0001193125-22-243699 | 6-K | XBRL Viewer | Navios Maritime Holdings INC

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Cover	6 Months Ended
Cover	Jun. 30, 2022
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity Registrant Name	NAVIOS MARITIME HOLDINGS INC.
Entity Central Index Key	0001333172
Entity Address, Address Line One	Strathvale House, 90 N Church Street
Entity Address, City or Town	Grand Cayman
Entity Address, Country	KY
Entity Address, Postal Zip Code	KY1-1104

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 46,220	$ 53,591
Restricted cash	8,726	84,260
Accounts receivable, net	68,738	62,839
Inventories	11,789	11,663
Prepaid expenses and other current assets	18,195	17,094
Total current assets	153,668	229,447
Vessels, port terminals and other fixed assets, net	928,423	950,002
Investments in affiliate companies	148,384	125,744
Other long-term assets	77,103	76,842
Finance lease assets	19,254	0
Operating lease assets	150,963	173,426
Intangible assets other than goodwill	90,201	92,981
Goodwill	160,336	160,336
Total non-current assets	1,574,664	1,579,331
Total assets	1,728,332	1,808,778
Current liabilities
Accounts payable	31,743	36,622
Accrued expenses and other liabilities	47,582	64,459
Deferred income and cash received in advance	8,276	8,141
Operating lease liabilities, current portion	51,946	54,747
Due to affiliate companies	45,095	21,028
Current portion of loans payable to affiliate companies	0	877
Current portion of long-term debt, net	75,804	37,916
Finance lease liability, current portion	1,900	0
Current portion of promissory note	15,000	5,000
Current portion of senior and ship mortgage notes, net	89,858	268,658
Total current liabilities	367,204	497,448
Senior and ship mortgage notes, net of current portion	494,592	833,273
Long-term debt, net of current portion	303,570	134,003
Finance lease liability, net of current portion	15,385	0
Loans payable to affiliate companies, net of current portion	260,428	111,757
Convertible debenture payable to affiliate companies	47,637	0
Long-term portion of promissory note	0	10,000
Other long-term liabilities and deferred income	867	927
Operating lease liabilities, net of current portion	119,615	144,239
Deferred tax liability	10,150	10,487
Total non-current liabilities	1,252,244	1,244,686
Total liabilities	1,619,448	1,742,134
Commitments and contingencies	0	0
Stockholders’ equity
Preferred Stock — $0.0001 par value, authorized 1,000,000 shares, 24,032 and 23,032 issued and outstanding as of June 30, 2022 and December 31, 2021, respectively.	0	0
Common stock — $0.0001 par value, authorized 250,000,000 shares, 25,238,591 and 25,198,620 issued and outstanding as of June 30, 2022 and December 31, 2021, respectively.	2	2
Additional paid-in capital	679,391	679,301
Accumulated deficit	(627,946)	(667,906)
Total Navios Holdings stockholders’ equity	51,447	11,397
Noncontrolling interest	57,437	55,247
Total stockholders’ equity	108,884	66,644
Total liabilities and stockholders’ equity	$ 1,728,332	$ 1,808,778

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock par value	$ 0.0001	$ 0.0001
Preferred stock shares authorized	1,000,000	1,000,000
Preferred stock shares issued	24,032	23,032
Preferred stock shares oustanding	24,032	23,032
Common stock par value	$ 0.0001	$ 0.0001
Common stock shares authorized	250,000,000	250,000,000
Common stock shares issued	25,238,591	25,198,620
Common stock shares outstanding	25,238,591	25,198,620

Condensed Consolidated Statements of Comprehensive Income/(Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenue	$ 159,221	$ 143,624	$ 287,011	$ 260,575
Time charter, voyage and logistics business expenses	(35,649)	(36,841)	(65,141)	(75,168)
Direct vessel expenses	(30,040)	(29,232)	(58,502)	(55,147)
General and administrative expenses	(9,340)	(8,544)	(15,905)	(15,363)
Depreciation and amortization	(14,766)	(15,988)	(29,144)	(32,254)
Interest expense and finance cost, net	(35,343)	(36,170)	(72,908)	(72,370)
Impairment loss/loss on sale of vessels, net	0	(5,406)	0	(25,861)
(Loss)/gain on bond extinguishment	(106)	1,873	(221)	1,873
Other income/(expense), net	899	(1,022)	(1,288)	(1,246)
Non-operating other finance cost	0	0	(24,000)	0
Income/(loss) before equity in net earnings of affiliate companies	34,876	12,294	19,902	(14,961)
Equity in net earnings of affiliate companies	13,160	12,854	22,958	40,594
Income before taxes	48,036	25,148	42,860	25,633
Income tax (expense)/benefit	(758)	(603)	(710)	226
Net income	47,278	24,545	42,150	25,859
Less: Net (income)/loss attributable to the noncontrolling interest	(2,318)	391	(2,190)	(760)
Net income attributable to Navios Holdings common stockholders	44,960	24,936	39,960	25,099
Income attributable to Navios Holdings common stockholders, basic and diluted	$ 31,225	$ 23,652	$ 28,115	$ 22,538
Basic earnings per share attributable to Navios Holdings common stockholders	$ 1.38	$ 1.80	$ 1.24	$ 1.72
Weighted average number of shares, basic	22,654,825	13,127,208	22,643,215	13,120,335
Diluted earnings per share attributable to Navios Holdings common stockholders	$ 1.37	$ 1.75	$ 1.23	$ 1.67
Weighted average number of shares, diluted	22,848,328	13,511,627	22,845,014	13,508,382

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
OPERATING ACTIVITIES:
Net income	$ 42,150	$ 25,859
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Non-cash adjustments	40,773	26,003
Increase in operating assets	(7,921)	(20,602)
Increase /(decrease) in operating liabilities	17,996	(17,016)
Payments for drydock and special survey costs	(6,905)	(15,609)
Net cash provided by/(used in) operating activities	86,093	(1,365)
INVESTING ACTIVITIES:
Acquisition of/additions to vessels	(1,576)	(24,152)
Deposits for vessels, port terminals and other fixed assets acquisitions	(2,054)	(19,304)
Proceeds from sale of assets	0	137,016
Purchase of property, equipment and other fixed assets	(2,657)	(2,729)
Dividends received from affiliate companies	0	243
Net cash (used in)/provided by investing activities	(6,287)	91,074
FINANCING ACTIVITIES:
Repayment of long-term debt and payment of principal	(57,415)	(115,270)
Repayment of loans payable to affiliate companies	(112,632)	0
Repayment/repurchase of senior notes	(520,466)	(12,454)
Proceeds from long-term loans	266,725	0
Proceeds from loans payable to affiliate companies	262,632	0
Debt issuance costs	(1,425)	0
Repayment of finance lease liability	(130)	0
Net cash used in financing activities	(162,711)	(127,724)
Decrease in cash and cash equivalents and restricted cash	(82,905)	(38,015)
Cash and cash equivalents and restricted cash, beginning of period	137,851	111,184
Cash and cash equivalents and restricted cash, end of period	54,946	73,169
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest, net of capitalized interest	62,901	72,105
Cash paid for income taxes	61	260
Non-cash investing and financing activities
Lease modification	19,417	0
Additions to vessels	(389)	0
Sale of vessels	0	5,766
Proceeds from the Navios Logistics’ Seller’s Credit Agreement for the construction of six liquid barges	0	2,246
Proceeds from the Navios Logistics’ Seller’s Credit Agreement for the acquisition of Navios Logistics’ 2020 Fleet	0	15,000
Transfers from deposits for vessels, port terminals and other fixed assets	0	57,107
Other long-term assets unpaid	$ (835)	$ (356)

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total Navios Holdings Stockholders Deficit Equity [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 0	$ 1	$ 643,033	$ (784,592)	$ (141,558)	$ 107,275	$ (34,283)
Beginning balance at Dec. 31, 2020	23,032	15,881,147
Net income/(loss)	$ 0	$ 0	0	163	163	1,151	1,314
Cancellation of shares	0	$ 0	0	0	0	0	0
Cancellation of shares, shares		(27)
Stock-based compensation expenses (Note 10)	0	$ 0	155	0	155	0	155
Stock-based compensation expenses (Note 10), shares		16,000
Ending balance, value at Mar. 31, 2021	$ 0	$ 1	643,188	(784,429)	(141,240)	108,426	(32,814)
Ending balance at Mar. 31, 2021	23,032	15,897,120
Beginning balance, value at Dec. 31, 2020	$ 0	$ 1	643,033	(784,592)	(141,558)	107,275	(34,283)
Beginning balance at Dec. 31, 2020	23,032	15,881,147
Net income/(loss)							25,859
Ending balance, value at Jun. 30, 2021	$ 0	$ 1	643,339	(759,493)	(116,153)	108,035	(8,118)
Ending balance at Jun. 30, 2021	23,032	15,897,064
Beginning balance, value at Mar. 31, 2021	$ 0	$ 1	643,188	(784,429)	(141,240)	108,426	(32,814)
Beginning balance at Mar. 31, 2021	23,032	15,897,120
Net income/(loss)	$ 0	$ 0	0	24,936	24,936	(391)	24,545
Cancellation of shares	0	$ 0	0	0	0	0	0
Cancellation of shares, shares		(56)
Stock-based compensation expenses (Note 10)	0	$ 0	151	0	151	0	151
Ending balance, value at Jun. 30, 2021	$ 0	$ 1	643,339	(759,493)	(116,153)	108,035	(8,118)
Ending balance at Jun. 30, 2021	23,032	15,897,064
Beginning balance, value at Dec. 31, 2021	$ 0	$ 2	679,301	(667,906)	11,397	55,247	66,644
Beginning balance at Dec. 31, 2021	23,032	25,198,620
Net income/(loss)	$ 0	$ 0	0	(5,000)	(5,000)	(128)	(5,128)
Cancellation of shares	$ 0	$ 0	0	0	0	0	0
Cancellation of shares, shares		(29)
Issuance of preferred stock (Note 10), shares	1,000
Stock-based compensation expenses (Note 10)	$ 0	$ 0	46	0	46	0	46
Stock-based compensation expenses (Note 10), shares		40,000
Ending balance, value at Mar. 31, 2022	$ 0	$ 2	679,347	(672,906)	6,443	55,119	61,562
Ending balance at Mar. 31, 2022	24,032	25,238,591
Beginning balance, value at Dec. 31, 2021	$ 0	$ 2	679,301	(667,906)	11,397	55,247	66,644
Beginning balance at Dec. 31, 2021	23,032	25,198,620
Net income/(loss)							42,150
Ending balance, value at Jun. 30, 2022	$ 0	$ 2	679,391	(627,946)	51,447	57,437	108,884
Ending balance at Jun. 30, 2022	24,032	25,238,591
Beginning balance, value at Mar. 31, 2022	$ 0	$ 2	679,347	(672,906)	6,443	55,119	61,562
Beginning balance at Mar. 31, 2022	24,032	25,238,591
Net income/(loss)	$ 0	$ 0	0	44,960	44,960	2,318	47,278
Stock-based compensation expenses (Note 10)	0	0	44	0	44	0	44
Ending balance, value at Jun. 30, 2022	$ 0	$ 2	$ 679,391	$ (627,946)	$ 51,447	$ 57,437	$ 108,884
Ending balance at Jun. 30, 2022	24,032	25,238,591

- Definition

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

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- Definition

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

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+ Details

Description of Business

6 Months Ended

Jun. 30, 2022

Business Combination, Description [Abstract]

Description of Business

NOTE 1: DESCRIPTION OF BUSINESS Description of Business

Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM) owns (i) a controlling equity stake in Navios South American Logistics Inc. (“Navios Logistics”), a leading infrastructure and logistics company in the Hidrovia region of South America; and (ii) an ownership interest in Navios Maritime Partners L.P. (“Navios Partners”), a leading, United States (“U.S.”) publicly listed shipping company which owns and operates dry cargo and tanker vessels.

On July 26, 2022, Navios Holdings agreed to sell its 36-vessel dry bulk fleet for an aggregate consideration of $835,000 consisting of cash and the assumption of bank debt and finance leases related to the vessels and subject to working capital adjustment at closing (the “Transaction”), to Navios Partners. For further information see Note 16 “Subsequent Events” in the interim condensed consolidated financial statements.

Prior to the Transaction, Navios Holdings was a global seaborne shipping and logistics company focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain.

Navios Logistics

Navios Logistics, a consolidated subsidiary of the Company, was incorporated under the laws of the Republic of the Marshall Islands on December 17, 2007. Navios Logistics believes it is one of the largest infrastructures and logistics companies in the Hidrovia region of South America, focusing on the Hidrovia river system, the main navigable river system in the region, and on cabotage trades along the south-eastern coast of South America. Navios Logistics is focused on providing its customers integrated transportation, storage and related services through its port facilities, its large, versatile fleet of dry and liquid cargo barges and its product tankers. Navios Logistics serves the needs of a number of growing South American industries, including mineral and grain commodity providers as well as users of refined petroleum products. As of June 30, 2022, Navios Holdings owned 63.8% of Navios Logistics’ stock.

Navios Partners

Navios Partners (NYSE:NMM) is an international owner and operator of dry cargo and tanker vessels and is engaged in the seaborne transportation services of a wide range of liquid and dry cargo commodities. Types of commodities Navios Partners transports include crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer and containers. Navios Partners charters its vessels under short-, medium-, and longer-term charters.

On March 31, 2021, Navios Partners acquired Navios Maritime Containers L.P. (“Navios Containers”), an international owner and operator of containerships, in a merger transaction (the “NMCI Merger”). Following the completion of the NMCI Merger on March 31, 2021, Navios Containers’ common units were no longer listed for trading on NASDAQ. In consequence of the NMCI Merger, as of June 30, 2022, Navios Holdings had no equity investment in Navios Containers. For more information about the NMCI Merger, see Note 14 “Investments in Affiliate Companies and Investments in Available-For-Sale Securities” to the interim condensed consolidated financial statements.

On October 15, 2021, Navios Maritime Acquisition Corporation (“Navios Acquisition”), an owner and operator of tanker vessels focusing on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals, and Navios Partners consummated a merger transaction (the “NNA Merger”). Following the consummation of the NNA Merger on October 15, 2021, Navios Acquisition common shares were no longer listed for trading on the NYSE. In consequence of the NNA Merger, as of June 30, 2022, Navios Holdings had no equity investment in Navios Acquisition. For more information about the NNA Merger, see Note 14 “Investments in Affiliate Companies and Investments in Available-For-Sale Securities” to the interim condensed consolidated financial statements.

As of both June 30, 2022 and December 31, 2021, Navios Holdings had a 10.3% ownership interest in Navios Partners. Incentive distribution rights are held by a consolidated subsidiary of Navios Holdings.

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of presentation: The accompanying interim condensed consolidated financial statements are unaudited, but, in the opinion of management, reflect all adjustments for a fair statement of Navios Holdings’ consolidated balance sheets, statements of comprehensive income, statements of cash flows and statements of changes in equity for the periods presented. The results of operations for the interim periods are not necessarily indicative of results for the full year. The footnotes are condensed as permitted by the requirements for interim financial statements and accordingly, do not include information and disclosures required under United States generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. All such adjustments are deemed to be of a normal recurring nature. These interim financial statements should be read in conjunction with the Company’s consolidated financial statements and notes included in Navios Holdings’ Annual Report for the year ended December 31, 2021 filed on Form 20-F with the Securities and Exchange Commission (“SEC”).

Following Russia’s invasion of Ukraine in February 2022 the United States, the European Union, the United Kingdom and other countries have announced sanctions against Russia, and may impose wider sanctions and take other actions in the future. To date, no apparent consequences have been identified on the Company’s business. It should be noted that since the Company employs Ukrainian and Russian seafarers, it may face problems in relation to their employment, repatriation, salary payments and be subject to claims in this regard. Notwithstanding the foregoing, it is possible that these tensions might eventually have an adverse impact on our business, financial condition, results of operations and cash flows.

Going concern

The interim condensed consolidated financial statements have been prepared on a going concern basis.

As of June 30, 2022, Navios Holdings’ current assets totaled $153,668, while current liabilities excluding operating lease liabilities, current portion totaled $315,258, resulting in a negative working capital position of $161,590, primarily related to the classification as current of $90,000 of the 11.25% Senior Secured Notes due in August 2022 (the “2022 Senior Secured Notes”) and $77,704 of scheduled repayments of the bank debt and finance leases related to the vessels as described below and in Note 6 “Borrowings” to the interim condensed consolidated financial statements.

As of August 2022, the Company had redeemed its 2022 Senior Secured Notes in full. Please see Note 6 “Borrowings” to the interim condensed consolidated financial statements.

In July 2022, Navios Holdings agreed to sell its 36-vessel dry bulk fleet for an aggregate consideration of $835,000 consisting of cash and the assumption of all of the bank debt and finance leases related to the vessels and subject to working capital adjustment at closing, (the “Transaction”), to Navios Partners. The closing of the Transaction was completed within the third quarter of 2022. The net cash proceeds from the Transaction were used (i) to repay $262,632 of amount outstanding under the NSM Loan I and II; and (ii) to fully redeem the outstanding balance of $80,000 under the 2022 Senior Secured Notes. Any remaining proceeds will be used to cover transaction costs and for general corporate purposes.

Based on internal forecasts and projections that take into account potential changes in the Company’s trading performance and other assets, management believes that the Company has adequate financial resources to continue in operation and meet its financial commitments, including but not limited to capital expenditures and debt service obligations, for a period of at least twelve months from the date of issuance of the interim condensed consolidated financial statements. Although internal forecasts and projections are driven by market data and are subject to future volatility along with other factors outside the control of the Company, with the existence of alternative liquidity sources and management’s ability to utilize them if needed, management concludes that the Company has the ability to continue as a going concern as of the date of the issuance of the interim condensed consolidated financial statements.

(b) Principles of consolidation: The accompanying interim condensed consolidated financial statements include the accounts of Navios Holdings, a Marshall Islands corporation, and its majority owned subsidiaries. All significant intercompany balances and transactions have been eliminated in the consolidated statements.

Subsidiaries: Subsidiaries are those entities in which the Company has an interest of more than one half of the voting rights or otherwise has power to govern the financial and operating policies. The acquisition method of accounting is used to account for the acquisition of subsidiaries. The cost of an acquisition is measured as the fair value of the assets given up, shares issued or liabilities undertaken at the date of acquisition. The excess of the cost of acquisition over the fair value of the net assets acquired and liabilities assumed is recorded as goodwill. All subsidiaries included in the interim condensed consolidated financial statements are 100% owned, except for Navios Logistics, which is 63.8% owned by Navios Holdings.

Investments in Affiliate Companies: Affiliate companies 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 company at cost, and adjusts the carrying amount for its share of the earnings or losses of the affiliate company subsequent to the date of investment and reports the recognized earnings or losses in income. Dividends received from an affiliate company reduce the carrying amount of the investment. The Company recognizes gains and losses in earnings for the issuance of shares by its affiliate companies, provided that the issuance of shares qualifies as a sale of shares. When the Company’s share of losses in an affiliate company equals or exceeds its interest in the affiliate company, the Company does not recognize further losses, unless the Company has incurred obligations or made payments on behalf of the affiliate company.

Affiliate companies included in the financial statements accounted for under the equity method: In the interim condensed consolidated financial statements of Navios Holdings, the following entities are included as affiliate companies and are accounted for under the equity method for such periods: (i) Navios Partners and its subsidiaries (ownership interest as of June 30, 2022 was 10.3%); Navios Acquisition and its subsidiaries (ownership interest through the Navios Partners’ NNA Merger in October 2021, was 6.9%); and (iii) Navios Containers and its subsidiaries (ownership interest through Navios Partners’ NMCI Merger in March 2021 was 3.9%).

(c) Revenue Recognition:

Revenue is recognized when (or as) the Company transfers promised goods or services to its customers in amounts that reflect the consideration to which the company expects to be entitled to in exchange for those goods or services, which occurs when (or as) the Company satisfies its contractual obligations and transfers control of the promised goods or services to its customers.

In determining the appropriate amount of revenue to be recognized as it fulfills its obligations under its agreements, the Company performs the following steps: (i) identification of the promised goods or services in the contract; (ii) determination of whether the promised goods or services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations based on estimated selling prices; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation.

Voyage revenues for the transportation of cargo are recognized ratably over the estimated relative transit time of each voyage. A voyage is deemed to commence when a vessel arrives at the loading port, as applicable under the contract, and is deemed to end upon the completion of the discharge of the current cargo. 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.

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 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.

Revenue from contracts of affreightment (“COA”)/voyage contracts relating to our barges are recognized ratably over the estimated relative transit time of each voyage. A voyage is deemed to commence upon the barge’s arrival at the loading port, as applicable under the contract, and is deemed to end upon the completion of discharge under the current voyage. The percentage of transit time is based on the number of days traveled as of the balance sheet date divided by the number of total days expected for the voyage. The position of the barge at the balance sheet date is determined by the days traveled as of the balance sheet date over the total voyage of the pushboat having the barge in tow. Revenue arising from contracts that provide our customers with continuous access to convoy capacity is recognized ratably over the period of the contracts.

Demurrage income represents payments made by the charterer to the vessel owner when loading or discharging time exceeds the stipulated time in the voyage charter and is recognized as it is earned.

The Company recognizes revenue ratably from the vessel’s/barge’s arrival at the loading port, as set forth in the applicable contract, 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.

Revenues from time-chartering and bareboat chartering of vessels and barges are accounted for as operating leases and are thus recognized on a straight-line basis as the average revenue over the rental periods of such charter agreements as service is performed. However, for loss generating time charters, the loss is recognized in the period during which the loss is generated. A time-charter involves placing a vessel or barge at the charterer’s disposal for a period of time during which the charterer uses the vessel in return for the payment of a specified daily hire rate. Charters for periods of less than three months are referred to as spot-charters. Charters for periods of three months to a year are generally referred to as medium-term charters. All other charters are considered long-term. For time-charters, the owner of the vessel typically pays the vessel’s operating costs, such as crews, maintenance and insurance.

Revenues from dry port terminal operations consist of an agreed flat fee per ton and cover the services performed to unload barges (or trucks), transfer the product into silos or the stockpiles for temporary storage, and to load the ocean-going vessels. Revenues are recognized upon completion of loading the ocean-going vessels. Revenue arising from contracts that provide our customers with continuous access to port terminal storage and transshipment capacity is recognized ratably over the period of the contracts. Additionally, fees are charged for vessel dockage and for storage time in excess of contractually specified terms. Dockage revenues are recognized ratably up to completion of loading as the performance obligation is met evenly over the loading period. Storage fees are assessed and recognized at the point when the product remains in the silo storage beyond the contractually agreed upon term. Storage fee revenue is recognized ratably over the storage period and ends when the product is loaded onto the ocean-going vessel.

Revenues from liquid port terminal consist mainly of sales of petroleum products in the Paraguayan market and revenues from liquid port operations. Revenues from liquid port terminal operations consist of an agreed flat fee per cubic meter or a fixed rate over a specific period to cover the services performed to unload barges, transfer the products into the tanks for temporary storage and then loading the trucks. Revenues that consist of an agreed flat fee per cubic meter are recognized upon completion of loading the trucks. Revenues from liquid port terminal operations that consist of a fixed rate over a specific period are recognized ratably over the storage period as the performance obligation is met evenly over time, ending when the product is loaded onto the trucks.

Additionally, revenues consist of an agreed flat fee per cubic meter to cover the services performed to unload barges, transfer the products into the tanks for temporary storage, and to load the trucks. Revenues are recognized upon completion of loading the trucks. Additionally, fees are charged for storage time in excess of contractually specified terms. Storage fee revenue is recognized ratably over the storage period and ends when the product is loaded onto the trucks.

Expenses related to our revenue-generating contracts are recognized as incurred.

The following tables reflect the revenue earned per category for the three and six month periods ended June 30, 2022 and 2021:

Dry Bulk Vessel Operations
for the
Three Month Period Ended
June 30, 2022 Logistics Business for the
Three Month Period Ended
June 30, 2022 Total for the Three Month Period Ended
June 30, 2022

COA/Voyage revenue $ — $ 24,519 $ 24,519

Time chartering revenue $ 89,349 $ 13,808 $ 103,157

Port terminal revenue $ — $ 25,174 $ 25,174

Storage fees (dry port) revenue $ — $ 1,812 $ 1,812

Dockage revenue $ — $ 1,745 $ 1,745

Liquid port terminal revenue $ — $ 1,614 $ 1,614

Other $ 687 $ 513 $ 1,200

Total $ 90,036 $ 69,185 $ 159,221

Dry Bulk Vessel Operations
for the
Three Month Period Ended
June 30, 2021 Logistics Business for the
Three Month Period Ended
June 30, 2021 Total for the Three Month Period Ended
June 30, 2021

COA/Voyage revenue $ 2,803 $ 21,897 $ 24,700

Time chartering revenue $ 83,064 $ 11,106 $ 94,170

Port terminal revenue $ — $ 21,342 $ 21,342

Storage fees (dry port) revenue $ — $ 16 $ 16

Dockage revenue $ — $ 1,282 $ 1,282

Sale of products revenue $ — $ 315 $ 315

Liquid port terminal revenue $ — $ 1,216 $ 1,216

Other $ 186 $ 397 $ 583

Total $ 86,053 $ 57,571 $ 143,624

Dry Bulk Vessel Operations
for the
Six Month Period Ended
June 30, 2022 Logistics Business for the
Six Month Period Ended
June 30, 2022 Total for the Six Month Period Ended
June 30, 2022

COA/Voyage revenue $ — $ 44,326 $ 44,326

Time chartering revenue $ 157,724 $ 25,201 $ 182,925

Port terminal revenue $ — $ 47,991 $ 47,991

Storage fees (dry port) revenue $ — $ 2,173 $ 2,173

Dockage revenue $ — $ 3,107 $ 3,107

Sale of products revenue $ — $ 1,894 $ 1,894

Liquid port terminal revenue $ — $ 3,075 $ 3,075

Other $ 948 $ 572 $ 1,520

Total $ 158,672 $ 128,339 $ 287,011

Dry Bulk Vessel Operations
for the
Six Month Period Ended
June 30, 2021 Logistics Business for the
Six Month Period Ended
June 30, 2021 Total for the Six Month Period Ended
June 30, 2021

COA/Voyage revenue $ 8,016 $ 39,482 $ 47,498

Time chartering revenue $ 141,317 $ 21,973 $ 163,290

Port terminal revenue $ — $ 40,925 $ 40,925

Storage fees (dry port) revenue $ — $ 124 $ 124

Dockage revenue $ — $ 1,880 $ 1,880

Sale of products revenue $ — $ 3,495 $ 3,495

Liquid port terminal revenue $ — $ 2,448 $ 2,448

Other $ 448 $ 467 $ 915

Total $ 149,781 $ 110,794 $ 260,575

Deferred Income and Cash Received In Advance: Deferred voyage revenue primarily relates to cash received from charterers prior to it being earned.

