shiptrade Limited [Member]
Entity Listings [Line Items]
Vessel name	Navios Apollon I
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Esmeralda Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Navios Sphera
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Triangle Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Navios Mars
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Oceanus Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Castor N
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Cronus Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Protostar N
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Leto Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Esperanza N
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Dionysus Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Harmony N
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Prometheus Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Solar N
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Camelia Shipping Inc. [Member]
Entity Listings [Line Items]
Vessel name	Navios Camelia
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Anthos Shipping Inc. [Member]
Entity Listings [Line Items]
Vessel name	Navios Anthos
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Azalea Shipping Inc. [Member]
Entity Listings [Line Items]
Vessel name	Navios Azalea
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Amaryllis Shipping Inc. [Member]
Entity Listings [Line Items]
Vessel name	Navios Amaryllis
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Zaffre Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Serenitas N
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	06/29 – 06/30
Wenge Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Joie N
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	06/29 – 06/30
Sunstone Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Copernicus N
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	06/29 – 06/30
Fandango Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Unity N
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	06/29 – 06/30
Flavescent Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Odysseus N
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	06/29 – 06/30
Emery Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Navios Gem
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020
Rondine Management Corp. [Member]
Entity Listings [Line Items]
Vessel name	Navios Victory
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020
Solange Shipping Ltd. [Member]
Entity Listings [Line Items]
Vessel name	Navios Avior
Country of incorporation	Marshall Is.
2021	03/30 – 06/30
2020
Mandora Shipping Ltd. [Member]
Entity Listings [Line Items]
Vessel name	Navios Centaurus
Country of incorporation	Marshall Is.
2021	03/30 – 06/30
2020
Olympia II Navigation Limited [Member]
Entity Listings [Line Items]
Vessel name	Navios Domino
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Pingel Navigation Limited [Member]
Entity Listings [Line Items]
Vessel name	Navios Delight
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Ebba Navigation Limited [Member]
Entity Listings [Line Items]
Vessel name	Navios Destiny
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Clan Navigation Limited [Member]
Entity Listings [Line Items]
Vessel name	Navios Devotion
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Sui An Navigation Limited [Member]
Entity Listings [Line Items]
Vessel name	Navios Dedication
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Bertyl Ventures Co. [Member]
Entity Listings [Line Items]
Vessel name	Navios Azure
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Silvanus Marine Company [Member]
Entity Listings [Line Items]
Vessel name	Navios Summer
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Anthimar Marine Inc. [Member]
Entity Listings [Line Items]
Vessel name	Navios Amarillo
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Enplo Shipping Limited [Member]
Entity Listings [Line Items]
Vessel name	Navios Verde
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Morven Chartering Inc. [Member]
Entity Listings [Line Items]
Vessel name	Navios Verano
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Rodman Maritime Corp. [Member]
Entity Listings [Line Items]
Vessel name	Navios Spring
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Isolde Shipping Inc. [Member]
Entity Listings [Line Items]
Vessel name	Navios Indigo
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Velour Management Corp. [Member]
Entity Listings [Line Items]
Vessel name	Navios Vermilion
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Evian Shiptrade Ltd. [Member]
Entity Listings [Line Items]
Vessel name	Navios Amaranth
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Theros Ventures Limited [Member]
Entity Listings [Line Items]
Vessel name	Navios Lapis
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Legato Shipholding Inc. [Member]
Entity Listings [Line Items]
Vessel name	Navios Tempo
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Inastros Maritime Corp. [Member]
Entity Listings [Line Items]
Vessel name	Navios Chrysalis
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Zoner Shiptrade S.A. [Member]
Entity Listings [Line Items]
Vessel name	Navios Dorado
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Jasmer Shipholding Ltd. [Member]
Entity Listings [Line Items]
Vessel name	Navios Nerine
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Thetida Marine Co. [Member]
Entity Listings [Line Items]
Vessel name	Navios Magnolia
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Jaspero Shiptrade S.A. [Member]
Entity Listings [Line Items]
Vessel name	Navios Jasmine
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Peran Maritime Inc. [Member]
Entity Listings [Line Items]
Vessel name	Navios Felicitas
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Nefeli Navigation S.A. [Member]
Entity Listings [Line Items]
Vessel name	Navios Unison
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Fairy Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Navios Utmost
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Limestone Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Navios Unite
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Crayon Shipping Ltd [Member]
Entity Listings [Line Items]
Vessel name	Navios Miami
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Chernava Marine Corp. [Member]
Entity Listings [Line Items]
Vessel name	Bahamas
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Proteus Shiptrade S.A [Member]
Entity Listings [Line Items]
Vessel name	Bermuda
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Vythos Marine Corp. [Member]
Entity Listings [Line Items]
Vessel name	Navios Constellation
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Prosperity Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Aldebaran Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
JTC Shipping and Trading Ltd. [Member]
Entity Listings [Line Items]
Vessel name	Holding Company
Country of incorporation	Malta
2021	01/01 – 06/30
2020	01/01 – 06/30
Navios Maritime Partners L.P. [Member]
Entity Listings [Line Items]
Vessel name	N/A
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Navios Maritime Operating LLC. [Member]
Entity Listings [Line Items]
Vessel name	N/A
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Navios Partners Finance (US) Inc.
Entity Listings [Line Items]
Vessel name	Co-Borrower
Country of incorporation	Delaware
2021	01/01 – 06/30
2020	01/01 – 06/30
Navios Partners Europe Finance Inc.
Entity Listings [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Navios Maritime Containers Sub L.P. [Member]
Entity Listings [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Navios Partners Containers Finance Inc. [Member]
Entity Listings [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Boheme Navigation Company [Member]
Entity Listings [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Navios Partners Containers Inc. [Member]
Entity Listings [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Iliada Shipping S.A. [Member]
Entity Listings [Line Items]
Vessel name	Operating Company
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Vinetree Marine Company [Member]
Entity Listings [Line Items]
Vessel name	Operating Company
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Afros Maritime Inc. [Member]
Entity Listings [Line Items]
Vessel name	Operating Company
Country of incorporation	Marshall Is.
2021	03/31 – 06/30
2020
Cavos Navigation Co. [Member]
Entity Listings [Line Items]
Vessel name	Navios Libra
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Perivoia Shipmanagement Co. [Member]
Entity Listings [Line Items]
Vessel name	Navios Amitie
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Pleione Management Limited [Member]
Entity Listings [Line Items]
Vessel name	Navios Star
Country of incorporation	Marshall Is.
2021	01/01 – 06/30
2020	01/01 – 06/30
Bato Marine Corp. [Member]
Entity Listings [Line Items]
Vessel name	TBN 1
Country of incorporation	Marshall Is.
2021	03/05 – 06/30
2020
Agron Navigation Company [Member]
Entity Listings [Line Items]
Vessel name	TBN 2
Country of incorporation	Marshall Is.
2021	03/05 – 06/30
2020
Teuta Maritime S.A. [Member]
Entity Listings [Line Items]
Vessel name	TBN 3
Country of incorporation	Marshall Is.
2021	03/05 – 06/30
2020
Ambracia Navigation Company [Member]
Entity Listings [Line Items]
Vessel name	TBN 4
Country of incorporation	Marshall Is.
2021	03/05 – 06/30
2020
Artala Shipping Co. [Member]
Entity Listings [Line Items]
Vessel name	TBN 5
Country of incorporation	Marshall Is.
2021	03/05 – 06/30
2020
Migen Shipmanagement Ltd. [Member]
Entity Listings [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2021	03/05 – 06/30
2020
Bole Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Spectrum N
Country of incorporation	Marshall Is.
2021	04/28 – 06/30
2020
Brandeis Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Ete N
Country of incorporation	Marshall Is.
2021	05/10 – 06/30
2020
Buff Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Fleur N
Country of incorporation	Marshall Is.
2021	05/10 – 06/30
2020
Morganite Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	TBN 6
Country of incorporation	Marshall Is.
2021	06/01 – 06/30
2020
Balder Martitime Ltd. [Member]
Entity Listings [Line Items]
Vessel name	Navios Koyo
Country of incorporation	Marshall Is.
2021	06/04 – 06/30
2020
Melpomene Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	TBN 8
Country of incorporation	Marshall Is.
2021	06/23 – 06/30
2020
Urania Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	TBN 9
Country of incorporation	Marshall Is.
2021	06/23 – 06/30
2020
Terpsichore Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	TBN 10
Country of incorporation	Marshall Is.
2021	06/23 – 06/30
2020
Erato Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	TBN 11
Country of incorporation	Marshall Is.
2021	06/23 – 06/30
2020
Lavender Shipping Corporation [Member]
Entity Listings [Line Items]
Vessel name	Navios Ray
Country of incorporation	Marshall Is.
2021	06/30 – 06/30
2020
Nostos Shipmanagement Corp. [Member]
Entity Listings [Line Items]
Vessel name	Navios Bonavis
Country of incorporation	Marshall Is.
2021	06/30 – 06/30
2020

