Navios Maritime Holdings Inc
navios.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2022 20-F, filed Mar 28, 2023. Its latest SEC filing is a SC 13G/A from Feb 8, 2024.
20-F for FY2022, filed Mar 28, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Owns a controlling stake in a South American logistics business that provides port, barge and tanker services to agriculture, mining and petroleum customers, plus an interest in a shipping company that transports dry and liquid cargo for charterers.
20-F for FY2022, filed Mar 28, 2023Navios Holdings owns (i) a controlling equity stake in NSAL, one of the largest infrastructure and logistics companies in the Hidrovia…View ↗
Navios Logistics, a consolidated subsidiary of the Company, was incorporated under the laws of the Republic of the Marshall Islands on…View ↗
Navios Partners is an international owner and operator of dry cargo and tanker vessels and is engaged in the seaborne transportation…View ↗
Navios Holdings owns a controlling equity stake in Navios South American Logistics Inc., one of the largest infrastructure and logistics…View ↗
Navios Partners generates revenues by charging its customers for the use of its vessels to transport their dry cargo commodities…View ↗
How Did They Make Money?
Customers pay for cargo voyages and vessel or barge charters, plus port loading, storage and transfer services. Voyage and loading charges are earned over a trip or when loading finishes; charter, storage and capacity fees are earned over their rental or contract periods.
20-F for FY2022, filed Mar 28, 2023Voyage revenues for the transportation of cargo are recognized ratably over the estimated relative transit time of each voyage. A voyage is…View ↗
Revenue from contracts of affreightment (“COA”)/voyage contracts relating to our barges are recognized ratably over the estimated relative…View ↗
Revenues from time-chartering and bareboat chartering of vessels and barges are accounted for as operating leases and are thus recognized…View ↗
Revenues from dry port terminal operations consist of an agreed flat fee per ton and cover the services performed to unload barges (or…View ↗
Revenues from liquid port terminal consist mainly of sales of petroleum products in the Paraguayan market and revenues from liquid port…View ↗
$255.4M
-
20-F for FY2022, filed Mar 28, 2023
$255.4M ↗
| Segment | Share | Revenue |
|---|---|---|
|
COA/Voyage revenue
|
30%
FY2019: 11%
|
COA/Voyage revenue, FY2022
$77.8M Sources
|
|
Time chartering revenue
|
23%
FY2019: 68%
|
Time chartering revenue, FY2022
$59.1M Sources
|
|
Dry Port terminal revenue
|
38%
FY2019: 17%
|
Dry Port terminal revenue, FY2022
$96.3M Sources
|
|
Storage fees (dry port) revenue
|
0.9%
FY2019: 0.7%
|
Storage fees (dry port) revenue, FY2022
$2.2M Sources
|
|
Dockage revenue
|
2.6%
FY2019: 0.9%
|
Dockage revenue, FY2022
$6.6M Sources
|
|
Sale of products revenue
|
2.0%
FY2019: 2.0%
|
Sale of products revenue, FY2022
$5.2M Sources
|
|
Liquid port terminal revenue
|
2.7%
FY2019: 0.8%
|
Liquid port terminal revenue, FY2022
$7M Sources
|
|
Other
|
0.5%
FY2019: 0.2%
|
Other, FY2022
$1.1M Sources
|
Who Were Their Customers?
Navios Logistics serves major international agriculture, mining and oil companies and their affiliates through port and transport services; Navios Partners charters vessels to counterparties.
20-F for FY2022, filed Mar 28, 2023Navios Logistics has a long history of operating in the Hidrovia Region. Navios Logistics has consistent contract renewals and longstanding…View ↗
Navios Partners is an international owner and operator of dry cargo and tanker vessels formed by Navios Holdings. Its vessels are generally…View ↗
Navios Partners generates revenues by charging its customers for the use of its vessels to transport their dry cargo commodities…View ↗
20-F for FY2022, filed Mar 28, 2023
For the year ended December 31, 2022, two customers accounted for 20.9% and 13.4% respectively, of the Company’s revenue from continuing…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 34 cents of every revenue dollar as net income in FY2022.
20-F for FY2022, filed Mar 28, 2023
20-F for FY2022, filed Mar 28, 2023
$87.3MView ↗
How Were They Changing?
Shrank. Revenue fell 49% in 4 years, from $505.7M in FY2018 to $255.4M in FY2022, about 16% a year.
Dry-bulk fleet sale
The older report described Navios Holdings as operating owned and chartered dry-bulk vessels; the latest report says it sold that fleet and centers on its controlling logistics stake and an interest in Navios Partners.
20-F for FY2019, filed Apr 21, 2020 20-F for FY2022, filed Mar 28, 2023The Company operates a fleet of owned Capesize, Panamax, Ultra Handymax and Handysize vessels and a fleet of time chartered Capesize…View ↗
Navios Holdings is a global seaborne shipping and logistics company focused on the transport and transshipment of dry bulk commodities…View ↗
As a result of the Transaction the Company is a holding company owning dry bulk vessels and various investments in entities owning maritime…View ↗
Navios Holdings owns (i) a controlling equity stake in NSAL, one of the largest infrastructure and logistics companies in the Hidrovia…View ↗
In September 2022, Navios Holdings completed the sale of its 36-vessel dry bulk fleet consisting of cash and the assumption of bank debt…View ↗
Navios Holdings owns a controlling equity stake in Navios South American Logistics Inc., one of the largest infrastructure and logistics…View ↗
Who Did They Compete With?
Competes with Montevideo Port, Ontur, TGU, Petropar, Copetrol, TLP, Trafigura, Petrobras, Atria Logistica, Hidrovias do Brasil, Interbarge, and P&O
20-F for FY2022, filed Mar 28, 2023With respect to loading, storage and ancillary services, the market is divided between transits and exports, depending on the cargo origin.…View ↗
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