Leases (Tables)

6 Months Ended

Jun. 30, 2025

Leases - Operating Leases

The table below provides the total amount of lease payments for the next five 12-month periods ending June 30 on an undiscounted basis on the Company’s chartered-in contracts as of June 30, 2025:


Period		Amount
2026		$	38,340
2027			37,891
2028			37,312
2029			36,632
2030			34,769
2031 and thereafter			96,491
Total		$	281,435
Operating lease liabilities, including current portion		$	228,098
Discount based on incremental borrowing rate		$	53,337

Leases - Finance Leases

The table below provides the total amount of lease payments and options to acquire vessels for the next five 12-month periods ending June 30 on an undiscounted basis under the Company’s finance leases as of June 30, 2025:


Period		Amount
2026		$	36,753
2027			36,307
2028			35,997
2029			35,557
2030			75,707
2031 and thereafter			235,839
Total		$	456,160
Finance lease liabilities, including current portion (see Note 6 – Borrowings)		$	317,447
Discount based on incremental borrowing rate		$	138,713