These amounts are recognized as revenue over the voyage or charter period.

(d) Recent Accounting Pronouncements:

Adoption of new accounting pronouncements:

In July 2021, the FASB issued ASU 2021-05, Lease (Topic 842): Lessors—Certain Leases with Variable Lease Payments (“ASU 2021-05”). The guidance in ASU 2021-05 amends the lease classification requirements for the lessors under certain leases containing variable payments to align with practice under ASC 840. The lessor should classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if both of the following criteria are met: 1) the lease would have been classified as a sales-type lease or a direct financing lease in accordance with the classification criteria in ASC 842-10-25-2 through 25-3; and 2) the lessor would have otherwise recognized a day-one loss. The amendments in ASU 2021-05 are effective for fiscal years beginning after December 15, 2021. The adoption of this ASU on January 1, 2022 did not have a material impact on the Company’s interim condensed consolidated financial statements.

On August 5, 2020, the FASB issued ASU No. 2020-06, Debt -Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging -Contracts in Entity’s Own Equity (Subtopic 815-40). The objective of this update is to improve understandability and reduce complexity on distinguishing liabilities from equity. Amendments affect entities that issue convertible instruments and/or contracts indexed to and potentially settled in an entity’s own equity. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Adoption is allowed through either a modified retrospective method of transition or a fully retrospective method of transition. The adoption of this ASU on January 1, 2022 did not have a material impact on the Company’s opening balances and interim condensed consolidated financial statements.

Cash and Cash Equivalents and Restricted Cash

6 Months Ended

Jun. 30, 2022

Cash, Cash Equivalents, Restricted Cash, and Restricted 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 consisted of the following:

Cash and Cash equivalents

	June 30, 2022		December 31, 2021
Cash on hand and at banks	$	45,561	$	53,547
Short-term deposits and highly liquid funds		659		44
Restricted cash		8,726		84,260
Cash and cash equivalents and restricted cash	$	54,946	$	137,851

Short-term deposits and highly liquid funds relate to amounts held in banks for general financing purposes and represent deposits with an original maturity of less than three months and are included in the condensed consolidated balance sheets under the caption “Cash and cash equivalents”.

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 Holdings does maintain cash deposits and equivalents in excess of government provided insurance limits. Navios Holdings reduces exposure to credit risk by dealing with a diversified group of major financial institutions.

As of June 30, 2022 and December 31, 2021, restricted cash included $8,726 and $0, respectively, which related to amounts held in retention and other accounts as required by certain of Navios Holdings’ credit facilities. As of December 31, 2021, within restricted cash is included also an amount of $84,250 as cash collateral in an escrow account, concerning the release of Navios Lumen, Navios Stellar and Navios Phoenix, from the 2022 Notes (as defined below) which was released upon redemption of the 2022 Notes in January 2022. As of both June 30, 2022 and December 31, 2021, within restricted cash, are also included amounts held as security in the form of letters of guarantee or letters of credit totaling $10.

Vessels, Port Terminals and Other Fixed Assets, Net

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Vessels, Port Terminals and Other Fixed Assets, Net

NOTE 4: VESSELS, PORT TERMINALS AND OTHER FIXED ASSETS, NET

Vessels, Port Terminals and Other Fixed Assets, net	Cost		Accumulated Depreciation		Net Book Value
Balance December 31, 2021	$	1,392,629	$	(442,627)	$	950,002
Additions		4,622		(26,201)		(21,579)
Balance June 30, 2022	$	1,397,251	$	(468,828)	$	928,423

Deposits for Vessels and Port Terminals Acquisitions

As of June 30, 2022 and December 31, 2021, Navios Logistics had paid $765 and $713, respectively, for capitalized expenses for the development of its port operations in Port Murtinho region, Brazil, which was included in the interim condensed consolidated statement of financial position under the caption “Other long-term assets”.

During the first quarter of 2021, Navios Logistics completed the construction of six liquid barges. As of December 31, 2021 a total of $19,501 had been transferred to “Vessels, port terminals and other fixed assets, net” in the interim condensed consolidated statement of financial position, of which capitalized interest amounted to $1,062.

During the first quarter of 2021, Navios Logistics completed the construction of two new tanks in its liquid port terminal. As of December 31, 2021 a total of $1,843 had been transferred to “Vessels, port terminals and other fixed assets, net” in the interim condensed consolidated statement of financial position.

During the second quarter of 2021, Navios Logistics completed the installation of a crane in its Grain Port Terminal. As of December 31, 2021, a total of $3,803 was transferred to “Vessels, port terminals and other fixed assets, net” in the interim condensed consolidated statement of financial position.

Impairment Loss/ Loss on Sale of Vessels, Net

In July 2021, the Company completed the sale to Navios Partners of the Navios Azimuth, a 2011 built Capesize vessel of 179,169 dwt, for a sale price of $30,000. As of June 30, 2021, the impairment loss amounted to $9,104 (including $1,950 remaining carrying balance of dry dock and special survey costs) and is included in the interim condensed consolidated statements of comprehensive income under the caption “Impairment loss/ loss on sale of vessels, net”.

In June 2021, the Company completed the sale to Navios Partners of the Navios Ray, a 2012 built Capesize vessel of 179,515 dwt, and the Navios Bonavis, a 2009 built Capesize vessel of 180,022 dwt, for a sale price of $58,000. The loss due to sale amounted to $8,753 (including $1,775 remaining carrying balance of dry dock and special survey costs) and is included in the interim condensed consolidated statements of comprehensive income under the caption “Impairment loss/ loss on sale of vessels, net”.

In June 2021, the Company completed the sale to Navios Partners of the Navios Koyo, a 2011-built Capesize vessel, which was previously chartered-in by Navios Holdings, for a sale price of $28,500. The net sale proceeds were $8,500 and the gain due to sale amounted to $12,451 and is included in the interim condensed consolidated statements of comprehensive income under the caption “Impairment loss/ loss on sale of vessels, net”. Refer to Note 15 “Leases” to the interim condensed consolidated financial statements.

In June 2021, the Company completed the sale to an unrelated third party of the Navios Serenity, a 2011 built Handysize vessel of 34,690 dwt, for a net sale price of $10,388. The loss due to sale amounted to $6,957 (including $11 remaining carrying balance of dry dock and special survey costs) and is included in the interim condensed consolidated statements of comprehensive income under the caption “Impairment loss/ loss on sale of vessels, net”.

In March 2021, the Company completed the sale to Navios Partners of the Navios Centaurus, a 2012 built Panamax vessel of 81,472 dwt, and the Navios Avior, a 2012 built Panamax vessel of 81,355 dwt, for a sale price of $39,250, including working capital adjustments, amounting to $5,766. The loss due to sale amounted to $13,498 (including $495 remaining carrying balance of dry dock and special survey costs) and is included in the interim condensed consolidated statements of comprehensive income under the caption “Impairment loss/ loss on sale of vessels, net”.

In February 2021, the Company completed the sale to an unrelated third party of the Navios Astra, a 2006-built Ultra Handymax vessel of 53,468 dwt, for a net sale price of approximately $6,644.

Vessel Acquisitions of Navios Logistics

In the fourth quarter of 2020, Navios Logistics signed a purchase agreement with an unrelated third party for the acquisition of three pushboats and 18 tank barges (the “Navios Logistics 2020 Fleet”), for a purchase price of $30,000. The acquisition was completed on March 22, 2021. As of December 31, 2021, a total of $31,960 was transferred to “Vessels, port terminals and other fixed assets, net” in the interim condensed consolidated statement of financial position.

Since 2018, Navios Logistics acquired approximately 9.0 hectares of undeveloped land located in the Port Murtinho region of Brazil. Navios Logistics plans to develop this land for its port operations, for a total cost of $1,580.

Intangible Assets Other Than Goodwill

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Other Than Goodwill

NOTE 5: INTANGIBLE ASSETS OTHER THAN GOODWILL Intangible Assets Other Than Goodwill

Intangible Assets Other Than Goodwill

Intangible assets	June 30, 2022		December 31, 2021
Acquisition cost	$	178,642	$	178,642
Accumulated amortization		(88,441)		(85,661)
Total intangible assets net book value	$	90,201	$	92,981

Amortization expense for both three month periods ended June 30, 2022 and 2021 amounted to $1,394 and for both the six month periods ended June 30, 2022 and 2021 amounted to $2,780.

The remaining aggregate amortization of acquired intangibles as of June 30, 2022 will be as follows:

Period
Year One	$	5,581
Year Two		5,588
Year Three		5,581
Year Four		5,581
Year Five		5,581
Thereafter		62,289
Total	$	90,201

Borrowings

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Borrowings

NOTE 6: BORROWINGS Borrowings

Borrowings, as of June 30, 2022 and December 31, 2021, consisted of the following:

Borrowings

Facility	June 30, 2022		December 31, 2021
Secured Credit Facilities	$	185,930	$	—
2022 Senior Secured Notes		90,000		155,000
2022 Notes		—		455,466
2024 Notes		8,626		8,626
NSM Loan (incl. accrued interest $306)		—		48,879
$115.0 million NSM Loan (incl. accrued interest $571)		—		64,630
NSM Loan I		127,632		—
NSM Loan II		135,000		—
Convertible Debenture		47,637		—
Sale and Leaseback Agreements		137,802		114,837
2025 Logistics Senior Notes		500,000		500,000
Navios Logistics other long-term loans and notes payable		58,804		58,376
Total borrowings		1,291,431		1,405,814
Less: current portion, net		(165,662)		(307,451)
Less: deferred finance costs, net		(19,542)		(19,330)
Total long-term borrowings	$	1,106,227	$	1,079,033

Navios Holdings Debt

2022 Senior Secured Notes

On November 21, 2017, the Company and its wholly owned subsidiary, Navios Maritime Finance II (US) Inc. (together with the Company, the “Co-Issuers”) issued $305,000 of 11.25% Senior Notes due 2022, at a price of 97%.

During the three and six month periods ended June 30, 2022, the Company redeemed an aggregate principal amount of $40,000 and 65,000, respectively, of its 2022 Senior Secured Notes at a redemption price equal to 100.00% of the aggregate principal amount thereof, plus accrued and unpaid interest to, but excluding, the respective redemption dates. No redemptions took place during the three and six month periods ended June 30, 2021. For the three and six month periods ended June 30, 2022, the Company wrote off $106 and $221, respectively, of deferred financing costs associated with the redemptions and is included in the interim condensed consolidated statement of comprehensive income under the caption “(Loss)/gain on bond extinguishment”. In July 2022, the Company redeemed an aggregate principal amount of $10,000 of its 2022 Senior Secured Notes.

In August 2022, the Company fully redeemed the outstanding balance of $80,000 on the 2022 Senior Secured Notes using cash received from the Transaction and the amount of $142 relating to deferred financing costs was written off. For further information see Note 16 “Subsequent Events” in the interim condensed consolidated financial statements.

2022 Notes

On November 29, 2013, the Co-Issuers completed the sale of $650,000 of 7.375% First Priority Ship Mortgage Notes due 2022 (the “2022 Notes”). During the three and six month periods ended June 30, 2021, the Company repurchased $14,356 in par value of the 2022 Notes for cash consideration of $12,454 resulting in a gain on bond extinguishment of $1,873, net of deferred financing costs written-off.

In January 2022, the Company fully repaid the outstanding balance of $455,466 on the 2022 Notes using (i) $206,725 under two credit facilities with commercial banks; (ii) $77,000 under four sale and leaseback agreements; (iii) $100,000 of additional financing from NSM; and (iv) cash from operations. In addition, as of December 31, 2021, $158,873 of 2022 Notes held by the Company that had previously been pledged as collateral to NSM, were cancelled.

2024 Notes

On March 21, 2019, Navios Holdings issued $4,747 of 9.75% Senior Notes due 2024 (the “2024 Notes”) as an exchange for a total of 10,930 Series H shares which were validly tendered as of that date. For additional information on the Series H shares, see Note 10 “Preferred and Common Stock” to the interim condensed consolidated financial statements.

On April 21, 2019, Navios Holdings issued $3,879 of the 2024 Notes as an exchange for a total of 8,841 Series G shares which were validly tendered as of that date. For additional information on the Series G shares, see Note 10 “Preferred and Common Stock” to the interim condensed consolidated financial statements.

The 2024 Notes are Navios Holdings’ senior unsecured general obligations and rank senior in right of payment to any of Navios Holding’s existing and future debt that expressly provides that it is subordinated to the 2024 Notes, pari passu in right of payment with all of Navios Holding’s existing and future senior obligations, structurally subordinated in right of payment to the obligations of Navios Holding’s subsidiaries, and effectively subordinated in right of payment to any existing and future obligations of Navios Holdings that are secured by property or assets that do not secure the 2024 Notes, including the 2022 Senior Secured Notes and the 2022 Notes, to the extent of the value of any such property and assets securing such other obligations. The 2024 Notes are not guaranteed by any of Navios Holdings’ subsidiaries.

The indenture governing the 2024 Notes does not contain restrictive covenants but does include customary events of default.

Navios Holdings has the option to redeem the 2024 Notes, in whole or in part, at any time, at a redemption price equal to 100% of the principal amount of the 2024 Notes to be redeemed, plus accrued interest.

Secured Credit Facilities

Hamburg Commercial Bank AG

In December 2021, Navios Holdings entered into a loan agreement with Hamburg Commercial Bank AG (“HCOB”) for an amount of $101,750, for the refinancing of seven dry bulk vessels. On January 5, 2022, the amount under this facility was fully drawn. The loan bore interest at a rate of LIBOR plus a margin, which ranged from 3.25% per annum to 4.50% per annum. In March 2022, Navios Holdings prepaid an amount of $10,380 and one dry bulk vessel was released. The remaining loan balance of $91,345 was repayable in eight quarterly installments of $3,915, beginning three months from the date of the initial drawdown, with a final balloon payment of $60,027 on the last repayment date. The loan facility required compliance with certain covenants, as described below. As of June 30, 2022, the outstanding balance under this facility was $87,430.

As of September 8, 2022 the outstanding balance of the secured credit facility was assumed by Navios Partners pursuant to the Transaction. For further information see Note 16 “Subsequent Events” in the interim condensed consolidated financial statements.

Credit Agricole CIB/ BNP Paribas

In December 2021, Navios Holdings entered into a loan agreement with Credit Agricole CIB (“CACIB”) and BNP Paribas (“BNPP”) for an amount of $105,000, for the refinancing of seven dry bulk vessels. On January 5, 2022, the amount under this facility was fully drawn. The loan bore interest at a rate of LIBOR plus a margin, which ranged from 2.85% per annum to 3.75% per annum. The loan was repayable in four quarterly installments of $6,500, beginning three months from the date of the initial drawdown, followed by eight consecutive quarterly installments of $4,750 with a final balloon payment of $41,000 on the last repayment date. The loan facility required compliance with certain covenants, as described below. As of June 30, 2022, the outstanding balance under this facility was $98,500.

As of September 8, 2022 the outstanding balance of the secured credit facility was assumed by Navios Partners pursuant to the Transaction. For further information see Note 16 “Subsequent Events” in the interim condensed consolidated financial statements.

The facilities were secured by first priority mortgages on certain of Navios Holdings’ vessels and other collateral.

The credit facilities contained a number of restrictive covenants that limited Navios Holdings and/or certain of its subsidiaries from, among other things: incurring or guaranteeing indebtedness; entering into affiliate transactions; charging, pledging or encumbering the vessels securing such facilities; changing the flag, class, management or ownership of certain Navios Holdings’ vessels; changing the commercial and technical management of certain Navios Holdings’ vessels; selling or changing the ownership of certain Navios Holdings’ vessels; and subordinating the obligations under the credit facilities to any general and administrative costs relating to the vessels. The credit facilities also required the vessels to comply with the ISM Code and ISPS Code and to maintain valid safety management certificates and documents of compliance at all times. Additionally, the credit facilities required compliance with the covenants contained in the indentures governing the 2022 Senior Secured Notes and the 2024 Notes. Among other events, it would have been an event of default under the credit facilities if the Company failed to maintain the financial covenants or if Angeliki Frangou and her affiliate companies owned (in the aggregate) less than 10% of the outstanding share capital of Navios Holdings.

The Company’s secured credit facilities required compliance with maintenance covenants. Depending on the facility, these covenants included: (i) value-to-loan ratio covenants based on charter-free valuations, ranging from over 125% to 133%; (ii) minimum liquidity, as defined in the credit facilities, of $10,000; (iii) total debt divided by total assets, as defined in each credit facility, of 75%; and (iv) net worth, as defined in the credit facility, of $125,000.

As of June 30, 2022, the Company was in compliance with all of the covenants under each of its credit facilities.

NSM Loan I

In December 2021, Navios Holdings entered into an amended and restated loan agreement to the existing NSM Loan (as defined herein) dated August 29, 2019 (the “NSM Loan I”). Pursuant to NSM Loan I, a wholly owned subsidiary of NSM made available to the Company a secured term loan of up to $127,632, in two tranches. The first tranche of $48,573 represented borrowings already made available to the Company under the NSM Loan and the second tranche of $79,059 represented new borrowings made available, in exchange for the release by NSM of certain existing collateral. As of June 30, 2022, the total outstanding balance of this facility amounted to $127,632 and is presented under the caption “Loans payable to affiliate companies, net of current portion”. The amount of $11,204 of accrued payment in kind (“PIK”) interest at 18% is included under the caption “Convertible debenture payable to affiliate companies”. For information on the NSM Loan and NSM Loan I, see Note 9 “Transactions with Related Parties” in the interim condensed consolidated financial statements.

In the third quarter of 2022, the outstanding balance under NSM Loan I was fully repaid using cash received from the Transaction. For further information see Note 16 “Subsequent Events” in the interim condensed consolidated financial statements.

NSM Loan II

In December 2021, Navios Holdings entered an amended and restated loan agreement to the existing $115.0 million NSM Loan (as defined herein) dated June 29, 2021 (the “NSM Loan II” and, together with NSM Loan I, the “NSM Loans”). Pursuant to NSM Loan II, a wholly-owned subsidiary of NSM made up to $135,000 available to the Company under a secured term loan in two tranches. The first tranche of $64,059 represented outstanding borrowings already made available under the $115.0 million NSM Loan and the second tranche of $70,941 represented new borrowings made available, in exchange for the release by NSM of certain existing collateral. As of June 30, 2022, the total outstanding balance of this facility amounted to $135,000 and is presented under the caption “Loans payable to affiliate companies, net of current portion”, and an amount of $11,850 of accrued PIK interest at 18% is included under the caption “Convertible debenture payable to affiliate companies”. For information on the $115.0 million NSM Loan and NSM Loan II, see Note 9 “Transactions with Related Parties” in the interim condensed consolidated financial statements.

In the third quarter of 2022, the outstanding balance under NSM Loan II was fully repaid using cash received from the Transaction. For further information see Note 16 “Subsequent Events” in the interim condensed consolidated financial statements.

Upon completion of the refinancing in January 2022, NSM received an upfront fee in respect of the NSM Loan I and the NSM Loan II of $24,000 in the form of a Convertible Debenture and is included in the interim condensed consolidated statement of comprehensive income under the caption “Non-operating other finance cost”. The agreements also provide for prepayment premiums ranging from 5%-10% during the first 36 months of the term which is payable in the form of Convertible Debenture, described below.

Convertible Debenture

In December 2021, Navios Holdings entered into a convertible debenture with NSM (the “Convertible Debenture”), covering certain payments under the NSM Loans including an upfront fee of $24,000, accrued interest, and prepayment fees. The lender has the option to convert any portion of the outstanding balance under the Convertible Debenture into shares of common stock of Navios Holdings pursuant to an agreed-upon mechanism. The Convertible Debenture has a term of five years and bears interest at the rate of 4% PIK, payable at maturity, if not earlier converted into shares of our common stock. As of June 30, 2022, the total outstanding balance of the Convertible Debenture amounted to $47,637, including $23,637, which consists of the accrued PIK interest at 18% on the NSM Loan I and II and the 4% PIK interest, amounting to $11,204, $11,850 and $583, respectively, and is presented under the caption “Convertible debenture payable to affiliate companies”. For information on the Convertible Debenture, see Note 9 “Transactions with Related Parties” in the interim condensed consolidated financial statements.

Following the repayments of the NSM Loan I and NSM Loan II described above, the applicable prepayment fee paid via increase of the Convertible Debenture is $61,730

Sale and Leaseback Agreements

In the first quarter of 2020, the Company entered into two sale and leaseback agreements of $68,000 in total, with unrelated third parties for two Capesize vessels. Navios Holdings had no purchase obligation to acquire the vessels at the end of the lease term, however, it was reasonably certain that respective purchase options would be exercised and under ASC 842-40, the transfer of the vessels were 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.

The sale and leaseback agreements for the two Capesize vessels were repayable by 144 consecutive monthly payments of approximately $224 and $238 each, commencing as of January 2020 and March 2020, respectively. The agreements mature in the fourth quarter of 2031 and first quarter of 2032, respectively, with a balloon payment of $750 per vessel on the last repayment date.

In December 2021, Navios Holdings entered into four new sale and leaseback agreements of $77,000 in total, with unrelated third parties, in order to finance four dry bulk vessels. In December 2021, three of the four new sale and leaseback agreements were drawn down amounting to $58,000 in total.

Two dry bulk vessels were repayable by 96 consecutive payments of approximately $481 each, commencing as of December 2021. One dry bulk vessel was repayable by 72 consecutive monthly payments of approximately $688, commencing as of December 2021. Two of the agreements mature in the fourth quarter of 2029 and one in the fourth quarter of 2027, respectively, with a balloon payment of $3,600 each for two dry bulk vessels and $3,500 for one dry bulk vessel on the last repayment date. The fourth sale and leaseback agreement amounting to $19,000 was drawn down in January 2022, and was repayable by 84 consecutive monthly payments of approximately $643. The fourth sale and leaseback agreement matures in the first quarter of 2029 with a balloon payment of $1,000.

In March 2022, Navios Holdings entered into a sale and leaseback agreement to finance one dry bulk vessel. The fifth sale and leaseback agreement amounting to $12,000 was drawn down in March 2022, and was repayable by 60 consecutive monthly payments of approximately $521. The fifth sale and leaseback agreement matures in the first quarter of 2027 with a balloon payment of $1,600.

As of June 30, 2022, the outstanding balance under the sale and leaseback agreements was $137,802 in total.

In the third quarter of 2022, Navios Holdings completed the acquisition of a previously chartered-in vessel, Navios Sky. Please see also Note 15 “Leases” to the interim condensed consolidated financial statements. In the third quarter of 2022, the Company entered into a sale and leaseback agreement to finance a dry bulk vessel. The eighth sale and leaseback agreement amounting to $22,000 was drawn down in the third quarter 2022, and was repayable by 120 consecutive monthly payments of approximately $158. The eighth sale and leaseback agreement matures in the third quarter of 2032 with a balloon payment of $3,000.

The sale and leaseback agreements had no financial covenants.

As of September 8, 2022 the outstanding balances of the sale and leaseback agreements were assumed by Navios Partners pursuant to the Transaction. For further information see Note 16 “Subsequent Events” in the interim condensed consolidated financial statements.

Navios Logistics Debt

2025 Logistics Senior Notes

On July 8, 2020, Navios Logistics and its wholly-owned subsidiary Navios Logistics Finance (US) Inc. (“Logistics Finance” and, together with Navios Logistics (the “Logistics Co-Issuers”) issued $500,000 in aggregate principal amount of senior secured notes due on July 1, 2025, at a fixed rate of 10.75% (the “2025 Logistics Senior Notes”).

On or after August 1, 2022, the Logistics Co-Issuers may redeem some or all of the 2025 Logistics Senior Notes at the redemption prices set forth in the indenture governing the 2025 Logistics Senior Notes. In addition, before August 1, 2022, the Logistics Co-Issuers may redeem up to 35% of the aggregate principal amount of the 2025 Logistics Senior Notes at a price equal to 110.750% of the principal amount of the 2025 Logistics Senior Notes to be redeemed plus accrued and unpaid interest, if any, to the redemption date with an amount equal to the net cash proceeds of one or more equity offerings so long as at least 50% of the originally issued aggregate principal amount of the 2025 Logistics Senior Notes remains outstanding. Prior to August 1, 2022, the Logistics Co-Issuers may also redeem all or a part of the 2025 Logistics Senior Notes at a redemption price equal to the sum of: (a) 100% of the principal amount of the 2025 Logistics Senior Notes to be redeemed; plus (b) the applicable “make-whole” premium described in the Indenture governing the 2025 Logistics Senior Notes, plus (c) accrued and unpaid interest, if any, on the 2025 Logistics Senior Notes to be redeemed, to (but excluding) the applicable redemption date, subject to the right of holders of notes on the relevant record date to receive interest due on all the relevant interest payment dates. The Logistics Co-Issuers may also redeem all, but not less than all, of the 2025 Logistics Senior Notes at a price equal to 100% of the principal amount plus accrued and unpaid interest, if any, upon certain changes in law that would trigger the payment of withholding taxes. Furthermore, upon the occurrence of certain change of control events, the Logistics Co-Issuers may be required to offer to purchase 2025 Logistics Senior Notes from holders at a price equal to 101% of the principal amount plus accrued and unpaid interest, if any.

