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1. Basis of Presentation and General Information: Star Bulk Carriers Corp. (“Star Bulk”) is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains offices in Athens, New York, Connecticut (Stamford) and Singapore. Star Bulk’s common shares trade on the NASDAQ Global Select Market under the ticker symbol “SBLK”. The unaudited interim condensed consolidated financial statements include the accounts of Star Bulk and its wholly owned subsidiaries (collectively, the “Company”) and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) for interim financial information. Accordingly, they do not include all the information and notes required by U.S. GAAP for annual financial statements. These unaudited interim condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements for the year ended December 31, 2025 and, in the opinion of management, reflect all normal recurring adjustments considered necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the periods presented. Operating results for the six-month period ended June 30, 2026 are not necessarily indicative of the results that might be expected for the fiscal year ending December 31, 2026. The unaudited interim condensed consolidated financial statements presented in this report should be read in conjunction with the annual consolidated financial statements for the year ended December 31, 2025 included in the Company’s Annual Report on Form 20-F for the year ended December 31, 2025 (the “2025 Annual Report”). The balance sheet as of December 31, 2025 has been derived from the audited consolidated financial statements as of that date, but, pursuant to the requirements for interim financial information, does not include all the information and footnotes required by U.S. GAAP for complete financial statements. Unless otherwise defined herein, capitalized words and expressions used herein shall have the same meanings ascribed to them in the 2025 Annual Report. As of June 30, 2026, the Company owned a modern fleet of 135 dry bulk vessels (one of which was classified as held for sale) consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 55,569 deadweight tonnage (“dwt”) and 209,537 dwt, and a combined carrying capacity of 13.5 million dwt and an average age of 12.8 years. Also, as of June 30, 2026, the Company has five 82,000 dwt Kamsarmax vessels on order with expected deliveries between the third and fourth quarters of 2026. In addition, the Company charters-in a number of third-party vessels on both a short-term and long-term basis to increase its operating capacity in order to satisfy its clients’ needs. Specifically, as of June 30, 2026, the Company charters-in seven vessels on a long-term basis.

December 13, 2006 135 1 55569 209537 13500000 12.8 82000 third and fourth quarters of 2026 7

2. Significant accounting policies and recent accounting pronouncements: A summary of the Company’s significant accounting policies and recent accounting pronouncements is included in Note 2 to the Company’s consolidated financial statements included in the 2025 Annual Report. During the six-month period ended June 30, 2026, except for the recent accounting pronouncements described below, there were no other significant changes to the Company’s significant accounting policies or recent accounting pronouncements issued that the Company expects to have a potential impact on its consolidated financial statements. In December 2025, the FASB issued ASU 2025-11, which clarifies the scope and disclosure requirements for interim financial reporting under ASC 270. The amendments introduce a principle requiring disclosure of events and transactions occurring after the end of the most recent annual reporting period that have a material impact on the entity and consolidate certain interim disclosure requirements. The amendments are effective for interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact that adoption of this ASU will have on its interim financial statement disclosures. 2. Significant accounting policies and recent accounting pronouncements - continued: 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.

