0000950170-25-046904 | 20-F | XBRL Viewer | Navios Maritime Partners LP

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Accrued expenses (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accrued professional expenses	$ 8,190	$ 5,547
Directors and Officers \| Accrued expenses [Member]
Accrued professional expenses	5,893	4,016
General and Administrative Expense [Member] \| Directors and Officers [Member]
Professional Fees	$ 11,400	$ 9,855	$ 7,605

Subsequent Events (Details Narrative)						1 Months Ended	2 Months Ended		7 Months Ended	8 Months Ended		9 Months Ended	10 Months Ended	11 Months Ended		12 Months Ended
Subsequent Events (Details Narrative)	Jun. 21, 2023 Capacity	Apr. 27, 2023 Capacity	Mar. 29, 2023 Capacity	Mar. 06, 2023 Capacity	Feb. 05, 2023 Capacity	Mar. 31, 2025 USD ($) Capacity	Mar. 31, 2025 USD ($) Capacity	Feb. 28, 2025 Capacity	Jul. 27, 2022 Capacity	Aug. 31, 2023 Capacity	Sep. 13, 2022 Capacity	Sep. 21, 2022 Capacity	Nov. 09, 2023 Capacity	Dec. 14, 2022 Capacity	Nov. 17, 2022 Capacity	Dec. 31, 2024 USD ($) Capacity	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2025 Vessel
Subsequent Event [Line Items]
Vessel year built	2023	2023	2023	2016	2023				2022	2019	2022	2022	2023	2016	2022	2024
Vessel type	Capesize	Capesize	Capesize	Capesize	Kamsarmax				Kamsarmax		Capesize	Capesize		Kamsarmax	Capesize
Vessel capacity in DWT	182,212	182,169	182,115	181,221	82,010				82,003	81,692	182,393	182,079	5,300	84,852	182,064	5,300
Aggregate gross sale proceeds \| $																$ 190,293,000	$ 259,004,000	$ 284,476,000
Aggregate loss on sale of vessels \| $																$ 25,760,000	$ 50,248,000	$ 149,352,000
Forecast [Member]
Subsequent Event [Line Items]
Vessel year built							2006
Vessel type							Panamax
Vessel capacity in DWT							76,596
Aggregate gross sale proceeds \| $							$ 34,650,000
Aggregate loss on sale of vessels \| $							2,692,000
Number of vessels \| Vessel																			2
Forecast [Member] \| Export Credit Agency-backed Facility [Member]
Subsequent Event [Line Items]
Vessel capacity in TEU						7,900
Vessel type						containerships
Line of credit facility, maximum borrowing capacity \| $						$ 151,502,000	$ 151,502,000
Maturity date						12 years after the delivery date of each vessel
Debt Instrument, Description of Variable Rate Basis						Compounded SOFR
Debt instrument, basis spread on variable rate						1.24%
Forecast [Member] \| Navios Partners [Member]
Subsequent Event [Line Items]
Vessel year built							2005
Vessel type							Panamax
Vessel capacity in DWT							76,801
Date of expected delivery of vessel							March 17, 2025
Forecast [Member] \| Containerships [Member]
Subsequent Event [Line Items]
Vessel year built							2007
Vessel capacity in TEU							2,741
Vessel type							Containership
Subsequent Event [Member]
Subsequent Event [Line Items]
Date of expected delivery of vessel							second quarter of 2025
Subsequent Event [Member] \| Nave Neutrino [Member]
Subsequent Event [Line Items]
Vessel year built								2025
Vessel type								Aframax/LR2
Vessel capacity in DWT								115,807
Subsequent Event [Member] \| HMM Ocean and HMM Sky [Member]
Subsequent Event [Line Items]
Vessel year built								2025
Vessel capacity in TEU								7,700
Vessel type								containership

Cover	12 Months Ended
Cover	Dec. 31, 2024 shares
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2024
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-33811
Entity Registrant Name	Navios Maritime Partners L.P.
Entity Central Index Key	0001415921
Entity Incorporation, State or Country Code	1T
Entity Address, Address Line One	85 Akti Miaouli
Entity Address, City or Town	Piraeus
Entity Address, Country	GR
Entity Address, Postal Zip Code	18538
Title of 12(b) Security	Common Units
Trading Symbol	NMM
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Document Accounting Standard	U.S. GAAP
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	29,694,433
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	1457
Auditor Name	Ernst & Young (Hellas) Certified Auditors Accountants S.A.
Auditor Opinion [Text Block]	Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of Navios Maritime Partners L.P. (the “Company”) as of December 31, 2024 and 2023, the related consolidated statements of operations, changes in partners’ capital and cash flows for each of the three years in the period ended December 31, 2024, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) and our report dated March 28, 2025 expressed an unqualified opinion thereon.
Auditor Location	Athens, Greece
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	300 Madison Ave.
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10017
City Area Code	(212)
Local Phone Number	908-3946
Contact Personnel Name	Todd E. Mason

Transactions with Related Parties and Affiliates (Details Narrative)						1 Months Ended	7 Months Ended		8 Months Ended		9 Months Ended	10 Months Ended		11 Months Ended		12 Months Ended
	Jun. 21, 2023 USD ($) Capacity	Apr. 27, 2023 USD ($) Capacity	Mar. 29, 2023 USD ($) Capacity	Mar. 06, 2023 USD ($) Capacity	Feb. 05, 2023 USD ($) Capacity	Aug. 31, 2024 USD ($)	Jul. 27, 2022 USD ($) Capacity	Jul. 26, 2022 USD ($)	Aug. 31, 2023 Capacity	Sep. 13, 2022 Capacity	Sep. 21, 2022 Capacity	Nov. 09, 2023 USD ($) Capacity	Oct. 31, 2023 USD ($)	Dec. 14, 2022 USD ($) Capacity	Nov. 17, 2022 Capacity	Dec. 31, 2024 USD ($) Capacity	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Related Party Transaction [Line Items]
Payments for Capital Improvements																$ 747,023,000	$ 182,898,000	$ 433,777,000
Operating Costs and Expenses																77,169,000	69,449,000	56,754,000
Extraordinary fees and costs expenses related other expense																8,697,000	14,438,000	14,020,000
Vessel operating expenses (entirely through related parties transactions)																349,160,000	331,653,000	312,022,000
Capitalized expenses	$ 2,574,000	$ 2,579,000	$ 3,028,000	$ 1,600,000	$ 1,305,000		$ 986,000							$ 243,000		1,166,000		16,745,000
General and administrative expenses																85,165,000	80,559,000	67,180,000
Amounts due from manager, short-term - Book Value																36,620,000	0
Other Receivable, after Allowance for Credit Loss, Noncurrent																0	39,570,000
Amounts due to manager, short-term - Book Value																$ 0	(32,026,000)
Additions					$ 35,605,000							$ 66,733,000
Vessel year built	2023	2023	2023	2016	2023		2022		2019	2022	2022	2023		2016	2022	2024
Vessel type	Capesize	Capesize	Capesize	Capesize	Kamsarmax		Kamsarmax			Capesize	Capesize			Kamsarmax	Capesize
Vessel capacity in DWT \| Capacity	182,212	182,169	182,115	181,221	82,010		82,003		81,692	182,393	182,079	5,300		84,852	182,064	5,300
Working capital balances																$ (318,926,000)	(249,875,000)	(782,334,000)
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member]
Related Party Transaction [Line Items]
Additions								$ 835,000,000
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| First 15 of 36 Vessels [Member]
Related Party Transaction [Line Items]
Date of delivery								July 29, 2022
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Remaining 21 of 36 Vessels [Member]
Related Party Transaction [Line Items]
Date of delivery								September 8, 2022
Superintendent attendances and claims preparation [Member]
Related Party Transaction [Line Items]
Operating Costs and Expenses																4,141,000	4,730,000	3,479,000
Extraordinary crewing fees and costs [Member]
Related Party Transaction [Line Items]
Operating Costs and Expenses																322,000	3,047,000	11,262,000
Deposits For Vessels Acquisitions and Other Long-term Assets
Related Party Transaction [Line Items]
Capitalized expenses																9,925,000	7,425,000
Management Agreement [Member]
Related Party Transaction [Line Items]
Payments for Capital Improvements																31,995,000	57,166,000	18,901,000
Management Agreement [Member] \| Upon Completion Of The Mergers [Member] \| Ultra Handymax Vessels [Member]
Related Party Transaction [Line Items]
Daily management fee																4,750	4,620	4,480
Management Agreement [Member] \| Upon Completion Of The Mergers [Member] \| Panamax Vessels [Member]
Related Party Transaction [Line Items]
Daily management fee																4,860	4,720	4,580
Management Agreement [Member] \| Upon Completion Of The Mergers [Member] \| Capesize Vessels [Member]
Related Party Transaction [Line Items]
Daily management fee																5,910	5,740	5,570
Management Agreement [Member] \| Upon Completion Of The Mergers [Member] \| Container vessel of 1,300 TEU to 3,400 TEU [Member]
Related Party Transaction [Line Items]
Daily management fee																6,670	6,470	6,280
Management Agreement [Member] \| Upon Completion Of The Mergers [Member] \| Containership of TEU 3,000 up to 4,999 [Member]
Related Party Transaction [Line Items]
Daily management fee																6,790	6,590	6,400
Management Agreement [Member] \| Upon Completion Of The Mergers [Member] \| Containership Vessels of TEU 5,000 up to 6,800 [Member]
Related Party Transaction [Line Items]
Daily management fee																7,540	7,320	7,110
Management Agreement [Member] \| Upon Completion Of The Mergers [Member] \| Containership of TEU 8,000 up to 9,999 [Member]
Related Party Transaction [Line Items]
Daily management fee																8,500	8,250	8,010.00
Management Agreement [Member] \| Upon Completion Of The Mergers [Member] \| Containership of TEU 10,000 up to 11,999 [Member]
Related Party Transaction [Line Items]
Daily management fee																9,040.00	8,770	8,520
Management Agreement [Member] \| Upon Completion Of The Mergers [Member] \| MR1 and MR2 product tankers and chemical tankers [Member]
Related Party Transaction [Line Items]
Daily management fee																7,460	7,240	7,030.00
Management Agreement [Member] \| Upon Completion Of The Mergers [Member] \| LR1 Product Tanker [Member]
Related Party Transaction [Line Items]
Daily management fee																	7,670	7,440
Management Agreement [Member] \| Upon Completion Of The Mergers [Member] \| LR2 and LR1 Product Tanker [Member]
Related Party Transaction [Line Items]
Daily management fee																7,900
Management Agreement [Member] \| Upon Completion Of The Mergers [Member] \| VLCC [Member]
Related Party Transaction [Line Items]
Daily management fee																10,550	10,240	9,940
Management Agreement [Member] \| Upon Acquisition Of Navios Acquisition [Member]
Related Party Transaction [Line Items]
Technical and commercial management daily fee																$ 50.00
Annual growth factor of management fees																3.00%
Management Agreement [Member] \| Upon Acquisition Of Navios Acquisition [Member] \| Specialized transhipper vessel [Member]
Related Party Transaction [Line Items]
Daily management fee																$ 550
Management Agreement [Member] \| Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member]
Related Party Transaction [Line Items]
Technical and commercial management daily fee																25.000
Master Management Agreement [Member]
Related Party Transaction [Line Items]
Commercial management fee revenue percentage						1.25%
S&P fee percentage						1.00%
Termination fees discount rate						6.00%
Master Management Agreement [Member] \| Owned Vessel [Member]
Related Party Transaction [Line Items]
Technical management fee						$ 950
Renewed Management Agreement [Member]
Related Party Transaction [Line Items]
Agreement term						10 years
Navios Holdings [Member]
Related Party Transaction [Line Items]
General and administrative expenses																63,776,000	59,946,000	$ 50,190,000
Amounts due from manager, short-term - Book Value																34,089,000
Other Receivable, after Allowance for Credit Loss, Noncurrent																$ 0	39,570,000
Amounts due to manager, short-term - Book Value																	$ (32,026,000)
Partners Omnibus Agreement [Member]
Related Party Transaction [Line Items]
Related party transaction, description of transaction																Navios Partners has entered into an omnibus agreement with Navios Holdings (the “Partners Omnibus Agreement”) in connection with the closing of Navios Partners’ IPO governing, among other things, when Navios Holdings and Navios Partners may compete against each other as well as rights of first offer on certain drybulk carriers. Pursuant to the Partners Omnibus Agreement, Navios Holdings generally agreed not to acquire or own Panamax or Capesize drybulk carriers under time charters of three or more years without consent as required under such agreement. The Omnibus Agreement, however, contains significant exceptions that allow Navios Holdings or any of its affiliates to acquire or own these drybulk carriers.
Navios South American Logistics Inc. [Member] \| Navios Vega [member]
Related Party Transaction [Line Items]
Charter-out daily rate													$ 25,800
Date of delivery													first quarter of 2024
Charter revenue																$ 8,067,000
Agreement date description																addendum to the time charter agreement, dated in March 2025, the daily rate was amended as follows: (a) $14.0 per day, effective from January 1, 2025, through December 31, 2026; (b) $38.8 per day effective from January 1, 2027, through December 31, 2028; and (c) $25.8 per day effective from January 1, 2029, until termination.
Navios South American Logistics Inc. [Member] \| Navios Vega [member] \| January 1, 2025 [Member]
Related Party Transaction [Line Items]
Charter-out daily rate													$ 14,000
Navios South American Logistics Inc. [Member] \| Navios Vega [member] \| January 1, 2027 [Member]
Related Party Transaction [Line Items]
Charter-out daily rate													38,800
Navios South American Logistics Inc. [Member] \| Navios Vega [member] \| January 1, 2029 [Member]
Related Party Transaction [Line Items]
Charter-out daily rate													$ 25,800
Navios South American Logistics Inc. [Member] \| Amounts Due from Related Parties [Member] \| Navios Vega [member]
Related Party Transaction [Line Items]
Other Receivable, after Allowance for Credit Loss, Noncurrent																$ 2,531,000
Entity affiliated with the Company's Chairwoman and CEO [Member]
Related Party Transaction [Line Items]
Related party transaction, description of transaction																In December 2024, the Company completed the sale of two entities to an entity affiliated with the Company’s Chairwoman and Chief Executive Officer, Angeliki Frangou, for a nominal consideration.During the fourth quarter of 2023, the Company completed the sale of four entities to an entity affiliated with the Company’s Chairwoman and Chief Executive Officer, Angeliki Frangou, in consideration of nominal par value for the outstanding stock.

Cash and cash equivalents and restricted cash

12 Months Ended

Dec. 31, 2024

Cash and Cash Equivalents [Abstract]

Cash and cash equivalents and restricted cash

NOTE 3 – CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

Cash and cash equivalents and restricted cash consist of the following:


	December 31, 2024		December 31, 2023
Cash and cash equivalents	$	270,166	$	240,378
Restricted cash		29,623		8,797
Total cash and cash equivalents and restricted cash	$	299,789	$	249,175

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.

Fair value of financial instruments

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Fair value of financial instruments

NOTE 12 – FAIR VALUE OF FINANCIAL INSTRUMENTS

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

Fair value of financial instruments

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

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

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

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

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

Amounts due from related parties, long-term: The carrying amount of due from related parties, long-term reported in the Consolidated Balance Sheets approximates its fair value.

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

Credit facilities and financial liabilities, including current portion, net: The book value has been adjusted to reflect the net presentation of deferred finance costs. The outstanding balance of the floating rate credit facilities and financial liabilities continues to approximate its fair value, excluding the effect of any deferred finance costs.

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


	December 31, 2024						December 31, 2023
	Book Value			Fair Value			Book Value			Fair Value
Cash and cash equivalents	$	270,166		$	270,166		$	240,378		$	240,378
Restricted cash	$	29,623		$	29,623		$	8,797		$	8,797
Other investments	$	12,289		$	12,289		$	47,000		$	47,000
Amounts due from related parties, short-term	$	36,620		$	36,620		$	—		$	—
Amounts due from related parties, long-term	$	—		$	—		$	39,570		$	39,570
Amounts due to related parties, short-term	$	—		$	—		$	(32,026	)	$	(32,026	)
Credit facilities and financial liabilities, including current portion, net	$	(1,803,153	)	$	(1,827,384	)	$	(1,393,049	)	$	(1,410,563	)

Fair Value Measurements

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

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

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

Level III: Inputs that are unobservable. The Company did not use any Level III inputs as of December 31, 2024.


	Fair Value Measurements as at December 31, 2024
	Total			Level I		Level II			Level III
Cash and cash equivalents	$	270,166		$	270,166	$	—		$	—
Restricted cash	$	29,623		$	29,623	$	—		$	—
Other investments	$	12,289		$	12,289	$	—		$	—
Amounts due from related parties, short-term	$	36,620		$	—	$	36,620		$	—
Credit facilities and financial liabilities, including current portion, net (1)	$	(1,827,384	)	$	—	$	(1,827,384	)	$	—


	Fair Value Measurements as at December 31, 2023
	Total			Level I		Level II			Level III
Cash and cash equivalents	$	240,378		$	240,378	$	—		$	—
Restricted cash	$	8,797		$	8,797	$	—		$	—
Other investments	$	47,000		$	47,000	$	—		$	—
Amounts due from related parties, long-term	$	39,570		$	—	$	39,570		$	—
Amounts due to related parties, short-term	$	(32,026	)	$	—	$	(32,026	)	$	—
Credit facilities and financial liabilities, including current portion, net (1)	$	(1,410,563	)	$	—	$	(1,410,563	)	$	—

(1) The fair value of the Company’s credit facilities and financial liabilities is estimated based on currently available credit facilities, financial liabilities, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness.

As at December 31, 2024 and June 30, 2024, the estimated fair value of the Company’s vessels measured at fair value on a non-recurring basis, was based on the third party valuation reports and was categorized based upon the fair value hierarchy as follows:


	Fair Value Measurements as at December 31, 2024
	Total		Level I		Level II		Level III
Vessels, net	$	21,250	$	—	$	21,250	$	—


	Fair Value Measurements as at June 30, 2024
	Total		Level I		Level II		Level III
Vessels, net	$	25,510	$	—	$	25,510	$	—

As at December 31, 2023, the estimated fair value of the Company’s right-of-use asset measured at fair value on a non-recurring basis, is based on what a market participant would pay for the right-of-use asset for its highest and best use calculated using discounted cash flow, which comprises various assumptions, including the Company’s discount factor of 11.0% and is categorized based upon the fair value hierarchy as follows:


	Fair Value Measurements as at December 31, 2023
	Total		Level I		Level II		Level III
Operating leases	$	3,595	$	—	$	—	$	3,595

- 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.

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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Interest Expense and Finance Cost, Net (Tables)

12 Months Ended

Dec. 31, 2024

Interest and Debt Expense [Abstract]

Schedule of Interest Expense and Finance Cost, Net

Interest expense and finance cost, net for the years ended December 31, 2024, 2023 and 2022 consisted of the following:


	Year Ended December 31, 2024			Year Ended December 31, 2023			Year Ended December 31, 2022
Interest expense incurred on credit facilities and financial liabilities	$	110,830		$	110,818		$	71,508
Interest expense incurred on finance lease liabilities		28,602			30,313			12,243
Interest expense capitalized related to deposits for vessel acquisitions		(23,209	)		(19,457	)		(6,537	)
Amortization of finance charges		7,841			7,188			5,349
Discount effect of long-term assets and other finance costs		465			4,780			528
Total interest expense and finance cost, net	$	124,529		$	133,642		$	83,091

Borrowings

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Borrowings

NOTE 10 – BORROWINGS

Borrowings as of December 31, 2024 and December 31, 2023 consisted of the following:


	December 31, 2024			December 31, 2023
Credit facilities	$	1,096,178		$	908,288
Financial liabilities		731,206			502,275
Finance lease liabilities		325,784			468,414
Total borrowings	$	2,153,168		$	1,878,977
Less: Current portion of long-term borrowings, net		(266,222	)		(285,036	)
Less: Deferred finance costs, net		(24,231	)		(17,514	)
Long-term borrowings, net	$	1,862,715		$	1,576,427

As of December 31, 2024, the total borrowings, net of deferred finance costs were $2,128,937.

Credit Facilities

HAMBURG COMMERCIAL BANK AG: On December 17, 2024, Navios Partners entered into a credit facility with Hamburg Commercial Bank AG (“HCOB”) for a total amount up to $90,000 in order to refinance the existing indebtedness of seven of its vessels. On December 18, 2024, the full amount was drawn. As of December 31, 2024, the total outstanding balance was $90,000. The facility matures in the fourth quarter of 2028 and bears interest at Compounded Secured Overnight Financing Rate (“Compounded SOFR”) plus 180 bps per annum.

On September 5, 2022, Navios Partners entered into a credit facility with HCOB for a total amount up to $210,000 in order to refinance the existing indebtedness of 20 of its vessels and for working capital purposes. On September 9, 2022, the full amount was drawn. During the year ended December 31, 2022, following the sale of two vessels, the aggregate amount of $10,239 was prepaid. During the year ended December 31, 2023, following the sale of two vessels, the aggregate amount of $14,182 was prepaid. During the year ended December 31, 2024, following the sale of three vessels, the aggregate amount of $13,349 was prepaid. During the year ended December 31, 2024, Navios Partners prepaid the amount of $16,032 relating to three drybulk vessels that were released from the facility. On December 18, 2024, the outstanding balance of $91,136 was fully prepaid and refinanced.

In August 2021, as amended on November 10, 2021 and December 7, 2021, Navios Acquisition entered into a loan agreement with HCOB, Alpha Bank S.A. and National Bank of Greece, of $190,216 in order to partially refinance the existing indebtedness of seven tanker vessels. Pursuant to an amendment in December 2021, two container vessels were added as collaterals. In January 2023, following the sale of a 2011-built Chemical Tanker vessel of 25,145 dwt and a 2010-built Chemical Tanker vessel of 25,130 dwt, the amount of $11,440 was prepaid. In May 2024, in relation to the sale of a 2009-built VLCC of 297,188 dwt, the amount of $16,568 was prepaid. On September 24, 2024, the outstanding balance of $81,218 was fully prepaid and refinanced.

HELLENIC BANK PUBLIC COMPANY LIMITED: On December 4, 2024, Navios Partners entered into a credit facility with Hellenic Bank Public Company Limited (“Hellenic Bank”) for a total amount up to $30,000 in order to refinance the existing indebtedness of four of its vessels. On December 6, 2024, the full amount was drawn. As of December 31, 2024, the total outstanding balance was $30,000. The facility matures in the fourth quarter of 2029 and bears interest at Term Secured Overnight Financing Rate (“Term SOFR”) plus 175 bps per annum.

On May 9, 2022, Navios Partners entered into a credit facility with Hellenic Bank for a total amount up to $25,235 in order to refinance the existing indebtedness of five of its vessels and for working capital purposes. On May 11, 2022, the full amount was drawn. In January 2023, following the sale of one 2005-built MR2 Product Tanker vessel of 47,999 dwt, the amount of $3,700 was prepaid. As of December 31, 2024, the total outstanding balance was $11,965. The facility matures in the second quarter of 2027 and bears interest at Term SOFR plus a credit adjustment spread plus 250 bps per annum.

EUROBANK S.A: On September 27, 2024, Navios Partners entered into a credit facility with Eurobank S.A for a total amount up to $48,000 (divided into two advances) in order to refinance the existing indebtedness of three of its vessels (advance A) and to finance part of the acquisition cost of one Ultra-Handymax vessel (advance B). During the year ended December 31, 2024, the full amount was drawn. As of December 31, 2024, the total outstanding balance was $46,950. The credit facility matures in the third quarter of 2028 in relation to advance A and the fourth quarter of 2030 in relation to advance B and bears interest at Term SOFR plus 70 bps per annum for any part of the loan secured by cash collateral and 175 bps per annum for the remaining drawn amount.

On May 2, 2023, Navios Partners entered into a credit facility with Eurobank S.A for a total amount up to $30,000 to refinance the existing indebtedness of three of its tanker vessels and for general corporate purposes. On May 3, 2023, the full amount was drawn. During the year ended December 31, 2024, in relation to the sale of a 2009-built MR2 Product Tanker vessel of 50,470 dwt, the amount of $7,300 was prepaid. As of December 31, 2024, the total outstanding balance was $17,555. The facility matures in the second quarter of 2028 and bears interest at Term SOFR plus 100 bps per annum for any part of the loan (up to 70%) secured by cash collateral and 225 bps per annum for the remaining amount.

NATIONAL BANK OF GREECE S.A: On September 19, 2024, Navios Partners entered into a credit facility with National Bank of Greece S.A for a total amount up to $130,000 (divided into two tranches) in order to refinance the existing indebtedness of six of its vessels (tranche A) and to finance part of the acquisition cost of one Aframax/ LR2 newbuilding tanker vessel, currently under construction (tranche B). On September 20, 2024, the amount of $81,218 in relation to tranche A was drawn and tranche B remains to be drawn. As of December 31, 2024, the total outstanding balance was $77,873. The credit facility matures five years after each drawdown date and bears interest at Term SOFR (with option to switch to Compounded SOFR) plus 175 bps per annum and 150 bps per annum for drawn amounts of tranche A and tranche B, respectively.

On June 20, 2023, Navios Partners entered into a credit facility with National Bank of Greece S.A for a total amount up to $77,822 in order to refinance the existing indebtedness of ten of its vessels and for general corporate purposes. In June 2023, the full amount was drawn. During the year ended December 31, 2024, following the sale of a 2009-built MR2 Product Tanker vessel of 50,542 dwt, the amount of $7,137 was prepaid. As of December 31, 2024, the total outstanding balance was $56,211. The credit facility matures in the second quarter of 2028 and bears interest at Term SOFR (with option to switch to Compounded SOFR) plus 215 bps per annum.

ABN AMRO BANK N.V: On June 26, 2024, Navios Partners entered into a reducing revolving credit facility with ABN Amro Bank N.V (“ABN”) for a total amount up to $95,000 (divided into two tranches) in order to refinance the existing indebtedness of two of its vessels and to finance part of the acquisition cost of four dry bulk vessels. Following the deliveries of the four vessels, during the year ended December 31, 2024, the full amount was drawn. As of December 31, 2024, the total outstanding balance was $90,750. The credit facility matures five years after each drawdown date and bears interest at Compounded SOFR (with option to switch to Term SOFR) plus 175 bps per annum.

On March 28, 2022, Navios Partners entered into a credit facility with ABN for a total amount up to $55,000 in order to refinance the existing indebtedness of three of its vessels and for general corporate purposes. On March 31, 2022, the full amount was drawn. As of December 31, 2024, the total outstanding balance was $36,300. The facility matures in the first quarter of 2027 and bears interest at Compounded SOFR plus 225 bps per annum.

NORDEA BANK ABP: On January 3, 2024, Navios Partners entered into a credit facility with Nordea Bank ABP for a total amount up to $40,000 in order to refinance three tankers. On March 26, 2024, the full amount was drawn. As of December 31, 2024, the total outstanding balance was $36,275. The credit facility matures in the first quarter of 2029 and bears interest at Compounded SOFR plus 195 bps per annum.

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK: On June 28, 2023, Navios Partners entered into a credit facility with Credit Agricole Corporate and Investment Bank for a total amount up to $62,400 in order to refinance the existing indebtedness of seven of its dry bulk vessels. On June 30, 2023, the full amount was drawn. During the year ended December 31, 2024, in relation to the sale of a 2006-built Kamsarmax vessel of 82,790 dwt, the amount of $3,818 was prepaid. As of December 31, 2024, the total outstanding balance was $42,298. The facility matures in the second quarter of 2026 and bears interest at Term SOFR plus 250 bps per annum.

BNP PARIBAS: On June 21, 2023, Navios Partners entered into a credit facility with BNP Paribas, Credit Agricole Corporate and Investment Bank and First-Citizens Bank & Trust Company for a total amount up to $107,600 in order to refinance the existing indebtedness of ten of its vessels and for general corporate purposes. On June 26, 2023, the full amount was drawn. In October 2024, following the sale of one 2005-built Panamax vessel of 76,596 dwt, the amount of $3,108 was prepaid. On November 14, 2024, Navios Partners prepaid the amount of $7,679 relating to one dry bulk vessel that was released from the facility. As of December 31, 2024, the total outstanding balance was $55,853. The facility matures in the second quarter of 2026 and bears interest at Compounded SOFR plus 250 bps per annum.

On June 12, 2023, Navios Partners entered into a credit facility with BNP Paribas for a total amount up to $40,000 in order to refinance the existing indebtedness of nine of its containerships. On June 16, 2023, the full amount was drawn. On April 29, 2024, Navios Partners prepaid the amount of $3,990 relating to one containership that was released from the facility. As of December 31, 2024, the total outstanding balance was $24,250. The credit facility matures in the second quarter of 2026 and bears interest at Compounded SOFR plus 250 bps per annum.

KFW IPEX-BANK GMBH: On April 25, 2023, Navios Partners entered into an export agency-backed facility with KFW IPEX-BANK GMBH (“KFW”) for a total amount up to $165,638 in order to finance the acquisition cost of two 7,700 TEU newbuilding containerships. As of December 31, 2024, the Company has drawn a total amount of $119,434 and $46,204 remains to be drawn. As of December 31, 2024, the total outstanding balance was $119,434. The credit facility is scheduled to mature 12 years after the delivery of each vessel and bears interest at Compounded SOFR plus 150 bps per annum.

On September 30, 2022, Navios Partners entered into a credit facility with KFW for a total amount up to $86,240 in order to finance part of the acquisition cost of two newbuilding containerships. Following the delivery of the two 5,300 TEU newbuilding containerships in November 2023 and January 2024, the full amount was drawn. As of December 31, 2024, the total outstanding balance was $81,524. The credit facility matures in the fourth quarter of 2030 and the first quarter of 2031 and bears interest at Compounded SOFR plus 200 bps per annum.

SKANDINAVISKA ENSKILDA BANKEN AB: On April 19, 2023, Navios Partners entered into a credit facility with Skandinaviska Enskilda Banken AB (“Skandinaviska Enskilda”) for a total amount up to $65,000 in order to refinance the existing indebtedness of five of its tanker vessels and for general corporate purposes. On April 21, 2023, the full amount was drawn. As of December 31, 2024, the total outstanding balance was $53,300. The facility matures in the second quarter of 2028 and bears interest at Compounded SOFR plus 200 bps per annum.

On June 29, 2022, Navios Partners entered into a credit facility with Skandinaviska Enskilda for a total amount up to $55,000 in order to refinance the existing indebtedness of four of its vessels and for general corporate purposes. On June 30, 2022, the full amount was drawn. As of December 31, 2024, the total outstanding balance was $35,400. The facility matures in the second quarter of 2027 and bears interest at Compounded SOFR plus 225 bps per annum.

DNB (UK) LIMITED AND THE EXPORT-IMPORT BANK OF CHINA: On February 16, 2023, Navios Partners entered into a credit facility with DNB (UK) Limited and The Export-Import Bank of China for a total amount up to $161,600 in order to finance part of the contract price of four newbuilding containerships. Following the deliveries of the four 5,300 TEU newbuilding containerships, during the year ended December 31, 2024, the full amount was drawn. As of December 31, 2024, the total outstanding balance was $156,540. The credit facility matures ten years after each drawdown date upon the delivery of the respective vessel and bears interest at Compounded SOFR plus 170 bps per annum.

FIRST-CITIZENS BANK & TRUST COMPANY: On December 21, 2022, Navios Partners entered into a credit facility with First-Citizens Bank & Trust Company for a total amount up to $44,200 in order to refinance the existing indebtedness of three of its tanker vessels and for general corporate purposes. On January 9, 2023, the full amount was drawn. As of December 31, 2024, the total outstanding balance was $33,700. The facility matures in the first quarter of 2028 and bears interest at Term SOFR plus 195 bps per annum.

DNB BANK ASA: On December 13, 2021, Navios Partners entered into a sustainability linked credit facility with DNB Bank ASA for a total amount up to $72,710 for the refinancing of the existing credit facilities of three tanker vessels and two dry bulk vessels. On December 15, 2021, the full amount was drawn. On December 15, 2023, Navios Partners prepaid the amount of $37,075 relating to three tanker vessels that were released from the facility. On June 28, 2024, the total outstanding balance of $17,160 relating to the remaining two dry bulk vessels was fully prepaid.

On August 19, 2021, Navios Partners entered into a credit facility with DNB Bank ASA for a total amount up to $18,000, in order to finance part of the acquisition cost of the Navios Azimuth. On August 20, 2021, the full amount was drawn. On February 20, 2024, the total outstanding balance of $12,240 was fully prepaid.

Financial Liabilities

In November 2024, Navios Partners entered into a sale and leaseback agreement of $16,000 with an unrelated third party for the Navios Lumen, a 2009-built Capesize of 180,493 dwt. The bareboat charter-in has a duration of four years and provides for purchase options with fixed de-escalating purchase prices starting on the end of the second year. Since the purchase price is not equal to the expected fair value of the asset at the time the purchase option is exercised, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On December 19, 2024, the full amount was drawn. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $15,754. The sale and leaseback transaction matures in the fourth quarter of 2028 and bears interest at Term SOFR plus 241 bps per annum.

In February 2024, Navios Partners entered into a sale and leaseback agreement of $16,800 with an unrelated third party for the Navios Azimuth, a 2011-built Capesize vessel of 179,169 dwt. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. In February 2024, Navios Partners declared its option to purchase the vessel at the end of the sixth year of the bareboat charter-in agreement, preserving the right to exercise the purchase option earlier during the option period. 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 March 15, 2024, the full amount was drawn. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $15,439. The sale and leaseback transaction matures in the first quarter of 2030 and bears interest at Term SOFR plus 225 bps per annum.

In January 2024, Navios Partners entered into a sale and leaseback agreement for a total amount up to $45,260 with an unrelated third party, in order to finance the acquisition of one 115,000 dwt Aframax/LR2 newbuilding tanker vessel. As of December 31, 2024, the total amount remained undrawn. The sale and leaseback agreement matures seven years after the drawdown date and bears interest at Term SOFR plus 190 bps per annum.

In November 2023, Navios Partners entered into sale and leaseback agreements of $175,600 with unrelated third parties, in order to finance the acquisition of two 5,300 TEU newbuilding containerships and two Aframax/LR2 newbuilding tanker vessels. During the year ended December 31, 2024, in relation to the deliveries of the Nave Polaris, a 2024-built Aframax/LR2 tanker vessel of 115,698 dwt, the Navios Utmost, a 2024-built 5,300 TEU containership and the Navios Unite, a 2024-built 5,300 TEU containership, the amount of $131,750 was drawn and $43,850 remains to be drawn. Navios Partners has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, Navios Partners did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback transaction as a financial liability. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $131,098. The sale and leaseback transaction matures ten years after each drawdown date and bears interest at Term SOFR plus 200 bps per annum.

In October 2023, the Company entered into a sale and leaseback agreement of $22,800 with an unrelated third party in order to finance the acquisition of the Navios Horizon I. The bareboat charter-in has a duration of 12 years and provides for purchase options with fixed de-escalating prices starting on the end of the fourth year. Since the purchase price is not equal to the expected fair value of the asset at the time the purchase option is exercised, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as financial liability. On November 16, 2023, the full amount was drawn. The sale and leaseback transaction matures in the fourth quarter of 2035 and bears interest at Term SOFR plus 220 bps per annum. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $20,778.

In May 2023, Navios Partners entered into sale and leaseback agreements of $178,000 with unrelated third parties, in order to finance the acquisition of two 5,300 TEU newbuilding containerships and two Aframax/LR2 newbuilding tanker vessels. During the year ended December 31, 2024, following the deliveries of the four vessels, the full amount was drawn. Navios Partners has a purchase option to acquire the vessels at the end of the lease term and given the fact that such exercise price is not equal to the expected fair value of each asset at the end of the lease term, under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback agreement as a financial liability. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $172,415. The sale and leaseback transaction matures ten years after each drawdown date and bears interest at Term SOFR plus 210 bps per annum.

In February 2023, the Company entered into a sale and leaseback agreement of $32,000 with an unrelated third party, in order to finance the Navios Felix, a 2016-built Capesize vessel of 181,221 dwt. The bareboat charter-in has a duration of ten years and provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. Since the purchase price is not equal to the expected fair value of the asset at the time the purchase option is exercised, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On March 9, 2023, the full amount was drawn. The sale and leaseback transaction matures in the first quarter of 2033 and following the amendment dated June 29, 2023 bears interest at Term SOFR plus 211 bps per annum. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $26,271.

On December 5, 2022, the Company entered into a sale and leaseback agreement of $10,500 with an unrelated third party for the Navios Sagittarius, a 2006-built Panamax vessel of 75,756 dwt. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the third year. In December 2022, Navios Partners declared its option to purchase the vessel at the end of the fourth year of the bareboat charter-in agreement, preserving the right to exercise the purchase option earlier during the option period. 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 December 15, 2022, the full amount was drawn. In December 2024, following the sale of the Navios Sagittarius, the outstanding balance under the sale and leaseback agreement of $6,750 was fully prepaid.

On November 15, 2022, the Company entered into a sale and leaseback agreement of $24,000 with an unrelated third party for the Navios Alegria, a 2016-built Kamsarmax vessel of 84,852 dwt. Navios Partners has a purchase option to acquire the vessel at the end of the lease term and given the fact that such exercise price is not equal to the expected fair value of the asset at the end of the lease term, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On December 7, 2022, the full amount was drawn. The agreement matures in the fourth quarter of 2032 and following the amendment dated August 13, 2023 bears interest at Term SOFR plus 211 bps per annum. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement of the Navios Alegria was $19,078.

In October 2022, Navios Partners completed a $100,000 sale and leaseback transaction with unrelated third parties to refinance the existing sale and leaseback transaction of 12 containerships. Navios Partners has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, Navios Partners did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback transaction as a financial liability. Navios Partners drew the entire amount on October 31, 2022, net of discount of $800. In May 2024, in relation to the sale of one 2007-built 3,450 TEU containership, the amount of $4,411 was prepaid. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $47,771. The sale and leaseback agreement matures in the first quarter of 2026 and bears interest at Term SOFR plus 210 bps per annum.

Pursuant to a novation agreement dated January 28, 2022, the Company agreed to novate the shipbuilding contract and to simultaneously enter into a bareboat charter agreement to bareboat charter-in a newbuilding Kamsarmax vessel of 82,010 dwt, under a ten-year bareboat contract, from an unrelated third party, the Navios Meridian. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. In January 2022, Navios Partners declared its option to purchase the vessel at the end of the tenth year of the bareboat charter-in agreement, preserving the right to exercise the purchase option earlier during the option period. The Company-lessee has performed an assessment based on provisions of ASC 842 and concluded that it controls the underlying asset that is under construction before the commencement date of the lease and as such, a sale and leaseback of the asset occurs at the commencement date of the lease (upon the completion of construction). Under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In February 2023, Navios Partners took delivery of the Navios Meridian and recognized an amount of $27,440 as financial liability in accordance with ASC 842-40. The sale and leaseback transaction matures in the first quarter of 2033 and following the amendment dated August 4, 2023 bears interest at Term SOFR plus 191 bps per annum. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $23,934.

Pursuant to a novation agreement dated December 20, 2021, the Company agreed to novate the shipbuilding contract and to simultaneously enter into a bareboat charter agreement to bareboat charter-in a newbuilding Kamsarmax vessel of 82,003 dwt, under a ten-year bareboat contract, from an unrelated third party, the Navios Primavera. The Company-lessee has performed an assessment based on provisions of ASC 842 and concluded that it controls the underlying asset that is under construction before the commencement date of the lease and as such, a sale and leaseback of the asset occurs at the commencement date of the lease (upon the completion of construction). In July 2022, Navios Partners took delivery of the Navios Primavera, and entered into sale and leaseback agreement with an unrelated third party for $25,264. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. The agreement matures in the third quarter of 2032. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $21,940.

On August 16, 2021, the Company entered into a sale and leaseback agreement of $15,000 with an unrelated third party for the Navios Pollux, a 2009-built Capesize vessel of 180,727 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 August 25, 2021, the full amount was drawn. The agreement matures in the third quarter of 2027. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement of the Navios Pollux was $9,611.

In June 2021, the Company entered into a 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 full amount was drawn. The agreement matures in the second quarter of 2027. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement of the Navios Bonavis was $9,334.

In June 2021, the Company entered into a 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 full amount was drawn. The agreement matures in the second quarter of 2030. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement of the Navios Ray was $13,748.

On July 2, 2019, the Company entered into a sale and leaseback agreement of $22,000, with unrelated third parties for the Navios Ace, a 2011-built Capesize vessel of 178,929 dwt. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On July 24, 2019, the full amount was drawn. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement of the Navios Ace was $15,138. The agreement matures in the third quarter of 2030.

On April 5, 2019, the Company entered into a sale and leaseback agreement of $20,000, with unrelated third parties for the Navios Sol, a 2009-built Capesize vessel of 180,274 dwt. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On April 11, 2019, the full amount was drawn. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement of the Navios Sol was $12,957. The agreement matures in the second quarter of 2029.

In December 2018, the Company entered into two sale and leaseback agreements of $25,000 in total, with unrelated third parties for the Navios Fantastiks and the Navios Beaufiks. Navios Partners has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback agreements as a financial liability. In October 2023, following the sale of the Navios Beaufiks a purchase obligation of $6,528 was fully prepaid. The sale and leaseback agreement of the Navios Fantastiks matured in the third quarter of 2024 and was fully repaid.

Upon completion of the merger with Navios Maritime Containers L.P. (“Navios Containers”), Navios Partners assumed the following financial liability:

On March 11, 2020, Navios Containers completed a $119,060 sale and leaseback transaction with unrelated third parties to refinance the existing credit facilities of two 8,204 TEU containerships and two 10,000 TEU containerships. Navios Containers has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, Navios Containers did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback transaction as a financial liability. Navios Containers drew the entire amount on March 13, 2020, net of discount of $1,191. In September 2022, following the sale of two 2006-built container vessels of 8,204 TEU each, the amount of $24,642 was prepaid. Following the prepayment the sale and leaseback agreement matures in March 2027 for the two 10,000 TEU containerships. In August 2023, the Company amended the sale and leaseback agreements to bear interest at Term SOFR plus 225 bps per annum. As of December 31, 2024, the outstanding balance under this sale and leaseback transaction was $43,594.

Upon acquisition of the majority of outstanding stock of Navios Acquisition, Navios Partners assumed the following financial liabilities:

In August 2019, Navios Acquisition entered into a sale and leaseback agreement of $15,000, with unrelated third parties in order to refinance one product tanker. Navios Acquisition had a purchase option to acquire the vessel at the end of the lease term and given the fact that such exercise price was not equal to the expected fair value of the asset at the end of the lease term, under ASC 842-40, the transaction was determined to be a failed sale. Pursuant to and an amendment dated July 2023, the agreement bore interest at Term SOFR plus an implied margin of 400 bps per annum. The sale and leaseback agreement matured in August 2024 and was fully repaid.

