11. Interest expense and finance costs | | | | | | | | | For the years ended December 31 | In thousands of U.S. Dollars | | 2025 | | 2024 | | 2023 | Interest incurred – debt | | 5,105 | | 4,140 | | 8,033 | Interest incurred – finance leases | | — | | 1,500 | | 3,718 | Amortization of deferred finance fees | | 1,007 | | 1,138 | | 1,237 | Interest rate swaps | | — | | — | | (1,580) | | | 6,112 | | 6,778 | | 11,408 | | | | | | | | | | For the years ended December 31 | In thousands of U.S. Dollars | | 2025 | | 2024 | | 2023 | Loss on extinguishment of debt | | 469 | | — | | — | Gain on extinguishment of finance leases | | — | | (1,432) | | | | | 469 | | (1,432) | | — |
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