Summary of Significant Accounting Policies (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021	Jun. 29, 2020	Oct. 09, 2013
Related Party Transaction [Line Items]
Equity Method Investment, Other than Temporary Impairment	$ (0)	$ (0)	$ (0)	$ 6,900
Ownership percentage					35.70%
Revenue for Vessels	152,009	46,549	217,072	93,039
Time charter [Member]
Related Party Transaction [Line Items]
Revenue for Vessels	145,241	45,679	207,740	91,328
Voyage contracts [Member]
Related Party Transaction [Line Items]
Revenue for Vessels	4,389	306	5,609	306
Pooling arrangements [Member]
Related Party Transaction [Line Items]
Revenue for Vessels	$ 2,379	$ 564	$ 3,723	1,405
Profit Sharing [Member]
Related Party Transaction [Line Items]
Revenue for Vessels				0
Navios Europe II [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Other than Temporary Impairment				$ 6,900
Ownership percentage						5.00%	5.00%
Navios Containers [Member]
Related Party Transaction [Line Items]
Ownership percentage	100.00%	33.50%	100.00%	33.50%

Acquisition of Navios Containers - Schedule of recognized identified assets acquired and liabilities (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair value of assets and liabilities acquired:
Bargain purchase gain	$ 0	$ 44,053	$ 0	$ 44,053	$ 0
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 and liabilities acquired:
Vessels		770,981
Current assets (including cash of $10,282)		29,033
Unfavourable lease terms		(224,490)
Long term debt assumed (including current portion)		(227,434)
Current liabilities		(5,416)
Fair value of net assets acquired		342,674
Bargain purchase gain		$ 44,053

Acquisition of Navios Containers - Lease Future Amortization Income (Details) - USD ($) $ in Thousands	Jun. 30, 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	$ 224,490	$ 224,490

Acquisition of Navios Containers - Acquired finite lived intangible (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Unfavorable lease terms	$ (224,490)	$ (224,490)

Acquisition of Navios Containers (Details Narrative) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($) $ / shares shares	Jun. 30, 2020 USD ($)	Mar. 31, 2020 USD ($)	Jun. 30, 2021 USD ($) shares	Jun. 30, 2020 USD ($)
Business Acquisition [Line Items]
Effective Date of Arrangements					Mar. 31, 2021
Business Combination, Bargain Purchase, Gain Recognized, Amount	$ 0	$ 44,053	$ 0		$ 44,053	$ 0
Equity Method Investment, Ownership Percentage		35.70%
Deconsolidation, Revaluation of Retained Investment, Gain (Loss), Amount		$ 75,387
Net income	99,913	136,679	(14,641)	$ (10,724)
Income (Loss) from Equity Method Investments	0		(710)		80,839	968
Business Acquisition, Transaction Costs		188
Business Acquisition, Pro Forma Revenue					260,725	162,090
Business Acquisition, Pro Forma Net Income (Loss)					$ 113,795	$ 53,393
Limited Partner [Member]
Business Acquisition [Line Items]
Net income	$ 97,914	133,946	$ (14,348)	$ (10,511)
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable		$ 191,624
Partners' Capital Account, Units, Acquisitions \| shares		8,133,452
Navios Containers [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage	100.00%		33.50%		100.00%	33.50%
Income (Loss) from Equity Method Investments					$ 80,839	$ 968
Limited Partner [Member] \| Navios Containers [Member]
Business Acquisition [Line Items]
Shares conversion rate					0.39
Partners' Capital Account, Units, Acquisitions \| shares					8,133,452
Navios Containers [Member]
Business Acquisition [Line Items]
Business Acquisition, Date of Acquisition Agreement					Dec. 31, 2020
Business Acquisition, Name of Acquired Entity					Navios Containers
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		$ 342,674
Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination		298,621
Business Combination, Bargain Purchase, Gain Recognized, Amount		44,053
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value		106,997
Net income		$ 5,452
Business Acquisition, Percentage of Voting Interests Acquired		64.30%
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable		$ 191,624
Navios Containers [Member] \| Limited Partner [Member]
Business Acquisition [Line Items]
Business Acquisition, Share Price \| $ / shares		$ 23.56

Cash and cash equivalents (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 227,117	$ 19,303
Restricted cash	5,736	11,425
Total cash and cash equivalents and restricted cash	$ 232,853	$ 30,728	$ 29,815	$ 30,402

Cash And Cash Equivalents (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 5,736	$ 11,425
Retention Accounts [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 5,736

Vessels, net (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
Vessels, net (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Balance	$ 1,041,138
Vessels impairment loss	0
Balance	1,930,477	$ 1,041,138
Vessels [Member] \| Cost [Member]
Property, Plant and Equipment [Line Items]
Balance	1,314,740	1,370,756
Additions/ (Depreciation)	957,166	110,416
Disposals	(33,979)	(5,233)
Vessels impairment loss		(161,199)
Balance	2,237,927	1,314,740
Vessels [Member] \| Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Balance	(273,602)	(308,498)
Additions/ (Depreciation)	(34,624)	(54,884)
Disposals	776	158
Vessels impairment loss		89,622
Balance	(307,450)	(273,602)
Vessels [Member] \| Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Balance	1,041,138	1,062,258
Additions/ (Depreciation)	922,542	55,532
Disposals	(33,203)	(5,075)
Vessels impairment loss		(71,577)
Balance	$ 1,930,477	$ 1,041,138

Vessels, Net (Details Narrative) $ in Thousands		1 Months Ended		3 Months Ended				4 Months Ended	5 Months Ended	6 Months Ended			9 Months Ended	11 Months Ended
Vessels, Net (Details Narrative) $ in Thousands	Jan. 13, 2021 USD ($)	Feb. 10, 2021 USD ($)	Jan. 28, 2021 USD ($)	Jun. 30, 2021 USD ($)	Mar. 30, 2021 USD ($)	Mar. 25, 2021 USD ($)	Jun. 30, 2020 USD ($)	May 10, 2021 USD ($)	Jun. 04, 2021 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jun. 29, 2020 USD ($)	Sep. 30, 2020 USD ($)	Dec. 10, 2020 USD ($)	Mar. 31, 2021
Property, Plant and Equipment [Line Items]
Payments to Acquire Water and Waste Water Systems										$ 4,865	$ 1,519
Sale price										32,692	0
Loss on sale of vessels				$ 0			$ 0			511	0
Asset Impairment Charges										$ 0
Navios Containers [Member]
Property, Plant and Equipment [Line Items]
Number of vessels acquired															29
Navios Ray [Member] \| Navios Holdings [Member]
Property, Plant and Equipment [Line Items]
Vessel year built										2012
Vessel type										Capesize
Vessel capacity in DWT										179,515
Navios Bonavis [Member] \| Navios Holdings [Member]
Property, Plant and Equipment [Line Items]
Vessel year built										2009
Vessel type										Capesize
Vessel capacity in DWT										180,022
Navios Ray and Navios Bonavis [Member]
Property, Plant and Equipment [Line Items]
Purchase price										$ 58,000
Ete N [Member] \| Navios Acquisition [Member]
Property, Plant and Equipment [Line Items]
Vessel year built								2012
Vessel type								Containership
Vessel capacity in TEU								2,782
Fleur N [Member] \| Navios Acquisition [Member]
Property, Plant and Equipment [Line Items]
Vessel year built								2012
Vessel type								Containership
Vessel capacity in TEU								2,782
Spectrum N [Member] \| Navios Acquisition [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]
Property, Plant and Equipment [Line Items]
Purchase price								$ 55,500
Navios Koyo [Member] \| Navios Holdings [Member]
Property, Plant and Equipment [Line Items]
Vessel year built									2011
Vessel type									Capesize
Vessel capacity in DWT									181,415
Purchase price									$ 28,500
Navios Avior [Member] \| Navios Holdings [Member]
Property, Plant and Equipment [Line Items]
Vessel year built					2012
Vessel type					Panamax
Vessel capacity in DWT					81,355
Navios Centaurus [Member] \| Navios Holdings [Member]
Property, Plant and Equipment [Line Items]
Vessel year built					2012
Vessel type					Panamax
Vessel capacity in DWT					81,472
Navios Avior and Navios Centaurus [Member]
Property, Plant and Equipment [Line Items]
Purchase price					$ 39,250
Navios Gem [Member] \| Navios Holdings [Member]
Property, Plant and Equipment [Line Items]
Vessel year built													2014
Vessel type													Capesize
Vessel capacity in DWT													181,336
Navios Victory [Member] \| Navios Holdings [Member]
Property, Plant and Equipment [Line Items]
Vessel year built													2014
Vessel type													Panamax
Vessel capacity in DWT													77,095
Navios Gem and Navios Victory [Member]
Property, Plant and Equipment [Line Items]
Purchase price													$ 51,000
Drybulk Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels acquired												5
Panamax Vessels I [Member]
Property, Plant and Equipment [Line Items]
Number of vessels acquired												3
Ultra Handymax Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels acquired												2
Five drybulk vessels, three Panamax vessels and two Ultra-Handymax vessels [Member] \| Navios Europe II [Member]
Property, Plant and Equipment [Line Items]
Purchase price												$ 56,050
Joie N [Member]
Property, Plant and Equipment [Line Items]
Vessel year built						2011
Vessel capacity in DWT						56,557
Sale price						$ 8,190
Castor N [Member]
Property, Plant and Equipment [Line Items]
Vessel year built		2007
Vessel capacity in TEU		3,091
Sale price		$ 8,869
Solar N [Member]
Property, Plant and Equipment [Line Items]
Vessel year built			2006
Vessel capacity in TEU			3,398
Sale price			$ 11,074
Esperanza N [Member]
Property, Plant and Equipment [Line Items]
Vessel year built	2008
Vessel capacity in TEU	2,007
Sale price	$ 4,559
Navios Soleil [Member]
Property, Plant and Equipment [Line Items]
Sale price														$ 8,183
Asset Impairment Charges														$ 9,980
Three Vessel [Member]
Property, Plant and Equipment [Line Items]
Asset Impairment Charges											$ 6,800