On March 31, 2018, Navios Acquisition entered into a $71,500 sale and leaseback agreement with unrelated third parties to refinance the outstanding balance of the existing facility on four product tankers. Navios Acquisition has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transaction was accounted for as a failed sale. In accordance with ASC 842-40, Navios Acquisition did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under sale and lease back agreement as a financial liability. In April 2018, Navios Acquisition drew $71,500 under this agreement. The sale and leaseback agreement matures in April 2029 and bears interest at Term SOFR plus 190 bps per annum. As of December 31, 2024, the outstanding balance under this agreement was $31,281.

Following the acquisition of 36-vessel drybulk fleet from Navios Holdings, Navios Partners assumed the following financial liabilities:

In July 2022, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $22,000 in order to finance a Panamax vessel. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the third quarter of 2032. Pursuant to the amendment dated June 27, 2023, the agreement bears interest at Term SOFR plus 166 bps per annum. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $17,250.

In February 2022, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $12,000 in order to finance a Panamax vessel. Navios Partners has a purchase option to acquire the vessel at the end of the lease term and given the fact that such exercise price is not equal to the expected fair value of the asset at the end of the lease term, under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the first quarter of 2027. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $6,502.

In December 2021, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $19,000 in order to finance a Capesize vessel. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the first quarter of 2029. Following the amendment dated June 27, 2023, the agreement bears interest at Term SOFR plus margin of 211 bps per annum. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $11,286.

In December 2021, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $19,000 in order to finance a Capesize vessel. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the fourth quarter of 2029. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $13,738.

In December 2021, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $20,000 in order to finance a Capesize vessel. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the fourth quarter of 2027. Pursuant to the amendment dated June 19, 2023, the agreement and bears interest at Term SOFR plus 311 bps per annum. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $11,521.

In November 2021, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $19,000 in order to finance a Capesize vessel. Navios Partners had a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matured in the fourth quarter of 2029. In December 2024, the outstanding balance under the sale and leaseback agreement of $13,849 was prepaid.

In February 2020, Navios Holdings entered into a sale and leaseback agreement with an unrelated third party for $35,000 in order to finance a Capesize vessel. Navios Partners has a purchase option to acquire the vessel at the end of the lease term and given the fact that such exercise price is not equal to the expected fair value of the asset at the end of the lease term, under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the first quarter of 2032 and following the amendment dated June 28, 2023 bears interest at Term SOFR plus 211 bps per annum. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $21,205.

In November 2019, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $33,000 in order to finance a Capesize vessel. Navios Partners has a purchase option to acquire the vessel at the end of the lease term and given the fact that such exercise price is not equal to the expected fair value of the asset at the end of the lease term, under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the first quarter of 2032. Pursuant to the amendment dated June 28, 2023 the agreement bears interest at Term SOFR plus 211 bps per annum. As of December 31, 2024, the outstanding balance under the sale and leaseback agreement was $19,563.

Finance Lease Liabilities

In June 2024, Navios Partners agreed to acquire from an unrelated third party the Navios Venus, a previously chartered-in, 2015-built Ultra-Handymax vessel of 61,339 dwt, which was previously accounted for as a right-of-use asset under operating lease. In accordance with the provisions of ASC 842, the Company accounted the transaction as a lease modification and upon reassessment of the classification of the lease, the Company has classified the above transaction as finance lease, as of the effective date of the modification. Consequently, as per ASC 842-10-25-11, the Company reallocated the remaining consideration in the contract and remeasured the lease liability using an updated incremental borrowing rate of approximately 6%. In December 2024, the Company acquired the Navios Venus and repaid in full the outstanding balance of the finance lease liability as of that date.

On June 21, 2023, Navios Partners took delivery of the Navios Amethyst, a 2023-built Capesize vessel of 182,212 dwt, under a 15-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the agreement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 5.4%. As of December 31, 2024, the outstanding balance was $56,735 and is repayable in 14 years.

On April 27, 2023, Navios Partners took delivery of the Navios Sakura, a 2023-built Capesize vessel of 182,169 dwt, under a 15-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting at the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the agreement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 5.5%. As of December 31, 2024, the outstanding balance was $43,077 and is repayable in 14 years.

On March 29, 2023, Navios Partners took delivery of the Navios Altair, a 2023-built Capesize vessel of 182,115 dwt under a 15-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the agreement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6.5%. As of December 31, 2024, the outstanding balance was $38,704 and is repayable in 14 years.

On November 17, 2022, Navios Partners took delivery of the Navios Azalea, a 2022-built Capesize vessel of 182,064 dwt, for a 15-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 7%. As of December 31, 2024, the outstanding balance was $37,147 and is repayable in 13 years.

On September 21, 2022, Navios Partners took delivery of the Navios Armonia, a 2022-built Capesize vessel of 182,079 dwt, for a 15-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value discounted by the Company’s incremental borrowing rate of approximately 7% of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period. As of December 31, 2024, the outstanding balance was $36,893 and is repayable in 13 years.

On September 13, 2022, Navios Partners took delivery of the Navios Astra, a 2022-built Capesize vessel of 182,393 dwt, for a 10-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. In December 2021, Navios Partners declared its option to purchase the vessel at the end of the tenth year of the bareboat charter-in agreement, preserving the right to exercise the purchase option earlier during the option period. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $42,781, based on the net present value of the remaining charter-in payments including the purchase obligation to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 7%. As of December 31, 2024, the outstanding balance was $37,134 and is repayable in eight years.

Following the acquisition of 36-vessel drybulk fleet from Navios Holdings, Navios Partners, upon reassessing the classification of the following leases in accordance with the criteria in ASC 842 Leases, recognized the following finance lease liabilities:

On July 29, 2022, Navios Partners took delivery of the Navios Magellan II, a 2020-built Kamsarmax vessel of 82,037 dwt, for a remaining eight-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $19,385 based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6%. As of December 31, 2024, the outstanding balance was $16,709 and is repayable in six years.

On July 29, 2022, Navios Partners took delivery of the Navios Galaxy II, a 2020-built Kamsarmax vessel of 81,789 dwt, for a remaining eight-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $17,702 based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6%. As of December 31, 2024, the outstanding balance was $14,568 and is repayable in six years.

On July 29, 2022, Navios Partners took delivery of the Navios Uranus, a 2019-built Kamsarmax vessel of 81,821 dwt, for a remaining seven-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $17,607, based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6%. As of December 31, 2024, the outstanding balance was $14,503 and is repayable in five years.

On July 29, 2022, Navios Partners took delivery of the Navios Felicity I, a 2020-built Kamsarmax vessel of 81,962 dwt, for a remaining seven-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $17,473, based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6%. As of December 31, 2024, the outstanding balance was $15,103 and is repayable in five years.

On July 29, 2022, Navios Partners took delivery of the Navios Herakles I, a 2019-built Kamsarmax vessel of 82,036 dwt, for a remaining seven-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $17,791 based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6%. As of December 31, 2024, the outstanding balance was $15,211 and is repayable in five years.

On July 29, 2022, Navios Partners took delivery of the Navios Coral, a 2016-built Kamsarmax vessel of 84,904 dwt, for a remaining three-year charter-in agreement. The charter-in provided for purchase options with de-escalating purchase prices. The Company had performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement was a finance lease. Consequently, the Company had recognized a finance lease liability based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6%. During the first quarter of 2024, the Company declared its option to acquire the vessel and remeasured the finance lease liability. The finance lease liability recognized at the date of remeasurement was decreased by $636. The corresponding right-of-use asset under finance lease was adjusted upon remeasurement of the finance lease liability (see Note 6 – Vessels, net). In June 2024, the Company acquired the Navios Coral and repaid in full the outstanding balance of the finance lease liability as of that date.

On July 29, 2022, Navios Partners took delivery of the Navios Amber, a 2015-built Kamsarmax vessel of 80,909 dwt, for a remaining one-year charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6%. During the first quarter of 2024, the Company declared its option to extend the charter period for one year and declared its option to acquire the vessel. Under the ASC 842, the extension of the charter period is considered as a lease modification. Consequently, the Company reallocated the remaining consideration in the contract and remeasured the finance lease liability by using the updated Company’s incremental borrowing rate of approximately 6%. The finance lease liability recognized at the date of modification was increased by $592. The corresponding right-of-use asset under finance lease was adjusted upon remeasurement of the finance lease liability (see Note 6 – Vessels, net). In September 2024, the Company acquired the Navios Amber and repaid in full the outstanding balance of the finance lease liability as of that date.

On July 29, 2022, Navios Partners took delivery of the Navios Citrine, a 2017-built Kamsarmax vessel of 81,626 dwt, for a remaining three-year charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6%. During the first quarter of 2024, the Company declared its option to acquire the vessel and remeasured the finance lease liability. The finance lease liability recognized at the date of remeasurement was decreased by $969. The corresponding right-of-use asset under finance lease was adjusted upon remeasurement of the finance lease liability (see Note 6 – Vessels, net). In July 2024, the Company acquired the Navios Citrine and repaid in full the outstanding balance of the finance lease liability as of that date.

On July 29, 2022, Navios Partners took delivery of the Navios Dolphin, a 2017-built Kamsarmax vessel of 81,630 dwt, for a remaining three-year charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately 6%. During the first quarter of 2024, the Company declared its option to acquire the vessel and remeasured the finance lease liability. The finance lease liability recognized at the date of remeasurement was decreased by $1,024. The corresponding right-of-use asset under finance lease was adjusted upon remeasurement of the finance lease liability (see Note 6 – Vessels, net). In July 2024, the Company acquired the Navios Dolphin and repaid in full the outstanding balance of the finance lease liability as of that date.

For the years ended December 31, 2024, 2023 and 2022, payments related to the finance lease liabilities amounted to $25,672, $26,172 and $10,389, respectively, and are presented under the caption “Repayment of long-term debt and financial liabilities” in the Consolidated Statements of Cash Flows.

Covenants and Other Terms of Credit Facilities and Financial Liabilities

The credit facilities and certain financial liabilities contain a number of restrictive covenants that prohibit or limit Navios Partners from, among other things: incurring or guaranteeing indebtedness; entering into affiliate transactions; charging, pledging or encumbering the vessels; changing the flag, class, management or ownership of Navios Partners’ vessels; changing the commercial and technical management of Navios Partners’ vessels; selling or changing the beneficial ownership or control of Navios Partners’ vessels; not maintaining Angeliki Frangou’s or their affiliates’ ownership in Navios Partners of at least 5.0%; and subordinating the obligations under the credit facilities to any general and administrative costs related to the vessels and the payables under the Management Agreements (defined herein).

The Company’s credit facilities and certain financial liabilities also require compliance with a number of financial covenants, including: (i) maintain a required security ranging over 110% to 140%; (ii) minimum free consolidated liquidity in an amount equal to $500 per owned vessel and a number of vessels as defined in the Company’s credit facilities and financial liabilities; (iii) maintain a ratio of EBITDA to interest expense of at least 2.00:1.00; (iv) maintain a ratio of total liabilities or total debt to total assets (as defined in the Company’s credit facilities and financial liabilities) ranging from less than 0.75 to 0.80; and (v) maintain a minimum net worth of $135,000.

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

As of December 31, 2024, Navios Partners was in compliance with the financial covenants and/or the prepayments and/or the cure provisions, as applicable, in each of its credit facilities and certain financial liabilities.

The annualized weighted average interest rates of the Company’s total borrowings were 6.9%, 7.2% and 5.3% for the years ended December 31, 2024, 2023 and 2022, respectively.

The maturity table below reflects the principal payments for the next five years and thereafter of all borrowings of Navios Partners outstanding as of December 31, 2024, based on the repayment schedules of the respective credit facilities, financial liabilities and finance lease liabilities (as described above).


Period	Amount
2025	$	272,035
2026		345,207
2027		283,352
2028		293,736
2029		241,480
2030 and thereafter		717,358
Total	$	2,153,168

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
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-Section 50
-Paragraph 6
-Subparagraph (a)
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-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
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-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
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-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
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-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Accrued expenses (Tables)

12 Months Ended

Dec. 31, 2024

Accrued Expenses

Accrued expenses

Accrued expenses as of December 31, 2024 and 2023 consisted of the following:


	December 31, 2024		December 31, 2023
Accrued voyage expenses	$	17,731	$	10,641
Accrued loan interest		7,944		7,420
Accrued legal and professional fees		8,190		5,547
Total accrued expenses	$	33,865	$	23,608

Cash and cash equivalents and restricted cash (Tables)

12 Months Ended

Dec. 31, 2024

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents and Restricted Cash


	December 31, 2024		December 31, 2023
Cash and cash equivalents	$	270,166	$	240,378
Restricted cash		29,623		8,797
Total cash and cash equivalents and restricted cash	$	299,789	$	249,175

Vessels, Net (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Vessels, Net


Total Vessels	Cost			Accumulated Depreciation			Net Book Value
Balance December 31, 2021	$	3,220,627		$	(368,057	)	$	2,852,570
Additions/ (Depreciation)		1,202,206			(163,941	)		1,038,265
Disposals		(130,683	)		17,177			(113,506	)
Balance December 31, 2022	$	4,292,150		$	(514,821	)	$	3,777,329
Additions/ (Depreciation)		432,773			(199,135	)		233,638
Disposals		(301,462	)		25,166			(276,296	)
Balance December 31, 2023	$	4,423,461		$	(688,790	)	$	3,734,671
Additions/ Remeasurement of finance lease liability/ (Depreciation)		1,065,949			(209,950	)		855,999
Disposals/ Impairment/ Transfers to owned vessels		(438,644	)		89,266			(349,378	)
Balance December 31, 2024	$	5,050,766		$	(809,474	)	$	4,241,292

The above balances as of December 31, 2024 are analyzed in the following tables:


Owned Vessels	Cost			Accumulated Depreciation			Net Book Value
Balance December 31, 2023	$	3,782,032		$	(656,531	)	$	3,125,501
Additions/ (Depreciation)		1,040,523			(188,059	)		852,464
Disposals/ Impairment		(228,261	)		69,112			(159,149	)
Balance December 31, 2024	$	4,594,294		$	(775,478	)	$	3,818,816


Right-of-use assets under finance lease	Cost			Accumulated Depreciation			Net Book Value
Balance December 31, 2023	$	641,429		$	(32,259	)	$	609,170
Remeasurement of finance lease liability/ (Depreciation)		25,426			(21,891	)		3,535
Transfers to owned vessels		(210,383	)		20,154			(190,229	)
Balance December 31, 2024	$	456,472		$	(33,996	)	$	422,476

Cash Distribution and Earnings per Unit

12 Months Ended

Dec. 31, 2024

Cash Distribution And Earnings Per Unit

Cash Distribution and Earnings per Unit

NOTE 18 – CASH DISTRIBUTIONS AND EARNINGS PER UNIT

The amount of distributions paid by Navios Partners and the decision to make any distribution is determined by the Company’s board of directors and will depend on, among other things, Navios Partners’ cash requirements as measured by market opportunities and restrictions under its credit agreements and other debt obligations and such other factors as the Board of Directors may deem advisable. There is no guarantee that the Company will pay the quarterly distribution on the common units in any quarter. The Company is prohibited from making any distributions to unitholders if it would cause an event of default, or an event of default exists, under its existing credit facilities.

There are incentive distribution rights held by Navios GP L.L.C., which are analyzed as follows:


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

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

The authorized quarterly cash distributions for all quarters during the years ended December 31, 2024, 2023 and 2022, are presented below:


Date	Authorized Quarterly Cash Distribution for the three months ended	Date of record of Common and General Partnership unit Unitholders	Payment of Distribution	$/ Unit		Amount of the declared distribution
January 2022	December 31,2021	February 9, 2022	February 11, 2022	$	0.05	$	1,541
April 2022	March 31, 2022	May 9, 2022	May 12, 2022	$	0.05	$	1,541
July 2022	June 30, 2022	August 9, 2022	August 12, 2022	$	0.05	$	1,541
October 2022	September 30, 2022	November 8, 2022	November 10, 2022	$	0.05	$	1,540
January 2023	December 31, 2022	February 10, 2023	February 14, 2023	$	0.05	$	1,540
April 2023	March 31, 2023	May 9, 2023	May 12, 2023	$	0.05	$	1,540
July 2023	June 30, 2023	August 8, 2023	August 11, 2023	$	0.05	$	1,540
October 2023	September 30, 2023	November 7, 2023	November 13, 2023	$	0.05	$	1,540
February 2024	December 31, 2023	February 12, 2024	February 14, 2024	$	0.05	$	1,540
April 2024	March 31, 2024	May 10, 2024	May 14, 2024	$	0.05	$	1,540
July 2024	June 30, 2024	August 9, 2024	August 14, 2024	$	0.05	$	1,531
October 2024	September 30, 2024	November 12, 2024	November 15, 2024	$	0.05	$	1,521
January 2025	December 31, 2024	February 10, 2025	February 13, 2025	$	0.05	$	1,511

Navios Partners calculates earnings/(losses) per unit by allocating reported net income/(loss) 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 common unit is determined by dividing net income/(loss) 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 earnings/(loss) per unit undistributed is determined by taking the distributions in excess of net income/(loss) and allocating between common units and general partnership units on a 98%-2% basis. There were no options or phantom units outstanding during each of the years ended December 31, 2024, 2023 and 2022.

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


	Year Ended December 31, 2024		Year Ended December 31, 2023		Year Ended December 31, 2022
Net income	$	367,308	$	433,645	$	579,247
Income attributable to:
Common unitholders	$	359,867	$	424,974	$	567,662
Weighted average units outstanding basic
Common unitholders		30,029,279		30,183,428		30,155,148
Earnings per unit basic:
Common unitholders	$	11.98	$	14.08	$	18.82
Weighted average units outstanding diluted
Common unitholders		30,029,279		30,184,388		30,156,149
Earnings per unit diluted:
Common unitholders	$	11.98	$	14.08	$	18.82
Earnings per unit distributed basic:
Common unitholders	$	0.20	$	0.20	$	0.20
Earnings per unit distributed diluted:
Common unitholders	$	0.20	$	0.20	$	0.20
Earnings per unit undistributed basic:
Common unitholders	$	11.78	$	13.88	$	18.62
Earnings per unit undistributed diluted:
Common unitholders	$	11.78	$	13.88	$	18.62

Potential common units of 0, 0 and 1,001 for the years ended December 31, 2024, 2023 and 2022, respectively are included in the calculation of earnings per unit diluted.

Prepaid expenses and other current assets (Tables)

12 Months Ended

Dec. 31, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses And Other Current Assets

Prepaid expenses and other current assets consist of the following:


	December 31, 2024		December 31, 2023
Prepaid voyage costs	$	5,574	$	7,350
Inventories		32,793		37,566
Claims receivable		5,719		8,507
Other		16,808		7,913
Total prepaid expenses and other current assets	$	60,894	$	61,336

Summary of significant accounting policies (Details Narrative)						1 Months Ended	7 Months Ended		8 Months Ended		9 Months Ended		10 Months Ended		11 Months Ended		12 Months Ended
	Jun. 21, 2023 Capacity	Apr. 27, 2023 Capacity	Mar. 29, 2023 Capacity	Mar. 06, 2023 Capacity	Feb. 05, 2023 USD ($) Capacity	Dec. 31, 2018 shares	Jul. 27, 2022 Capacity	Jul. 26, 2022 USD ($)	Aug. 31, 2023 Capacity	Sep. 13, 2022 Capacity	Oct. 14, 2022 USD ($) Vessel	Sep. 21, 2022 Capacity	Nov. 09, 2023 USD ($) Capacity	Oct. 16, 2023 USD ($)	Dec. 14, 2022 Capacity	Nov. 17, 2022 Capacity	Dec. 31, 2024 USD ($) Capacity Segment shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Other investments - Book Value																	$ 12,289,000	$ 47,000,000
Allowance for credit losses																	0	0	$ 2,990,000	$ 2,990,000
Scrap value per light weight ton																	$ 340,000	340,000
Vessel year built	2023	2023	2023	2016	2023		2022		2019	2022		2022	2023		2016	2022	2024
Vessel type	Capesize	Capesize	Capesize	Capesize	Kamsarmax		Kamsarmax			Capesize		Capesize			Kamsarmax	Capesize
Vessel capacity in DWT \| Capacity	182,212	182,169	182,115	181,221	82,010		82,003		81,692	182,393		182,079	5,300		84,852	182,064	5,300
Proceeds from Sale of Property, Plant, and Equipment																	$ 190,293,000	259,004,000	284,476,000
Property, Plant and Equipment, Additions					$ 35,605,000								$ 66,733,000
Payments to Acquire Property, Plant, and Equipment														$ 28,127,000
Working capital balances																	$ 318,926,000	249,875,000	782,334,000
Percentage of increase in vessel operating lease																	3.00%
Amortization of deferred dry dock and special survey costs																	$ 63,605,000	43,321,000	28,917,000
Amortization of Debt Issuance Costs and Discounts																	7,841,000	7,188,000	5,349,000
Impairment of Intangible Assets, Finite-Lived																	$ 0	0	0
Number of reportable segment \| Segment																	1
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]																	Chairwoman and Chief Executive Officer [Member]
Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description																	The CODM evaluates performance, including monitoring budget versus actual results, using consolidated net income, which encompasses all expense categories as presented in the Consolidated Statements of Operations.
Description of distribution policy																	As per the partnership agreement, within 45 days following the end of each quarter, to the extent and as may be declared by the Board, an amount equal to 100% of available cash, as defined therein, with respect to such quarter shall be distributed to the partners as of the record date selected by the Board of Directors.
Partners' Capital Account, Distributions																	$ 6,132,000	6,160,000	$ 6,163,000
Operating Leases Deemed Uncollectible [Member]
Property, Plant and Equipment [Line Items]
Write offs of accounts receivable																	$ 0	$ 0
Restricted Stock Units (RSUs) [Member]
Property, Plant and Equipment [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares \| shares																	0	1,001	29,216
Drybulk vessels [Member]
Property, Plant and Equipment [Line Items]
Useful life																	25 years
Containerships [Member]
Property, Plant and Equipment [Line Items]
Useful life																	30 years
Navios Ulysses [member]
Property, Plant and Equipment [Line Items]
Vessel year built											2007
Vessel type											Ultra-Handymax
Vessel capacity in DWT \| Vessel											55,728
Proceeds from Sale of Property, Plant, and Equipment											$ 13,965,000
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Additions								$ 835,000,000
Related Party Transaction, Description of Transaction								The fleet consisted of: (i) 30 vessels (including eight vessels under sale and leaseback and ten vessels under finance leases), (ii) five operating leases and (iii) one vessel that has been classified as held for sale.
Payments to Acquire Property, Plant, and Equipment								$ 370,638,000
Working capital balances								(37,016,000)
Payments to Acquire Businesses, Net of Cash Acquired								9,862,000
Assets, Fair Value Disclosure								$ 217,161,000
Navios Acquisition [Member] \| Restricted Stock Units (RSUs) [Member]
Property, Plant and Equipment [Line Items]
Restricted common units granted \| shares						8,116
Shares conversion rate																	0.1275
First 15 of 36 Vessels [Member] \| Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member]
Property, Plant and Equipment [Line Items]
Date of delivery								July 29, 2022
Remaining 21 of 36 Vessels [Member] \| Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member]
Property, Plant and Equipment [Line Items]
Date of delivery								September 8, 2022
Favorable and Unfavorable Lease Terms [Member]
Property, Plant and Equipment [Line Items]
Alternative Investment, Measurement Input																			0.1132
Time chartering and bareboat chartering [Member]
Property, Plant and Equipment [Line Items]
Operating Lease, Lease Income																	$ 1,207,066,000	$ 1,149,240,000	$ 1,064,642,000
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]																	Time charter and voyage revenues	Time charter and voyage revenues	Time charter and voyage revenues
Voyage contracts [Member]
Property, Plant and Equipment [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax																	$ 91,844,000	$ 107,412,000	$ 69,075,000
Pooling arrangements [Member]
Property, Plant and Equipment [Line Items]
Operating Lease, Lease Income																	35,156,000	50,161,000	74,344,000
Profit sharing [Member]
Property, Plant and Equipment [Line Items]
Operating Lease, Lease Income																	$ 0	$ 76,000	$ 2,467,000
Minimum [Member]
Property, Plant and Equipment [Line Items]
Interval between vessel drydockings / special surveys																	30 months
Minimum [Member] \| Voting Rights [Member]
Property, Plant and Equipment [Line Items]
Voting rights of affiliates																	20.00%
Maximum [Member]
Property, Plant and Equipment [Line Items]
Interval between vessel drydockings / special surveys																	60 months
Maximum [Member] \| Voting Rights [Member]
Property, Plant and Equipment [Line Items]
Voting rights of affiliates																	50.00%

Acquisition of Navios Containers and Navios Acquisition (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Revenues	$ 1,334,066	$ 1,306,889	$ 1,210,528
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	367,308	433,645	579,247
Limited Partner [Member]
Business Acquisition [Line Items]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 359,867	$ 424,974	$ 567,662

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

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-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

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-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

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-Topic 946
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-URI https://asc.fasb.org/1943274/2147479168/946-830-55-11

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 205
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-Paragraph 3
-Subparagraph (a)
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-URI https://asc.fasb.org/1943274/2147478009/946-205-45-3

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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

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Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

- 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).

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+ Details

Leases

12 Months Ended

Dec. 31, 2024

Leases

Leases

NOTE 20 – LEASES

Time charter out contracts and pooling arrangements

The Company's contract revenues from time chartering, bareboat chartering and pooling arrangements are governed by ASC 842.

Operating Leases

In November 2017, Navios Partners agreed to bareboat charter-in, under a ten-year bareboat contract, from an unrelated third party, the Navios Libra, a newbuilding Kamsarmax vessel of 82,011 dwt, delivered on July 24, 2019. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is 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 an operating lease right-of-use asset at an amount equal to the operating liability adjusted for the carrying amount of the straight-line liability. Navios Partners 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 of $2,770 was paid during the year ended December 31, 2017 and the second half of $2,770 was paid during the year ended December 31, 2018. As of December 31, 2024, the total amount of $6,161, including expenses, is presented under the caption “Other long-term assets” in the 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 Kamsarmax 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. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed assessments considering the lease classification criteria under ASC 842 and concluded that the arrangements are operating leases. 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. 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 December 31, 2024, the total amount of $13,040, including expenses, is presented under the caption “Other long-term assets” in the Consolidated Balance Sheets.

Upon acquisition of the majority of outstanding stock of Navios Acquisition, Navios Partners took delivery of two 12-year bareboat charter-in vessels, with de-escalating purchase options, the Baghdad, a 2020-built Japanese VLCC of 313,433 dwt and the Erbil, a 2021-built Japanese VLCC of 313,486 dwt. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is an operating lease. Consequently, the Company has recognized an operating lease liability based on the net present value of the remaining charter-in payments and a right-of-use asset at an amount equal to the operating liability adjusted for the carrying amount of the straight-line liability. As of December 31, 2024, the total amount of $1,775 is presented under the caption “Other long-term assets” in the Consolidated Balance Sheets.

In the first quarter of 2019, Navios Acquisition exercised its option to a 12-year bareboat charter-in agreement with de-escalating purchase options for the Nave Electron, a newbuilding Japanese VLCC of 313,239 dwt. On August 30, 2021, Navios Partners took delivery of the Nave Electron. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed assessments considering the lease classification criteria under ASC 842 and concluded that the arrangements are operating leases. 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. As of December 31, 2024, the total amount of $1,505 is presented under the caption “Other long-term assets” in the Consolidated Balance Sheets.

In the second quarter of 2020, Navios Acquisition exercised its option for the Nave Celeste, a newbuilding Japanese VLCC of 313,418 dwt under a 12-year bareboat charter agreement with de-escalating purchase options. On July 5, 2022, Navios Partners took delivery of the Nave Celeste. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is 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 an operating lease right-of-use asset at an amount equal to the operating liability adjusted for the carrying amount of the straight-line liability. As of December 31, 2024, the total amount of $1,050 is presented under the caption “Other long-term assets” in the Consolidated Balance Sheets.

On July 29, 2022, Navios Partners took delivery of the Navios Venus, a 2015-built Handymax vessel of 61,339 dwt for a remaining two-year charter-in agreement, with de-escalating purchase options. The Company had performed assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement was operating lease. Consequently, the Company had recognized for the vessel 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, increased with the allocated excess value, adjusted for (i) the carrying amount of the straight-line effect of the liability (if any) and (ii) the favorable and unfavorable lease terms derived from the charter-in agreement.

Based on management estimates and market conditions, the lease term of the leases is being assessed at each balance sheet date. At lease commencement, the Company determines a discount rate to calculate the present value of the lease payments so that it can determine lease classification and measure the lease liability. In determining the discount rate to be used at lease commencement, the Company used its incremental borrowing rate as there was no implicit rate included in charter-in contracts that can be readily determinable. The incremental borrowing rate is the rate that reflects the interest a lessee would have to pay to borrow funds on a collateralized basis over a similar term and in a similar economic environment. The Company then applies the respective incremental borrowing rate based on the remaining lease term of the specific lease. Navios Partners’ incremental borrowing rates were approximately 7% for the Navios Libra and the Nave Celeste, 5% for the Navios Amitie and the Navios Star, 6% for the Baghdad and the Erbil, and 4% for the Nave Electron.

As at December 31, 2024 and December 31, 2023 the outstanding balance of the operating lease liability amounted $240,602 and $270,738, respectively, and is presented under the captions “Operating lease liabilities, current portion” and “Operating lease liabilities, net” in the Consolidated Balance Sheets. Right-of-use assets amounted $243,806 and $270,969 as at December 31, 2024 and December 31, 2023, respectively, and are presented under the caption “Operating lease assets” in the Consolidated Balance Sheets.

The Company recognizes the lease payments for its operating leases as charter hire expenses on a straight-line basis over the lease term. Lease expense incurred and paid for the years ended December 31, 2024, 2023 and 2022 amounted to $45,623, $66,733, and $50,972, respectively, and is presented under the caption “Time charter and voyage expenses” in the Consolidated Statements of Operations.

For the years ended December 31, 2024, 2023 and 2022, the sublease income (net of commissions, if any) for vessels where the Company is a lessee amounted to $75,346, $82,642 and $86,580, respectively. Sublease income is presented under the caption “Time charter and voyage revenues” in the Consolidated Statements of Operations.

As of December 31, 2024, the management of the Company has considered various indicators, and concluded that events and circumstances did not trigger the existence of potential impairment of its operating lease assets and that recoverability test was not required. As a result, there was no impairment charge for the year ended December 31, 2024.

As of December 31, 2023, the management of the Company concluded that events occurred and circumstances had changed, which indicated that potential impairment of one of Navios Partners’ operating lease assets might exist. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the Company’s future operations. As a result, a recoverability test of operating lease assets was performed.

During the year ended December 31, 2023, an impairment loss of $2,784, measured based on the fair value of the lease asset (See Note 12 – Fair value of financial instruments), was recognized in connection with the Navios Venus, as her carrying amount was not recoverable and exceeded her undiscounted projected net operating cash flows, as described above, and is presented under the caption “Gain on sale of vessels, net” in the Consolidated Statements of Operations.

As of December 31, 2022, the management of the Company has considered various indicators, and concluded that events and circumstances did not trigger the existence of potential impairment of its operating lease assets and that recoverability test was not required. As a result, there was no impairment charge for the year ended December 31, 2022.

As of December 31, 2024, the weighted average useful life of the remaining operating lease terms was 8.2 years.

The table below provides the total amount of lease payments on an undiscounted basis on the Company’s chartered-in contracts as of December 31, 2024:


Period	Amount
2025	$	38,362
2026		38,251
2027		37,463
2028		36,981
2029		35,756
2030 and thereafter		113,679
Total	$	300,492
Operating lease liabilities, including current portion	$	240,602
Discount based on incremental borrowing rate	$	59,890

Finance Leases

For a detailed description of the finance lease liabilities and right-of-use assets for vessels under finance leases, refer to Note 10 – Borrowings and Note 6 – Vessels, net, respectively.

For the years ended December 31, 2024, 2023 and 2022, the sublease income (net of commissions, if any) for vessels where the Company is a lessee amounted to $87,179, $87,356 and $40,936, respectively. Sublease income is presented under the caption “Time charter and voyage revenues” in the Consolidated Statements of Operations.

As of December 31, 2024 and December 31, 2023, the management of the Company has considered various indicators, and concluded that events and circumstances did not trigger the existence of potential impairment of its finance lease assets and that recoverability test was not required. As a result, there was no impairment charge for each of the years ended December 31, 2024 and December 31, 2023.

As of December 31, 2022, the management concluded that events occurred and circumstances had changed, which indicated that potential impairment of Navios Partners’ finance lease assets might exist. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the Company’s future operations. As a result, a recoverability test of finance lease assets was performed. No impairment loss was recognized as of December 31, 2022.

As of December 31, 2024, the weighted average useful life of the remaining finance lease terms was 10.5 years.

The table below provides the total amount of lease payments and options to acquire vessels on an undiscounted basis under the Company’s finance leases as of December 31, 2024:


Period	Amount
2025	$	36,936
2026		36,535
2027		36,108
2028		35,812
2029		51,727
2030 and thereafter		277,431
Total	$	474,549
Finance lease liabilities, including current portion (see Note 10 – Borrowings)	$	325,784
Discount based on incremental borrowing rate	$	148,765

Bareboat charter-out contract

Subsequently to the bareboat charter-in agreement, the Company entered into bareboat charter-out agreements for a firm charter period of ten years for the Baghdad and the Erbil and an extra optional period of five years, for both vessels, and for a firm period of up to two-years, extended in direct continuation of previous bareboat charter-out agreement for an additional period of five years for the Nave Celeste. The Company performed also an assessment of the lease classification under the ASC 842 and concluded that the agreements are operating leases.

The Company recognizes in relation to the operating leases for the bareboat charter-out agreements the bareboat charter-out hire income in the Consolidated Statements of Operations on a straight-line basis. For the years ended December 31, 2024, 2023 and 2022, the charter hire income (net of commissions, if any) amounted to $33,130, $32,018 and $26,419, respectively, and is presented under the caption “Time charter and voyage revenues” in the Consolidated Statements of Operations.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 15 – 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 April 2022, Navios Partners agreed to purchase four 115,000 dwt Aframax/LR2 newbuilding tanker vessels, from an unrelated third party, for a purchase price of $58,500 each (plus $4,158 per vessel in additional features). On May 13, 2024, August 12, 2024, October 21, 2024 and January 14, 2025, Navios Partners took delivery of the Nave Cosmos, the Nave Polaris, the Nave Photon and the Nave Neutrino, respectively. Navios Partners agreed to pay in total $23,400 plus extras in four installments for each vessel and the remaining amount of $35,100 plus extras for each vessel will be paid upon delivery of each vessel. During the year ended December 31, 2022, the first installment of each vessel of $6,266, or $25,063 accumulated for the four vessels was paid. During the year ended December 31, 2023, the aggregate amount of $31,329 in relation to the second installment for the four vessels and the third installment for one of the vessels was paid. During the year ended December 31, 2024, the aggregate amount of $156,645 in relation to the third installment for the other three vessels, the fourth installment for the four vessels and the last installment for three of the vessels was paid. As of December 31, 2024, the total amount of $25,063 is presented under the caption “Deposits for vessels acquisitions” in the Consolidated Balance Sheets.

In June 2022, Navios Partners agreed to purchase two liquefied natural gas (LNG) dual fuel 7,700 TEU newbuilding containerships, from an unrelated third party, for an amended purchase price of $115,510 each (original price of $120,610 each). On January 20, 2025 and February 17, 2025, Navios Partners took delivery of the HMM Ocean and HMM Sky, respectively. Navios Partners agreed to pay in total $92,408 in four installments for each vessel and the remaining amount of $23,102 for each vessel will be paid upon delivery of the vessel. During the year ended December 31, 2022, the first installment of each vessel of $23,102, or $46,204 accumulated for the two vessels, was paid. During the year ended December 31, 2023, the aggregate amount of $103,959 in relation to the second and third installment for the two vessels, was paid. During the year ended December 31, 2024, the aggregate amount of $34,653 in relation to the fourth installment for the two vessels was paid. As of December 31, 2024, the total amount of $184,816 is presented under the caption “Deposits for vessels acquisitions” in the Consolidated Balance Sheets.

In November 2022, Navios Partners agreed to acquire two 115,000 dwt Aframax/LR2 newbuilding tanker vessels, from an unrelated third party, for a purchase price of $60,500 each (plus $4,158 per vessel in additional features). The vessels are expected to be delivered into Navios Partners’ fleet during the first half of 2025. Navios Partners agreed to pay in total $24,200, plus extras in four installments for each vessel and the remaining amount of $36,300 plus extras for each vessel will be paid upon delivery of each vessel. During the year ended December 31, 2023, the aggregate amount of $12,100 in relation to the first installment for the two vessels, was paid. During the year ended December 31, 2024, the aggregate amount of $30,250 in relation to the second installment for the two vessels, the third installment for the two vessels and the fourth installment for one of the vessels, was paid. As of December 31, 2024, the total amount of $42,350 is presented under the caption “Deposits for vessels acquisitions” in the Consolidated Balance Sheets.

In December 2022, Navios Partners agreed to acquire two newbuilding Japanese MR2 Product Tanker vessels, from an unrelated third party, under bareboat contracts. Each vessel is being bareboat-in for ten years. Navios Partners has the option to acquire the vessels starting at the end of year four until the end of the charter period. Navios Partners agreed to pay in total $18,000, representing a deposit for the option to acquire the vessels after the end of the fourth year. The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2025 and the first half of 2026. During the year ended December 31, 2023, the aggregate amount of $9,000 in relation to the deposit for the option to acquire the two vessels, was paid. As of December 31, 2024, the total amount of $11,810, including capitalized expenses, is presented under the caption “Other long-term assets” in the Consolidated Balance Sheets.

During the second quarter of 2023, Navios Partners agreed to acquire two newbuilding Japanese MR2 Product Tanker vessels, from an unrelated third party, under bareboat contracts. Each vessel is being bareboat-in for ten years. Navios Partners has the option to acquire the vessels starting at the end of year four until the end of the charter period. Navios Partners agreed to pay in total $18,000, representing a deposit for the option to acquire the vessels after the end of the fourth year. The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2026. During the year ended December 31, 2023, the aggregate amount of $9,000 in relation to the deposit for the option to acquire the two vessels, was paid. As of December 31, 2024, the total amount of $11,650, including capitalized expenses, is presented under the caption “Other long-term assets” in the Consolidated Balance Sheets.

In August 2023, Navios Partners agreed to acquire two newbuilding Japanese MR2 Product Tanker vessels, from an unrelated third party, under bareboat contracts. Each vessel is being bareboat-in for ten years. Navios Partners has the option to acquire the vessels starting at the end of year four until the end of the charter period. Navios Partners agreed to pay in total $20,000, representing a deposit for the option to acquire the vessels after the end of the fourth year. The vessels are expected to be delivered into Navios Partners’ fleet during the first half of 2027. During the year ended December 31, 2023, the aggregate amount of

$10,000 in relation to the deposit for the option to acquire the two vessels, was paid. As of December 31, 2024, the total amount of $12,739, including capitalized expenses, is presented under the caption “Other long-term assets” in the Consolidated Balance Sheets.

During the third quarter of 2023, Navios Partners agreed to acquire four 115,000 dwt Aframax/LR2 newbuilding scrubber-fitted tanker vessels, from an unrelated third party, for a purchase price of $61,250 each (plus $3,300 per vessel in additional features). The vessels are expected to be delivered into Navios Partners’ fleet during 2026. Navios Partners agreed to pay in total $27,562, plus extras in four installments for each vessel and the remaining amount of $33,688 plus extras for each vessel will be paid upon delivery of each vessel. During the year ended December 31, 2024, the aggregate amount of $55,125 in relation to the first installment for the four vessels and the second installment for three of the vessels, was paid. As of December 31, 2024, the total amount of $55,125 is presented under the caption “Deposits for vessels acquisitions” in the Consolidated Balance Sheets.

During the first quarter of 2024, Navios Partners agreed to acquire two 115,000 dwt Aframax/LR2 newbuilding scrubber-fitted tanker vessels from an unrelated third party, for a purchase price of $61,250 each (plus $3,300 per vessel in additional features). The vessels are expected to be delivered into Navios Partners’ fleet during 2027. Navios Partners agreed to pay in total $27,562, plus extras in four installments for each vessel and the remaining amount of $33,688 plus extras for each vessel will be paid upon delivery of each vessel. During the year ended December 31, 2024, the aggregate amount of $18,375 in relation to the first installment for the two vessels was paid. As of December 31, 2024, the total amount of $18,375 is presented under the caption “Deposits for vessels acquisitions” in the Consolidated Balance Sheets.

During the second quarter of 2024, Navios Partners agreed to acquire two 7,900 TEU newbuilding methanol-ready and scrubber-fitted containerships from an unrelated third party, for a purchase price of $102,750 each (plus $3,250 per vessel in additional features). The vessels are expected to be delivered into Navios Partners’ fleet during 2026. Navios Partners agreed to pay in total $82,200, plus extras in four installments for each vessel and the remaining amount of $20,550 plus extras for each vessel will be paid upon delivery of each vessel.

During the second quarter of 2024, Navios Partners agreed to acquire four 115,000 dwt Aframax/LR2 newbuilding scrubber-fitted tanker vessels from an unrelated third party, for a purchase price of $62,250 (plus $3,300 per vessel in additional features) for each of the first two vessels and a purchase price of $63,000 (plus $3,300 per vessel in additional features) for each of the other two vessels. The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2027 and the first half of 2028. For the first two vessels, Navios Partners agreed to pay in total $34,238, plus extras in four installments for each vessel and the remaining amount of $28,012, plus extras for each vessel will be paid upon delivery of each vessel. For the other two vessels, Navios Partners agreed to pay in total $34,650, plus extras in four installments for each vessel and the remaining amount of $28,350, plus extras for each vessel will be paid upon delivery of each vessel. During the year ended December 31, 2024, the aggregate amount of $62,625 in relation to the first installment for each of the vessels was paid. As of December 31, 2024, the total amount of $62,625 is presented under the caption “Deposits for vessels acquisitions” in the Consolidated Balance Sheets.

During the third quarter of 2024, Navios Partners agreed to acquire two 7,900 TEU newbuilding methanol-ready and scrubber-fitted containerships from an unrelated third party, for a purchase price of $102,750 each (plus $3,250 per vessel in additional features). The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2026 and the first half of 2027. Navios Partners agreed to pay in total $82,200, plus extras in four installments for each vessel and the remaining amount of $20,550, plus extras for each vessel will be paid upon delivery of each vessel.

As of December 31, 2024, an amount of $56,543 related to capitalized costs is presented under the caption “Deposits for vessels acquisitions” in the Consolidated Balance Sheets.

