v3.26.1
Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt [Abstract]  
Debt

The amounts in the consolidated balance sheets are analyzed as follows (facility names defined below):

 

Financier / Vessel(s)

 

December 31,

 

 
 

2024

   

2025

 

Total long-term debt:

           
1st CMBFL Facility (M/T Julius Caesar and M/T Legio X Equestris)
    120,764
      -
 
1st AVIC Facility (M/T Eco Oceano CA)
    40,066
      -
 
2nd AVIC Facility (M/T Eco West Coast)
    38,617
      -
 
Huarong Facility (M/T Eco Malibu)
    38,800
      -
 
2nd CMBFL Facility (M/T Eco Marina Del Rey)
    27,000       -  
HSBC Facility (M/Y Parabellvm)
    -       13,040  
New Huarong Facility (M/T Eco Marina Del Rey, M/T Eco Oceano CA, M/T Julius Caesar and M/T Legio X Equestris)
    -       205,460  

Total long-term debt

    265,247
      218,500
 

Less: Deferred finance fees

    (5,989 )     (1,888 )

Total long-term debt net of deferred finance fees and debt discounts

    259,258
      216,612
 

               

Presented:

               

Current portion of long-term debt

    14,202
      11,824
 

Long-term debt

    245,056
      204,788
 
Annual Principal Payments

Scheduled Principal Repayments: The Company’s annual principal payments required to be made after December 31, 2025, on its debt obligations, are as follows:


Years

     

December 31, 2026

    12,026
 

December 31, 2027

    12,026
 

December 31, 2028

    12,026
 

December 31, 2029

    12,026
 

December 31, 2030 and thereafter

    170,396
 

Total

    218,500