Navios Maritime Partners L.P. Files 2024 Annual Report

Ticker: NMM · Form: 20-F · Filed: 2025-03-28T00:00:00.000Z

Sentiment: neutral

Topics: annual-report, shipping, maritime

TL;DR

Navios Maritime Partners L.P. dropped its 2024 20-F. Check it for shipping ops and financials.

AI Summary

Navios Maritime Partners L.P. filed its 20-F for the fiscal year ending December 31, 2024. The filing details the company's operations in deep-sea foreign transportation of freight. Key entities mentioned include Taurus Marine Corporation and Ziggy Shipping Limited, with specific dates like June 10, 2021, and periods such as Q3 2023 and the full year 2024 being referenced in relation to various assets and contracts.

Why It Matters

This filing provides investors with a comprehensive overview of Navios Maritime Partners L.P.'s financial performance and operational activities for the past fiscal year, crucial for assessing the company's health and future prospects in the shipping industry.

Risk Assessment

Risk Level: medium — The shipping industry is inherently volatile due to global economic conditions, geopolitical events, and fluctuating charter rates, posing significant risks to companies like Navios Maritime Partners L.P.

Key Numbers

2024 — Fiscal Year (Reporting period for the 20-F filing)
1231 — Fiscal Year End (Indicates the end of the reporting period)
20250328 — Filing Date (Date the 20-F was submitted to the SEC)

Key Players & Entities

Navios Maritime Partners L.P. (company) — Filer of the 20-F
Taurus Marine Corporation (company) — Mentioned in relation to operations
Ziggy Shipping Limited (company) — Mentioned in relation to operations
Navios Alegria A (company) — Financial Liabilities Member
Navios Amitie Navios Star I (company) — Bareboat Charter In Contract Member
2024-12-31 (date) — Fiscal Year End
2021-06-10 (date) — Contract Date

FAQ

What is the primary business of Navios Maritime Partners L.P.?

Navios Maritime Partners L.P. is engaged in the deep-sea foreign transportation of freight, as indicated by its Standard Industrial Classification code [4412].

When is the fiscal year end for Navios Maritime Partners L.P.?

The fiscal year end for Navios Maritime Partners L.P. is December 31 (1231).

What is the filing date of this 20-F?

This 20-F filing was made on March 28, 2025 (20250328).

What are some specific entities or contracts mentioned in the filing?

The filing mentions entities such as Taurus Marine Corporation and Ziggy Shipping Limited, and contracts like the Bareboat Charter In Contract for Navios Amitie Navios Star I dated June 10, 2021.

Where is Navios Maritime Partners L.P. incorporated?

Navios Maritime Partners L.P. is incorporated in state code 1T.