3. Transactions with Related Parties: Details of the Company’s transactions with related parties did not change in the six-month period ended June 30, 2026, and are discussed in Note 3 of the Company’s consolidated financial statements for the year ended December 31, 2025, included in the 2025 Annual Report. Transactions and balances with related parties are analyzed as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt">a)</td><td style="text-align: justify">Management and Directors Fees: As of December 31, 2025, and as of June 30, 2026, the amount payable due to consultancy agreements and directors’ fees amounted to $225 and $147, respectively, and is presented within “Due to related parties” in the unaudited consolidated balance sheets. The consultancy agreements’ expenses for the six-month periods ended June 30, 2025 and 2026 amounted to $395 and $397, respectively, and are presented within “General and Administrative expenses” in the unaudited consolidated income statements.</td></tr><tr style="vertical-align: top"> <td> </td><td></td><td style="text-align: justify"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt">b)</td><td style="text-align: justify">Oceanbulk Maritime S.A. and its affiliates (or “Oceanbulk Maritime”): As of December 31, 2025, an amount of $45 due from Oceanbulk Maritime is presented within “Due from related parties” in the unaudited consolidated balance sheet. There was no outstanding balance as of June 30, 2026. 0</td></tr><tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt">c)</td><td style="text-align: justify">Iblea Ship Management Limited and Megara Shipmanagement Ltd.: As of December 31, 2025, and as of June 30, 2026, the amount payable to Iblea Ship Management Limited and Megara Shipmanagement Ltd. amounted to $3,332 and $1,645 and is presented within “Due to related parties” in the unaudited consolidated balance sheets. The related management fees for the six-month periods ended June 30, 2025 and 2026 amounted to $1,465 and $1,955, respectively, and are presented within “Management fees” in the unaudited consolidated income statements.</td></tr></table>

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1465000

1955000

4. Equity Method Investments: Details of the Company’s equity method investments did not change in the six-month period ended June 30, 2026, and are discussed in Note 4 of the Company’s consolidated financial statements for the year ended December 31, 2025, included in the 2025 Annual Report. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt">a)</td><td style="text-align: justify">Interchart Shipping Inc. (or “Interchart”): In January 2026, the Company sold its holding to an unrelated party, resulting in a gain of $194 which is presented under “Other operational gain” in the unaudited interim condensed consolidated income statement for the six-month period ended June 30, 2026. The income or loss on investment is presented under “Equity in income/(loss) of investee” in the unaudited interim condensed consolidated income statements and amounted to ($55) and nil for the six-month periods ended June 30, 2025 and 2026 respectively. The related expenses for chartering, brokering and commercial services provided are presented under “Voyage expenses” in the unaudited interim condensed consolidated income statements and amounted to $2,070 and nil for the six-month periods ended June 30, 2025 and 2026, respectively. <span id="xdx_90C_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20250101__20250630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--InterchartShippingMember_zgE0jiJB2RO9" style="display: none">(55) <span id="xdx_903_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20260101__20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--InterchartShippingMember_zj1uKaM9YDp9" style="display: none">0 <span id="xdx_907_eus-gaap--DirectOperatingCosts_pn3n3_c20260101__20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--InterchartShippingMember_z3UKT5w8gGy5" style="display: none">0</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt">b)</td><td style="text-align: justify">StarOcean Manning Philippines Inc. (or “Starocean”): The Company has a <span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pip0_dp_uPure_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StarOceanManningPhilipinesIncMember_zEyhpQV9691k">25% ownership interest in Starocean. This investment is accounted for as an equity method investment. It is presented within “Long term investment” in the unaudited consolidated balance sheets and amounted to $294 as of December 31, 2025 and $327 as of June 30, 2026. The income on investment is presented under “Equity in income/(loss) of investee” in the unaudited interim condensed consolidated income statements and for the six-month periods ended June 30, 2025 and 2026 amounted to $<span id="xdx_903_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20250101__20250630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StarOceanManningPhilipinesIncMember_zLHq0Ef695Eh">37 and $<span id="xdx_904_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20260101__20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StarOceanManningPhilipinesIncMember_zhgxfvKdctJg">33, respectively.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt">c)</td><td style="text-align: justify">Capesize Chartering Ltd. (or “CCL Pool”): The Company holds 33% of the CCL Pool. The investment in CCL Pool is presented within “Long term investment” in the unaudited consolidated balance sheets and amounted to $125 as of December 31, 2025 and as of June 30, 2026. The Company’s subsequent share of results of CCL Pool was insignificant for the six-month periods ended June 30, 2025 and 2026.</td></tr></table>