Intangible Assets and Liabilities - Intangible assets, Favorable Lease (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Favorable lease terms - Cost	$ 83,716	$ 83,716
Favorable lease terms - Accumulated amortization	(82,299)	(81,716)
Favorable lease terms - Net Book Value	1,417	$ 2,000
Additions/ (Amortization) - Accumulated Amortization	(583)
Additions/ (Amortization) - Net Book Value	$ (583)

Intangible Assets and Liabilities - Amortization of Favorable Lease Terms (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Favorable lease terms	$ (292)	$ (292)	$ (583)	$ (583)
Total	$ (292)	$ (292)	$ (583)	$ (583)

Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 1,166
2023	251
Total	$ 1,417	$ 2,000

Intangible Assets And Liabilities - Intangible assets, Unfavorable Lease (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Below Market Lease, Gross	$ 224,490		$ 224,490		$ 224,490
Below Market Lease, Net	182,464		182,464			$ 0
Amortization of Below Market Lease	(42,026)	$ 0	(42,026)	$ 0
Cost [Member]
Finite-Lived Intangible Assets [Line Items]
Below Market Lease, Gross	224,490		224,490			0
Additions			224,490
Accumulated Depreciation [Member]
Finite-Lived Intangible Assets [Line Items]
Below Market Lease, Accumulated Amortization	(42,026)		(42,026)			0
Amortization of Below Market Lease			(42,026)
Net Book Value [Member]
Finite-Lived Intangible Assets [Line Items]
Below Market Lease, Net	$ 182,464		182,464			$ 0
Additions			$ 182,464

Intangible Assets And Liabilities - Amortization of Unfavorable Lease Terms (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Amortization of Below Market Lease	$ 42,026	$ 0	$ 42,026	$ 0
Below Market Lease [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Below Market Lease	$ 42,026	$ 0	$ 42,026	$ 0

Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 101,266
2023	42,729
2024	16,792
2025	12,204
2026	9,473
Total	$ 182,464	$ 0

Intangible Assets And Liabilities (Details Narrative)	6 Months Ended
Intangible Assets And Liabilities (Details Narrative)	Jun. 30, 2021 USD ($)
Finite-Lived Intangible Liabilities [Member]
Amortization method	straight line
Intangible liabilities, Residual value	$ 0
Weighted average useful life	2 years 8 months 12 days
Finite-Lived Intangible Assets [Member]
Amortization method	straight line
Intangible assets, Residual value	$ 0

Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Credit facilities	$ 539,696	$ 427,287
Financial liabilities	261,885	63,882
Total borrowings	801,581	491,169
Less: Current portion of long-term borrowings, net	(115,443)	(201,835)
Less: Deferred finance costs, net	(6,071)	(4,312)
Long-term borrowings, net	$ 680,067	$ 285,022

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Borrowings - Maturities of Long Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
2022	$ 117,603
2023	196,841
2024	148,528
2025	198,829
2026 and thereafter	139,780
Total	$ 801,581	$ 491,169

