Disposal Groups, Including Discontinued Operations [Table Text Block] |
| | December 31, 2024 | |
CURRENT ASSETS: | | | | |
Cash and cash equivalents | | $ | 47,754 | |
Restricted cash | | | 941 | |
Margin deposits | | | 45,221 | |
Accounts receivable, net | | | 39,646 | |
Inventories | | | 44,500 | |
Due from related parties | | | 7,014 | |
Fair value of derivatives | | | 197 | |
Insurance claims receivable | | | 2,842 | |
Prepayments and other assets | | | 49,795 | |
Total current assets of discontinued operations | | $ | 237,910 | |
| | | | |
FIXED ASSETS, NET: | | | | |
Vessels and advances, net | | $ | 671,844 | |
Fixed assets of discontinued operations | | $ | 671,844 | |
| | | | |
NON-CURRENT ASSETS: | | | | |
Accounts receivable, net, non-current | | $ | 1,610 | |
Deferred charges, net | | | 19,119 | |
Due from related parties, non-current | | | 1,050 | |
Fair value of derivatives, non-current | | | 147 | |
Restricted cash, non-current | | | 9,236 | |
Operating leases, right-of-use assets | | | 297,975 | |
Total non-current assets of discontinued operations | | $ | 329,137 | |
| | | | |
| | | | |
CURRENT LIABILITIES: | | | | |
Current portion of long-term debt, net of deferred financing costs | | $ | 30,505 | |
Accounts payable | | | 41,477 | |
Due to related parties | | | 5,319 | |
Operating lease liabilities, current portion | | | 205,172 | |
Accrued liabilities | | | 11,213 | |
Unearned revenue | | | 22,911 | |
Fair value of derivatives | | | 14,465 | |
Other current liabilities | | | 3,905 | |
Total current liabilities of discontinued operations | | $ | 334,967 | |
| | | | |
| | | | |
NON-CURRENT LIABILITIES: | | | | |
Long-term debt, net of current portion and deferred financing costs | | $ | 305,724 | |
Operating lease liabilities, non-current portion | | | 87,424 | |
Fair value of derivatives, non-current portion | | | 5,174 | |
Total non-current liabilities of discontinued operations | | $ | 398,322 | |
| | Six-month period ended June 30, 2024 | | | From the period from January 1, 2025 to May 6, 2025 | |
REVENUES: | | | | | | | | |
Voyage revenue | | $ | 520,332 | | | $ | 239,719 | |
Voyage revenue – related parties | | | 31,776 | | | | 87,683 | |
Total voyage revenue | | | 552,108 | | | | 327,402 | |
EXPENSES: | | | | | | | | |
Voyage expenses | | | (172,271 | ) | | | (107,383 | ) |
Charter-in hire expenses | | | (308,557 | ) | | | (166,506 | ) |
Voyage expenses-related parties | | | (2,203 | ) | | | (3,765 | ) |
Vessels’ operating expenses | | | (41,372 | ) | | | (27,165 | ) |
General and administrative expenses | | | (3,919 | ) | | | (8,950 | ) |
Management and agency fees-related parties | | | (15,102 | ) | | | (10,760 | ) |
Amortization of dry-docking and special survey costs | | | (2,984 | ) | | | (2,337 | ) |
Depreciation | | | (17,980 | ) | | | (14,044 | ) |
Gain / (loss) on sale of vessels, net | | | 3,422 | | | | (4,669 | ) |
Loss on vessel held for sale | | | (2,308 | ) | | | (1,579 | ) |
Vessel impairment loss | | | - | | | | (179 | ) |
Foreign exchange gains | | | 46 | | | | 219 | |
Operating loss | | | (11,120 | ) | | | (19,716 | ) |
OTHER INCOME / (EXPENSES): | | | | | | | | |
Interest income | | | 1,021 | | | | 239 | |
Interest and finance costs | | | (11,889 | ) | | | (7,313 | ) |
Other, net | | | 868 | | | | (47 | ) |
Gain /(loss) on derivative instruments, net | | | 24,996 | | | | (710 | ) |
Total other income / (expenses), net | | | 14,996 | | | | (7,831 | ) |
Net income / (loss) from discontinued operations | | $ | 3,876 | | | $ | (27,547 | ) |
|