v3.26.1
Vessel Revenue and Voyage Expenses (Tables)
12 Months Ended
Dec. 31, 2025
Vessel Revenue and Voyage Expenses [Abstract]  
Revenue from Spot Charters and Time Charters
The following table presents the Company’s statements of income figures derived from spot charters and time charters for the years ended December 31, 2025, 2024 and 2023:

   
2025
   
2024
   
2023
 
Vessel revenues from spot charters, net of commissions
   
3,030
     
-
     
-
 
Vessel revenues from time charters, net of commissions
   
152,489
     
164,881
     
107,036
 
Total
   
155,519
     
164,881
     
107,036
 
Revenue from Charterers
Charterers individually accounting for more than 10% of revenues during the years ended December 31, 2025, 2024 and 2023 were:

Customer
 
2025
    2024
    2023
 
A
   
32
%
   
34
%
   
28
%
B
   
20
%
   
22
%
   
25
%
C
   
17
%
   
-
     
-
 
D
   
13
%
   
12
%
   
18
%
E
    -       -       12 %
Total
   
82
%
   
68
%
   
83
%
Voyage Expenses from Spot Charters and Time Charters
The following table presents the Company’s statements of income figures derived from spot charters and time charters for the years ended December 31, 2025, 2024 and 2023:

   
2025
   
2024
   
2023
 
Voyage expenses from spot charters
   
1,564
     
-
     
-
 
Voyage expenses from time charters
   
3,960
     
3,297
     
2,851
 
Total
   
5,524
     
3,297
     
2,851