OPERATING LEASES (Tables) |
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Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Committed time charter revenues | A summary for the six months ended June 30, 2025 and 2024 is shown below:
(1) Vessel operating revenue for the six months ended June 30, 2025 includes $3.6 million EUA revenues arising under the time charter agreements with charterers. The EUAs receivable from our charterers, and due to be surrendered to the EU authorities in September 2026, are accounted for within "Other non-current assets" and “Other non-current liabilities", as further described in Note 2 of our Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission (the "SEC") on February 28, 2025. The minimum contractual undiscounted cashflows under non-cancellable operating leases to be received on time charters in respect of our Fleet as of June 30, 2025, were as follows:
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