Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Entities included in the consolidation

 

  

 

  

Ownership

 

 

Country of

  

Statement of Operations

Company Name

  

Nature

  

Interest

 

 

Incorporation

  

2019

  

2018

  

2017

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.

  

1/1 – 8/29

  

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 - 8/29

  

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 – 8/29

  

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 - 8/29

  

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

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

Rondine Management Corp.

 

Vessel Owning Company

 

 

100

%

 

Marshall Is.

 

3/22 - 12/31

 

—  

 

—  

Vernazza Shiptrade Inc.

 

Operating Company

 

 

100

%

 

Marshall Is.

 

9/25-12/31

 

—  

 

—  

Navios Corporation Management Inc.

 

Operating Company

 

 

100

%

 

Marshall Is.

 

7/4 -8/29

 

—  

 

—  

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

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

Triangle Shipping Corporation

  

Vessel Owning Company

  

 

100

% 

 

Marshall Is.

  

—  

  

1/1 - 8/30

  

1/1 - 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

  

1/1 - 12/31

Alpha Merit Corporation

  

Sub-Holding Company

  

 

100

% 

 

Marshall Is.

  

1/1 - 12/31

  

1/1 - 12/31

  

11/3 - 12/31

Thalassa Marine S.A.

  

Operating Company

  

 

100

% 

 

Marshall Is.

  

1/1 - 12/31

  

1/1 - 12/31

  

12/15 - 12/31

Asteroid Shipping S.A.

  

Operating Company

  

 

100

% 

 

Marshall Is.

  

1/1 - 12/31

  

1/12 - 12/31

  

—  

Cloud Atlas Marine S.A.

  

Operating Company

  

 

100

% 

 

Marshall Is.

  

1/1 - 12/31

  

1/15 - 12/31

  

—  

Heodor Shipping Inc.

  

Vessel Owning Company

  

 

100

% 

 

Marshall Is.

  

1/1 - 12/31

  

2/13 - 12/31

  

—  

Navios Maritime Containers GP LLC

  

Operating Company

  

 

100

% 

 

Marshall Is.

  

1/1 - 8/29

  

9/11 - 12/31

  

—  

Navios Containers Management Inc.

  

Management Company

  

 

100

% 

 

Marshall Is.

  

1/1 - 8/29

  

1/1 - 12/31

  

—  

Pacifico Navigation Corp.

  

Vessel Owning Company

  

 

100

% 

 

Marshall Is.

  

1/1 - 12/31

  

11/7 - 12/31

  

—  

Rider Shipmanagement Inc.

  

Operating Company

  

 

100

% 

 

Marshall Is.

  

1/1 - 12/31

  

12/4 - 12/31

  

—  

Talia Shiptrade S.A.

  

Operating Company

  

 

100

% 

 

Marshall Is.

  

1/1 - 12/31

  

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

 

 
Revenue per category

 

 

Dry Bulk Vessel Operations for the
Year Ended
December 31, 2019

 

Logistics Business
for the
Year Ended
December 31, 2019

 

Containers Business
for the
Year Ended
December 31, 2019

 

Dry Bulk Vessel Operations
for the
Year Ended
December 31, 2018

 

Logistics Business
for the
Year Ended
December 31, 2018

 

Containers Business
for the
Year Ended
December 31, 2018

 

Dry Bulk Vessel Operations
for the
Year Ended
December 31, 2017

 

Logistics Business
for the
Year Ended
December 31, 2017

COA/Voyage revenue

$

3,727

$

49,488

$

— 

$

19,121

$

35,623

$

— 

$

38,273

$

42,455

Time chartering revenue

 

250,187

 

76,680

 

89,925

 

278,591

 

72,689

 

12,053

 

199,945

 

84,063

Pooling arrangements revenue

 

— 

 

— 

 

— 

 

— 

 

— 

 

— 

 

8,025

 

— 

Profit sharing revenue

 

— 

 

— 

 

— 

 

(52)

 

— 

 

— 

 

3,205

 

— 

Port terminal revenue

 

— 

 

80,180

 

— 

 

— 

 

58,552

 

— 

 

— 

 

43,984

Storage fees (dry port) revenue

 

— 

 

3,452

 

— 

 

— 

 

882

 

— 

 

— 

 

1,974

Dockage revenue

 

— 

 

4,310

 

— 

 

— 

 

3,136

 

— 

 

— 

 

4,497

Sale of products revenue

 

— 

 

9,384

 

— 

 

— 

 

32,508

 

— 

 

— 

 

32,572

Liquid port terminal revenue

 

— 

 

4,032

 

— 

 

— 

 

3,739

 

— 

 

— 

 

2,841

Other

 

264

 

745

 

— 

 

392

 

505

 

— 

 

985

 

230

Total

$

254,178

$

228,271

$

89,925

$

298,052

$

207,634

$

12,053

$

250,433

$

212,616