v3.26.1
Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Unaudited Interim Condensed Consolidated Statements of Operations [Abstract]    
Vessel revenue, net $ 96,744 $ 60,340
Fees from related parties $ 1,049 $ 1,345
Revenue, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Revenue, net $ 97,793 $ 61,685
Expenses:    
Voyage expenses (1,958) (1,847)
Vessel operating expenses (24,706) (26,346)
Management fees (520) (552)
General and administration expenses (14,165) (9,012)
Amortization of deferred dry-docking costs (3,892) (2,124)
Depreciation and amortization (14,905) (15,253)
Gain on sale of vessel, net - related party 4,559 0
Gain on sales type lease - related party 4,101 0
Loss on forward freight agreements, net (10) (19)
Operating income 46,297 6,532
Other income / (expenses), net:    
Interest and finance costs (9,139) (10,930)
Loss on extinguishment of debt (2,172) (28)
Interest and other income 733 337
Interest and other income - related party 282 48
Unrealized (gain) / losses from foreign exchange derivatives (114) 423
Foreign currency exchange gain / (loss), net 7 (349)
Total other expenses, net (10,403) (10,499)
Net income / (loss) $ 35,894 $ (3,967)
Earnings / (loss) per common share, basic (in dollars per share) $ 1.67 $ (0.2)
Earnings / (loss) per common share, diluted (in dollars per share) $ 1.67 $ (0.2)
Weighted average number of common shares outstanding, basic (in shares) 21,019,838 20,255,507
Weighted average number of common shares outstanding, diluted (in shares) 21,019,838 20,255,507