Borrowings (Details Narrative) $ in Thousands	3 Months Ended	4 Months Ended		5 Months Ended	6 Months Ended
Borrowings (Details Narrative) $ in Thousands	Mar. 30, 2021 USD ($)	May 10, 2021 USD ($)	Apr. 28, 2021 USD ($)	Jun. 08, 2021 USD ($)	Jun. 30, 2021 USD ($)	Jun. 28, 2021 USD ($)	Jun. 18, 2021 USD ($)	Mar. 23, 2021 USD ($)	Dec. 31, 2020 USD ($)
Debt Instrument [Line Items]
Long-term Debt					$ 795,510				$ 486,857
Amount outstanding					$ 539,696				427,287
Debt Instrument, Restrictive Covenants					As of June 30, 2021, 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.
Finance Lease, Liability					$ 261,885				$ 63,882
Navios Bonavis [Member]
Debt Instrument [Line Items]
Vessel year built					2009
Vessel type					Capesize
Finance Lease, Liability					$ 14,882		$ 15,000
Vessel capacity in DWT					180,022
Sale Leaseback Transaction, Net Proceeds, Financing Activities						$ 15,000
Purchase Obligation					$ 5,000
Navios Ray [Member]
Debt Instrument [Line Items]
Vessel year built					2012
Vessel type					Capesize
Finance Lease, Liability					$ 18,401		18,500
Vessel capacity in DWT					179,515
Sale Leaseback Transaction, Net Proceeds, Financing Activities						$ 18,500
Purchase Obligation					$ 5,000
72 Consecutive monthly payments [Member] \| Navios Bonavis [Member] \| Financial Liabilities [Member]
Debt Instrument [Line Items]
Sale Leaseback Transaction, Monthly Rental Payments					192
108 Consecutive monthly payments [Member] \| Navios Ray [Member] \| Financial Liabilities [Member]
Debt Instrument [Line Items]
Sale Leaseback Transaction, Monthly Rental Payments					186
Extension of Hellenic Bank Credit Facility [Member]
Debt Instrument [Line Items]
Amount outstanding					$ 8,850
Line of Credit Facility, Initiation Date					Apr. 23, 2021
Line of Credit Facility, Maximum Borrowing Capacity					$ 8,900
Proceeds from Lines of Credit			$ 8,850
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid					$ 3,900
Debt Instrument, Description of Variable Rate Basis					LIBOR plus 300 bps
Debt Instrument, Basis Spread on Variable Rate					3.00%
Extension of Hellenic Bank Credit Facility [Member] \| First Four Installments [Member]
Debt Instrument [Line Items]
Repayment installments					4
Line of Credit Facility, Frequency of Payments					quarterly
Line of Credit Facility, Periodic Payment					$ 750
Extension of Hellenic Bank Credit Facility [Member] \| Next Two Consecutive Installments [Member]
Debt Instrument [Line Items]
Repayment installments					2
Line of Credit Facility, Frequency of Payments					quarterly
Line of Credit Facility, Periodic Payment					$ 300
Extension of Hellenic Bank Credit Facility [Member] \| Final Nine Consecutive Installments [Member]
Debt Instrument [Line Items]
Repayment installments					9
Line of Credit Facility, Frequency of Payments					quarterly
Line of Credit Facility, Periodic Payment					$ 150
BNP Credit Facility [Member]
Debt Instrument [Line Items]
Amount outstanding					$ 40,000
Line of Credit Facility, Initiation Date					Apr. 28, 2021
Line of Credit Facility, Maximum Borrowing Capacity					$ 40,000
Proceeds from Lines of Credit		$ 40,000
Repayment installments					16
Line of Credit Facility, Frequency of Payments					quarterly
Line of Credit Facility, Periodic Payment					$ 1,429
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid					$ 17,140
Debt Instrument, Description of Variable Rate Basis					LIBOR plus 285 bps
Debt Instrument, Basis Spread on Variable Rate					2.85%
BNP Credit Facility [Member] \| Two Containerships [Member]
Debt Instrument [Line Items]
Number of vessels refinanced					2
Vessel year built					2012
Vessel capacity in TEU					2,782
Vessel type					containerships
HCOB Credit Facility [Member]
Debt Instrument [Line Items]
Amount outstanding					$ 160,000
Line of Credit Facility, Initiation Date					May 11, 2021
Line of Credit Facility, Maximum Borrowing Capacity					$ 160,000
Proceeds from Lines of Credit				$ 160,000
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid					$ 80,000
Debt Instrument, Description of Variable Rate Basis					LIBOR plus 310 bps
Debt Instrument, Basis Spread on Variable Rate					3.10%
HCOB Credit Facility [Member] \| Dry Bulk Vessel [Member]
Debt Instrument [Line Items]
Number of vessels refinanced					1
Vessel type					dry bulk
HCOB Credit Facility [Member] \| First Eight Consecutive Installments [Member]
Debt Instrument [Line Items]
Repayment installments					8
Line of Credit Facility, Frequency of Payments					quarterly
Line of Credit Facility, Periodic Payment					$ 6,250
HCOB Credit Facility [Member] \| Next Eight Consecutive Installments [Member]
Debt Instrument [Line Items]
Repayment installments					8
Line of Credit Facility, Frequency of Payments					quarterly
Line of Credit Facility, Periodic Payment					$ 3,750
National Bank of Greece Credit Facility [Member]
Debt Instrument [Line Items]
Amount outstanding					$ 43,000
Line of Credit Facility, Initiation Date					Jun. 17, 2021
Line of Credit Facility, Maximum Borrowing Capacity					$ 43,000
Proceeds from Lines of Credit							$ 43,000
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid					$ 17,000
Debt Instrument, Description of Variable Rate Basis					LIBOR plus 300 bps
Debt Instrument, Basis Spread on Variable Rate					3.00%
National Bank of Greece Credit Facility [Member] \| Six Dry Bulk Vessels [Member]
Debt Instrument [Line Items]
Number of vessels refinanced					6
Vessel type					dry bulk
National Bank of Greece Credit Facility [Member] \| First Four Installments [Member]
Debt Instrument [Line Items]
Repayment installments					4
Line of Credit Facility, Frequency of Payments					quarterly
Line of Credit Facility, Periodic Payment					$ 1,500
National Bank of Greece Credit Facility [Member] \| Next Sixteen Installments [Member]
Debt Instrument [Line Items]
Repayment installments					16
Line of Credit Facility, Frequency of Payments					quarterly
Line of Credit Facility, Periodic Payment					$ 1,250
CACIB Credit Facility [Member]
Debt Instrument [Line Items]
Amount outstanding					$ 56,000
Line of Credit Facility, Initiation Date					Mar. 23, 2021
Line of Credit Facility, Maximum Borrowing Capacity								$ 58,000
Proceeds from Lines of Credit	$ 58,000
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid					$ 25,200
Debt Instrument, Description of Variable Rate Basis					LIBOR plus 300 bps
Debt Instrument, Basis Spread on Variable Rate					3.00%
CACIB Credit Facility [Member] \| First One Installment [Member]
Debt Instrument [Line Items]
Repayment installments					1
Line of Credit Facility, Frequency of Payments					quarterly
Line of Credit Facility, Periodic Payment					$ 2,000
CACIB Credit Facility [Member] \| Next Eighteen Installments [Member]
Debt Instrument [Line Items]
Repayment installments					18
Line of Credit Facility, Frequency of Payments					quarterly
Line of Credit Facility, Periodic Payment					$ 1,600
Credit Facilities [Member]
Debt Instrument [Line Items]
Debt Instrument, Restrictive Covenants					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’ (or its affiliates) ownership in Navios Partners of at least 5.0%; and subordinating the obligations under the credit facilities to any general and administrative costs relating to the vessels, including the fixed daily fee payable under the management agreement.
Total Liabilities to Total Assets ratio					0.75
Banking Regulation, Mortgage Banking, Net Worth, Minimum					$ 135,000
Credit Facilities [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Security cover ratio					111.00%
Minimum free consolidated liquidity					$ 500,000
Ratio of EBITDA to interest expense					2.00%
Credit Facilities [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Security cover ratio					140.00%

Fair value of financial instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Cash and cash equivalents - Book Value	$ 227,117	$ 19,303
Cash and cash equivalents - Fair Value	227,117	19,303
Restricted cash - Book Value	5,736	11,425
Restricted cash - Fair Value	5,736	11,425
Amounts due from related parties, short-term - Book Value	0	5,000
Amounts due from related parties, short-term - Fair Value	0	5,000
Notes receivable, net of current portion - Book Value	0	8,013
Notes receivable, net of current portion - Fair Value	0	8,013
Amounts due to related parties, short-term - Book value	(17,181)	(35,979)
Amounts due to related parties, short-term - Fair value	(17,181)	(35,979)
Long-term borrowings, net - Book value	(795,510)	(486,857)
Long-term borrowings, net - Fair value	$ (801,581)	$ (491,169)

Fair value measurements on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - Fair Value	$ 227,117	$ 19,303
Restricted cash - Fair Value	5,736	11,425
Amounts due to related parties, short-term - Fair Value	(17,181)	(35,979)
Long-term borrowings, net - Fair Value	(801,581)	(491,169)
Amounts due from related parties, short-term - Fair Value	0	5,000
Notes receivable, net of current portion - Fair Value	0	8,013
Property, Plant, and Equipment, Fair Value Disclosure		62,789
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	227,117	19,303
Restricted cash - Fair Value	5,736	11,425
Property, Plant, and Equipment, Fair Value Disclosure		13,428
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amounts due to related parties, short-term - Fair Value	(17,181)	(35,979)
Long-term borrowings, net - Fair Value	$ (801,581)	(491,169)
Amounts due from related parties, short-term - Fair Value		5,000
Notes receivable, net of current portion - Fair Value		8,013
Property, Plant, and Equipment, Fair Value Disclosure		$ 49,361

Issuance of Units (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended					5 Months Ended		6 Months Ended		11 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2021	Apr. 09, 2021	Mar. 31, 2021	Jun. 30, 2020	May 21, 2021	May 21, 2019	Jun. 30, 2021	Jun. 30, 2020	Nov. 18, 2016	Dec. 31, 2020	Jan. 31, 2019
Affiliate, Collateralized Security [Line Items]
Proceeds from Issuance of Common Limited Partners Units									$ 172,938	$ 0
Partners' Capital Account, Sale of Units			$ 166,650		$ 9,908
Share-based Payment Arrangement, Noncash Expense									234	483
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount	$ 345	$ 345	$ 345						$ 345
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	86,350	86,350	86,350						86,350
Directors and officers \| Restricted Stock Units (RSUs) [Member] \| Authorized January 2017 [Member]
Affiliate, Collateralized Security [Line Items]
Share-based Payment Arrangement, Noncash Expense			$ 116			$ 238			$ 234	$ 483
Reverse stock split [Member]
Affiliate, Collateralized Security [Line Items]
Reverse Stock Split								1-for-15
Olympos Maritime Ltd [Member]
Affiliate, Collateralized Security [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest									2.00%
Navios Holdings [Member]
Affiliate, Collateralized Security [Line Items]
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest									9.90%
Limited Partner [Member] \| Share Repurchase Program [Member]
Affiliate, Collateralized Security [Line Items]
Units Repurchase Program Authorized Amount													$ 50,000
Partners' Capital Account, Units, Treasury Units Purchased									312,952	312,952
Partners' Capital Account, Treasury Units, Purchased									$ 4,499	$ 4,499
Limited Partner [Member] \| Navios Containers [Member]
Affiliate, Collateralized Security [Line Items]
Shares conversion rate									0.39
Partners' Capital Account, Units, Acquisitions									8,133,452
Limited Partner [Member] \| Continuous Offering Program $110.0m Sales Agreement [Member]
Affiliate, Collateralized Security [Line Items]
Maximum aggregate offering price							$ 110,000
Partners' Capital Account, Units, Sold in Public Offering	2,914,022
Proceeds from Issuance of Common Limited Partners Units	$ 78,134
Limited Partner [Member] \| Continuous Offering Program $75.0m Sales Agreement [Member]
Affiliate, Collateralized Security [Line Items]
Maximum aggregate offering price				$ 75,000
Partners' Capital Account, Units, Sold in Public Offering		2,437,624
Proceeds from Issuance of Common Limited Partners Units		$ 73,117
Limited Partner [Member] \| Continuous Offering Program $25.0m Sales Agreement [Member]
Affiliate, Collateralized Security [Line Items]
Maximum aggregate offering price											$ 25,000
Partners' Capital Account, Units, Sold in Public Offering									1,286,857			357,508
Proceeds from Issuance of Common Limited Partners Units									$ 23,918			$ 2,231
General Partner [Member]
Affiliate, Collateralized Security [Line Items]
Partners' Capital Account, Units, Sale of Units									165,989
Partners' Capital Account, Sale of Units									$ 3,911
General Partner [Member] \| Continuous Offering Program $110.0m Sales Agreement [Member]
Affiliate, Collateralized Security [Line Items]
Partners' Capital Account, Units, Sale of Units									59,470
Partners' Capital Account, Sale of Units									$ 1,636
General Partner [Member] \| Continuous Offering Program $75.0m Sales Agreement [Member]
Affiliate, Collateralized Security [Line Items]
Partners' Capital Account, Units, Sale of Units									49,747
Partners' Capital Account, Sale of Units									$ 1,530
General Partner [Member] \| Continuous Offering Program $25.0m Sales Agreement [Member]
Affiliate, Collateralized Security [Line Items]
Partners' Capital Account, Units, Sale of Units									26,265			7,298
Partners' Capital Account, Sale of Units									$ 501			$ 47

