Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Reconciliation of cash and cash equivalents and restricted cash

 

  

December 31,

 

December 31,

 

December 31,

2018

2017

2016

Reconciliation of cash and cash equivalents and restricted cash:

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

137,882

 

 

127,632

 

 

135,992

Restricted cash

 

 

12,892

 

 

6,558

 

 

5,386

Total cash and cash equivalents and restricted cash

 

$

150,774

 

$

134,190

 

$

141,378

 
Entities included in the consolidation

 

  

 

  

 

 

 

 

 

  

Statement of Operations

 

Company Name

  

Nature

  

Ownership

Interest

 

 

Country of

Incorporation

 

  

2018

 

  

2017

 

  

2016

 

Navios Maritime Holdings Inc.

  

Holding Company

  

 

 

 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Navios South American Logistics Inc.

 

Sub-Holding Company

 

 

63.8

%

 

 

Marshall Is.

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Navios Maritime Containers L.P.

 

Holding Company

 

 

3.7

%

 

 

Marshall Is.

 

 

 

11/30 - 12/31

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Navios Corporation

  

Sub-Holding Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Navios International Inc.

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Navimax Corporation

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Navios Handybulk Inc.

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Hestia Shipping Ltd

  

Operating Company

  

 

100

% 

 

 

Malta

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Anemos Maritime Holdings Inc.

  

Sub-Holding Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Navios Shipmanagement Inc.

  

Management Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

NAV Holdings Limited

  

Sub-Holding Company

  

 

100

% 

 

 

Malta

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Kleimar N.V.

  

Operating Company/

Vessel Owning Company/

Management Company

  

 

100

% 

 

 

Belgium

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Kleimar Ltd.

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Bulkinvest S.A.

  

Operating Company

  

 

100

% 

 

 

Luxembourg

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Primavera Shipping Corporation

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Ginger Services Co.

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Aquis Marine Corp.

  

Sub-Holding Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Navios Tankers Management Inc.

  

Management Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Astra Maritime Corporation

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Achilles Shipping Corporation

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Apollon Shipping Corporation

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Herakles Shipping Corporation

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Hios Shipping Corporation

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

Statement of Operations

 

Company Name

  

Nature

 

Ownership

Interest

 

 

Country of

Incorporation

 

 

2018

 

 

2017

 

 

2016

 

Ionian Shipping Corporation

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Kypros Shipping Corporation

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Meridian Shipping Enterprises Inc.

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Mercator Shipping Corporation

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Arc Shipping Corporation

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Horizon Shipping Enterprises Corporation

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Magellan Shipping Corporation

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Aegean Shipping Corporation

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Star Maritime Enterprises Corporation

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Corsair Shipping Ltd.

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Rowboat Marine Inc.

  

Operating Company

  

 

100

% 

 

 

Marshall Is

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Beaufiks Shipping Corporation

  

Operating Company

  

 

100

% 

 

 

Marshall Is

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Nostos Shipmanagement Corp.

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Portorosa Marine Corp.

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Shikhar Ventures S.A.

  

Vessel Owning Company

  

 

100

% 

 

 

Liberia

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Sizzling Ventures Inc.

  

Operating Company

  

 

100

% 

 

 

Liberia

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Rheia Associates Co.

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Taharqa Spirit Corp.

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Rumer Holding Ltd.

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Pharos Navigation S.A.

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Pueblo Holdings Ltd

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Quena Shipmanagement Inc.

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Aramis Navigation Inc.

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

White Narcissus Marine S.A.

  

Vessel Owning Company

  

 

100

% 

 

 

Panama

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Navios GP L.L.C.

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Red Rose Shipping Corp.

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

Statement of Operations

 

Company Name

  

Nature

 

Ownership

Interest

 

 

Country of

Incorporation

 

 

2018

 

 

2017

 

 

2016

 

Highbird Management Inc.

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Ducale Marine Inc.

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Vector Shipping Corporation

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Faith Marine Ltd.

  

Vessel Owning Company

  

 

100

% 

 

 

Liberia

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Navios Maritime Finance (US) Inc.

  

Operating Company

  

 

100

% 

 

 

Delaware

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Navios Maritime Finance II (US) Inc.

  

Operating Company

  

 

100

% 

 

 

Delaware

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Tulsi Shipmanagement Co.

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Cinthara Shipping Ltd.

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Rawlin Services Company

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Mauve International S.A.

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Serenity Shipping Enterprises Inc.

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Mandora Shipping Ltd

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Solange Shipping Ltd.

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Diesis Ship Management Ltd

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Navios Holdings Europe Finance Inc.

  

Sub-Holding Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Navios Asia LLC

  

Sub-Holding Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Iris Shipping Corporation

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Jasmine Shipping Corporation

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Emery Shipping Corporation

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Lavender Shipping Corporation

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Esmeralda Shipping Corporation

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 8/30

 

 

 

1/1 - 12/31

 

 

 

1/12 - 12/31

 

Triangle Shipping Corporation

  

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 8/30

 

 

 

1/1 - 12/31

 

 

 

1/12 - 12/31

 

Roselite Shipping Corporation

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Smaltite Shipping Corporation

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

Motiva Trading Ltd

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

1/1 - 12/31

 

 

 

11/2 - 12/31

 

Alpha Merit Corporation

  

Sub-Holding Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

11/3 - 12/31

 

 

 

—

 

Thalassa Marine S.A.

  

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

12/15 - 12/31

 

 

 

—

 

Asteroid Shipping S.A.

 

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/12 - 12/31

 

 

 

—

 

 

 

—

 

Cloud Atlas Marine S.A.

 

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/15 - 12/31

 

 

 

—

 

 

 

—

 

Heodor Shipping Inc.

 

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

2/13 - 12/31

 

 

 

—

 

 

 

—

 

Navios Maritime Containers GP LLC

 

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

9/11 - 12/31

 

 

 

—

 

 

 

—

 

Navios Containers Management Inc.

 

Management Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

1/1 - 12/31

 

 

 

—

 

 

 

—

 

Pacifico Navigation Corp.

 

Vessel Owning Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

11/7 - 12/31

 

 

 

—

 

 

 

—

 

Rider Shipmanagement Inc.

 

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

12/4 - 12/31

 

 

 

—

 

 

 

—

 

Talia Shiptrade S.A.

 

Operating Company

  

 

100

% 

 

 

Marshall Is.

 

  

 

10/11 - 12/31

 

 

 

—

 

 

 

—

 

 
Depreciation rates

 

 

 

Dry bulk vessels

  

25 years

Container vessels

 

30 years

Port terminals

  

5 to 49 years

Tanker vessels, barges and pushboats

  

15 to 45 years

Furniture, fixtures and equipment

  

3 to 10 years

Computer equipment and software

  

5 years

Leasehold improvements

  

shorter of lease term or 6 years

 
Finite lived acquired intangible assets

 

 

 

 

 

Intangible assets

  

Years

 

Trade name

  

 

32

 

Favorable lease terms

  

 

1

 

Port terminal operating rights

  

 

47

 

Customer relationships

  

 

20