The 2025 Logistics Senior Notes are senior secured obligations of the Logistics Co-Issuers and rank equal in right of payment to all of their existing and future senior indebtedness and senior in right of payment to all of their future subordinated indebtedness. The 2025 Logistics Senior Notes are fully and unconditionally guaranteed, jointly and severally, by all of the Navios Logistics’ direct and indirect subsidiaries, other than the Logistics Co-Issuer. The 2025 Logistics Senior Notes are secured by (i) first priority ship mortgages on four tanker vessels servicing the Navios Logistics’ cabotage business (the (1) Elena H, (2) Makenita H, (3) Sara H and (4) He Man H) owned by certain subsidiary guarantors (such guarantors, the “Mortgaged Vessel Guarantors”) and related assignments of earnings and insurance together with a first priority lien on the capital stock of each Mortgaged Vessel Guarantor; and (ii) an assignment by way of security of the Vale port contract (collectively, the “Collateral”).

The 2025 Logistics Senior Notes are effectively senior to all existing and future obligations of the subsidiary guarantors that own Collateral to the extent of the value of the Collateral but effectively junior to any existing and future secured obligations of the Logistics Co-Issuers and the subsidiary guarantors that are secured by assets other than the Collateral to the extent of the value of any assets securing such other obligations. The indenture governing the 2025 Logistics Senior Notes contains restrictive covenants that limit, among other things, the ability of the Logistics Co-Issuers and their restricted subsidiaries to incur additional indebtedness, pay dividends and make distributions on common and preferred stock, make other restricted payments, make investments, incur liens, consolidate, merge, sell or otherwise dispose of all or substantially all of their assets and enter into certain transactions with affiliate companies, in each case, subject to exclusions, and other customary covenants. The indenture governing the 2025 Logistics Senior Notes also contains customary events of default.

The Logistics Co-Issuers were in compliance with the covenants as of June 30, 2022.

As of June 30, 2022 and December 31, 2021, deferred financing costs associated with the 2025 Logistics Senior Notes amounted to $14,403 and $15,927, respectively.

Navios Logistics Other Long-term Loans and Notes Payable

On February 28, 2022, Navios Logistics entered into a $7,000 loan facility with Alpha Bank (the “2022 Navios Logistics Alpha Bank Loan”) in order to repay existing debt under the Navios Logistics Alpha Bank Loan. The 2022 Navios Logistics Alpha Bank Loan bears interest at a rate of the Secured Overnight Financing Rate (“SOFR”) plus 315 basis points. The 2022 Navios Logistics Alpha Bank Loan is repayable in twelve quarterly installments, beginning on August 18, 2022, with a final balloon payment of $2,800 on the last repayment date. On May 18, 2022, the amount available under this facility was fully drawn and the outstanding amount of was $7,000. As of June 30, 2022 and December 31, 2021, unamortized deferred finance costs associated with the 2022 Navios Logistics Alpha Bank Loan amounted to $87 and $99, respectively.

On March 23, 2022, Navios Logistics entered into a $25,000 loan facility with Banco Bilbao Vizcaya Argentaria (the “2022 Navios Logistics BBVA Facility”). The 2022 Navios Logistics BBVA Facility was used to repay existing debt with BBVA and for general corporate purposes. The 2022 Navios Logistics BBVA Facility bears interest at a rate of 4.25% per annum, is repayable in quarterly installments with final maturity on July 1, 2025 and is secured by assignments of certain receivables. As of June 30, 2022, Navios Logistics had drawn a total of $17,000 on the 2022 Navios Logistics BBVA Facility and the outstanding balance was $17,000.

On March 25, 2022, Navios Logistics entered into a $5,000 loan facility with Banco Santander S.A. (the “Navios Logistics Santander Facility”) for general corporate purposes. The Navios Logistics Santander Facility bears interest at a rate of 4.20% per annum, is repayable in twelve equal quarterly installments with final maturity on March 7, 2026 and is secured by assignments of certain receivables. As of June 30, 2022, Navios Logistics had drawn the total available amount and the outstanding balance was $4,711.

As of June 30, 2022, Navios Logistics had long-term loans and notes payable, with a total outstanding balance of $58,804, including the three above mentioned financings. The purpose of the facilities was to finance the construction of its Dry Port Terminal, the acquisition of vessels, or for general corporate purposes. The facilities are mainly denominated in U.S. dollars and bear interest based on LIBOR or SOFR plus spread ranging from 3.15% to 8.50% per annum. The facilities are repayable in installments and have maturities ranging from March 2024 to March 2026. See also the maturity table included below.

During the six month period ended June 30, 2022, the Company paid $39,035 related to scheduled repayment installments on its secured credit facilities, and $131,012 related to prepayments of four of the Company’s credit facilities. During the six month period ended June 30, 2022, the proceeds from the NSM Loans were $262,632, the proceeds from long term debt were $235,725 and the proceeds from the two sale and leaseback agreements were $31,000.

During the six month period ended June 30, 2021, the Company paid, $79,071 related to scheduled repayment installments under its secured credit facilities and, $36,199 related to the prepayment of four of Navios Holdings’ credit facilities.

The annualized weighted average interest rates of the Company’s total borrowings for the three and six month periods ended June 30, 2022 were 10.17% and 10.05%, respectively. The annualized weighted average interest rates of the Company’s total borrowings for the three and six month periods ended June 30, 2021 were 9.34% and 9.33%, respectively.

The maturity table below reflects the principal payments for the next five years and thereafter of all borrowings of Navios Holdings (including Navios Logistics) outstanding as of June 30, 2022, based on the repayment schedules of the respective loan facilities and the outstanding amount due under the debt securities.

Borrowings - Principal payments

Payment due by period

June 30, 2023 $ 167,099

June 30, 2024 176,407

June 30, 2025 126,501

June 30, 2026 750,798

June 30, 2027 17,695

June 30, 2028 and thereafter 52,931

Total $ 1,291,431

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
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+ Details

Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2022

Fair Value Of Financial Instruments

Fair Value of Financial Instruments

NOTE 7: FAIR VALUE OF FINANCIAL 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 and money market funds approximate their fair value because of the short maturity of these investments.

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 investments.

Borrowings: The book value has been adjusted to reflect the net presentation of deferred financing costs. The outstanding balance of the floating rate loans continues to approximate its fair value, excluding the effect of any deferred financing costs. The 2025 Logistics Senior Notes, the 2022 Senior Secured Notes (which as of the date of this Report have been repaid in full), three sale and leaseback agreements (which as of the date of this Report have been assigned to Navios Partners pursuant to the Transaction) and four Navios Logistics’ loans are fixed rate borrowings and their fair value was determined based on quoted market prices.

Loans payable to affiliate companies, including Convertible Debenture: The carrying amounts of the fixed rate loan and the Convertible Debenture approximate their fair value.

Investments in available-for-sale securities: The carrying amount of the investments in available-for-sale securities reported in the consolidated balance sheets represents unrealized gains and losses on these securities, which are reflected in the interim condensed consolidated statements of comprehensive income.

The estimated fair values of the Company’s financial instruments are as follows:

	June 30, 2022				December 31, 2021
	Book Value		Fair Value		Book Value		Fair Value
Cash and cash equivalents	$	46,220	$	46,220	$	53,591	$	53,591
Restricted cash	$	8,726	$	8,726	$	84,260	$	84,260
Investments in available-for-sale-securities	$	220	$	220	$	219	$	219
Senior and ship mortgage notes, net	$	(584,450)	$	(572,943)	$	(1,101,931)	$	(1,142,545)
Long-term debt, including current portion	$	(379,374)	$	(382,536)	$	(171,919)	$	(173,213)
Loans payable to affiliate companies, including current portion and Convertible Debenture	$	(308,065)	$	(310,269)	$	(112,634)	$	(112,634)

The following table sets forth our assets that are measured at fair value on a recurring basis categorized by fair value hierarchy level. As required by the fair value guidance, assets are categorized in their entirety based on the lowest level of input that is significant to the fair value measurement.

	Fair Value Measurements as of June 30, 2022
	Total		Quoted Prices in Active Markets for Identical Assets (Level I)		Significant Other Observable Inputs (Level II)		Significant Unobservable Inputs (Level III)
Investments in available-for-sale-securities	$	220	$	220	$	—	$	—
Total	$	220	$	220	$	—	$	—

	Fair Value Measurements as of December 31, 2021
	Total		Quoted Prices in Active Markets for Identical Assets (Level I)		Significant Other Observable Inputs (Level II)		Significant Unobservable Inputs (Level III)
Investments in available-for-sale-securities	$	219	$	219	$	—	$	—
Total	$	219	$	219	$	—	$	—

As of June 30, 2022, there were no assets measured at fair value on a non-recurring basis.

As of December 31, 2021, the Company’s assets measured at fair value on a non-recurring basis were:

	Fair Value Measurements as of December 31, 2021
	Total		Quoted Prices in Active Markets for Identical Assets (Level I)		Significant Other Observable Inputs (Level II)		Significant Unobservable Inputs (Level III)
Vessels, port terminals and other fixed assets, net	$	7,500	$	—	$	7,500	$	—
Total	$	7,500	$	—	$	7,500	$	—

Navios Logistics recorded an impairment loss of $21,966 for two of its tanker vessels operating in the cabotage business during the year ended December 31, 2021, the fair value of which is measured at $7,500, as at December 31, 2021.

Fair Value Measurements

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

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

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

Level III: Inputs that are unobservable.

	Fair Value Measurements at June 30, 2022
	Total		(Level I)		(Level II)		(Level III)
Cash and cash equivalents	$	46,220	$	46,220	$	—	$	—
Restricted cash	$	8,726	$	8,726	$	—	$	—
Investments in available-for-sale-securities	$	220	$	220	$	—	$	—
Senior and ship mortgage notes	$	(572,943)	$	(564,317)	$	(8,626)	$	—
Long-term debt, including current portion⁽¹⁾	$	(382,536)	$	—	$	(382,536)	$	—
Loans payable to affiliate companies, including current portion⁽²⁾ and Convertible Debenture	$	(310,269)	$	—	$	(310,269)	$	—

	Fair Value Measurements at December 31, 2021
	Total		(Level I)		(Level II)		(Level III)
Cash and cash equivalents	$	53,591	$	53,591	$	—	$	—
Restricted cash	$	84,260	$	84,260	$	—	$	—
Investments in available-for-sale-securities	$	219	$	219	$	—	$	—
Senior and ship mortgage notes	$	(1,142,545)	$	(1,133,919)	$	(8,626)	$	—
Long-term debt, including current portion⁽¹⁾	$	(173,213)	$	—	$	(173,213)	$	—
Loans payable to affiliate companies, including current portion⁽²⁾	$	(112,634)	$	—	$	(112,634)	$	—

(1)	The fair value of the Company’s long-term debt is estimated based on currently available debt with similar contract terms, interest rates and remaining maturities, published quoted market prices as well as taking into account the Company’s creditworthiness.
(2)	The fair value of the Company’s loans payable to affiliate companies, including Convertible Debenture is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account the counterparty’s creditworthiness.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 8: COMMITMENTS AND CONTINGENCIES Commitments and Contingencies

As of June 30, 2022, the Company was contingently liable for letters of guarantee and letters of credit amounting to $10 (December 31, 2021: $10) issued by one bank in favor of various organizations and the total amount was collateralized by cash deposits, which were included as a component of restricted cash.

Navios Logistics has issued a guarantee and indemnity letter that guarantees the performance by Petrolera San Antonio S.A. (a consolidated subsidiary) of all its obligations to Vitol S.A. up to $12,000. This guarantee expires on March 1, 2023.

On July 22, 2016, Navios Logistics guaranteed the compliance of certain obligations related to Edolmix S.A. and Energías Renovables del Sur S.A. (entities wholly owned by Navios Logistics) under their respective direct user agreements with the Free Zone of Nueva Palmira, for the amounts of $847 and $519, respectively.

In September 2020, Navios Logistics agreed to a settlement regarding a storage and transshipment contract in the Grain Port Terminal for a total amount to be paid to Navios Logistics as a result of the settlement of $4,140, which is collected in three equal installments of $1,380 on June 1, 2021, 2022 and 2023. In June 2021 and 2022, Navios Logistics collected the first and second installment, respectively.

On April 28, 2022, Navios Logistics entered into a five year finance leasing contract for eight liquid barges to be delivered from the fourth quarter of 2022 through the second quarter of 2023. The finance lease contract is payable by 60 consecutive monthly payments of $26 each, commencing with the delivery date of the applicable barge. At expiration, the Navios Logistics will have the ability to exercise the purchase option of these barges or extend the term of the finance leasing contract.

In July 2022, Vale S.A. announced the closing of the sale of its iron ore, manganese ore and logistics assets in the Midwestern system to J&F Mineracao Ltda., an entity controlled by J&F Investimentos S.A. The Vale port contract entered into between Corporacion Navios S.A., a company controlled by Navios Logistics, and Vale International S.A. (“Vale”), dated September 27, 2013, remains in full force and effect. Any transfer, novation, or assignment of the Vale port contract or any obligations or rights arising thereunder by Vale is subject to the prior approval of the Navios counterparty.

The Company is involved in a number of legal proceedings and has various unresolved claims pending arising in the ordinary course of business. Based on currently available information and the opinion of legal counsel, management believes that the final outcome will not have a significant effect on the Company’s operating results or financial position and that no additional provisions over and above provisions already reflected in the interim condensed consolidated financial statements are required.

Transactions with Related Parties

6 Months Ended

Jun. 30, 2022

Transactions with Related Parties

NOTE 9: TRANSACTIONS WITH RELATED PARTIES Transactions with Related Parties

Vessel Operating Expenses (management fees): Pursuant to a management agreement dated August 29, 2019 (the “Management Agreement”), the Manager provides commercial and technical management services to Navios Holdings’ vessels. The term of this agreement is for an initial period of five years with an automatic extension period of five years thereafter unless a notice for termination is received by either party. The ship management services fees provided by the Manager was a fixed rate of $3.7 per day per owned/bareboat-in vessel until August 2021, $3.8 per day per owned/bareboat-in vessel until August 2022 and $3.9 per day until the closing of the Transaction on September 8, 2022. The fee for the ship management services provided by the Manager is a daily fee of $0.03 per day per charter-in vessel. Drydocking expenses under this agreement are reimbursed by Navios Holdings at cost. The agreement also provides for payment of a termination fee, equal to the fees charged for the full calendar year preceding the termination date, by Navios Holdings in the event the Management Agreement is terminated on or before August 29, 2024. Total management fees for vessel operating expenses for the three month periods ended June 30, 2022 and 2021 amounted to $8,697 and $9,794, respectively and are presented under the caption “Direct vessel expenses” in the interim condensed consolidated statements of comprehensive income. Total management fees for vessel operating expenses for the six month periods ended June 30, 2022 and 2021 amounted to $17,297 and $20,365, respectively and are presented under the caption “Direct vessel expenses” in the interim condensed consolidated statements of comprehensive income. During the three and six month periods ended June 30, 2022, certain extraordinary fees and costs related to COVID-19 measures, including crew related expenses, amounted to $550 and $1,656, respectively, and are presented under the caption “Direct vessel expenses” in the interim condensed consolidated statements of comprehensive income. During the three and six month periods ended June 30, 2021, certain extraordinary fees and costs related to COVID-19 measures, including crew related expenses, amounted to $169 and $171, respectively, and are presented under the caption “Direct vessel expenses” in the interim condensed consolidated statements of comprehensive income.

Navios Partners Guarantee: In November 2012 (as amended in March 2014), the Company entered into an agreement with Navios Partners (the “Navios Partners Guarantee”) to provide Navios Partners with guarantees against counterparty default on certain existing charters, which had previously been covered by the charter insurance for the same vessels, the same periods and the same amounts. In April 2021, the Company paid the amount of $5,000 to Navios Partners as the final settlement of the outstanding balance of the claim.

General and administrative expenses: Pursuant to an administrative services agreement with the Manager dated August 29, 2019 (the “Administrative Services Agreement”), the Manager provides administrative services to Navios Holdings. The Manager is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. The term of this agreement is for an initial period of five years with an automatic extension for a period of five years thereafter unless a notice of termination is received by either party. The agreement also provides for payment of a termination fee, equal to the fees charged for the full calendar year preceding the termination date, by Navios Holdings in the event the Administrative Services Agreement is terminated on or before August 29, 2024. Total general and administrative expenses attributable to this agreement for the three month periods ended June 30, 2022 and 2021 amounted to $1,932 and $2,168, respectively, and are presented under the caption “General and administrative expenses” in the interim condensed consolidated statements of comprehensive income. Total general and administrative expenses attributable to this agreement for the six month periods ended June 30, 2022 and 2021 amounted to $3,843 and $4,508, respectively, and are presented under the caption “General and administrative expenses” in the interim condensed consolidated statements of comprehensive income.

Pursuant to an administrative services agreement with the Manager dated August 29, 2019, NSM provides administrative services to Navios Logistics. Total general and administrative fees for each of the three month periods ended June 30, 2022 and 2021 amounted to $286 and are presented under the caption “General and administrative expenses” in the interim condensed consolidated statements of comprehensive income. Total general and administrative fees for each of the six month periods ended June 30, 2022 and 2021 amounted to $572 and are presented under the caption “General and administrative expenses” in the interim condensed consolidated statements of comprehensive income.

Balance due to affiliate companies: Balances due to NSM as of June 30, 2022 amounted to $45,095 and to $21,028 as of December 31, 2021.

As of June 30, 2022, the balance due to NSM consisted mainly of management fees for vessel operating expenses, payments to the Manager in accordance with the Management Agreement and other amounts in connection with dry-dock, ballast water treatment system and special survey of our vessels.

Midstream General Partner Option Agreement: Navios Holdings entered into an option agreement, with Navios Acquisition under which Navios Acquisition, which owns and controls Navios Maritime Midstream Partners GP LLC (“Midstream General Partner”), granted Navios Holdings the option to acquire a minimum of 25% of the outstanding membership interests in Midstream General Partner and the incentive distribution rights in Navios Midstream representing the right to receive an increasing percentage of the quarterly distributions when certain conditions are met. The option shall expire on November 18, 2024. The purchase price for the acquisition for all or part of the option interest shall be an amount equal to its fair market value. As of June 30, 2022, Navios Holdings had not exercised any part of that option.

Sale of Vessels and Sale of Rights to Navios Partners: In March 2021, Navios Holdings completed the sale to Navios Partners of the Navios Centaurus, a 2012-built Panamax vessel of 81,472 dwt, and the Navios Avior, a 2012-built Panamax vessel of 81,355 dwt, for a sale price of $39,250, including working capital adjustments. In June 2021, Navios Holdings completed the sale to Navios Partners of the Navios Ray, a 2012 built Capesize vessel of 179,515 dwt, and the Navios Bonavis, a 2009 built Capesize vessel of 180,022 dwt, for a sale price of $58,000 and the sale of the Navios Koyo, a 2011-built Capesize vessel, previously chartered-in by Navios Holdings, for a sale price of $28,500. In July 2021, Navios Holdings completed the sale to Navios Partners of the Navios Azimuth, a 2011 built Capesize vessel of 179,169 dwt, for a sale price of $30,000.

On July 26, 2022, Navios Holdings agreed to sell its 36-vessel dry bulk fleet for an aggregate consideration of $835,000 to Navios Partners. For further information see Note 16 “Subsequent Events” in the interim condensed consolidated financial statements.

Secured credit facility with Navios Logistics (Grimaud Loan): On April 25, 2019, Navios Holdings entered into a secured credit facility of up to $50,000 with Navios Logistics on a secured basis to be used for general corporate purposes, including the repurchase of 2022 Notes. This credit facility was secured by any 2022 Notes purchased by Navios Holdings with these funds. The secured credit facility included an arrangement fee of $500 and initially bore a fixed interest rate of 12.75% for the first year and 14.75% for the second year. On December 2, 2019, Navios Holdings and Navios Logistics agreed to increase the secured credit facility by $20,000. Following this amendment, as a result of the redemption of the 2022 Logistics Senior Notes, repayment of the Term Loan B Facility and the issuance of 2025 Logistics Senior Notes, (a) the interest rate on the secured credit facility decreased to 10.0%, and (b) the maturity of the secured credit facility was extended to December 2024. As of December 31, 2021, the total amount of this facility was repaid in full, as described below.

Effective as of May 2021, and upon the release of certain collateral, the facility bore interest of 13.0% per annum.

On June 30, 2021, the Company entered into a supplemental agreement to the Grimaud Loan (the “Supplemental Grimaud Loan Agreement”) with Grimaud, whereby the Company and Grimaud agreed to amend the Grimaud Loan. Pursuant to the amendment, the Grimaud Loan could be repaid or prepaid in full by the issuance of shares of common stock of Navios Holdings. The effectiveness of the Supplemental Grimaud Loan Agreement was subject to, and contingent upon, prepayment of the Grimaud Loan in the amount of $7,500 in cash and the effectiveness of a registration statement registering the resale of Navios Holdings shares, among other conditions.

On July 13, 2021, the Grimaud Loan plus accrued interest was repaid in full by the Company through the issuance of 9,301,542 shares (the “Shares”) of the Company’s common stock and $7,500 in cash plus accrued and unpaid interest. Please see also Note 10 “Preferred and Common Stock” to the interim condensed consolidated financial statements.

NSM Loan: On August 29, 2019, Navios Holdings entered into a secured credit facility of $141,795 (including post-closing adjustments) with a wholly owned subsidiary of NSM (the “NSM Loan”). In general, the amount owed reflects the excess of: (i) the liabilities of the ship management business (including liabilities for advances previously made by affiliate companies to the Company for ongoing operating costs, including technical management services, supplies, dry-docking and related expenses) other than liabilities the assumption of which forms part of the consideration for the sale of the management division over; (ii) the short term assets of the ship management business. The Company’s obligations under the NSM Loan were guaranteed by substantially the same subsidiaries that guaranteed the 2022 Notes and secured by assets of the Company that did not secure the 2022 Notes or the 2022 Senior Secured Notes. The credit facility was repayable over a five-year period; of the initial amount, $47,000 was repayable in 2020 in equal quarterly installments, with the remaining principal repayment in equal quarterly installments over the following 48 months. In certain cases, principal payments could be deferred provided that no more than $20,000 of deferral may be outstanding during the first or second year and $10,000 outstanding in the third year. The loan agreement provided for interest at 5.0% annually, and 7.0% annually for deferred principal amounts. five years

In December 2021, the Company entered into an amended and restated secured loan agreement with NSM in order to refinance the outstanding balance of this facility through the NSM Loan I (as defined herein). As of June 30, 2022, and following the refinancing, the NSM Loan was fully repaid.

The Company’s obligations under the NSM Loan were guaranteed by 2,072,121 common units in Navios Partners, first priority share pledges on two companies that have entered into sale and leaseback agreements and five companies that hold the rights to certain bareboat contracts.

$50.0 million NSM Loan: In June 2020, the Company entered into a secured loan agreement with a wholly owned subsidiary of NSM, for a loan of up to $50,000 to be used for general corporate purposes (the “$50.0 million NSM Loan”). The terms and conditions of the secured loan agreement were approved by a Special Committee of the Board of Directors comprised of independent directors. The loan agreement was repayable in up to 18 equal consecutive quarterly installments. The loan agreement provided for interest at a rate of 5.0% annually (and 7.0% annually for deferred principal amounts).

The Company’s obligations under the $50.0 million NSM Loan were guaranteed by first priority security interests in a vessel, as well as pledge of certain 2022 Notes due 2022 owned by Navios Holdings and 40,587 common units in Navios Partners.

On July 12, 2021, the Company refinanced the total outstanding balance of $39,735 under this facility through the $115.0 million NSM Loan described below.

$115.0 million NSM Loan: In June 2021, the Company entered into a senior secured term loan facility with a wholly owned subsidiary of NSM for a loan up to $115,000 (i) to refinance $39,736 being the outstanding balance under the $50.0 million NSM Loan described above (“Tranche A”), (ii) to redeem amount of $70,000 of 2022 Senior Secured Notes and (iii) to be used for general corporate purposes (“Tranche B”) (the “$115.0 million NSM Loan”). The terms and conditions of the secured loan agreement were approved by a Special Committee of the Board of Directors comprised of independent directors. Tranche A was repayable in 14 quarterly installments of $2,838 and matured on November 30, 2024. Tranche B was repayable in seven quarterly installments with the first two being of an amount of $22,632 each and the remaining of an amount of $6,000 each and matured on February 28, 2023.

Both tranches bore interest at a rate of 10.5% per annum, payable quarterly. The Company could have elected to defer one scheduled amortization payment by 90 days and interest payments, in which case the applicable interest rate would be 12.0% per annum, compounded quarterly.

On July 12, 2021, the amount under this facility was fully drawn.

In December 2021, the Company entered into an amended and restated secured loan agreement with NSM in order to refinance the outstanding balance of that facility through the NSM Loan I (as defined herein). As of June 30, 2022, and following the refinancing, the $115.0 million NSM Loan was fully repaid. As of June 30, 2022, the Company wrote off $875 of deferred financing costs and was included in the interim condensed consolidated statement of comprehensive income under the caption “Interest expense and finance cost, net”.