Segment Information - Revenue by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 152,009	$ 46,549	$ 217,072	$ 93,039
Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	86,858	29,495	124,940	58,022
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	51,803	12,801	72,465	27,351
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	13,348	4,123	19,667	7,536
AUSTRALIA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 0	$ 130	$ 0	$ 130

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
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-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 32
-Subparagraph (a)
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-Subparagraph (SX 210.13-01(a)(4)(i))
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 22: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

+ Details

Commitments and Contingencies - Future minimum contractual obligations (Details) $ in Thousands	Jun. 30, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022	$ 6,668
2023	6,583
2024	6,592
2025	6,388
2026	6,388
2027 and thereafter	26,784
Total	$ 59,403

Commitments and Contingencies (Details Narrative) $ in Thousands	1 Months Ended	3 Months Ended			6 Months Ended			11 Months Ended	22 Months Ended
	Jan. 25, 2021 USD ($)	Jun. 30, 2021 USD ($)	Mar. 25, 2021 USD ($)	Mar. 23, 2021 USD ($)	Jul. 09, 2021 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Nov. 30, 2017 USD ($)	Oct. 18, 2019 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						$ 4,965	$ 4,435
Other Assets, Noncurrent		$ 21,315				21,315				$ 18,850
Contractual Obligation		59,403				59,403
Deposits Assets, Noncurrent		3,599				$ 3,599				0
Navios Azimuth [Member]
Related Party Transaction [Line Items]
Vessel year built					2011
Vessel type					Capesize
Vessel capacity in DWT					179,169
Purchase price					$ 30,000
Navios Libra [Member]
Related Party Transaction [Line Items]
Vessel capacity in DWT						82,011
Date of delivery						Jul. 24, 2019
Increase (Decrease) in Deposits Outstanding								$ 5,540
Other Assets, Noncurrent		6,650				$ 6,650						$ 2,770	$ 2,770
Navios Amitie and Navios Star [Member]
Related Party Transaction [Line Items]
Increase (Decrease) in Deposits Outstanding									$ 12,328
Other Assets, Noncurrent		$ 13,564				$ 13,564				10,034	$ 1,434
Date of charter-in agreement						Oct. 18, 2019
Number of vessels		2				2
Contractual Obligation										$ 860
Navios Amitie [Member]
Related Party Transaction [Line Items]
Vessel capacity in DWT						82,002
Date of delivery						May 28, 2021
Navios Star [Member]
Related Party Transaction [Line Items]
Vessel capacity in DWT						81,994
Date of delivery						Jun. 10, 2021
Three Capesize Vessels [Member]
Related Party Transaction [Line Items]
Vessel capacity in DWT						180,000
Increase (Decrease) in Deposits Outstanding	$ 10,500
Number of vessels		3				3
Date of expected delivery of vessel						second half of 2022
Panamax Vessel I [Member]
Related Party Transaction [Line Items]
Vessel capacity in DWT						81,000
Purchase price				$ 31,580
Increase (Decrease) in Deposits Outstanding						$ 12,632
Contractual Obligation		$ 18,948				$ 18,948
Date of expected delivery of vessel						second half of 2022
Repayment installments						4
Repayments of Debt		3,158
Deposits Assets, Noncurrent		$ 3,158				$ 3,158
Capesize Vessels [Member]
Related Party Transaction [Line Items]
Vessel capacity in DWT			180,000			180,000
Increase (Decrease) in Deposits Outstanding			$ 3,500			$ 12,000
Number of vessels		1	1			1
Date of expected delivery of vessel			first half of 2023			second half of 2022
Panamax Vessel II [Member]
Related Party Transaction [Line Items]
Vessel capacity in DWT						81,000
Purchase price						$ 34,300
Increase (Decrease) in Deposits Outstanding						13,720
Contractual Obligation		$ 20,580				$ 20,580
Date of expected delivery of vessel						first half of 2023
Repayment installments						4
Navios Holdings [Member] \| Navios Azimuth [Member]
Related Party Transaction [Line Items]
Vessel year built						2011
Vessel type						Capesize
Vessel capacity in DWT						179,169
Purchase price						$ 30,000
Date of delivery						Jul. 09, 2021