194000

2070000

-55000

0.25

294000

327000

37000

33000

0.33

125000

5. Inventories: The amounts shown in the unaudited consolidated balance sheets are analyzed as follows: Inventories (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: right; width: 77%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td id="xdx_498_20251231_zof9owZdG38h" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%"> December 31, 2025 </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td id="xdx_494_20260630_z4iFG3qP6V62" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%"> June 30, 2026 </td></tr> <tr id="xdx_40E_ecustom--LubricantsInventoryCurrent_iI_maINzPfz_zaKKwfp1IyTj" style="vertical-align: middle; background-color: #CCEEFF"> <td style="text-align: justify"> Lubricants </td> <td style="text-align: right"> $ </td> <td style="text-align: right"> 15,435</td> <td style="text-align: right"> </td> <td style="text-align: right"> $ </td> <td style="text-align: right"> 16,259</td></tr> <tr id="xdx_405_ecustom--BunkerInventoryCurrent_iI_maINzPfz_zHchjgklV8Oj" style="vertical-align: middle; background-color: white"> <td style="text-align: justify"> Bunkers </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> 36,042</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> 58,755</td></tr> <tr id="xdx_408_eus-gaap--InventoryNet_iTI_mtINzPfz_zbN7dJ6yq7Xh" style="vertical-align: middle; background-color: #CCEEFF"> <td style="font-weight: bold; text-align: justify"> Total </td> <td style="border-bottom: black 2pt double; font-weight: bold; text-align: right"> $ </td> <td style="border-bottom: black 2pt double; font-weight: bold; text-align: right"> 51,477</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: black 2pt double; font-weight: bold; text-align: right"> $ </td> <td style="border-bottom: black 2pt double; font-weight: bold; text-align: right"> 75,014</td></tr> </table>

Inventories (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: white"> <td style="text-align: right; width: 77%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td id="xdx_498_20251231_zof9owZdG38h" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%"> December 31, 2025 </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 1%"> </td> <td id="xdx_494_20260630_z4iFG3qP6V62" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%"> June 30, 2026 </td></tr> <tr id="xdx_40E_ecustom--LubricantsInventoryCurrent_iI_maINzPfz_zaKKwfp1IyTj" style="vertical-align: middle; background-color: #CCEEFF"> <td style="text-align: justify"> Lubricants </td> <td style="text-align: right"> $ </td> <td style="text-align: right"> 15,435</td> <td style="text-align: right"> </td> <td style="text-align: right"> $ </td> <td style="text-align: right"> 16,259</td></tr> <tr id="xdx_405_ecustom--BunkerInventoryCurrent_iI_maINzPfz_zHchjgklV8Oj" style="vertical-align: middle; background-color: white"> <td style="text-align: justify"> Bunkers </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> 36,042</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> 58,755</td></tr> <tr id="xdx_408_eus-gaap--InventoryNet_iTI_mtINzPfz_zbN7dJ6yq7Xh" style="vertical-align: middle; background-color: #CCEEFF"> <td style="font-weight: bold; text-align: justify"> Total </td> <td style="border-bottom: black 2pt double; font-weight: bold; text-align: right"> $ </td> <td style="border-bottom: black 2pt double; font-weight: bold; text-align: right"> 51,477</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: black 2pt double; font-weight: bold; text-align: right"> $ </td> <td style="border-bottom: black 2pt double; font-weight: bold; text-align: right"> 75,014</td></tr> </table>