As of December 31, 2024, the Company’s future minimum lease commitments under the Company’s bareboat-in contracts for undelivered vessels, are as follows:


Period	Amount
2025	$	1,025
2026		6,932
2027		17,574
2028		18,666
2029		18,615
2030 and thereafter		123,483
Total	$	186,295

Intangible Assets And Liabilities - Intangible Liabilities, Unfavorable Lease (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cost [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 231,407	$ 231,407	$ 231,019
Additions/ (Amortization)	0	0	388
Ending balance	231,407	231,407	231,407
Accumulated Depreciation [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	(203,423)	(183,501)	(108,538)
Additions/ (Amortization)	(12,718)	(19,922)	(74,963)
Ending balance	(216,141)	(203,423)	(183,501)
Net Book Value [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	27,984	47,906	122,481
Additions/ (Amortization)	(12,718)	(19,922)	(74,575)
Ending balance	$ 15,266	$ 27,984	$ 47,906

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common units outstanding	29,694,433	30,184,388
General Partners, units outstanding	622,296	622,296

Repurchases and Issuance of Units (Details Narrative)			1 Months Ended			12 Months Ended
Repurchases and Issuance of Units (Details Narrative)	Mar. 20, 2025 USD ($) shares	Dec. 24, 2018 USD ($) shares	Dec. 31, 2019 shares	Feb. 28, 2019 USD ($) shares	Dec. 31, 2018 shares	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Jul. 31, 2022 USD ($)
Common units repurchased, value \| $						$ 25,000,000
Compensation expense from restricted common units \| $						$ 0	$ 4,000	$ 154,000
Restricted common units outstanding						0	0
Common stock, voting rights						Common unitholders have limited voting rights and the Company’s partnership agreement restricts the voting rights of common unitholders owning more than 4.9% of the Company’s common units.
Upon Merger with Navios Acquisition [Member]
Percentage of voting rights of common unitholders						4.90%
Restricted Stock Units (RSUs) [Member]
Restricted common units, forfeited or expired								12,699,000
Units cancelled								259,000
Restricted Stock Units (RSUs) [Member] \| Authorized December 2019 [Member]
Restricted common units, exercised						0	0	0
Restricted common units, forfeited or expired						0	0	0
Restricted Stock Units (RSUs) [Member] \| Authorized February 2019 [Member]
Restricted common units, exercised						0	0
Restricted common units, forfeited or expired						0	0
Restricted Stock Units (RSUs) [Member] \| Authorized December 2018 [Member]
Restricted common units, exercised						0	0	0
Restricted common units, forfeited or expired						0	0	0
Restricted Stock Units (RSUs) [Member] \| Upon Merger with Navios Acquisition [Member] \| Share-based awards, 2018 [Member]
Restricted common units, exercised						0	0	0
Restricted common units, forfeited or expired						0	0	0
Directors and officers \| Restricted Stock Units (RSUs) [Member] \| Authorized December 2019 [Member]
Restricted common units granted			4,000,000
Common units, issuance date			Dec. 18, 2019
Common units, vesting period			4 years
Compensation expense from restricted common units \| $						$ 0	$ 4,000	$ 10,000
Directors and officers \| Restricted Stock Units (RSUs) [Member] \| Authorized February 2019 [Member]
Restricted common units granted				25,396,000
Common units, issuance date				Feb. 01, 2019
Common units, vesting period				4 years
Compensation expense from restricted common units \| $						0	0	23,000
Directors and officers \| Restricted Stock Units (RSUs) [Member] \| Authorized December 2018 [Member]
Restricted common units granted		97,633,000
Common units, issuance date		Dec. 24, 2018
Common units, vesting period		4 years
Compensation expense from restricted common units \| $						0	0	79,000
Directors and officers \| Restricted Stock [Member] \| Upon Merger with Navios Acquisition [Member] \| Share-based awards, 2018 [Member]
Restricted common units granted					129,269,000
Common units, vesting period					4 years
Compensation expense from restricted common units \| $						$ 0	$ 0	$ 42,000
Restricted common units outstanding						8,116,000
Shares conversion rate						0.1275
General Partner [Member] \| Authorized February 2019 [Member]
Partners' capital account, unit-based payment arrangement, number of units				518,000
Proceeds from Partnership Contribution \| $				$ 8,000
General Partner [Member] \| Authorized December 2018 [Member]
Partners' capital account, unit-based payment arrangement, number of units		1,993,000
Proceeds from Partnership Contribution \| $		$ 27,000
Common Unit Repurchase Program [Member] \| Limited Partner [Member]
Common units repurchased, units						489,955,000
Common units repurchased, value \| $						$ 25,000,000
Common Unit Repurchase Program [Member] \| Limited Partner [Member] \| March, 2025
Common units repurchased, units	696,945,000
Common units repurchased, value \| $	$ 33,825,000
Common Unit Repurchase Program [Member] \| Maximum [Member]
Stock repurchase program, authorized amount \| $									$ 100,000,000

Prepaid expenses and other current assets

12 Months Ended

Dec. 31, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid expenses and other current assets

NOTE 5 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:


	December 31, 2024		December 31, 2023
Prepaid voyage costs	$	5,574	$	7,350
Inventories		32,793		37,566
Claims receivable		5,719		8,507
Other		16,808		7,913
Total prepaid expenses and other current assets	$	60,894	$	61,336

Inventories are comprised of bunkers, lubricants and stores remaining on board as of December 31, 2024 and 2023.

Claims receivable mainly represent claims against vessels' insurance underwriters in respect of damages arising from accidents or other insured risks, as well as claims under charter contracts.

Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Credit facilities	$ 1,096,178	$ 908,288
Financial liabilities	731,206	502,275
Finance lease liabilities	325,784	468,414
Total borrowings	2,153,168	1,878,977
Less: Current portion of long-term borrowings, net	(266,222)	(285,036)
Less: Deferred finance costs, net	(24,231)	(17,514)
Long-term borrowings, net	$ 1,862,715	$ 1,576,427

- 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

Future Minimum Contractual Revenue

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Future Minimum Contractual Revenue

NOTE 16 – FUTURE MINIMUM CONTRACTUAL REVENUE

As of December 31, 2024, the Company’s future minimum non-cancellable contractual lease income (charter-out rates, net of commissions and commercial management fee and assuming no off-hires days), excluding contracted revenue from vessels under construction and vessels operated under index-linked contracts, is as follows:


Period	Amount
2025	$	768,697
2026		515,166
2027		340,070
2028		247,171
2029		136,906
2030 and thereafter		29,843
Total	$	2,037,853

Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases

Leases - Operating Leases


Period	Amount
2025	$	38,362
2026		38,251
2027		37,463
2028		36,981
2029		35,756
2030 and thereafter		113,679
Total	$	300,492
Operating lease liabilities, including current portion	$	240,602
Discount based on incremental borrowing rate	$	59,890

Leases - Finance Leases


Period	Amount
2025	$	36,936
2026		36,535
2027		36,108
2028		35,812
2029		51,727
2030 and thereafter		277,431
Total	$	474,549
Finance lease liabilities, including current portion (see Note 10 – Borrowings)	$	325,784
Discount based on incremental borrowing rate	$	148,765

CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($) $ in Thousands	Total	General Partner [Member]	Limited Partner [Member]
Beginning balance, value at Dec. 31, 2021	$ 1,769,725	$ 26,008	$ 1,743,717
Beginning balance, units at Dec. 31, 2021		622,555	30,197,087
Cash distribution paid ($0.20 per unit—see Note 18)	(6,163)	$ (124)	$ (6,039)
Units cancelled/ forfeited (see Note 13), units		(259)	(12,699)
Stock-based compensation (see Note 13)	154		$ 154
Net income	579,247	$ 11,585	567,662
Ending balance, value at Dec. 31, 2022	2,342,963	$ 37,469	$ 2,305,494
Ending balance, units at Dec. 31, 2022		622,296	30,184,388
Cash distribution paid ($0.20 per unit—see Note 18)	(6,160)	$ (124)	$ (6,036)
Stock-based compensation (see Note 13)	4		4
Net income	433,645	8,671	424,974
Ending balance, value at Dec. 31, 2023	2,770,452	$ 46,016	$ 2,724,436
Ending balance, units at Dec. 31, 2023		622,296	30,184,388
Cash distribution paid ($0.20 per unit—see Note 18)	(6,132)	$ (124)	$ (6,008)
Acquisition of treasury units (see Note 13), units			(489,955)
Acquisition of treasury units (see Note 13)	(25,000)		$ (25,000)
Net income	367,308	7,441	359,867
Ending balance, value at Dec. 31, 2024	$ 3,106,628	$ 53,333	$ 3,053,295
Ending balance, units at Dec. 31, 2024		622,296	29,694,433

- Definition

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

+ References

+ Details

Vessels, Net

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Vessels, Net

NOTE 6 – VESSELS, NET


Total Vessels	Cost			Accumulated Depreciation			Net Book Value
Balance December 31, 2021	$	3,220,627		$	(368,057	)	$	2,852,570
Additions/ (Depreciation)		1,202,206			(163,941	)		1,038,265
Disposals		(130,683	)		17,177			(113,506	)
Balance December 31, 2022	$	4,292,150		$	(514,821	)	$	3,777,329
Additions/ (Depreciation)		432,773			(199,135	)		233,638
Disposals		(301,462	)		25,166			(276,296	)
Balance December 31, 2023	$	4,423,461		$	(688,790	)	$	3,734,671
Additions/ Remeasurement of finance lease liability/ (Depreciation)		1,065,949			(209,950	)		855,999
Disposals/ Impairment/ Transfers to owned vessels		(438,644	)		89,266			(349,378	)
Balance December 31, 2024	$	5,050,766		$	(809,474	)	$	4,241,292

The above balances as of December 31, 2024 are analyzed in the following tables:


Owned Vessels	Cost			Accumulated Depreciation			Net Book Value
Balance December 31, 2023	$	3,782,032		$	(656,531	)	$	3,125,501
Additions/ (Depreciation)		1,040,523			(188,059	)		852,464
Disposals/ Impairment		(228,261	)		69,112			(159,149	)
Balance December 31, 2024	$	4,594,294		$	(775,478	)	$	3,818,816


Right-of-use assets under finance lease	Cost			Accumulated Depreciation			Net Book Value
Balance December 31, 2023	$	641,429		$	(32,259	)	$	609,170
Remeasurement of finance lease liability/ (Depreciation)		25,426			(21,891	)		3,535
Transfers to owned vessels		(210,383	)		20,154			(190,229	)
Balance December 31, 2024	$	456,472		$	(33,996	)	$	422,476

During the years ended December 31, 2024, 2023 and 2022, the Company capitalized certain extraordinary fees and costs related to vessels' regulatory requirements, including ballast water treatment system installation, exhaust gas cleaning system installation and other improvements that amounted to $32,013, $58,766 and $18,901, respectively, and are presented under the caption “Acquisition of/ additions to vessels” in the Consolidated Statements of Cash Flows (see Note 17 – Transactions with related parties and affiliates).

Acquisition of Vessels

2024

During the year ended December 31, 2024, Navios Partners took delivery of 12 2024-built vessels (nine 5,300 TEU Containerships and three Aframax/LR2 tanker vessels), from various unrelated third parties, for an aggregate acquisition cost of $816,167 (including $68,893 capitalized expenses).

During the year ended December 31, 2024, Navios Partners paid an aggregate amount of $117,825 (including $1,166 capitalized expenses) to acquire from various unrelated third parties four Kamsarmax vessels, which were previously accounted for as right-of-use assets under finance leases. The Company derecognized the right-of-use assets under the finance leases and recognized the vessels at an aggregate cost of $164,398.

In June 2024, Navios Partners agreed to acquire from an unrelated third party the Navios Venus, a 2015-built Ultra-Handymax vessel of 61,339 dwt, which was previously chartered-in and accounted for as a right-of-use asset under operating lease. In accordance with the provisions of ASC 842, the Company accounted the transaction as a lease modification and upon reassessment of the lease classification, the Company has classified the above transaction as a finance lease, as of the effective date of the modification. Following the reassessment performed, the Company recognized a right-of-use asset at $27,463, being an amount equal to the finance lease liability (see Note 10 – Borrowings). On December 27, 2024, Navios Partners acquired from an unrelated third party, the Navios Venus, for an acquisition cost of $26,683 (including $1,333 capitalized expenses), which was previously accounted for as a right-of-use asset under a finance lease. On the same date, the Company derecognized the right-of-use asset under finance lease and recognized the vessel at an aggregate cost of $27,954.

2023

On November 9, 2023, Navios Partners took delivery of a 2023-built 5,300 TEU Containership, from an unrelated third party, for an acquisition cost of $66,733.

In August 2023, Navios Partners agreed to acquire from an unrelated third party a 2019-built Kamsarmax vessel of 81,692 dwt, which was previously chartered-in and accounted for as a right-of-use asset under operating lease. In accordance with the provisions of ASC 842, the Company accounted the transaction as a lease modification and upon reassessment of the classification of the lease, the Company has classified the above transaction as finance lease, as of the effective date of the modification. Following the reassessment performed, the Company recognized a right-of-use asset at $27,561, being an amount equal to the finance lease liability (see Note 10 – Borrowings). On October 16, 2023, Navios Partners acquired from an unrelated third party, the Navios Horizon I, for an acquisition cost of $28,127, which was previously accounted for as a right-of-use asset under a finance lease. At the same date, the Company derecognized the right-of-use asset under finance lease and recognized the vessel at an aggregate cost of $27,555.

On June 21, 2023, Navios Partners took delivery of a 2023-built Capesize vessel of 182,212 dwt, from an unrelated third party, by entering into a 15-year bareboat charter-in agreement, which provides for purchase options with de-escalating purchase prices. Navios Partners accounted for the bareboat charter-in agreement as a finance lease, and recognized a right-of-use asset at $64,600, being an amount equal to the initial measurement of the finance lease liability, including capitalized expenses, (see Note 10 - Borrowings), increased by the amount of $2,574, which was prepaid before the lease commencement.

On April 27, 2023, Navios Partners took delivery of a 2023-built Capesize vessel of 182,169 dwt , from an unrelated third party by entering into a 15-year bareboat charter-in agreement, which provides for purchase options with de-escalating purchase prices. Navios Partners accounted for the bareboat charter-in agreement as a finance lease, and recognized a right-of-use asset at $50,890, being an amount equal to the initial measurement of the finance lease liability, including capitalized expenses, (see Note 10- Borrowings), increased by the amount of $2,579, which was prepaid before the lease commencement.

On March 29, 2023, Navios Partners took delivery of a 2023-built Capesize vessel of 182,115 dwt, from an unrelated third party, by entering into a 15-year bareboat charter-in agreement, which provides for purchase options with de-escalating purchase prices. Navios Partners accounted for the bareboat charter-in agreement, as a finance lease, and recognized a right-of-use asset at $46,146 being an amount equal to the initial measurement of the finance lease liability, including capitalized expenses, (see Note 10– Borrowings), increased by the amount of $3,028, which was prepaid before the lease commencement.

On March 6, 2023, Navios Partners paid an amount of $42,879 (including $1,600 related to the scrubber system installation) and acquired from an unrelated third party, a 2016-built scrubber-fitted Capesize vessel of 181,221 dwt, which was previously accounted for as a right-of-use asset under a finance lease. At the same date, the Company derecognized the right-of-use asset under finance lease and recognized the vessel at an aggregate cost of $53,232.

On February 5, 2023, Navios Partners took delivery of a 2023-built Kamsarmax vessel of 82,010 dwt, from an unrelated third party, for an acquisition cost of $35,605 (including $1,305 capitalized expenses).

2022

On December 14, 2022, Navios Partners took delivery of a 2016-built Kamsarmax vessel of 84,852 dwt, from an unrelated third party, for an acquisition cost of $27,493 (including $243 capitalized expenses).

On November 17, 2022, Navios Partners took delivery of a 2022-built Capesize vessel of 182,064 dwt, from an unrelated third party, by entering into a 15-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. Navios Partners accounted for the vessel as finance lease for an acquisition cost of $44,753, including capitalized expenses, and recorded a right-of-use asset at an amount equal to the finance lease liability (see Note 10 – Borrowings), increased by initial direct costs adjusted for the carrying amount of the straight-line effect of the liability.

On September 21, 2022, Navios Partners took delivery of a 2022-built Capesize vessel of 182,079 dwt, from an unrelated third party, by entering into a 15-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. Navios Partners accounted for the vessel as finance lease for an acquisition cost of $44,254, including capitalized expenses, and recorded a right-of-use asset at an amount equal to the finance lease liability (see Note 10 – Borrowings), increased by initial direct costs adjusted for the carrying amount of the straight-line effect of the liability.

On September 13, 2022, Navios Partners took delivery of a 2022-built Capesize vessel of 182,393 dwt, from an unrelated third party, by entering into a ten-year bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. Navios Partners declared its option to purchase the vessel at the end of the tenth year of the bareboat charter-in agreement, preserving the right to exercise the purchase option earlier during the option period. Navios Partners accounted for the vessel as finance lease for an acquisition cost of $55,804, including capitalized expenses, and recorded a

right-of-use asset at an amount equal to the finance lease liability (see Note 10 – Borrowings), increased by initial direct costs adjusted for the carrying amount of the straight-line effect of the liability.

On July 27, 2022, Navios Partners took delivery of a 2022-built Kamsarmax vessel of 82,003 dwt, from an unrelated third party, for an acquisition cost of $32,566 (including $986 capitalized expenses).

As of December 31, 2022, the Company’s capitalized expenses and deposits for the option to acquire vessels amounted to $16,745 that related to the acquisition of the three vessels.

Following the acquisition of 36-vessel drybulk fleet from Navios Holdings, on July 29, 2022, the Company took delivery of ten vessels accounted for as finance leases for an acquisition cost of $389,436 and recorded a right-of-use asset at an amount equal to the finance lease liability (see Note 10 – Borrowings), increased with the allocated excess value and adjusted for the carrying amount of the straight-line effect of the liability as well as the favorable and unfavorable lease terms derived from charter-in agreements. On September 8, 2022, the Company took delivery of 20 vessels held and used, accounted for as owned, for an acquisition cost of $588,939 (see Note 2(l) – Summary of significant accounting policies).

Sale of Vessels

2024

During the year ended December 31, 2024, Navios Partners sold ten vessels to various unrelated third parties for an aggregate net sales price of $190,293. Following the sale of such vessels, the aggregate amount of $42,859 (including the remaining carrying balance of drydock and special survey cost of $5,275) is presented under the caption “Gain on sale of vessels, net” in the Consolidated Statements of Operations and the Consolidated Statements of Cash Flows.

2023

During the year ended December 31, 2023, Navios Partners sold 15 vessels to various unrelated third parties for an aggregate net sales price of $259,004. Following the sale of such vessels, the aggregate amount of $53,032 (including the aggregate remaining carrying balance of dry-dock and special survey cost of $12,033) is presented under the caption “Gain on sale of vessels, net” in the Consolidated Statements of Operations.

2022

During the year ended December 31, 2022, Navios Partners sold six vessels (excluding one vessel classified as held for sale) to various unrelated third parties for an aggregate net sales price of $270,511. The aggregate net carrying amount of the vessels, including the remaining carrying balance of dry-dock and special survey cost of $7,653, amounted to $113,246 as of the date of the sales.

Vessels “agreed to be sold”

2022

During the year ended December 31, 2022, Navios Partners agreed to sell seven vessels to various unrelated third parties for an aggregate sales price of $107,250. Following the sale of the above-mentioned six vessels and the sales agreed to during the year ended December 31, 2022, the aggregate amount of $149,352, including an impairment loss of $7,913 in connection with the committed sales of four vessels, was presented under the caption “Gain on sale of vessels, net” in the Consolidated Statements of Operations.

Vessels impairment loss

2024

As at December 31, 2024, Navios Partners assessed whether impairment indicators for any of its long-lived assets existed and concluded that events occurred and circumstances had changed, which indicated that potential impairment of certain of Navios Partners’ long-lived assets might exist and a recoverability test of certain of long-lived assets was performed. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the Company’s future operations.

As at June 30, 2024, Navios Partners assessed whether impairment indicators for any of its long-lived assets existed and concluded that such indicators were present for certain of its dry bulk vessels, mainly due to Company’s intention to sell these

vessels.

During the year ended December 31, 2024, the undiscounted projected net operating cash flows for four vessels did not exceed the carrying value of each asset group and an impairment loss was recognized and calculated as the difference between the fair value of the vessel (see Note 12 – Fair value of financial instruments) and the carrying value of the asset group. As a result, an impairment loss of $17,099 was recognized and is presented under the caption “Gain on sale of vessels, net” in the Consolidated Statements of Operations for the year ended December 31, 2024.

2023

As of December 31, 2023, the Company concluded that events occurred and circumstances had changed, which indicated that potential impairment of certain of Navios Partners’ long-lived assets might exist and a recoverability test of certain of long-lived assets was performed. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the Company’s future operations. As of December 31, 2023, the Company’s recoverability test concluded that no impairment loss was identified and recognized, as the undiscounted projected net operating cash flows of each asset group exceeded the carrying value.

2022

As of December 31, 2022, the Company concluded that events occurred and circumstances had changed, which indicated that potential impairment of certain of Navios Partners' long-lived assets might exist. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the Company’s future operations. As a result, a recoverability test of certain of long-lived assets was performed. During the year ended December 31, 2022, an impairment loss of $7,913, which was presented under the caption “Gain on sale of vessels, net” in the Consolidated Statements of Operations, was recognized in connection with the committed sales of four vessels in January and February 2023, as the carrying amount of each asset group was not recoverable and exceeded its fair value less costs to sell.

Leases (Details Narrative)						1 Months Ended	3 Months Ended	6 Months Ended	7 Months Ended		8 Months Ended		9 Months Ended	10 Months Ended		11 Months Ended			12 Months Ended
Leases (Details Narrative)	Jun. 21, 2023 Capacity	Apr. 27, 2023 Capacity	Mar. 29, 2023 Capacity	Mar. 06, 2023 Capacity	Feb. 05, 2023 Capacity	Jun. 30, 2024 Capacity	Mar. 31, 2019 Capacity	Jun. 30, 2020 Capacity	Jul. 29, 2022 Capacity	Jul. 27, 2022 Capacity	Aug. 31, 2023 Capacity	Sep. 13, 2022 Capacity	Sep. 21, 2022 Capacity	Nov. 09, 2023 Capacity	Oct. 18, 2019 USD ($) Capacity	Dec. 14, 2022 Capacity	Nov. 17, 2022 Capacity	Nov. 30, 2017 USD ($) Capacity	Dec. 31, 2024 USD ($) Capacity	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 10, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Related Party Transaction [Line Items]
Vessel type	Capesize	Capesize	Capesize	Capesize	Kamsarmax					Kamsarmax		Capesize	Capesize			Kamsarmax	Capesize
Vessel capacity in DWT \| Capacity	182,212	182,169	182,115	181,221	82,010					82,003	81,692	182,393	182,079	5,300		84,852	182,064		5,300
Other Assets, Noncurrent																			$ 61,749,000	$ 62,111,000
Vessel year built	2023	2023	2023	2016	2023					2022	2019	2022	2022	2023		2016	2022		2024
Operating Lease, Right-of-Use Asset																			$ 243,806,000	270,969,000
Asset Impairment Charges																				0	$ 7,913
Revenues																			1,334,066,000	1,306,889,000	1,210,528,000
Operating Leases [Member]
Related Party Transaction [Line Items]
Operating Lease, Liability																			240,602,000	270,738,000
Operating Lease, Right-of-Use Asset																			243,806,000	270,969,000
Time charter and voyage revenues																			45,623,000	66,733,000	50,972,000
Sublease Income																			75,346,000	82,642,000	86,580,000
Asset Impairment Charges																			$ 0		0
Lessee, Operating Lease, Remaining Lease Term																			8 years 2 months 12 days
Finance Leases [Member]
Related Party Transaction [Line Items]
Sublease Income																			$ 87,179,000	87,356,000	40,936,000
Asset Impairment Charges																			$ 0	0	0
Lessee, Finance Lease, Remaining Lease Term																			10 years 6 months
Navios Venus [Member]
Related Party Transaction [Line Items]
Vessel type						Ultra-Handymax
Vessel capacity in DWT \| Capacity						61,339
Vessel year built						2015
Navios Venus [Member] \| Operating Leases [Member]
Related Party Transaction [Line Items]
Asset Impairment Charges																				2,784,000
Bareboat charter-in contract [Member] \| Navios Libra [member]
Related Party Transaction [Line Items]
Vessel type																		Kamsarmax
Vessel capacity in DWT \| Capacity																		82,011
Increase (Decrease) in Deposits Outstanding																		$ 5,540,000
Advances for vessel acquisitions																									$ 2,770,000	$ 2,770,000
Other Assets, Noncurrent																			$ 6,161,000
Bareboat charter-in contract [Member] \| Navios Amitie and Navios Star [member]
Related Party Transaction [Line Items]
Vessel type															Kamsarmax
Increase (Decrease) in Deposits Outstanding															$ 12,328,000
Advances for vessel acquisitions																						$ 860,000	$ 10,034,000	$ 1,434,000
Other Assets, Noncurrent																			$ 13,040,000
Bareboat charter-in contract [Member] \| Navios Amitie [member]
Related Party Transaction [Line Items]
Vessel capacity in DWT \| Capacity															82,002
Date of delivery															May 28, 2021
Bareboat charter-in contract [Member] \| Navios Star [member]
Related Party Transaction [Line Items]
Vessel capacity in DWT \| Capacity															81,994
Date of delivery															June 10, 2021
Bareboat charter-in contract [Member] \| Baghdad and Erbil [Member]
Related Party Transaction [Line Items]
Incremental borrowing rates																			6.00%
Bareboat charter-in contract [Member] \| Baghdad and Erbil [Member] \| Navios Acquisition [Member]
Related Party Transaction [Line Items]
Other Assets, Noncurrent																			$ 1,775,000
Lessee, Operating Lease, Description																			12-year
Bareboat charter-in contract [Member] \| Baghdad [Member] \| Navios Acquisition [Member]
Related Party Transaction [Line Items]
Vessel type																			VLCC
Vessel capacity in DWT \| Capacity																			313,433
Vessel year built																			2020
Bareboat charter-in contract [Member] \| Erbil [Member] \| Navios Acquisition [Member]
Related Party Transaction [Line Items]
Vessel type																			VLCC
Vessel capacity in DWT \| Capacity																			313,486
Vessel year built																			2021
Bareboat charter-in contract [Member] \| Nave Electron [member]
Related Party Transaction [Line Items]
Vessel type							VLCC
Vessel capacity in DWT \| Capacity							313,239
Other Assets, Noncurrent																			$ 1,505,000
Date of delivery							August 30, 2021
Bareboat charter-in contract [Member] \| Nave Celeste [member]
Related Party Transaction [Line Items]
Vessel type								VLCC
Vessel capacity in DWT \| Capacity								313,418
Other Assets, Noncurrent																			$ 1,050,000
Date of delivery								July 5, 2022
Lessee, Operating Lease, Description								12-year
Bareboat charter-in contract [Member] \| Navios Venus [Member]
Related Party Transaction [Line Items]
Vessel type									Handymax
Vessel capacity in DWT \| Capacity									61,339
Lessee, Operating Lease, Description									two-year
Vessel year built									2015
Bareboat charter-in contract [Member] \| Navios Libra and Navios Celeste [Member]
Related Party Transaction [Line Items]
Incremental borrowing rates																			7.00%
Bareboat charter-in contract [Member] \| Navios Amitie and Navios Star [Member]
Related Party Transaction [Line Items]
Incremental borrowing rates																			5.00%
Bareboat charter-in contract [Member] \| Nave Electron [Member]
Related Party Transaction [Line Items]
Incremental borrowing rates																			4.00%
Bareboat Charter Out Contract [Member]
Related Party Transaction [Line Items]
Revenues																			$ 33,130,000	$ 32,018,000	$ 26,419,000
Bareboat Charter Out Contract [Member] \| Baghdad Erbil Celeste [Member]
Related Party Transaction [Line Items]
Lessor, Operating Lease, Description																			bareboat charter-out agreements for a firm charter period of ten years for the Baghdad and the Erbil and an extra optional period of five years, for both vessels, and for a firm period of up to two-years, extended in direct continuation of previous bareboat charter-out agreement for an additional period of five years for the Nave Celeste.

Cash Distributions and Earnings per Unit - Distributions for all quarters (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			2 Months Ended	3 Months Ended													4 Months Ended			7 Months Ended			10 Months Ended
	Jan. 31, 2025	Jan. 31, 2023	Jan. 31, 2022	Feb. 29, 2024	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2022
Cash Distribution And Earnings Per Unit
Authorized Quarterly Cash Distribution for three months ended	Dec. 31, 2024	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2023														Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Date of record of Common and General Partnership unit Unitholders	Feb. 10, 2025	Feb. 10, 2023	Feb. 09, 2022	Feb. 12, 2024														May 10, 2024	May 09, 2023	May 09, 2022	Aug. 09, 2024	Aug. 08, 2023	Aug. 09, 2022	Nov. 12, 2024	Nov. 07, 2023	Nov. 08, 2022
Payment of Distribution	Feb. 13, 2025	Feb. 14, 2023	Feb. 11, 2022	Feb. 14, 2024														May 14, 2024	May 12, 2023	May 12, 2022	Aug. 14, 2024	Aug. 11, 2023	Aug. 12, 2022	Nov. 15, 2024	Nov. 13, 2023	Nov. 10, 2022
$/ Unit					$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05
Amount of declared distribution					$ 1,511	$ 1,521	$ 1,531	$ 1,540	$ 1,540	$ 1,540	$ 1,540	$ 1,540	$ 1,540	$ 1,540	$ 1,541	$ 1,541	$ 1,541

Intangible assets and liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Liabilities - Intangible Assets, Favorable Lease

Intangible assets as of December 31, 2024 and December 31, 2023 consisted of the following:


	Cost		Accumulated Amortization			Net Book Value
Favorable lease terms December 31, 2021	$	195,854	$	(95,432	)	$	100,422
Additions/ (Amortization)		15,790		(37,496	)		(21,706	)
Favorable lease terms December 31, 2022	$	211,644	$	(132,928	)	$	78,716
Amortization		—		(18,285	)		(18,285	)
Favorable lease terms December 31, 2023	$	211,644	$	(151,213	)	$	60,431
Amortization		—		(18,120	)		(18,120	)
Favorable lease terms December 31, 2024	$	211,644	$	(169,333	)	$	42,311

Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets

The aggregate amortization of the intangible assets for the years ending December 31 is estimated to be as follows:


Period	Amount
2025	$	14,251
2026		8,215
2027		4,982
2028		4,982
2029		4,982
2030 and thereafter		4,899
Total	$	42,311

Intangible Assets And Liabilities - Intangible Liabilities, Unfavorable Lease

Intangible liabilities as of December 31, 2024 and December 31, 2023 consisted of the following:


	Cost		Accumulated Amortization			Net Book Value
Unfavorable lease terms December 31, 2021	$	231,019	$	(108,538	)	$	122,481
Additions/ (Amortization)		388		(74,963	)		(74,575	)
Unfavorable lease terms December 31, 2022	$	231,407	$	(183,501	)	$	47,906
Amortization		—		(19,922	)		(19,922	)
Unfavorable lease terms December 31, 2023	$	231,407	$	(203,423	)	$	27,984
Amortization		—		(12,718	)		(12,718	)
Unfavorable lease terms December 31, 2024	$	231,407	$	(216,141	)	$	15,266

Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities

The aggregate amortization of the intangible liabilities for the years ending December 31 is estimated to be as follows:


Period	Amount
2025	$	11,680
2026		3,586
2027		—
2028		—
2029		—
2030 and thereafter		—
Total	$	15,266

Borrowings - Credit Facilities (Narrative II) (Details Narrative) $ in Thousands																					1 Months Ended	7 Months Ended	8 Months Ended		9 Months Ended	10 Months Ended		11 Months Ended		12 Months Ended
	Nov. 14, 2024 USD ($)	Sep. 20, 2024 USD ($)	Sep. 19, 2024 USD ($) Tranches	Jun. 26, 2024 USD ($)	Jun. 03, 2024	Apr. 29, 2024 USD ($)	Jan. 03, 2024 USD ($)	Jun. 28, 2023 USD ($)	Jun. 21, 2023 USD ($) Capacity	Jun. 20, 2023 USD ($)	Jun. 12, 2023 USD ($)	Apr. 27, 2023 Capacity	Apr. 25, 2023 USD ($) Capacity	Apr. 19, 2023 USD ($)	Mar. 29, 2023 Capacity	Mar. 06, 2023 Capacity	Feb. 05, 2023 Capacity	Sep. 30, 2022 USD ($)	Jun. 29, 2022 USD ($)	Mar. 28, 2022 USD ($)	Oct. 31, 2024 USD ($)	Jul. 27, 2022 Capacity	Aug. 31, 2023 Capacity	Sep. 13, 2022 Capacity	Sep. 21, 2022 Capacity	Oct. 31, 2024 Capacity	Nov. 09, 2023 Capacity	Dec. 14, 2022 Capacity	Nov. 17, 2022 Capacity	Dec. 31, 2024 USD ($) Capacity	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)
Debt Instrument [Line Items]
Long-Term Line of Credit																														$ 1,096,178	$ 908,288
Vessel capacity in DWT \| Capacity									182,212			182,169			182,115	181,221	82,010					82,003	81,692	182,393	182,079		5,300	84,852	182,064	5,300
Drybulk vessels [Member]
Debt Instrument [Line Items]
Prepayments of debt																														$ 16,032
NBG $130,000 million Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Initiation Date			Sep. 19, 2024
Proceeds from Lines of Credit			$ 130,000
Long-Term Debt, Description			to refinance the existing indebtedness of six of its vessels (tranche A) and to finance part of the acquisition cost of one Aframax/ LR2 newbuilding tanker vessel, currently under construction (tranche B).
Debt Instrument, Description of Variable Rate Basis																														SOFR
Long-Term Line of Credit																														$ 77,873
Number of loan tranches \| Tranches			2
NBG $130,000 million Credit Facility [Member] \| Tranche A [Member]
Debt Instrument [Line Items]
Proceeds from Lines of Credit		$ 81,218
Debt Instrument, Basis Spread on Variable Rate																														175.00%
NBG $77,822 million Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Initiation Date			Jun. 20, 2023
Maturity date																														second quarter of 2028
Debt Instrument, Description of Variable Rate Basis																														SOFR
Debt Instrument, Basis Spread on Variable Rate																														215.00%
Prepayments of debt										$ 7,137
Line of Credit Facility, Maximum Borrowing Capacity																																$ 77,822
Description of scope, credit facility										to refinance the existing indebtedness of ten of its vessels and for general corporate purposes.
Long-Term Line of Credit																																$ 56,211
NBG $77,822 million Credit Facility [Member] \| Tranche B [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate																														150.00%
Credit Agricole Corporate And Investment Bank Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Initiation Date								Jun. 28, 2023
Long-Term Debt, Description								o refinance the existing indebtedness of seven of its dry bulk vessels.
Maturity date																														second quarter of 2026
Debt Instrument, Description of Variable Rate Basis																														SOFR
Debt Instrument, Basis Spread on Variable Rate																														250.00%
Prepayments of debt																														$ 3,818
Line of Credit Facility, Maximum Borrowing Capacity								$ 62,400
Long-Term Line of Credit																														$ 42,298
Vessel capacity in DWT \| Capacity																														82,790
ABN AMRO BANK N.V [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Initiation Date				Jun. 26, 2024
Proceeds from Lines of Credit				$ 95,000
Long-Term Debt, Description				to refinance the existing indebtedness of two of its vessels and to finance part of the acquisition cost of four dry bulk vessels.
Maturity date																														five years after each drawdown date
Debt Instrument, Description of Variable Rate Basis																														SOFR
Debt Instrument, Basis Spread on Variable Rate																														175.00%
Long-Term Line of Credit																														$ 90,750
ABN AMRO BANK N.V [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Initiation Date																				Mar. 28, 2022
Proceeds from Lines of Credit																				$ 55,000
Long-Term Debt, Description																				to refinance the existing indebtedness of three of its vessels and for general corporate purposes.
Maturity date																				first quarter of 2027
Debt Instrument, Description of Variable Rate Basis																				Compounded SOFR
Debt Instrument, Basis Spread on Variable Rate																				225.00%
Long-Term Line of Credit																				$ 36,300
Nordea Bank ABP [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Initiation Date					Jan. 03, 2024
Long-Term Debt, Description							to refinance three tankers.
Maturity date							first quarter of 2029
Debt Instrument, Description of Variable Rate Basis							Compounded SOFR
Debt Instrument, Basis Spread on Variable Rate							195.00%
Line of Credit Facility, Maximum Borrowing Capacity							$ 40,000
Long-Term Line of Credit							$ 36,275
BNP PARIBAS [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Initiation Date									Jun. 21, 2023
Proceeds from Lines of Credit									$ 107,600
Long-Term Debt, Description									to refinance the existing indebtedness of ten of its vessels and for general corporate purposes.
Maturity date																														second quarter of 2026
Debt Instrument, Description of Variable Rate Basis																														Compounded SOFR
Debt Instrument, Basis Spread on Variable Rate																														250.00%
Prepayments of debt	$ 7,679																				$ 3,108
Long-Term Line of Credit																														$ 55,853
Vessel capacity in DWT \| Capacity																										76,596
BNP PARIBAS [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Initiation Date											Jun. 12, 2023
Proceeds from Lines of Credit											$ 40,000
Long-Term Debt, Description											to refinance the existing indebtedness of nine of its containerships.
Maturity date																														second quarter
Debt Instrument, Description of Variable Rate Basis																														Compounded SOFR
Debt Instrument, Basis Spread on Variable Rate																														250.00%
Prepayments of debt						$ 3,990
Long-Term Line of Credit																														$ 24,250
KFW IPEX-BANK GMBH [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Initiation Date													Apr. 25, 2023
Line of credit facility, remains to be drawn																														46,204
Proceeds from Lines of Credit																														$ 119,434
Long-Term Debt, Description													to finance the acquisition cost of two 7,700 TEU newbuilding containerships.
Debt Instrument, Description of Variable Rate Basis																														Compounded SOFR
Credit facility is scheduled to mature																														12 years
Debt Instrument, Basis Spread on Variable Rate																														150.00%
Line of Credit Facility, Maximum Borrowing Capacity													$ 165,638
Long-Term Line of Credit																														$ 119,434
Vessel capacity in TEU \| Capacity													7,700
KFW IPEX-BANK GMBH [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Initiation Date																		Sep. 30, 2022
Long-Term Debt, Description																		to finance part of the acquisition cost of two newbuilding containerships.
Maturity date																		fourth quarter of 2030 and the first quarter of 2031
Debt Instrument, Description of Variable Rate Basis																		Compounded SOFR
Debt Instrument, Basis Spread on Variable Rate																														200.00%
Line of Credit Facility, Maximum Borrowing Capacity																		$ 86,240
Long-Term Line of Credit																														$ 81,524
SKANDINAVISKA ENSKILDA BANKEN AB [Member]
Debt Instrument [Line Items]
Long-Term Debt, Description														to refinance the existing indebtedness of five of its tanker vessels and for general corporate purposes.
Maturity date														second quarter
Debt Instrument, Description of Variable Rate Basis																														Compounded SOFR
Debt Instrument, Basis Spread on Variable Rate																														200.00%
Line of Credit Facility, Maximum Borrowing Capacity														$ 65,000
Long-Term Line of Credit																														$ 53,300
Line of credit facility issuance date														April 19, 2023
SKANDINAVISKA ENSKILDA BANKEN AB [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Initiation Date																			Jun. 29, 2022
Long-Term Debt, Description																			to refinance the existing indebtedness of four of its vessels and for general corporate purposes.
Maturity date																														second quarter of 2027
Debt Instrument, Description of Variable Rate Basis																														Compounded SOFR
Debt Instrument, Basis Spread on Variable Rate																														225.00%
Line of Credit Facility, Maximum Borrowing Capacity																			$ 55,000
Long-Term Line of Credit																														$ 35,400

Other Income

12 Months Ended

Dec. 31, 2024

Other Income and Expenses [Abstract]

Other Income

NOTE 19 – OTHER INCOME

In October 2023, Navios Partners agreed to terminate the charter parties of the Protostar N, a 2007-built 2,741 TEU containership, and the Navios Spring, a 2007-built 3,450 TEU containership, with a minimum charter period until October 2025 and April 2025, respectively, against a compensation of $52,463 for the early termination, which was presented under the caption “Other income” in the Consolidated Statements of Operations.