Transactions with related parties (Details Narrative)	3 Months Ended						4 Months Ended			5 Months Ended	6 Months Ended				10 Months Ended	11 Months Ended	12 Months Ended
Transactions with related parties (Details Narrative)	Jun. 30, 2021 USD ($) shares	Mar. 31, 2021 USD ($)	Mar. 30, 2021 USD ($)	Mar. 25, 2021	Jun. 30, 2020 USD ($)	Mar. 31, 2017 USD ($)	May 10, 2021 USD ($)	Apr. 30, 2021 USD ($)	Apr. 21, 2020 USD ($)	Jun. 04, 2021 USD ($)	Jun. 30, 2021 USD ($) shares	Jun. 30, 2020 USD ($)	Jun. 29, 2020 USD ($)	Jun. 30, 2019 USD ($)	Oct. 31, 2020 USD ($)	Nov. 15, 2012 USD ($)	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 USD ($)	Feb. 18, 2015 USD ($)
Related Party Transaction [Line Items]
Payments for ballast water treatment system installation and exhaust gas cleaning system installation											$ 4,865,000	$ 1,519,000
Vessel operating expenses	$ 41,771,000				$ 21,930,000						64,733,000	44,135,000
General and Administrative Expense	10,319,000				6,983,000						15,226,000	11,128,000
Due from Related Parties, Current	0										0						$ 5,000,000
Due to Related Parties, Current	17,181,000										17,181,000						$ 35,979,000
Equity Method Investment, Other than Temporary Impairment	$ (0)				(0)						(0)	6,900,000
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed)											(5,766,000)	19,997,000
Payments to Acquire Property, Plant, and Equipment											$ (180,419,000)	(37,573,000)
Limited Partners' Capital Account, Units Outstanding \| shares	25,759,634										25,759,634						11,345,187
General Partners' Capital Account, Units Outstanding \| shares	531,995										531,995						237,822
Navios Holdings [Member]
Related Party Transaction [Line Items]
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest											9.90%
Limited Partners' Capital Account, Units Outstanding \| shares	2,562,893										2,562,893
Olympos Maritime Ltd [Member]
Related Party Transaction [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest											2.00%
Navios Holdings II [Member]
Related Party Transaction [Line Items]
Supplemental credit default insurance maximum cash payment																$ 20,000,000
Proceeds from Lines of Credit								$ 5,000,000
Schedule of Insured Financial Obligations with Credit Deterioration, Statement of Financial Position, Claim Liability	$ 0										$ 0						$ 5,000,000
Navios Holdings [Member]
Related Party Transaction [Line Items]
General and Administrative Expense	6,113,000				3,203,000						9,798,000	6,405,000
Due from Related Parties, Current	0										0						5,000,000
Due to Related Parties, Current	17,181,000										17,181,000						35,979,000
Navios Holdings, Navios Acquisition and Navios Partners \| Navios Europe II [Member] \| Navios Revolvings Loans II
Related Party Transaction [Line Items]
Line of Credit Facility, Increase (Decrease), Net						$ 14,000,000
Navios Holdings, Navios Acquisition and Navios Partners \| Navios Europe II [Member] \| Navios Term Loans II [Member]
Related Party Transaction [Line Items]
Debt Instrument, Decrease, Forgiveness									$ 5,000,000
Notes Receivable, Related Parties									$ 17,276,000
Navios Holdings, Navios Acquisition and Navios Partners \| Navios Revolvings Loans II \| Navios Europe II [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity																			$ 43,500,000
Property, Plant and Equipment, Additions												56,050,000
Navios Europe II [Member]
Related Party Transaction [Line Items]
Due from Related Parties	0										$ 0						0
Navios Holdings II [Member]
Related Party Transaction [Line Items]
Proceeds from Lines of Credit															$ 5,000,000
Navios Containers [Member]
Related Party Transaction [Line Items]
Number of vessels acquired		29
Capesize Vessels [Member]
Related Party Transaction [Line Items]
Vessel capacity in DWT				180,000							180,000
Navios Avior and Navios Centaurus [Member]
Related Party Transaction [Line Items]
Property, Plant and Equipment, Additions			$ 39,250,000
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed)			$ (5,766,000)
Ete N, Fleur N and Spectrum N [Member]
Related Party Transaction [Line Items]
Property, Plant and Equipment, Additions							$ 55,500,000
Navios Ray and Navios Bonavis [Member]
Related Party Transaction [Line Items]
Property, Plant and Equipment, Additions											$ 58,000,000
Management Agreement [Member]
Related Party Transaction [Line Items]
Technical and commercial management daily fee											$ 50.00
Annual growth factor of management fees											3%
Payments for ballast water treatment system installation and exhaust gas cleaning system installation	$ 1,398,000				$ 1,296,000						$ 4,865,000	$ 1,519,000
Management Agreement [Member] \| After liquidation of Navios Europe I [Member]
Related Party Transaction [Line Items]
Technical and commercial management daily fee											$ 50.00
Annual growth factor of management fees											3%
Management Agreement [Member] \| After completion of merger with Navios Containers [Member]
Related Party Transaction [Line Items]
Technical and commercial management daily fee											$ 50.00
Annual growth factor of management fees											3%
Management Agreement [Member] \| Ultra Handymax Vessels [Member]
Related Party Transaction [Line Items]
Daily management fee											$ 4,350							$ 4,230
Management Agreement [Member] \| Ultra Handymax Vessels [Member] \| After liquidation of Navios Europe II [Member]
Related Party Transaction [Line Items]
Number of vessels acquired	2										2
Management Agreement [Member] \| Panamax Vessels [Member]
Related Party Transaction [Line Items]
Daily management fee											$ 4,450							4,330
Management Agreement [Member] \| Panamax Vessels [Member] \| After liquidation of Navios Europe I [Member]
Related Party Transaction [Line Items]
Number of vessels acquired	2										2
Management Agreement [Member] \| Panamax Vessels [Member] \| After liquidation of Navios Europe II [Member]
Related Party Transaction [Line Items]
Number of vessels acquired	3										3
Management Agreement [Member] \| Capesize Vessels [Member]
Related Party Transaction [Line Items]
Daily management fee											$ 5,410			$ 5,250
Management Agreement [Member] \| Container Vessels of TEU 6,800 [Member]
Related Party Transaction [Line Items]
Daily management fee																		6,700
Management Agreement [Member] \| Container Vessels of more than TEU 8,000 [Member]
Related Party Transaction [Line Items]
Daily management fee																		7,400
Management Agreement [Member] \| Container Vessels of more than TEU 13,000 [Member]
Related Party Transaction [Line Items]
Daily management fee																		$ 8,750
Management Agreement [Member] \| Subpanamax Containership [Member] \| After liquidation of Navios Europe I [Member]
Related Party Transaction [Line Items]
Daily management fee											$ 6,100
Number of vessels acquired	3										3
Management Agreement [Member] \| Drybulk vessels [Member] \| After liquidation of Navios Europe II [Member]
Related Party Transaction [Line Items]
Number of vessels acquired	5										5
Management Agreement [Member] \| Containership of TEU 3,000 up to 4,999 [Member] \| After completion of merger with Navios Containers [Member]
Related Party Transaction [Line Items]
Daily management fee		$ 6,100									$ 6,220
Management Agreement [Member] \| Containership of TEU 8,000 up to 9,999 [Member] \| After completion of merger with Navios Containers [Member]
Related Party Transaction [Line Items]
Daily management fee		7,400									7,780
Management Agreement [Member] \| Containership of TEU 10,000 up to 11,999 [Member] \| After completion of merger with Navios Containers [Member]
Related Party Transaction [Line Items]
Daily management fee		$ 7,400									8,270
Extended Management Agreement [Member] \| Container Vessels of TEU 6,800 [Member]
Related Party Transaction [Line Items]
Daily management fee											$ 6,900
Navios Europe II [Member] \| Five drybulk vessels, three Panamax vessels and two Ultra-Handymax vessels [Member]
Related Party Transaction [Line Items]
Property, Plant and Equipment, Additions													$ 56,050,000
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed)																	(2,718,000)
Payments to Acquire Property, Plant, and Equipment																	(36,056,000)
Payments to Acquire Loans Receivable																	$ (17,276,000)
Navios Holdings [Member] \| Navios Avior [Member]
Related Party Transaction [Line Items]
Vessel year built			2012
Vessel type			Panamax
Vessel capacity in DWT			81,355
Navios Holdings [Member] \| Navios Centaurus [Member]
Related Party Transaction [Line Items]
Vessel year built			2012
Vessel type			Panamax
Vessel capacity in DWT			81,472
Navios Holdings [Member] \| Navios Koyo [Member]
Related Party Transaction [Line Items]
Property, Plant and Equipment, Additions										$ 28,500,000
Vessel year built										2011
Vessel type										Capesize
Vessel capacity in DWT										181,415
Navios Holdings [Member] \| Navios Ray [Member]
Related Party Transaction [Line Items]
Vessel year built											2012
Vessel type											Capesize
Vessel capacity in DWT											179,515
Navios Holdings [Member] \| Navios Bonavis [Member]
Related Party Transaction [Line Items]
Vessel year built											2009
Vessel type											Capesize
Vessel capacity in DWT											180,022
Navios Acquisition [Member] \| Ete N [Member]
Related Party Transaction [Line Items]
Vessel year built							2012
Vessel type							Containership
Vessel capacity in TEU							2,782
Navios Acquisition [Member] \| Fleur N [Member]
Related Party Transaction [Line Items]
Vessel year built							2012
Vessel type							Containership
Vessel capacity in TEU							2,782
Navios Acquisition [Member] \| Spectrum N [Member]
Related Party Transaction [Line Items]
Vessel year built							2009
Vessel type							Containership
Vessel capacity in TEU							2,546

Notes receivable (Details Narrative)		3 Months Ended		6 Months Ended			12 Months Ended
Notes receivable (Details Narrative)	Jan. 12, 2017 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jul. 15, 2016 USD ($) shares	Dec. 31, 2020 USD ($)	Jul. 18, 2016 USD ($)
Policyholder Account Balance [Line Items]
Effective Date of Arrangements				Mar. 31, 2021
Investment Income, Net		$ 744,000	$ 176,000	$ 859,000	$ 371,000
Deferred Revenue, Current		10,187,000		10,187,000			$ 3,185,000
Deferred Revenue, Noncurrent		$ 1,626,000		1,626,000			2,185,000
Proceeds from Sale of Property, Plant, and Equipment				$ 32,692,000	0
Sale of MSC Cristina [Member]
Policyholder Account Balance [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.00%		6.00%
Investment Income, Net				$ 0	105,000
Deferred Revenue, Noncurrent			0		0
Gross sale price	$ 126,000,000
Proceeds from Sale of Property, Plant, and Equipment	107,250,000
Accounts and Financing Receivable, after Allowance for Credit Loss	$ 18,750,000
Repayment installments				16
Debt Instrument, Frequency of Periodic Payment				quarterly
Interest Receivable		$ 0	$ 19,000	$ 0	19,000
Hyundai Merchant Marine Co. Ltd. [Member]
Policyholder Account Balance [Line Items]
Debt Securities, Trading, and Equity Securities, FV-NI								$ 40,277,000
Notes Payable, Fair Value Disclosure								$ 6,074,000
Notes Assumed				0			8,013,000
Deferred Revenue, Revenue Recognized				559,000	562,000
Deferred Revenue, Current		1,127,000		1,127,000			1,127,000
Deferred Revenue, Noncurrent		$ 1,626,000		1,626,000			$ 2,185,000
Hyundai Merchant Marine Co. Ltd. [Member] \| Interest Income and Discount Unwinding [Member]
Policyholder Account Balance [Line Items]
Investment Income, Net				$ 859,000	$ 226,000
Hyundai Merchant Marine Co. Ltd. [Member] \| 5 Containerships [Member] \| Restructuring Agreement [Member]
Policyholder Account Balance [Line Items]
Charter Revenue						$ 38,461,000
Hyundai Merchant Marine Co. Ltd. [Member] \| 5 Containerships [Member] \| Restructuring Agreement [Member] \| Senior Notes [Member]
Policyholder Account Balance [Line Items]
Proceeds from Issuance of Senior Long-term Debt						$ 7,692,000
Debt Instrument, Interest Rate, Stated Percentage						3.00%
Trading securities equity number of shares \| shares						3,657
Hyundai Merchant Marine Co. Ltd. [Member] \| 5 Containerships [Member] \| Restructuring Agreement [Member] \| July 18, 2016 until December 31, 2019
Policyholder Account Balance [Line Items]
Effective Date of Arrangements				Jul. 18, 2016
Related Party Transaction, Date				Dec. 31, 2019
Charter hire daily rate				$ 24,400
Hyundai Merchant Marine Co. Ltd. [Member] \| 5 Containerships [Member] \| Restructuring Agreement [Member] \| From January 1, 2020 and thereafter
Policyholder Account Balance [Line Items]
Effective Date of Arrangements				Jan. 01, 2020
Charter hire daily rate				$ 30,500

