v3.26.1
Vessels, Net (Tables)
12 Months Ended
Dec. 31, 2025
Vessels, Net [Abstract]  
Vessels, Net
The amounts in the accompanying consolidated balance sheets are analyzed as follows:
 
 
 
December 31,
2025
   
December 31,
2024
 
Cost:
           
Beginning balance
   
610,137
     
511,935
 
- Additions
   
70,231
     
98,202
 
- Disposals
    (28,823 )     -  
Ending balance
   
651,545
     
610,137
 
 
               
Accumulated depreciation:
               
Beginning balance
   
(125,645
)
   
(101,459
)
- Depreciation for the period
   
(29,600
)
   
(24,186
)
- Disposals
    10,242       -  
Ending balance
   
(145,003
)
   
(125,645
)
 
           
 
Net book value
   
506,542
     
484,492