Accounts Receivable, net - Changes to provisions for credit losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable Net
Balance at beginning of period	$ 0	$ (2,990)	$ (2,990)
Charges to costs and expenses	0	0	0
Amount utilized	0	2,990	0
Balance at end of period	$ 0	$ 0	$ (2,990)

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Cash and cash equivalents - Book Value	$ 270,166	$ 240,378
Cash and cash equivalents - Fair Value	270,166	240,378
Restricted cash - Book Value	29,623	8,797
Restricted cash - Fair Value	29,623	8,797
Other investments - Book Value	12,289	47,000
Other investments - Fair Value	12,289	47,000
Amounts due from related parties, short-term - Book Value	36,620	0
Amounts due from related parties, short-term - Fair Value	36,620	0
Amounts due from related parties, long-term - Book Value	0	39,570
Amounts due from related parties, long-term - Fair Value	0	39,570
Amounts due to related parties, short-term - Book Value	0	(32,026)
Amounts due to related parties, short-term - Fair Value	0	(32,026)
Credit facilities and financial liabilities, including current portion, net - Book Value	(1,803,153)	(1,393,049)
Credit facilities and financial liabilities, including current portion, net - Fair Value	$ (1,827,384)	$ (1,410,563)

Borrowings - Credit Facilities (Details Narrative) - USD ($)														1 Months Ended		8 Months Ended	12 Months Ended
	Dec. 17, 2024	Dec. 04, 2024	Sep. 27, 2024	Jun. 28, 2024	Feb. 20, 2024	Dec. 15, 2023	Dec. 13, 2023	May 02, 2023	Feb. 16, 2023	Sep. 30, 2022	Sep. 05, 2022	Dec. 07, 2021	Aug. 19, 2021	May 31, 2024	Jan. 31, 2023	Sep. 09, 2022	Dec. 31, 2024	Dec. 18, 2024	Dec. 31, 2023	Dec. 31, 2022	Sep. 24, 2024
Debt Instrument [Line Items]
Amount drawn down																	$ 1,096,178,000		$ 908,288,000
Total Borrowings [Member]
Debt Instrument [Line Items]
Long-Term Debt																	$ 2,128,937,000
Hellenic Bank Credit Facility $25,235 [Member]
Debt Instrument [Line Items]
Line of credit facility, initiation date																	May 09, 2022
Line of credit facility, maximum borrowing capacity											$ 25,235,000
Long-term debt, description											to refinance the existing indebtedness of five of its vessels and for working capital purposes.
Prepayments of debt															$ 3,700,000
Amount drawn down																	$ 11,965,000
Maturity date																	second quarter of 2027
Debt instrument, description of variable rate basis																	SOFR
Debt instrument, basis spread on variable rate																	2.50%
Hellenic Bank Credit Facility $30,000 [Member]
Debt Instrument [Line Items]
Line of credit facility, initiation date																	Dec. 04, 2024
Long-term debt, description																	to refinance the existing indebtedness of four of its vessels.
Proceeds from Lines of Credit		$ 30,000,000
Amount drawn down																	$ 30,000,000
Maturity date																	fourth quarter of 2029
Debt instrument, description of variable rate basis																	SOFR
Debt instrument, basis spread on variable rate																	1.75%
Hamburg Commercial Bank A G 90 M Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, initiation date																	Dec. 17, 2024
Long-term debt, description	to refinance the existing indebtedness of seven of its vessels.
Proceeds from Lines of Credit																		$ 90,000,000
Amount drawn down																	$ 90,000,000
Maturity date																	fourth quarter of 2028
Debt instrument, description of variable rate basis																	Compounded Secured Overnight Financing Rate (“Compounded SOFR”)
Debt instrument, basis spread on variable rate																	1.80%
Hamburg Commercial Bank A G210 M Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, initiation date																	Sep. 05, 2022
Long-term debt, description											to refinance the existing indebtedness of 20 of its vessels and for working capital purposes.
Proceeds from Lines of Credit																$ 210,000,000
Prepayments of debt																	$ 13,349,000		$ 14,182,000	$ 10,239,000
HCOB, Alpha Bank S.A. and National Bank of Greece [Member]
Debt Instrument [Line Items]
Proceeds from Lines of Credit												$ 190,216,000
Prepayments of debt														$ 16,568,000	$ 11,440,000
Amount drawn down																		$ 91,136,000			$ 81,218,000
Description of scope, credit facility												to partially refinance the existing indebtedness of seven tanker vessels.
DNB (U K) Limited and Export Import Bank of China Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, initiation date																	Feb. 16, 2023
Long-term debt, description									to finance part of the contract price of four newbuilding containerships.
Amount drawn down																	$ 156,540,000
Maturity date																	ten years after each drawdown date upon the delivery of the respective vessel
Debt instrument, description of variable rate basis																	Compounded SOFR
Debt instrument, basis spread on variable rate																	170.00%
Line of Credit Facility, Remaining Borrowing Capacity									$ 161,600,000
First-Citizens Bank & Trust Company [Member]
Debt Instrument [Line Items]
Line of credit facility, initiation date																	Dec. 21, 2022
Amount drawn down																	$ 33,700,000
Maturity date																	first quarter of 2028
Debt instrument, description of variable rate basis									Term SOFR
Debt instrument, basis spread on variable rate																	195.00%
Description of scope, credit facility																	to refinance the existing indebtedness of three of its tanker vessels and for general corporate purposes.
Line of Credit Facility, Remaining Borrowing Capacity									$ 44,200,000
DNB BANK ASA Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, initiation date																	Dec. 13, 2021
Long-term debt, description							for the refinancing of the existing credit facilities of three tanker vessels and two dry bulk vessels						to finance part of the acquisition cost of the Navios Azimuth.
Prepayments of debt				$ 17,160,000	$ 12,240,000	$ 37,075,000
Line of Credit Facility, Remaining Borrowing Capacity							$ 72,710,000						$ 18,000,000
KFW IPEX-BANK GMBH [Member]
Debt Instrument [Line Items]
Line of credit facility, initiation date										Sep. 30, 2022
Line of credit facility, maximum borrowing capacity										$ 86,240,000
Long-term debt, description										to finance part of the acquisition cost of two newbuilding containerships.
Amount drawn down																	$ 81,524,000
Maturity date										fourth quarter of 2030 and the first quarter of 2031
Debt instrument, description of variable rate basis										Compounded SOFR
Debt instrument, basis spread on variable rate																	200.00%
EUROBANK S.A [Member]
Debt Instrument [Line Items]
Proceeds from Lines of Credit								$ 30,000,000
Prepayments of debt																	$ 7,300,000
Amount drawn down																	17,555,000
Maturity date								second quarter of 2028
Debt instrument, description of variable rate basis								SOFR
Description of scope, credit facility								to refinance the existing indebtedness of three of its tanker vessels and for general corporate purposes.
EUROBANK S.A [Member] \| Any part of the loan (up to 70%) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate								1.00%
EUROBANK S.A [Member] \| Remaining amount [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate								2.25%
EUROBANK S.A [Member]
Debt Instrument [Line Items]
Proceeds from Lines of Credit			$ 48,000,000
Amount drawn down																	$ 46,950,000
Maturity date			third quarter of 2028 in relation to advance A and the fourth quarter of 2030
Debt instrument, description of variable rate basis			SOFR
Debt instrument, basis spread on variable rate			70.00%
Description of scope, credit facility			to refinance the existing indebtedness of three of its vessels (advance A) and to finance part of the acquisition cost of one Ultra-Handymax vessel (advance B).
EUROBANK S.A [Member] \| Remaining amount [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			175.00%

Summary of Significant Accounting Policies - Entities included in the consolidation (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2022
Entity Information [Line Items]
Country of incorporation	Republic of the Marshall Islands
Aegean Sea Maritime Holdings Inc. [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Afros Maritime Inc. [Member]
Entity Information [Line Items]
Vessel name	Operating Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Agistri Shipping Limited [Member]
Entity Information [Line Items]
Vessel name	Operating Subsidiary
Country of incorporation	Malta
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Agron Navigation Company [Member]
Entity Information [Line Items]
Vessel name	Navios Azalea
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Alatas Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN XX
Country of incorporation	Marshall Is.
2024	5/20–12/31
2023	—
2022	—
Aldebaran Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Alegria Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Alimia Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN XVI
Country of incorporation	Marshall Is.
2024	5/30–12/31
2023	—
2022	—
Alkmene Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Alonnisos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Amaryllis Shipping Inc. [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/3
Ambracia Navigation Company [Member]
Entity Information [Line Items]
Vessel name	Navios Primavera
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Amindra Navigation Co. [Member]
Entity Information [Line Items]
Vessel name	Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Ammos Shipping Corp. [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Amorgos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Anafi Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Sky
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08–12/31
Andromeda Shiptrade Limited [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Andros Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Anthimar Marine Inc. [Member]
Entity Information [Line Items]
Vessel name	Navios Amarillo
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Antikithira Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Antiparos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Atria
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Antipaxos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Antipsara Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Velocity
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Aramis Navigation Inc. [Member]
Entity Information [Line Items]
Vessel name	Navios Azimuth
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Arkoi Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Coral
Country of incorporation	Marshall Is.
2024	3/14–12/31
2023	—
2022	—
Artala Shipping Co. [Member]
Entity Information [Line Items]
Vessel name	Navios Sakura
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Asteroid Shipping S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Herakles I
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	7/29–12/31
Astrovalos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Cosmos
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	4/26–12/31
Astypalaia Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Amber
Country of incorporation	Marshall Is.
2024	3/14–12/31
2023	—
2022	—
Atokos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Horizon I
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	7/18–12/31
2022	—
Aurora Shipping Enterprises Ltd. [Member]
Entity Information [Line Items]
Vessel name	Navios Hope
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Avery Shipping Company [Member]
Entity Information [Line Items]
Vessel name	Navios Symphony
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Azalea Shipping Inc. [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Balder Maritime Ltd. [Member]
Entity Information [Line Items]
Vessel name	Navios Koyo
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Bato Marine Corp. [Member]
Entity Information [Line Items]
Vessel name	Navios Armonia
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Bertyl Ventures Co. [Member]
Entity Information [Line Items]
Vessel name	Navios Azure
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Beryl Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Hyundai Tokyo
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Boheme Navigation Company [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Bole Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Spectrum N
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Boysenberry Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Brandeis Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Ete N
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Buff Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Fleur N
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Cadmium Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Calliope Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Zim Condor
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Camelia Shipping Inc. [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Casual Shipholding Co. [Member]
Entity Information [Line Items]
Vessel name	Navios Sol
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Cavalli Navigation Inc. [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Cavos Navigation Co. [Member]
Entity Information [Line Items]
Vessel name	Navios Libra
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Celadon Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Cerulean Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Chalki Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN VI
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	5/31–12/31
2022	—
Chernava Marine Corp. [Member]
Entity Information [Line Items]
Vessel name	Navios Bahamas
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Cheryl Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Hyundai Shanghai
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Chilali Corp. [Member]
Entity Information [Line Items]
Vessel name	Navios Aurora II
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Christal Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Hyundai Busan
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Citrine Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	—
2023	1/01–2/21
2022	1/01–12/31
Clan Navigation Limited [Member]
Entity Information [Line Items]
Vessel name	Navios Devotion
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Cloud Atlas Marine S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Uranus
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	7/29–12/31
Coasters Ventures Ltd. [Member]
Entity Information [Line Items]
Vessel name	Navios Christine B
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Corsair Shipping Ltd. [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08-12/31
Crayon Shipping Ltd [Member]
Entity Information [Line Items]
Vessel name	Navios Miami
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Crete Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Cetus
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Cronus Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Protostar N
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Customized Development S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Fulvia
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Cyrus Investments Corp. [Member]
Entity Information [Line Items]
Vessel name	Baghdad
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Delos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Despotiko Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Polaris
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	9/05–12/31
2022	—
Dione Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Dionysus Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Donoussa Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Doxa International Corp. [Member]
Entity Information [Line Items]
Vessel name	Nave Electron
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Ducale Marine Inc. [Member]
Entity Information [Line Items]
Vessel name	Navios Etoile
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08–12/31
Dune Shipping Corp. [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	—
2023	1/01–2/21
2022	1/01–12/31
Ebba Navigation Limited [Member]
Entity Information [Line Items]
Vessel name	Navios Destiny
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Elafonisos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN II
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	10/19–12/31
Emery Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Gem
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Enplo Shipping Limited [Member]
Entity Information [Line Items]
Vessel name	Navios Verde
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Erato Shipmanagement Corporation [Member]
Entity Information [Line Items]
Vessel name	Zim Pelican
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Ereikousa Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN XI
Country of incorporation	Marshall Is
2024	1/01–12/31
2023	5/24–12/31
2022	—
Esmeralda Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Sphera
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Euterpe Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Hawk I (ex Zim Hawk)
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Evian Shiptrade Ltd. [Member]
Entity Information [Line Items]
Vessel name	Matson Lanai
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Fairy Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Faith Marine Ltd [Member]
Entity Information [Line Items]
Vessel name	Navios Altamira
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08-12/31
Fandango Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Unity N
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Fantastiks Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Fantastiks
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Felicity Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Finian Navigation Co. [Member]
Entity Information [Line Items]
Vessel name	Navios Ace
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Flavescent Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Odysseus N
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Floral Marine Ltd. [Member]
Entity Information [Line Items]
Vessel name	Navios Buena Ventura
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Folegandros Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Andromeda
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Galaxy Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Galera Management Company [Member]
Entity Information [Line Items]
Vessel name	Navios Amethyst
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	6/24–12/31
Galileo Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Galileo
Country of incorporation	Marshall Is.
2024	9/17–12/31
2023	—
2022	—
Gatsby Maritime Company [Member]
Entity Information [Line Items]
Vessel name	TBN IV
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/03–12/31
2022		—
Gavdos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Photon
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	4/26–12/31
Gemini Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	—
2023	1/01–2/07
2022	1/01–12/31
Goddess Shiptrade Inc. [Member]
Entity Information [Line Items]
Vessel name	Navios Astra
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Goldie Services Company [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Golem Navigation Limited [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Happiness Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Happiness
Country of incorporation	Marshall Is.
2024	9/17–12/31
2023	—
2022	—
Highbird Management Inc. [Member]
Entity Information [Line Items]
Vessel name	Navios Celestial
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08-12/31
Hyperion Enterprises Inc. [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Ianthe Maritime S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Aster
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Ikaria Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Aquila
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Iliada Shipping S.A. [Member]
Entity Information [Line Items]
Vessel name	Operating Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Inastros Maritime Corp. [Member]
Entity Information [Line Items]
Vessel name	Navios Chrysalis
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Ios Marine Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Cielo
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Iraklia Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Bougainville
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Iris Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	N Amalthia
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08-12/31
Isolde Shipping Inc. [Member]
Entity Information [Line Items]
Vessel name	Navios Indigo
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Ithaki Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	4/26–12/31
Jasmer Shipholding Ltd. [Member]
Entity Information [Line Items]
Vessel name	Navios Nerine
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Jasmine Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08–12/31
Jaspero Shiptrade S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Jasmine
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Joy Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Joy
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
JTC Shipping and Trading Ltd. [Member]
Entity Information [Line Items]
Vessel name	Operating Company
Country of incorporation	Malta
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Karpathos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	HMM Ocean
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	6/22–12/31
Kastelorizo Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN I
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	10/19–12/31
Kastos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN XII
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	5/24–12/31
2022		—
Kerkyra Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Galactic
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022		1/01–12/31
Keros Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN XIX
Country of incorporation	Marshall Is.
2024	5/20–12/31
2023	—
2022		—
Kimolos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Kinaros Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Citrine
Country of incorporation	Marshall Is.
2024	3/14–12/31
2023	—
2022		—
Kithira Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Kleio Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Zim Seagull
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Kohylia Shipmanagement S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Luz
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Kos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Bellatrix
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Koufonisi Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Felix
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	11/11–12/31
Kymata Shipping Co. [Member]
Entity Information [Line Items]
Vessel name	Navios Helios
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Lavender Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Ray
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Lefkada Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Buena Suerte
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Legato Shipholding Inc. [Member]
Entity Information [Line Items]
Vessel name	Navios Tempo
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Leros Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Letil Navigation Ltd. [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Leto Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Levitha Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN XV
Country of incorporation	Marshall Is.
2024	5/30–12/31
2023	—
2022	—
Libra Shipping Enterprises Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Limestone Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Limnos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Pyxis
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Makri Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Utmost
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	9/05–12/31
2022	—
Makronisos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Mandora Shipping Ltd. [Member]
Entity Information [Line Items]
Vessel name	Navios Centaurus
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Mathraki Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN X
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	7/18–12/31
2022	—
Meganisi Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Unite
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	9/05–12/31
2022	—
Melpomene Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Sparrow
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Mesta Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN XXII
Country of incorporation	Marshall Is.
2024	8/26–12/31
2023	—
2022	—
Micaela Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Migen Shipmanagement Ltd. [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Moonstone Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08–12/31
Morganite Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Meridian
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Morven Chartering Inc. [Member]
Entity Information [Line Items]
Vessel name	Navios Verano
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Muses Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Mytilene Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Orion
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
NAV Holdings Limited [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Malta
2024	1/01–12/31
2023	1/01–12/31
2022	9/08–12/31
Navios Acquisition Europe Finance Inc. [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Navios Acquisition Finance (US) Inc. [Member]
Entity Information [Line Items]
Vessel name	Co-Issuer of Ship Mortgage Notes
Country of incorporation	Delaware
2024	1/01–10/07
2023	1/01–12/31
2022	1/01–12/31
Navios International Inc. [Member]
Entity Information [Line Items]
Vessel name	Operating Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	7/29–12/31
Navios Maritime Acquisition Corporation [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Navios Maritime Containers Sub L.P. [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Navios Maritime Midstream Operating LLC [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Navios Maritime Midstream Partners Finance (US) Inc. [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Delaware
2024	1/01–10/07
2023	1/01–12/31
2022	1/01–12/31
Navios Maritime Midstream Partners GP LLC [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Navios Maritime Midstream Partners L.P. [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Navios Maritime Operating LLC. [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Navios Maritime Partners L.P. [Member]
Entity Information [Line Items]
Vessel name	N/A
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Navios Partners Containers Finance Inc. [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Navios Partners Containers Inc. [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Navios Partners Europe Finance Inc. [Member]
Entity Information [Line Items]
Vessel name	Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Navios Partners Finance (US) Inc. [Member]
Entity Information [Line Items]
Vessel name	Co-Borrower
Country of incorporation	Delaware
2024	1/01–10/07
2023	1/01–12/31
2022	1/01–12/31
Nefeli Navigation S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Unison
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Nisyros Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Neutrino
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	9/05–12/31
2022	—
Nostos Shipmanagement Corp. [Member]
Entity Information [Line Items]
Vessel name	Navios Bonavis
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Oceanus Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Oinousses Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Jupiter
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Olivia Enterprises Corp. [Member]
Entity Information [Line Items]
Vessel name	Erbil
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Olympia II Navigation Limited [Member]
Entity Information [Line Items]
Vessel name	Navios Domino
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Opal Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Rainbow N
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08-12/31
Orbiter Shipping Corp. [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Othonoi Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN IX
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	7/18–12/31
2022	—
Palermo Shipping S.A [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	—
2023	1/01–2/07
2022	1/01–12/31
Pandora Marine Inc. [Member]
Entity Information [Line Items]
Vessel name	Navios Melodia
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Patmos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	HMM Sky
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	6/22–12/31
Paxos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Pearl Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Sun
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Peran Maritime Inc. [Member]
Entity Information [Line Items]
Vessel name	Zim Baltimore
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Perigiali Navigation Limited [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Perivoia Shipmanagement Co. [Member]
Entity Information [Line Items]
Vessel name	Navios Amitie
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Persephone Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Hector N
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Pharos Navigation S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Phoenix
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08–12/31
Pingel Navigation Limited [Member]
Entity Information [Line Items]
Vessel name	Matson Oahu (ex 'Navios Delight)
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Pleione Management Limited [Member]
Entity Information [Line Items]
Vessel name	Navios Star
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Polyaigos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN VII
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	7/04–12/31
2022	—
Polymnia Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Zim Albatross
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Poros Marine Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN XVII
Country of incorporation	Marshall Is.
2024	6/20–12/31
2023	—
2022	—
Prometheus Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Prosperity Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Proteus Shiptrade S.A. [Member]
Entity Information [Line Items]
Vessel name	Carmel I
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Psara Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Luminosity
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Pserimos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN V
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	5/31–12/31
2022	—
Pueblo Holdings Ltd. [Member]
Entity Information [Line Items]
Vessel name	Navios Lumen
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08-12/31
Pyrgi Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN XXI
Country of incorporation	Marshall Is.
2024	8/26–12/31
2023	—
2022	—
Red Rose Shipping Corp. [Member]
Entity Information [Line Items]
Vessel name	Navios Bonheur
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08–12/31
Rhea Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Rhodes Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Cassiopeia
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Rider Shipmanagement Inc. [Member]
Entity Information [Line Items]
Vessel name	Navios Felicity I
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	7/29–12/31
Rineia Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN XVIII
Country of incorporation	Marshall Is.
2024	6/20–12/31
2023	—
2022	—
Rodman Maritime Corp. [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Rondine Management Corp. [Member]
Entity Information [Line Items]
Vessel name	Navios Victory
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Roselite Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Corali
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08-12/31
Rubina Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Hyundai Hongkong
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Rumer Holding Ltd. [Member]
Entity Information [Line Items]
Vessel name	Navios Antares
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08-12/31
Sagittarius Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Samos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Synergy
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Samothrace Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Pulsar
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Santorini Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN XIII
Country of incorporation	Marshall Is.
2024	2/20–12/31
2023	—
2022	—
Schinousa Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Serifos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Estella
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Seymour Trading Limited [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Shikhar Ventures S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Stellar
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08–12/31
Shinyo Dream Limited [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Hong Kong
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Shinyo Kannika Limited [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Hong Kong
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Shinyo Kieran Limited [Member]
Entity Information [Line Items]
Vessel name	Nave Universe
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Shinyo Loyalty Limited [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Hong Kong
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Shinyo Navigator Limited [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Hong Kong
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Shinyo Ocean Limited [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Hong Kong
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Shinyo Saowalak Limited [Member]
Entity Information [Line Items]
Vessel name	Nave Constellation
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Sifnos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Titan
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Sikinos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Silvanus Marine Company [Member]
Entity Information [Line Items]
Vessel name	Navios Summer
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Skiathos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Capella
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Skopelos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Ariadne
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Syros Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Alderamin
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Solange Shipping Ltd. [Member]
Entity Information [Line Items]
Vessel name	Navios Avior
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Spetses Marine Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Venus
Country of incorporation	Marshall Is.
2024	6/26–12/31
2023	—
2022	—
Sui An Navigation Limited [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Sunstone Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Copernicus N
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Surf Maritime Co. [Member]
Entity Information [Line Items]
Vessel name	Navios Pollux
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Skyros Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Sextans
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Talia Shiptrade S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Magellan II
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	7/29–12/31
Tarak Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	4/26–12/31
Taurus Marine Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	9/26–12/31
2023	—
2022	—
Terpsichore Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Zim Falcon
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Teuta Maritime S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Altair
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Thalassa Marine S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Galaxy II
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	7/29-12/31
Thalia Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Thasos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Equinox
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Thera Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Atropos
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Theros Ventures Limited [Member]
Entity Information [Line Items]
Vessel name	Navios Lapis
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Thetida Marine Co. [Member]
Entity Information [Line Items]
Vessel name	Navios Magnolia
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Thirasia Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN XIV
Country of incorporation	Marshall Is.
2024	2/20–12/31
2023	—
2022	—
Tilos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Tinos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Rigel
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Topaz Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Hyundai Singapore
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Triangle Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Mars
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Trikeri Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	TBN VIII
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	7/04–12/31
2022	—
Tzia Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Celeste
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Urania Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Zim Eagle
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Vatselo Enterprises Corp. [Member]
Entity Information [Line Items]
Vessel name	Navios Alegria
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	6/24–12/31
Vega Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Vega
Country of incorporation	Marshall Is.
2024	9/17–12/31
2023	—
2022	—
Veja Navigation Company [Member]
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08-12/31
Velour Management Corp. [Member]
Entity Information [Line Items]
Vessel name	Navios Vermilion
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Velvet Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios La Paix
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Venetiko Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Navios Dolphin
Country of incorporation	Marshall Is.
2024	3/14–12/31
2023	—
2022	—
Vernazza Shiptrade Inc. [Member]
Entity Information [Line Items]
Vessel name	Navios Canary
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08–12/31
Vinetree Marine Company [Member]
Entity Information [Line Items]
Vessel name	Operating Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Vythos Marine Corp. [Member]
Entity Information [Line Items]
Vessel name	Navios Constellation
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Wenge Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Former Vessel-Owning Company
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
White Narcissus Marine S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Asteriks
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	9/08-12/31
Zakynthos Shipping Corporation [Member]
Entity Information [Line Items]
Vessel name	Nave Quasar
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31
Ziggy Shipping Limited [Member]
Entity Information [Line Items]
Vessel name	TBN III
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/03–12/31
2022	—
Zoner Shiptrade S.A. [Member]
Entity Information [Line Items]
Vessel name	Navios Dorado
Country of incorporation	Marshall Is.
2024	1/01–12/31
2023	1/01–12/31
2022	1/01–12/31

- Details

Name:	dei_LegalEntityAxis=nmm_MathrakiShippingCorporationMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

Commitments and Contingencies (Details Narrative) $ in Thousands						1 Months Ended					3 Months Ended					7 Months Ended	8 Months Ended		9 Months Ended	10 Months Ended	11 Months Ended		12 Months Ended
	Jun. 21, 2023 USD ($) Capacity	Apr. 27, 2023 USD ($) Capacity	Mar. 29, 2023 USD ($) Capacity	Mar. 06, 2023 USD ($) Capacity	Feb. 05, 2023 USD ($) Capacity	Aug. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Nov. 30, 2022 USD ($) Installment Capacity	Jun. 30, 2022 USD ($) Installment Capacity	Apr. 30, 2022 USD ($) Installment Capacity	Sep. 30, 2024 USD ($) Installment Vessel Capacity	Jun. 30, 2024 USD ($) Installment Vessel Capacity	Mar. 31, 2024 USD ($) Installment Capacity	Sep. 30, 2023 USD ($) Installment Capacity	Jun. 30, 2023 USD ($)	Jul. 27, 2022 USD ($) Capacity	Aug. 31, 2023 Capacity	Sep. 13, 2022 Capacity	Sep. 21, 2022 Capacity	Nov. 09, 2023 USD ($) Capacity	Dec. 14, 2022 USD ($) Capacity	Nov. 17, 2022 Capacity	Dec. 31, 2024 USD ($) Capacity	Dec. 31, 2023 USD ($)
Property, Plant and Equipment [Line Items]
Additions					$ 35,605															$ 66,733
Contractual Obligation																							$ 186,295
Deposits for vessels acquisitions																							$ 444,897	$ 434,134
Vessel capacity in DWT \| Capacity	182,212	182,169	182,115	181,221	82,010											82,003	81,692	182,393	182,079	5,300	84,852	182,064	5,300
Other Assets, Noncurrent																							$ 61,749	62,111
Initial direct costs																							56,543
Capitalized expenses	$ 2,574	$ 2,579	$ 3,028	$ 1,600	$ 1,305		$ 16,745									$ 986					$ 243		1,166
Nave Cosmos [Member]
Property, Plant and Equipment [Line Items]
Date of delivery										May 13, 2024
Nave Polaris [Member]
Property, Plant and Equipment [Line Items]
Date of delivery										August 12, 2024,
Nave Photon [Member]
Property, Plant and Equipment [Line Items]
Date of delivery										October 21, 2024
Nave Neutrino [Member]
Property, Plant and Equipment [Line Items]
Date of delivery										January 14, 2025
HMM Ocean [Member]
Property, Plant and Equipment [Line Items]
Date of delivery									January 20, 2025
HMM Sky [Member]
Property, Plant and Equipment [Line Items]
Date of delivery									February 17, 2025
Four Aframax/ LR2 newbuilding tanker vessels [Member]
Property, Plant and Equipment [Line Items]
Additions										$ 58,500				$ 61,250
Increase (Decrease) in Deposits Outstanding										$ 23,400
Number of installments \| Installment										4
Contractual Obligation																							35,100
Deposits for vessels acquisitions																							25,063
Vessel capacity in DWT \| Capacity										115,000
Additional features										$ 4,158
Four Aframax/ LR2 newbuilding tanker vessels [Member] \| First installment for four vessels [Member]
Property, Plant and Equipment [Line Items]
Advances for vessel acquisitions							25,063
Four Aframax/ LR2 newbuilding tanker vessels [Member] \| Second installment for four vessels and third installment for one vessel [Member]
Property, Plant and Equipment [Line Items]
Advances for vessel acquisitions																								31,329
Four Aframax/ LR2 newbuilding tanker vessels [Member] \| Third installment for other three vessels and fourth installment for three vessels and last installment for three vessel [Member]
Property, Plant and Equipment [Line Items]
Advances for vessel acquisitions							156,645
First installment of each vessel [Member]
Property, Plant and Equipment [Line Items]
Advances for vessel acquisitions							$ 46,204
Second and third installment for two vessels [Member]
Property, Plant and Equipment [Line Items]
Advances for vessel acquisitions																								103,959
Fourth installment for two vessels [Member]
Property, Plant and Equipment [Line Items]
Advances for vessel acquisitions																							34,653
Two newbuilding liquified natural gas dual fuel [Member]
Property, Plant and Equipment [Line Items]
Vessel capacity in TEU \| Capacity									7,700
Additions									$ 115,510
Increase (Decrease) in Deposits Outstanding									$ 92,408
Number of installments \| Installment									4
Contractual Obligation																							23,102
Deposits for vessels acquisitions																							184,816
Two Aframax/ LR2 newbuilding tanker vessels [Member]
Property, Plant and Equipment [Line Items]
Additions								$ 60,500
Date of expected delivery of vessel								first half of 2025
Increase (Decrease) in Deposits Outstanding								$ 24,200
Number of installments \| Installment								4
Contractual Obligation																							36,300
Deposits for vessels acquisitions																							42,350
Vessel capacity in DWT \| Capacity								115,000
Additional features								$ 4,158
Two Aframax/ LR2 newbuilding tanker vessels [Member] \| First installment for two vessels [Member]
Property, Plant and Equipment [Line Items]
Advances for vessel acquisitions																								12,100
Two Aframax/ LR2 newbuilding tanker vessels [Member] \| Third installment for two vessels and fourth installment for one vessel [Member]
Property, Plant and Equipment [Line Items]
Advances for vessel acquisitions																							30,250
Two newbuilding Japanese MR2 Product Tanker vessels [Member]
Property, Plant and Equipment [Line Items]
Date of expected delivery of vessel							second half of 2025 and the first half of 2026								second half of 2026
Increase (Decrease) in Deposits Outstanding							$ 18,000								$ 18,000
Lessee, Operating Lease, Description							ten								ten years
Other Assets, Noncurrent																							11,650
Two newbuilding Japanese MR2 Product Tanker vessels [Member] \| First installment for two vessels [Member]
Property, Plant and Equipment [Line Items]
Advances for vessel acquisitions															$ 9,000									9,000
One Newbuilding Capesize Vessel [Member]
Property, Plant and Equipment [Line Items]
Other Assets, Noncurrent																							11,810
Two newbuilding Japanese MR2 Product Tankers [member]
Property, Plant and Equipment [Line Items]
Date of expected delivery of vessel						first half of 2027
Increase (Decrease) in Deposits Outstanding						$ 20,000
Lessee, Operating Lease, Description						ten years
Other Assets, Noncurrent																							12,739
Two newbuilding Japanese MR2 Product Tankers [member] \| First installment for two vessels [Member]
Property, Plant and Equipment [Line Items]
Advances for vessel acquisitions																								$ 10,000
Four Aframax/ LR2 Newbuilding Scrubber-fitted Tanker Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels \| Vessel												4
Date of expected delivery of vessel														during 2026
Increase (Decrease) in Deposits Outstanding														$ 27,562
Number of installments \| Installment														4
Contractual Obligation														$ 33,688
Deposits for vessels acquisitions																							55,125
Vessel capacity in DWT \| Capacity												115,000		115,000
Additional features														$ 3,300
Four Aframax/ LR2 Newbuilding Scrubber-fitted Tanker Vessels [Member] \| First installment for two vessels [Member]
Property, Plant and Equipment [Line Items]
Advances for vessel acquisitions																							62,625
Four Aframax/ LR2 Newbuilding Scrubber-fitted Tanker Vessels [Member] \| First installment for four vessels and second installment for three vessels [Member]
Property, Plant and Equipment [Line Items]
Advances for vessel acquisitions																							55,125
Four Aframax/ LR2 Newbuilding Scrubber-fitted Tanker Vessels [Member] \| First Two Vessels [Member]
Property, Plant and Equipment [Line Items]
Additions												$ 62,250
Date of expected delivery of vessel												second half of 2027
Increase (Decrease) in Deposits Outstanding												$ 34,238
Number of installments \| Installment												4
Contractual Obligation												$ 28,012
Additional features												3,300
Four Aframax/ LR2 Newbuilding Scrubber-fitted Tanker Vessels [Member] \| Other Two Vessels [Member]
Property, Plant and Equipment [Line Items]
Additions												$ 63,000
Date of expected delivery of vessel												first half of 2028
Increase (Decrease) in Deposits Outstanding												$ 34,650
Number of installments \| Installment												4
Contractual Obligation												$ 28,350
Additional features												$ 3,300
Four Aframax/ LR2 Newbuilding Scrubber-fitted Tanker Vessels [Member] \| First Two Vessels and Other Two Vessels [Member]
Property, Plant and Equipment [Line Items]
Deposits for vessels acquisitions																							62,625
Two Aframax/ LR2 Newbuilding Scrubber-fitted Tanker Vessels [Member]
Property, Plant and Equipment [Line Items]
Additions													$ 61,250
Date of expected delivery of vessel													during 2027
Increase (Decrease) in Deposits Outstanding													$ 27,562
Number of installments \| Installment													4
Contractual Obligation													$ 33,688
Deposits for vessels acquisitions																							18,375
Vessel capacity in DWT \| Capacity													115,000
Additional features													$ 3,300
Two Aframax/ LR2 Newbuilding Scrubber-fitted Tanker Vessels [Member] \| First installment for two vessels [Member]
Property, Plant and Equipment [Line Items]
Advances for vessel acquisitions																							$ 18,375
Two TEU Newbuilding Methanol-ready And Scrubber-fitted Containerships [Member]
Property, Plant and Equipment [Line Items]
Number of vessels \| Vessel											2	2
Vessel capacity in TEU \| Capacity											7,900	7,900
Additions											$ 102,750	$ 102,750
Date of expected delivery of vessel											second half of 2026 and the first half of 2027	2026
Increase (Decrease) in Deposits Outstanding											$ 82,200	$ 82,200
Number of installments \| Installment											4	4
Contractual Obligation											$ 20,550	$ 20,550
Additional features											$ 3,250	$ 3,250

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies - Future minimum contractual obligations

As of December 31, 2024, the Company’s future minimum lease commitments under the Company’s bareboat-in contracts for undelivered vessels, are as follows:


Period	Amount
2025	$	1,025
2026		6,932
2027		17,574
2028		18,666
2029		18,615
2030 and thereafter		123,483
Total	$	186,295

Cash Distribution and Earnings per Unit (Tables)

12 Months Ended

Dec. 31, 2024

Cash Distribution And Earnings Per Unit

Cash Distributions and Earnings per Unit - Schedule of Incentive Distributions Made To General Partners Or Unitholders By Distribution

There are incentive distribution rights held by Navios GP L.L.C., which are analyzed as follows:


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

Cash Distributions and Earnings per Unit - Distributions for all quarters

The authorized quarterly cash distributions for all quarters during the years ended December 31, 2024, 2023 and 2022, are presented below:


Date	Authorized Quarterly Cash Distribution for the three months ended	Date of record of Common and General Partnership unit Unitholders	Payment of Distribution	$/ Unit		Amount of the declared distribution
January 2022	December 31,2021	February 9, 2022	February 11, 2022	$	0.05	$	1,541
April 2022	March 31, 2022	May 9, 2022	May 12, 2022	$	0.05	$	1,541
July 2022	June 30, 2022	August 9, 2022	August 12, 2022	$	0.05	$	1,541
October 2022	September 30, 2022	November 8, 2022	November 10, 2022	$	0.05	$	1,540
January 2023	December 31, 2022	February 10, 2023	February 14, 2023	$	0.05	$	1,540
April 2023	March 31, 2023	May 9, 2023	May 12, 2023	$	0.05	$	1,540
July 2023	June 30, 2023	August 8, 2023	August 11, 2023	$	0.05	$	1,540
October 2023	September 30, 2023	November 7, 2023	November 13, 2023	$	0.05	$	1,540
February 2024	December 31, 2023	February 12, 2024	February 14, 2024	$	0.05	$	1,540
April 2024	March 31, 2024	May 10, 2024	May 14, 2024	$	0.05	$	1,540
July 2024	June 30, 2024	August 9, 2024	August 14, 2024	$	0.05	$	1,531
October 2024	September 30, 2024	November 12, 2024	November 15, 2024	$	0.05	$	1,521
January 2025	December 31, 2024	February 10, 2025	February 13, 2025	$	0.05	$	1,511

Cash Distributions and Earnings per Unit - Schedule of earnings per unit, Basic and Diluted

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


	Year Ended December 31, 2024		Year Ended December 31, 2023		Year Ended December 31, 2022
Net income	$	367,308	$	433,645	$	579,247
Income attributable to:
Common unitholders	$	359,867	$	424,974	$	567,662
Weighted average units outstanding basic
Common unitholders		30,029,279		30,183,428		30,155,148
Earnings per unit basic:
Common unitholders	$	11.98	$	14.08	$	18.82
Weighted average units outstanding diluted
Common unitholders		30,029,279		30,184,388		30,156,149
Earnings per unit diluted:
Common unitholders	$	11.98	$	14.08	$	18.82
Earnings per unit distributed basic:
Common unitholders	$	0.20	$	0.20	$	0.20
Earnings per unit distributed diluted:
Common unitholders	$	0.20	$	0.20	$	0.20
Earnings per unit undistributed basic:
Common unitholders	$	11.78	$	13.88	$	18.62
Earnings per unit undistributed diluted:
Common unitholders	$	11.78	$	13.88	$	18.62

Income Taxes

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 14 – INCOME TAXES

The Republic of the Marshall Islands does not impose a tax on international shipping income. Under the laws of the Marshall Islands, Liberia, Cayman Islands, Hong Kong, Panama, British Virgin Islands and Belgium, the countries of the vessel-owning subsidiaries’ incorporation and/or redomiciliation and/or vessels’ registration, the vessel-owning subsidiaries are subject to registration and tonnage taxes, which have been included in vessel expenses in the accompanying Consolidated Statements of Operations.

In accordance with the currently applicable Greek law, foreign flagged vessels that are managed by Greek or foreign ship management companies having established an office in Greece on the basis of the applicable licensing regime are subject to tax liability towards the Greek state, which is calculated on the basis of the relevant vessel’s tonnage. A tax credit is recognized for tonnage tax (or similar tax) paid abroad, up to the amount of the tax due in Greece.

The owner, the manager and the bareboat charterer or the financial lessee (where applicable) are liable to pay the tax due to the Greek state. The payment of said tax exhausts the tax liability of the foreign ship owning company, the bareboat charterer, the financial lessee (as applicable) and the relevant manager against any tax, duty, charge or contribution payable on income from the exploitation of the foreign flagged vessel outside Greece.

We have elected to be treated and we are currently treated as a corporation for U.S. federal income tax purposes. As such, we are not subject to section 1446 as that section only applies to entities that for U.S. federal income tax purposes are characterized as partnerships.

Pursuant to Section 883 of the Internal Revenue Code of the United States, U.S. source income from the international operation of ships is generally exempt from U.S. income tax if the company operating the ships meets certain incorporation and ownership requirements. Among other things, in order to qualify for this exemption, the company operating the ships must be incorporated in a country, which grants an equivalent exemption from income taxes to U.S. corporations. All the vessel-owning subsidiaries satisfy these initial criteria.

In addition, these companies must meet an ownership test. The management of Navios Partners believes that this ownership test was satisfied prior to the IPO by virtue of a special rule applicable to situations where the ship operating companies are beneficially owned by a publicly traded company. Although not free from doubt, management also believes that the ownership test will be satisfied based on the trading volume and ownership of Navios Partners’ units, but no assurance can be given that this will remain so in the future.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
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-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 11,680
2026	3,586
2027	0
2028	0
2029	0
2030 and thereafter	0
Total	$ 15,266	$ 27,984

Transactions with Related Parties and Affiliates

12 Months Ended

Dec. 31, 2024

Transactions with Related Parties and Affiliates

NOTE 17 – TRANSACTIONS WITH RELATED PARTIES AND AFFILIATES

Vessel operating expenses: In August 2019, Navios Partners extended the duration of its Management Agreement with the Manager until January 1, 2025, with an automatic renewal for an additional five years, unless earlier terminated by either party.

Following the completion of the merger with Navios Containers, the fleet of Navios Containers is included in Navios Partners’ owned fleet and continued to be operated by the Manager pursuant to the terms of the Navios Containers’ management agreement with the Manager (the “NMCI Management Agreement”).

Following the completion of the merger with Navios Acquisition, the fleet of Navios Acquisition is included in Navios Partners’ owned fleet and continued to be operated by the Manager pursuant to the terms of Navios Acquisition’s management agreement with Navios Tankers Management Inc. (the “NNA Management Agreement” and together with the Management Agreement and the NMCI Management Agreement, the “Management Agreements”).

The Manager provided commercial and technical management services to Navios Partners’ vessels: (i) until December 31, 2022, vessel operating expenses were fixed for a daily fee of: (a) $4.48 per Ultra-Handymax vessel; (b) $4.58 per Panamax vessel; (c) $5.57 per Capesize vessel; (d) $6.28 per Containership of TEU 1,300 up to 3,400; (e) $6.40 per Containership of TEU 3,450 up to 4,999; (f) $7.11 per Containership of TEU 6,800; (g) $8.01 per Containership of TEU 8,000 up to 9,999; (h) $8.52 per Containership of TEU 10,000 up to 11,999; (i) $7.03 per MR2 and MR1 product tanker and chemical tanker vessel; (j) $7.44 per LR1 product tanker vessel; and (k) $9.94 per VLCC; (ii) until December 31, 2023, vessel operating expenses were fixed for a daily fee of: (a) $4.62 per Ultra-Handymax vessel; (b) $4.72 per Panamax vessel; (c) $5.74 per Capesize vessel; (d) $6.47 per Containership of TEU 1,300 up to 3,400; (e) $6.59 per Containership of TEU 3,450 up to 4,999; (f) $7.32 per Containership of TEU 5,000 up to 6,800; (g) $8.25 per Containership of TEU 8,000 up to 9,999; (h) $8.77 per Containership of TEU 10,000 up to 11,999; (i) $7.24 per MR2 and MR1 product tanker and chemical tanker vessel; (j) $7.67 per LR1 product tanker vessel; and (k) $10.24 per VLCC; (iii) commencing from January 1, 2024 vessel operating expenses were fixed for one year for a daily fee of: (a) $4.75 per Ultra-Handymax vessel; (b) $4.86 per Panamax vessel; (c) $5.91 per Capesize vessel; (d) $6.67 per Containership of TEU 1,300 up to 3,400; (e) $6.79 per Containership of TEU 3,450 up to 4,999; (f) $7.54 per Containership of TEU 5,000 up to 6,800; (g) $8.50 per Containership of TEU 8,000 up to 9,999; (h) $9.04 per Containership of TEU 10,000 up to 11,999; (i) $7.46 per MR2 and MR1 product tanker vessel; (j) $7.90 per LR2 and LR1 product tanker vessel; (k) $10.55 per VLCC; and (l) at cost for specialized transhipper vessels.

The Management Agreements also provided for a technical and commercial management fee of $0.05 per day per vessel and a management fee of $0.55 per day per specialized transhipper vessel and an annual increase of 3% of the fixed daily fee after January 1, 2022 for the remaining period unless agreed otherwise.

Pursuant to the acquisition of the 36-vessel drybulk fleet from Navios Holdings, which included time charter-in vessels, Navios Partners and the Manager, on July 25, 2022, amended the Management Agreement to include a technical and commercial management fee of $0.025 per time charter-in vessel per day.

The Management Agreements also provided for payment of a termination fee, equal to the fixed daily fees and other fees charged for the full calendar year preceding the termination date in the event the agreements are terminated on or before its term.

Drydocking expenses are reimbursed at cost for all vessels.

In August 2024, Navios Partners renewed its Management Agreements with the Manager commencing January 1, 2025, for a term of ten years, renewing annually (the “Master Management Agreement”), At the same time, Navios Partners renewed for a term of ten years its administrative services agreement (the “Administrative Services Agreement” and together with the Master Management Agreement the “Agreements”) The Conflicts Committee of the Board of Directors, consisting of independent

directors, negotiated and approved the Agreements with the advice of Watson Farley & Williams LLP as legal advisor and KPMG Advisors Single Member S.A. (a member firm of the KPMG global organization of independent member firms) as financial advisor.

The Master Management Agreement provides for technical and commercial management and related specialized services based on fee structure, including: (i) a technical management fee of $0.95 per day per owned vessel; (ii) a commercial management fee of 1.25% on revenues; (iii) an S&P fee of 1% on purchase or sales price; and (iv) fees for other specialized services (e.g. supervision of newbuilding vessels). Fixed fees will be adjusted annually for United States Consumer Price Index. The Master Management Agreement also allows for fixed incentive awards if equity returns exceed certain thresholds, as identified in such agreement, upon the unanimous consent of the Board of Directors of Navios Partners. The Master Management Agreement also provides for payment of a termination fee, which is equal to the net present value of the technical and commercial management fees charged for the most recent calendar year, as set forth in the latest audited annual financial statements for the number of years remaining for the Master Management Agreement, using a 6% discount rate.