Investment in affiliates (Details Narrative) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
Investment in affiliates (Details Narrative) $ in Thousands	Jun. 30, 2021 USD ($) shares	Jun. 30, 2020 USD ($) shares	Mar. 31, 2017 USD ($)	Jun. 30, 2021 USD ($) shares	Jun. 30, 2020 USD ($) shares	Dec. 31, 2015 USD ($)	Mar. 31, 2021	Dec. 31, 2020 USD ($) shares	Jun. 29, 2020	Feb. 18, 2015 USD ($)	Oct. 09, 2013
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage							35.70%
Proceeds from Issuance of Long-term Debt				$ 343,350	$ 46,475
Long-term Debt	$ 795,510			795,510				$ 486,857
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 0			$ 0				$ 26,158
Limited Partners' Capital Account, Units Outstanding \| shares	25,759,634			25,759,634				11,345,187
Income (Loss) from Equity Method Investments	$ 0	$ (710)		$ 80,839	968
Navios Europe II [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage									5.00%		5.00%
Payments to Acquire Businesses, Gross						$ 145,550
Long-term Debt						14,000
Navios Europe II [Member] \| Senior Loans II
Schedule of Investments [Line Items]
Proceeds from Issuance of Long-term Debt						131,550
Debt Instrument, Unamortized Discount						$ 3,375
Navios Europe II [Member] \| Junior Loan II
Schedule of Investments [Line Items]
Debt Instrument, Face Amount										$ 182,150
Loans Payable, Fair Value Disclosure										$ 99,147
Navios Europe II [Member] \| Navios Holdings II [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage										47.50%
Navios Europe II [Member] \| Navios Acquisition [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage										47.50%
Navios Holdings, Navios Acquisition and Navios Partners \| Navios Europe II [Member] \| Navios Revolvings Loans II
Schedule of Investments [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity										$ 43,500
Property, Plant and Equipment, Additions					$ 56,050
Navios Holdings, Navios Acquisition and Navios Partners \| Navios Europe II [Member] \| Navios Revolvings Loans II
Schedule of Investments [Line Items]
Line of Credit Facility, Increase (Decrease), Net			$ 14,000
Navios Containers [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage	100.00%	33.50%		100.00%	33.50%
Equity Method Investment, Quoted Market Value	$ 0			$ 0				$ 47,528
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures								$ 26,158
Limited Partners' Capital Account, Units Outstanding \| shares		11,592,276			11,592,276
Income (Loss) from Equity Method Investments				$ 80,839	$ 968
Navios Containers [Member] \| Limited Partner [Member]
Schedule of Investments [Line Items]
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Shares Issued \| shares				8,133,452
Shares conversion rate				0.39

Cash distribution and earnings per unit - Schedule of earnings per unit, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net income / (loss)	$ 99,913	$ (14,641)	$ 236,592	$ (25,365)
Limited Partner [Member]
Net income / (loss)	$ 97,914	$ (14,348)	$ 231,860	$ (24,859)
Income / (loss) attributable to:
Weighted average units outstanding basic	22,653,219	10,847,487	17,041,426	10,846,405
Earnings / (loss) per unit basic	$ 4.32	$ (1.32)	$ 13.61	$ (2.29)
Weighted average units outstanding diluted	22,739,569	10,847,487	17,127,776	10,846,405
Earnings / (loss) per unit diluted	$ 4.31	$ (1.32)	$ 13.54	$ (2.29)
Earnings / (loss) per unit distributed basic	0.05	0.05	0.10	0.35
Earnings / (loss) per unit distributed diluted	0.05	0.05	0.10	0.35
Earnings/ (loss) per unit undistributed basic	4.27	(1.37)	13.51	(2.64)
Earnings / (loss) per unit undistributed diluted	$ 4.26	$ (1.37)	$ 13.44	$ (2.64)

Cash distributions and earnings per unit (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Distribution Made to Limited Partner [Line Items]
Description of the distribution amount per unit for all classes of units	The first 98% of the quarterly distribution is paid to all common unitholders. The incentive distributions rights (held by the Navios GP L.L.C.) apply only after a minimum quarterly distribution of $6.0375 per unit.
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	86,350	140,191
Common and subordinated units [Member]
Distribution Made to Limited Partner [Line Items]
Net loss allocated to each class of unit	98.00%
General Partner [Member]
Distribution Made to Limited Partner [Line Items]
Net loss allocated to each class of unit	2.00%
Installment 4 - FY 2019 [Member]
Distribution Made to Limited Partner [Line Items]
Distribution Made to Limited Liability Company (LLC) Member, Distributions Declared, Per Unit	$ 0.30
Distribution Made to Limited Partner, Distribution Date	Feb. 13, 2020
Distribution Made to Limited Partner, Date of Record	Feb. 11, 2020
Distribution Made to Limited Partner, Cash Distributions Paid	$ 3,365
Installment 1 - FY 2020 [Member]
Distribution Made to Limited Partner [Line Items]
Distribution Made to Limited Liability Company (LLC) Member, Distributions Declared, Per Unit	$ 0.30
Distribution Made to Limited Partner, Distribution Date	May 14, 2020
Distribution Made to Limited Partner, Date of Record	May 11, 2020
Distribution Made to Limited Partner, Cash Distributions Paid	$ 3,366
Installment 2 - FY 2020 [Member]
Distribution Made to Limited Partner [Line Items]
Distribution Made to Limited Liability Company (LLC) Member, Distributions Declared, Per Unit	$ 0.05
Distribution Made to Limited Partner, Distribution Date	Aug. 13, 2020
Distribution Made to Limited Partner, Date of Record	Aug. 10, 2020
Distribution Made to Limited Partner, Cash Distributions Paid	$ 562
Installment 4 - FY 2020 [Member]
Distribution Made to Limited Partner [Line Items]
Distribution Made to Limited Liability Company (LLC) Member, Distributions Declared, Per Unit	$ 0.05
Distribution Made to Limited Partner, Distribution Date	Feb. 12, 2021
Distribution Made to Limited Partner, Date of Record	Feb. 09, 2021
Distribution Made to Limited Partner, Cash Distributions Paid	$ 579
Installment 1 - FY 2021 [Member]
Distribution Made to Limited Partner [Line Items]
Distribution Made to Limited Liability Company (LLC) Member, Distributions Declared, Per Unit	$ 0.05
Distribution Made to Limited Partner, Distribution Date	May 14, 2021
Distribution Made to Limited Partner, Date of Record	May 11, 2021
Distribution Made to Limited Partner, Cash Distributions Paid	$ 1,127
Installment 2 - FY 2021 [Member]
Distribution Made to Limited Partner [Line Items]
Distribution Made to Limited Liability Company (LLC) Member, Distributions Declared, Per Unit	$ 0.05
Distribution Made to Limited Partner, Distribution Date	Aug. 12, 2021
Distribution Made to Limited Partner, Date of Record	Aug. 09, 2021
Distribution Made to Limited Partner, Cash Distributions Paid	$ 1,384

Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Leases
2022	$ 6,668
2023	6,583
2024	6,592
2025	6,388
2026 and thereafter	33,172
Total	59,403
Operating lease liabilities, including current portion	45,669	$ 13,153
Discount based on incremental borrowing rate	$ 13,734

