Borrowings - Credit Facilities (Details Narrative)
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1 Months Ended |
3 Months Ended |
6 Months Ended |
12 Months Ended |
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Jun. 25, 2025
USD ($)
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Jun. 23, 2025
USD ($)
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Jun. 19, 2025
USD ($)
Capacity
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Jun. 18, 2025
USD ($)
Capacity
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Jun. 17, 2025
USD ($)
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Jun. 10, 2025
USD ($)
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Mar. 18, 2025
USD ($)
Capacity
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Dec. 04, 2024
USD ($)
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Nov. 14, 2024
USD ($)
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Sep. 20, 2024
USD ($)
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Sep. 19, 2024
USD ($)
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Apr. 29, 2024
USD ($)
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Jun. 28, 2023
USD ($)
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Jun. 21, 2023
USD ($)
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Jun. 12, 2023
USD ($)
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Apr. 25, 2023
USD ($)
Capacity
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May 09, 2022
USD ($)
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Oct. 31, 2024
USD ($)
Capacity
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Jan. 31, 2023
USD ($)
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Mar. 31, 2025
Capacity
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Jun. 30, 2025
USD ($)
Capacity
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Jun. 30, 2024
Capacity
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Dec. 31, 2024
USD ($)
Capacity
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Jun. 24, 2025
USD ($)
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| Debt Instrument [Line Items] |
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| Vessel capacity in DWT | Capacity |
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7,700
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5,300
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| Amount drawn down |
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$ 1,164,836,000
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$ 1,096,178,000
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| Vessel year built |
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2025
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2024
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| 2006-built Panamax [Member] |
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| Debt Instrument [Line Items] |
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| Vessel capacity in DWT | Capacity |
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76,596
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| Vessel year built |
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2006
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| Vessel type |
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Panamax
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| Total Borrowings [Member] |
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| Debt Instrument [Line Items] |
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| Long-Term Debt |
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$ 2,226,991,000
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| NBG $100,000 million Credit Facility [Member] |
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| Debt Instrument [Line Items] |
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| Line of credit facility, initiation date |
Jun. 25, 2025
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| Amount drawn down |
$ 40,000,000
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| Long-term debt, description |
to refinance the existing indebtedness of 13 of its vessels and for working capital purposes.
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| Amount drawn down |
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40,000,000
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| Line of Credit Facility, Remaining Borrowing Capacity |
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$ 60,000,000
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| Debt instrument, description of variable rate basis |
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SOFR
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| Debt instrument, basis spread on variable rate |
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170.00%
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| Line of credit facility, maximum borrowing capacity |
$ 100,000,000
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| NBG $130,000 million Credit Facility [Member] |
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| Debt Instrument [Line Items] |
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| Line of credit facility, initiation date |
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Sep. 19, 2024
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| Long-term debt, description |
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to refinance the existing indebtedness of six of its vessels (tranche A) and to finance part of the acquisition cost of one Aframax/ LR2 newbuilding tanker vessel (tranche B).
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| Amount drawn down |
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$ 116,185,000
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| Debt instrument, description of variable rate basis |
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SOFR
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| Line of credit facility, maximum borrowing capacity |
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$ 130,000,000
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| NBG $130,000 million Credit Facility [Member] | Tranche A [Member] |
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| Debt Instrument [Line Items] |
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| Amount drawn down |
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$ 81,218,000
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| Debt instrument, basis spread on variable rate |
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175.00%
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| NBG $130,000 million Credit Facility [Member] | Tranche B [Member] |
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| Debt Instrument [Line Items] |
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| Amount drawn down |
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$ 45,000,000
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| Vessel capacity in DWT | Capacity |
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115,812
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| Debt instrument, basis spread on variable rate |
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150.00%
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| BNP Paribas [Member] |
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| Debt Instrument [Line Items] |
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| Line of credit facility, initiation date |
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Jun. 19, 2025
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Jun. 21, 2023
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Jun. 12, 2023
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| Vessel capacity in TEU | Capacity |
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7,900
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| Vessel capacity in DWT | Capacity |
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115,000
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76,596
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| Amount drawn down |
$ 49,893,000
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$ 20,577,000
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| Prepayments of debt |
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$ 7,679,000
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$ 3,990,000
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$ 3,108,000
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| Debt instrument, description of variable rate basis |
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SOFR
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| Line of credit facility, maximum borrowing capacity |
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$ 227,070,000