During the years ended December 31, 2024, 2023 and 2022, certain extraordinary fees and costs related to vessels’ regulatory requirements, including ballast water treatment system installation, exhaust gas cleaning system installation and other improvements under the Management Agreements, amounted to $31,995, $57,166 and $18,901, respectively, and are presented under the caption “Acquisition of/ additions to vessels” in the Consolidated Statements of Cash Flows.

During the years ended December 31, 2024, 2023 and 2022, additional remuneration in accordance with the Management Agreements amounted to $4,141, $4,730 and $3,479, respectively, related to superintendent attendances and claims preparation and are presented under the captions of “Direct vessel expenses” in the Consolidated Statements of Operations, “Vessels, net”, “Deferred dry dock and special survey costs, net” and “Prepaid expenses and other current assets” in the Consolidated Balance Sheets.

During the years ended December 31, 2024, 2023 and 2022, certain extraordinary crewing fees and costs amounted to $322, $3,047 and $11,262, respectively, and are presented under the caption of “Direct vessel expenses” in the Consolidated Statements of Operations.

Total vessel operating expenses for each of the years ended December 31, 2024, 2023 and 2022 amounted to $349,160, $331,653 and $312,022, respectively.

General and administrative expenses: 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 allocable general and administrative costs and expenses incurred in connection with the provision of these services. In August 2019, Navios Partners extended the duration of its agreement with the Manager until January 1, 2025. The agreement also provides for payment of a termination fee, which is equal to the fees charged for the full calendar year preceding the termination date in the event the agreement is terminated on or before its term.

In August 2024, Navios Partners renewed its administrative services agreement commencing January 1, 2025, for a term of ten years, renewing annually (the “Administrative Services Agreement”). The Conflicts Committee of the Board of Directors, consisting of independent directors, negotiated and approved the Agreement with the advice of Watson Farley & Williams LLP as legal advisor and KPMG Advisors Single Member S.A. (a member firm of the KPMG global organization of independent member firms) as financial advisor. The Administrative Services Agreement provides for reimbursement of allocable general and administrative costs. The Administrative Services Agreement also provides for payment of a termination fee, which is equal to the costs charged for the most recent calendar year, as set forth in the latest audited annual financial statements.

During the years ended December 31, 2024 and 2023, allocable general and administrative costs recorded under the captions “Deposits for vessels acquisitions” and “Other long-term assets” in the Consolidated Balance Sheets, amounted to $9,925 and $7,425, respectively, (see Note 2(j) – Summary of significant accounting policies).

Total general and administrative expenses charged by the Manager for each of the years ended December 31, 2024, 2023 and 2022 amounted to $63,776, $59,946 and $50,190, respectively.

Balance due from/ (to) related parties: Balance due from/ (to) Manager, short-term as of December 31, 2024 and December 31, 2023 amounted to $34,089 and $(32,026), respectively. Balance due from Manager, long-term as of December 31, 2024 and December 31, 2023 amounted to $0 and $39,570, respectively. The balances mainly consisted of administrative expenses, drydocking, extraordinary fees and costs related to regulatory requirements including ballast water treatment system, other expenses, as well as fixed vessel operating expenses, in accordance with the Management Agreements and are presented under the captions “Amounts due from related parties” and “Amounts due to related parties” in the Consolidated Balance Sheets.

In October 2023, Navios Partners entered into a time charter agreement with a subsidiary of its affiliate Navios South American Logistics Inc. for the Navios Vega, a 2009-built transhipper vessel. The vessel was delivered during the first quarter of 2024. The term of this time charter agreement is approximately five years, at a rate of $25.8 per day and for the year ended December 31, 2024, the amount of $8,067 is presented under the caption “Time charter and voyage revenues” in the Consolidated Statements of Operations. In accordance with an addendum to the time charter agreement, dated in March 2025, the daily rate was amended as follows: (a) $14.0 per day, effective from January 1, 2025, through December 31, 2026; (b) $38.8 per day effective from January 1, 2027, through December 31, 2028; and (c) $25.8 per day effective from January 1, 2029, until termination. This transaction was negotiated with, and unanimously approved by, the conflicts committee of Navios Partners. As of December 31, 2024, balance due from the above mentioned related party company amounted to $2,531, is presented under the caption “Amounts due from related parties” in the Consolidated Balance Sheets and has been received in March 2025.

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 Holdings generally agreed not to acquire or own Panamax or Capesize drybulk carriers under time charters of three or more years without consent as required under such agreement. The Omnibus Agreement, however, contains significant exceptions that allow Navios Holdings or any of its affiliates to acquire or own these drybulk carriers.

In December 2024, the Company completed the sale of two entities to an entity affiliated with the Company’s Chairwoman and Chief Executive Officer, Angeliki Frangou, for a nominal consideration.

During the fourth quarter of 2023, the Company completed the sale of four entities to an entity affiliated with the Company’s Chairwoman and Chief Executive Officer, Angeliki Frangou, in consideration of nominal par value for the outstanding stock.

General partner: Olympos Maritime Ltd., an entity affiliated to the Company's Chairwoman and Chief Executive Officer, Angeliki Frangou, is the holder of Navios Partners’ general partner interest.

Acquisition of vessels:

2022

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

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-Publisher FASB
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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+ Details

Leases - Operating Leases (Details) - Operating Leases [Member] - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
2025	$ 38,362
2026	38,251
2027	37,463
2028	36,981
2029	35,756
2030 and thereafter	113,679
Total	300,492
Operating lease liabilities, including current portion	240,602	$ 270,738
Discount based on incremental borrowing rate	$ 59,890

Acquisition of Navios Acquisition - Lease Future Amortization Income (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Total	$ (15,266)	$ (27,984)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Borrowings - Financial Liabilities (Narrative III) (Details Narrative) - USD ($) $ in Thousands	2 Months Ended	4 Months Ended	9 Months Ended	12 Months Ended
	Mar. 13, 2020	Apr. 30, 2018	Sep. 30, 2022	Dec. 31, 2024	Dec. 31, 2023	Jul. 31, 2022	Feb. 28, 2022	Dec. 31, 2021	Nov. 30, 2021	Feb. 29, 2020	Nov. 30, 2019	Aug. 31, 2019	Mar. 31, 2018
Restructuring Cost and Reserve [Line Items]
Finance Lease, Liability				$ 325,784	$ 468,414
Upon completion of the NMCI Merger [member] \| Minsheg Financial Leasing Co. Ltd $119,060 [Member]
Restructuring Cost and Reserve [Line Items]
Sale Leaseback Transaction, Date				March 11, 2020
Proceeds from Issuance of Debt	$ 119,060
Finance Lease, Liability				$ 43,594
Discount	$ 1,191
Maturity date				March 2027
Debt Instrument, Description of Variable Rate Basis				Term SOFR
Debt Instrument, Basis Spread on Variable Rate				2.25%
Sale and Leaseback Transaction Description				to refinance the existing credit facilities of two 8,204 TEU containerships and two 10,000 TEU containerships.
Prepayment of Sale and Leaseback Transaction			$ 24,642
Upon Acquisition Of Navios Acquisition [Member] \| Sale and Leaseback Agreements $71,500 [Member]
Restructuring Cost and Reserve [Line Items]
Sale Leaseback Transaction, Date				March 31, 2018
Finance Lease, Liability				$ 31,281									$ 71,500
Vessels financed				four product tankers
Proceeds from Lines of Credit		$ 71,500
Maturity date				April 2029
Debt Instrument, Description of Variable Rate Basis				Term SOFR
Debt Instrument, Basis Spread on Variable Rate				1.90%
Upon Acquisition Of Navios Acquisition [Member] \| Sale and Leaseback Agreements $15,000 [Member]
Restructuring Cost and Reserve [Line Items]
Sale Leaseback Transaction, Date				August 2019
Finance Lease, Liability												$ 15,000
Vessels financed				one product tanker
Debt Instrument, Description of Variable Rate Basis				Term SOFR
Debt Instrument, Basis Spread on Variable Rate				4.00%
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Sale and Leaseback Agreements $33,000 [Member]
Restructuring Cost and Reserve [Line Items]
Sale Leaseback Transaction, Date				November 2019
Finance Lease, Liability				$ 19,563							$ 33,000
Vessels financed				a Capesize vessel
Maturity date				first quarter of 2032
Debt Instrument, Description of Variable Rate Basis				Term SOFR
Debt Instrument, Basis Spread on Variable Rate				2.11%
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Sale and Leaseback Agreements $35,000 [Member]
Restructuring Cost and Reserve [Line Items]
Sale Leaseback Transaction, Date				February 2020
Finance Lease, Liability				$ 21,205						$ 35,000
Vessels financed				a Capesize vessel
Maturity date				first quarter of 2032
Debt Instrument, Description of Variable Rate Basis				Term SOFR
Debt Instrument, Basis Spread on Variable Rate				2.11%
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Sale and Leaseback Agreements $19,000 - November 2021 [Member]
Restructuring Cost and Reserve [Line Items]
Sale Leaseback Transaction, Date				November 2021
Finance Lease, Liability				$ 13,849					$ 19,000
Vessels financed				a Capesize vessel
Maturity date				fourth quarter of 2029
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Sale and Leaseback Agreements $19,000 - December 2021 I [Member]
Restructuring Cost and Reserve [Line Items]
Sale Leaseback Transaction, Date				December 2021
Finance Lease, Liability				$ 13,738				$ 19,000
Vessels financed				a Capesize vessel
Maturity date				fourth quarter of 2029
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Sale and Leaseback Agreements $19,000 - December 2021 II [Member]
Restructuring Cost and Reserve [Line Items]
Sale Leaseback Transaction, Date				December 2021
Finance Lease, Liability				$ 11,286				19,000
Vessels financed				a Capesize vessel
Maturity date				first quarter of 2029
Debt Instrument, Description of Variable Rate Basis				Term SOFR
Debt Instrument, Basis Spread on Variable Rate				2.11%
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Sale and Leaseback Agreements $20,000 [Member]
Restructuring Cost and Reserve [Line Items]
Sale Leaseback Transaction, Date				December 2021
Finance Lease, Liability				$ 11,521				$ 20,000
Vessels financed				a Capesize vessel
Maturity date				fourth quarter of 2027
Debt Instrument, Description of Variable Rate Basis				Term SOFR
Debt Instrument, Basis Spread on Variable Rate				3.11%
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Sale and Leaseback Agreements $12,000 [Member]
Restructuring Cost and Reserve [Line Items]
Sale Leaseback Transaction, Date				February 2022
Finance Lease, Liability				$ 6,502			$ 12,000
Vessels financed				a Panamax vessel
Maturity date				first quarter of 2027
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Sale and Leaseback Agreements $22,000 [Member]
Restructuring Cost and Reserve [Line Items]
Sale Leaseback Transaction, Date				July 2022
Finance Lease, Liability				$ 17,250		$ 22,000
Vessels financed				a Panamax vessel
Maturity date				third quarter of 2032
Debt Instrument, Description of Variable Rate Basis				Term SOFR
Debt Instrument, Basis Spread on Variable Rate				1.66%

Prepaid Expenses And Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid voyage costs	$ 5,574	$ 7,350
Inventories	32,793	37,566
Claims receivable	5,719	8,507
Other	16,808	7,913
Total prepaid expenses and other current assets	$ 60,894	$ 61,336

Commitments and Contingencies - Future minimum contractual obligations (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2025	$ 1,025
2026	6,932
2027	17,574
2028	18,666
2029	18,615
2030 and thereafter	123,483
Total	$ 186,295

Fair value of financial instruments (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

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


	December 31, 2024						December 31, 2023
	Book Value			Fair Value			Book Value			Fair Value
Cash and cash equivalents	$	270,166		$	270,166		$	240,378		$	240,378
Restricted cash	$	29,623		$	29,623		$	8,797		$	8,797
Other investments	$	12,289		$	12,289		$	47,000		$	47,000
Amounts due from related parties, short-term	$	36,620		$	36,620		$	—		$	—
Amounts due from related parties, long-term	$	—		$	—		$	39,570		$	39,570
Amounts due to related parties, short-term	$	—		$	—		$	(32,026	)	$	(32,026	)
Credit facilities and financial liabilities, including current portion, net	$	(1,803,153	)	$	(1,827,384	)	$	(1,393,049	)	$	(1,410,563	)

Fair Value Measurements - Fair value measurements on a Nonrecurring basis

Level III: Inputs that are unobservable. The Company did not use any Level III inputs as of December 31, 2024.


	Fair Value Measurements as at December 31, 2024
	Total			Level I		Level II			Level III
Cash and cash equivalents	$	270,166		$	270,166	$	—		$	—
Restricted cash	$	29,623		$	29,623	$	—		$	—
Other investments	$	12,289		$	12,289	$	—		$	—
Amounts due from related parties, short-term	$	36,620		$	—	$	36,620		$	—
Credit facilities and financial liabilities, including current portion, net (1)	$	(1,827,384	)	$	—	$	(1,827,384	)	$	—


	Fair Value Measurements as at December 31, 2023
	Total			Level I		Level II			Level III
Cash and cash equivalents	$	240,378		$	240,378	$	—		$	—
Restricted cash	$	8,797		$	8,797	$	—		$	—
Other investments	$	47,000		$	47,000	$	—		$	—
Amounts due from related parties, long-term	$	39,570		$	—	$	39,570		$	—
Amounts due to related parties, short-term	$	(32,026	)	$	—	$	(32,026	)	$	—
Credit facilities and financial liabilities, including current portion, net (1)	$	(1,410,563	)	$	—	$	(1,410,563	)	$	—

Fair Value Measurements - Fair value of assets measured at fair value on a non-recurring basis


	Fair Value Measurements as at December 31, 2024
	Total		Level I		Level II		Level III
Vessels, net	$	21,250	$	—	$	21,250	$	—


	Fair Value Measurements as at June 30, 2024
	Total		Level I		Level II		Level III
Vessels, net	$	25,510	$	—	$	25,510	$	—


	Fair Value Measurements as at December 31, 2023
	Total		Level I		Level II		Level III
Operating leases	$	3,595	$	—	$	—	$	3,595

Acquisition of Navios Containers - Acquired finite lived intangible liability (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Unfavorable lease terms	$ (15,266)	$ (27,984)

Accrued expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Accrued Expenses
Accrued voyage expenses	$ 17,731	$ 10,641
Accrued loan interest	7,944	7,420
Accrued legal and professional fees	8,190	5,547
Total accrued expenses	$ 33,865	$ 23,608

Accounts receivable, net

12 Months Ended

Dec. 31, 2024

Accounts Receivable Net

Accounts receivable, net

NOTE 4 – ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consist of the following:


	December 31, 2024		December 31, 2023
Accounts receivable	$	33,399	$	42,237
Less: Allowance for credit losses		—		—
Accounts receivable, net	$	33,399	$	42,237

Charges to provisions for credit losses are summarized as follows:


Allowance for credit losses	Balance at beginning of period			Charges to costs and expenses		Amount utilized		Balance at end of period
Year ended December 31, 2024	$	—		$	—	$	—	$	—
Year ended December 31, 2023	$	(2,990	)	$	—	$	2,990	$	—
Year ended December 31, 2022	$	(2,990	)	$	—	$	—	$	(2,990	)

Concentration of credit risk with respect to accounts receivable is limited due to the Company’s large number of customers, who are internationally dispersed and have a variety of end markets in which they sell. Due to these factors, management believes that no additional credit risk beyond amounts provided for collection losses is inherent in the Company’s trade receivables. For the year ended December 31, 2024, only one customer accounted for 10.0% or more of the Company’s total revenues and represented approximately 11.3% of the Company’s total revenues. For the years ended December 31, 2023 and 2022, no customer accounted for 10.0% or more of the Company’s total revenues.

Future Minimum Non-cancellable Contractual Revenue - Operating Lease, payments to be received (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Leases [Abstract]
2025	$ 768,697
2026	515,166
2027	340,070
2028	247,171
2029	136,906
2030 and thereafter	29,843
Total	$ 2,037,853

Cash and cash equivalents and restricted cash (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 270,166	$ 240,378
Restricted cash	29,623	8,797
Total cash and cash equivalents and restricted cash	$ 299,789	$ 249,175	$ 175,098	$ 169,446

Borrowings - Finance Lease Liabilities (Narrative II) (Details Narrative) $ in Thousands						7 Months Ended	8 Months Ended		9 Months Ended	10 Months Ended	11 Months Ended		12 Months Ended
	Jun. 21, 2023 Capacity	Apr. 27, 2023 Capacity	Mar. 29, 2023 Capacity	Mar. 06, 2023 Capacity	Feb. 05, 2023 Capacity	Jul. 27, 2022 Capacity	Aug. 31, 2023 Capacity	Sep. 13, 2022 Capacity	Sep. 21, 2022 Capacity	Nov. 09, 2023 Capacity	Dec. 14, 2022 Capacity	Nov. 17, 2022 Capacity	Dec. 31, 2024 USD ($) Capacity	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jul. 29, 2022 USD ($)
Sale Leaseback Transaction [Line Items]
Vessel year built	2023	2023	2023	2016	2023	2022	2019	2022	2022	2023	2016	2022	2024
Vessel type	Capesize	Capesize	Capesize	Capesize	Kamsarmax	Kamsarmax		Capesize	Capesize		Kamsarmax	Capesize
Vessel capacity in DWT \| Capacity	182,212	182,169	182,115	181,221	82,010	82,003	81,692	182,393	182,079	5,300	84,852	182,064	5,300
Finance Lease, Liability													$ 325,784	$ 468,414
Finance Lease, Interest Expense													28,602	30,313	$ 12,243
Payments related to finance lease liabilities													$ 25,672	$ 26,172	$ 10,389
Debt Instrument, Covenant Description													The Company’s credit facilities and certain financial liabilities also require compliance with a number of financial covenants, including: (i) maintain a required security ranging over 110% to 140%; (ii) minimum free consolidated liquidity in an amount equal to $500 per owned vessel and a number of vessels as defined in the Company’s credit facilities and financial liabilities; (iii) maintain a ratio of EBITDA to interest expense of at least 2.00:1.00; (iv) maintain a ratio of total liabilities or total debt to total assets (as defined in the Company’s credit facilities and financial liabilities) ranging from less than 0.75 to 0.80; and (v) maintain a minimum net worth of $135,000.
Debt Instrument, Covenant Compliance													As of December 31, 2024, Navios Partners was in compliance with the financial covenants and/or the prepayments and/or the cure provisions, as applicable, in each of its credit facilities and certain financial liabilities.
Long-Term Debt, Weighted Average Interest Rate, at Point in Time													6.90%	7.20%	5.30%
Finance Lease Liabilities [Member] \| Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Navios Felicity I [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built													2020
Vessel type													Kamsarmax
Vessel capacity in DWT \| Capacity													81,962
Term of Contract													seven-year
Finance Lease, Liability													$ 15,103			$ 17,473
Lessee, Finance Lease, Discount Rate													6.00%
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions													repayable in five years
Finance Lease Liabilities [Member] \| Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Navios Herakles I [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built													2019
Vessel type													Kamsarmax
Vessel capacity in DWT \| Capacity													82,036
Term of Contract													seven-year
Finance Lease, Liability													$ 15,211			$ 17,791
Lessee, Finance Lease, Discount Rate													6.00%
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions													repayable in five years
Finance Lease Liabilities [Member] \| Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Navios Coral [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built													2016
Vessel type													Kamsarmax
Vessel capacity in DWT \| Capacity													84,904
Term of Contract													three-year
Lessee, Finance Lease, Discount Rate													6.00%
Decrease in finance lease liability													$ 636
Finance Lease Liabilities [Member] \| Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Navios Amber [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built													2015
Vessel type													Kamsarmax
Vessel capacity in DWT \| Capacity													80,909
Term of Contract													one-year
Lessee, Finance Lease, Discount Rate													6.00%
Date of delivery													July 29, 2022
Increase in finance lease liability													$ 592
Finance Lease Liabilities [Member] \| Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Navios Citrine [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built													2017
Vessel type													Kamsarmax
Vessel capacity in DWT \| Capacity													81,626
Term of Contract													three-year
Lessee, Finance Lease, Discount Rate													6.00%
Decrease in finance lease liability													$ 969
Finance Lease Liabilities [Member] \| Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member] \| Navios Dolphin [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built													2017
Vessel type													Kamsarmax
Vessel capacity in DWT \| Capacity													81,630
Term of Contract													three-year
Lessee, Finance Lease, Discount Rate													6.00%
Decrease in finance lease liability													$ 1,024

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
OPERATING ACTIVITIES:
Net income	$ 367,308	$ 433,645	$ 579,247
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangible assets	228,472	217,823	201,820
Amortization of unfavorable lease terms	(12,718)	(19,922)	(74,963)
Non-cash amortization of deferred revenue and straight line	(7,006)	54,396	51,048
Amortization of operating lease assets/liabilities	(2,973)	8,918	3,912
Amortization and write-off of deferred finance costs and discount	7,841	7,188	5,349
Amortization of deferred dry dock and special survey costs	63,605	43,321	28,917
Gain on sale of vessels, net	(25,760)	(50,248)	(149,352)
Stock-based compensation	0	4	154
Changes in operating assets and liabilities:
Decrease/ (increase) in accounts receivable	8,838	32,793	(46,559)
Decrease/ (increase) in prepaid expenses and other current assets	8,992	7,609	(20,952)
Decrease/ (increase) in amounts due from related parties (including current and non-current portion)	3,627	1,156	(6,158)
(Decrease)/ increase in accounts payable	(7,728)	(1,629)	3,401
Increase/ (decrease) in accrued expenses	1,199	7,559	(1,719)
Decrease in amounts due to related parties	(32,006)	(72,725)	(13,429)
Increase/ (decrease) in deferred revenue	929	(8,284)	11,492
Payments for dry dock and special survey costs	(119,142)	(101,287)	(65,868)
Net cash provided by operating activities	483,478	560,317	506,340
INVESTING ACTIVITIES:
Net cash proceeds from sale of vessels	190,293	259,004	284,476
Acquisition of/ additions to vessels	(747,023)	(182,898)	(433,777)
Deposits for acquisition/ option to acquire vessel	(260,108)	(282,121)	(176,802)
Cash acquired from acquisitions	0	0	9,862
Other investments	34,712	(47,000)	0
Net cash used in investing activities	(782,126)	(253,015)	(316,241)
FINANCING ACTIVITIES:
Cash distributions paid	(6,132)	(6,160)	(6,163)
Proceeds from long-term debt and financial liabilities	966,141	609,723	479,735
Repayment of long-term debt and financial liabilities	(574,991)	(822,743)	(651,875)
Payments of deferred finance costs	(10,756)	(14,045)	(6,144)
Acquisition of treasury units	(25,000)	0	0
Net cash provided by/ (used in) financing activities	349,262	(233,225)	(184,447)
Increase in cash, cash equivalents and restricted cash	50,614	74,077	5,652
Cash, cash equivalents and restricted cash, beginning of period	249,175	175,098	169,446
Cash, cash equivalents and restricted cash, end of period	299,789	249,175	175,098
Supplemental disclosures of cash flow information
Cash interest paid	139,261	144,388	80,626
Non cash financing activities
Stock-based compensation	0	4	154
Financial and finance lease liabilities	27,463	202,373	756,673
Non cash investing activities
Deposits for acquisition/ option to acquire vessel	245,665	20,188	(6,860)
Acquisition of vessels	$ (318,926)	$ (249,875)	$ (782,334)

Acquisition of Navios Containers - Lease Future Amortization Income (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Total	$ (15,266)	$ (27,984)

Borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Borrowings

Borrowings as of December 31, 2024 and December 31, 2023 consisted of the following:


	December 31, 2024			December 31, 2023
Credit facilities	$	1,096,178		$	908,288
Financial liabilities		731,206			502,275
Finance lease liabilities		325,784			468,414
Total borrowings	$	2,153,168		$	1,878,977
Less: Current portion of long-term borrowings, net		(266,222	)		(285,036	)
Less: Deferred finance costs, net		(24,231	)		(17,514	)
Long-term borrowings, net	$	1,862,715		$	1,576,427

Borrowings - Maturity of Long Term Debt


Period	Amount
2025	$	272,035
2026		345,207
2027		283,352
2028		293,736
2029		241,480
2030 and thereafter		717,358
Total	$	2,153,168

Acquisition of Navios Acquisition - Acquired finite lived intangible liability (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Unfavorable lease terms	$ (15,266)	$ (27,984)

Vessels, Net (Details Narrative)							1 Months Ended	2 Months Ended	7 Months Ended	8 Months Ended			9 Months Ended	10 Months Ended		11 Months Ended		12 Months Ended
Vessels, Net (Details Narrative)	Dec. 27, 2024 USD ($)	Jun. 21, 2023 USD ($) Capacity	Apr. 27, 2023 USD ($) Capacity	Mar. 29, 2023 USD ($) Capacity	Mar. 06, 2023 USD ($) Capacity	Feb. 05, 2023 USD ($) Capacity	Jun. 30, 2024 USD ($) Capacity	Mar. 06, 2023 USD ($)	Jul. 27, 2022 USD ($) Capacity	Aug. 31, 2023 USD ($) Capacity	Sep. 13, 2022 USD ($) Capacity	Sep. 08, 2022 USD ($)	Sep. 21, 2022 USD ($) Capacity	Nov. 09, 2023 USD ($) Capacity	Oct. 16, 2023 USD ($)	Dec. 14, 2022 USD ($) Capacity	Nov. 17, 2022 USD ($) Capacity	Dec. 31, 2024 USD ($) Vessel Capacity	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) Vessel	Feb. 28, 2023 Vessel	Jan. 31, 2023 Vessel	Jul. 29, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Payments for Capital Improvements																		$ 747,023,000	$ 182,898,000	$ 433,777,000
Vessel year built		2023	2023	2023	2016	2023			2022	2019	2022		2022	2023		2016	2022	2024
Vessel capacity in DWT \| Capacity		182,212	182,169	182,115	181,221	82,010			82,003	81,692	182,393		182,079	5,300		84,852	182,064	5,300
Additions						$ 35,605,000								$ 66,733,000
Finance Lease, Right-of-Use Asset, before Accumulated Amortization		$ 64,600,000	$ 50,890,000	$ 46,146,000						$ 27,561,000	$ 55,804,000		$ 44,254,000				$ 44,753,000
Payments to Acquire Property, Plant, and Equipment															$ 28,127,000
Property, Plant and Equipment, Transfers and Changes								$ 53,232,000							$ 27,555,000			$ 164,398,000
Vessel type		Capesize	Capesize	Capesize	Capesize	Kamsarmax			Kamsarmax		Capesize		Capesize			Kamsarmax	Capesize
Capitalized expenses		$ 2,574,000	$ 2,579,000	$ 3,028,000	$ 1,600,000	$ 1,305,000		$ 1,600,000	$ 986,000							$ 243,000		1,166,000		$ 16,745,000
Number of vessels acquired \| Vessel																				3
Proceeds from Sale of Property, Plant, and Equipment																		190,293,000	259,004,000	$ 284,476,000
Gain (Loss) on Disposition of Property Plant Equipment																		25,760,000	50,248,000	149,352,000
Property, Plant and Equipment, Net																		4,241,292,000	3,734,671,000
Asset Impairment Charges																			0	7,913
Number of vessels sold \| Vessel																					4	4
Vessels [Member]
Property, Plant and Equipment [Line Items]
Payments for Capital Improvements																		$ 32,013,000	58,766,000	18,901,000
20244-built vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels delivered \| Vessel																		12
TEU Containerships [Member]
Property, Plant and Equipment [Line Items]
Vessel type																		Containerships
Number of vessels delivered \| Vessel																		9
Aframax/ LR2 Tanker Vessels [Member]
Property, Plant and Equipment [Line Items]
Vessel type																		Aframax/LR2
Number of vessels delivered \| Vessel																		3
Containerships and Aframax/LR2 Tanker Vessels [Member]
Property, Plant and Equipment [Line Items]
Capitalized expenses																		$ 68,893,000
Nine 5,300 TEU Containerships and Three Aframax/LR2 Tanker Vessels [Member]
Property, Plant and Equipment [Line Items]
Additions																		816,167,000
2022-Built Kamsarmax Vessel [Member]
Property, Plant and Equipment [Line Items]
Additions									$ 32,566,000
2016-Built Kamsarmax Vessel [Member]
Property, Plant and Equipment [Line Items]
Additions																$ 27,493,000
Four Kamsarmax Vessels [Member]
Property, Plant and Equipment [Line Items]
Additions																		$ 117,825,000
2016-Built Scrubbet Fitted Capesize Vessel [Member]
Property, Plant and Equipment [Line Items]
Payments to Acquire Property, Plant, and Equipment					$ 42,879,000
Kamsarmax Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels delivered \| Vessel																		4
Navios Carol [Member]
Property, Plant and Equipment [Line Items]
Finance Lease, Right-of-Use Asset, before Accumulated Amortization							$ 27,463,000
Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member]
Property, Plant and Equipment [Line Items]
Finance Lease, Right-of-Use Asset, before Accumulated Amortization																							$ 389,436,000
Owned vessels [Member]
Property, Plant and Equipment [Line Items]
Additions												$ 588,939,000
Fifteen vessels sold [Member]
Property, Plant and Equipment [Line Items]
Proceeds from Sale of Property, Plant, and Equipment																			259,004,000
Gain (Loss) on Disposition of Property Plant Equipment																			53,032,000
Dry dock and special survey costs, net																			$ 12,033,000
Six vessels sold [Member]
Property, Plant and Equipment [Line Items]
Proceeds from Sale of Property, Plant, and Equipment																				270,511,000
Dry dock and special survey costs, net																				7,653,000
Property, Plant and Equipment, Net																				113,246,000
Navious Partners Third Party [Member]
Property, Plant and Equipment [Line Items]
Vessel type																		Kamsarmax
Navios Venus [Member]
Property, Plant and Equipment [Line Items]
Vessel year built							2015
Vessel capacity in DWT \| Capacity							61,339
Additions	$ 26,683,000
Property, Plant and Equipment, Transfers and Changes	27,954,000
Vessel type							Ultra-Handymax
Capitalized expenses	$ 1,333,000
Ten Vessels Sold [Member]
Property, Plant and Equipment [Line Items]
Proceeds from Sale of Property, Plant, and Equipment																		$ 190,293,000
Gain (Loss) on Disposition of Property Plant Equipment																		42,859,000
Dry dock and special survey costs, net																		5,275,000
Dry Bulk Vessels [Member]
Property, Plant and Equipment [Line Items]
Asset Impairment Charges																		$ 17,099,000
Vessels Agreed To Be Sold [Member]
Property, Plant and Equipment [Line Items]
Proceeds from Sale of Property, Plant, and Equipment																				107,250,000
Gain (Loss) on Disposition of Property Plant Equipment																				149,352,000
Asset Impairment Charges																				$ 7,913,000

Borrowings - Finance Lease Liabilities (Details Narrative) $ in Thousands						1 Months Ended	3 Months Ended	4 Months Ended	6 Months Ended	7 Months Ended	8 Months Ended		9 Months Ended	10 Months Ended	11 Months Ended		12 Months Ended
	Jun. 21, 2023 Capacity	Apr. 27, 2023 Capacity	Mar. 29, 2023 Capacity	Mar. 06, 2023 Capacity	Feb. 05, 2023 Capacity	Jun. 30, 2024 Capacity	Mar. 29, 2023 Capacity	Apr. 27, 2023 Capacity	Jun. 21, 2023 Capacity	Jul. 27, 2022 Capacity	Aug. 31, 2023 Capacity	Sep. 13, 2022 USD ($) Capacity	Sep. 21, 2022 Capacity	Nov. 09, 2023 Capacity	Dec. 14, 2022 Capacity	Nov. 17, 2022 Capacity	Dec. 31, 2024 USD ($) Capacity	Dec. 31, 2023 USD ($)	Jul. 29, 2022 USD ($)
Sale Leaseback Transaction [Line Items]
Vessel year built	2023	2023	2023	2016	2023					2022	2019	2022	2022	2023	2016	2022	2024
Vessel type	Capesize	Capesize	Capesize	Capesize	Kamsarmax					Kamsarmax		Capesize	Capesize		Kamsarmax	Capesize
Vessel capacity in DWT	182,212	182,169	182,115	181,221	82,010					82,003	81,692	182,393	182,079	5,300	84,852	182,064	5,300
Finance Lease, Liability \| $																	$ 325,784	$ 468,414
Navios Venus [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built						2015
Vessel type						Ultra-Handymax
Vessel capacity in DWT						61,339
Finance Lease Liabilities [Member] \| Navios Venus [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built						2015
Vessel type						Ultra-Handymax
Vessel capacity in DWT						61,339
Lessee, Finance Lease, Discount Rate						6.00%
Finance Lease Liabilities [Member] \| Navios Azalea [member]
Sale Leaseback Transaction [Line Items]
Date of delivery																	November 17, 2022
Vessel year built																	2022
Vessel type																	Capesize
Vessel capacity in DWT																	182,064
Term of Contract																	15-year
Lessee, Finance Lease, Discount Rate																	7.00%
Finance Lease, Liability \| $																	$ 37,147
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions																	repayable in 13 years
Finance Lease Liabilities [Member] \| Navios Armonia [member]
Sale Leaseback Transaction [Line Items]
Date of delivery																	September 21, 2022
Vessel year built																	2022
Vessel type																	Capesize
Vessel capacity in DWT																	182,079
Term of Contract																	15-year
Lessee, Finance Lease, Discount Rate																	7.00%
Finance Lease, Liability \| $																	$ 36,893
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions																	repayable in 13 years
Finance Lease Liabilities [Member] \| Navios Astra [member]
Sale Leaseback Transaction [Line Items]
Date of delivery																	September 13, 2022
Vessel year built																	2022
Vessel type																	Capesize
Vessel capacity in DWT																	182,393
Term of Contract																	10-year
Lessee, Finance Lease, Discount Rate																	7.00%
Finance Lease, Liability \| $												$ 42,781					$ 37,134
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions																	repayable in eight years
Finance Lease Liabilities [Member] \| Navios Altair [member]
Sale Leaseback Transaction [Line Items]
Vessel year built							2023
Vessel type							Capesize
Vessel capacity in DWT							182,115
Term of Contract			15-year				15-year
Lessee, Finance Lease, Discount Rate			6.50%				6.50%
Finance Lease, Liability \| $																	$ 38,704
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions							repayable in 14 years
Finance Lease Liabilities [Member] \| Navios Sakura [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built								2023
Vessel type								Capesize
Vessel capacity in DWT								182,169
Term of Contract		15-year						15-year
Lessee, Finance Lease, Discount Rate		5.50%						5.50%
Finance Lease, Liability \| $																	43,077
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions								repayable in 14 years.
Finance Lease Liabilities [Member] \| Navios Amenthyst [member]
Sale Leaseback Transaction [Line Items]
Vessel year built									2023
Vessel type									Capesize
Vessel capacity in DWT									182,212
Term of Contract	15-year								15-year
Lessee, Finance Lease, Discount Rate	5.40%								5.40%
Finance Lease, Liability \| $																	$ 56,735
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions									repayable in 14 years
Finance Lease Liabilities [Member] \| Navios Magellan II [Member] \| Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built																	2020
Vessel type																	Kamsarmax
Vessel capacity in DWT																	82,037
Term of Contract																	eight-year
Lessee, Finance Lease, Discount Rate																	6.00%
Finance Lease, Liability \| $																	$ 16,709		$ 19,385
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions																	repayable in six years
Finance Lease Liabilities [Member] \| Navios Galaxy II [Member] \| Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built																	2020
Vessel type																	Kamsarmax
Vessel capacity in DWT																	81,789
Term of Contract																	eight-year
Lessee, Finance Lease, Discount Rate																	6.00%
Finance Lease, Liability \| $																	$ 14,568		17,702
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions																	repayable in six years
Finance Lease Liabilities [Member] \| Navios Uranus [Member] \| Upon Acquisition of 36-vessel drybulk fleet from Navios Holdings [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built																	2019
Vessel type																	Kamsarmax
Vessel capacity in DWT																	81,821
Term of Contract																	seven-year
Lessee, Finance Lease, Discount Rate																	6.00%
Finance Lease, Liability \| $																	$ 14,503		$ 17,607
Lessee, Finance Lease, Variable Lease Payment, Terms and Conditions																	repayable in five years

Accounts Payable (Tables)

12 Months Ended

Dec. 31, 2024

Accounts Payable

Accounts payable


	December 31, 2024		December 31, 2023
Creditors	$	9,635	$	17,097
Brokers		7,323		6,918
Professional and legal fees		805		1,473
Total accounts payable	$	17,763	$	25,488

Borrowings - Financial Liabilities (Narrative I) (Details Narrative) $ in Thousands						1 Months Ended					2 Months Ended	7 Months Ended	8 Months Ended		9 Months Ended	10 Months Ended	11 Months Ended		12 Months Ended
	Jun. 21, 2023 Capacity	Apr. 27, 2023 Capacity	Mar. 29, 2023 Capacity	Mar. 06, 2023 Capacity	Feb. 05, 2023 Capacity	Nov. 30, 2024 USD ($) Vessel capacity in DWT	Feb. 29, 2024 USD ($) Vessel capacity in DWT	Jan. 31, 2024 USD ($) Vessel capacity in DWT	Nov. 30, 2023 USD ($) Vessel capacity in DWT	May 31, 2023 USD ($) Vessel capacity in DWT	Feb. 28, 2023 USD ($) Vessel	Jul. 27, 2022 Capacity	Aug. 31, 2023 Capacity	Sep. 13, 2022 Capacity	Sep. 21, 2022 Capacity	Nov. 09, 2023 Capacity	Dec. 14, 2022 Capacity	Nov. 17, 2022 Capacity	Dec. 31, 2024 USD ($) Vessel capacity in DWT Capacity	Dec. 31, 2023 USD ($)	Oct. 31, 2023 USD ($)
Sale Leaseback Transaction [Line Items]
Finance lease liabilities																			$ 325,784	$ 468,414
Vessel year built	2023	2023	2023	2016	2023							2022	2019	2022	2022	2023	2016	2022	2024
Vessel type	Capesize	Capesize	Capesize	Capesize	Kamsarmax							Kamsarmax		Capesize	Capesize		Kamsarmax	Capesize
Vessel capacity in DWT \| Capacity	182,212	182,169	182,115	181,221	82,010							82,003	81,692	182,393	182,079	5,300	84,852	182,064	5,300
Financial Liabilities [Member] \| Navios Lumen [Member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date																			November 2024
Finance lease, liability						$ 16,000
Duration period																			4 years
Maturity date																			fourth quarter of 2028
Finance lease liabilities																			$ 15,754
Vessel year built						2009
Vessel type						Capesize
Vessel capacity in DWT \| Vessel capacity in DWT						180,493
Debt instrument, description of variable rate basis																			Term SOFR
Debt instrument, basis spread on variable rate																			241.00%
Financial Liabilities [Member] \| Navios Azimuth [Member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date																			February 2024
Finance lease, liability							$ 16,800
Maturity date																			first quarter of 2030
Finance lease liabilities																			$ 15,439
Vessel year built							2011
Vessel type							Capesize
Vessel capacity in DWT \| Vessel capacity in DWT							179,169
Debt instrument, description of variable rate basis																			Term SOFR
Debt instrument, basis spread on variable rate																			225.00%
Financial Liabilities [Member] \| One New Building Tanker Vessel [Member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date																			January 2024
Finance lease, liability								$ 45,260
Maturity date																			seven years after the drawdown date
Vessel type								Aframax/LR2
Vessel capacity in DWT \| Vessel capacity in DWT								115,000
Debt instrument, description of variable rate basis																			Term SOFR
Debt instrument, basis spread on variable rate																			190.00%
Financial Liabilities [Member] \| Two Containerships And Two Aframax [Member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date																			November 2023
Maturity date																			ten years after each drawdown date
Finance lease liabilities									$ 175,600										$ 131,098
Vessel capacity in DWT \| Vessel capacity in DWT									5,300
Proceeds from Lines of Credit																			131,750
Line of credit facility, remains to be drawn																			$ 43,850
Debt instrument, description of variable rate basis																			Term SOFR
Debt instrument, basis spread on variable rate																			200.00%
Financial Liabilities [Member] \| Nave Polaris [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built																			2024
Vessel type																			Aframax/LR2
Vessel capacity in DWT \| Vessel capacity in DWT																			115,698
Financial Liabilities [Member] \| Navios Utmost [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built																			2024
Vessel capacity in DWT \| Vessel capacity in DWT																			5,300
Financial Liabilities [Member] \| Navios Unite [Member]
Sale Leaseback Transaction [Line Items]
Vessel year built																			2024
Vessel capacity in DWT \| Vessel capacity in DWT																			5,300
Financial Liabilities [Member] \| Navios Horizon I [Member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date																			October 2023
Duration period																			12 years
Maturity date																			fourth quarter of 2035
Finance lease liabilities																			$ 20,778		$ 22,800
Debt instrument, description of variable rate basis																			Term SOFR
Debt instrument, basis spread on variable rate																			220.00%
Financial Liabilities [Member] \| Two new building 5,300 TEU containerships and two newbuilding Aframax/ LR2 tanker vessels [Member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date																			May 2023
Maturity date																			ten years after each drawdown date
Finance lease liabilities										$ 178,000									$ 172,415
Vessel type										Aframax/LR2
Vessel capacity in DWT \| Vessel capacity in DWT										5,300
Debt instrument, description of variable rate basis																			Term SOFR
Debt instrument, basis spread on variable rate																			210.00%
Financial Liabilities [Member] \| Navios Felix [member]
Sale Leaseback Transaction [Line Items]
Finance lease, liability											$ 32,000
Duration period																			10 years
Maturity date											first quarter of 2033
Finance lease liabilities																			$ 26,271
Vessel year built											2016
Vessel type											Capesize
Vessel capacity in DWT \| Vessel											181,221
Debt instrument, description of variable rate basis											Term SOFR
Debt instrument, basis spread on variable rate											211.00%