Leases (Details Narrative)	3 Months Ended		5 Months Ended		6 Months Ended		7 Months Ended
Leases (Details Narrative)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jun. 10, 2021 USD ($)	May 28, 2021 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jul. 24, 2019 USD ($)	Dec. 31, 2020 USD ($)
Related Party Transaction [Line Items]
Operating Lease, Liability	$ 45,669,000				$ 45,669,000			$ 13,153,000
Operating Lease, Right-of-Use Asset	45,862,000				45,862,000			$ 13,285,000
Operating Lease, Expense	$ 841,000	$ 519,000			$ 1,354,000	$ 1,037,000
Navios Libra [Member]
Related Party Transaction [Line Items]
Vessel capacity in DWT					82,011
Bareboat charter-in contract [Member]
Related Party Transaction [Line Items]
Vessel name			Navios Star	Navios Amitie			Navios Libra
Vessel year built			2021	2021			2019
Vessel type			Panamax	Panamax			Panamax
Vessel capacity in DWT			81,994	82,002			82,011
Lessee, Operating Lease, Term of Contract							10 years
Charter hire daily rate			$ 5,900	$ 5,900			$ 6,000
Bareboat charter-in contract [Member] \| Navios Libra [Member]
Related Party Transaction [Line Items]
Lessee, Operating Lease, Discount Rate				7.00%
Bareboat charter-in contract [Member] \| Navios Amite and Navios Star [Member]
Related Party Transaction [Line Items]
Lessee, Operating Lease, Discount Rate				5.00%

Subsequent events (Details Narrative) $ / shares in Units, $ in Thousands	6 Months Ended			7 Months Ended		8 Months Ended
	Jul. 09, 2021 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Aug. 13, 2021 USD ($)	Jul. 31, 2021 USD ($)	Aug. 26, 2021 USD ($) $ / shares shares	Aug. 25, 2021 USD ($) shares	Aug. 19, 2021 USD ($)	Aug. 16, 2021 USD ($)	Aug. 24, 2021 USD ($)	Dec. 31, 2020 USD ($)
Subsequent Event [Line Items]
Finance Lease, Liability		$ 261,885									$ 63,882
Proceeds from Sale of Property, Plant, and Equipment		$ 32,692	$ 0
New Credit Facility [Member]
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity								$ 18,000
Debt Instrument, Description of Variable Rate Basis								LIBOR
Debt Instrument, Basis Spread on Variable Rate								2.85%
Debt Instrument, Unamortized Discount								$ 180
Navios Altair I [Member]
Subsequent Event [Line Items]
Vessel year built							2006
Vessel type							Panamax
Vessel capacity in DWT							74,475
Proceeds from Sale of Property, Plant, and Equipment							$ 13,532
Date of expected delivery of vessel							third quarter of 2021
Harmony N [Member]
Subsequent Event [Line Items]
Vessel year built									2006
Vessel type									Containership
Proceeds from Sale of Property, Plant, and Equipment									$ 28,710
Vessel capacity in TEU									2,824
Navios Azalea [Member]
Subsequent Event [Line Items]
Vessel year built				2005
Vessel type				Panamax
Vessel capacity in DWT				74,759
Proceeds from Sale of Property, Plant, and Equipment				$ 12,740
Six Newbuilding Containerships [Member]
Subsequent Event [Line Items]
Date of expected delivery of vessel					second half of 2023 and 2024
Vessel capacity in TEU					5,300
Purchase price					$ 61,600
Navios Dedication [Member]
Subsequent Event [Line Items]
Vessel year built					2008
Vessel type					Containership
Proceeds from Sale of Property, Plant, and Equipment					$ 33,893
Vessel capacity in TEU					4,250
Navios Azimuth [Member]
Subsequent Event [Line Items]
Vessel year built	2011
Vessel type	Capesize
Vessel capacity in DWT	179,169
Purchase price	$ 30,000
Capasize Vessel [Member]
Subsequent Event [Line Items]
Debt Instrument, Interest Rate, Stated Percentage							6.10%
Sale Leaseback Transaction, Date							August 25, 2021
Finance Lease, Liability							$ 15,000
Vessel year built							2009
Vessel type							Capesize
Long-term Debt, Gross							$ 5,000
Navios Acquisition [Member]
Subsequent Event [Line Items]
Sale of Stock, Number of Shares Issued in Transaction \| shares						44,117,647
Debt Instrument, Repurchase Amount						$ 397,478
Sale of Stock, Consideration Received on Transaction						$ 150,000
Sale of Stock, Price Per Share \| $ / shares						$ 3.40
Navios Partners Loan Agreement [Member]
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity										$ 45,000
Debt Instrument, Interest Rate, Stated Percentage										11.50%
Merger Agreement [Member] \| Navios Acquisition [Member]
Subsequent Event [Line Items]
Sale of Stock, Number of Shares Issued in Transaction \| shares							441,176.47
Sale of Stock, Percentage of Ownership after Transaction							62.40%
Merger Agreement [Member] \| Navios Acquisition [Member]
Subsequent Event [Line Items]
Shares Conversion Rate							0.1275

Cash distributions and earnings per unit - Schedule Of Incentive Distributions Made To General Partners Or Unitholders By Distribution (Details)	6 Months Ended
	Jun. 30, 2021 $ / shares
Second Target Distribution [Member] \| Incentive Distribution Right Holder [Member]
Affiliate, Collateralized Security [Line Items]
Percentage allocations of the additional available cash	13.00%
Third Target Distribution [Member] \| Incentive Distribution Right Holder [Member]
Affiliate, Collateralized Security [Line Items]
Percentage allocations of the additional available cash	23.00%
Thereafter [Member] \| Incentive Distribution Right Holder [Member]
Affiliate, Collateralized Security [Line Items]
Percentage allocations of the additional available cash	48.00%
Total Quarterly Distribution Target Amount [Member] \| Minimum Quarterly Distribution [Member] \| Maximum [Member]
Affiliate, Collateralized Security [Line Items]
Distribution Per Unit	$ 5.25
Total Quarterly Distribution Target Amount [Member] \| First Target Distribution [Member] \| Maximum [Member]
Affiliate, Collateralized Security [Line Items]
Distribution Per Unit	6.0375
Total Quarterly Distribution Target Amount [Member] \| Second Target Distribution [Member] \| Maximum [Member]
Affiliate, Collateralized Security [Line Items]
Distribution Per Unit	6.5625
Total Quarterly Distribution Target Amount [Member] \| Second Target Distribution [Member] \| Minimum [Member]
Affiliate, Collateralized Security [Line Items]
Distribution Per Unit	6.0375
Total Quarterly Distribution Target Amount [Member] \| Third Target Distribution [Member] \| Maximum [Member]
Affiliate, Collateralized Security [Line Items]
Distribution Per Unit	7.875
Total Quarterly Distribution Target Amount [Member] \| Third Target Distribution [Member] \| Minimum [Member]
Affiliate, Collateralized Security [Line Items]
Distribution Per Unit	6.5625
Total Quarterly Distribution Target Amount [Member] \| Thereafter [Member] \| Minimum [Member]
Affiliate, Collateralized Security [Line Items]
Distribution Per Unit	$ 7.875
Limited Partner [Member] \| Minimum Quarterly Distribution [Member]
Affiliate, Collateralized Security [Line Items]
Percentage allocations of the additional available cash	98.00%
Limited Partner [Member] \| First Target Distribution [Member]
Affiliate, Collateralized Security [Line Items]
Percentage allocations of the additional available cash	98.00%
Limited Partner [Member] \| Second Target Distribution [Member]
Affiliate, Collateralized Security [Line Items]
Percentage allocations of the additional available cash	85.00%
Limited Partner [Member] \| Third Target Distribution [Member]
Affiliate, Collateralized Security [Line Items]
Percentage allocations of the additional available cash	75.00%
Limited Partner [Member] \| Thereafter [Member]
Affiliate, Collateralized Security [Line Items]
Percentage allocations of the additional available cash	50.00%
General Partner [Member] \| Minimum Quarterly Distribution [Member]
Affiliate, Collateralized Security [Line Items]
Percentage allocations of the additional available cash	2.00%
General Partner [Member] \| First Target Distribution [Member]
Affiliate, Collateralized Security [Line Items]
Percentage allocations of the additional available cash	2.00%
General Partner [Member] \| Second Target Distribution [Member]
Affiliate, Collateralized Security [Line Items]
Percentage allocations of the additional available cash	2.00%
General Partner [Member] \| Third Target Distribution [Member]
Affiliate, Collateralized Security [Line Items]
Percentage allocations of the additional available cash	2.00%
General Partner [Member] \| Thereafter [Member]
Affiliate, Collateralized Security [Line Items]
Percentage allocations of the additional available cash	2.00%