The Company’s obligations under the $115.0 million NSM Loan were guaranteed by first priority security interests in a vessel, as well as pledge of certain 2022 Notes owned by Navios Holdings and 40,587 common units in Navios Partners and a second priority pledge in the Navios Logistics’ shares, 1,070,491 common units in Navios Partners and second priority pledge over the collateral securing the NSM Loan.

NSM Loan I: In December 2021, Navios Holdings entered into an amended and restated loan agreement to the existing NSM Loan dated August 29, 2019, whereby a wholly-owned subsidiary of NSM made available to the Company a secured term loan of up to $127,632 (the “NSM Loan I”), in two tranches: (i) the first tranche of $48,573 represented borrowings already made available and (ii) the second tranche of $79,059 represented new borrowings made available in exchange of the release by NSM of certain existing collateral. The NSM Loan I was repayable in quarterly installments of $5,000 with the first installment falling due in the third quarter of 2023. The NSM Loan I had a four-year term and bore interest at a rate of (i) 18% per annum until the 2022 Senior Secured Notes were repaid and 16.5% per annum thereafter when paid in the form of Convertible Debenture for the first 18 months (“PIK Interest”) and (ii) 13.5% per annum when paid in the form of cash. The NSM Loan I would be paid in PIK Interest for the first 18 months, due also in optional prepayment during that period and thereafter in either cash or PIK Interest at the election of the Borrower. As of June 30, 2022, the outstanding balance was $127,632, and an amount of $11,204 accrued PIK interest at 18% is included under the caption “Convertible debenture payable to affiliate companies”.four years

The Company’s obligations under the NSM Loan I were guaranteed by 2,072,121 common units in Navios Partners.

In the third quarter of 2022, the outstanding balance under NSM Loan I was fully repaid using cash received from the Transaction. For further information see Note 16 “Subsequent Events” in the interim condensed consolidated financial statements.

NSM Loan II: In December 2021, Navios Holdings entered into an amended and restated loan agreement to the existing $115.0 million NSM Loan dated June 29, 2021 whereby a wholly-owned subsidiary of NSM made available to the Company a secured term loan of up to $135,000 (the “NSM Loan II”) in two tranches (i) the first tranche of $64,059 represented outstanding borrowings already made available and (ii) the second tranche of $70,941 represented new borrowings to be made available, in exchange of the release by NSM of certain existing collateral. The NSM Loan II was repayable in quarterly installments of $5,000 with the first installment falling due in the third quarter of 2023. The NSM Loan II had a four year term and bore interest at a rate of (i) 18% per annum until the 2022 Senior Secured Notes were repaid and 16.5% per annum thereafter, when paid in PIK Interest and (ii) 13.5% per annum when paid in the form of cash. The NSM Loan II would be paid in PIK Interest for the first 18 months, due also in optional prepayment during that period and thereafter in either cash or PIK Interest at the election of the Borrower. As of June 30, 2022, the outstanding balance was $135,000 and an amount of $11,850 accrued PIK interest at 18% is included under the caption “Convertible debenture payable to affiliate companies”. four years

The Company’s obligations under the NSM Loan II were guaranteed by 40,587 common units in Navios Partners, a second priority pledge in the Navios Logistics’ shares, 1,070,491 common units in Navios Partners, and a second priority pledge over the collateral securing the NSM Loan I.

In the third quarter of 2022, the outstanding balance under NSM Loan II was fully repaid using cash received from the Transaction. For further information see Note 16 “Subsequent Events” in the interim condensed consolidated financial statements.

Upon completion of the refinancing in January 2022, NSM received an upfront fee in respect of the NSM Loan I and the NSM Loan II of $24,000 in the form of a Convertible Debenture and is included in the interim condensed consolidated statement of comprehensive income under the caption “Non-operating other finance cost”. The agreements also provide for prepayment premiums ranging from 5%-10% during the first 36 months of the term which is payable in the form of Convertible Debenture, described below.

Convertible Debenture: In December 2021, Navios Holdings entered into the Convertible Debenture with NSM, covering an upfront fee of $24.0 million, accrued interest on the NSM Loans, and prepayment fees. The lender has the option to convert any portion of the outstanding balance under the Convertible Debenture into shares of common stock of Navios Holdings pursuant to an agreed-upon mechanism. The Convertible Debenture has a term of five years and bears interest at the rate of 4% PIK, payable at maturity, if not earlier converted into shares of our common stock. As of June 30, 2022, the total outstanding balance of the Convertible Debenture amounted to $47,637, including $23,637, which consists of the accrued PIK interest at 18% on the NSM Loan I and II and the 4% PIK interest, amounting to $11,204, $11,850 and $583, respectively, and is presented under the caption “Convertible debenture payable to affiliate companies”.

Following the repayments of the NSM Loan I and NSM Loan II described above, the applicable prepayment fee paid via increase of the Convertible Debenture is $61,730.

In accordance with the terms of the Convertible Debenture, Navios Holdings issued 1,000 shares of preferred stock (the “Series I Preferred Stock”) on January 3, 2022, which have no voting and no economic rights. The Series I Preferred Stock represent 9,133,147 and 29,754,721 shares of common stock issuable as of June 30, 2022 and September 13, 2022, respectively, upon conversion of a Convertible Debenture and are deemed outstanding for voting purposes. Under the terms of the Convertible Debenture, the number of shares of Common Stock issuable upon conversion thereof will increase to the extent that amounts outstanding under the Convertible Debenture increase. NSM, the holder of the Series I Preferred Stock, may convert any or all of the outstanding preferred stock into common stock at its option at any time until the maturity of the Convertible Debenture at the conversion rate of $3.93 per common stock. In addition, there are also provisions for mandatory conversion upon the occurrence of certain events. NSM is an affiliate of our Chairwoman and Chief Executive Officer, Angeliki Frangou.

Navios Logistics’ Shareholders Agreement: On November 19, 2019, Navios Holdings entered into a shareholder agreement with Peers Business Inc. granting certain protections to minority shareholders in certain events.

Promissory note: On July 30, 2021, Navios Logistics issued a $20,000 promissory note to Grimaud. The promissory note is payable in four semi-annual equal installments commencing on August 15, 2021. The Company has the ability to defer payment of one of the first three installments subject to certain conditions. On July 30, 2021, Grimaud entered into an assignment agreement with Peers Business Inc., whereby the promissory note was assigned to Peers Business Inc. Please refer to Note 10 “Preferred and Common Stock” to the interim condensed consolidated financial statements. As of August 15, 2022, the Company paid an amount of $10,000 relating to the promissory note.

Preferred and Common Stock

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Preferred and Common Stock

NOTE 10: PREFERRED AND COMMON STOCK Preferred and Common Stock

Vested, Surrendered and Forfeited

During the three and six month periods ended June 30, 2022, 0 and 29 restricted shares of common stock were forfeited, and 0 and 37,879 restricted stock units issued to the Company’s officers and directors vested, respectively.

During the three and six month periods ended June 30, 2021, 56 and 83 restricted shares of common stock were forfeited, and 0 and 37,879 restricted stock units issued to the Company’s officers and directors vested, respectively.

Issuance of Cumulative Perpetual Preferred Stock

The Company’s 2,000,000 American Depositary Shares, Series G and the 4,800,000 American Depositary Shares, Series H are recorded at fair market value on issuance. Each of the shares represents 1/100th of a share of the Series G and Series H, with a liquidation preference of $2,500 per share ($25.00 per American Depositary Share). Dividends are payable quarterly in arrears on the Series G at a rate of 8.75% per annum and on the Series H at a rate of 8.625% per annum of the stated liquidation preference, which increased by 0.25% as of July 15, 2017 for each of Series G and Series H. The Company has accounted for these shares as equity.

Series G and Series H American Depositary Shares Exchange Offer

On December 21, 2018, Navios Holdings announced that it commenced an offer to exchange cash and/or newly issued 2024 Notes for approximately 66 2/3% of each of the outstanding Series G American Depositary Shares and Series H American Depositary Shares.

As of March 21, 2019, a total of 10,930 Series H were validly tendered representing a net aggregate nominal value of approximately $26,297. Navios Holdings paid $997 for tender offer expenses, approximately $4,188 as cash consideration and a total of approximately $4,747 in aggregate principal amount of 2024 Notes. The difference between the carrying amount of the preferred shares redeemed and the fair value of the consideration transferred amounting to $16,365 was recorded in accumulated deficit. Following the completion of the offer, the Company cancelled the undeclared preferred dividend of Series H of $7,678.

As of April 18, 2019, a total of 8,841 Series G were validly tendered representing a net aggregate nominal value of approximately $21,271. Navios Holdings paid $620 for tender offer expenses, approximately $4,423 cash consideration and issued a total of approximately $3,879 principal amount of 2024 Notes. The difference between the carrying amount of the preferred shares redeemed and the fair value of the consideration transferred amounting to $12,568 was recorded in accumulated deficit. Following the completion of the offer, the company cancelled the undeclared preferred dividend of series G of $6,798.

In February 2016, Navios Holdings announced the suspension of payment of quarterly dividends on its preferred stock, including the Series G and Series H. On July 15, 2017, the Company reached six quarterly dividend payments in arrears relating to its Series G and Series H and as a result the respective dividend rate increased by 0.25%. Total undeclared preferred dividends as of June 30, 2022 were $32,909 (net of cancelled dividends).

Series I Preferred Stock

In accordance with the terms of the Convertible Debenture, Navios Holdings issued 1,000 shares of Series I Preferred Stock on January 3, 2022, which have no voting and no economic rights. The Series I Preferred Stock represent 9,133,147 and 29,754,721 shares of common stock issuable as of June 30, 2022 and September 13, 2022, respectively, upon conversion of a Convertible Debenture and are deemed outstanding for voting purposes. Under the terms of the Convertible Debenture, the number of shares of Common Stock issuable upon conversion thereof will increase to the extent that amounts outstanding under the Convertible Debenture increase. NSM, the holder of the Series I Preferred Stock, may convert any or all of the outstanding preferred stock into common stock at its option at any time until the maturity of the Convertible Debenture at the conversion rate of $3.93 per common stock. In addition, there are also provisions for mandatory conversion upon the occurrence of certain events.

Issuances to Officers and Directors

On December 15, 2021, pursuant to the stock plan approved by the Board of the Directors, 40,000 restricted shares of common stock were granted to Navios Holdings officers and directors and issued on January 15, 2022.

Navios Holdings had outstanding as of June 30, 2022 and December 31, 2021, 25,238,591 shares and 25,198,620 shares, respectively, from which 2,414,263 shares are held by Navios Corporation and are considered as treasury shares. Preferred stock was 24,032 (5,350 Series G, 17,682 Series H and 1,000 Series I) and 23,032 (5,350 Series G and 17,682 Series H) as of June 30, 2022 and December 31, 2021 respectively.

Sale of Navios Holdings shares of common stock

On July 13, 2021, the Company issued 9,301,542 shares of common stock in order to repay in full the Grimaud Loan. Please refer also to Note 9 “Transactions with Related Parties”. As of December 2021, the Grimaud sold all 9,301,542 shares of common stock of Navios Holdings and generated net proceeds of $44,437, including costs of $176, part of which was used to fund the Second, Third and Fourth Redemptions.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

Other Income/(Expense), Net

6 Months Ended

Jun. 30, 2022

Other Income and Expenses [Abstract]

Other Income/(Expense), Net

NOTE 11: OTHER INCOME/(EXPENSE), NET Other Income/(Expense), Net

During the three month periods ended June 30, 2022 and 2021, taxes other-than income taxes of Navios Logistics amounted to $1,418 and $1,218, respectively, and were included in the interim condensed consolidated statement of comprehensive income under the caption “Other income/(expense), net”.

During the six month periods ended June 30, 2022 and 2021, taxes other-than income taxes of Navios Logistics amounted to $3,002 and $2,222, respectively, and were included in the interim condensed consolidated statement of comprehensive income under the caption “Other income/(expense), net”.

Segment Information

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Information

NOTE 12: SEGMENT INFORMATION Segment Information

The Company currently has two reportable segments from which it derives its revenues: Dry Bulk Vessel Operations and Logistics Business. The reportable segments reflect the internal organization of the Company and are strategic businesses that offer different products and services. The Dry Bulk Vessel Operations consists of the transportation and handling of bulk cargoes through the ownership, operation, and trading of vessels. The Logistics Business consists of port terminal business, barge business and cabotage business.

The Company measures segment performance based on net income attributable to Navios Holdings common stockholders. Inter-segment sales and transfers are not significant and have been eliminated and are not included in the following tables. Summarized financial information concerning each of the Company’s reportable segments is as follows:

	Dry Bulk Vessel Operations for the Three Month Period Ended June 30, 2022		Logistics Business for the Three Month Period Ended June 30, 2022		Total for the Three Month Period Ended June 30, 2022
Revenue	$	90,036	$	69,185	$	159,221
Interest expense and finance cost, net		(19,893)		(15,450)		(35,343)
Depreciation and amortization		(6,640)		(8,126)		(14,766)
Equity in net earnings of affiliate companies		13,160		—		13,160
Net income attributable to Navios Holdings common stockholders		40,870		4,090		44,960
Total assets		1,115,201		613,131		1,728,332
Goodwill		56,240		104,096		160,336
Capital expenditures		(2,000)		(988)		(2,988)
Investment in affiliate companies		148,384		—		148,384
Cash and cash equivalents		8,578		37,642		46,220
Restricted cash		8,726		—		8,726
Long-term debt, net (including current and noncurrent portion)	$	679,569	$	544,683	$	1,224,252

	Dry Bulk Vessel Operations for the Three Month Period Ended June 30, 2021		Logistics Business for the Three Month Period Ended June 30, 2021		Total for the Three Month Period Ended June 30, 2021
Revenue	$	86,053	$	57,571	$	143,624
Interest expense and finance cost, net		(21,011)		(15,159)		(36,170)
Depreciation and amortization		(7,917)		(8,071)		(15,988)
Equity in net earnings of affiliate companies		12,854		—		12,854
Net income /(loss) attributable to Navios Holdings common stockholders		27,795		(2,859)		24,936
Total assets		1,156,441		672,652		1,829,093
Goodwill		56,240		104,096		160,336
Capital expenditures		(22,758)		(3,646)		(26,404)
Investment in affiliate companies		97,351		—		97,351
Cash and cash equivalents		25,689		47,470		73,159
Restricted cash		10		—		10
Long-term debt, net (including current and noncurrent portion)	$	927,399	$	549,054	$	1,476,453

	Dry Bulk Vessel Operations for the Six Month Period Ended June 30, 2022		Logistics Business for the Six Month Period Ended June 30, 2022		Total for the Six Month Period Ended June 30, 2022
Revenue	$	158,672	$	128,339	$	287,011
Interest expense and finance cost, net		(42,114)		(30,794)		(72,908)
Depreciation and amortization		(13,072)		(16,072)		(29,144)
Equity in net earnings of affiliate companies		22,958		—		22,958
Net income attributable to Navios Holdings common stockholders		36,099		3,861		39,960
Total assets		1,115,201		613,131		1,728,332
Goodwill		56,240		104,096		160,336
Capital expenditures		(3,578)		(2,709)		(6,287)
Investment in affiliate companies		148,384		—		148,384
Cash and cash equivalents		8,578		37,642		46,220
Restricted cash		8,726		—		8,726
Long-term debt, net (including current and noncurrent portion)	$	679,569	$	544,683	$	1,224,252

	Dry Bulk Vessel Operations for the Six Month Period Ended June 30, 2021		Logistics Business for the Six Month Period Ended June 30, 2021		Total for the Six Month Period Ended June 30, 2021
Revenue	$	149,781	$	110,794	$	260,575
Interest expense and finance cost, net		(42,855)		(29,515)		(72,370)
Depreciation and amortization		(16,714)		(15,540)		(32,254)
Equity in net earnings of affiliate companies		40,594		—		40,594
Net income/ (loss) attributable to Navios Holdings common stockholders		27,694		(2,595)		25,099
Total assets		1,156,441		672,652		1,829,093
Goodwill		56,240		104,096		160,336
Capital expenditures		(24,152)		(22,033)		(46,185)
Investment in affiliate companies		97,351		—		97,351
Cash and cash equivalents		25,689		47,470		73,159
Restricted cash		10		—		10
Long-term debt, net (including current and noncurrent portion)	$	927,399	$	549,054	$	1,476,453

- Definition

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

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+ Details

Earnings Per Common Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Common Share

NOTE 13: EARNINGS PER COMMON SHARE Earnings Per Common Share

Earnings per share is calculated by dividing net income attributable to Navios Holdings common stockholders by the weighted average number of shares of Navios Holdings outstanding during the periods presented. Net income attributable to Navios Holdings common stockholders is calculated by adding to (if a discount) or deducting from (if a premium) net income attributable to Navios Holdings common stockholders the difference between the fair value of the consideration paid upon redemption and the carrying value of the preferred stock, including the unamortized issuance costs of the preferred stock, and the amount of any undeclared dividend cancelled.

For the three month periods ended June 30, 2022 and 2021, 193,503 and 384,419, respectively, are included in the calculation of diluted earnings per share. The Series I Preferred Stock are considered participating shares in earnings and are included in the calculation of basic and diluted earnings per common share.

For the six month periods ended June 30, 2022 and 2021, 201,799 and 388,027, respectively, are included in the calculation of diluted earnings per share. The Series I Preferred Stock are considered participating shares in earnings and are included in the calculation of basic and diluted earnings per common share.

	Three Month Period Ended June 30, 2022		Three Month Period Ended June 30, 2021		Six Month Period Ended June 30, 2022		Six Month Period Ended June 30, 2021
Numerator:
Net income attributable to Navios Holdings common stockholders	$	44,960	$	24,936	$	39,960	$	25,099
Less:
Declared and undeclared dividend on preferred stock and on unvested restricted shares		(1,284)		(1,284)		(2,561)		(2,561)
Undistributed income attributable to Series I participating preferred shares		(12,451)		—		(9,284)		—
Plus:
Income available to Navios Holdings common stockholders, basic and diluted	$	31,225	$	23,652	$	28,115	$	22,538
Denominator:
Denominator for basic earnings per share attributable to Navios Holdings common stockholders — weighted average shares		22,654,825		13,127,208		22,643,215		13,120,335
Basic earnings per share attributable to Navios Holdings common stockholders	$	1.38	$	1.80	$	1.24	$	1.72
Denominator for diluted earnings per share attributable to Navios Holdings common stockholders — weighted average shares		22,848,328		13,511,627		22,845,014		13,508,382
Diluted earnings per share attributable to Navios Holdings common stockholders	$	1.37	$	1.75	$	1.23		1.67

Investments in Affiliate Companies and Available-for-Sale Securities

6 Months Ended

Jun. 30, 2022

Investments in and Advances to Affiliates [Abstract]

Investments in Affiliate Companies and Available-for-Sale Securities

NOTE 14: INVESTMENTS IN AFFILIATE COMPANIES AND AVAILABLE-FOR-SALE SECURITIES

Navios Partners

On August 7, 2007, Navios Holdings formed Navios Partners under the laws of Marshall Islands. Navios GP L.L.C., a wholly owned subsidiary of Navios Holdings, was also formed on that date to act as the general partner of Navios Partners and received a 2.0% general partner interest. In August 2019, Navios Holdings sold the general partnership interests in Navios Partners (except for the incentive distribution rights) to NSM.

As of June 30, 2022 and December 31, 2021 Navios Partners has issued 7,687,730 units, for both periods through its Continuous Offering Programs entered into from time to time. Pursuant to the issuance of common units, Navios Partners issued 156,895 general partnership units to its general partner both as of June 30, 2022 and December 31, 2021, in order to maintain its 2.0% general partnership interest.

As of June 30, 2022 and following the NMCI Merger and NNA Merger, Navios Holdings holds a total of 3,183,199 common units representing a 10.3% interest in Navios Partners, and the investment in Navios Partners is accounted for under the equity method. Incentive distribution rights are held by Navios GP L.L.C.

As of June 30, 2022 and December 31, 2021, the unamortized difference between the carrying amount of the investment in Navios Partners and the amount of the Company’s underlying equity in net assets of Navios Partners was $54,479 and $56,351, respectively.

As of June 30, 2022 and December 31, 2021, the carrying amount of the investment in Navios Partners was $148,384 and $125,744, respectively.

Total equity method income of $13,160 and $9,125 were recognized under the caption “Equity in net earnings of affiliate companies” for the three month periods ended June 30, 2022 and 2021, respectively, and total equity method income of $22,958 and $38,322 were recognized under the caption “Equity in net earnings of affiliate companies” for the six month periods ended June 30, 2022 and 2021, respectively.

Dividends received during each of the three month periods ended June 30, 2022 and 2021 were $159 and $128, respectively, and for each of the six month periods ended June 30, 2022 and 2021, were $318 and $232, respectively.

As of June 30, 2022, the market value of the investment in Navios Partners was $73,214. Based on the Company’s evaluation of the duration and magnitude of the fair value decline, Navios Partners’ financial condition and near-term prospects, and the Company’s intent and ability to hold its investment in Navios Partners until recovery, the Company concluded that the decline in fair value of its investment in Navios Partners below its carrying value is temporary and, therefore, no impairment was recorded.

Navios Acquisition

On August 25, 2021, Navios Partners and its direct wholly-owned subsidiary Navios Acquisition Merger Sub. Inc. (“Merger Sub”) entered into an Agreement and Plan of Merger with Navios Acquisition (the “NNA Merger”).

On August 25, 2021, Navios Partners purchased 44,117,647 shares of Navios Acquisition, thereby acquiring a controlling interest in Navios Acquisition, and the results of operations of Navios Acquisition are included in Navios Partners’ consolidated statements of operations commencing on August 26, 2021. Pursuant to the NNA Merger, on August 26, 2021, Navios Acquisition called for redemption of all of its outstanding 8.125% first Priority Ship Mortgage Notes due November 15, 2021 (the “Navios Acquisition’s Ship Mortgage Notes”) and remitted to the indenture trustee the aggregate redemption price payable to the holders of the Navios Acquisition’s Ship Mortgage Notes to satisfy and discharge Navios Acquisition’s obligations under the indenture relating to the Navios Acquisition’s Ship Mortgage Notes. The redemption date for the Navios Acquisition’s Ship Mortgage Notes was September 25, 2021.

On October 15, 2021, Navios Partners completed the NNA Merger. As a result thereof, Navios Acquisition became a wholly-owned subsidiary of Navios Partners. Each outstanding common unit of Navios Acquisition that was held by a unitholder, other than Navios Partners, Navios Acquisition and their respective subsidiaries was converted into the right to receive 0.1275 of a common unit of Navios Partners. As a result of the NNA Merger, 3,388,226 common units of Navios Partners were issued to former public unitholders of Navios Acquisition. As of the close market on October 15, 2021, Navios Acquisitions’ common shares were no longer listed for trading on NYSE.

Upon completion of the NNA Merger, as of October 15, 2021, Navios Holdings derecognized its investment in Navios Acquisition.

Total equity method income of nil and $3,739, were recognized under the caption “Equity in net earnings of affiliate companies” for the three month periods ended June 30, 2022 and 2021, respectively. 0

Total equity method income of nil and $1,686, were recognized under the caption “Equity in net earnings of affiliate companies” for the six month periods ended June 30, 2022 and 2021, respectively. 0

Dividends received for each of the three month periods ended June 30, 2022 and 2021 were nil and for each of the six month periods ended June 30, 2022 and 2021 were nil and $243, respectively. 0

Navios Containers

Following the sale of Navios Containers general partnership interest effected on August 30, 2019, Navios Holdings evaluated its investment in the common stock of Navios Containers under ASC 323 and concluded that it had the ability to exercise significant influence over the operating and financial policies of Navios Containers and, therefore, its investment in Navios Containers was accounted for under the equity method, through the NMCI Merger (as defined herein) on March 31, 2021.

On January 4, 2021, Navios Containers and Navios Partners announced that they entered into a definitive merger agreement (the “NMCI Merger”). Under the terms of the NMCI Merger, Navios Partners acquired all of the publicly held common units of Navios Containers through the issuance of 8,133,452 newly issued common units of Navios Partners in exchange for the publicly held common units of Navios Containers at an exchange ratio of 0.39 units of Navios Partners for each Navios Containers common unit. The NMCI Merger was completed on March 31, 2021. As of the close of the market on March 31, 2021, Navios Containers’ common units were no longer listed for trading on NASDAQ.

Upon completion of the NMCI Merger, as of March 31, 2021, Navios Holdings derecognized its investment in Navios Containers.

Total equity method income was nil for both the three month periods ended June 30, 2022 and 2021. Total equity method income of nil and $596, were recognized under the caption “Equity in net earnings of affiliate companies” for the six month periods ended June 30, 2022 and 2021, respectively. 0

Following the results of the significance tests performed by the Company, it was concluded that two affiliate companies met the significance threshold requiring summarized financial information of all affiliate companies being presented.

Summarized financial information of the affiliate companies is presented below:

Income Statement
Navios

Partners

Three Month June 30, 2022 Three Month June 30, 2021

Revenue $ 280,661 $ 152,009

Time charter and voyage expenses $ (21,718) $ (5,869)

Direct vessel expenses $ (12,920) $ (3,989)

Vessel operating expenses $ (73,989) $ (41,771)

Net income $ 118,160 $ 99,913

Income Statement
Navios

Partners

Six Month June 30,

2022
Six Month June 30, 2021

Revenue $ 517,278 $ 217,072

Time charter and voyage expenses $ (38,861) $ (8,364)

Direct vessel expenses $ (24,113) $ (7,143)

Vessel operating expenses $ (147,161) $ (64,733)

Net income $ 203,825 $ 236,592

Available-for-sale securities (“AFS Securities”)

During the year ended December 31, 2017, the Company received shares of Pan Ocean Co. Ltd (“STX”) as partial compensation for the claims filed under the Korean court for all unpaid amounts in respect of the employment of the Company’s vessels. The shares were recorded at fair value upon their issuance and subsequent changes in market value are recognized within the interim condensed consolidated statement of comprehensive (loss)/income.