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$ 107,600,000
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$ 40,000,000
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| BNP Paribas [Member] | Tranche A [Member] |
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| Debt Instrument [Line Items] |
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| Amount drawn down |
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$ 62,500,000
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| Amount drawn down |
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$ 62,500,000
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| Debt instrument, basis spread on variable rate |
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175.00%
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| BNP Paribas [Member] | Tranche B [Member] |
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| Debt Instrument [Line Items] |
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| Debt instrument, basis spread on variable rate |
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150.00%
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| BNP Paribas [Member] | Tranche C [Member] |
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| Debt Instrument [Line Items] |
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| Debt instrument, basis spread on variable rate |
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150.00%
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| CACIB $62,500 million Credit Facility [Member] |
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| Debt Instrument [Line Items] |
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| Line of credit facility, initiation date |
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Jun. 17, 2025
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| Amount drawn down |
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$ 62,500,000
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| Debt instrument, description of variable rate basis |
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SOFR
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| Debt instrument, basis spread on variable rate |
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175.00%
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| Line of credit facility, maximum borrowing capacity |
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$ 62,500,000
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| CACIB $62,400 million Credit Facility [Member] |
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| Debt Instrument [Line Items] |
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| Line of credit facility, initiation date |
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Jun. 28, 2023
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| Vessel capacity in DWT | Capacity |
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82,790
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| Amount drawn down |
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$ 22,113,000
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| Prepayments of debt |
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$ 17,650,000
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$ 3,818,000
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| Line of credit facility, maximum borrowing capacity |
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$ 62,400,000
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| KFW IPEX-BANK GMBH [Member] |
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| Debt Instrument [Line Items] |
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| Line of credit facility, initiation date |
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Mar. 18, 2025
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| Vessel capacity in TEU | Capacity |
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7,900
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| Credit facility is scheduled to mature |
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12 years
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| Long-term debt, description |
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to finance part of the acquisition cost of two newbuilding 7,900 TEU containerships
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| Debt instrument, description of variable rate basis |
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Compounded SOFR
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| Debt instrument, basis spread on variable rate |
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124.00%
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| Line of credit facility, maximum borrowing capacity |
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$ 151,502,000
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| KFW IPEX-BANK GMBH [Member] |
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| Debt Instrument [Line Items] |
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| Line of credit facility, initiation date |
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Apr. 25, 2023
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| Amount drawn down |
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$ 119,434,000
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| Vessel capacity in TEU | Capacity |
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|
|
|
|
|
|
|
7,700
|
|
|
|
|
|
|
|
|
| Amount drawn down |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 165,638,000
|
|
|
|
| Line of Credit Facility, Remaining Borrowing Capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 46,204,000
|
|
|
|
| Debt instrument, description of variable rate basis |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Compounded SOFR
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
150.00%
|
|
|
|
| Line of credit facility, maximum borrowing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 165,638,000
|
|
|
|
|
|
|
|
|
| Hellenic Bank Credit Facility $30,000 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Line of credit facility, initiation date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dec. 04, 2024
|
|
|
|
| Amount drawn down |
|
|
|
|
|
|
|
$ 30,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Vessel capacity in DWT | Capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
57,573
|
|
|
|
| Long-term debt, description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
to refinance the existing indebtedness of four of its vessels.
|
|
|
|
| Amount drawn down |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 24,000,000
|
|
|
|
| Prepayments of debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,750,000
|
|
|
|
| Maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
fourth quarter of 2029
|
|
|
|
| Debt instrument, description of variable rate basis |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SOFR
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
175.00%
|
|
|
|
| Vessel year built |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2009
|
|
|
|
| Vessel type |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
transhipper
|
|
|
|
| Sales commitment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 7,400,000
|
|
|
|
| Hellenic Bank Credit Facility $30,000 [Member] | 2006-built Panamax [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Vessel capacity in DWT | Capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
76,596
|
|
|
|
| Vessel year built |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2006
|
|
|
|
| Vessel type |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Panamax
|
|
|
|
| Hellenic Bank Credit Facility $25,235 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Line of credit facility, initiation date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
May 09, 2022
|
|
|
|
| Vessel capacity in TEU | Capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,741
|
|
|
|
| Long-term debt, description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
to refinance the existing indebtedness of five of its vessels and for working capital purposes.
|
|
|
|
|
|
|
|
| Amount drawn down |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 9,000,000
|
|
|
|
| Prepayments of debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,700,000
|
|
$ 1,350,000
|
|
|
|
| Maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
second quarter of 2027
|
|
|
|
| Debt instrument, description of variable rate basis |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SOFR
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.50%
|
|
|
|
| Line of credit facility, maximum borrowing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 25,235,000
|
|
|
|
|
|
|
|
| Vessel year built |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2007
|
|
|
|