From the Filing

0000950170-25-046904.txt : 20250328 0000950170-25-046904.hdr.sgml : 20250328 20250328170050 ACCESSION NUMBER: 0000950170-25-046904 CONFORMED SUBMISSION TYPE: 20-F PUBLIC DOCUMENT COUNT: 121 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250328 DATE AS OF CHANGE: 20250328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Navios Maritime Partners L.P. CENTRAL INDEX KEY: 0001415921 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] ORGANIZATION NAME: 01 Energy & Transportation EIN: 980384348 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 20-F SEC ACT: 1934 Act SEC FILE NUMBER: 001-33811 FILM NUMBER: 25787415 BUSINESS ADDRESS: STREET 1: 7 AVENUE DE GRANDE BRETAGNE, OFFICE 11B2 CITY: MONTE CARLO, MC STATE: O9 ZIP: 98000 BUSINESS PHONE: 37797982140 MAIL ADDRESS: STREET 1: 7 AVENUE DE GRANDE BRETAGNE, OFFICE 11B2 CITY: MONTE CARLO, MC STATE: O9 ZIP: 98000 20-F 1 nmm-20241231.htm 20-F 20-F 0001415921 false FY http://fasb.org/us-gaap/2024#RelatedPartyMember http://fasb.org/us-gaap/2024#RelatedPartyMember http://fasb.org/us-gaap/2024#RelatedPartyMember http://fasb.org/us-gaap/2024#RelatedPartyMember http://www.navios-mlp.com/20241231#ChairwomanAndChiefExecutiveOfficerMember http://fasb.org/us-gaap/2024#Revenues http://fasb.org/us-gaap/2024#Revenues http://fasb.org/us-gaap/2024#Revenues 0001415921 nmm:FinancialLiabilitiesMember nmm:NaviosAlegriaAMember 2024-12-31 0001415921 nmm:BareboatCharterInContractMember nmm:NaviosAmitieNaviosStarIMember 2021-06-10 0001415921 nmm:ContainershipsMember 2024-12-31 0001415921 nmm:TaurusMarineCorporationMember 2024-01-01 2024-12-31 0001415921 nmm:FourAframaxLR2NewbuildingScrubberFittedTankerVesselsMember 2023-07-01 2023-09-30 0001415921 nmm:ZiggyShippingLimitedMember 2024-01-01 2024-12-31 0001415921 2023-02-05 2023-02-05 0001415921 nmm:AccumutaledAmortizationMember 2023-01-01 2023-12-31 0001415921 nmm:FelicityShippingCorporationMember 2024-01-01 2024-12-31 0001415921 nmm:SolangeShippingLtd.Member 2024-01-01 2024-12-31 0001415921 nmm:OwnedVesselsMember nmm:AccumulatedDepreciationMember 2023-12-31 0001415921 nmm:NaviosMaritimeOperatingLLC.Member 2024-01-01 2024-12-31 0001415921 nmm:PingelNavigationLimitedMember 2024-01-01 2024-12-31 0001415921 us-gaap:FairValueInputsLevel1Member 2023-12-31 0001415921 nmm:AmaryllisShippingIncMember 2024-01-01 2024-12-31 0001415921 us-gaap:RestrictedStockUnitsRSUMember 2023-01-01 2023-12-31 0001415921 nmm:UponAcquisitionOfNaviosHoldingsMember 2022-07-26 0001415921 nmm:TwoNewbuildingJapaneseMR2ProductTankerVesselsBMember 2023-08-01 2023-08-31 0001415921 2023-01-01 2023-08-31 0001415921 nmm:NBGCreditFacilityMember 2024-12-31 0001415921 nmm:TimeCharteringAndBareboatCharteringMember 2022-01-01 2022-12-31 0001415921 nmm:AccumulatedDepreciationMember 2024-12-31 0001415921 nmm:AnafiShippingCorporationMember 2024-01-01 2024-12-31 0001415921 nmm:AsteroidShippingSAMember 2024-01-01 2024-12-31 0001415921 nmm:NaviosHorizonMember nmm:FinancialLiabilitiesMember 2023-10-31 0001415921 nmm:MinshegFinancialLeasingCo119MMember nmm:UponCompletionOfTheNMCIMergerMember 2022-01-01 2022-09-30 0001415921 nmm:NaviosMaritimePartnersL.P.Member 2024-01-01 2024-12-31 0001415921 nmm:SaleLeasebackTransaction12Member nmm:UponAcquisitionOfNaviosHoldingsMember 2021-12-31 0001415921 nmm:VoyageContractsMember 2022-01-01 2022-12-31 0001415921 nmm:FirstTargetDistributionMember nmm:IncentiveDistributionRightHolderMember 2024-01-01 2024-12-31 0001415921 nmm:KFWIPEXBANKCreditFacilityOneMember 2024-12-31 0001415921 nmm:ZonerShiptradeSAMember 2024-01-01 2024-12-31 0001415921 nmm:FinanceLeaseLiabilitiesMember nmm:NaviosAltairAMember 2023-03-29 0001415921 nmm:ThasosShippingCorporationMember 2024-01-01 2024-12-31 0001415921 nmm:PartnersOmnibusAgreementMember 2024-01-01 2024-12-31 0001415921 nmm:FourAframaxLR2NewbuildingTankerVesselsMember 2022-04-01 2022-04-30 0001415921 nmm:BareboatCharterInContractMember nmm:NaviosLibraIMember 2017-12-31 0001415921 nmm