The shares received from STX were accounted for under the guidance for AFS Securities. The Company has no other types of AFS Securities.

As of June 30, 2022 and December 31, 2021, the carrying amount of AFS Securities related to STX was $220 and $219, respectively and was recorded under the caption “Other long-term assets” in the interim condensed consolidated balance sheet.

For the three month periods ended June 30, 2022 and 2021, the unrealized holding earnings related to these AFS Securities included under the caption “Other income/(expense), net” were $57 and $101, respectively. For the six month periods ended June 30, 2022 and 2021, the unrealized holding earnings related to these AFS Securities included under the caption “Other income/(expense), net” were $2 and $142, respectively.

Leases

6 Months Ended

Jun. 30, 2022

Leases

Leases

NOTE 15: LEASES Leases

Operating Leases

Time charter out contracts

The Company’s contract revenues from time chartering are governed by ASC 842. Upon adoption of ASC 842, the timing and recognition of earnings from the time charter contracts to which the Company is party did not change from previous practice.

Time charter-in and bareboat-in contracts

As of June 30, 2022, Navios Holdings had time charter-in and bareboat-in contracts whose remaining lease terms ranged from less than 0.1 years to 8.0 years. Certain operating leases have optional periods. Based on management estimates and market conditions, the lease term of these leases is being assessed at each balance sheet date. The Company will continue to recognize the lease payments for all operating leases as charter hire expense on the interim condensed consolidated statements of comprehensive income on a straight-line basis over the lease term.

Land lease agreements

As of June 30, 2022, Navios Logistics had land lease agreements whose remaining lease terms range from 43.7 years to 44.1 years.

Office lease agreements

As of June 30, 2022, Navios Logistics had office lease agreements whose remaining lease terms ranged from less than 1.3 years to 4.4 years.

The tables below present the components of the Company’s lease expense for the three and six month periods ended June 30, 2022 and 2021:

Leases - Lease Expense

	Dry Bulk Vessel Operations Three Month Period Ended June 30, 2022		Logistics Business Three Month Period Ended June 30, 2022		Total
Lease expense for charter-in contracts	$	15,514	$	1,013	$	16,527
Lease expense for land lease agreements		—		165		165
Lease expense for office lease agreements		—		120		120
Total	$	15,514	$	1,298	$	16,812

	Dry Bulk Vessel Operations Three Month Period Ended June 30, 2021		Logistics Business Three Month Period Ended June 30, 2021		Total
Lease expense for charter-in contracts	$	19,252	$	1,630	$	20,882
Lease expense for land lease agreements		—		142		142
Lease expense for office lease agreements		—		91		91
Total	$	19,252	$	1,863	$	21,115

	Dry Bulk Vessel Operations Six Month Period Ended June 30, 2022		Logistics Business Six Month Period Ended June 30, 2022		Total
Lease expense for charter-in contracts	$	30,522	$	2,021	$	32,543
Lease expense for land lease agreements		—		309		309
Lease expense for office lease agreements		—		191		191
Total	$	30,522	$	2,521	$	33,043

	Dry Bulk Vessel Operations Six Month Period Ended June 30, 2021		Logistics Business Six Month Period Ended June 30, 2021		Total
Lease expense for charter-in contracts	$	39,850	$	3,168	$	43,018
Lease expense for land lease agreements		—		282		282
Lease expense for office lease agreements		—		157		157
Total	$	39,850	$	3,607	$	43,457

Lease expenses for charter-in contracts are included in the interim condensed consolidated statement of comprehensive income under the caption “Time charter, voyage and logistics business expenses”. Lease expenses for land lease agreements and office lease agreements are included in the interim condensed consolidated statement of comprehensive income under the captions “Time charter, voyage and logistics business expenses” and “General and administrative expenses”, respectively.

In June 2021, the Company acquired a previously charter-in vessel Navios Koyo, for which the Company wrote-off an amount of $3,952 being the net operating lease liability as of that date. The amount was taken into consideration as part of the $12,541 gain on sale recorded under the caption “Impairment loss/ loss on sale of vessels, net” in the accompanying unaudited condensed consolidated statement of comprehensive income.

The table below provides the total amount of lease payments on an undiscounted basis on our charter-in contracts and office lease agreements as of June 30, 2022:

	Charter-in vessels in operation			Land leases	Office space
June 30, 2023	$	80,620	$	556	$	432
June 30, 2024		46,554		556		348
June 30, 2025		28,277		556		62
June 30, 2026		18,960		556		60
June 30, 2027		10,680		556		23
June 30, 2028 and thereafter		25,888		21,611		—
Total	$	210,979	$	24,391	$	925
Operating lease liabilities, including current portion	$	162,567	$	8,167	$	826
Discount based on incremental borrowing rate	$	48,412	$	16,224	$	99

As of June 30, 2022, the weighted average remaining lease terms on our charter-in contracts, office lease agreements and land leases are 4.5 years, 2.5 years and 43.8 years, respectively.

Finance Leases

In the second quarter of 2022, the Company exercised the option to purchase the charter-in vessel Navios Sky. In accordance with ASC 842, the Company re-assessed the respective lease agreement and concluded the option would be accounted for as a lease modification. As of June 30, 2022, the Company recognized a finance lease asset amounting to $19,417, which is presented under the caption "Finance lease assets" and a corresponding finance lease liability, which is presented under the caption "Finance lease liabilities, current portion” and “Finance lease liabilities, net of current portion". The corresponding interest expense of $866 on the finance lease liability for the three and six month periods ended June 30, 2022 is included under the caption "Interest expense and finance cost, net" and the corresponding depreciation of $163 on the finance lease asset for the three and six month periods ended June 30, 2022 is included under the caption "Depreciation and amortization".

As of June 30, 2022, the Company paid an amount of $2,002 relating to the deposit for the acquisition of the Navios Sky. As of June 30, 2022, the outstanding balance under the finance lease liability was $17,285 including $130 relating to finance lease payments.

The table below provides the total amount of lease payments on our finance lease liability as of June 30, 2022:

Leases - Total amount of lease payments

Payment due by period
June 30, 2023	$	1,900
June 30, 2024		1,900
June 30, 2025		1,900
June 30, 2026		1,900
June 30, 2027		1,900
June 30, 2028 and thereafter		7,785
Total	$	17,285

Subsequent Events

6 Months Ended

Jun. 30, 2022

Subsequent Events [Abstract]

Subsequent Events

NOTE 16: SUBSEQUENT EVENTS Subsequent Events

In August 2022, the Company fully redeemed the outstanding balance of $80,000 on the 2022 Senior Secured Notes using cash received from the Transaction. Please see also Note 6 “Borrowings” to the interim condensed consolidated financial statements.

2) On July 26, 2022, Navios Holdings agreed to sell its 36-vessel dry bulk fleet for an aggregate consideration of $835,000 consisting of cash and the assumption of bank debt and finance leases related to the vessels and subject to working capital adjustment at closing, to Navios Partners. The closing of the Transaction was subject to customary closing conditions, including receipt of certain consents required in connection with Navios Partners’ assumption of bank debt in connection with the Transaction. The closing of the Transaction was effected in two tranches. The first tranche, involving the transfer of 15 vessels, was completed on July 29, 2022. The second tranche, involving the remaining 21 vessels, was completed on September 8, 2022. The net cash proceeds of the Transaction were used (a) to repay $262,632 under the NSM loans and (b) to fully redeem the outstanding balance of $80,000 under the 2022 Senior Secured Notes at maturity on August 15, 2022. The Transaction was negotiated and unanimously approved by the Special Committee of Navios Holdings and was also unanimously approved by the full board of directors of Navios Holdings. The net cash proceeds will be determined once the working capital adjustments are finalized and settled as per the terms of the agreement. The expected gain from the Transaction will be recorded in the consolidated statements of comprehensive income in the third quarter of 2022.

In July 2022, the Company entered into a sale and leaseback agreement amounting to $22,000 to finance a dry bulk vessel, which was drawn in the third quarter of 2022. Please see also Note 6 “Borrowings” to the interim condensed consolidated financial statements.

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Basis of presentation:

Going concern

The interim condensed consolidated financial statements have been prepared on a going concern basis.

As of August 2022, the Company had redeemed its 2022 Senior Secured Notes in full. Please see Note 6 “Borrowings” to the interim condensed consolidated financial statements.

Principles of consolidation:

Revenue Recognition:

(c) Revenue Recognition:

Revenue is recognized when (or as) the Company transfers promised goods or services to its customers in amounts that reflect the consideration to which the company expects to be entitled to in exchange for those goods or services, which occurs when (or as) the Company satisfies its contractual obligations and transfers control of the promised goods or services to its customers.

In determining the appropriate amount of revenue to be recognized as it fulfills its obligations under its agreements, the Company performs the following steps: (i) identification of the promised goods or services in the contract; (ii) determination of whether the promised goods or services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations based on estimated selling prices; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation.

Voyage revenues for the transportation of cargo are recognized ratably over the estimated relative transit time of each voyage. A voyage is deemed to commence when a vessel arrives at the loading port, as applicable under the contract, and is deemed to end upon the completion of the discharge of the current cargo. 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.

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 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.

Revenue from contracts of affreightment (“COA”)/voyage contracts relating to our barges are recognized ratably over the estimated relative transit time of each voyage. A voyage is deemed to commence upon the barge’s arrival at the loading port, as applicable under the contract, and is deemed to end upon the completion of discharge under the current voyage. The percentage of transit time is based on the number of days traveled as of the balance sheet date divided by the number of total days expected for the voyage. The position of the barge at the balance sheet date is determined by the days traveled as of the balance sheet date over the total voyage of the pushboat having the barge in tow. Revenue arising from contracts that provide our customers with continuous access to convoy capacity is recognized ratably over the period of the contracts.

Demurrage income represents payments made by the charterer to the vessel owner when loading or discharging time exceeds the stipulated time in the voyage charter and is recognized as it is earned.

The Company recognizes revenue ratably from the vessel’s/barge’s arrival at the loading port, as set forth in the applicable contract, 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.

Revenues from time-chartering and bareboat chartering of vessels and barges are accounted for as operating leases and are thus recognized on a straight-line basis as the average revenue over the rental periods of such charter agreements as service is performed. However, for loss generating time charters, the loss is recognized in the period during which the loss is generated. A time-charter involves placing a vessel or barge at the charterer’s disposal for a period of time during which the charterer uses the vessel in return for the payment of a specified daily hire rate. Charters for periods of less than three months are referred to as spot-charters. Charters for periods of three months to a year are generally referred to as medium-term charters. All other charters are considered long-term. For time-charters, the owner of the vessel typically pays the vessel’s operating costs, such as crews, maintenance and insurance.

Revenues from dry port terminal operations consist of an agreed flat fee per ton and cover the services performed to unload barges (or trucks), transfer the product into silos or the stockpiles for temporary storage, and to load the ocean-going vessels. Revenues are recognized upon completion of loading the ocean-going vessels. Revenue arising from contracts that provide our customers with continuous access to port terminal storage and transshipment capacity is recognized ratably over the period of the contracts. Additionally, fees are charged for vessel dockage and for storage time in excess of contractually specified terms. Dockage revenues are recognized ratably up to completion of loading as the performance obligation is met evenly over the loading period. Storage fees are assessed and recognized at the point when the product remains in the silo storage beyond the contractually agreed upon term. Storage fee revenue is recognized ratably over the storage period and ends when the product is loaded onto the ocean-going vessel.

Revenues from liquid port terminal consist mainly of sales of petroleum products in the Paraguayan market and revenues from liquid port operations. Revenues from liquid port terminal operations consist of an agreed flat fee per cubic meter or a fixed rate over a specific period to cover the services performed to unload barges, transfer the products into the tanks for temporary storage and then loading the trucks. Revenues that consist of an agreed flat fee per cubic meter are recognized upon completion of loading the trucks. Revenues from liquid port terminal operations that consist of a fixed rate over a specific period are recognized ratably over the storage period as the performance obligation is met evenly over time, ending when the product is loaded onto the trucks.

Additionally, revenues consist of an agreed flat fee per cubic meter to cover the services performed to unload barges, transfer the products into the tanks for temporary storage, and to load the trucks. Revenues are recognized upon completion of loading the trucks. Additionally, fees are charged for storage time in excess of contractually specified terms. Storage fee revenue is recognized ratably over the storage period and ends when the product is loaded onto the trucks.

Expenses related to our revenue-generating contracts are recognized as incurred.

The following tables reflect the revenue earned per category for the three and six month periods ended June 30, 2022 and 2021:

	Dry Bulk Vessel Operations for the Three Month Period Ended June 30, 2022		Logistics Business for the Three Month Period Ended June 30, 2022		Total for the Three Month Period Ended June 30, 2022
COA/Voyage revenue	$	—	$	24,519	$	24,519
Time chartering revenue	$	89,349	$	13,808	$	103,157
Port terminal revenue	$	—	$	25,174	$	25,174
Storage fees (dry port) revenue	$	—	$	1,812	$	1,812
Dockage revenue	$	—	$	1,745	$	1,745
Liquid port terminal revenue	$	—	$	1,614	$	1,614
Other	$	687	$	513	$	1,200
Total	$	90,036	$	69,185	$	159,221

	Dry Bulk Vessel Operations for the Three Month Period Ended June 30, 2021		Logistics Business for the Three Month Period Ended June 30, 2021		Total for the Three Month Period Ended June 30, 2021
COA/Voyage revenue	$	2,803	$	21,897	$	24,700
Time chartering revenue	$	83,064	$	11,106	$	94,170
Port terminal revenue	$	—	$	21,342	$	21,342
Storage fees (dry port) revenue	$	—	$	16	$	16
Dockage revenue	$	—	$	1,282	$	1,282
Sale of products revenue	$	—	$	315	$	315
Liquid port terminal revenue	$	—	$	1,216	$	1,216
Other	$	186	$	397	$	583
Total	$	86,053	$	57,571	$	143,624

Dry Bulk Vessel Operations
for the
Six Month Period Ended
June 30, 2022 Logistics Business for the
Six Month Period Ended
June 30, 2022 Total for the Six Month Period Ended
June 30, 2022

COA/Voyage revenue $ — $ 44,326 $ 44,326

Time chartering revenue $ 157,724 $ 25,201 $ 182,925

Port terminal revenue $ — $ 47,991 $ 47,991

Storage fees (dry port) revenue $ — $ 2,173 $ 2,173

Dockage revenue $ — $ 3,107 $ 3,107

Sale of products revenue $ — $ 1,894 $ 1,894

Liquid port terminal revenue $ — $ 3,075 $ 3,075

Other $ 948 $ 572 $ 1,520

Total $ 158,672 $ 128,339 $ 287,011

Dry Bulk Vessel Operations
for the
Six Month Period Ended
June 30, 2021 Logistics Business for the
Six Month Period Ended
June 30, 2021 Total for the Six Month Period Ended
June 30, 2021

COA/Voyage revenue $ 8,016 $ 39,482 $ 47,498

Time chartering revenue $ 141,317 $ 21,973 $ 163,290

Port terminal revenue $ — $ 40,925 $ 40,925

Storage fees (dry port) revenue $ — $ 124 $ 124

Dockage revenue $ — $ 1,880 $ 1,880

Sale of products revenue $ — $ 3,495 $ 3,495

Liquid port terminal revenue $ — $ 2,448 $ 2,448

Other $ 448 $ 467 $ 915

Total $ 149,781 $ 110,794 $ 260,575

Deferred Income and Cash Received In Advance: Deferred voyage revenue primarily relates to cash received from charterers prior to it being earned.

These amounts are recognized as revenue over the voyage or charter period.

Recent Accounting Pronouncements:

(d) Recent Accounting Pronouncements:

Adoption of new accounting pronouncements:

In July 2021, the FASB issued ASU 2021-05, Lease (Topic 842): Lessors—Certain Leases with Variable Lease Payments (“ASU 2021-05”). The guidance in ASU 2021-05 amends the lease classification requirements for the lessors under certain leases containing variable payments to align with practice under ASC 840. The lessor should classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if both of the following criteria are met: 1) the lease would have been classified as a sales-type lease or a direct financing lease in accordance with the classification criteria in ASC 842-10-25-2 through 25-3; and 2) the lessor would have otherwise recognized a day-one loss. The amendments in ASU 2021-05 are effective for fiscal years beginning after December 15, 2021. The adoption of this ASU on January 1, 2022 did not have a material impact on the Company’s interim condensed consolidated financial statements.

On August 5, 2020, the FASB issued ASU No. 2020-06, Debt -Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging -Contracts in Entity’s Own Equity (Subtopic 815-40). The objective of this update is to improve understandability and reduce complexity on distinguishing liabilities from equity. Amendments affect entities that issue convertible instruments and/or contracts indexed to and potentially settled in an entity’s own equity. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Adoption is allowed through either a modified retrospective method of transition or a fully retrospective method of transition. The adoption of this ASU on January 1, 2022 did not have a material impact on the Company’s opening balances and interim condensed consolidated financial statements.

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies - Revenue per category

	Dry Bulk Vessel Operations for the Three Month Period Ended June 30, 2022		Logistics Business for the Three Month Period Ended June 30, 2022		Total for the Three Month Period Ended June 30, 2022
COA/Voyage revenue	$	—	$	24,519	$	24,519
Time chartering revenue	$	89,349	$	13,808	$	103,157
Port terminal revenue	$	—	$	25,174	$	25,174
Storage fees (dry port) revenue	$	—	$	1,812	$	1,812
Dockage revenue	$	—	$	1,745	$	1,745
Liquid port terminal revenue	$	—	$	1,614	$	1,614
Other	$	687	$	513	$	1,200
Total	$	90,036	$	69,185	$	159,221

	Dry Bulk Vessel Operations for the Three Month Period Ended June 30, 2021		Logistics Business for the Three Month Period Ended June 30, 2021		Total for the Three Month Period Ended June 30, 2021
COA/Voyage revenue	$	2,803	$	21,897	$	24,700
Time chartering revenue	$	83,064	$	11,106	$	94,170
Port terminal revenue	$	—	$	21,342	$	21,342
Storage fees (dry port) revenue	$	—	$	16	$	16
Dockage revenue	$	—	$	1,282	$	1,282
Sale of products revenue	$	—	$	315	$	315
Liquid port terminal revenue	$	—	$	1,216	$	1,216
Other	$	186	$	397	$	583
Total	$	86,053	$	57,571	$	143,624

Cash and Cash Equivalents and Restricted Cash (Tables)

6 Months Ended

Jun. 30, 2022

Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]

Cash and Cash equivalents

	June 30, 2022		December 31, 2021
Cash on hand and at banks	$	45,561	$	53,547
Short-term deposits and highly liquid funds		659		44
Restricted cash		8,726		84,260
Cash and cash equivalents and restricted cash	$	54,946	$	137,851

Vessels, Port Terminals and Other Fixed Assets, Net (Tables)

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Vessels, Port Terminals and Other Fixed Assets, net

Vessels, Port Terminals and Other Fixed Assets, net	Cost		Accumulated Depreciation		Net Book Value
Balance December 31, 2021	$	1,392,629	$	(442,627)	$	950,002
Additions		4,622		(26,201)		(21,579)
Balance June 30, 2022	$	1,397,251	$	(468,828)	$	928,423

Intangible Assets Other Than Goodwill (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Other Than Goodwill

Intangible assets	June 30, 2022		December 31, 2021
Acquisition cost	$	178,642	$	178,642
Accumulated amortization		(88,441)		(85,661)
Total intangible assets net book value	$	90,201	$	92,981

Intangible Assets Other Than Goodwill - Schedule of Aggregate Amortization

Period
Year One	$	5,581
Year Two		5,588
Year Three		5,581
Year Four		5,581
Year Five		5,581
Thereafter		62,289
Total	$	90,201

Borrowings (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Borrowings

Facility	June 30, 2022		December 31, 2021
Secured Credit Facilities	$	185,930	$	—
2022 Senior Secured Notes		90,000		155,000
2022 Notes		—		455,466
2024 Notes		8,626		8,626
NSM Loan (incl. accrued interest $306)		—		48,879
$115.0 million NSM Loan (incl. accrued interest $571)		—		64,630
NSM Loan I		127,632		—
NSM Loan II		135,000		—
Convertible Debenture		47,637		—
Sale and Leaseback Agreements		137,802		114,837
2025 Logistics Senior Notes		500,000		500,000
Navios Logistics other long-term loans and notes payable		58,804		58,376
Total borrowings		1,291,431		1,405,814
Less: current portion, net		(165,662)		(307,451)
Less: deferred finance costs, net		(19,542)		(19,330)
Total long-term borrowings	$	1,106,227	$	1,079,033

Borrowings - Principal payments

Payment due by period
June 30, 2023	$	167,099
June 30, 2024		176,407
June 30, 2025		126,501
June 30, 2026		750,798
June 30, 2027		17,695
June 30, 2028 and thereafter		52,931
Total	$	1,291,431

Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Of Financial Instruments

Fair Value of Financial Instruments - Fair Value

	June 30, 2022				December 31, 2021
	Book Value		Fair Value		Book Value		Fair Value
Cash and cash equivalents	$	46,220	$	46,220	$	53,591	$	53,591
Restricted cash	$	8,726	$	8,726	$	84,260	$	84,260
Investments in available-for-sale-securities	$	220	$	220	$	219	$	219
Senior and ship mortgage notes, net	$	(584,450)	$	(572,943)	$	(1,101,931)	$	(1,142,545)
Long-term debt, including current portion	$	(379,374)	$	(382,536)	$	(171,919)	$	(173,213)
Loans payable to affiliate companies, including current portion and Convertible Debenture	$	(308,065)	$	(310,269)	$	(112,634)	$	(112,634)

Fair Value of Financial Instruments - Fair value measurements on a recurring basis

	Fair Value Measurements as of June 30, 2022
	Total		Quoted Prices in Active Markets for Identical Assets (Level I)		Significant Other Observable Inputs (Level II)		Significant Unobservable Inputs (Level III)
Investments in available-for-sale-securities	$	220	$	220	$	—	$	—
Total	$	220	$	220	$	—	$	—

	Fair Value Measurements as of December 31, 2021
	Total		Quoted Prices in Active Markets for Identical Assets (Level I)		Significant Other Observable Inputs (Level II)		Significant Unobservable Inputs (Level III)
Investments in available-for-sale-securities	$	219	$	219	$	—	$	—
Total	$	219	$	219	$	—	$	—

Fair Value of Financial Instruments - Assets measured at Fair Value on a Non-Recurring Basis

	Fair Value Measurements as of December 31, 2021
	Total		Quoted Prices in Active Markets for Identical Assets (Level I)		Significant Other Observable Inputs (Level II)		Significant Unobservable Inputs (Level III)
Vessels, port terminals and other fixed assets, net	$	7,500	$	—	$	7,500	$	—
Total	$	7,500	$	—	$	7,500	$	—

Fair Value of Financial Instruments - Fair value measurements

	Fair Value Measurements at June 30, 2022
	Total		(Level I)		(Level II)		(Level III)
Cash and cash equivalents	$	46,220	$	46,220	$	—	$	—
Restricted cash	$	8,726	$	8,726	$	—	$	—
Investments in available-for-sale-securities	$	220	$	220	$	—	$	—
Senior and ship mortgage notes	$	(572,943)	$	(564,317)	$	(8,626)	$	—
Long-term debt, including current portion⁽¹⁾	$	(382,536)	$	—	$	(382,536)	$	—
Loans payable to affiliate companies, including current portion⁽²⁾ and Convertible Debenture	$	(310,269)	$	—	$	(310,269)	$	—

	Fair Value Measurements at December 31, 2021
	Total		(Level I)		(Level II)		(Level III)
Cash and cash equivalents	$	53,591	$	53,591	$	—	$	—
Restricted cash	$	84,260	$	84,260	$	—	$	—
Investments in available-for-sale-securities	$	219	$	219	$	—	$	—
Senior and ship mortgage notes	$	(1,142,545)	$	(1,133,919)	$	(8,626)	$	—
Long-term debt, including current portion⁽¹⁾	$	(173,213)	$	—	$	(173,213)	$	—
Loans payable to affiliate companies, including current portion⁽²⁾	$	(112,634)	$	—	$	(112,634)	$	—

(1)	The fair value of the Company’s long-term debt is estimated based on currently available debt with similar contract terms, interest rates and remaining maturities, published quoted market prices as well as taking into account the Company’s creditworthiness.
(2)	The fair value of the Company’s loans payable to affiliate companies, including Convertible Debenture is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account the counterparty’s creditworthiness.

Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Information - Summarized financial information

	Dry Bulk Vessel Operations for the Three Month Period Ended June 30, 2022		Logistics Business for the Three Month Period Ended June 30, 2022		Total for the Three Month Period Ended June 30, 2022
Revenue	$	90,036	$	69,185	$	159,221
Interest expense and finance cost, net		(19,893)		(15,450)		(35,343)
Depreciation and amortization		(6,640)		(8,126)		(14,766)
Equity in net earnings of affiliate companies		13,160		—		13,160
Net income attributable to Navios Holdings common stockholders		40,870		4,090		44,960
Total assets		1,115,201		613,131		1,728,332
Goodwill		56,240		104,096		160,336
Capital expenditures		(2,000)		(988)		(2,988)
Investment in affiliate companies		148,384		—		148,384
Cash and cash equivalents		8,578		37,642		46,220
Restricted cash		8,726		—		8,726
Long-term debt, net (including current and noncurrent portion)	$	679,569	$	544,683	$	1,224,252

	Dry Bulk Vessel Operations for the Three Month Period Ended June 30, 2021		Logistics Business for the Three Month Period Ended June 30, 2021		Total for the Three Month Period Ended June 30, 2021
Revenue	$	86,053	$	57,571	$	143,624
Interest expense and finance cost, net		(21,011)		(15,159)		(36,170)
Depreciation and amortization		(7,917)		(8,071)		(15,988)
Equity in net earnings of affiliate companies		12,854		—		12,854
Net income /(loss) attributable to Navios Holdings common stockholders		27,795		(2,859)		24,936
Total assets		1,156,441		672,652		1,829,093
Goodwill		56,240		104,096		160,336
Capital expenditures		(22,758)		(3,646)		(26,404)
Investment in affiliate companies		97,351		—		97,351
Cash and cash equivalents		25,689		47,470		73,159
Restricted cash		10		—		10
Long-term debt, net (including current and noncurrent portion)	$	927,399	$	549,054	$	1,476,453

	Dry Bulk Vessel Operations for the Six Month Period Ended June 30, 2022		Logistics Business for the Six Month Period Ended June 30, 2022		Total for the Six Month Period Ended June 30, 2022
Revenue	$	158,672	$	128,339	$	287,011
Interest expense and finance cost, net		(42,114)		(30,794)		(72,908)
Depreciation and amortization		(13,072)		(16,072)		(29,144)
Equity in net earnings of affiliate companies		22,958		—		22,958
Net income attributable to Navios Holdings common stockholders		36,099		3,861		39,960
Total assets		1,115,201		613,131		1,728,332
Goodwill		56,240		104,096		160,336
Capital expenditures		(3,578)		(2,709)		(6,287)
Investment in affiliate companies		148,384		—		148,384
Cash and cash equivalents		8,578		37,642		46,220
Restricted cash		8,726		—		8,726
Long-term debt, net (including current and noncurrent portion)	$	679,569	$	544,683	$	1,224,252

	Dry Bulk Vessel Operations for the Six Month Period Ended June 30, 2021		Logistics Business for the Six Month Period Ended June 30, 2021		Total for the Six Month Period Ended June 30, 2021
Revenue	$	149,781	$	110,794	$	260,575
Interest expense and finance cost, net		(42,855)		(29,515)		(72,370)
Depreciation and amortization		(16,714)		(15,540)		(32,254)
Equity in net earnings of affiliate companies		40,594		—		40,594
Net income/ (loss) attributable to Navios Holdings common stockholders		27,694		(2,595)		25,099
Total assets		1,156,441		672,652		1,829,093
Goodwill		56,240		104,096		160,336
Capital expenditures		(24,152)		(22,033)		(46,185)
Investment in affiliate companies		97,351		—		97,351
Cash and cash equivalents		25,689		47,470		73,159
Restricted cash		10		—		10
Long-term debt, net (including current and noncurrent portion)	$	927,399	$	549,054	$	1,476,453

Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings/(Loss) per Common Share - Earnings/Loss per share, basic and diluted

	Three Month Period Ended June 30, 2022		Three Month Period Ended June 30, 2021		Six Month Period Ended June 30, 2022		Six Month Period Ended June 30, 2021
Numerator:
Net income attributable to Navios Holdings common stockholders	$	44,960	$	24,936	$	39,960	$	25,099
Less:
Declared and undeclared dividend on preferred stock and on unvested restricted shares		(1,284)		(1,284)		(2,561)		(2,561)
Undistributed income attributable to Series I participating preferred shares		(12,451)		—		(9,284)		—
Plus:
Income available to Navios Holdings common stockholders, basic and diluted	$	31,225	$	23,652	$	28,115	$	22,538
Denominator:
Denominator for basic earnings per share attributable to Navios Holdings common stockholders — weighted average shares		22,654,825		13,127,208		22,643,215		13,120,335
Basic earnings per share attributable to Navios Holdings common stockholders	$	1.38	$	1.80	$	1.24	$	1.72
Denominator for diluted earnings per share attributable to Navios Holdings common stockholders — weighted average shares		22,848,328		13,511,627		22,845,014		13,508,382
Diluted earnings per share attributable to Navios Holdings common stockholders	$	1.37	$	1.75	$	1.23		1.67

Investments in Affiliate Companies and Available-for-Sale Securities (Tables)

6 Months Ended

Jun. 30, 2022

Investments in and Advances to Affiliates [Abstract]

Investment in affiliate companies and available-for-sale securities - Summarized financial information of the affiliate companies


Income Statement	Navios Partners
		Three Month June 30, 2022		Three Month June 30, 2021
Revenue	$	280,661	$	152,009
Time charter and voyage expenses	$	(21,718)	$	(5,869)
Direct vessel expenses	$	(12,920)	$	(3,989)
Vessel operating expenses	$	(73,989)	$	(41,771)
Net income	$	118,160	$	99,913


Income Statement	Navios Partners
	Six Month June 30, 2022			Six Month June 30, 2021
Revenue	$	517,278	$	217,072
Time charter and voyage expenses	$	(38,861)	$	(8,364)
Direct vessel expenses	$	(24,113)	$	(7,143)
Vessel operating expenses	$	(147,161)	$	(64,733)
Net income	$	203,825	$	236,592

Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases

Leases - Lease Expense

	Dry Bulk Vessel Operations Three Month Period Ended June 30, 2022		Logistics Business Three Month Period Ended June 30, 2022		Total
Lease expense for charter-in contracts	$	15,514	$	1,013	$	16,527
Lease expense for land lease agreements		—		165		165
Lease expense for office lease agreements		—		120		120
Total	$	15,514	$	1,298	$	16,812

	Dry Bulk Vessel Operations Three Month Period Ended June 30, 2021		Logistics Business Three Month Period Ended June 30, 2021		Total
Lease expense for charter-in contracts	$	19,252	$	1,630	$	20,882
Lease expense for land lease agreements		—		142		142
Lease expense for office lease agreements		—		91		91
Total	$	19,252	$	1,863	$	21,115

	Dry Bulk Vessel Operations Six Month Period Ended June 30, 2022		Logistics Business Six Month Period Ended June 30, 2022		Total
Lease expense for charter-in contracts	$	30,522	$	2,021	$	32,543
Lease expense for land lease agreements		—		309		309
Lease expense for office lease agreements		—		191		191
Total	$	30,522	$	2,521	$	33,043

	Dry Bulk Vessel Operations Six Month Period Ended June 30, 2021		Logistics Business Six Month Period Ended June 30, 2021		Total
Lease expense for charter-in contracts	$	39,850	$	3,168	$	43,018
Lease expense for land lease agreements		—		282		282
Lease expense for office lease agreements		—		157		157
Total	$	39,850	$	3,607	$	43,457

Leases - Total amount of lease payments on an undiscounted basis

	Charter-in vessels in operation			Land leases	Office space
June 30, 2023	$	80,620	$	556	$	432
June 30, 2024		46,554		556		348
June 30, 2025		28,277		556		62
June 30, 2026		18,960		556		60
June 30, 2027		10,680		556		23
June 30, 2028 and thereafter		25,888		21,611		—
Total	$	210,979	$	24,391	$	925
Operating lease liabilities, including current portion	$	162,567	$	8,167	$	826
Discount based on incremental borrowing rate	$	48,412	$	16,224	$	99

Leases - Total amount of lease payments

Payment due by period
June 30, 2023	$	1,900
June 30, 2024		1,900
June 30, 2025		1,900
June 30, 2026		1,900
June 30, 2027		1,900
June 30, 2028 and thereafter		7,785
Total	$	17,285

Description of Business (Details Narrative) $ in Thousands	6 Months Ended		7 Months Ended
Description of Business (Details Narrative) $ in Thousands	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jul. 26, 2022 USD ($)	Dec. 31, 2021
Proceeds from Sale of Property, Plant, and Equipment	$ 0	$ 137,016
Navios Partners [Member]
Economic interests	10.30%			10.30%
Navios Logistics [Member]
Incorporation date	Dec. 17, 2007
Ownership percentage of Navios Holdings	63.80%
Navios Partners [Member]
Number of vessels to be sold			36
Proceeds from Sale of Property, Plant, and Equipment			$ 835,000

Summary of Significant Accounting Policies - Revenue per category (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues	$ 159,221	$ 143,624	$ 287,011	$ 260,575
COA/Voyage revenue [Member]
Revenues	24,519	24,700	44,326	47,498
Time chartering revenue [Member]
Revenues	103,157	94,170	182,925	163,290
Port terminal revenue [Member]
Revenues	25,174	21,342	47,991	40,925
Storage fees (dry port) revenue [Member]
Revenues	1,812	16	2,173	124
Dockage revenue [Member]
Revenues	1,745	1,282	3,107	1,880
Liquid port terminal revenue [Member]
Revenues	1,614	1,216	3,075	2,448
Other [Member]
Revenues	1,200	583	1,520	915
Sale of products revenue [Member]
Revenues		315	1,894	3,495
Dry bulk vessels [Member]
Revenues	90,036	86,053	158,672	149,781
Dry bulk vessels [Member] \| COA/Voyage revenue [Member]
Revenues	0	2,803	0	8,016
Dry bulk vessels [Member] \| Time chartering revenue [Member]
Revenues	89,349	83,064	157,724	141,317
Dry bulk vessels [Member] \| Port terminal revenue [Member]
Revenues	0	0	0	0
Dry bulk vessels [Member] \| Storage fees (dry port) revenue [Member]
Revenues	0	0	0	0
Dry bulk vessels [Member] \| Dockage revenue [Member]
Revenues	0	0	0	0
Dry bulk vessels [Member] \| Liquid port terminal revenue [Member]
Revenues	0	0	0	0
Dry bulk vessels [Member] \| Other [Member]
Revenues	687	186	948	448
Dry bulk vessels [Member] \| Sale of products revenue [Member]
Revenues		0	0	0
Logistics Business [Member]
Revenues	69,185	57,571	128,339	110,794
Logistics Business [Member] \| COA/Voyage revenue [Member]
Revenues	24,519	21,897	44,326	39,482
Logistics Business [Member] \| Time chartering revenue [Member]
Revenues	13,808	11,106	25,201	21,973
Logistics Business [Member] \| Port terminal revenue [Member]
Revenues	25,174	21,342	47,991	40,925
Logistics Business [Member] \| Storage fees (dry port) revenue [Member]
Revenues	1,812	16	2,173	124
Logistics Business [Member] \| Dockage revenue [Member]
Revenues	1,745	1,282	3,107	1,880
Logistics Business [Member] \| Liquid port terminal revenue [Member]
Revenues	1,614	1,216	3,075	2,448
Logistics Business [Member] \| Other [Member]
Revenues	$ 513	397	572	467
Logistics Business [Member] \| Sale of products revenue [Member]
Revenues		$ 315	$ 1,894	$ 3,495

Summary of Significant Accounting Policies (Details Narrative) $ in Thousands	6 Months Ended		7 Months Ended	8 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jul. 26, 2022 USD ($)	Aug. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Assets, Current	$ 153,668				$ 229,447
Current liabilities, excluding operating lease liabilities	315,258
Working capital deficit	161,590
Long-Term Debt, Current Maturities	165,662				$ 307,451
Repayments of Debt	77,704
Proceeds from Sale of Property, Plant, and Equipment	$ 0	$ 137,016
Navios Partners and its subsidiaries [Member]
Economic rights	10.30%
Navios Acquisition and its subsidiaries [Member]
Economic rights	6.90%
Navios Containers and its subsidiaries [Member]
Economic rights	3.90%
Minimum [Member] \| Affiliate Companies [Member]
Voting rights	20.00%
Maximum [Member] \| Affiliate Companies [Member]
Voting rights	50.00%
All Except Navios Logistics Subsidiary [Member]
Ownership percentage of Navios Holdings	100.00%
Navios Logistics [Member]
Ownership percentage of Navios Holdings	63.80%
Navios Partners [Member]
Number of vessels to be sold			36
Proceeds from Sale of Property, Plant, and Equipment			$ 835,000
2022 Senior Secured Notes [Member]
Long-Term Debt, Current Maturities	$ 90,000
Debt Instrument, Interest Rate, Stated Percentage	11.25%
Maturity Date	August 2022
Repayments of Debt				$ 80,000
NSM Loan I & II [Member] \| Navios Partners [Member]
Repayments of Debt			262,632
2022 Notes [Member] \| Navios Partners [Member]
Debt Instrument, Repurchased Face Amount			$ 80,000

Cash and Cash equivalents (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]
Cash on hand and at banks	$ 45,561	$ 53,547
Short-term deposits and highly liquid funds	659	44
Restricted cash	8,726	84,260
Cash and cash equivalents and restricted cash	$ 54,946	$ 137,851	$ 73,169	$ 111,184

Cash and Cash Equivalents and Restricted Cash (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Current	$ 8,726	$ 84,260
Retention Accounts [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Current	8,726	0
Navios Lumen, Navios Stellar and Navios Phoenix [Member] \| 2022 Notes [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Current		84,250
Amounts Held As Security [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Current	$ 10	$ 10

Vessels, Port Terminals and Other Fixed Assets, net (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Balance	$ 950,002
Balance	928,423
Cost [Member]
Property, Plant and Equipment [Line Items]
Balance	1,392,629
Additions	4,622
Balance	1,397,251
Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Balance	(442,627)
Additions	(26,201)
Balance	(468,828)
Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Balance	950,002
Additions	(21,579)
Balance	$ 928,423

Vessels, Port Terminals and Other Fixed Assets, Net (Details Narrative) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended			6 Months Ended		7 Months Ended	12 Months Ended
	Feb. 28, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Jul. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Vessels, port terminals and other fixed assets, net		$ 928,423			$ 928,423			$ 950,002
Loss due to sale of vessels		$ 0	$ (5,406)		0	$ (25,861)
Proceeds from Sale of Property, Plant, and Equipment					0	$ 137,016
Land Port Murtinho [Member] \| Navios Logistics [Member]
Property, Plant and Equipment [Line Items]
Capitalized interest					$ 765			713
Area of land										9.0 hectares
Costs Incurred, Development Costs								1,580
Construction of six liquid barges [Member] \| Navios Logistics [Member]
Property, Plant and Equipment [Line Items]
Capitalized interest								1,062
Vessels, port terminals and other fixed assets, net								19,501
Construction of Two New Tanks In Liquid Port Terminal [Member] \| Navios Logistics [Member]
Property, Plant and Equipment [Line Items]
Vessels, port terminals and other fixed assets, net								1,843
Installation of a crane in grain port terminal [Member] \| Navios Logistics [Member]
Property, Plant and Equipment [Line Items]
Vessels, port terminals and other fixed assets, net								3,803
Navios Azimuth [Member]
Property, Plant and Equipment [Line Items]
Year built							2011
Vessel type							Capesize
Vessel Capacity							179,169
Vessel sale price							$ 30,000
Impairment loss							9,104
Carrying balance of dry dock and special survey costs							$ 1,950
Navios Ray [Member]
Property, Plant and Equipment [Line Items]
Year built						2012
Vessel type						Capesize
Vessel Capacity						179,515
Navios Bonavis [Member]
Property, Plant and Equipment [Line Items]
Year built						2009
Vessel type						Capesize
Vessel Capacity						180,022
Navios Ray And Navios Bonavis [Member]
Property, Plant and Equipment [Line Items]
Vessel sale price			58,000			$ 58,000
Carrying balance of dry dock and special survey costs						1,775
Loss due to sale of vessels						$ 8,753
Navios Koyo [Member]
Property, Plant and Equipment [Line Items]
Year built						2011
Vessel type						Capesize
Vessel sale price			28,500			$ 28,500
Proceeds from Sale of Property, Plant, and Equipment						8,500
Gain due to sale of vessels						$ 12,451
Navios Serenity [Member]
Property, Plant and Equipment [Line Items]
Year built						2011
Vessel type						Handysize
Vessel Capacity						34,690
Vessel sale price			$ 10,388			$ 10,388
Carrying balance of dry dock and special survey costs						11
Loss due to sale of vessels						$ 6,957
Navios Centaurus [Member]
Property, Plant and Equipment [Line Items]
Year built				2012
Vessel type				Panamax
Vessel Capacity				81,472
Navios Avior [Member]
Property, Plant and Equipment [Line Items]
Year built				2012
Vessel type				Panamax
Vessel Capacity				81,355
Navios Centaurus and Navios Avior [Member]
Property, Plant and Equipment [Line Items]
Vessel sale price				$ 39,250
Carrying balance of dry dock and special survey costs				495
Loss due to sale of vessels				13,498
Working capital adjustments				$ 5,766
Navios Astra [Member]
Property, Plant and Equipment [Line Items]
Year built	2006
Vessel type	Ultra Handymax
Vessel Capacity	53,468
Vessel sale price	$ 6,644
Seller's Credit Agreement for the Navios Logistics 2020 Fleet [Member] \| Navios Logistics [Member]
Property, Plant and Equipment [Line Items]
Vessels, port terminals and other fixed assets, net								$ 31,960
Description of scope									for the acquisition of three pushboats and 18 tank barges
Purchase price									$ 30,000
Acquisition date									March 22, 2021

Intangible Assets Other Than Goodwill (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisition cost	$ 178,642	$ 178,642
Accumulated amortization	(88,441)	(85,661)
Total intangible assets net book value	$ 90,201	$ 92,981

Intangible Assets Other Than Goodwill - Schedule of Aggregate Amortization (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Year One	$ 5,581
Year Two	5,588
Year Three	5,581
Year Four	5,581
Year Five	5,581
Thereafter	62,289
Total	$ 90,201	$ 92,981

Intangible Assets Other Than Goodwill (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 1,394	$ 1,394	$ 2,780	$ 2,780

Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Line of Credit	$ 584,450	$ 1,101,931
Total borrowings	1,291,431	1,405,814
Less: current portion, net	(165,662)	(307,451)
Less: deferred finance costs, net	(19,542)	(19,330)
Total long-term borrowings	1,106,227	1,079,033
2022 Senior Secured Notes [Member]
Line of Credit Facility [Line Items]
Line of Credit	90,000	155,000
2022 Notes [Member]
Line of Credit Facility [Line Items]
Line of Credit	0	455,466
2024 Notes [Member]
Line of Credit Facility [Line Items]
Line of Credit	8,626	8,626
NSM Loan (incl. accrued interest $306) [Member]
Line of Credit Facility [Line Items]
Total borrowings	0	48,879
$115.0 million NSM Loan (incl. accrued interest $571) [Member]
Line of Credit Facility [Line Items]
Total borrowings	0	64,630
NSM Loan I [Member]
Line of Credit Facility [Line Items]
Total borrowings	127,632	0
NSM Loan II [Member]
Line of Credit Facility [Line Items]
Total borrowings	135,000	0
Convertible Debenture [Member]
Line of Credit Facility [Line Items]
Total borrowings	47,637	0
Sale and Leaseback Agreements [Member]
Line of Credit Facility [Line Items]
Total borrowings	137,802	114,837
2025 Logistics Senior Notes [Member]
Line of Credit Facility [Line Items]
Line of Credit	500,000	500,000
Navios Logistics other long-term loans and notes payable [Member]
Line of Credit Facility [Line Items]
Notes payable	58,804	58,376
Secured Credit Facilities [Member]
Line of Credit Facility [Line Items]
Line of Credit	$ 185,930	$ 0

Borrowings - Principal payments (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Debt Disclosure [Abstract]
June 30, 2023	$ 167,099
June 30, 2024	176,407
June 30, 2025	126,501
June 30, 2026	750,798
June 30, 2027	17,695
June 30, 2028 and thereafter	52,931
Total	$ 1,291,431

