Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases - Operating Leases

The table below provides the total amount of lease payments for the next five years on an undiscounted basis on the Company’s chartered-in contracts as of December 31, 2025:


Period		Amount
2026		$	38,251
2027			37,463
2028			36,981
2029			35,756
2030			34,639
2031 and thereafter			79,040
Total		$	262,130
Operating lease liabilities, including current portion		$	214,996
Discount based on incremental borrowing rate		$	47,134

Leases - Finance Leases

The table below provides the total amount of lease payments and options to acquire vessels for the next five years on an undiscounted basis under the Company’s finance leases as of December 31, 2025:


Period		Amount
2026		$	65,634
2027			33,296
2028			33,172
2029			49,248
2030			28,894
2031 and thereafter			254,738
Total		$	464,982
Finance lease liabilities, including current portion (see Note 10 – Borrowings)		$	329,860
Discount based on incremental borrowing rate		$	135,122