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 270,166	$ 240,378
Restricted cash	29,623	8,797
Other Investments	12,289	47,000
Accounts receivable, net	33,399	42,237
Prepaid expenses and other current assets	60,894	61,336
Amounts due from related parties	$ 36,620	$ 0
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration]	us-gaap:RelatedPartyMember	us-gaap:RelatedPartyMember
Total current assets	$ 442,991	$ 399,748
Vessels, net	4,241,292	3,734,671
Deposits for vessels acquisitions	444,897	434,134
Other long-term assets	61,749	62,111
Deferred dry dock and special survey costs, net	196,194	145,932
Amounts due from related parties	0	39,570
Intangible assets	42,311	60,431
Operating lease assets	243,806	270,969
Total non-current assets	5,230,249	4,747,818
Total assets	5,673,240	5,147,566
Current liabilities
Accounts payable	17,763	25,488
Accrued expenses	33,865	23,608
Deferred revenue	66,209	63,306
Operating lease liabilities, current portion	25,607	30,136
Amounts due to related parties	$ 0	$ 32,026
Other Liability, Current, Related Party [Extensible Enumeration]	us-gaap:RelatedPartyMember	us-gaap:RelatedPartyMember
Current portion of financial liabilities, net	$ 102,996	$ 138,696
Current portion of long-term debt, net	163,226	146,340
Total current liabilities	409,666	459,600
Operating lease liabilities, net	214,995	240,602
Unfavorable lease terms	15,266	27,984
Long-term financial liabilities, net	945,613	824,646
Long-term debt, net	917,102	751,781
Deferred revenue	55,534	63,915
Other long-term liabilities	8,436	8,586
Total non-current liabilities	2,156,946	1,917,514
Total liabilities	2,566,612	2,377,114
Commitments and contingencies
Partners’ capital:
Common Unitholders (29,694,433 and 30,184,388 common units outstanding as of December 31, 2024 and December 31, 2023, respectively)	3,053,295	2,724,436
General Partner (622,296 general partnership units outstanding at each of December 31, 2024 and December 31, 2023)	53,333	46,016
Total partners’ capital	3,106,628	2,770,452
Total liabilities and partners’ capital	$ 5,673,240	$ 5,147,566

Other Income (Details Narrative) $ in Thousands						7 Months Ended	8 Months Ended		9 Months Ended	10 Months Ended		11 Months Ended		12 Months Ended
Other Income (Details Narrative) $ in Thousands	Jun. 21, 2023	Apr. 27, 2023	Mar. 29, 2023	Mar. 06, 2023	Feb. 05, 2023	Jul. 27, 2022	Aug. 31, 2023	Sep. 13, 2022	Sep. 21, 2022	Nov. 09, 2023	Oct. 31, 2023 USD ($) Capacity	Dec. 14, 2022	Nov. 17, 2022	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Vessel year built	2023	2023	2023	2016	2023	2022	2019	2022	2022	2023		2016	2022	2024
Other Operating Income \| $														$ 582	$ 53,682	$ 1,065
Protostar N [Member]
Property, Plant and Equipment [Line Items]
Vessel year built											2007
Vessel capacity in TEU \| Capacity											2,741
Minimum charter period											October 2025
Navios Spring [Member]
Property, Plant and Equipment [Line Items]
Vessel year built											2007
Vessel capacity in TEU \| Capacity											3,450
Minimum charter period											April 2025
Protostar N and Navios Spring [Member]
Property, Plant and Equipment [Line Items]
Other Operating Income \| $											$ 52,463

Cash Distribution and Earnings per Unit (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash Distribution And Earnings Per Unit
Description of the distribution amount per unit for all classes of units	The first 98% of the quarterly distribution is paid to all common unitholders. The incentive distributions rights (held by Navios GP L.L.C.) apply only after a minimum quarterly distribution of $6.0375 per unit.
Potential common units	0	0	1,001

Interest Expense and Finance Cost, Net - Schedule of Interest Expense and Finance Cost, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest and Debt Expense [Abstract]
Interest expense incurred on credit facilities and financial liabilities	$ 110,830	$ 110,818	$ 71,508
Interest expense incurred on finance lease liabilities	28,602	30,313	12,243
Interest expense capitalized related to deposits for vessel acquisitions	(23,209)	(19,457)	(6,537)
Amortization of finance charges and other finance costs	7,841	7,188	5,349
Discount effect of long-term assets	465	4,780	528
Total interest expense and finance cost, net	$ 124,529	$ 133,642	$ 83,091

Fair Value Measurements - Fair value measurements on a Nonrecurring basis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - Fair Value	$ 270,166	$ 240,378
Restricted cash - Fair Value	29,623	8,797
Other investments - Fair Value	12,289	47,000
Amounts due from related parties, short-term - Fair Value	36,620	0
Amounts due from related parties, long-term - Fair Value	0	39,570
Amounts due to related parties, short-term - Fair Value	0	(32,026)
Credit facilities and financial liabilities, including current portion, net - Fair Value	(1,827,384)	(1,410,563)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - Fair Value	270,166	240,378
Restricted cash - Fair Value	29,623	8,797
Other investments - Fair Value	12,289	47,000
Amounts due from related parties, short-term - Fair Value	0
Amounts due from related parties, long-term - Fair Value		0
Amounts due to related parties, short-term - Fair Value		0
Credit facilities and financial liabilities, including current portion, net - Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - Fair Value	0	0
Restricted cash - Fair Value	0	0
Other investments - Fair Value	0	0
Amounts due from related parties, short-term - Fair Value	36,620
Amounts due from related parties, long-term - Fair Value		39,570
Amounts due to related parties, short-term - Fair Value		(32,026)
Credit facilities and financial liabilities, including current portion, net - Fair Value	(1,827,384)	(1,410,563)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - Fair Value	0	0
Restricted cash - Fair Value	0	0
Other investments - Fair Value	0	0
Amounts due from related parties, short-term - Fair Value	0
Amounts due from related parties, long-term - Fair Value		0
Amounts due to related parties, short-term - Fair Value		0
Credit facilities and financial liabilities, including current portion, net - Fair Value	$ 0	$ 0

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Time charter and voyage revenues	$ 1,334,066	$ 1,306,889	$ 1,210,528
Time charter and voyage expenses	(146,429)	(160,231)	(122,630)
Direct vessel expenses	(77,169)	(69,449)	(56,754)
Vessel operating expenses (entirely through related parties transactions)	(349,160)	(331,653)	(312,022)
General and administrative expenses	(85,165)	(80,559)	(67,180)
Depreciation and amortization of intangible assets	(228,472)	(217,823)	(201,820)
Amortization of unfavorable lease terms	12,718	19,922	74,963
Gain on sale of vessels, net	25,760	50,248	149,352
Interest expense and finance cost, net	(124,529)	(133,642)	(83,091)
Interest income	13,803	10,699	856
Other income	582	53,682	1,065
Other expense	(8,697)	(14,438)	(14,020)
Net income	367,308	433,645	579,247
Net income
Common Unitholders	359,867	424,974	567,662
General Partner	$ 7,441	$ 8,671	$ 11,585
Earnings per common unit (see Note 18)
Earnings per common unit, basic	$ 11.98	$ 14.08	$ 18.82
Earnings per common unit, diluted	$ 11.98	$ 14.08	$ 18.82

Future Minimum Contractual Revenue (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Future Minimum Non-cancellable Contractual Revenue - Operating Lease, payments to be received


Period	Amount
2025	$	768,697
2026		515,166
2027		340,070
2028		247,171
2029		136,906
2030 and thereafter		29,843
Total	$	2,037,853

Accounts receivable, net (Tables)

12 Months Ended

Dec. 31, 2024

Accounts Receivable Net

Accounts Receivable, net - Lessen by Provision for Doubtful Accounts

Accounts receivable, net consist of the following:


	December 31, 2024		December 31, 2023
Accounts receivable	$	33,399	$	42,237
Less: Allowance for credit losses		—		—
Accounts receivable, net	$	33,399	$	42,237

Accounts Receivable, net - Changes to provisions for credit losses

Charges to provisions for credit losses are summarized as follows:


Allowance for credit losses	Balance at beginning of period			Charges to costs and expenses		Amount utilized		Balance at end of period
Year ended December 31, 2024	$	—		$	—	$	—	$	—
Year ended December 31, 2023	$	(2,990	)	$	—	$	2,990	$	—
Year ended December 31, 2022	$	(2,990	)	$	—	$	—	$	(2,990	)

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a)

Basis of presentation: The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Based on internal forecasts and projections that take into account reasonably possible changes in Company’s trading performance, management believes that the Company has adequate financial resources, including cash from sale of vessels, (see Note 6 – Vessels, net and Note 21 – Subsequent events) to continue in operation and meet its financial commitments, including but not limited to capital expenditures and debt service obligations, for a period of at least 12 months from the date of issuance of these consolidated financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing its financial statements.

Interest rates had increased significantly in 2022 and 2023 as central banks in Europe, United States and other developed countries had raised interest rates, while in 2024 interest rates remain at a high level. The tighter monetary policy and higher long-term interest rates result in a higher cost of capital for the Company.

(b)

Principles of consolidation: The accompanying consolidated financial statements include Navios Partners’ wholly owned subsidiaries incorporated under the laws of the Republic of Marshall Islands, Liberia, Malta, Delaware, Cayman Islands, Hong Kong, British Virgin Islands, Luxemburg, Panama and Belgium from their dates of incorporation, or from their dates of redomiciliation, or from the date of acquiring control or, for chartered-in vessels, from the dates charter-in agreements were in effect. All significant inter-company balances and transactions have been eliminated in Navios Partners’ consolidated financial statements.

Navios Partners also consolidates entities that are determined to be variable interest entities (“VIE”) as defined in the accounting guidance, if it determines that it is the primary beneficiary. A VIE is defined as a legal entity where either (i) equity interest holders as a group lack the characteristics of a controlling financial interest, including decision making ability and an interest in the entity’s residual risks and rewards, (ii) the equity holders have not provided sufficient equity investment to permit the entity to finance its activities without additional subordinated financial support, or (iii) the voting rights of some investors are not proportional to their obligations to absorb the expected losses of the entity, their rights to receive the expected residual returns of the entity, or both and substantially all of the entity’s activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights.

Subsidiaries: 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 consolidated financial statements include the following entities:

          Company name

          Vessel name

          Country of
incorporation

          2024

          2023

          2022

          Aegean Sea Maritime Holdings Inc.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Afros Maritime Inc.

          Operating Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Agistri Shipping Limited

          Operating Subsidiary

          Malta

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Agron Navigation Company(3)

          Navios Azalea

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Alatas Shipping Corporation(9)

TBN XX

Marshall Is.

5/20–12/31

—

—

          Aldebaran Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Alegria Shipping Corporation(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Alimia Shipping Corporation(10)

TBN XVI

Marshall Is.

5/30–12/31

—

—

          Alkmene Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Alonnisos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Amaryllis Shipping Inc.(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ambracia Navigation Company(3)

          Navios Primavera

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Amindra Navigation Co.

          Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ammos Shipping Corp.(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Amorgos Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Anafi Shipping Corporation

          Navios Sky

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Andromeda Shiptrade Limited(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Andros Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Anthimar Marine Inc.

          Navios Amarillo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Antikithira Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Antiparos Shipping Corporation

          Nave Atria

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Antipaxos Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Antipsara Shipping Corporation

          Nave Velocity

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Aramis Navigation Inc.

          Navios Azimuth

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Arkoi Shipping Corporation(1)

Navios Coral

Marshall Is.

3/14–12/31

—

—

          Artala Shipping Co.(2)

          Navios Sakura

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Asteroid Shipping S.A.

          Navios Herakles I

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

          Astrovalos Shipping Corporation(1)

          Nave Cosmos

          Marshall Is.

          1/01–12/31

          1/01–12/31

          4/26–12/31

Astypalaia Shipping Corporation(1)

Navios Amber

Marshall Is.

3/14–12/31

—

—

Atokos Shipping Corporation(2)

Navios Horizon I

Marshall Is.

1/01–12/31

7/18–12/31

—

          Aurora Shipping Enterprises Ltd.

          Navios Hope

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Avery Shipping Company

          Navios Symphony

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Azalea Shipping Inc.

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Balder Maritime Ltd

          Navios Koyo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Bato Marine Corp.(3)

          Navios Armonia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Bertyl Ventures Co.

          Navios Azure

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Beryl Shipping Corporation

          Hyundai Tokyo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Boheme Navigation Company

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Bole Shipping Corporation

          Spectrum N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Boysenberry Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Brandeis Shipping Corporation

          Ete N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Buff Shipping Corporation

          Fleur N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cadmium Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Calliope Shipping Corporation(1)

          Zim Condor

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Camelia Shipping Inc.(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Casual Shipholding Co.

          Navios Sol

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cavalli Navigation Inc.(18)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cavos Navigation Co.

          Navios Libra

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Celadon Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cerulean Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Chalki Shipping Corporation(9)

TBN VI

Marshall Is.

1/01–12/31

5/31–12/31

—

          Chernava Marine Corp.

          Navios Bahamas

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cheryl Shipping Corporation

          Hyundai Shanghai

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Chilali Corp.

          Navios Aurora II

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Christal Shipping Corporation

          Hyundai Busan

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Citrine Shipping Corporation(12)

Former Vessel-Owning Company

Marshall Is.

—

1/01–2/21

1/01–12/31

          Clan Navigation Limited

          Navios Devotion

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cloud Atlas Marine S.A.

          Navios Uranus

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

          Coasters Ventures Ltd

          Navios Christine B

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Corsair Shipping Ltd.(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Crayon Shipping Ltd

          Navios Miami

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Crete Shipping Corporation

          Nave Cetus

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cronus Shipping Corporation(14)

          Protostar N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Customized Development S.A.(19)

          Navios Fulvia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cyrus Investments Corp.

          Baghdad

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Delos Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Despotiko Shipping Corporation(1)

Nave Polaris

Marshall Is.

1/01–12/31

9/05–12/31

—

          Dione Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Dionysus Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Donoussa Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Doxa International Corp.

          Nave Electron

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ducale Marine Inc.

          Navios Etoile

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

Dune Shipping Corp.(12)

Former Vessel-Owning Company

Marshall Is.

—

1/01–2/21

1/01–12/31

          Ebba Navigation Limited

          Navios Destiny

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Elafonisos Shipping Corporation(8)

          TBN II

          Marshall Is.

          1/01–12/31

          1/01–12/31

          10/19–12/31

          Emery Shipping Corporation

          Navios Gem

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Enplo Shipping Limited

          Navios Verde

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Erato Shipmanagement Corporation(1)

          Zim Pelican

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Ereikousa Shipping Corporation(9)

TBN XI

Marshall Is.

1/01–12/31

5/24–12/31

—

          Esmeralda Shipping Corporation

          Navios Sphera

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Euterpe Shipping Corporation(1)

          Hawk I (ex Zim Hawk)

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Evian Shiptrade Ltd

          Matson Lanai

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Fairy Shipping Corporation(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Faith Marine Ltd.(19)

          Navios Altamira

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Fandango Shipping Corporation

          Unity N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Fantastiks Shipping Corporation

          Navios Fantastiks

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Felicity Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Finian Navigation Co.

          Navios Ace

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Flavescent Shipping Corporation

          Odysseus N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Floral Marine Ltd.

          Navios Buena Ventura

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Folegandros Shipping Corporation

          Nave Andromeda

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Galaxy Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Galera Management Company(2)

          Navios Amethyst

          Marshall Is.

          1/01–12/31

          1/01–12/31

          6/24–12/31

Galileo Shipping Corporation(14)

Navios Galileo

Marshall Is.

9/17–12/31

—

—

Gatsby Maritime Company(9)

TBN IV

Marshall Is.

1/01–12/31

1/03–12/31

—

          Gavdos Shipping Corporation(1)

          Nave Photon

          Marshall Is.

          1/01–12/31

          1/01–12/31

          4/26–12/31

Gemini Shipping Corporation(12)

Former Vessel-Owning Company

Marshall Is.

—

1/01–2/07

1/01–12/31

          Goddess Shiptrade Inc.(3)

          Navios Astra

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Goldie Services Company(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Golem Navigation Limited

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Happiness Shipping Corporation

Navios Happiness

Marshall Is.

9/17–12/31

—

—

          Highbird Management Inc.

          Navios Celestial

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Hyperion Enterprises Inc.(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ianthe Maritime S.A.

          Navios Aster

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ikaria Shipping Corporation

          Nave Aquila

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Iliada Shipping S.A.

          Operating Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Inastros Maritime Corp.

          Navios Chrysalis

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ios Marine Corporation(20)

          Nave Cielo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Iraklia Shipping Corporation

          Bougainville

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Iris Shipping Corporation

          N Amalthia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Isolde Shipping Inc.

          Navios Indigo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ithaki Shipping Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          4/26–12/31

          Jasmer Shipholding Ltd

          Navios Nerine

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Jasmine Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Jaspero Shiptrade S.A.

          Navios Jasmine

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Joy Shipping Corporation

          Navios Joy

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          JTC Shipping and Trading Ltd(13)

          Operating Company

          Malta

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Karpathos Shipping Corporation(7)

          HMM Ocean

          Marshall Is.

          1/01–12/31

          1/01–12/31

          6/22–12/31

          Kastelorizo Shipping Corporation(8)

          TBN I

          Marshall Is.

          1/01–12/31

          1/01–12/31

          10/19–12/31

Kastos Shipping Corporation(9)

TBN XII

Marshall Is.

1/01–12/31

5/24–12/31

—

          Kerkyra Shipping Corporation

          Nave Galactic

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Keros Shipping Corporation(9)

TBN XIX

Marshall Is.

5/20–12/31

—

—

          Kimolos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Kinaros Shipping Corporation(1)

Navios Citrine

Marshall Is.

3/14–12/31

—

—

          Kithira Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Kleio Shipping Corporation(1)

          Zim Seagull

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Kohylia Shipmanagement S.A.

          Navios Luz

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Kos Shipping Corporation

          Nave Bellatrix

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Koufonisi Shipping Corporation(2)

          Navios Felix

          Marshall Is.

          1/01–12/31

          1/01–12/31

          11/11–12/31

          Kymata Shipping Co.

          Navios Helios

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Lavender Shipping Corporation

          Navios Ray

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Lefkada Shipping Corporation

          Nave Buena Suerte

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Legato Shipholding Inc.

          Navios Tempo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Leros Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Letil Navigation Ltd

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Leto Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Levitha Shipping Corporation(10)

TBN XV

Marshall Is.

5/30–12/31

—

—

          Libra Shipping Enterprises Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Limestone Shipping Corporation(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Limnos Shipping Corporation

          Nave Pyxis

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Makri Shipping Corporation(1)

Navios Utmost

Marshall Is.

1/01–12/31

9/05–12/31

—

          Makronisos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Mandora Shipping Ltd

          Navios Centaurus

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Mathraki Shipping Corporation(9)

TBN X

Marshall Is.

1/01–12/31

7/18–12/31

—

Meganisi Shipping Corporation(1)

Navios Unite

Marshall Is.

1/01–12/31

9/05–12/31

—

          Melpomene Shipping Corporation(2)

          Sparrow

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Mesta Shipping Corporation(10)

TBN XXII

Marshall Is.

8/26–12/31

—

—

          Micaela Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Migen Shipmanagement Ltd

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Moonstone Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Morganite Shipping Corporation(2)

          Navios Meridian

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Morven Chartering Inc.

          Navios Verano

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Muses Shipping Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Mytilene Shipping Corporation

          Nave Orion

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          NAV Holdings Limited

          Sub-Holding Company

          Malta

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Navios Acquisition Europe Finance Inc.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Acquisition Finance (US) Inc.(15)

          Co-Issuer of Ship Mortgage Notes

          Delaware

          1/01–10/07

          1/01–12/31

          1/01–12/31

          Navios International Inc.

          Operating Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

          Navios Maritime Acquisition Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Containers Sub LP

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Midstream Operating LLC

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Midstream Partners Finance (US) Inc.(15)

          Sub-Holding Company

          Delaware

          1/01–10/07

          1/01–12/31

          1/01–12/31

          Navios Maritime Midstream Partners GP LLC

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Midstream Partners L.P.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Operating L.L.C.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Partners L.P.

          N/A

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Partners Containers Finance Inc.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Partners Containers Inc.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Partners Europe Finance Inc.

          Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Partners Finance (US) Inc.(15)

          Co-Borrower

          Delaware

          1/01–10/07

          1/01–12/31

          1/01–12/31

          Nefeli Navigation S.A.

          Navios Unison

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Nisyros Shipping Corporation(7)

Nave Neutrino

Marshall Is.

1/01–12/31

9/05–12/31

—

          Nostos Shipmanagement Corp.

          Navios Bonavis

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Oceanus Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Oinousses Shipping Corporation

          Nave Jupiter

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Olivia Enterprises Corp.

          Erbil

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Olympia II Navigation Limited

          Navios Domino

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Opal Shipping Corporation

          Rainbow N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Orbiter Shipping Corp.(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Othonoi Shipping Corporation(9)

TBN IX

Marshall Is.

1/01–12/31

7/18–12/31

—

Palermo Shipping S.A.(12)

Former Vessel-Owning Company

Marshall Is.

—

1/01–2/07

1/01–12/31

          Pandora Marine Inc.

          Navios Melodia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Patmos Shipping Corporation(7)

          HMM Sky

          Marshall Is.

          1/01–12/31

          1/01–12/31

          6/22–12/31

          Paxos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Pearl Shipping Corporation

          Navios Sun

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Peran Maritime Inc.

          Zim Baltimore

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Perigiali Navigation Limited(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Perivoia Shipmanagement Co.

          Navios Amitie

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Persephone Shipping Corporation

          Hector N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Pharos Navigation S.A.

          Navios Phoenix

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Pingel Navigation Limited

          Matson Oahu (ex 'Navios Delight)

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Pleione Management Limited

          Navios Star

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Polyaigos Shipping Corporation(10)

TBN VII

Marshall Is.

1/01–12/31

7/04–12/31

—

          Polymnia Shipping Corporation(1)

          Zim Albatross

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Poros Marine Shipping Corporation(10)

TBN XVII

Marshall Is.

6/20–12/31

—

—

          Prometheus Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Prosperity Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Proteus Shiptrade S.A.

          Carmel I

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Psara Shipping Corporation

          Nave Luminosity

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Pserimos Shipping Corporation(9)

TBN V

Marshall Is.

1/01–12/31

5/31–12/31

—

          Pueblo Holdings Ltd

          Navios Lumen

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

Pyrgi Shipping Corporation(9)

TBN XXI

Marshall Is.

8/26–12/31

—

—

          Red Rose Shipping Corp.

          Navios Bonheur

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Rhea Shipping Corporation(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Rhodes Shipping Corporation

          Nave Cassiopeia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Rider Shipmanagement Inc.

          Navios Felicity I

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

Rineia Shipping Corporation(11)

TBN XVIII

Marshall Is.

6/20–12/31

—

—

          Rodman Maritime Corp.(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Rondine Management Corp.

          Navios Victory

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Roselite Shipping Corporation

          Navios Corali

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Rubina Shipping Corporation

          Hyundai Hongkong

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Rumer Holding Ltd.

          Navios Antares

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Sagittarius Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Samos Shipping Corporation

          Nave Synergy

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Samothrace Shipping Corporation

          Nave Pulsar

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Santorini Shipping Corporation(10)

TBN XIII

Marshall Is.

2/20–12/31

—

—

          Schinousa Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Serifos Shipping Corporation

          Nave Estella

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Seymour Trading Limited

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shikhar Ventures S.A.(17)

          Navios Stellar

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Shinyo Dream Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Kannika Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Kieran Limited(21)

          Nave Universe

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Loyalty Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Navigator Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Ocean Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Saowalak Limited(21)

          Nave Constellation

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Sifnos Shipping Corporation

          Nave Titan

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Sikinos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Silvanus Marine Company

          Navios Summer

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Skiathos Shipping Corporation

          Nave Capella

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Skopelos Shipping Corporation(20)

          Nave Ariadne

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Skyros Shipping Corporation

          Nave Sextans

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Solange Shipping Ltd.

          Navios Avior

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Spetses Marine Shipping Corporation(1)

Navios Venus

Marshall Is.

6/26–12/31

—

—

          Sui An Navigation Limited

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Sunstone Shipping Corporation

          Copernicus N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Surf Maritime Co.

          Navios Pollux

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Syros Shipping Corporation

          Nave Alderamin

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Talia Shiptrade S.A.

          Navios Magellan II

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

          Tarak Shipping Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          4/26–12/31

Taurus Marine Corporation(4)

Former Vessel-Owning Company

Marshall Is.

9/26–12/31

—

—

          Terpsichore Shipping Corporation(1)

          Zim Falcon

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Teuta Maritime S.A.(2)

          Navios Altair

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Thalassa Marine S.A.

          Navios Galaxy II

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29-12/31

          Thalia Shipping Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Thasos Shipping Corporation

          Nave Equinox

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Thera Shipping Corporation

          Nave Atropos

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Theros Ventures Limited

          Navios Lapis

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Thetida Marine Co.

          Navios Magnolia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Thirasia Shipping Corporation(10)

TBN XIV

Marshall Is.

2/20–12/31

—

—

          Tilos Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Tinos Shipping Corporation

          Nave Rigel

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Topaz Shipping Corporation

          Hyundai Singapore

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Triangle Shipping Corporation

          Navios Mars

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Trikeri Shipping Corporation(10)

TBN VIII

Marshall Is.

1/01–12/31

7/04–12/31

—

          Tzia Shipping Corporation(3)

          Nave Celeste

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Urania Shipping Corporation(1)

          Zim Eagle

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Vatselo Enterprises Corp.(3)

          Navios Alegria

          Marshall Is.

          1/01–12/31

          1/01–12/31

          6/24–12/31

Vega Shipping Corporation

Navios Vega

Marshall Is.

9/17–12/31

—

—

          Veja Navigation Company

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Velour Management Corp.

          Navios Vermilion

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Velvet Shipping Corporation

          Navios La Paix

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Venetiko Shipping Corporation(1)

Navios Dolphin

Marshall Is.

3/14–12/31

—

—

          Vernazza Shiptrade Inc.

          Navios Canary

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Vinetree Marine Company

          Operating Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Vythos Marine Corp.

          Navios Constellation

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Wenge Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          White Narcissus Marine S.A.(14), (16)

          Navios Asteriks

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Zakynthos Shipping Corporation

          Nave Quasar

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Ziggy Shipping Limited (8)

TBN III

Marshall Is.

1/01–12/31

1/03–12/31

—

          Zoner Shiptrade S.A.

          Navios Dorado

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

(1) The vessel was delivered/ acquired in 2024.

(2) The vessel was delivered/ acquired in 2023.

(3) The vessel was delivered/ acquired in 2022.

(4) The vessel was sold in 2024.

(5) The vessel was sold in 2023.

(6) The vessel was sold in 2022.

(7) The vessel was delivered/ acquired in 2025.

(8) Expected to be delivered in 2025.

(9) Expected to be delivered in 2026.

(10) Expected to be delivered in 2027.

(11) Expected to be delivered in 2028.

(12) The company was dissolved in 2023.

(13) Not a vessel-owning subsidiary and only holds right to charter-in contracts.

(14) The vessel is agreed to be sold in 2025.

(15) The company was dissolved in 2024.

(16) The entity was redomiciled from Panama to the Marshall Islands on November 5, 2024.

(17) The entity was redomiciled from Liberia to the Marshall Islands on November 6, 2024.

(18) The entity was redomiciled from Liberia to the Marshall Islands on November 8, 2024.

(19) The entity was redomiciled from Liberia to the Marshall Islands on November 12, 2024.

(20) The entity was redomiciled from Cayman Islands to the Marshall Islands on November 18, 2024.

(21) The entity was redomiciled from British Virgin Islands to the Marshall Islands on November 22, 2024.

In December 2024, the Company completed the sale of Kleimar N.V. and its subsidiary, Bulkinvest S.A.. The two entities were included in the consolidated financial statements of 2022, 2023 and 2024.

During the fourth quarter of 2023, the Company completed the sale of Aphrodite Shipping Corporation, Zaffre Shipping Corporation, Anthos Shipping Inc. and Wave Shipping Corp.. The four entities were included in the consolidated financial statements of 2022 and 2023 (see Note 17 – Transactions with related parties and affiliates).

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.

(c)

Use of Estimates: The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. On an on-going basis, management evaluates the estimates and judgments, including those related to expected future cash flows from long-lived assets to support impairment tests. Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates under different assumptions and/or conditions.

(d)

Cash and Cash Equivalents: Cash and cash equivalents consist of cash on hand, deposits held on call with banks, and other short-term liquid investments with original maturities of three months or less.

(e)

Restricted Cash: Restricted cash consists of amounts held in retention accounts in order to service debt and interest payments and cash collaterals, as required by certain of Navios Partners' credit facilities and financial liabilities.

(f)

Other investments: Other investments consist of time deposits with original maturities of greater than three months and less than 12 months. As of December 31, 2024 and December 31, 2023, other investments amounted to $12,289 and $47,000, respectively.

(g)

Accounts Receivable, Net: Accounts receivable, net at each balance sheet date includes estimated recoveries from charterers for hire, freight and demurrage, net of any allowance for receivables deemed uncollectible. Accounts receivable are recorded when the right to consideration becomes unconditional. The Company assessed that any impairment of accounts receivable arising from operating leases, i.e. time charters, should be accounted in accordance with ASC 842, and not in accordance with Topic 326, as discussed below. Impairment of accounts receivable arising from voyage charters, which are accounted in accordance with ASC 606, are within the scope of Subtopic 326 and must therefore, be assessed for expected credit losses. With regards to operating lease receivables, ASC 842 requires lessors to evaluate the collectability of all lease payments. If collection of all operating lease payments, plus any amount necessary to satisfy a residual value guarantee, is not probable (either at lease commencement or after the commencement date), lease income is constrained to the lesser of cash collected or lease income reflected on a straight-line or another systematic basis, plus variable rent when it becomes accruable. During the years ended December 31, 2024, 2023 and 2022, the Company had no write offs of accounts receivable arising from operating leases deemed uncollectible.

Credit Losses Accounting

Under ASC 326, an entity recognizes as an allowance its estimate of lifetime expected credit losses which will result in more timely recognition of such losses. The Company maintains an allowance for credit losses for expected uncollectable accounts receivable, which is recorded as an offset to trade accounts receivable and changes in such, if any, are classified as allowance for credit losses in the Consolidated Statements of Operations.

The Company assesses collectability by reviewing accounts receivable on a collective basis where similar characteristics exist and on an individual basis when the Company identifies specific customers with known disputes or collectability issues. In determining the amount of the allowance for credit losses, the Company considers historical collectability based on past due status. The Company also considers customer-specific information, current market conditions and reasonable and supportable forecasts of future economic conditions to determine adjustments to historical loss data.

The allowance for credit losses was $0, $0 and $2,990 as of each of December 31, 2024, 2023 and 2022, respectively.

As of each of December 31, 2024, 2023 and 2022, no allowance was recorded for cash equivalents as the majority of cash balances as of the balance sheet date were held in time deposits with highly reputable credit institutions, for which periodic evaluations of the relative credit standing of those financial institutions are performed. No allowance was recorded on insurance claims as of each of December 31, 2024, 2023 and 2022.

Concentration of Credit Risk

Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist principally of cash and trade accounts receivable. The Company places its temporary cash investments, consisting mostly of deposits, with various qualified financial institutions and performs periodic evaluations of the relative credit standing of those financial institutions that are considered in the Company’s investment strategy. The Company limits its credit risk with accounts receivable by performing ongoing credit evaluations of its customers’ financial condition and generally does not require collateral for its accounts receivable and does not have any agreements to mitigate credit risk. For credit losses accounting on the Company’s financial assets please refer above.

(h)

Inventories: Inventories comprised of (i) bunkers (when applicable) and (ii) lubricants and stock provisions on board of the vessels as of the balance sheet date, and are stated at the lower of cost or net realizable value. The cost is determined primarily by the first-in, first-out method. Net realizable value is defined as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. When evidence exists that the net realizable value of inventory is lower than its cost, the difference is recognized as a loss in earnings in the period in which it occurs.

(i)

Vessels, Net: Vessels are stated at historical cost, which consists of the contract price and pre-delivery costs incurred during the construction and delivery of newbuildings, including capitalized interest, and any material expenses incurred upon acquisition (improvements and delivery expenses) of second hand vessels. Vessels acquired in an asset acquisition or in a business combination are recorded at fair value. The fair value of the vessels is determined based on vessels' valuation, from independent third party shipbrokers. Subsequent expenditures for major improvements and upgrades are capitalized, provided they appreciably extend the life, increase the earnings capacity or improve the efficiency or safety of the vessels. The cost and related accumulated depreciation of assets retired or sold are removed from the accounts at the time of sale or retirement and any gain or loss is included in the accompanying Consolidated Statements of Operations. Expenditures for routine maintenance and repairs are expensed as incurred.

Depreciation is computed using the straight line method over the useful life of the vessels, after considering the estimated residual value. Management estimates the residual values of the Company’s drybulk, containerships and tankers based on a scrap value cost of steel times the weight of the ship noted in lightweight ton (“LWT”). Residual values are periodically reviewed and revised to recognize changes in conditions, new regulations or other reasons. Revisions of residual values affect the depreciable amount of the vessels and affect depreciation expense in the period of the revision and future periods. The estimated scrap rate used to calculate the vessel’s scrap value is $340 per LWT as of each of December 31, 2024 and 2023.

Management estimates the useful life of the Company’s vessels to be 25 years for drybulk and tanker vessels and 30 years for the containerships, respectively from the original construction. However, when regulations place limitations over the ability of a vessel to trade on a worldwide basis, its useful life is re-estimated to end at the date such regulations become effective. An increase in the useful life of a vessel or in its residual value would have the effect of decreasing the annual depreciation charge and extending it into later periods. A decrease in the useful life of a vessel or in its residual value would have the effect of increasing the annual depreciation charge.

(j)

Deposits for vessels acquisitions: Deposits for vessels acquisitions include (i) amounts paid by the Company in accordance with the terms of the purchase agreements for the construction of vessels (See Note 15 – Commitments and

contingencies); (ii) pre-delivery expenses and related costs provided under the Company’s existing agreements with the Manager (See Note 17 – Transactions with related parties and affiliates) and (iii) capitalized interest costs incurred during the construction (until the asset is substantially complete and ready for its intended use). Pre-delivery expenses represent any direct costs to bring the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

(k)

Assets Held for Sale: The Company's policy is to dispose vessels and other fixed assets when suitable opportunities occur and not necessarily to retain them until the end of their useful life. The Company classifies assets and disposal groups as being held for sale when the following criteria are met: management has committed to a plan to sell the vessel (disposal group); the asset (disposal group) is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of vessels; an active program to locate a buyer and other actions required to complete the plan to sell the asset (disposal group) have been initiated; the sale of the asset (disposal group) is probable and transfer of the asset (disposal group) is expected to qualify for recognition as a completed sale within one year; the asset (disposal group) is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Long-lived assets or disposal groups classified as held for sale are measured at the lower of their carrying amount or fair value less cost to sell. These vessels are not depreciated once they meet the criteria to be held for sale. On October 14, 2022, Navios Partners completed the sale of a 2007-built Ultra-Handymax vessel of 55,728 dwt, classified as held for sale upon her acquisition by Navios Holdings (see Note 2(l) – Summary of significant accounting policies), to an unrelated third party, for a net sales price of $13,965. No assets were classified as held for sale as of each of December 31, 2024 and 2023.

(l)

Asset Acquisitions: When the Company enters into an acquisition transaction, it determines whether the acquisition transaction is a purchase of an asset or a business based on the facts and circumstances of the transaction. In accordance with Topic 805, Business Combinations, the Company first evaluates whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets (Step one). If that threshold is met, the set of assets and activities is not a business. If the threshold is not met, the Company evaluates whether the set meets the definition of a business (Step two). To be considered a business, a set must include an input and a substantive process that together significantly contributes to the ability to create an output. All assets acquired and liabilities assumed in a business combination are measured at their acquisition date fair values. For asset acquisitions, the net assets acquired should be measured following a cost accumulation and allocation model under which the cost of the acquisition is allocated on a relative fair value basis to the qualifying assets acquired. Transaction costs associated with asset acquisitions are capitalized.

On July 26, 2022, the Company entered into a share purchase agreement to acquire a 36-vessel drybulk fleet for a purchase price of $835,000 including the assumption of bank liabilities, bareboat obligations and finance leasing obligations, subject to debt and working capital adjustments, from Navios Holdings. The fleet consisted of: (i) 30 vessels (including eight vessels under sale and leaseback and ten vessels under finance leases), (ii) five operating leases and (iii) one vessel that has been classified as held for sale. On July 29, 2022, 15 of the 36 vessels were delivered to Navios Partners. On September 8, 2022, the remaining 21 vessels were delivered to Navios Partners.

The Company performed an assessment, as defined under ASC 805, Business Combinations, and concluded that the acquisition of the 36-vessel drybulk fleet is an asset acquisition. The consideration paid amounted to $370,638 and is presented under the caption “Acquisition of/ additions to vessels” in the Consolidated Statements of Cash Flows including working capital balances of $(37,016) in accordance with the share purchase agreement of which an amount of $9,862 related to cash and cash equivalents and restricted cash and is presented under the caption “Cash acquired from acquisitions” in the Consolidated Statements of Cash Flows. The fair value of net assets acquired compared to the cost of consideration resulted in an excess value of $217,161 that was allocated to qualifying assets on a relative fair value basis. The qualifying assets were the vessels held and used, leases (finance and operating lease assets) and intangible assets.

Vessels held and used acquired as part of an asset acquisition are recorded at fair value, which is determined based on vessel valuations, obtained from independent third party shipbrokers which are, among other things, based on recent sales and purchase transactions of similar vessels.

When a vessel along with the current charter contract is acquired where the Company acts as a lessor as part of asset acquisition, intangible assets and unfavorable lease terms are recorded at fair value. The fair value of the favorable and unfavorable lease terms (intangible assets and liabilities) is determined by reference to market data and the discounted amount of expected future cash flows. The key assumptions that were used in the discounted cash flow analysis for the assets acquired from Navios Holdings were as follows: (i) the contracted charter rate of the acquired charter over the remaining lease term compared to the current market charter rates for a similar contract and (ii) discounted using the Company’s relevant discount factor of 11.32%.

For acquired leases as part of an asset acquisition, where the Company is a lessee, the Company has elected to reassess classification. The Company recognizes the right-of-use assets for operating and finance leases acquired at the same amount as the lease liability, adjusted to reflect favorable and unfavorable terms of the lease when compared with market terms.

(m)

Impairment of Long Lived Assets: Vessels, other fixed assets and other long lived assets held and used by Navios Partners are reviewed periodically for potential impairment whenever events or changes in circumstances indicate that the

carrying amount of a particular asset may not be fully recoverable. Navios Partners’ management evaluates the carrying amounts and periods over which long-lived assets are depreciated to determine if events or changes in circumstances have occurred that would require modification to their carrying values or useful lives. Measurement of the impairment loss is based on the fair value of the asset. Navios Partners determines the fair value of its assets on the basis of management estimates and assumptions by making use of available market data and taking into consideration third party valuations performed on an individual vessel basis. In evaluating the carrying values of long-lived assets, certain indicators of potential impairment, are reviewed such as obsolesce or significant damages to the vessel, vessel sales and purchases, business plans, overall market conditions and market economic outlook.

Undiscounted projected net operating cash flows are determined for each asset group, for which impairment indicators are present, and compared to the carrying value of the vessel, the unamortized portion of deferred drydock and special survey costs, ballast water treatment system costs, exhaust gas cleaning system costs and other capitalized items, if any, related to the vessel and the related carrying value of the intangible assets with respect to the time charter agreement attached to that vessel or the carrying value of deposits for newbuildings. Within the shipping industry, vessels are customarily bought and sold with a charter attached. The value of the charter may be favorable or unfavorable when comparing the charter rate to the current market rates. The loss recognized either on impairment or on disposition will reflect the excess of carrying value over fair value (selling price) for the vessel asset group.

Undiscounted projected net operating cash flow analysis is performed by considering various assumptions and covers the remaining economic life of each vessel. These assumptions include revenue from existing time charters for fixed fleet days based on rates under Navios Partners’ remaining charter agreements and an estimated daily time charter equivalent rate for unfixed days. The latter is determined by using the one-year average historical time charter rates for the first year and the ten-year average historical one-year time charter rates for the remaining period. Revenue is included in the analysis net of brokerage and address commissions and commercial management fee, and excludes days associated with scheduled dry-dockings or special surveys. The analysis also incorporates estimates of scrap values and considers the probability of sale of each vessel. Planned expenditures for dry-dockings or special surveys are based on Navios Partners’ budget. Vessel operating expenses are based on industry data, assuming a 3.0% increase every second year starting in 2025. The utilization rate is based on the fleet's historical performance.

(n)

Deferred Drydock and Special Survey Costs: Navios Partners' vessels are subject to regularly scheduled drydocking and special surveys which are generally carried out every 30 or 60 months, depending on the assets’ ages to coincide with the renewal of the related certificates issued by the classification societies, unless a further extension is obtained in rare cases and under certain conditions. The cost of drydocking and special surveys are deferred and amortized over the above periods or to the next drydocking or special survey date if such date has been determined.

Costs capitalized as part of the drydocking or special survey consist principally of the actual costs incurred at the yard, and expenses relating to spare parts, paints, lubricants and services incurred solely during the drydocking or special survey period. For the years ended December 31, 2024, 2023 and 2022, the amortization expense was $63,605, $43,321 and $28,917, respectively, and is presented under the caption of “Direct vessel expenses” in the Consolidated Statements of Operations.

(o)

Deferred Finance Costs: Deferred finance costs include: (i) fees paid associated with obtaining credit facilities and financial liabilities or refinancing existing ones accounted for as loan modification, which are deferred and are presented as a deduction from the corresponding liability in the Consolidated Balance Sheets. These costs are amortized over the life of the related credit facility and financial liability using the effective interest rate method, and are presented under the caption “Interest expense and finance cost, net” in the Consolidated Statements of Operations and (ii) fees paid associated with obtaining credit facilities and financial liabilities to finance the acquisition of newbuilding vessels, remained undrawn at the balance sheet date, which are deferred and are presented under the caption “Other long-term assets” in the Consolidated Balance Sheets. The amortization of such costs, calculated using the straight-line method until the end of vessel’s construction period, is capitalized to the vessel’s cost. Unamortized fees relating to credit facilities and financial liabilities repaid or refinanced and accounted for as debt extinguishment are written off in the period the repayment, prepayment or extinguishment is made and included in the determination of gain or loss on debt extinguishment. Amortization and write-off of deferred finance costs, including amortization of debt discount, for each of the years ended December 31, 2024, 2023 and 2022 were $7,841, $7,188 and $5,349, respectively and are presented under the caption “Amortization and write-off of deferred finance costs and discount” in the Consolidated Statements of Cash Flows.

(p)

Intangible Assets and Unfavorable Lease Terms: Navios Partners’ intangible assets and liabilities consist of favorable and unfavorable lease terms. When an asset along with the current charter contract are acquired as part of a business combination and/or asset acquisition, intangible assets and unfavorable lease terms are recorded at fair value. Fair value is determined by reference to market data and the discounted amount of expected future cash flows. Where charter rates are higher than market charter rates, an asset is recorded, being the difference between the acquired charter rate and the market charter rate for an equivalent vessel. Where charter rates are less than market charter rates, a liability is recorded, being the difference between the assumed charter rate and the market charter rate for an equivalent vessel. The determination of the fair value of acquired assets and assumed liabilities requires Navios Partners to make significant assumptions and estimates of many variables including market charter rates, contracted charter rates, remaining duration of the charter agreements, the level of utilization of its vessels and its relevant discount rate.

