v3.26.1
Fixed Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Property, Plant, and Equipment [Abstract]  
Property Plant and Equipment Schedule of Significant Acquisitions
As of March 31, 2026, the Company’s fleet consisted of thirty-nine dry bulk vessels and one barge, including one vessel classified as held for sale. Certain vessels were financed through financing obligations recognized in failed sale-leaseback transactions, and one vessel was financed through a finance lease arrangement.
 March 31, 2026December 31, 2025
m/v Nordic Odyssey (1)
$16,470 $16,768 
m/v Nordic Orion (1)
16,598 16,652 
m/v Nordic Oshima (1)
21,298 21,599 
m/v Nordic Olympic (1)
22,179 22,436 
m/v Nordic Odin (1)
22,242 22,593 
m/v Nordic Oasis (1)
23,621 23,851 
m/v Nordic Nuluujaak34,024 33,298 
m/v Nordic Qinngua34,012 33,305 
m/v Nordic Sanngijuq33,613 32,973 
m/v Nordic Siku33,042 33,349 
m/v Bulk Endurance19,238 19,417 
m/v Bulk Prudence25,056 25,478 
m/v Bulk Courageous15,115 15,347 
m/v Bulk Concord16,181 16,739 
m/v Bulk Pride11,410 10,698 
m/v Bulk Spirit10,267 10,682 
m/v Bulk Sachuest16,250 15,401 
m/v Bulk Independence11,260 11,756 
m/v Bulk Friendship10,893 11,087 
m/v Bulk Valor16,389 16,695 
m/v Bulk Promise16,926 17,234 
m/v Bulk Brenton26,758 27,079 
m/v Bulk Patience26,775 27,066 
m/v Strategic Fortitude18,076 17,406 
m/v Strategic Resolve14,690 14,929 
m/v Strategic Explorer14,430 14,646 
m/v Strategic Entity14,815 15,060 
m/v Strategic Synergy13,329 13,501 
m/v Strategic Alliance13,330 13,501 
m/v Strategic Unity13,330 13,502 
m/v Strategic Harmony13,329 13,501 
m/v Strategic Equity13,330 13,501 
m/v Strategic Venture13,331 13,502 
m/v Strategic Savannah11,006 10,984 
m/v Strategic Spirit11,280 11,401 
m/v Strategic Vision10,440 10,591 
m/v Strategic Tenacity10,103 10,247 
Miss Nora G Pearl (2)
1,597 1,597 
666,033 669,372 
Other fixed assets, net8,925 8,147 
Total fixed assets, net$674,958 $677,518 
Right of Use Assets
m/v Bulk Xaymaca (3)
$— $10,127 
m/v Bulk Destiny16,580 16,740 
$16,580 $26,866 
(1) Vessels are owned by NBHC, a consolidated entity in which the Company has a two-third ownership interest at March 31, 2026 and December 31, 2025, respectively.
(2) Barge is owned by a 50% owned consolidated subsidiary at March 31, 2026 and December 31, 2025, respectively.
(3) As of March 31, 2026, the Company classified the M/V Bulk Xaymaca, as held for sale in accordance with ASC 360. Management had committed to a plan to sell the vessel, and the criteria for held-for-sale classification were met. The vessel is presented separately on the balance sheet under “Vessel held for sale.” On February 27, 2026, the Company entered into a memorandum of agreement to sell the M/V Bulk Xaymaca for $9.6 million. The estimated loss on sale is approximately $0.4 million, and delivery to the buyer is expected during the second quarter of 2026. See Note 14 – Subsequent Events for additional details.