v3.25.2
Accrued expenses
6 Months Ended
Jun. 30, 2025
Accrued expenses  
Accrued expenses

19)Accrued expenses

The following table presents accrued expenses as of June 30, 2025 and December 31, 2024:

(U.S. Dollars in thousands)

    

At June 30, 2025

At December 31, 2024

    

Operating expenses

$

2,928

$

3,629

Interest expenses

 

4,969

 

4,936

EU ETS current liability (1)

4,075

Other expenses

 

6,455

 

2,900

Total accrued expenses

$

18,427

$

11,465

(1)The EUs Emission Trading Systems (EU ETS) require that companies are responsible for surrendering CO2 quotas (EU Allowances, EUA’s) to the authorities. EU ETS and the total EUA follows the consumption of bunkers, and the cost is treated like cost of bunkers when vessel is off-hire, i.e., EU-ETS/EUA is the owners’ cost when the vessel is off hire. EU-ETS/EUA is also owners’ cost for vessels operating in the spot market.