Vessels in Operation (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Property, Plant and Equipment [Abstract] |
|
| Vessels in Operation - Schedule of Vessels in Operation (Table) |
Vessels in Operation - Schedule of Vessels in Operation (Table)
| |
|
|
|
|
|
| |
Vessel
Gross Cost,
as adjusted for impairment charges |
|
Accumulated
Depreciation |
|
Net
Book Value |
| As of January 1, 2023 |
$ |
1,886,158 |
|
$ |
(262,851) |
|
$ |
1,623,307 |
| Additions |
138,802 |
|
— |
|
138,802 |
| Depreciation |
— | |
(72,443) |
|
(72,443) |
| Impairment
loss |
(25,544) |
|
6,714 |
|
(18,830) |
| Disposals |
(6,803) |
|
68 |
|
(6,735) |
| As of December 31, 2023 |
$ |
1,992,613 |
|
$ |
(328,512) |
|
$ |
1,664,101 |
| |
|
|
|
|
|
|
|
|
| Additions |
|
296,242 |
|
|
— |
|
|
296,242 |
| Depreciation |
|
— |
|
|
(75,703) |
|
|
(75,703) |
| As of December 31, 2024 |
$ |
2,288,855 |
|
$ |
(404,215) |
|
$ |
1,884,640 |
| |
|
|
|
|
|
|
|
|
| Additions |
|
203,314 |
|
|
— |
|
|
203,314 |
| Depreciation |
|
— |
|
|
(91,906) |
|
|
(91,906) |
| Disposals |
|
(61,111) |
|
|
27,951 |
|
|
(33,160) |
| As of December 31, 2025 |
$ |
2,431,058 |
|
$ |
(468,170) |
|
$ |
1,962,888 |
|
| Vessels in Operation - Vessels Acquisitions 2025 (Table) |
Vessels
in Operation - Vessels Acquisitions 2025 (Table)
| Name |
Year
Built |
Purchase
Price |
Delivery
date |
| Koi (*) |
8,586 |
2011 |
$30,000 |
December
29, 2025 |
| Lotus
A (*) |
8,586 |
2010 |
$30,000 |
December
12, 2025 |
| (*) |
The charters of the two ECO 8,586
TEU Vessels resulted in an intangible liability of $38,122 that was recognized and will be amortized over the remaining useful life
of the charters. |
In
January 2025, the Company took delivery of the fourth high-reefer ECO 9,019 TEU Vessel as per below:
| Name |
Year
Built |
Purchase
Price |
Delivery
date |
| Czech (*) |
9,019 |
2015 |
$68,391 |
January
9, 2025 |
| (*) |
The charter of the fourth high-reefer
ECO 9,019 TEU Vessels resulted in an intangible liability of $15,987 that was recognized and is being amortized over the remaining
useful life of the charter. As of December 31, 2024, the Company had paid $6,850 advance for this vessel acquisition. |
|
| Vessels in Operation - Vessels Acquisitions 2024 (Table) |
Vessels
in Operation - Vessels Acquisitions 2024 (Table)
| Name |
Year
Built |
Purchase
Price |
Delivery
date |
| Sydney
Express (*) |
9,019 |
2016 |
$68,500 |
December
6, 2024 |
| Istanbul
Express (*) |
9,019 |
2016 |
$68,500 |
December
11, 2024 |
| Bremerhaven
Express (*) |
9,019 |
2015 |
$68,500 |
December
30, 2024 |
| (*) |
The charters of the three high-reefer
ECO 9,019 TEU Vessels resulted in an intangible liability of $49,295 that was recognized and will be amortized over the remaining useful
life of the charters. |
|
| Vessels in Operation - Vessels Acquisitions 2023 (Table) |
Vessels in Operation - Vessels Acquisitions 2023 (Table)
| Name |
Year
Built |
Purchase
Price |
Delivery
date |
| GSL
Alexandra | 8,544 |
2004 |
$30,000 |
June
2, 2023 |
| GSL
Sofia |
8,544 |
2003 |
$30,000 |
May
22, 2023 |
| GSL
Effie |
8,544 |
2003 |
$30,000 |
May
30, 2023 |
| GSL
Lydia | 8,544 |
2003 |
$33,300 |
June
26, 2023 |
|