v3.26.1
Basis of Presentation and Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure
Advance hire, prepaid expenses and other current assets were comprised of the following: 
 March 31, 2026December 31, 2025
Advance hire$3,081 $3,394 
Prepaid expenses14,120 7,916 
Accrued receivables14,655 11,184 
Cash margin on deposit4,201 572 
Derivative assets5,942 524 
Other current assets8,120 4,887 
 $50,120 $28,478 
Equity Method Investments
Other non-current assets were comprised of the following:

March 31, 2026December 31, 2025
Intangible Assets, net of accumulated amortization of $1,776 and $1,675 as of March 31, 2026 and December 31, 2025, respectively (1)
$475 $576 
Investment in Associated Terminals Pangaea Logistics, LLC2,564 2,032 
Investment in Narragansett Bulk Carriers (US) Corp520 520 
Other investments1,433 1,433 
 $4,991 $4,561 

(1) Intangible assets consist primarily of customer contracts and a non-compete agreement acquired in prior periods, which are being amortized over estimated useful lives ranging from
2 to 5 years. No new intangible assets were recognized during the three months ended March 31, 2026.
Schedule of Accounts Payable and Accrued Liabilities
Accounts payable, accrued expenses and other current liabilities were comprised of the following:

 March 31, 2026December 31, 2025
Accounts payable$20,918 $14,328 
Accrued expenses23,908 13,013 
Bunkers suppliers9,317 8,232 
Charter hire payable12,988 7,829 
Accrued compensation1,392 3,791 
Other accrued liabilities4,161 7,064 
 $72,684 $54,257