The amortizable value of favorable and unfavorable leases is amortized over the remaining life of the lease term and the amortization expense/ income is included under the captions “Depreciation and amortization of intangible assets” and “Amortization of unfavorable lease terms”, respectively in the Consolidated Statements of Operations.

The amortizable value of favorable leases would be considered impaired if their carrying values could not be recovered from the future undiscounted cash flows associated with the assets. As of December 31, 2024 and 2023, the management of the Company, has considered various indicators and concluded that events and circumstances did not trigger the existence of potential impairment of its intangible assets and that a recoverability test, as described in paragraph (m) above, was not required. As of December 31, 2022, the management of the Company, after considering various indicators, performed an impairment test, as described in paragraph (m) above, which included intangible assets. As of December 31, 2024, 2023 and 2022, there was no impairment of intangible assets.

(q)

Foreign Currency Translation: Navios Partners' functional and reporting currency is the U.S. Dollar. Navios Partners engages in worldwide commerce with a variety of entities. Although, its operations may expose it to certain levels of foreign currency risk, its transactions are predominantly U.S. dollar denominated. Additionally, Navios Partners’ wholly-owned vessel subsidiaries transacted a nominal amount of their operations in Euros; however, all of the subsidiaries’ primary cash flows are U.S. dollar denominated. Transactions in currencies other than the functional currency are translated at the exchange rate in effect at the date of each transaction. Differences in exchange rates during the period between the date a transaction denominated in a foreign currency is consummated and the date on which it is either settled or translated, are recognized in the Statements of Operations. The foreign currency gains/ (losses) recognized in the accompanying Consolidated Statements of Operations under the captions “Other income” or “Other expense”, for each of the years ended December 31, 2024, 2023 and 2022 were not material for any of these periods.

(r)

Provisions: Navios Partners, in the ordinary course of its business, is subject to various claims, suits and complaints. Management, in consultation with internal and external advisors, will provide for a contingent loss in the financial statements if the contingency had been incurred as of the balance sheet date and the likelihood of loss was probable and the amount of the loss can be reasonably estimated. If Navios Partners has determined that the reasonable estimate of the loss is a range and there is no best estimate within the range, Navios Partners will accrue the lower amount of the range.

Navios Partners, through the Management Agreements (as defined herein), participates in Protection and Indemnity (P&I) insurance coverage plans provided by mutual insurance societies known as P&I clubs. Under the terms of these plans, participants may be required to pay additional premiums (supplementary calls) to fund operating deficits incurred by the clubs (“back calls”). Obligations for back calls are accrued annually based on information provided by the P&I clubs.

(s)

Segment Reporting: In accordance with ASC 280, the Company uses the “management approach” in determining reportable operating segments. The management approach is based on the internal organization and reporting used by the Company’s chief operating decision maker (the "CODM"), who is the Company’s Chairwoman and Chief Executive Officer, for making operating decisions and assessing performance. Navios Partners reports financial information and evaluates its operations primarily based on charter revenues, without differentiating by vessel type or the length of ship employment for its customers. The CODM does not use discrete financial information related to specific types of charters or vessels when evaluating operating results, allocating resources, or making decisions regarding the operations of the Company. The CODM evaluates performance, including monitoring budget versus actual results, using consolidated net income, which encompasses all expense categories as presented in the Consolidated Statements of Operations. As a result, Navios Partners has determined that it operates under one reportable segment and the assets of such segment are presented under the caption "Total assets" in the Consolidated Balance Sheets. For further details regarding the Company’s business, please refer to Note 1 – Description of business.

(t)

Revenue and Expense Recognition:

Revenue from time chartering and bareboat chartering

Revenues from time chartering and bareboat chartering of vessels are accounted for as operating leases and are thus recognized on a straight line basis as the average lease revenue over the rental periods of such charter agreements, as service is performed. A time charter involves placing a vessel at the charterers’ disposal for a period of time during which the charterer uses the vessel in return for the payment of a specified daily hire rate. Short period charters for less than three months are referred to as spot-charters. Charters extending three months to a year are generally referred to as medium-term charters. All other charters are considered long-term. The Company has determined to recognize lease revenue as a combined single lease component for all time charters (operating leases) as the related lease component and non-lease components will have the same timing and pattern of the revenue recognition of the combined single lease component. The performance obligations in a time charter contract are satisfied over term of the contract beginning when the vessel is delivered to the charterer until it is redelivered back to the Company. Under time charters, operating costs such as for crews, maintenance and insurance are typically paid by the owner of the vessel. Revenue from time chartering and bareboat chartering of vessels amounted to $1,207,066, $1,149,240 and $1,064,642 for the years ended December 31, 2024, 2023 and 2022, respectively.

Revenue from voyage charters

Under a voyage charter, a vessel is provided for the transportation of specific goods between specific ports in return for payment of an agreed upon freight per ton of cargo. In accordance with 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 $91,844, $107,412 and $69,075 for the years ended December 31, 2024, 2023 and 2022, respectively.

Revenue from pooling arrangements

For vessels operating in pooling arrangements, the Company earns a portion of total revenues generated by the pool, net of expenses incurred by the pool. The amount allocated to each pool participant vessel, including the Company's vessels, is determined in accordance with an agreed-upon formula, which is determined by points awarded to each vessel in the pool based on the vessel’s age, design and other performance characteristics. Revenue under pooling arrangements is accounted for as variable rate operating leases under the scope of ASC 842 and is recognized for the applicable period when collectability is reasonably assured. The allocation of such net revenue may be subject to future adjustments by the pool however, such changes are not expected to be material. The Company recognizes net pool revenue on a monthly and quarterly basis, when the vessel has participated in a pool during the period and the amount of pool revenue can be estimated reliably based on the pool report. Revenue from vessels operating in pooling arrangements amounted to $35,156, $50,161 and $74,344 for the years ended December 31, 2024, 2023 and 2022, respectively.

Revenue from profit-sharing

Profit-sharing revenues are calculated at an agreed percentage of the excess of the charterer's average daily income (calculated on a quarterly or semi-annual basis) over an agreed amount and accounted for on an accrual basis based on provisional amounts and for those contracts that provisional accruals cannot be made due to the nature of the profit sharing elements, these are accounted for on the actual cash settlement or when such revenue becomes determinable. Profit sharing revenue amounted to $0, $76 and $2,467 for the years ended December 31, 2024, 2023 and 2022, respectively.

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

Deferred Revenue and Cash Received in Advance: Deferred revenue primarily relates to cash received from charterers prior to it being earned and the straight-line amortization of the containerships and tankers charters with de-escalating rates. These amounts are recognized as revenue over the voyage or charter period.

Time Charter and Voyage Expenses: Time charter and voyage expenses comprise all expenses related to each particular voyage, including time charter hire paid and voyage freight paid, bunkers, port charges, canal tolls, cargo handling, agency fees and brokerage commissions. Also included in time charter and voyage expenses are provisions for losses on time charters and voyages in progress at year-end, direct port terminal expenses and other miscellaneous expenses. Time charter expenses are expensed over the period of the time charter and voyage expenses are recognized as incurred.

Direct Vessel Expenses: Direct vessel expenses comprise the amortization related to drydocking and special survey costs of certain vessels of Navios Partners’ fleet and certain extraordinary fees and costs, pursuant to the terms of the Management Agreements (as defined herein).

Prepaid Voyage Costs: Prepaid voyage costs relate to cash paid in advance for expenses associated with voyages. These amounts are recognized as expenses over the voyage or charter period.

Vessel operating expenses: Pursuant to the management agreement effective until January 1, 2025 (the “Management Agreement”), the Manager, provided commercial and technical management services to Navios Partners’ vessels. For a detailed discussion of vessel operating expenses please see Note 17 – Transactions with related parties and affiliates.

General and administrative expenses: Pursuant to the administrative services agreement effective until January 1, 2025, the Manager also provides administrative services to Navios Partners, which include bookkeeping, audit and accounting services, legal and insurance services, administrative and clerical services, banking and financial services, advisory services, client and investor relations and other. Under the terms of the agreement, which provide for allocable general and administrative costs, the Manager is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. For a detailed discussion of general and administrative expenses please see Note 17 – Transactions with related parties and affiliates.

(u)

Financial Instruments: Financial instruments carried on the balance sheet include cash and cash equivalents, restricted cash, other investments, trade receivables and payables, amounts due from/(to) related parties, other receivables and other liabilities, credit facilities and financial liabilities. The particular recognition methods applicable to each class of financial instrument are disclosed in the applicable significant policy description of each item, or included below as applicable.

Financial Risk Management: Navios Partners’ activities expose it to a variety of financial risks including fluctuations in future freight rates, time charter hire rates, fuel prices, credit and interest rates risk. Risk management is carried out under policies approved by executive management. Guidelines are established for overall risk management, as well as specific areas of operations.

Credit Risk: Navios Partners closely monitors its credit exposure to customers and counter-parties for credit risk. Navios Partners has entered into the Management Agreements (as defined herein) with the Manager, pursuant to which the Manager agreed to provide commercial and technical management services to Navios Partners. When negotiating on behalf of Navios Partners’ various vessel employment contracts, the Manager has policies in place to ensure that they trade with customers and counterparties with an appropriate credit history.

Financial instruments that potentially subject Navios Partners to concentrations of credit risk are accounts receivable and cash and cash equivalents. Navios Partners does not believe its exposure to credit risk is likely to have a material adverse effect on its financial position, results of operations or cash flows. See Note 4 – Accounts receivable, net.

Liquidity Risk: Prudent liquidity risk management implies maintaining sufficient cash and marketable securities, the availability of funding through an adequate amount of committed credit facilities and financial liabilities and the ability to close out market positions. Navios Partners monitors cash balances appropriately to meet working capital needs.

Foreign Exchange Risk: Foreign currency transactions are translated into the measurement currency rates prevailing at the dates of transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies are recognized in the Consolidated Statements of Operations.

(v)

Cash Distribution: As per the partnership agreement, within 45 days following the end of each quarter, to the extent and as may be declared by the Board, an amount equal to 100% of available cash, as defined therein, with respect to such quarter shall be distributed to the partners as of the record date selected by the Board of Directors.

Cash distributions are recorded in the Company’s financial statements in the period in which they are declared. Navios Partners paid $6,132, $6,160 and $6,163 to its unitholders of common and general partnership units during the years ended December 31, 2024, 2023 and 2022, respectively.

(w)

Stock-based compensation: In February 2019, December 2019 and December 2018, Navios Partners granted restricted common units to its directors and officers, which are based solely on service conditions and vest over four years each, respectively. Following the completion of the merger with Navios Maritime Acquisition Corporation (“Navios Acquisition”), Navios Partners assumed 8,116, after exchange on a 1 to 0.1275 basis, restricted common units granted in December 2018 to directors and officers of Navios Acquisition, which were based solely on service conditions and vested over four years. Compensation expense, net of estimated forfeitures, is recognized based on a graded expense model over the vesting period.

Navios Partners vested 0, 1,001 and 29,216 restricted common units during the years ended December 31, 2024, 2023 and 2022, respectively. See Note 13 – Repurchases and issuance of units.

(x)

Income Taxes: The Company is a Marshall Islands Corporation. Pursuant to various treaties and the United States Internal Revenue Code, the Company believes that substantially all its operations are exempt from income taxes in the Marshall Islands and the United States of America. Under the laws of the Marshall Islands, Liberia, Cayman Islands, Hong Kong, British Virgin Islands, Panama and Belgium, the countries of the vessel-owning subsidiaries’ incorporation and/or redomiciliation and/or vessels’ registration, the vessel-owning subsidiaries are subject to registration and tonnage taxes which have been presented under the caption “Other expense” in the Consolidated Statements of Operations.

(y)

Earnings/(Losses) Per Unit: Basic earnings/(losses) per unit is computed by dividing net income/(loss) attributable to Navios Partners’ common unitholders by the weighted average number of common units outstanding during the periods presented. Diluted earnings per unit reflect the potential dilution that would occur if securities or other contracts to issue common units were exercised or converted. 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.

(z)

Guarantees: An asset for the fair value of a right undertaken in issuing the guarantee is recognized. The recognition of fair value is not required for certain guarantees such as the parent’s guarantee of a subsidiary’s debt to a third party or

guarantees on product warranties. For those guarantees excluded from the above guidance requiring the fair value recognition of the asset, financial statement disclosures of their terms are made.

(aa)

Leases for Lessors: Vessel leases where Navios Partners is regarded as the lessor are classified as either operating leases or sales type/ direct financing leases, based on an assessment of the terms of the lease. All Company’s leases, for which the Company acts as lessor, are classified as operating leases.

For charters classified as operating leases where Navios Partners is regarded as the lessor, see Note 2(t) – Summary of significant accounting policies.

(bb)

Leases for Lessees: Vessel leases, where Navios Partners is regarded as the lessee, are classified as either operating leases or finance leases, based on an assessment of the terms of the lease. According to the provisions of ASC 842-20-30-1, at the commencement date, the Company shall measure both of the following: a) The lease liability at the present value of the lease payments not yet paid, discounted using the discount rate for the lease at lease commencement and b) The right-of-use asset, which shall consist of all of the following: (i) the amount of the initial measurement of the lease liability; (ii) any lease payments made to the lessor at or before the commencement date, minus any lease incentives received; and (iii) any initial direct costs incurred by the lessee.

After lease commencement, the Company measures the lease liability for operating leases at the present value of the remaining lease payments using the discount rate determined at lease commencement. The right-of-use asset is subsequently measured at the amount of the remeasured lease liability, adjusted for the remaining balance of any lease incentives received, any cumulative prepaid or accrued rent if the lease payments are uneven throughout the lease term and any unamortized initial direct costs. Any changes made to leased assets to customize it for a particular use or need of the lessee are capitalized as leasehold improvements. Amounts attributable to leasehold improvements are presented separately from the related right-of-use asset. In cases of operating lease agreements that meet the definition of ASC 842 for a short-term lease (the lease has a lease term of 12 months or less) and does not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise, the Company makes the short-term lease election at the commencement date and does not recognize a lease liability or right-of-use asset on its balance sheet but, recognizes lease payments on a straight-line basis over the lease term. For charters classified as operating leases, lease expense is recognized on a straight line basis over the rental periods of such charter agreements and is included under the caption “Time charter and voyage expenses” in the Consolidated Statements of Operations.

After lease commencement, the Company measures the lease liability for finance leases by increasing the carrying amount to reflect interest on the lease liability and reducing the carrying amount to reflect the lease payments made during the period. The right-of-use asset is amortized from the lease commencement date to the remaining useful life of the underlying asset since the Company has either the obligation or is reasonably certain to exercise its option to purchase the underlying asset. For finance leases, interest expense is determined using the effective interest method and is included under the caption “Interest expense and finance cost, net” in the Consolidated Statements of Operations, whereas amortization on the right-of-use asset is recognized on a straight line basis over the useful life of such asset and is included under the caption “Depreciation and amortization of intangible assets” in the Consolidated Statements of Operations.

In cases of the termination of a lease that results from the purchase of an underlying asset during the lease term, the Company recognizes any difference between the purchase price and the carrying amount of the lease liability immediately before the purchase as an adjustment of the carrying amount of the asset.

In cases of sale and leaseback transactions, if the transfer of the asset to the lessor does not qualify as a sale, then the transaction constitutes a failed sale and leaseback and is accounted for as a financing transaction. For a sale to have occurred, the control of the asset would need to be transferred to the buyer, and the buyer would need to obtain substantially all the benefits from the use of the asset.

Lease assets used by Navios Partners are reviewed periodically for potential impairment whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. Measurement of the impairment loss is based on the fair value of the lease asset, which is determined: (a) by calculating the operating lease asset’s discounted projected net operating cash flows based on management estimates and assumptions by making use of available market and company data and (b) on the basis of management estimates and assumptions by making use of available market data and taking into consideration third party valuations performed on an individual vessel basis of the finance lease asset. In evaluating carrying values of operating and finance lease assets, certain indicators of potential impairment are reviewed, such as obsolesce or significant damage to the asset, business plans, overall market conditions and market economic outlook.

When the impairment indicators are present for any bareboat/time chartered-in vessel, the Company calculates the sum of the undiscounted projected net operating cash flows for such vessel and compares it to its carrying value (the “recoverability test”). Undiscounted projected net operating cash flow analysis is performed by considering various assumptions and covers the remaining lease term/ economic life of right-of-use assets under operating and finance leases, respectively. These assumptions include revenue from existing time charters for fixed fleet days based on rates under the Company’s remaining charter-out agreements and an estimated daily time charter equivalent rate for unfixed days. The latter is determined by using an average of

historical time charter-out rates. Revenue is included in the analysis net of brokerage and address commissions and commercial management fee, and excludes days associated with scheduled off-hires (for the bareboat/time chartered-in vessels), scheduled dry-dockings or special surveys. The analysis also incorporates estimates of scrap values. Planned expenditures for dry-dockings or special surveys are based on Navios Partners’ budget. Vessel operating expenses are based on industry data, assuming a 3.0% increase every second year for the bareboat/time chartered-in vessels starting in 2025. The utilization rate is based on the fleet’s historical performance. If the recoverability test indicates that impairment loss should be recognized, the determination of the lease asset’s fair value using discounted projected net operating cash flows requires the determination of the Company’s relevant discount factor.

(cc)

Financial Instruments and Fair Value: Guidance on fair value measurements provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level I measurements) and the lowest priority to unobservable inputs (Level III measurements). A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. In determining the appropriate levels, the Company performs a detailed analysis of the assets and liabilities that are subject to guidance on fair value measurements.

(dd)

Other Comprehensive Income: The Company follows the provisions of ASC 220, “Comprehensive Income”, which requires separate presentation of certain transactions, which are recorded directly as components of equity. The Partnership has no such transactions affecting other comprehensive income and accordingly, for the years ended December 31, 2024, 2023 and 2022, comprehensive income equaled net income.

(ee)

Treasury units: Treasury units are units that are repurchased by the issuing entity, reducing the number of outstanding units in the open market. When units are repurchased, they may either be cancelled or held for reissue. If not cancelled, such units are referred to as treasury units. Treasury units are essentially the same as unissued capital and reduces ordinary partners’ capital. The cost of the acquired units is shown as a deduction from common unitholders’ capital. Dividends on such units held in the entity’s treasury are not reflected as income and not shown as a reduction in partners’ capital. Gains and losses on sales of treasury units are accounted for as adjustments to partners’ capital and not as part of income. Depending on whether the units are acquired for reissuance or retirement, treasury units is accounted for under the cost method or the constructive retirement method. The cost method is also used, when reporting entity management has not made decisions as to whether the reacquired units will be retired, held indefinitely or reissued. The Company has elected for the repurchase of its common units to be accounted for under the cost method. Under this method, the treasury units account is charged for the aggregate cost of units reacquired.

(ff)

 Recent Accounting Pronouncements - Adopted: In November 2023, the Financial Standards Accounting Board (FASB) issued Accounting Standards Update (ASU) No. 2023-07 - Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU updates the annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for annual periods beginning after December 15, 2023, and for interim periods beginning after December 15, 2024. Early adoption is also permitted. The Company adopted this ASU during the year ended December 31, 2024. The adoption of this guidance modified the Company’s segment disclosures but had no impact on results of operations, cash flows or financial condition.

(gg)

Recent Accounting Pronouncements - Not yet adopted: In November 2024, the FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses”. The standard is intended to require more detailed disclosure about specified categories of expenses (including employee compensation, depreciation, and amortization) included in certain expense captions presented on the face of the income statement. This ASU is effective for fiscal years beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The amendments may be applied either prospectively to financial statements issued for reporting periods after the effective date of this ASU or retrospectively to all prior periods presented in the financial statements. The Company is currently assessing the impact this standard will have on its consolidated financial statements.

Description of Business

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Description of Business

NOTE 1 – DESCRIPTION OF BUSINESS

Navios Maritime Partners L.P. (“Navios Partners” or the “Company”), is an international owner and operator of dry cargo and tanker vessels, formed on August 7, 2007 under the laws of the Republic of the Marshall Islands.

Navios Partners is engaged in the seaborne transportation services of a wide range of liquid and dry cargo commodities including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer and also containers, chartering its vessels under short, medium and longer-term charters. The operations of Navios Partners are managed by Navios Shipmanagement Inc. and its affiliates (the “Manager”), which are entities affiliated with the Company’s Chairwoman and Chief Executive Officer (see Note 17 – Transactions with related parties and affiliates).

As of December 31, 2024, there were 29,694,433 outstanding common units and 622,296 general partnership units. Angeliki Frangou, our Chief Executive Officer and Chairwoman beneficially owns an approximately 17.0% common interest of the total outstanding common units including 4,672,314 common units held through four entities affiliated with her. An entity affiliated with Angeliki Frangou beneficially owns 622,296 general partnership units, representing an approximately 2.1% ownership interest in Navios Partners based on all outstanding common units and general partnership units (see Note 17 – Transactions with related parties and affiliates).

Intangible Assets and Liabilities - Intangible Assets, Favorable Lease (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 60,431
Ending balance	42,311	$ 60,431
Cost [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	211,644	211,644	$ 195,854
Additions/ (Amortization)	0	0	15,790
Ending balance	211,644	211,644	211,644
Accumutaled Amortization [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	(151,213)	(132,928)	(95,432)
Additions/ (Amortization)	(18,120)	(18,285)	(37,496)
Ending balance	(169,333)	(151,213)	(132,928)
Net Book Value [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	60,431	78,716	100,422
Additions/ (Amortization)	(18,120)	(18,285)	(21,706)
Ending balance	$ 42,311	$ 60,431	$ 78,716

Accrued expenses

12 Months Ended

Dec. 31, 2024

Accrued Expenses

Accrued expenses

NOTE 9 – ACCRUED EXPENSES

Accrued expenses as of December 31, 2024 and 2023 consisted of the following:


	December 31, 2024		December 31, 2023
Accrued voyage expenses	$	17,731	$	10,641
Accrued loan interest		7,944		7,420
Accrued legal and professional fees		8,190		5,547
Total accrued expenses	$	33,865	$	23,608

As of December 31, 2024 and December 31, 2023, the amount of $5,893 and $4,016, respectively, was included in accrued legal and professional fees that was authorized and approved by the Compensation Committee of Navios Partners in December 2024 and 2023, respectively, to the directors and officers of the Company, subject to fulfillment of certain service conditions that were provided and completed as of December 31, 2024, and as of December 31, 2023, respectively. The total amount of $11,400, $9,855 and $7,605 was presented under the caption “General and administrative expenses” in the Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022, respectively, and comprised of compensation authorized to the directors and officers of the Company.

Borrowings - Maturity of Long Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
2025	$ 272,035
2026	345,207
2027	283,352
2028	293,736
2029	241,480
2030 and thereafter	717,358
Total borrowings	$ 2,153,168	$ 1,878,977

Interest Expense and Finance Cost, Net

12 Months Ended

Dec. 31, 2024

Interest and Debt Expense [Abstract]

Interest Expense and Finance Cost, Net

NOTE 11 – INTEREST EXPENSE AND FINANCE COST, NET

Interest expense and finance cost, net for the years ended December 31, 2024, 2023 and 2022 consisted of the following:


	Year Ended December 31, 2024			Year Ended December 31, 2023			Year Ended December 31, 2022
Interest expense incurred on credit facilities and financial liabilities	$	110,830		$	110,818		$	71,508
Interest expense incurred on finance lease liabilities		28,602			30,313			12,243
Interest expense capitalized related to deposits for vessel acquisitions		(23,209	)		(19,457	)		(6,537	)
Amortization of finance charges		7,841			7,188			5,349
Discount effect of long-term assets and other finance costs		465			4,780			528
Total interest expense and finance cost, net	$	124,529		$	133,642		$	83,091

Interest expense incurred on deposits for vessels acquisitions was initially capitalized under the caption “Deposits for vessels acquisitions” in the Consolidated Balance Sheets.

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 367,308	$ 433,645	$ 579,247

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/exampleRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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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/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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Reference 33: http://www.xbrl.org/2003/role/disclosureRef
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Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 35: http://www.xbrl.org/2003/role/disclosureRef
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Reference 36: http://www.xbrl.org/2003/role/disclosureRef
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Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
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-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Vessels, Net (Details) - USD ($) $ in Thousands		2 Months Ended	10 Months Ended		12 Months Ended
Vessels, Net (Details) - USD ($) $ in Thousands	Feb. 05, 2023	Mar. 06, 2023	Nov. 09, 2023	Oct. 16, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Beginning balance					$ 3,734,671
Additions/ Remeasurement of finance lease liability/ (Depreciation)	$ 35,605		$ 66,733
Transfers to owned vessels		$ 53,232		$ 27,555	164,398
Ending balance					4,241,292	$ 3,734,671
Vessels [Member] \| Cost [Member]
Property, Plant and Equipment [Line Items]
Beginning balance		4,292,150	4,292,150	4,292,150	4,423,461	4,292,150	$ 3,220,627
Additions/ Remeasurement of finance lease liability/ (Depreciation)					1,065,949	432,773	1,202,206
Disposals/ Impairment						(301,462)	(130,683)
Disposals/ Impairment/ Transfers to owned vessels					(438,644)
Ending balance					5,050,766	4,423,461	4,292,150
Vessels [Member] \| Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Beginning balance		(514,821)	(514,821)	(514,821)	(688,790)	(514,821)	(368,057)
Additions/ Remeasurement of finance lease liability/ (Depreciation)					(209,950)	(199,135)	(163,941)
Disposals						25,166	17,177
Disposals/ Transfers to owned vessels					89,266
Ending balance					(809,474)	(688,790)	(514,821)
Vessels [Member] \| Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Beginning balance		$ 3,777,329	$ 3,777,329	$ 3,777,329	3,734,671	3,777,329	2,852,570
Additions/ Remeasurement of finance lease liability/ (Depreciation)					855,999	233,638	1,038,265
Disposals/ Impairment						(276,296)	(113,506)
Disposals/ Impairment/ Transfers to owned vessels					(349,378)
Ending balance					4,241,292	3,734,671	$ 3,777,329
Owned Vessels [Member] \| Cost [Member]
Property, Plant and Equipment [Line Items]
Beginning balance					3,782,032
Additions/ Remeasurement of finance lease liability/ (Depreciation)					1,040,523
Disposals/ Impairment					(228,261)
Ending balance					4,594,294	3,782,032
Owned Vessels [Member] \| Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Beginning balance					(656,531)
Additions/ Remeasurement of finance lease liability/ (Depreciation)					(188,059)
Disposals					69,112
Ending balance					(775,478)	(656,531)
Owned Vessels [Member] \| Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Beginning balance					3,125,501
Additions/ Remeasurement of finance lease liability/ (Depreciation)					852,464
Disposals/ Impairment					(159,149)
Ending balance					3,818,816	3,125,501
Right-of-use assets under finance lease [Member] \| Cost [Member]
Property, Plant and Equipment [Line Items]
Beginning balance					641,429
Additions/ Remeasurement of finance lease liability/ (Depreciation)					25,426
Transfers to owned vessels					(210,383)
Ending balance					456,472	641,429
Right-of-use assets under finance lease [Member] \| Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Beginning balance					(32,259)
Additions/ Remeasurement of finance lease liability/ (Depreciation)					(21,891)
Transfers to owned vessels					20,154
Ending balance					(33,996)	(32,259)
Right-of-use assets under finance lease [Member] \| Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Beginning balance					609,170
Additions/ Remeasurement of finance lease liability/ (Depreciation)					3,535
Transfers to owned vessels					(190,229)
Ending balance					$ 422,476	$ 609,170

Cash Distributions and Earnings per Unit - Schedule of earnings per unit, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 367,308	$ 433,645	$ 579,247
Income attributable to:
Common unitholders	$ 359,867	$ 424,974	$ 567,662
Earnings per unit basic:	$ 11.98	$ 14.08	$ 18.82
Earnings per unit diluted:	$ 11.98	$ 14.08	$ 18.82
Limited Partner [Member]
Income attributable to:
Common unitholders	$ 359,867	$ 424,974	$ 567,662
Weighted average units outstanding basic:	30,029,279	30,183,428	30,155,148
Earnings per unit basic:	$ 11.98	$ 14.08	$ 18.82
Weighted average units outstanding diluted	30,029,279	30,184,388	30,156,149
Earnings per unit diluted:	$ 11.98	$ 14.08	$ 18.82
Earnings per unit distributed basic:	0.2	0.2	0.2
Earnings per unit distributed diluted:	0.2	0.2	0.2
Earnings per unit - undistributed basic:	11.78	13.88	18.62
Earnings per unit undistributed diluted	$ 11.78	$ 13.88	$ 18.62

CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Distribution Made to Limited Partner, Distributions Paid, Per Unit	$ 0.2	$ 0.2	$ 0.2

Accounts payable (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Accounts Payable
Creditors	$ 9,635	$ 17,097
Brokers	7,323	6,918
Professional and legal fees	805	1,473
Total accounts payable	$ 17,763	$ 25,488

Summary of significant accounting policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting Policies - Entities included in the consolidation

The accompanying consolidated financial statements include the following entities:

          Company name

          Vessel name

          Country of
incorporation

          2024

          2023

          2022

          Aegean Sea Maritime Holdings Inc.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Afros Maritime Inc.

          Operating Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Agistri Shipping Limited

          Operating Subsidiary

          Malta

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Agron Navigation Company(3)

          Navios Azalea

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Alatas Shipping Corporation(9)

TBN XX

Marshall Is.

5/20–12/31

—

—

          Aldebaran Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Alegria Shipping Corporation(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Alimia Shipping Corporation(10)

TBN XVI

Marshall Is.

5/30–12/31

—

—

          Alkmene Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Alonnisos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Amaryllis Shipping Inc.(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ambracia Navigation Company(3)

          Navios Primavera

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Amindra Navigation Co.

          Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ammos Shipping Corp.(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Amorgos Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Anafi Shipping Corporation

          Navios Sky

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Andromeda Shiptrade Limited(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Andros Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Anthimar Marine Inc.

          Navios Amarillo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Antikithira Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Antiparos Shipping Corporation

          Nave Atria

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Antipaxos Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Antipsara Shipping Corporation

          Nave Velocity

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Aramis Navigation Inc.

          Navios Azimuth

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Arkoi Shipping Corporation(1)

Navios Coral

Marshall Is.

3/14–12/31

—

—

          Artala Shipping Co.(2)

          Navios Sakura

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Asteroid Shipping S.A.

          Navios Herakles I

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

          Astrovalos Shipping Corporation(1)

          Nave Cosmos

          Marshall Is.

          1/01–12/31

          1/01–12/31

          4/26–12/31

Astypalaia Shipping Corporation(1)

Navios Amber

Marshall Is.

3/14–12/31

—

—

Atokos Shipping Corporation(2)

Navios Horizon I

Marshall Is.

1/01–12/31

7/18–12/31

—

          Aurora Shipping Enterprises Ltd.

          Navios Hope

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Avery Shipping Company

          Navios Symphony

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Azalea Shipping Inc.

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Balder Maritime Ltd

          Navios Koyo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Bato Marine Corp.(3)

          Navios Armonia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Bertyl Ventures Co.

          Navios Azure

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Beryl Shipping Corporation

          Hyundai Tokyo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Boheme Navigation Company

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Bole Shipping Corporation

          Spectrum N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Boysenberry Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Brandeis Shipping Corporation

          Ete N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Buff Shipping Corporation

          Fleur N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cadmium Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Calliope Shipping Corporation(1)

          Zim Condor

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Camelia Shipping Inc.(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Casual Shipholding Co.

          Navios Sol

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cavalli Navigation Inc.(18)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cavos Navigation Co.

          Navios Libra

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Celadon Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cerulean Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Chalki Shipping Corporation(9)

TBN VI

Marshall Is.

1/01–12/31

5/31–12/31

—

          Chernava Marine Corp.

          Navios Bahamas

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cheryl Shipping Corporation

          Hyundai Shanghai

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Chilali Corp.

          Navios Aurora II

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Christal Shipping Corporation

          Hyundai Busan

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Citrine Shipping Corporation(12)

Former Vessel-Owning Company

Marshall Is.

—

1/01–2/21

1/01–12/31

          Clan Navigation Limited

          Navios Devotion

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cloud Atlas Marine S.A.

          Navios Uranus

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

          Coasters Ventures Ltd

          Navios Christine B

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Corsair Shipping Ltd.(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Crayon Shipping Ltd

          Navios Miami

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Crete Shipping Corporation

          Nave Cetus

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cronus Shipping Corporation(14)

          Protostar N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Customized Development S.A.(19)

          Navios Fulvia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cyrus Investments Corp.

          Baghdad

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Delos Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Despotiko Shipping Corporation(1)

Nave Polaris

Marshall Is.

1/01–12/31

9/05–12/31

—

          Dione Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Dionysus Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Donoussa Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Doxa International Corp.

          Nave Electron

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ducale Marine Inc.

          Navios Etoile

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

Dune Shipping Corp.(12)

Former Vessel-Owning Company

Marshall Is.

—

1/01–2/21

1/01–12/31

          Ebba Navigation Limited

          Navios Destiny

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Elafonisos Shipping Corporation(8)

          TBN II

          Marshall Is.

          1/01–12/31

          1/01–12/31

          10/19–12/31

          Emery Shipping Corporation

          Navios Gem

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Enplo Shipping Limited

          Navios Verde

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Erato Shipmanagement Corporation(1)

          Zim Pelican

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Ereikousa Shipping Corporation(9)

TBN XI

Marshall Is.

1/01–12/31

5/24–12/31

—

          Esmeralda Shipping Corporation

          Navios Sphera

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Euterpe Shipping Corporation(1)

          Hawk I (ex Zim Hawk)

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Evian Shiptrade Ltd

          Matson Lanai

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Fairy Shipping Corporation(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Faith Marine Ltd.(19)

          Navios Altamira

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Fandango Shipping Corporation

          Unity N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Fantastiks Shipping Corporation

          Navios Fantastiks

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Felicity Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Finian Navigation Co.

          Navios Ace

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Flavescent Shipping Corporation

          Odysseus N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Floral Marine Ltd.

          Navios Buena Ventura

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Folegandros Shipping Corporation

          Nave Andromeda

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Galaxy Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Galera Management Company(2)

          Navios Amethyst

          Marshall Is.

          1/01–12/31

          1/01–12/31

          6/24–12/31

Galileo Shipping Corporation(14)

Navios Galileo

Marshall Is.

9/17–12/31

—

—

Gatsby Maritime Company(9)

TBN IV

Marshall Is.

1/01–12/31

1/03–12/31

—

          Gavdos Shipping Corporation(1)

          Nave Photon

          Marshall Is.

          1/01–12/31

          1/01–12/31

          4/26–12/31

Gemini Shipping Corporation(12)

Former Vessel-Owning Company

Marshall Is.

—

1/01–2/07

1/01–12/31

          Goddess Shiptrade Inc.(3)

          Navios Astra

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Goldie Services Company(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Golem Navigation Limited

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Happiness Shipping Corporation

Navios Happiness

Marshall Is.

9/17–12/31

—

—

          Highbird Management Inc.

          Navios Celestial

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Hyperion Enterprises Inc.(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ianthe Maritime S.A.

          Navios Aster

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ikaria Shipping Corporation

          Nave Aquila

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Iliada Shipping S.A.

          Operating Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Inastros Maritime Corp.

          Navios Chrysalis

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ios Marine Corporation(20)

          Nave Cielo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Iraklia Shipping Corporation

          Bougainville

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Iris Shipping Corporation

          N Amalthia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Isolde Shipping Inc.

          Navios Indigo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ithaki Shipping Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          4/26–12/31

          Jasmer Shipholding Ltd

          Navios Nerine

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Jasmine Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Jaspero Shiptrade S.A.

          Navios Jasmine

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Joy Shipping Corporation

          Navios Joy

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          JTC Shipping and Trading Ltd(13)

          Operating Company

          Malta

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Karpathos Shipping Corporation(7)

          HMM Ocean

          Marshall Is.

          1/01–12/31

          1/01–12/31

          6/22–12/31

          Kastelorizo Shipping Corporation(8)

          TBN I

          Marshall Is.

          1/01–12/31

          1/01–12/31

          10/19–12/31

Kastos Shipping Corporation(9)

TBN XII

Marshall Is.

1/01–12/31

5/24–12/31

—

          Kerkyra Shipping Corporation

          Nave Galactic

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Keros Shipping Corporation(9)

TBN XIX

Marshall Is.

5/20–12/31

—

—

          Kimolos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Kinaros Shipping Corporation(1)

Navios Citrine

Marshall Is.

3/14–12/31

—

—

          Kithira Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Kleio Shipping Corporation(1)

          Zim Seagull

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Kohylia Shipmanagement S.A.

          Navios Luz

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Kos Shipping Corporation

          Nave Bellatrix

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Koufonisi Shipping Corporation(2)

          Navios Felix

          Marshall Is.

          1/01–12/31

          1/01–12/31

          11/11–12/31

          Kymata Shipping Co.

          Navios Helios

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Lavender Shipping Corporation

          Navios Ray

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Lefkada Shipping Corporation

          Nave Buena Suerte

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Legato Shipholding Inc.

          Navios Tempo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Leros Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Letil Navigation Ltd

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Leto Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Levitha Shipping Corporation(10)

TBN XV

Marshall Is.

5/30–12/31

—

—

          Libra Shipping Enterprises Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Limestone Shipping Corporation(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Limnos Shipping Corporation

          Nave Pyxis

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Makri Shipping Corporation(1)

Navios Utmost

Marshall Is.

1/01–12/31

9/05–12/31

—

          Makronisos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Mandora Shipping Ltd

          Navios Centaurus

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Mathraki Shipping Corporation(9)

TBN X

Marshall Is.

1/01–12/31

7/18–12/31

—

Meganisi Shipping Corporation(1)

Navios Unite

Marshall Is.

1/01–12/31

9/05–12/31

—

          Melpomene Shipping Corporation(2)

          Sparrow

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Mesta Shipping Corporation(10)

TBN XXII

Marshall Is.

8/26–12/31

—

—

          Micaela Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Migen Shipmanagement Ltd

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Moonstone Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Morganite Shipping Corporation(2)

          Navios Meridian

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Morven Chartering Inc.

          Navios Verano

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Muses Shipping Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Mytilene Shipping Corporation

          Nave Orion

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          NAV Holdings Limited

          Sub-Holding Company

          Malta

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Navios Acquisition Europe Finance Inc.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Acquisition Finance (US) Inc.(15)

          Co-Issuer of Ship Mortgage Notes

          Delaware

          1/01–10/07

          1/01–12/31

          1/01–12/31

          Navios International Inc.

          Operating Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

          Navios Maritime Acquisition Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Containers Sub LP

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Midstream Operating LLC

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Midstream Partners Finance (US) Inc.(15)

          Sub-Holding Company

          Delaware

          1/01–10/07

          1/01–12/31

          1/01–12/31

          Navios Maritime Midstream Partners GP LLC

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Midstream Partners L.P.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Operating L.L.C.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Partners L.P.

          N/A

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Partners Containers Finance Inc.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Partners Containers Inc.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Partners Europe Finance Inc.

          Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Partners Finance (US) Inc.(15)

          Co-Borrower

          Delaware

          1/01–10/07

          1/01–12/31

          1/01–12/31

          Nefeli Navigation S.A.

          Navios Unison

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Nisyros Shipping Corporation(7)

Nave Neutrino

Marshall Is.

1/01–12/31

9/05–12/31

—

          Nostos Shipmanagement Corp.

          Navios Bonavis

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Oceanus Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Oinousses Shipping Corporation

          Nave Jupiter

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Olivia Enterprises Corp.

          Erbil

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Olympia II Navigation Limited

          Navios Domino

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Opal Shipping Corporation

          Rainbow N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Orbiter Shipping Corp.(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Othonoi Shipping Corporation(9)

TBN IX

Marshall Is.

1/01–12/31

7/18–12/31

—

Palermo Shipping S.A.(12)

Former Vessel-Owning Company

Marshall Is.

—

1/01–2/07

1/01–12/31

          Pandora Marine Inc.

          Navios Melodia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Patmos Shipping Corporation(7)

          HMM Sky

          Marshall Is.

          1/01–12/31

          1/01–12/31

          6/22–12/31

          Paxos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Pearl Shipping Corporation

          Navios Sun

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Peran Maritime Inc.

          Zim Baltimore

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Perigiali Navigation Limited(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Perivoia Shipmanagement Co.

          Navios Amitie

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Persephone Shipping Corporation

          Hector N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Pharos Navigation S.A.

          Navios Phoenix

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Pingel Navigation Limited

          Matson Oahu (ex 'Navios Delight)

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Pleione Management Limited

          Navios Star

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Polyaigos Shipping Corporation(10)

TBN VII

Marshall Is.

1/01–12/31

7/04–12/31

—

          Polymnia Shipping Corporation(1)

          Zim Albatross

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Poros Marine Shipping Corporation(10)

TBN XVII

Marshall Is.

6/20–12/31

—

—

          Prometheus Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Prosperity Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Proteus Shiptrade S.A.

          Carmel I

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Psara Shipping Corporation

          Nave Luminosity

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Pserimos Shipping Corporation(9)

TBN V

Marshall Is.

1/01–12/31

5/31–12/31

—

          Pueblo Holdings Ltd

          Navios Lumen

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

Pyrgi Shipping Corporation(9)

TBN XXI

Marshall Is.

8/26–12/31

—

—

          Red Rose Shipping Corp.

          Navios Bonheur

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Rhea Shipping Corporation(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Rhodes Shipping Corporation

          Nave Cassiopeia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Rider Shipmanagement Inc.

          Navios Felicity I

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

Rineia Shipping Corporation(11)

TBN XVIII

Marshall Is.

6/20–12/31

—

—

          Rodman Maritime Corp.(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Rondine Management Corp.

          Navios Victory

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Roselite Shipping Corporation

          Navios Corali

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Rubina Shipping Corporation

          Hyundai Hongkong

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Rumer Holding Ltd.

          Navios Antares

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Sagittarius Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Samos Shipping Corporation

          Nave Synergy

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Samothrace Shipping Corporation

          Nave Pulsar

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Santorini Shipping Corporation(10)

TBN XIII

Marshall Is.

2/20–12/31

—

—

          Schinousa Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Serifos Shipping Corporation

          Nave Estella

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Seymour Trading Limited

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shikhar Ventures S.A.(17)

          Navios Stellar

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Shinyo Dream Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Kannika Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Kieran Limited(21)

          Nave Universe

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Loyalty Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Navigator Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Ocean Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Saowalak Limited(21)

          Nave Constellation

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Sifnos Shipping Corporation

          Nave Titan

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Sikinos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Silvanus Marine Company

          Navios Summer

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Skiathos Shipping Corporation

          Nave Capella

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Skopelos Shipping Corporation(20)

          Nave Ariadne

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Skyros Shipping Corporation

          Nave Sextans

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Solange Shipping Ltd.

          Navios Avior

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Spetses Marine Shipping Corporation(1)

Navios Venus

Marshall Is.