- Definition

Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Borrowings (Details Narrative)	1 Months Ended	3 Months Ended		6 Months Ended		7 Months Ended	8 Months Ended	12 Months Ended
Borrowings (Details Narrative)	Jan. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($)	Jul. 31, 2022 USD ($)	Aug. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Mar. 31, 2022 USD ($)
Debt Instrument [Line Items]
Repayments of Debt				$ 77,704,000
Gain (Loss) on Extinguishment of Debt		$ (106,000)	$ 1,873,000	(221,000)	$ 1,873,000
Outstanding amount		1,291,431,000		$ 1,291,431,000				$ 1,405,814,000
Debt Instrument, Covenant Description				The Company’s secured credit facilities required compliance with maintenance covenants. Depending on the facility, these covenants included: (i) value-to-loan ratio covenants based on charter-free valuations, ranging from over 125% to 133%; (ii) minimum liquidity, as defined in the credit facilities, of $10,000; (iii) total debt divided by total assets, as defined in each credit facility, of 75%; and (iv) net worth, as defined in the credit facility, of $125,000.
Convertible Notes Payable, Noncurrent		47,637,000		$ 47,637,000				$ 0
Sale Leaseback Transaction, Amount Due under Financing Arrangement		137,802		137,802
Convertible Debenture [Member]
Debt Instrument [Line Items]
Convertible Notes Payable, Noncurrent		47,637,000		$ 47,637,000
Convertible conversion ratio								4.00%
Number of trading months				36
Convertible Debt								$ 24,000,000
Debt Instrument, Convertible, Terms of Conversion Feature								five years
Minimum [Member] \| Convertible Debenture [Member]
Debt Instrument [Line Items]
Convertible conversion ratio				5.00%
Maximum [Member] \| Convertible Debenture [Member]
Debt Instrument [Line Items]
Convertible conversion ratio				10.00%
Hamburg Commercial Bank AG [Member]
Debt Instrument [Line Items]
Line of credit facility initiation date				December 2021
Line of Credit Facility, Maximum Borrowing Capacity		101,750,000		$ 101,750,000
Description of scope, credit facility				for the refinancing of seven dry bulk vessels
Drawn down date				January 5, 2022
Line of Credit Facility, Interest Rate Description				LIBOR plus a margin
Prepayment date				March 2022
Prepayments of debt				$ 10,380,000
Number Of Vessels Released As Collateral				one
Outstanding amount		87,430,000		$ 87,430,000					$ 91,345,000
Number of repayment installments				8
Line of Credit Facility, Frequency of Payments				quarterly
Line of Credit Facility, Periodic Payment				$ 3,915,000
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid		60,027,000		$ 60,027,000
Hamburg Commercial Bank AG [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				3.25%
Hamburg Commercial Bank AG [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				4.50%
Loan Facility Credit Agricole CIB/ BNP Paribas ($105,000) [Member]
Debt Instrument [Line Items]
Line of credit facility initiation date				December 2021
Line of Credit Facility, Maximum Borrowing Capacity		105,000,000		$ 105,000,000
Description of scope, credit facility				for the refinancing of seven dry bulk vessels.
Drawn down date				January 5, 2022
Line of Credit Facility, Interest Rate Description				LIBOR plus a margin
Outstanding amount		98,500,000		$ 98,500,000
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid		41,000,000		$ 41,000,000
Loan Facility Credit Agricole CIB/ BNP Paribas ($105,000) [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				2.85%
Loan Facility Credit Agricole CIB/ BNP Paribas ($105,000) [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				3.75%
Four of Navios Holdings Credit Facilities [Member]
Debt Instrument [Line Items]
Repayments of Debt				$ 131,012,000	$ 36,199,000
Sale and Leaseback Agreements $77,000 [Member]
Debt Instrument [Line Items]
Sale Leaseback Transaction, Date				December 2021
Sale Leaseback Transaction, Amount Due under Financing Arrangement		77,000,000		$ 77,000,000
Sale and Leaseback Transaction Description				in order to finance four dry bulk vessels.
Sale and Leaseback Agreements $77,000 [Member] \| Two dry bulk vessels [Member]
Debt Instrument [Line Items]
Number of repayment installments				96
Debt Instrument, Periodic Payment				$ 481,000
Debt Instrument, Maturity Date, Description				fourth quarter of 2029
Balloon payment		3,600,000		$ 3,600,000
Sale and Leaseback Agreements $77,000 [Member] \| One Dry Bulk Vessel [Member]
Debt Instrument [Line Items]
Debt Instrument, Frequency of Periodic Payment				monthly
Number of repayment installments				72
Debt Instrument, Periodic Payment				$ 688,000
Debt Instrument, Maturity Date, Description				fourth quarter of 2027
Balloon payment		3,500,000		$ 3,500,000
Sale and Leaseback Agreements $77,000 [Member] \| Fourth Sale Lease Back Agreement [Member]
Debt Instrument [Line Items]
Drawn down date				January 2022
Debt Instrument, Frequency of Periodic Payment				monthly
Number of repayment installments				84
Debt Instrument, Periodic Payment				$ 643,000
Debt Instrument, Maturity Date, Description				first quarter of 2029
Balloon payment		1,000,000		$ 1,000,000
Proceeds from Lines of Credit				$ 19,000,000
Sale And Leaseback Agreements $68,000 [Member]
Debt Instrument [Line Items]
Debt Instrument, Frequency of Periodic Payment				monthly
Sale Leaseback Transaction, Date				first quarter of 2020
Sale Leaseback Transaction, Amount Due under Financing Arrangement		68,000,000		$ 68,000,000
Sale and Leaseback Transaction Description				for two Capesize vessels
Number of repayment installments				144
Sale And Leaseback Agreements $68,000 [Member] \| Capesize Vessel A [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment				$ 224,000
Debt Instrument, Maturity Date, Description				fourth quarter of 2031
Balloon payment		750,000		$ 750,000
Sale And Leaseback Agreements $68,000 [Member] \| Capesize Vessel B [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment				$ 238,000
Debt Instrument, Maturity Date, Description				first quarter of 2032
Balloon payment		750,000		$ 750,000
Sale and Leaseback Agreements $12,000 [Member]
Debt Instrument [Line Items]
Drawn down date				March 2022
Number of repayment installments				60
Debt Instrument, Frequency of Periodic Payment				monthly
Sale Leaseback Transaction, Date				March 2022
Sale Leaseback Transaction, Amount Due under Financing Arrangement		12,000,000		$ 12,000,000
Sale and Leaseback Transaction Description				to finance one dry bulk vessel
Debt Instrument, Periodic Payment				$ 521,000
Debt Instrument, Maturity Date, Description				first quarter of 2027
Balloon payment		$ 1,600,000		$ 1,600,000
Sale and Leaseback Agreements $22,000 [Member] \| Eight Sale Lease Back Agreement [Member]
Debt Instrument [Line Items]
Drawn down date						third quarter 2022
Debt Instrument, Frequency of Periodic Payment						monthly
Sale Leaseback Transaction, Date						third quarter of 2022
Sale Leaseback Transaction, Amount Due under Financing Arrangement						$ 22,000,000
Sale and Leaseback Transaction Description						to finance a dry bulk vessel
Number of repayment installments						120
Debt Instrument, Periodic Payment						$ 158,000
Debt Instrument, Maturity Date, Description				third quarter of 2032
Balloon payment						3,000,000
First four installments [Member] \| Loan Facility Credit Agricole CIB/ BNP Paribas ($105,000) [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Periodic Payment				$ 6,500,000
Debt Instrument, Frequency of Periodic Payment				quarterly
Next eight installments [Member] \| Loan Facility Credit Agricole CIB/ BNP Paribas ($105,000) [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Periodic Payment				$ 4,750,000
Debt Instrument, Frequency of Periodic Payment				quarterly
Three of the four new sale and leaseback agreements [Member] \| Sale and Leaseback Agreements $77,000 [Member]
Debt Instrument [Line Items]
Drawn down date				December 2021
Proceeds from Lines of Credit				$ 58,000,000
Three Month Period Ended [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate		10.17%	9.34%	10.17%	9.34%
Six Month Period Ended [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate		10.05%	9.33%	10.05%	9.33%
2022 Senior Secured Notes [Member]
Debt Instrument [Line Items]
Line of credit facility initiation date				November 21, 2017
Debt Instrument, Face Amount		$ 305,000,000		$ 305,000,000
Debt Instrument, Interest Rate, Stated Percentage		11.25%		11.25%
Debt instrument, issuance price percentage				97.00%
Agreggate principal amount, redeemed		$ 40,000,000	$ 0	$ 65,000,000	$ 0	$ 10,000,000
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed				100.00%
Write off of Deferred Debt Issuance Cost		106,000		$ 221,000
Repayments of Debt							$ 80,000,000
Deferred Financing Costs							$ 142,000
Maturity Date				August 2022
2022 Notes [member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 650,000,000		$ 650,000,000
Debt Instrument, Interest Rate, Stated Percentage		7.375%		7.375%
Repayments of Debt	$ 455,466,000
Debt Instrument, Issuance Date				Nov. 29, 2013
Debt Instrument, Repurchased Face Amount			14,356,000		14,356,000
Debt Instrument, Repurchase Amount			$ 12,454,000		12,454,000
Gain (Loss) on Extinguishment of Debt					1,873,000
2022 Notes [member] \| NSM Loan [Member]
Debt Instrument [Line Items]
Repayments of Debt	100,000,000
2022 Notes [member] \| Sale and Leaseback Agreements $77,000 [Member]
Debt Instrument [Line Items]
Repayments of Debt	$ 77,000,000
Number of sale and leaseback agreements	four
2022 Notes [member] \| Two Credit Facilities [Member]
Debt Instrument [Line Items]
Repayments of Debt	$ 206,725,000
2022 Notes [member] \| NSM Loan [Member]
Debt Instrument [Line Items]
Asset Not Pledged As Collateral.								$ 158,873,000
Senior Notes 2024 [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage				100.00%
Senior Notes 2024 [Member] \| Series H Preferred Stock [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 4,747,000		$ 4,747,000
Debt Instrument, Interest Rate, Stated Percentage		9.75%		9.75%
Debt instrument issuance date				March 21, 2019
Treasury Stock, Shares, Acquired \| shares				10,930
Senior Notes 2024 [Member] \| Series G Preferred Stock [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 3,879,000		$ 3,879,000
Debt instrument issuance date				April 21, 2019
Treasury Stock, Shares, Acquired \| shares				8,841
Credit Facilities [Member]
Debt Instrument [Line Items]
Debt Instrument, Covenant Compliance				As of June 30, 2022, the Company was in compliance with all of the covenants under each of its credit facilities.
NSM Loan I [Member]
Debt Instrument [Line Items]
Line of credit facility initiation date				December 2021
Line of Credit Facility, Maximum Borrowing Capacity		127,632,000		$ 127,632,000
Outstanding amount		$ 127,632,000		$ 127,632,000
Line of Credit Facility, Frequency of Payments				quarterly
Line of Credit Facility, Periodic Payment				$ 5,000,000
Number of loan tranches		2		2
NSM Loan I [Member] \| Convertible Debenture [Member]
Debt Instrument [Line Items]
Convertible Notes Payable, Noncurrent		$ 11,204,000		$ 11,204,000
Convertible conversion ratio				18.00%
NSM Loan I [Member] \| Tranche A [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		48,573,000		$ 48,573,000
NSM Loan I [Member] \| Tranche B [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		79,059,000		$ 79,059,000
NSM Loan II [Member]
Debt Instrument [Line Items]
Line of credit facility initiation date				December 2021
Line of Credit Facility, Maximum Borrowing Capacity		135,000,000		$ 135,000,000
Outstanding amount		$ 135,000,000		$ 135,000,000
Line of Credit Facility, Frequency of Payments				quarterly
Line of Credit Facility, Periodic Payment				$ 5,000,000
Number of loan tranches		2		2
NSM Loan II [Member] \| Convertible Debenture [Member]
Debt Instrument [Line Items]
Convertible Notes Payable, Noncurrent		$ 11,850,000		$ 11,850,000
Convertible conversion ratio				18.00%
NSM Loan II [Member] \| Tranche A [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		64,059,000		$ 64,059,000
NSM Loan II [Member] \| Tranche B [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		70,941,000		$ 70,941,000
NSM Loan I & II [Member] \| Convertible Debenture [Member]
Debt Instrument [Line Items]
Convertible conversion ratio				18.00%
Prepayment fee				$ 61,730,000
Four Percent PIK [Member] \| Convertible Debenture [Member]
Debt Instrument [Line Items]
Convertible Notes Payable, Noncurrent		583,000		$ 583,000
Convertible conversion ratio				4.00%
2025 Logistics Senior Notes [Member] \| Navios Logistics [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 500,000,000		$ 500,000,000
Debt Instrument, Interest Rate, Stated Percentage		10.75%		10.75%
Deferred Financing Costs		$ 14,403,000		$ 14,403,000				15,927,000
Debt Instrument, Issuance Date				Jul. 08, 2020
Debt Instrument, Covenant Description				The 2025 Logistics Senior Notes are secured by (i) first priority ship mortgages on four tanker vessels servicing the Navios Logistics’ cabotage business (the (1) Elena H, (2) Makenita H, (3) Sara H and (4) He Man H) owned by certain subsidiary guarantors (such guarantors, the “Mortgaged Vessel Guarantors”) and related assignments of earnings and insurance together with a first priority lien on the capital stock of each Mortgaged Vessel Guarantor; and (ii) an assignment by way of security of the Vale port contract (collectively, the “Collateral”).
Debt Instrument, Covenant Compliance				The Logistics Co-Issuers were in compliance with the covenants as of June 30, 2022.
Maturity Date				July 1, 2025
2025 Logistics Senior Notes [Member] \| Prior to August 1, 2022 [Member] \| Navios Logistics [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed				35.00%
Debt Instrument, Redemption Price, Percentage				110.75%
Debt Instrument, Redemption, Description				Prior to August 1, 2022, the Logistics Co-Issuers may also redeem all or a part of the 2025 Logistics Senior Notes at a redemption price equal to the sum of: (a) 100% of the principal amount of the 2025 Logistics Senior Notes to be redeemed; plus (b) the applicable “make-whole” premium described in the Indenture governing the 2025 Logistics Senior Notes, plus (c) accrued and unpaid interest, if any, on the 2025 Logistics Senior Notes to be redeemed, to (but excluding) the applicable redemption date, subject to the right of holders of notes on the relevant record date to receive interest due on all the relevant interest payment dates.
2025 Logistics Senior Notes [Member] \| Upon Certain Changes In Law [Member] \| Navios Logistics [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed				100.00%
2025 Logistics Senior Notes [Member] \| Upon occurrence of certain change of control events [Member] \| Navios Logistics [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed				101.00%
2022 Navios Logistics Alpha Bank Loan [Member]
Debt Instrument [Line Items]
Line of credit facility initiation date				February 28, 2022
Line of Credit Facility, Maximum Borrowing Capacity		7,000,000		$ 7,000,000
Description of scope, credit facility				in order to repay existing debt under the Navios Logistics Alpha Bank Loan.
Drawn down date				May 18, 2022
Line of Credit Facility, Interest Rate Description				Secured Overnight Financing Rate (“SOFR”) plus 315 basis points.
Outstanding amount		7,000,000		$ 7,000,000
Number of repayment installments				12
Line of Credit Facility, Frequency of Payments				quarterly
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid		2,800,000		$ 2,800,000
Debt Instrument, Date of First Required Payment				Aug. 18, 2022
Debt Issuance Costs, Gross		87,000		$ 87,000				99,000
2022 Navios Logistics BBVA Facility [Member]
Debt Instrument [Line Items]
Line of credit facility initiation date				March 23, 2022
Line of Credit Facility, Maximum Borrowing Capacity		25,000,000		$ 25,000,000
Description of scope, credit facility				to repay existing debt with BBVA and for general corporate purposes.
Outstanding amount		$ 17,000,000		$ 17,000,000
Line of Credit Facility, Frequency of Payments				quarterly
Maturity Date				July 1, 2025
Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate		4.25%		4.25%
Description of collateral				is secured by assignments of certain receivables.
Amount drawn down		$ 17,000,000		$ 17,000,000
Navios Logistics Santander Facility [Member]
Debt Instrument [Line Items]
Line of credit facility initiation date				March 25, 2022
Line of Credit Facility, Maximum Borrowing Capacity		5,000,000		$ 5,000,000
Description of scope, credit facility				for general corporate purposes.
Outstanding amount		$ 4,711,000		$ 4,711,000
Number of repayment installments				12
Line of Credit Facility, Frequency of Payments				quarterly
Maturity Date				March 7, 2026
Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate		4.20%		4.20%
Description of collateral				is secured by assignments of certain receivables.
Navios Logistics other long-term loans and notes payable [Member]
Debt Instrument [Line Items]
Description of scope, credit facility				to finance the construction of its Dry Port Terminal, the acquisition of vessels, or for general corporate purposes.
Notes and Loans Payable		$ 58,804,000		$ 58,804,000				$ 58,376,000
Debt Instrument, Description of Variable Rate Basis				LIBOR or SOFR
Navios Logistics other long-term loans and notes payable [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				3.15%
Debt Instrument, Maturity Date, Description				March 2024
Navios Logistics other long-term loans and notes payable [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				8.50%
Debt Instrument, Maturity Date, Description				March 2026
Secured Debt [Member]
Debt Instrument [Line Items]
Repayments of Secured Debt				$ 39,035,000	$ 79,071,000
NSM Loans [Member]
Debt Instrument [Line Items]
Proceeds from Lines of Credit				262,632,000
Long-term debt [Member]
Debt Instrument [Line Items]
Proceeds from Lines of Credit				235,725,000
Sale and Leaseback Agreements [Member]
Debt Instrument [Line Items]
Proceeds from Lines of Credit				$ 31,000,000

Fair Value of Financial Instruments - Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value Of Financial Instruments
Cash and cash equivalents - Book Value	$ 46,220	$ 53,591
Cash and cash equivalents - Fair Value	46,220	53,591
Restricted cash - Book Value	8,726	84,260
Restricted cash - Fair Value	8,726	84,260
Investments in available-for-sale-securities - Book Value	220	219
Investments in available-for-sale-securities - Fair Value	220	219
Senior and ship mortgage notes, net - Book Value	(584,450)	(1,101,931)
Senior and ship mortgage notes, net - Fair Value	(572,943)	(1,142,545)
Long-term debt, including current portion - Book Value	(379,374)	(171,919)
Long-term debt, including current portion - Fair Value	(382,536)	(173,213)
Loans payable to affiliate companies, including current portion and Convertible Debenture - Book Value	(308,065)	(112,634)
Loans payable to affiliate companies, including current portion and Convertible Debenture - Fair Value	$ (310,269)	$ (112,634)

Fair Value of Financial Instruments - Fair value measurements on a recurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in available-for-sale-securities	$ 220	$ 219
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in available-for-sale-securities	220	219
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in available-for-sale-securities	220	219
Total	220	219
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in available-for-sale-securities	220	219
Total	$ 220	$ 219

Fair Value of Financial Instruments - Assets measured at Fair Value on a Non-Recurring Basis (Details) - Fair Value, Nonrecurring [Member] $ in Thousands	Dec. 31, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Vessels, port terminals and other fixed assets, net	$ 7,500
Total	7,500
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Vessels, port terminals and other fixed assets, net	7,500
Total	$ 7,500

Fair Value of Financial Instruments - Fair value measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Cash and cash equivalents	$ 46,220	$ 53,591
Restricted cash	8,726	84,260
Investments in available-for-sale-securities	220	219
Senior and ship mortgage notes	(572,943)	(1,142,545)
Long-term debt, including current portion	(382,536)	(173,213)
Loans payable to affiliate companies, including current portion and Convertible Debenture	(310,269)	(112,634)
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Cash and cash equivalents	46,220	53,591
Restricted cash	8,726	84,260
Investments in available-for-sale-securities	220	219
Senior and ship mortgage notes	(564,317)	(1,133,919)
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Senior and ship mortgage notes	(8,626)	(8,626)
Long-term debt, including current portion	(382,536)	(173,213)
Loans payable to affiliate companies, including current portion and Convertible Debenture	$ (310,269)	$ (112,634)

Fair Value of Financial Instruments (Details Narrative) - Navios Logistics [Member] - Two tanker vessels [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Asset Impairment Charges	$ 21,966
Property, Plant, and Equipment, Fair Value Disclosure	$ 7,500

Commitments and Contingencies (Details Narrative) $ in Thousands	4 Months Ended	6 Months Ended	9 Months Ended
	Apr. 28, 2022 USD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2020 USD ($)	Jun. 01, 2023 USD ($)	Jun. 01, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 01, 2021 USD ($)
Letters of Credit Outstanding, Amount		$ 10				$ 10
Navios Logistics [Member] \| Storage And Transshipment Contract [Member]
Contractual Obligation			$ 4,140
Repayment installments			3
Contractual Obligation, to be Paid, Year One							$ 1,380
Contractual Obligation, to be Paid, Year Two					$ 1,380
Contractual Obligation, to be Paid, Year Three				$ 1,380
Navios Logistics [Member] \| Finance Leasing Contract For Eight Liquid Barges [Member]
Repayment installments	60
Finance lease liability, maturity	five year
Lessee, Finance Lease, Description	contract for eight liquid barges to be delivered from the
Date of delivery	fourth quarter of 2022 through the second quarter of 2023
Frequency of periodic payments	monthly
Finance Lease, Principal Payments	$ 26
Lessee, Finance Lease, Option to Extend	At expiration, the Navios Logistics will have the ability to exercise the purchase option of these barges or extend the term of the finance leasing contract.
Navios Logistics [Member] \| Vitol S.A. [Member] \| Performance Guarantee [Member]
Description of guarantee		Navios Logistics has issued a guarantee and indemnity letter that guarantees the performance by Petrolera San Antonio S.A. (a consolidated subsidiary) of all its obligations to Vitol S.A. up to $12,000. This guarantee expires on March 1, 2023.
Guarantee and indemnity letter		$ 12,000
Navios Logistics [Member] \| Edolmix S.A. and Energias Renovables del Sur S.A. [Member] \| Performance Guarantee [Member]
Description of guarantee		On July 22, 2016, Navios Logistics guaranteed the compliance of certain obligations related to Edolmix S.A. and Energías Renovables del Sur S.A. (entities wholly owned by Navios Logistics) under their respective direct user agreements with the Free Zone of Nueva Palmira, for the amounts of $847 and $519, respectively.
Navios Logistics [Member] \| Eldomix S.A. [Member] \| Performance Guarantee [Member]
Guarantee and indemnity letter		$ 847
Navios Logistics [Member] \| Energias Renovables del Sur S.A. [Member] \| Performance Guarantee [Member]
Guarantee and indemnity letter		$ 519

Transactions with Related Parties (Details Narrative)		3 Months Ended			6 Months Ended			7 Months Ended				8 Months Ended		11 Months Ended	12 Months Ended
Transactions with Related Parties (Details Narrative)	Sep. 08, 2022 USD ($)	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Jun. 30, 2022 USD ($) $ / shares shares	Jul. 13, 2021 USD ($) shares	Jun. 30, 2021 USD ($)	Aug. 15, 2022 USD ($)	Jul. 26, 2022 USD ($)	Jul. 31, 2021 USD ($)	Jul. 30, 2021 USD ($)	Aug. 31, 2022 USD ($)	Aug. 31, 2021 USD ($)	Dec. 02, 2019 USD ($)	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($)	Sep. 13, 2022 shares	Jan. 03, 2022 shares	Jul. 12, 2021 USD ($)
Related Party Transaction [Line Items]
Direct Operating Costs		$ 30,040,000	$ 29,232,000		$ 58,502,000		$ 55,147,000
General and Administrative Expense		9,340,000	8,544,000		15,905,000		15,363,000
Due to Affiliate, Current		45,095,000			45,095,000										$ 21,028,000
Proceeds from Sale of Property, Plant, and Equipment					0		137,016,000
Repayments of Debt					77,704,000
Long-Term Debt, Gross		1,291,431,000			1,291,431,000										1,405,814,000
Convertible Debenture, outstanding balance		47,637,000			47,637,000										$ 0
Nonoperating, other finance cost		$ 0	0		$ (24,000,000)		$ 0
Common Stock, Shares, Outstanding \| shares		25,238,591			25,238,591										25,198,620
Convertible Debenture [Member]
Related Party Transaction [Line Items]
Convertible Debenture, outstanding balance		$ 47,637,000			$ 47,637,000
Convertible conversion ratio															4.00%
Number of trading days					36
Nonoperating, other finance cost															$ 24,000,000
Debt Instrument, Convertible, Terms of Conversion Feature															five years
Convertible Debenture [Member] \| Minimum [Member]
Related Party Transaction [Line Items]
Convertible conversion ratio					5.00%
Convertible Debenture [Member] \| Maximum [Member]
Related Party Transaction [Line Items]
Convertible conversion ratio					10.00%
Common Stock [Member]
Related Party Transaction [Line Items]
Common Stock, Shares, Outstanding \| shares		25,238,591			25,238,591										25,198,620
Series I Preferred Stock [Member] \| Convertible Debenture [Member]
Related Party Transaction [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion \| shares																		1,000
Common Stock, Shares, Outstanding \| shares		9,133,147			9,133,147												29,754,721
Debt Instrument, Convertible, Conversion Price \| $ / shares		$ 3.93			$ 3.93
Grimaud Loan [Member]
Related Party Transaction [Line Items]
Line of credit facility initiation date					April 25, 2019
Revolving loan facility maximum borrowing capacity		$ 50,000,000			$ 50,000,000
Description of scope, credit facility					to be used for general corporate purposes, including the repurchase of 2022 Notes.
Description of collateral					This credit facility was secured by any 2022 Notes purchased by Navios Holdings with these funds.
Line Credit Facility Arrangement Fees					$ 500,000
Line of Credit Facility, Increase (Decrease), Net														$ 20,000,000
Line of Credit Facility, Interest Rate at Period End		10.00%			10.00%
Maturity date					December 2024
Amended Grimaud Loan [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Interest Rate at Period End		13.00%			13.00%
Supplemental Grimaud Loan [Member]
Related Party Transaction [Line Items]
Line of credit facility initiation date					June 30, 2021
Prepayments of debt						$ 7,500,000
Supplemental Grimaud Loan [Member] \| Common Stock [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, Treasury Stock Reissued \| shares						9,301,542
Midstream General Partner Option Agreement [Member]
Related Party Transaction [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Description					Navios Holdings entered into an option agreement, with Navios Acquisition under which Navios Acquisition, which owns and controls Navios Maritime Midstream Partners GP LLC (“Midstream General Partner”), granted Navios Holdings the option to acquire a minimum of 25% of the outstanding membership interests in Midstream General Partner and the incentive distribution rights in Navios Midstream representing the right to receive an increasing percentage of the quarterly distributions when certain conditions are met. The option shall expire on November 18, 2024. The purchase price for the acquisition for all or part of the option interest shall be an amount equal to its fair market value. As of June 30, 2022, Navios Holdings had not exercised any part of that option.
Navios Centaurus [Member]
Related Party Transaction [Line Items]
Year built				2012
Vessel type				Panamax
Vessel Capacity				81,472
Navios Avior [Member]
Related Party Transaction [Line Items]
Year built				2012
Vessel type				Panamax
Vessel Capacity				81,355
Navios Centaurus and Navios Avior [Member]
Related Party Transaction [Line Items]
Sale price				$ 39,250,000
Navios Ray [Member]
Related Party Transaction [Line Items]
Year built							2012
Vessel type							Capesize
Vessel Capacity							179,515
Navios Bonavis [Member]
Related Party Transaction [Line Items]
Year built							2009
Vessel type							Capesize
Vessel Capacity							180,022
Navios Ray And Navios Bonavis [Member]
Related Party Transaction [Line Items]
Sale price			58,000,000				$ 58,000,000
Navios Koyo [Member]
Related Party Transaction [Line Items]
Year built							2011
Vessel type							Capesize
Sale price			28,500,000				$ 28,500,000
Proceeds from Sale of Property, Plant, and Equipment							8,500,000
Navios Azimuth [Member]
Related Party Transaction [Line Items]
Year built										2011
Vessel type										Capesize
Vessel Capacity										179,169
Sale price										$ 30,000,000
Navios Partners Guarantee [Member]
Related Party Transaction [Line Items]
Guarantee Initiation Date					November 2012
Repayment date					April 2021
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid					$ 5,000,000
First Year [Member] \| Grimaud Loan [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Interest Rate During Period					12.75%
Second Year [Member] \| Grimaud Loan [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Interest Rate During Period					14.75%
NSM Loan [Member]
Related Party Transaction [Line Items]
Revolving loan facility maximum borrowing capacity		$ 141,795,000			$ 141,795,000
Debt Instrument, Issuance Date					Aug. 29, 2019
Description of the facility's collateral					The Company’s obligations under the NSM Loan were guaranteed by substantially the same subsidiaries that guaranteed the 2022 Notes and secured by assets of the Company that did not secure the 2022 Notes or the 2022 Senior Secured Notes.
Repayments of Debt																$ 47,000,000
Repayment frequency					quarterly
Line of Credit Facility, Frequency of Payment and Payment Terms					In certain cases, principal payments could be deferred provided that no more than $20,000 of deferral may be outstanding during the first or second year and $10,000 outstanding in the third year.
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		5.00%			5.00%
Interest rate for deferred principal amounts		7.00%			7.00%
Line of Credit Facility, Expiration Period					5 years
Limited Partners' Capital Account, Units Outstanding \| shares		2,072,121			2,072,121
$50.0 million NSM Loan [Member]
Related Party Transaction [Line Items]
Line of credit facility initiation date					June 2020
Revolving loan facility maximum borrowing capacity		$ 50,000,000			$ 50,000,000
Description of scope, credit facility					to be used for general corporate purposes
Repayment frequency					quarterly
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		5.00%			5.00%
Interest rate for deferred principal amounts		7.00%			7.00%
Number of repayment installments					18
Long-Term Debt, Gross																			$ 39,735,000
$115.0 million NSM Loan [Member]
Related Party Transaction [Line Items]
Line of credit facility initiation date					June 2021
Revolving loan facility maximum borrowing capacity		$ 115,000,000			$ 115,000,000
Description of scope, credit facility					to refinance $39,736 being the outstanding balance under the $50.0 million NSM Loan described above (“Tranche A”), (ii) to redeem amount of $70,000 of 2022 Senior Secured Notes and (iii) to be used for general corporate purposes (“Tranche B”) (the “$115.0 million NSM Loan”).
Amount drawn down		115,000,000			$ 115,000,000
Drawn down date					July 12, 2021
Debt Issuance Costs, Net		$ 875,000			$ 875,000
$115.0 million NSM Loan [Member] \| Tranche A [Member]
Related Party Transaction [Line Items]
Maturity date					November 30, 2024
Number of repayment installments					14
Line of Credit Facility, Frequency of Payments					quarterly
Line of Credit Facility, Periodic Payment					$ 2,838,000
$115.0 million NSM Loan [Member] \| Tranche B [Member]
Related Party Transaction [Line Items]
Maturity date					February 28, 2023
Number of repayment installments					7
Line of Credit Facility, Frequency of Payments					quarterly
$115.0 million NSM Loan [Member] \| Tranche A and B [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Frequency of Payments					quarterly
Debt Instrument, Interest Rate, Stated Percentage		10.50%			10.50%
$115.0 million NSM Loan [Member] \| First Two Installments [Member] \| Tranche B [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Periodic Payment					$ 22,632,000
$115.0 million NSM Loan [Member] \| Remaining Installments [Member] \| Tranche B [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Periodic Payment					$ 6,000,000
$115.0 million NSM Loan [Member] \| Payment Deferral [Member]
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		12.00%			12.00%
Debt instrument, maximum deferred discount amortization period					90 days
NSM Loan I [Member]
Related Party Transaction [Line Items]
Line of credit facility initiation date					December 2021
Revolving loan facility maximum borrowing capacity		$ 127,632,000			$ 127,632,000
Description of the facility's collateral					The Company’s obligations under the NSM Loan I were guaranteed by 2,072,121 common units in Navios Partners.
Line of Credit Facility, Expiration Period					4 years
Limited Partners' Capital Account, Units Outstanding \| shares		2,072,121			2,072,121
Long-Term Debt, Gross		$ 127,632,000			$ 127,632,000
Line of Credit Facility, Frequency of Payments					quarterly
Line of Credit Facility, Periodic Payment					$ 5,000,000
Number of loan tranches		2			2
NSM Loan I [Member] \| Convertible Debenture [Member]
Related Party Transaction [Line Items]
Convertible Debenture, outstanding balance		$ 11,204,000			$ 11,204,000
Convertible conversion ratio					18.00%
NSM Loan I [Member] \| Tranche A [Member]
Related Party Transaction [Line Items]
Revolving loan facility maximum borrowing capacity		48,573,000			$ 48,573,000
NSM Loan I [Member] \| Tranche B [Member]
Related Party Transaction [Line Items]
Revolving loan facility maximum borrowing capacity		79,059,000			$ 79,059,000
NSM Loan I [Member] \| Until the 2022 Senior Secured Notes are repaid [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Interest Rate Description					18%
NSM Loan I [Member] \| When paid in form of Convertible Debenture for the first 18 months [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Interest Rate Description					16.5%
NSM Loan I [Member] \| When paid in form of cash [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Interest Rate Description					13.5%
NSM Loan II [Member]
Related Party Transaction [Line Items]
Line of credit facility initiation date					December 2021
Revolving loan facility maximum borrowing capacity		135,000,000			$ 135,000,000
Line of Credit Facility, Expiration Period					4 years
Long-Term Debt, Gross		$ 135,000,000			$ 135,000,000
Line of Credit Facility, Frequency of Payments					quarterly
Line of Credit Facility, Periodic Payment					$ 5,000,000
Number of loan tranches		2			2
NSM Loan II [Member] \| Convertible Debenture [Member]
Related Party Transaction [Line Items]
Convertible Debenture, outstanding balance		$ 11,850,000			$ 11,850,000
Convertible conversion ratio					18.00%
NSM Loan II [Member] \| Tranche A [Member]
Related Party Transaction [Line Items]
Revolving loan facility maximum borrowing capacity		64,059,000			$ 64,059,000
NSM Loan II [Member] \| Tranche B [Member]
Related Party Transaction [Line Items]
Revolving loan facility maximum borrowing capacity		70,941,000			$ 70,941,000
NSM Loan II [Member] \| Until the 2022 Senior Secured Notes are repaid [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Interest Rate Description					18%
NSM Loan II [Member] \| When paid in form of cash [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Interest Rate Description					13.5%
NSM Loan II [Member] \| When paid in PIK Interest [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Interest Rate Description					16.5%
NSM Loan I & II [Member] \| Convertible Debenture [Member]
Related Party Transaction [Line Items]
Convertible conversion ratio					18.00%
Prepayment fee					$ 61,730,000
Four Percent PIK [Member] \| Convertible Debenture [Member]
Related Party Transaction [Line Items]
Convertible Debenture, outstanding balance		$ 583,000			$ 583,000
Convertible conversion ratio					4.00%
NSM [Member] \| Management Agreement [Member]
Related Party Transaction [Line Items]
Ratio of management services fee	$ 3,900											$ 3,800	$ 3,700
NSM [Member] \| Management Agreement [Member] \| Automatic Extension [Member]
Related Party Transaction [Line Items]
Duration of management fees agreement		five years			five years
Navios Partners [Member]
Related Party Transaction [Line Items]
Number of vessels to be sold									36
Proceeds from Sale of Property, Plant, and Equipment									$ 835,000,000
Navios Partners [Member] \| Tranche A [Member]
Related Party Transaction [Line Items]
Number of vessels to be sold									15
Navios Partners [Member] \| Tranche B [Member]
Related Party Transaction [Line Items]
Number of vessels to be sold									21
Navios Partners [Member] \| NSM Loan [Member]
Related Party Transaction [Line Items]
Repayments of Debt									$ 262,632,000
Navios Partners [Member] \| NSM Loan I & II [Member]
Related Party Transaction [Line Items]
Repayments of Debt									$ 262,632,000
Navios Partners [Member] \| $50.0 million NSM Loan [Member] \| First Priority Mortgage [Member]
Related Party Transaction [Line Items]
Description of the facility's collateral					The Company’s obligations under the $50.0 million NSM Loan were guaranteed by first priority security interests in a vessel, as well as pledge of certain 2022 Notes due 2022 owned by Navios Holdings and 40,587 common units in Navios Partners.
Limited Partners' Capital Account, Units Outstanding \| shares		40,587			40,587
Navios Partners [Member] \| $115.0 million NSM Loan [Member] \| First Priority Mortgage [Member]
Related Party Transaction [Line Items]
Description of the facility's collateral					The Company’s obligations under the $115.0 million NSM Loan were guaranteed by first priority security interests in a vessel, as well as pledge of certain 2022 Notes owned by Navios Holdings and 40,587 common units in Navios Partners and a second priority pledge in the Navios Logistics’ shares, 1,070,491 common units in Navios Partners and second priority pledge over the collateral securing the NSM Loan.
Limited Partners' Capital Account, Units Outstanding \| shares		40,587			40,587
Navios Partners [Member] \| $115.0 million NSM Loan [Member] \| Second Priority Mortgage [Member]
Related Party Transaction [Line Items]
Limited Partners' Capital Account, Units Outstanding \| shares		1,070,491			1,070,491
Navios Partners [Member] \| NSM Loan II [Member] \| First Priority Mortgage [Member]
Related Party Transaction [Line Items]
Description of the facility's collateral					The Company’s obligations under the NSM Loan II were guaranteed by 40,587 common units in Navios Partners, a second priority pledge in the Navios Logistics’ shares, 1,070,491 common units in Navios Partners, and a second priority pledge over the collateral securing the NSM Loan I.
Limited Partners' Capital Account, Units Outstanding \| shares		40,587			40,587
Navios Partners [Member] \| NSM Loan II [Member] \| Second Priority Mortgage [Member]
Related Party Transaction [Line Items]
Limited Partners' Capital Account, Units Outstanding \| shares		1,070,491			1,070,491
NSM [Member]
Related Party Transaction [Line Items]
Due to Affiliate, Current		$ 45,095,000			$ 45,095,000										$ 21,028,000
NSM [Member] \| Management Agreement [Member]
Related Party Transaction [Line Items]
Management Agreement Initiation Date					August 29, 2019
Duration of management fees agreement		five years			five years
Termination date of agreement					August 29, 2024
Management Fee Expense		$ 8,697,000	9,794,000		$ 17,297,000		20,365,000
Direct Operating Costs		$ 550,000	169,000		1,656,000		171,000
NSM [Member] \| Management Agreement [Member] \| Chartered-in vessels [Member]
Related Party Transaction [Line Items]
Ratio of management services fee					$ 30.00
NSM [Member] \| Administrative Services Agreement [Member]
Related Party Transaction [Line Items]
Termination date of agreement					August 29, 2024
Adrninistrative Services Agreement Initiation Date					August 29, 2019
Duration of administrative services agreement		five years			five years
General and Administrative Expense		$ 1,932,000	2,168,000		$ 3,843,000		4,508,000
NSM [Member] \| Administrative Services Agreement [Member] \| Navios Logistics [Member]
Related Party Transaction [Line Items]
General and Administrative Expense		$ 286,000	$ 286,000		$ 572,000		$ 572,000
NSM [Member] \| Administrative Services Agreement [Member] \| Automatic Extension [Member]
Related Party Transaction [Line Items]
Duration of administrative services agreement		five years			five years
Navios Logistics [Member] \| Grimaud [Member] \| Promissory Note [Member]
Related Party Transaction [Line Items]
Number of repayment installments											4
Line of Credit Facility, Frequency of Payments											semi-annual
Origination of Notes Receivable from Related Parties											$ 20,000,000
Repayment of Notes Receivable from Related Parties								$ 10,000,000

