Transactions with Related Parties (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Related Party Transactions [Abstract] |
|
| Transactions with related parties - Gas vessels under construction (Table) |
Transactions with related parties - Gas vessels under construction (Table)
| Vessel Type |
Hull No. / Vessel Name |
Cubic Meters (“CBM”) |
Shipyard |
Delivery / Estimated Delivery |
Amount paid to CMTC for the acquisition of the vessel-owning companies of the Gas Vessels |
| MG/C |
8424 |
45,000 |
Hyundai Mipo Dockyard Co. Ltd, South Korea (“Hyundai Mipo”) |
Jun-26 |
— |
| MG/C |
8425 |
45,000 |
Hyundai Mipo |
Sep-26 |
— |
| MG/C |
8426 |
45,000 |
Hyundai Mipo |
Feb-27 |
— |
| MG/C |
8427 |
45,000 |
Hyundai Mipo |
May-27 |
— |
| MG/C |
S1111 |
40,000 |
Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd, China (“CIMC SOE”) |
Mar-27 |
9,798 |
| MG/C |
S1112 |
40,000 |
CIMC SOE |
Jul-27 |
9,798 |
| LCO2 – HMG/C |
8398 / LCO2 – HMG/C Active |
22,000 |
Hyundai Mipo |
Delivered on January 5, 2026 |
19,885 |
| LCO2 – HMG/C |
8399 |
22,000 |
Hyundai Mipo |
Apr-26 |
19,885 |
| LCO2 – HMG/C |
8404 |
22,000 |
Hyundai Mipo |
Sep-26 |
7,644 |
| LCO2 – HMG/C |
8405 |
22,000 |
Hyundai Mipo |
Nov-26 |
7,644 |
| Total |
|
|
|
|
$ 74,654 |
|
| Transactions with related parties- LNG/Cs Vessels acquired (Table) |
Transactions with related parties- LNG/Cs Vessels acquired (Table)
| Hull Number / Vessel name |
|
CBM |
|
Delivery / Expected delivery date to the Company |
| Hull 3315 - LNG/C Amore Mio I |
|
174,000 |
|
Delivered on December 21, 2023 |
| Initial Vessels |
|
|
|
|
| Hull 3316 - LNG/C Axios II |
|
174,000 |
|
Delivered on January 2, 2024 |
| Hull 3341 - LNG/C Assos |
|
174,000 |
|
Delivered on May 31, 2024 |
| Hull 3342 - LNG/C Apostolos |
|
174,000 |
|
Delivered on June 28, 2024 |
| Hull 8140 - LNG/C Aktoras |
|
174,000 |
|
Delivered on June 5, 2024 |
| Hull 8198 - LNG/C Archimidis |
|
174,000 |
|
July 2026 |
| Hull 8199 - LNG/C Agamemnon |
|
174,000 |
|
January 2027 |
| Remaining Vessels |
|
|
|
|
| Hull 8202 - LNG/C Alcaios I |
|
174,000 |
|
September 2026 |
| Hull 8203 - LNG/C Antaios I |
|
174,000 |
|
November 2026 |
| Hull 8206 - LNG/C Athlos |
|
174,000 |
|
February 2027 |
| Hull 8207 - LNG/C Archon |
|
174,000 |
|
March 2027 |
|
| Transactions with Related Parties - Consolidated Balance Sheets (Table) |
Transactions with Related Parties - Consolidated Balance Sheets (Table)
| |
|
|
|
|
|
| |
As of December 31, |
| Consolidated Balance Sheets |
|
2025 |
|
|
2024 |
| Assets: |
|
|
|
|
|
| Capital-Gas Management - advances from the Company(a) |
|
— |
|
|
1,131 |
| Due from related party |
$ |
— |
|
$ |
1,131 |
| Liabilities: |
|
|
|
|
|
| CSM - payments on behalf of the Company (b) |
$ |
35 |
|
$ |
34 |
| Capital-Executive - payments on behalf of the Company (b) |
|
— |
|
|
3,508 |
| Capital-Containers - payments on behalf of the Company (b) |
|
1,877 |
|
|
— |
| Capital-Gas Management- payments on behalf of the Company (b) |
|
3,695 |
|
|
— |
| Due to related parties |
$ |
5,607 |
|
$ |
3,542 |
|
| Transactions with Related Parties - Consolidated Statements of Comprehensive Income |
Transactions with Related Parties - Consolidated Statements of Comprehensive Income
|
|
For the years ended December 31, |
| Consolidated Statements of Comprehensive Income |
|
2025 |
|
|
2024 |
|
|
2023 |
| Vessel operating expenses |
$ |
9,144 |
|
$ |
8,722 |
|
$ |
6,165 |
| General and administrative expenses (c) |
|
3,708 |
|
|
2,980 |
|
|
2,564 |
| Interest expense and finance cost (d) |
|
— |
|
|
3,174 |
|
|
— |
(a) |
Managers - Advances from the Company: This line item represents the amounts advanced by the Company for operating and voyage expenses that will be paid by the Managers on behalf of the Company and its subsidiaries.
|
| (b) |
Managers - Payments on behalf of the Company: This line item represents the amount outstanding for payments for operating and voyage expenses made by the Managers on behalf of the Company and its subsidiaries. |
| (c) |
General and administrative expenses: This line item mainly includes fees relating to internal audit, investor relations and consultancy fees. |
| (d) |
Interest expense and finance cost: This line item reflects interest expense of the Umbrella Seller’s Credit (Note 8). |
|