Discontinued Operations (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Discontinued Operations and Disposal Groups [Abstract] |
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| Discontinued Operations - Memoranda of Agreement for the Sale of 12 Container Vessels(Table) |
Discontinued Operations - Memoranda of Agreement for the Sale of 12 Container Vessels(Table)
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| Name of Vessel |
|
Type |
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Twenty-foot Equivalent Unit (“TEU”) |
|
Memorandum of Agreement Date |
|
Delivery |
| M/V Akadimos |
|
Neo Panamax Container Vessel |
|
9,288 |
|
January 31, 2024 |
|
March 8, 2024 |
| M/V Long Beach Express |
|
Panamax Container Vessel |
|
5,089 |
|
December 15, 2023 |
|
February 26, 2024 |
| M/V Seattle Express |
|
Panamax Container Vessel |
|
5,089 |
|
February 14, 2024 |
|
April 26, 2024 |
| M/V Fos Express |
|
Panamax Container Vessel |
|
5,089 |
|
February 14, 2024 |
|
May 3, 2024 |
| M/V Athenian |
|
Neo Panamax Container Vessel |
|
9,954 |
|
March 1, 2024 |
|
April 22, 2024 |
| M/V Athos |
|
Neo Panamax Container Vessel |
|
9,954 |
|
March 1, 2024 |
|
April 22, 2024 |
| M/V Aristomenis |
|
Neo Panamax Container Vessel |
|
9,954 |
|
March 1, 2024 |
|
May 3, 2024 |
| M/V Hyundai Premium |
|
Neo Panamax Container Vessel |
|
5,023 |
|
September 12, 2024 |
|
November 22, 2024 |
| M/V Hyundai Paramount |
|
Neo Panamax Container Vessel |
|
5,023 |
|
September 12, 2024 |
|
December 20, 2024 |
| M/V Hyundai Prestige |
|
Neo Panamax Container Vessel |
|
5,023 |
|
September 12, 2024 |
|
December 5, 2024 |
| M/V Hyundai Privilege |
|
Neo Panamax Container Vessel |
|
5,023 |
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September 12, 2024 |
|
January 10, 2025 |
| M/V Hyundai Platinum |
|
Neo Panamax Container Vessel |
|
5,023 |
|
September 12, 2024 |
|
March 10, 2025 |
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| Discontinued Operations - Operating Results of the Discontinued Operations (Table) |
Discontinued Operations - Operating Results of the Discontinued Operations (Table)
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|
|
|
|
| |
For the six-month periods ended June 30, |
| |
|
2025 |
|
2024 |
| Revenues |
$ |
2,482 |
$ |
43,913 |
| Expenses / (income), net: |
|
|
|
|
| Voyage expenses |
|
35 |
|
988 |
| Vessel operating expenses |
|
1,065 |
|
11,121 |
| Vessel operating expenses - related party |
|
90 |
|
1,635 |
| Vessel depreciation and amortization |
|
— |
|
8,765 |
| Gain on sale of vessels |
|
(46,213) |
|
(31,602) |
| Operating income, net |
|
47,505 |
|
53,006 |
| Other income / (expense), net: |
|
|
|
|
| Interest expense and finance cost (including $152 to related party, for the six-month period ended June 30, 2024) |
|
(1) |
|
(2,977) |
| Other income, net |
|
242 |
|
126 |
| Total other income / (expense), net |
|
241 |
|
(2,851) |
| Net income from discontinued operations |
$ |
47,746 |
$ |
50,155 |
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| Discontinued Operations - Balance Sheet Information from Discontinued Operations (Table) |
Discontinued Operations - Balance Sheet Information from Discontinued Operations (Table)
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As of June 30, 2025 |
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As of December 31, 2024 |
| Cash and cash equivalents |
$ |
4 |
$ |
38 |
| Trade accounts receivable, net |
|
770 |
|
636 |
| Prepayments and other assets |
|
480 |
|
907 |
| Claims |
|
49 |
|
49 |
| Assets held for sale |
|
— |
|
71,720 |
| Total current assets of discontinued operations |
|
1,303 |
|
73,350 |
| Trade accounts payable |
|
9,741 |
|
3,026 |
| Accrued liabilities |
|
7,013 |
|
12,443 |
| Deferred revenue |
|
— |
|
903 |
| Total current liabilities of discontinued operations |
$ |
16,754 |
$ |
16,372 |
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| Discontinued Operations - Gain on Sale of Vessels(Table) |
Discontinued Operations - Gain on Sale of Vessels(Table)
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| Vessel |
|
Sale price |
|
Carrying value on sale |
|
Other sale expenses |
Gain on sale |
| M/V Hyundai Privilege |
|
60,650 |
|
(35,646) |
|
(1,825) |
|
23,179 |
| M/V Hyundai Platinum |
|
60,650 |
|
(35,791) |
|
(1,825) |
|
23,034 |
| Total |
$ |
121,300 |
$ |
(71,437) |
$ |
(3,650) |
$ |
46,213 |
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