6/26–12/31

—

—

          Sui An Navigation Limited

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Sunstone Shipping Corporation

          Copernicus N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Surf Maritime Co.

          Navios Pollux

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Syros Shipping Corporation

          Nave Alderamin

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Talia Shiptrade S.A.

          Navios Magellan II

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

          Tarak Shipping Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          4/26–12/31

Taurus Marine Corporation(4)

Former Vessel-Owning Company

Marshall Is.

9/26–12/31

—

—

          Terpsichore Shipping Corporation(1)

          Zim Falcon

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Teuta Maritime S.A.(2)

          Navios Altair

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Thalassa Marine S.A.

          Navios Galaxy II

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29-12/31

          Thalia Shipping Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Thasos Shipping Corporation

          Nave Equinox

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Thera Shipping Corporation

          Nave Atropos

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Theros Ventures Limited

          Navios Lapis

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Thetida Marine Co.

          Navios Magnolia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Thirasia Shipping Corporation(10)

TBN XIV

Marshall Is.

2/20–12/31

—

—

          Tilos Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Tinos Shipping Corporation

          Nave Rigel

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Topaz Shipping Corporation

          Hyundai Singapore

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Triangle Shipping Corporation

          Navios Mars

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Trikeri Shipping Corporation(10)

TBN VIII

Marshall Is.

1/01–12/31

7/04–12/31

—

          Tzia Shipping Corporation(3)

          Nave Celeste

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Urania Shipping Corporation(1)

          Zim Eagle

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Vatselo Enterprises Corp.(3)

          Navios Alegria

          Marshall Is.

          1/01–12/31

          1/01–12/31

          6/24–12/31

Vega Shipping Corporation

Navios Vega

Marshall Is.

9/17–12/31

—

—

          Veja Navigation Company

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Velour Management Corp.

          Navios Vermilion

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Velvet Shipping Corporation

          Navios La Paix

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Venetiko Shipping Corporation(1)

Navios Dolphin

Marshall Is.

3/14–12/31

—

—

          Vernazza Shiptrade Inc.

          Navios Canary

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Vinetree Marine Company

          Operating Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Vythos Marine Corp.

          Navios Constellation

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Wenge Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          White Narcissus Marine S.A.(14), (16)

          Navios Asteriks

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Zakynthos Shipping Corporation

          Nave Quasar

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Ziggy Shipping Limited (8)

TBN III

Marshall Is.

1/01–12/31

1/03–12/31

—

          Zoner Shiptrade S.A.

          Navios Dorado

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

(1) The vessel was delivered/ acquired in 2024.

(2) The vessel was delivered/ acquired in 2023.

(3) The vessel was delivered/ acquired in 2022.

(4) The vessel was sold in 2024.

(5) The vessel was sold in 2023.

(6) The vessel was sold in 2022.

(7) The vessel was delivered/ acquired in 2025.

(8) Expected to be delivered in 2025.

(9) Expected to be delivered in 2026.

(10) Expected to be delivered in 2027.

(11) Expected to be delivered in 2028.

(12) The company was dissolved in 2023.

(13) Not a vessel-owning subsidiary and only holds right to charter-in contracts.

(14) The vessel is agreed to be sold in 2025.

(15) The company was dissolved in 2024.

(16) The entity was redomiciled from Panama to the Marshall Islands on November 5, 2024.

(17) The entity was redomiciled from Liberia to the Marshall Islands on November 6, 2024.

(18) The entity was redomiciled from Liberia to the Marshall Islands on November 8, 2024.

(19) The entity was redomiciled from Liberia to the Marshall Islands on November 12, 2024.

(20) The entity was redomiciled from Cayman Islands to the Marshall Islands on November 18, 2024.

(21) The entity was redomiciled from British Virgin Islands to the Marshall Islands on November 22, 2024.

Summary of significant accounting policies (Policies)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Basis of presentation

(a)

Basis of presentation: The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Principles of consolidation

(b)

The accompanying consolidated financial statements include the following entities:

          Company name

          Vessel name

          Country of
incorporation

          2024

          2023

          2022

          Aegean Sea Maritime Holdings Inc.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Afros Maritime Inc.

          Operating Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Agistri Shipping Limited

          Operating Subsidiary

          Malta

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Agron Navigation Company(3)

          Navios Azalea

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Alatas Shipping Corporation(9)

TBN XX

Marshall Is.

5/20–12/31

—

—

          Aldebaran Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Alegria Shipping Corporation(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Alimia Shipping Corporation(10)

TBN XVI

Marshall Is.

5/30–12/31

—

—

          Alkmene Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Alonnisos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Amaryllis Shipping Inc.(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ambracia Navigation Company(3)

          Navios Primavera

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Amindra Navigation Co.

          Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ammos Shipping Corp.(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Amorgos Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Anafi Shipping Corporation

          Navios Sky

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Andromeda Shiptrade Limited(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Andros Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Anthimar Marine Inc.

          Navios Amarillo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Antikithira Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Antiparos Shipping Corporation

          Nave Atria

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Antipaxos Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Antipsara Shipping Corporation

          Nave Velocity

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Aramis Navigation Inc.

          Navios Azimuth

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Arkoi Shipping Corporation(1)

Navios Coral

Marshall Is.

3/14–12/31

—

—

          Artala Shipping Co.(2)

          Navios Sakura

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Asteroid Shipping S.A.

          Navios Herakles I

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

          Astrovalos Shipping Corporation(1)

          Nave Cosmos

          Marshall Is.

          1/01–12/31

          1/01–12/31

          4/26–12/31

Astypalaia Shipping Corporation(1)

Navios Amber

Marshall Is.

3/14–12/31

—

—

Atokos Shipping Corporation(2)

Navios Horizon I

Marshall Is.

1/01–12/31

7/18–12/31

—

          Aurora Shipping Enterprises Ltd.

          Navios Hope

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Avery Shipping Company

          Navios Symphony

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Azalea Shipping Inc.

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Balder Maritime Ltd

          Navios Koyo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Bato Marine Corp.(3)

          Navios Armonia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Bertyl Ventures Co.

          Navios Azure

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Beryl Shipping Corporation

          Hyundai Tokyo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Boheme Navigation Company

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Bole Shipping Corporation

          Spectrum N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Boysenberry Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Brandeis Shipping Corporation

          Ete N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Buff Shipping Corporation

          Fleur N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cadmium Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Calliope Shipping Corporation(1)

          Zim Condor

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Camelia Shipping Inc.(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Casual Shipholding Co.

          Navios Sol

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cavalli Navigation Inc.(18)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cavos Navigation Co.

          Navios Libra

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Celadon Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cerulean Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Chalki Shipping Corporation(9)

TBN VI

Marshall Is.

1/01–12/31

5/31–12/31

—

          Chernava Marine Corp.

          Navios Bahamas

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cheryl Shipping Corporation

          Hyundai Shanghai

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Chilali Corp.

          Navios Aurora II

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Christal Shipping Corporation

          Hyundai Busan

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Citrine Shipping Corporation(12)

Former Vessel-Owning Company

Marshall Is.

—

1/01–2/21

1/01–12/31

          Clan Navigation Limited

          Navios Devotion

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cloud Atlas Marine S.A.

          Navios Uranus

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

          Coasters Ventures Ltd

          Navios Christine B

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Corsair Shipping Ltd.(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Crayon Shipping Ltd

          Navios Miami

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Crete Shipping Corporation

          Nave Cetus

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cronus Shipping Corporation(14)

          Protostar N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Customized Development S.A.(19)

          Navios Fulvia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Cyrus Investments Corp.

          Baghdad

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Delos Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Despotiko Shipping Corporation(1)

Nave Polaris

Marshall Is.

1/01–12/31

9/05–12/31

—

          Dione Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Dionysus Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Donoussa Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Doxa International Corp.

          Nave Electron

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ducale Marine Inc.

          Navios Etoile

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

Dune Shipping Corp.(12)

Former Vessel-Owning Company

Marshall Is.

—

1/01–2/21

1/01–12/31

          Ebba Navigation Limited

          Navios Destiny

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Elafonisos Shipping Corporation(8)

          TBN II

          Marshall Is.

          1/01–12/31

          1/01–12/31

          10/19–12/31

          Emery Shipping Corporation

          Navios Gem

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Enplo Shipping Limited

          Navios Verde

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Erato Shipmanagement Corporation(1)

          Zim Pelican

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Ereikousa Shipping Corporation(9)

TBN XI

Marshall Is.

1/01–12/31

5/24–12/31

—

          Esmeralda Shipping Corporation

          Navios Sphera

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Euterpe Shipping Corporation(1)

          Hawk I (ex Zim Hawk)

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Evian Shiptrade Ltd

          Matson Lanai

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Fairy Shipping Corporation(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Faith Marine Ltd.(19)

          Navios Altamira

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Fandango Shipping Corporation

          Unity N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Fantastiks Shipping Corporation

          Navios Fantastiks

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Felicity Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Finian Navigation Co.

          Navios Ace

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Flavescent Shipping Corporation

          Odysseus N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Floral Marine Ltd.

          Navios Buena Ventura

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Folegandros Shipping Corporation

          Nave Andromeda

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Galaxy Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Galera Management Company(2)

          Navios Amethyst

          Marshall Is.

          1/01–12/31

          1/01–12/31

          6/24–12/31

Galileo Shipping Corporation(14)

Navios Galileo

Marshall Is.

9/17–12/31

—

—

Gatsby Maritime Company(9)

TBN IV

Marshall Is.

1/01–12/31

1/03–12/31

—

          Gavdos Shipping Corporation(1)

          Nave Photon

          Marshall Is.

          1/01–12/31

          1/01–12/31

          4/26–12/31

Gemini Shipping Corporation(12)

Former Vessel-Owning Company

Marshall Is.

—

1/01–2/07

1/01–12/31

          Goddess Shiptrade Inc.(3)

          Navios Astra

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Goldie Services Company(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Golem Navigation Limited

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Happiness Shipping Corporation

Navios Happiness

Marshall Is.

9/17–12/31

—

—

          Highbird Management Inc.

          Navios Celestial

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Hyperion Enterprises Inc.(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ianthe Maritime S.A.

          Navios Aster

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ikaria Shipping Corporation

          Nave Aquila

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Iliada Shipping S.A.

          Operating Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Inastros Maritime Corp.

          Navios Chrysalis

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ios Marine Corporation(20)

          Nave Cielo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Iraklia Shipping Corporation

          Bougainville

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Iris Shipping Corporation

          N Amalthia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Isolde Shipping Inc.

          Navios Indigo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Ithaki Shipping Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          4/26–12/31

          Jasmer Shipholding Ltd

          Navios Nerine

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Jasmine Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Jaspero Shiptrade S.A.

          Navios Jasmine

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Joy Shipping Corporation

          Navios Joy

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          JTC Shipping and Trading Ltd(13)

          Operating Company

          Malta

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Karpathos Shipping Corporation(7)

          HMM Ocean

          Marshall Is.

          1/01–12/31

          1/01–12/31

          6/22–12/31

          Kastelorizo Shipping Corporation(8)

          TBN I

          Marshall Is.

          1/01–12/31

          1/01–12/31

          10/19–12/31

Kastos Shipping Corporation(9)

TBN XII

Marshall Is.

1/01–12/31

5/24–12/31

—

          Kerkyra Shipping Corporation

          Nave Galactic

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Keros Shipping Corporation(9)

TBN XIX

Marshall Is.

5/20–12/31

—

—

          Kimolos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Kinaros Shipping Corporation(1)

Navios Citrine

Marshall Is.

3/14–12/31

—

—

          Kithira Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Kleio Shipping Corporation(1)

          Zim Seagull

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Kohylia Shipmanagement S.A.

          Navios Luz

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Kos Shipping Corporation

          Nave Bellatrix

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Koufonisi Shipping Corporation(2)

          Navios Felix

          Marshall Is.

          1/01–12/31

          1/01–12/31

          11/11–12/31

          Kymata Shipping Co.

          Navios Helios

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Lavender Shipping Corporation

          Navios Ray

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Lefkada Shipping Corporation

          Nave Buena Suerte

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Legato Shipholding Inc.

          Navios Tempo

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Leros Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Letil Navigation Ltd

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Leto Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Levitha Shipping Corporation(10)

TBN XV

Marshall Is.

5/30–12/31

—

—

          Libra Shipping Enterprises Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Limestone Shipping Corporation(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Limnos Shipping Corporation

          Nave Pyxis

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Makri Shipping Corporation(1)

Navios Utmost

Marshall Is.

1/01–12/31

9/05–12/31

—

          Makronisos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Mandora Shipping Ltd

          Navios Centaurus

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Mathraki Shipping Corporation(9)

TBN X

Marshall Is.

1/01–12/31

7/18–12/31

—

Meganisi Shipping Corporation(1)

Navios Unite

Marshall Is.

1/01–12/31

9/05–12/31

—

          Melpomene Shipping Corporation(2)

          Sparrow

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Mesta Shipping Corporation(10)

TBN XXII

Marshall Is.

8/26–12/31

—

—

          Micaela Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Migen Shipmanagement Ltd

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Moonstone Shipping Corporation(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Morganite Shipping Corporation(2)

          Navios Meridian

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Morven Chartering Inc.

          Navios Verano

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Muses Shipping Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Mytilene Shipping Corporation

          Nave Orion

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          NAV Holdings Limited

          Sub-Holding Company

          Malta

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Navios Acquisition Europe Finance Inc.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Acquisition Finance (US) Inc.(15)

          Co-Issuer of Ship Mortgage Notes

          Delaware

          1/01–10/07

          1/01–12/31

          1/01–12/31

          Navios International Inc.

          Operating Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

          Navios Maritime Acquisition Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Containers Sub LP

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Midstream Operating LLC

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Midstream Partners Finance (US) Inc.(15)

          Sub-Holding Company

          Delaware

          1/01–10/07

          1/01–12/31

          1/01–12/31

          Navios Maritime Midstream Partners GP LLC

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Midstream Partners L.P.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Operating L.L.C.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Maritime Partners L.P.

          N/A

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Partners Containers Finance Inc.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Partners Containers Inc.

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Partners Europe Finance Inc.

          Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Navios Partners Finance (US) Inc.(15)

          Co-Borrower

          Delaware

          1/01–10/07

          1/01–12/31

          1/01–12/31

          Nefeli Navigation S.A.

          Navios Unison

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Nisyros Shipping Corporation(7)

Nave Neutrino

Marshall Is.

1/01–12/31

9/05–12/31

—

          Nostos Shipmanagement Corp.

          Navios Bonavis

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Oceanus Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Oinousses Shipping Corporation

          Nave Jupiter

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Olivia Enterprises Corp.

          Erbil

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Olympia II Navigation Limited

          Navios Domino

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Opal Shipping Corporation

          Rainbow N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Orbiter Shipping Corp.(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Othonoi Shipping Corporation(9)

TBN IX

Marshall Is.

1/01–12/31

7/18–12/31

—

Palermo Shipping S.A.(12)

Former Vessel-Owning Company

Marshall Is.

—

1/01–2/07

1/01–12/31

          Pandora Marine Inc.

          Navios Melodia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Patmos Shipping Corporation(7)

          HMM Sky

          Marshall Is.

          1/01–12/31

          1/01–12/31

          6/22–12/31

          Paxos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Pearl Shipping Corporation

          Navios Sun

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Peran Maritime Inc.

          Zim Baltimore

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Perigiali Navigation Limited(5)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Perivoia Shipmanagement Co.

          Navios Amitie

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Persephone Shipping Corporation

          Hector N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Pharos Navigation S.A.

          Navios Phoenix

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Pingel Navigation Limited

          Matson Oahu (ex 'Navios Delight)

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Pleione Management Limited

          Navios Star

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Polyaigos Shipping Corporation(10)

TBN VII

Marshall Is.

1/01–12/31

7/04–12/31

—

          Polymnia Shipping Corporation(1)

          Zim Albatross

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Poros Marine Shipping Corporation(10)

TBN XVII

Marshall Is.

6/20–12/31

—

—

          Prometheus Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Prosperity Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Proteus Shiptrade S.A.

          Carmel I

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Psara Shipping Corporation

          Nave Luminosity

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Pserimos Shipping Corporation(9)

TBN V

Marshall Is.

1/01–12/31

5/31–12/31

—

          Pueblo Holdings Ltd

          Navios Lumen

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

Pyrgi Shipping Corporation(9)

TBN XXI

Marshall Is.

8/26–12/31

—

—

          Red Rose Shipping Corp.

          Navios Bonheur

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Rhea Shipping Corporation(6)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Rhodes Shipping Corporation

          Nave Cassiopeia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Rider Shipmanagement Inc.

          Navios Felicity I

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

Rineia Shipping Corporation(11)

TBN XVIII

Marshall Is.

6/20–12/31

—

—

          Rodman Maritime Corp.(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Rondine Management Corp.

          Navios Victory

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Roselite Shipping Corporation

          Navios Corali

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Rubina Shipping Corporation

          Hyundai Hongkong

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Rumer Holding Ltd.

          Navios Antares

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Sagittarius Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Samos Shipping Corporation

          Nave Synergy

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Samothrace Shipping Corporation

          Nave Pulsar

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Santorini Shipping Corporation(10)

TBN XIII

Marshall Is.

2/20–12/31

—

—

          Schinousa Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Serifos Shipping Corporation

          Nave Estella

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Seymour Trading Limited

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shikhar Ventures S.A.(17)

          Navios Stellar

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Shinyo Dream Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Kannika Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Kieran Limited(21)

          Nave Universe

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Loyalty Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Navigator Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Ocean Limited

          Former Vessel-Owning Company

          Hong Kong

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Shinyo Saowalak Limited(21)

          Nave Constellation

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Sifnos Shipping Corporation

          Nave Titan

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Sikinos Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Silvanus Marine Company

          Navios Summer

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Skiathos Shipping Corporation

          Nave Capella

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Skopelos Shipping Corporation(20)

          Nave Ariadne

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Skyros Shipping Corporation

          Nave Sextans

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Solange Shipping Ltd.

          Navios Avior

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Spetses Marine Shipping Corporation(1)

Navios Venus

Marshall Is.

6/26–12/31

—

—

          Sui An Navigation Limited

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Sunstone Shipping Corporation

          Copernicus N

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Surf Maritime Co.

          Navios Pollux

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Syros Shipping Corporation

          Nave Alderamin

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Talia Shiptrade S.A.

          Navios Magellan II

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29–12/31

          Tarak Shipping Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          4/26–12/31

Taurus Marine Corporation(4)

Former Vessel-Owning Company

Marshall Is.

9/26–12/31

—

—

          Terpsichore Shipping Corporation(1)

          Zim Falcon

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Teuta Maritime S.A.(2)

          Navios Altair

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Thalassa Marine S.A.

          Navios Galaxy II

          Marshall Is.

          1/01–12/31

          1/01–12/31

          7/29-12/31

          Thalia Shipping Corporation

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Thasos Shipping Corporation

          Nave Equinox

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Thera Shipping Corporation

          Nave Atropos

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Theros Ventures Limited

          Navios Lapis

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Thetida Marine Co.

          Navios Magnolia

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Thirasia Shipping Corporation(10)

TBN XIV

Marshall Is.

2/20–12/31

—

—

          Tilos Shipping Corporation(4)

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Tinos Shipping Corporation

          Nave Rigel

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Topaz Shipping Corporation

          Hyundai Singapore

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Triangle Shipping Corporation

          Navios Mars

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Trikeri Shipping Corporation(10)

TBN VIII

Marshall Is.

1/01–12/31

7/04–12/31

—

          Tzia Shipping Corporation(3)

          Nave Celeste

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Urania Shipping Corporation(1)

          Zim Eagle

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Vatselo Enterprises Corp.(3)

          Navios Alegria

          Marshall Is.

          1/01–12/31

          1/01–12/31

          6/24–12/31

Vega Shipping Corporation

Navios Vega

Marshall Is.

9/17–12/31

—

—

          Veja Navigation Company

          Sub-Holding Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Velour Management Corp.

          Navios Vermilion

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Velvet Shipping Corporation

          Navios La Paix

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Venetiko Shipping Corporation(1)

Navios Dolphin

Marshall Is.

3/14–12/31

—

—

          Vernazza Shiptrade Inc.

          Navios Canary

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08–12/31

          Vinetree Marine Company

          Operating Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Vythos Marine Corp.

          Navios Constellation

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          Wenge Shipping Corporation

          Former Vessel-Owning Company

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

          White Narcissus Marine S.A.(14), (16)

          Navios Asteriks

          Marshall Is.

          1/01–12/31

          1/01–12/31

          9/08-12/31

          Zakynthos Shipping Corporation

          Nave Quasar

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

Ziggy Shipping Limited (8)

TBN III

Marshall Is.

1/01–12/31

1/03–12/31

—

          Zoner Shiptrade S.A.

          Navios Dorado

          Marshall Is.

          1/01–12/31

          1/01–12/31

          1/01–12/31

(1) The vessel was delivered/ acquired in 2024.

(2) The vessel was delivered/ acquired in 2023.

(3) The vessel was delivered/ acquired in 2022.

(4) The vessel was sold in 2024.

(5) The vessel was sold in 2023.

(6) The vessel was sold in 2022.

(7) The vessel was delivered/ acquired in 2025.

(8) Expected to be delivered in 2025.

(9) Expected to be delivered in 2026.

(10) Expected to be delivered in 2027.

(11) Expected to be delivered in 2028.

(12) The company was dissolved in 2023.

(13) Not a vessel-owning subsidiary and only holds right to charter-in contracts.

(14) The vessel is agreed to be sold in 2025.

(15) The company was dissolved in 2024.

(16) The entity was redomiciled from Panama to the Marshall Islands on November 5, 2024.

(17) The entity was redomiciled from Liberia to the Marshall Islands on November 6, 2024.

(18) The entity was redomiciled from Liberia to the Marshall Islands on November 8, 2024.

(19) The entity was redomiciled from Liberia to the Marshall Islands on November 12, 2024.

(20) The entity was redomiciled from Cayman Islands to the Marshall Islands on November 18, 2024.

(21) The entity was redomiciled from British Virgin Islands to the Marshall Islands on November 22, 2024.

In December 2024, the Company completed the sale of Kleimar N.V. and its subsidiary, Bulkinvest S.A.. The two entities were included in the consolidated financial statements of 2022, 2023 and 2024.

Use of Estimates

(c)

Cash and Cash Equivalents

(d)

Restricted Cash

(e)

Other investments

(f)

Accounts Receivable, Net

(g)

Credit Losses Accounting

The allowance for credit losses was $0, $0 and $2,990 as of each of December 31, 2024, 2023 and 2022, respectively.

Concentration of Credit Risk

Inventories

(h)

Vessels, Net

(i)

Deposits for vessels acquisitions

(j)

Assets Held for Sale

(k)

Asset Acquisitions

(l)

Impairment of Long Lived Assets

(m)

Deferred Drydock and Special Survey Costs

(n)

Deferred Finance Costs

(o)

Intangible Assets and Unfavorable Lease Terms

(p)

Foreign Currency Translation

(q)

Provisions

(r)

Segment Reporting

(s)

Revenue and Expense Recognition

(t)

Revenue and Expense Recognition:

Revenue from time chartering and bareboat chartering

Revenue from voyage charters

Revenue from pooling arrangements

Revenue from profit-sharing

Prepaid Voyage Costs: Prepaid voyage costs relate to cash paid in advance for expenses associated with voyages. These amounts are recognized as expenses over the voyage or charter period.

Financial Instruments

(u)

Cash Distribution

(v)

Stock-based compensation

(w)

Navios Partners vested 0, 1,001 and 29,216 restricted common units during the years ended December 31, 2024, 2023 and 2022, respectively. See Note 13 – Repurchases and issuance of units.

Income Taxes

(x)

Earnings/(Losses) Per Unit

(y)

Guarantees

(z)

guarantees on product warranties. For those guarantees excluded from the above guidance requiring the fair value recognition of the asset, financial statement disclosures of their terms are made.

Leases for Lessors

(aa)

For charters classified as operating leases where Navios Partners is regarded as the lessor, see Note 2(t) – Summary of significant accounting policies.

Leases for Lessees

(bb)

Financial Instruments and Fair Value

(cc)

Other Comprehensive Income

(dd)

Treasury Units

Recent Accounting Pronouncements

(ff)

(gg)

Accounts Payable

12 Months Ended

Dec. 31, 2024

Accounts Payable

Accounts Payable

NOTE 8 – ACCOUNTS PAYABLE

Accounts payable as of December 31, 2024 and 2023 consisted of the following:


	December 31, 2024		December 31, 2023
Creditors	$	9,635	$	17,097
Brokers		7,323		6,918
Professional and legal fees		805		1,473
Total accounts payable	$	17,763	$	25,488

Accounts receivable, net (Details Narrative)	12 Months Ended
Accounts receivable, net (Details Narrative)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Concentration Risk, Customer	Concentration of credit risk with respect to accounts receivable is limited due to the Company’s large number of customers, who are internationally dispersed and have a variety of end markets in which they sell. Due to these factors, management believes that no additional credit risk beyond amounts provided for collection losses is inherent in the Company’s trade receivables.
ZIM Integrated Shipping Services Ltd [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Concentration Risk, Percentage	11.30%
Time Charter and Voyage Revenues [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Concentration Risk, Percentage	10.00%	10.00%	10.00%

Leases - Finance Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Finance lease liabilities, including current portion (see Note 10 - Borrowings)	$ 325,784	$ 468,414
Finance leases [Member]
2025	36,936
2026	36,535
2027	36,108
2028	35,812
2029	51,727
2030 and thereafter	277,431
Total	474,549
Finance lease liabilities, including current portion (see Note 10 - Borrowings)	325,784
Discount based on incremental borrowing rate	$ 148,765

Accounts Receivable, net - Lessen by Provision for Doubtful Accounts (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts Receivable Net
Accounts receivable	$ 33,399	$ 42,237
Less: Allowance for credit losses	0	0	$ (2,990)	$ (2,990)
Accounts receivable, net	$ 33,399	$ 42,237

Repurchases and Issuance of Units

12 Months Ended

Dec. 31, 2024

Repurchases And Issuance Of Units

Repurchases and Issuance of Units

NOTE 13 – REPURCHASES AND ISSUANCE OF UNITS

In July 2022, the Board of Directors of Navios Partners authorized a common unit repurchase program for up to $100,000 of the Company’s common units. Common unit repurchases will be made from time to time for cash in open market transactions at prevailing market prices or in privately negotiated transactions. The timing and amount of repurchases under the program will be determined by Navios Partners’ management based upon market conditions and financial and other considerations, including working capital and planned or anticipated growth opportunities. The program does not require any minimum repurchase or any specific number of common units and may be suspended or reinstated at any time in the Company’s discretion and without notice. The Board of Directors will review the program periodically. As of December 31, 2024, the Company had repurchased 489,955 common units, for a total cost of approximately $25,000. As of March 20, 2025, the Company had repurchased 696,945 common units, for a total cost of approximately $33,825.

In December 2019, Navios Partners authorized the granting of 4,000 restricted common units, which were issued on December 18, 2019, to its directors and officers, which are based solely on service conditions and vest over four years. The effect of compensation expense arising from the restricted common units described above amounted to $0, $4, and $10 for the years ended December 31, 2024, 2023 and 2022, and was presented under the caption “General and administrative expenses” in the Consolidated Statements of Operations. There were no restricted common units exercised, forfeited or expired during the years ended December 31, 2024, 2023 and 2022.

In February 2019, Navios Partners authorized the granting of 25,396 restricted common units, which were issued on February 1, 2019, to its directors and officers, which are based solely on service conditions and vest over four years. The fair value of restricted common units was determined by reference to the quoted stock price on the date of grant. Compensation expense, net of estimated forfeitures, is recognized based on a graded expense model over the vesting period. Navios Partners also issued 518 general partnership units to its general partner for net proceeds of $8. The effect of compensation expense arising from the restricted common units described above for the years ended December 31, 2024, 2023 and 2022, amounted to $0, $0, and $23, respectively, and was presented under the caption “General and administrative expenses” in the Consolidated Statements of

Operations. There were no restricted common units exercised, forfeited or expired during the years ended December 31, 2024 and 2023. During the year ended December 31, 2022, the Company forfeited 12,699 unvested restricted common units and cancelled 259 general partnership units.

In December 2018, Navios Partners authorized the granting of 97,633 restricted common units, which were issued on December 24, 2018, to its directors and officers, which are based solely on service conditions and vest over four years. Navios Partners also issued 1,993 general partnership units to its general partner for net proceeds of $27. The effect of compensation expense arising from the restricted common units described above amounted to $0, $0, and $79 for the years ended December 31, 2024, 2023 and 2022 respectively, and was presented under the caption “General and administrative expenses” in the Consolidated Statements of Operations. There were no restricted common units exercised, forfeited or expired during each of the years ended December 31, 2024, 2023 and 2022.

In December 2018, Navios Acquisition authorized and issued in the aggregate 129,269 restricted shares of common stock to its directors and officers. These awards of restricted common stock are based on service conditions only and vest over four years. The fair value of restricted common units was determined by reference to the quoted stock price on the date of grant or the date that the grants were exchanged upon completion of the merger with Navios Acquisition. Compensation expense, net of estimated forfeitures, is recognized based on a graded expense model over the vesting period. Upon the completion of the merger with Navios Acquisition, the unvested restricted common units were 8,116 after exchange on a 1 to 0.1275 basis. The effect of compensation expense arising from the restricted common units described above amounted to $0, $0 and $42 for the years ended December 31, 2024, 2023 and 2022, respectively, and was presented under the caption “General and administrative expenses” in the Consolidated Statements of Operations. There were no restricted common units exercised, forfeited or expired during each of the years ended December 31, 2024, 2023 and 2022.

As of each of December 31, 2024 and 2023, there were no restricted common units outstanding that remained unvested.

Common unitholders have limited voting rights and the Company’s partnership agreement restricts the voting rights of common unitholders owning more than 4.9% of the Company’s common units.

Description of Business (Details Narrative)	12 Months Ended
Description of Business (Details Narrative)	Dec. 31, 2024 Entity shares	Dec. 31, 2023 shares
Number of entity affiliated \| Entity	4
Formation date	August 7, 2007
Country of incorporation	Republic of the Marshall Islands
Common units outstanding	29,694,433	30,184,388
General partner units oustanding	622,296	622,296
Navios Holdings [Member]
Common units outstanding	4,672,314
Ownership percentage of Navios Holdings	17.00%
Olympos Maritime Ltd [Member]
General partner units oustanding	622,296
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	2.10%

Borrowings - Financial Liabilities (Narrative II) (Details Narrative) $ in Thousands						1 Months Ended	7 Months Ended	8 Months Ended		9 Months Ended	10 Months Ended	11 Months Ended		12 Months Ended
	Jun. 21, 2023 Capacity	Apr. 27, 2023 Capacity	Mar. 29, 2023 Capacity	Mar. 06, 2023 Capacity	Feb. 05, 2023 Capacity	May 31, 2024 USD ($) Vessel capacity in DWT	Jul. 27, 2022 Capacity	Aug. 31, 2023 Capacity	Sep. 13, 2022 Capacity	Sep. 21, 2022 Capacity	Nov. 09, 2023 Capacity	Dec. 14, 2022 Capacity	Nov. 17, 2022 Capacity	Dec. 31, 2024 USD ($) Vessel capacity in DWT Capacity	Dec. 31, 2023 USD ($)	Oct. 31, 2023 USD ($)
Sale Leaseback Transaction [Line Items]
Vessel year built	2023	2023	2023	2016	2023		2022	2019	2022	2022	2023	2016	2022	2024
Vessel type	Capesize	Capesize	Capesize	Capesize	Kamsarmax		Kamsarmax		Capesize	Capesize		Kamsarmax	Capesize
Vessel capacity in DWT \| Capacity	182,212	182,169	182,115	181,221	82,010		82,003	81,692	182,393	182,079	5,300	84,852	182,064	5,300
Finance Lease, Liability														$ 325,784	$ 468,414
Financial Liabilities [Member] \| Navios Sagittarius [member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date														December 5, 2022
Finance lease, liability														$ 10,500
Vessel year built														2006
Vessel type														Panamax
Vessel capacity in DWT \| Vessel capacity in DWT														75,756
Finance Lease, Liability														$ 6,750
Financial Liabilities [Member] \| Navios Alegria [member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date														November 15, 2022
Finance lease, liability														$ 24,000
Vessel year built														2016
Vessel type														Kamsarmax
Vessel capacity in DWT \| Vessel capacity in DWT														84,852
Maturity date														fourth quarter of 2032
Debt Instrument, Description of Variable Rate Basis														Term SOFR
Debt Instrument, Basis Spread on Variable Rate														2.11%
Finance Lease, Liability														$ 19,078
Financial Liabilities [Member] \| 12 Containerships [Member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date														October 2022
Finance lease, liability														$ 100,000
Vessel year built														2007
Maturity date														first quarter of 2026
Debt Instrument, Description of Variable Rate Basis														Term SOFR
Debt Instrument, Basis Spread on Variable Rate														2.10%
Finance Lease, Liability														$ 47,771
Drawn down date														October 31, 2022
Vessel capacity in TEU \| Vessel capacity in DWT						3,450
Prepayment of sale and leaseback transaction						$ 4,411
Discount														$ 800
Financial Liabilities [Member] \| Navios Meridian [member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date														January 28, 2022
Finance lease, liability														$ 27,440
Vessel type														Kamsarmax
Vessel capacity in DWT \| Vessel capacity in DWT														82,010
Maturity date														first quarter of 2033
Debt Instrument, Description of Variable Rate Basis														Term SOFR
Debt Instrument, Basis Spread on Variable Rate														1.91%
Finance Lease, Liability														$ 23,934
Financial Liabilities [Member] \| Navios Primavera [member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date														December 20, 2021
Finance lease, liability														$ 25,264
Vessel type														Kamsarmax
Vessel capacity in DWT \| Vessel capacity in DWT														82,003
Maturity date														third quarter of 2032
Finance Lease, Liability														$ 21,940
Date of delivery														July 2022
Financial Liabilities [Member] \| Navios Pollux [Member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date														August 16, 2021
Finance lease, liability														$ 15,000
Vessel year built														2009
Vessel type														Capesize
Vessel capacity in DWT \| Vessel capacity in DWT														180,727
Maturity date														third quarter of 2027
Finance Lease, Liability														$ 9,611
Financial Liabilities [Member] \| Navios Bonavis [member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date														June 2021
Finance lease, liability														$ 15,000
Vessel year built														2009
Vessel type														Capesize
Vessel capacity in DWT \| Vessel capacity in DWT														180,022
Maturity date														second quarter of 2027
Finance Lease, Liability														$ 9,334
Financial Liabilities [Member] \| Navios Ray [member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date														June 2021
Finance lease, liability														$ 18,500
Vessel year built														2012
Vessel type														Capesize
Vessel capacity in DWT \| Vessel capacity in DWT														179,515
Maturity date														second quarter of 2030
Finance Lease, Liability														$ 13,748
Financial Liabilities [Member] \| Navios Ace [Member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date														July 2, 2019
Finance lease, liability														$ 22,000
Vessel year built														2011
Vessel type														Capesize
Vessel capacity in DWT \| Vessel capacity in DWT														178,929
Maturity date														third quarter of 2030
Finance Lease, Liability														$ 15,138
Financial Liabilities [Member] \| Navios Sol [Member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date														April 5, 2019
Finance lease, liability														$ 20,000
Vessel year built														2009
Vessel type														Capesize
Vessel capacity in DWT \| Vessel capacity in DWT														180,274
Maturity date														second quarter of 2029
Finance Lease, Liability														$ 12,957
Financial Liabilities [Member] \| Navios Fantastiks [member]
Sale Leaseback Transaction [Line Items]
Sale Leaseback Transaction, Date														December 2018
Finance lease, liability														$ 25,000
Maturity date														third quarter of 2024 and was fully repaid
Purchase Obligation																$ 6,528

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Intangible assets and liabilities

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets and liabilities

NOTE 7 – INTANGIBLE ASSETS AND LIABILITIES

Intangible assets as of December 31, 2024 and December 31, 2023 consisted of the following:


	Cost		Accumulated Amortization			Net Book Value
Favorable lease terms December 31, 2021	$	195,854	$	(95,432	)	$	100,422
Additions/ (Amortization)		15,790		(37,496	)		(21,706	)
Favorable lease terms December 31, 2022	$	211,644	$	(132,928	)	$	78,716
Amortization		—		(18,285	)		(18,285	)
Favorable lease terms December 31, 2023	$	211,644	$	(151,213	)	$	60,431
Amortization		—		(18,120	)		(18,120	)
Favorable lease terms December 31, 2024	$	211,644	$	(169,333	)	$	42,311

The aggregate amortization of the intangible assets for the years ending December 31 is estimated to be as follows:


Period	Amount
2025	$	14,251
2026		8,215
2027		4,982
2028		4,982
2029		4,982
2030 and thereafter		4,899
Total	$	42,311

Intangible assets subject to amortization are amortized using straight line method over their estimated useful lives to their estimated residual value of zero. As of December 31, 2024, the weighted average useful life of the remaining favorable lease terms was 4.6 years.

Intangible liabilities as of December 31, 2024 and December 31, 2023 consisted of the following:


	Cost		Accumulated Amortization			Net Book Value
Unfavorable lease terms December 31, 2021	$	231,019	$	(108,538	)	$	122,481
Additions/ (Amortization)		388		(74,963	)		(74,575	)
Unfavorable lease terms December 31, 2022	$	231,407	$	(183,501	)	$	47,906
Amortization		—		(19,922	)		(19,922	)
Unfavorable lease terms December 31, 2023	$	231,407	$	(203,423	)	$	27,984
Amortization		—		(12,718	)		(12,718	)
Unfavorable lease terms December 31, 2024	$	231,407	$	(216,141	)	$	15,266

The aggregate amortization of the intangible liabilities for the years ending December 31 is estimated to be as follows:


Period	Amount
2025	$	11,680
2026		3,586
2027		—
2028		—
2029		—
2030 and thereafter		—
Total	$	15,266

Intangible liabilities subject to amortization are amortized using straight line method over their estimated useful lives to their estimated residual value of zero. As of December 31, 2024, the weighted average useful life of the remaining unfavorable lease terms was 1.3 years.

Intangible Assets and Liabilities - Aggregate Amortizations of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 14,251
2026	8,215
2027	4,982
2028	4,982
2029	4,982
2030 and thereafter	4,899
Total	$ 42,311	$ 60,431

Fair Value Measurements - Fair value of assets measured at fair value on a non-recurring basis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Operating leases			$ 3,595
Vessels, net	$ 21,250	$ 25,510
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Operating leases			0
Vessels, net	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Operating leases			0
Vessels, net	21,250	25,510
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Operating leases			$ 3,595
Vessels, net	$ 0	$ 0

Cash Distributions and Earnings per Unit - Schedule of Incentive Distributions Made To General Partners Or Unitholders By Distribution (Details)	12 Months Ended
	Dec. 31, 2024 $ / shares
Minimum Quarterly Distribution [Member] \| Incentive Distribution Right Holder [Member]
Percentage allocations of the additional available cash
First Target Distribution [Member] \| Incentive Distribution Right Holder [Member]
Percentage allocations of the additional available cash
Second Target Distribution [Member] \| Incentive Distribution Right Holder [Member]
Percentage allocations of the additional available cash	13.00%
Third Target Distribution [Member] \| Incentive Distribution Right Holder [Member]
Percentage allocations of the additional available cash	23.00%
Thereafter [Member] \| Incentive Distribution Right Holder [Member]
Percentage allocations of the additional available cash	48.00%
Total Quarterly Distribution Target Amount [Member] \| Minimum Quarterly Distribution [Member]
Distribution Per Unit	$ 5.25
Total Quarterly Distribution Target Amount [Member] \| First Target Distribution [Member]
Distribution Per Unit	6.0375
Total Quarterly Distribution Target Amount [Member] \| Second Target Distribution [Member] \| Minimum [Member]
Distribution Per Unit	6.0375
Total Quarterly Distribution Target Amount [Member] \| Second Target Distribution [Member] \| Maximum [Member]
Distribution Per Unit	6.5625
Total Quarterly Distribution Target Amount [Member] \| Third Target Distribution [Member] \| Minimum [Member]
Distribution Per Unit	6.5625
Total Quarterly Distribution Target Amount [Member] \| Third Target Distribution [Member] \| Maximum [Member]
Distribution Per Unit	7.875
Total Quarterly Distribution Target Amount [Member] \| Thereafter [Member]
Distribution Per Unit	$ 7.875
Limited Partner [Member] \| Minimum Quarterly Distribution [Member]
Percentage allocations of the additional available cash	98.00%
Limited Partner [Member] \| First Target Distribution [Member]
Percentage allocations of the additional available cash	98.00%
Limited Partner [Member] \| Second Target Distribution [Member]
Percentage allocations of the additional available cash	85.00%
Limited Partner [Member] \| Third Target Distribution [Member]
Percentage allocations of the additional available cash	75.00%
Limited Partner [Member] \| Thereafter [Member]
Percentage allocations of the additional available cash	50.00%
General Partner [Member] \| Minimum Quarterly Distribution [Member]
Percentage allocations of the additional available cash	2.00%
General Partner [Member] \| First Target Distribution [Member]
Percentage allocations of the additional available cash	2.00%
General Partner [Member] \| Second Target Distribution [Member]
Percentage allocations of the additional available cash	2.00%
General Partner [Member] \| Third Target Distribution [Member]
Percentage allocations of the additional available cash	2.00%
General Partner [Member] \| Thereafter [Member]
Percentage allocations of the additional available cash	2.00%

Intangible assets and liabilities (Details Narrative)	12 Months Ended
Intangible assets and liabilities (Details Narrative)	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization method	straight line
Remaining favorable lease terms	4 years 7 months 6 days
Amortization method	straight line
Remaining unfavorable lease terms	1 year 3 months 18 days

Subsequent Events

12 Months Ended

Dec. 31, 2024

Subsequent Events [Abstract]

Subsequent Events

NOTE 21 – SUBSEQUENT EVENTS

In January and February 2025, Navios Partners took delivery of the Nave Neutrino, a 2025-built Aframax/LR2 of 115,807 dwt, the HMM Ocean and the HMM Sky, two 2025-built 7,700 TEU containerships (See Note 15 – Commitments and contingencies).

In February 2025 and March 2025, Navios Partners agreed to sell a 2006-built Panamax of 76,596 dwt, a 2005-built Panamax of 76,801 dwt and a 2007-built 2,741 TEU Containership, to unrelated third parties. The aggregate gross sale proceeds of the above vessels amounted to $34,650 and the aggregate gain on sale is expected to be approximately $2,692. The sale of the 2005-built Panamax of 76,801 dwt was completed on March 17, 2025 and the sales of the remaining two vessels are expected to be completed during the second quarter of 2025.

In March 2025, Navios Partners entered into an export credit agency-backed facility for a total amount up to $151,502 (including insurance premium) in order to finance part of the acquisition cost of two newbuilding 7,900 TEU containerships, currently under construction. The facility matures 12 years after the delivery date of each vessel and bears interest at Compounded SOFR plus 124 bps per annum.