Preferred and Common Stock (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended			4 Months Ended	6 Months Ended				12 Months Ended
	Jan. 15, 2022	Jun. 30, 2022	Jun. 30, 2021	Mar. 21, 2019	Apr. 18, 2019	Jun. 30, 2022	Jul. 13, 2021	Jun. 30, 2021	Jul. 15, 2017	Dec. 31, 2021	Sep. 13, 2022	Jan. 03, 2022
Class of Stock [Line Items]
Shares tendered, nominal value		$ 0				$ 0				$ 0
Common Stock, Shares, Outstanding		25,238,591				25,238,591				25,198,620
Preferred Stock, Shares Outstanding		24,032				24,032				23,032
Grimaud [Member]
Class of Stock [Line Items]
Sale of Stock, Number of Shares Issued in Transaction										9,301,542
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture							9,301,542
Net proceeds										$ 44,437
Costs from sale of common stock										$ 176
Navios Corporation [Member]
Class of Stock [Line Items]
Treasury Stock, Common, Shares		2,414,263				2,414,263
American Depositary Shares [Member] \| Series G and Series H [Member]
Class of Stock [Line Items]
Percentage of the increase of the preferred dividend rate									25.00%
Stock Plan Approved By B.O.D [Member]
Class of Stock [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period	40,000
Series G Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Outstanding		5,350				5,350				5,350
Series G Preferred Stock [Member] \| Exchange program for 66 2/3% shares [Member]
Class of Stock [Line Items]
Number of shares issued for the exchange offer					8,841
Shares tendered, nominal value					$ 21,271
Tender offer expenses					620
Payments for tender offer expenses					4,423
2024 Notes issued					3,879
Gain/ (Loss) from stock redemption recognized in Retained Earnings					12,568
Dividends cancelled					$ 6,798
Series G Preferred Stock [Member] \| American Depositary Shares [Member]
Class of Stock [Line Items]
Sale of Stock, Number of Shares Issued in Transaction						2,000,000
Preferred Stock, Liquidation Preference Per Share		$ 2,500				$ 2,500
Preferred Stock, Redemption Price Per Share		$ 25				$ 25
Preferred Stock, Dividend Rate, Percentage						8.75%
Series H Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Outstanding		17,682				17,682				17,682
Series H Preferred Stock [Member] \| Exchange program for 66 2/3% shares [Member]
Class of Stock [Line Items]
Number of shares issued for the exchange offer				10,930
Shares tendered, nominal value				$ 26,297
Tender offer expenses				997
Payments for tender offer expenses				4,188
2024 Notes issued				4,747
Gain/ (Loss) from stock redemption recognized in Retained Earnings				16,365
Dividends cancelled				$ 7,678
Series H Preferred Stock [Member] \| American Depositary Shares [Member]
Class of Stock [Line Items]
Sale of Stock, Number of Shares Issued in Transaction						4,800,000
Preferred Stock, Liquidation Preference Per Share		$ 2,500				$ 2,500
Preferred Stock, Redemption Price Per Share		$ 25				$ 25
Preferred Stock, Dividend Rate, Percentage						8.625%
Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Outstanding		24,032				24,032				23,032
Preferred Stock [Member] \| Dividends Undeclared [Member]
Class of Stock [Line Items]
Undeclared preferred dividends						$ 32,909
Series I Preferred Stock [Member] \| Convertible Debenture [Member]
Class of Stock [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion												1,000
Common Stock, Shares, Outstanding		9,133,147				9,133,147					29,754,721
Debt Instrument, Convertible, Conversion Price		$ 3.93				$ 3.93
Preferred Stock, Shares Outstanding		1,000				1,000
Common Stock [Member]
Class of Stock [Line Items]
Common Stock, Shares, Outstanding		25,238,591				25,238,591				25,198,620
Restricted Stock [Member]
Class of Stock [Line Items]
Forfeited shares of common stock		0	56			29		83
Vested units		0	0			37,879		37,879

Other Income/(Expense), Net (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Expense [Member] \| Navios Logistics [Member]
Other (expense)/income - taxes other than income taxes	$ 1,418	$ 1,218	$ 3,002	$ 2,222

Segment Information - Summarized financial information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Revenue	$ 159,221	$ 143,624	$ 287,011	$ 260,575
Interest expense and finance cost, net	(35,343)	(36,170)	(72,908)	(72,370)
Depreciation and amortization	(14,766)	(15,988)	(29,144)	(32,254)
Equity in net earnings of affiliate companies	13,160	12,854	22,958	40,594
Net income/ (loss) attributable to Navios Holdings common stockholders	44,960	24,936	39,960	25,099
Total assets	1,728,332		1,728,332		$ 1,808,778
Goodwill	160,336		160,336		160,336
Investment in affiliate companies	148,384		148,384		125,744
Cash and cash equivalents	46,220		46,220		53,591
Restricted cash	8,726		8,726		$ 84,260
Long-term debt, net (including current and noncurrent portion)	1,291,431		1,291,431
Dry bulk vessels [Member]
Segment Reporting Information [Line Items]
Revenue	90,036	86,053	158,672	149,781
Interest expense and finance cost, net	(19,893)	(21,011)	(42,114)	(42,855)
Depreciation and amortization	(6,640)	(7,917)	(13,072)	(16,714)
Equity in net earnings of affiliate companies	13,160	12,854	22,958	40,594
Net income/ (loss) attributable to Navios Holdings common stockholders	40,870	27,795	36,099	27,694
Total assets	1,115,201	1,156,441	1,115,201	1,156,441
Goodwill	56,240	56,240	56,240	56,240
Capital expenditures	(2,000)	(22,758)	(3,578)	(24,152)
Investment in affiliate companies	148,384	97,351	148,384	97,351
Cash and cash equivalents	8,578	25,689	8,578	25,689
Restricted cash	8,726	10	8,726	10
Long-term debt, net (including current and noncurrent portion)	679,569	927,399	679,569	927,399
Logistics Business [Member]
Segment Reporting Information [Line Items]
Revenue	69,185	57,571	128,339	110,794
Interest expense and finance cost, net	(15,450)	(15,159)	(30,794)	(29,515)
Depreciation and amortization	(8,126)	(8,071)	(16,072)	(15,540)
Equity in net earnings of affiliate companies	0	0	0	0
Net income/ (loss) attributable to Navios Holdings common stockholders	4,090	(2,859)	3,861	(2,595)
Total assets	613,131	672,652	613,131	672,652
Goodwill	104,096	104,096	104,096	104,096
Capital expenditures	(988)	(3,646)	(2,709)	(22,033)
Investment in affiliate companies	0	0	0	0
Cash and cash equivalents	37,642	47,470	37,642	47,470
Restricted cash	0	0	0	0
Long-term debt, net (including current and noncurrent portion)	544,683	549,054	544,683	549,054
Total [Member]
Segment Reporting Information [Line Items]
Revenue	159,221	143,624	287,011	260,575
Interest expense and finance cost, net	(35,343)	(36,170)	(72,908)	(72,370)
Depreciation and amortization	(14,766)	(15,988)	(29,144)	(32,254)
Equity in net earnings of affiliate companies	13,160	12,854	22,958	40,594
Net income/ (loss) attributable to Navios Holdings common stockholders	44,960	24,936	39,960	25,099
Total assets	1,728,332	1,829,093	1,728,332	1,829,093
Goodwill	160,336	160,336	160,336	160,336
Capital expenditures	(2,988)	(26,404)	(6,287)	(46,185)
Investment in affiliate companies	148,384	97,351	148,384	97,351
Cash and cash equivalents	46,220	73,159	46,220	73,159
Restricted cash	8,726	10	8,726	10
Long-term debt, net (including current and noncurrent portion)	$ 1,224,252	$ 1,476,453	$ 1,224,252	$ 1,476,453

Earnings/(Loss) per Common Share - Earnings/Loss per share, basic and diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net income attributable to Navios Holdings common stockholders	$ 44,960	$ 24,936	$ 39,960	$ 25,099
Less:
Declared and undeclared dividend on preferred stock and on unvested restricted shares	(1,284)	(1,284)	(2,561)	(2,561)
Undistributed income attributable to Series I participating preferred shares	(12,451)	0	(9,284)	0
Plus:
Income available to Navios Holdings common stockholders, basic and diluted	$ 31,225	$ 23,652	$ 28,115	$ 22,538
Denominator:
Denominator for basic earnings per share attributable to Navios Holdings common stockholders — weighted average shares	22,654,825	13,127,208	22,643,215	13,120,335
Basic earnings per share attributable to Navios Holdings common stockholders	$ 1.38	$ 1.80	$ 1.24	$ 1.72
Denominator for diluted earnings per share attributable to Navios Holdings common stockholders — weighted average shares	22,848,328	13,511,627	22,845,014	13,508,382
Diluted earnings per share attributable to Navios Holdings common stockholders	$ 1.37	$ 1.75	$ 1.23	$ 1.67

Earnings Per Common Share (Details Narrative) - shares	3 Months Ended		6 Months Ended
Earnings Per Common Share (Details Narrative) - shares	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Common Stock [Member]
Antidilutive Securities Included In Computation of Earnings Per Share, Amount	193,503	384,419	201,799	388,027

Investment in affiliate companies and available-for-sale securities - Summarized financial information of the affiliate companies (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule of Equity Method Investments [Line Items]
Revenue	$ 159,221		$ 143,624		$ 287,011	$ 260,575
Net income	47,278	$ (5,128)	24,545	$ 1,314	42,150	25,859
Navios Partners [Member]
Schedule of Equity Method Investments [Line Items]
Revenue	280,661		152,009		517,278	217,072
Time charter and voyage expenses	(21,718)		(5,869)		(38,861)	(8,364)
Direct vessel expenses	(12,920)		(3,989)		(24,113)	(7,143)
Vessel operating expenses	(73,989)		(41,771)		(147,161)	(64,733)
Net income	$ 118,160		$ 99,913		$ 203,825	$ 236,592

- Definition

The aggregate cost of goods produced and sold and services rendered during the reporting period.

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- Definition

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

+ References

+ 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

Investments in Affiliate Companies and Available-for-Sale Securities (Details Narrative) $ in Thousands		3 Months Ended		6 Months Ended		8 Months Ended	9 Months Ended	12 Months Ended
	Jan. 04, 2021 shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($)	Aug. 25, 2021 shares	Oct. 15, 2021 shares	Dec. 31, 2021 USD ($) shares
Investments in affiliate companies		$ 148,384		$ 148,384				$ 125,744
Equity in net earnings of affiliated companies		13,160	$ 12,854	22,958	$ 40,594
Investment in available-for-sale-securities		$ 220		$ 220				$ 219
Navios Acquisition [Member] \| Navios Acquisition's Ship Mortgage Notes [Member]
Sale of Stock, Number of Shares Issued in Transaction \| shares						44,117,647
Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate						8.125%
Debt Instrument, Maturity Date						Sep. 25, 2021
Navios Partners [Member]
Equity Method Investment, Ownership Percentage		10.30%		10.30%				10.30%
Difference between carrying amount of investment and underlying equity in net assets of equity method investee		$ 54,479		$ 54,479				$ 56,351
Investments in affiliate companies		148,384		148,384				125,744
Equity in net earnings of affiliated companies		13,160	9,125	22,958	38,322
Dividends received		159	128	318	232
Market value of the investment		$ 73,214		$ 73,214
Navios Partners [Member] \| Upon NMCI and NNA Merger [Member]
Partners' Capital Account, Units \| shares		3,183,199		3,183,199
Equity Method Investment, Ownership Percentage		10.30%		10.30%
Navios Acquisition [Member]
Equity in net earnings of affiliated companies		$ 0	3,739	$ 0	1,686
Dividends received				0	243
Shares conversion rate							0.1275
Partners' Capital Account, Units, Acquisitions \| shares							3,388,226
Navios Containers [Member]
Equity in net earnings of affiliated companies				0	596
AFS Securities [Member]
Investment in available-for-sale-securities		220		220				$ 219
Available-for-sale Equity Securities, Gross Unrealized Gain		$ 57	$ 101	$ 2	$ 142
Navios Containers [Member] \| Navios Partners [Member] \| NMCI Merger [Member]
Shares conversion rate	0.39
Common units issued \| shares	8,133,452
Navios Holdings [Member] \| Navios Partners [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest				2.00%
Navios Partners [Member] \| Continuous Offering Program Sales Agreement [Member] \| General Partner [Member]
Partners' Capital Account, Units, Sale of Units \| shares				156,895				156,895
Navios Partners [Member] \| Common Stock [Member] \| Continuous Offering Program Sales Agreement [Member]
Partners' Capital Account, Units, Sale of Units \| shares				7,687,730				7,687,730

Leases - Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases - Lease Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Lease expense	$ 16,812	$ 21,115	$ 33,043	$ 43,457
Drybulk Vessel Operations [Member]
Lease expense	15,514	19,252	30,522	39,850
Logistics Business [Member]
Lease expense	1,298	1,863	2,521	3,607
Chartered-in vessels [Member]
Lease expense	16,527	20,882	32,543	43,018
Chartered-in vessels [Member] \| Drybulk Vessel Operations [Member]
Lease expense	15,514	19,252	30,522	39,850
Chartered-in vessels [Member] \| Logistics Business [Member]
Lease expense	1,013	1,630	2,021	3,168
Land [Member]
Lease expense	165	142	309	282
Land [Member] \| Logistics Business [Member]
Lease expense	165	142	309	282
Building [Member]
Lease expense	120	91	191	157
Building [Member] \| Logistics Business [Member]
Lease expense	$ 120	$ 91	$ 191	$ 157

Leases - Total amount of lease payments on an undiscounted basis (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Chartered-in vessels [Member]
June 30, 2023	$ 80,620
June 30, 2024	46,554
June 30, 2025	28,277
June 30, 2026	18,960
June 30, 2027	10,680
June 30, 2028 and thereafter	25,888
Total	210,979
Operating lease liabilities, including current portion	162,567
Discount based on incremental borrowing rate	48,412
Land [Member]
June 30, 2023	556
June 30, 2024	556
June 30, 2025	556
June 30, 2026	556
June 30, 2027	556
June 30, 2028 and thereafter	21,611
Total	24,391
Operating lease liabilities, including current portion	8,167
Discount based on incremental borrowing rate	16,224
Building [Member]
June 30, 2023	432
June 30, 2024	348
June 30, 2025	62
June 30, 2026	60
June 30, 2027	23
June 30, 2028 and thereafter	0
Total	925
Operating lease liabilities, including current portion	826
Discount based on incremental borrowing rate	$ 99

Leases - Total amount of lease payments (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Leases
June 30, 2023	$ 1,900
June 30, 2024	1,900
June 30, 2025	1,900
June 30, 2026	1,900
June 30, 2027	1,900
June 30, 2028 and thereafter	7,785
Total	$ 17,285

Leases (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
Leases (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021
Lease modification		$ 19,417	$ 0
Finance Lease, Interest Expense	$ 866	866
Finance Lease, Right-of-Use Asset, Amortization	$ 163	163
Repayment of finance lease liability		$ 130	(0)
Charter-in and bareboat contracts [Member] \| Minimum [Member]
Operating lease remaining lease term	1 month 6 days	1 month 6 days
Charter-in and bareboat contracts [Member] \| Maximum [Member]
Operating lease remaining lease term	8 years	8 years
Land lease agreements [Member]
Operating lease remaining lease term	43 years 9 months 18 days	43 years 9 months 18 days
Land lease agreements [Member] \| Minimum [Member] \| Navios Logistics [Member]
Operating lease remaining lease term	43 years 8 months 12 days	43 years 8 months 12 days
Land lease agreements [Member] \| Maximum [Member] \| Navios Logistics [Member]
Operating lease remaining lease term	44 years 1 month 6 days	44 years 1 month 6 days
Office lease agreements [Member]
Operating lease remaining lease term	2 years 6 months	2 years 6 months
Office lease agreements [Member] \| Minimum [Member] \| Navios Logistics [Member]
Operating lease remaining lease term	1 year 3 months 18 days	1 year 3 months 18 days
Office lease agreements [Member] \| Maximum [Member] \| Navios Logistics [Member]
Operating lease remaining lease term	4 years 4 months 24 days	4 years 4 months 24 days
One Previously Chartered In Vessel [Member]
Amount written off			3,952
Gain on sale of vessel			$ 12,541
Charter-in contracts [Member]
Operating lease remaining lease term	4 years 6 months	4 years 6 months
Navios Sky [Member]
Lease modification		$ 19,417
Deposit for acquisition of vessel		2,002
Repayment of finance lease liability		$ 130

Subsequent Events (Details Narrative)	6 Months Ended		7 Months Ended		12 Months Ended
Subsequent Events (Details Narrative)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jul. 31, 2022 USD ($)	Jul. 26, 2022 USD ($)	Dec. 31, 2020 USD ($)	Aug. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Total borrowings	$ 1,291,431,000						$ 1,405,814,000
Proceeds from Sale of Property, Plant, and Equipment	0	$ 137,016,000
Repayments of Debt	77,704,000
Sale Leaseback Transaction, Amount Due under Financing Arrangement	$ 137,802
Sale and Leaseback Agreements $22,000 [Member] \| Subsequent Event [Member]
Sale Leaseback Transaction, Amount Due under Financing Arrangement			$ 22,000,000
Sale and Leaseback Transaction Description			to finance a dry bulk vessel
Drawn down date			third quarter of 2022
Navios Partners [Member]
Number of vessels to be sold				36
Proceeds from Sale of Property, Plant, and Equipment				$ 835,000,000
Number of transaction tranches				two
Navios Partners [Member] \| Tranche A [Member]
Number of vessels to be sold				15
Date of delivery				July 29, 2022
Navios Partners [Member] \| Tranche B [Member]
Number of vessels to be sold				21
Date of delivery				September 8, 2022
Senior Secured 2022 Notes I Member
Total borrowings						$ 80,000,000
NSM Loan [Member]
Repayments of Debt					$ 47,000,000
NSM Loan [Member] \| Navios Partners [Member]
Repayments of Debt				$ 262,632,000
Senior Secured Notes I [Member] \| Navios Partners [Member]
Total borrowings				$ 80,000,000
Maturity Date				August 15, 2022