Significant Accounting Policies and Recent Accounting Pronouncements	6 Months Ended
Jun. 30, 2026
Significant Accounting Policies and Recent Accounting Pronouncements [Abstract]
Significant Accounting Policies and Recent Accounting Pronouncements	Significant Accounting Policies and Recent Accounting Pronouncements: A discussion of the Company’s significant accounting policies can be found in Note 2 to the Company’s Consolidated Financial Statements included in the Annual Report on Form 20-F for the year ended December 31, 2025. There have been no material changes to these policies in the six months ended June 30, 2026, except for as discussed below: Nonrevolving Loan Commitment Fees During the six months ended June 30, 2026, the Company adopted a change in its accounting policy related to loan commitment fees. Previously, loan commitment fees were expensed as incurred or were capitalized as part of the vessels' construction cost. Under the new policy, in accordance with ASC 310- 20-25-11, commitment fees are deferred until the debt is drawn and are subsequently presented as a contra-liability to the debt and amortized using the effective interest method. Management believes that this change results in a more appropriate presentation of the Company’s financial position and results of operations. The Company applied this change prospectively from the date of adoption, as the impact of the change in accounting policy on the Company’s consolidated financial statements for prior periods was not material. New Accounting Pronouncements In May 2026, the FASB issued Accounting Standards Update No. 2026-02, Environmental Credits and Environmental Credit Obligations (Topic 818), which establishes guidance for the recognition, measurement, presentation and disclosure of environmental credits and related environmental credit obligations. The amendments are effective for annual reporting periods beginning after December 15, 2027, including interim periods within those annual reporting periods, with early adoption permitted, and are required to be applied retrospectively. The Company is currently evaluating the impact of adopting this guidance on its consolidated financial statements and related disclosures.

Significant Accounting Policies and Recent Accounting Pronouncements:

A discussion

of the

Company’s significant

accounting policies

can be

found in

Note 2

to the

Company’s

Consolidated

Financial

Statements

included

the

Annual

Report

Form

20-F

for

the

year

ended

December

31,

2025.

There

have

been

material

changes

these

policies

the

six

months

ended

June 30, 2026, except for as discussed below:

Nonrevolving Loan Commitment Fees

During

the

six

months

ended

June

30,

2026,

the

Company

adopted

change

its

accounting

policy

related to

loan commitment

fees. Previously,

loan commitment

fees were

expensed as

incurred or

were

capitalized as

part of the

vessels' construction cost.

Under the

new policy,

in accordance with

ASC 310-

20-25-11,

commitment

fees

are

deferred

until

the

debt

drawn

and

are

subsequently

presented

contra-liability to the debt and amortized using the effective interest method.

Management

believes

that

this

change

results

appropriate

presentation

the

Company’s

financial position and results of operations.

The Company applied this change prospectively from the date of adoption,

as the impact of the change in

accounting policy on the Company’s consolidated financial statements for

prior periods was not material.

New Accounting Pronouncements

May

2026, the

FASB

issued

Accounting

Standards Update

No.

2026-02,

Environmental Credits

and

Environmental

Credit

Obligations

(Topic

818),

which

establishes

guidance

for

the

recognition,

measurement,

presentation

and

disclosure

environmental

credits

and

environmental

credit

obligations.

The

amendments

are

effective

for

annual

reporting

periods

beginning

after

December

15,

2027, including

interim periods

within those

annual reporting

periods, with

early adoption

permitted, and

are

required

applied retrospectively.

The

Company

currently

evaluating the

impact

adopting

this guidance on its consolidated financial statements and related disclosures.