15435000 16259000 36042000 58755000

51477000

75014000

6. Vessels and other fixed assets, net, Vessel held for sale and Advances for vessels under construction: Vessels and other fixed assets, net The amounts in the unaudited consolidated balance sheets are analyzed as follows: Vessels and other fixed assets, net - Schedules of vessels and other fixed assets, net (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="text-align: right; width: 67%"> </td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt; width: 1%"> </td> <td style="padding-right: 5.4pt; padding-left: 10pt; text-align: right; width: 10%"> Cost </td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt; width: 1%"> </td> <td style="padding-right: 5.4pt; padding-left: 10pt; text-align: right; width: 10%"> Accumulated depreciation </td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt; width: 1%"> </td> <td style="padding-right: 5.4pt; padding-left: 10pt; text-align: right; width: 10%"> Net Book Value </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="white-space: nowrap"> Balance, December 31, 2025</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_iS_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_z8YnQ3gpFYF1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, December 31, 2024">3,997,911</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNS_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zUlzDcGhUZG2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, December 31, 2024">(1,122,964)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentNet_iS_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zuxLV6yahUKb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, December 31, 2024">2,874,947</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> - Transfer from advances for vessels under construction</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98E_ecustom--CostsReclassifiedToVesselsUnderConstruction_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_znReZn3y2Yp1" style="text-align: right" title="- Transfer from advances for vessels under construction">111,511</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_982_ecustom--CostsReclassifiedToVesselsUnderConstruction_pn3n3_d0_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zDscrLS5jBo9" style="text-align: right" title="- Transfer from advances for vessels under construction">—</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_985_ecustom--CostsReclassifiedToVesselsUnderConstruction_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zrOh4Jxes5Bi" style="text-align: right" title="- Transfer from advances for vessels under construction">111,511</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="white-space: nowrap"> - Vessel upgrades and other vessel costs</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_ziUaZ3PDgPzc" style="text-align: right" title="- Vessel upgrades and other vessel costs">8,704</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_d0_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zIiUnUpIQkec" style="text-align: right" title="- Vessel upgrades and other vessel costs">—</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zJ4fN9u4r5G3" style="text-align: right" title="- Vessel upgrades and other vessel costs">8,704</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"> - Other fixed assets</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--OtherPropertyPlantAndEquipmentAdditions_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_z2AsH5LmVjh6" style="text-align: right" title="- Other fixed assets">1,805</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--OtherPropertyPlantAndEquipmentAdditions_pn3n3_d0_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_z3c6ZSbdNKxl" style="text-align: right" title="- Other fixed assets">—</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--OtherPropertyPlantAndEquipmentAdditions_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zwXvbAYzClxb" style="text-align: right" title="- Other fixed assets">1,805</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="white-space: nowrap"> - Vessel sales </td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_980_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zH5E9n0BqHt" style="text-align: right" title="- Vessel sales">(105,922)</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98B_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zI0LISputOne" style="text-align: right" title="- Vessel sales">37,816</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_988_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zHEokehNByz" style="text-align: right" title="- Vessel sales">(68,106)</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"> - Vessel transferred to held for sale</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentTransfersAndChanges_iN_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zvC4lfmDbtul" style="text-align: right" title="- Vessel transferred to held for sale">(25,226)</td> <td style="text-align: right"> </td> <td id="xdx_983_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zCxad4wsTJu7" style="text-align: right" title="- Vessel transferred to held for sale">14,276</td> <td style="text-align: right"> </td> <td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentTransfersAndChanges_iN_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zP0yI1nlaFc6" style="text-align: right" title="- Vessel transferred to held for sale">(10,950)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="white-space: nowrap"> - Depreciation for the period </td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_986_eus-gaap--Depreciation_iN_pn3n3_di0_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_ziUIx6wgKKDg" style="text-align: right" title="- Depreciation for the period">— </td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_986_eus-gaap--Depreciation_iN_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zeRAFd7S6Y7b" style="text-align: right" title="- Depreciation for the period">(79,361)</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98D_eus-gaap--Depreciation_iN_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zMpGU73ta1Y8" style="text-align: right" title="- Depreciation for the period">(79,361)</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> Balance, June 30, 2026</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentGross_iE_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zxU7NmBhbA4b" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, June 30, 2025">3,988,783</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_984_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNE_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_z3lbZ6FBSxY" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, June 30, 2025">(1,150,233)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentNet_iE_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zsZJ45dUFkwd" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, June 30, 2025">2,838,550</td></tr> </table> In December 2025, the Company agreed to sell the vessel Star Stonington, which was delivered to its new owners on February 3, 2026. During the six-month period ended June 30, 2026, the Company agreed to sell the vessels Star Scarlett, Star Mariella and Star Moira, which were delivered to their new owners within the same period. The aggregate gain on the sale of the aforementioned vessels is included under “Gain/(Loss) on sale of vessels” in the unaudited interim condensed consolidated income statement for the six-month period ended June 30, 2026 . Moreover, during the six-month period ended June 30, 2026, the Company agreed to sell the vessel Pendulum, which was delivered to its new owner on July 6, 2026 (Note 18a) and the vessel Star Eva, which is expected to be delivered to its new owners within the third quarter of 2026. Given that the vessel Pendulum was not employed as of June 30, 2026, the Company concluded that it met the criteria for classification as held for sale as of that date. As of June 30, 2026, 102 of the Company’s vessels, having a net carrying value of $2,252,979, serve as collateral under certain of the Company’s loan facilities and were subject to first-priority mortgages (Note 9). Title of ownership is held by the relevant lenders for another 2 vessels with a carrying value of $36,398 to secure the relevant sale and lease back financing transactions (Note 8). The amounts reported under “Vessel upgrades and other vessel costs” in the table above which were incurred during the six-month period ended June 30, 2026 mainly include costs related to the Company’s continued technical upgrades to its fleet, such as the installation of ballast water management systems (“BWTS”) and Energy Saving Devices (“ESD”). 6. Vessels and other fixed assets, net, Vessel held for sale and Advances for vessels under construction- continued: Advances for vessels under construction: During 2023, the Company entered into five firm shipbuilding contracts with Qingdao Shipyard Co., Ltd. for the construction of five 82,000 dwt Kamsarmax newbuilding vessels. The delivery of two of these vessels, Star Evelina and Star Emma, took place on May 22, 2026 and on May 25, 2026, respectively . The related delivery installments were financed through the drawdown of $52,000 under the ESUN $130,000 Facility. The delivery of the remaining three vessels is scheduled progressively within the fourth quarter of 2026. Furthermore, during 2025, the Company entered into three novation and amendment agreements with Hengli Shipbuilding (Singapore) Pte. Ltd. and Hengli Shipbuilding (Dalian) Co. Ltd. for the acquisition of three 82,000 dwt Kamsarmax newbuilding vessels. The delivery of one of these vessels, Star Ellie, took place on June 29, 2026, while the remaining two vessels that are currently under construction are scheduled to be delivered within the third quarter of 2026. The amounts shown in the unaudited consolidated balance sheets are analyzed as follows: Vessels and other fixed assets, net, Vessel held for sale and Advances for vessels under construction- Vessels under construction (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="white-space: nowrap; width: 89%"> Balance, December 31, 2025</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt; width: 1%"> $ </td> <td id="xdx_985_eus-gaap--ConstructionInProgressGross_iS_d0_c20260101__20260630_znyCTAvfWHM5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%" title="Balance, December 31, 2024">87,277</td> </tr> <tr style="vertical-align: middle; background-color: White"> <td style="white-space: nowrap"> - Pre-delivery and delivery yard installments and capitalized expenses</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_989_eus-gaap--NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1_pn3n3_c20260101__20260630_z7Kpc01alwSj" style="text-align: right" title="Pre-delivery and delivery yard installments and capitalized expenses">84,753</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> - Capitalized interest and finance costs</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98F_eus-gaap--InterestCostsIncurredCapitalized_pn3n3_c20260101__20260630_zV8qtc2dyEB6" style="text-align: right" title="Capitalized interest and finance costs">2,410</td> </tr> <tr style="vertical-align: middle; background-color: White"> <td style="white-space: nowrap"> - Transfers to Vessels and other fixed assets, net</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98D_ecustom--CostsReclassifiedToVesselsUnderConstruction_c20260101__20260630_zu04N3XW7F1c" style="text-align: right" title="Transfers to Vessel cost">(111,511)</td> </tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> Balance, June 30, 2026</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_982_eus-gaap--ConstructionInProgressGross_iE_c20260101__20260630_ziqEIJFK44x" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, June 30, 2025">62,929</td> </tr> </table> As of June 30, 2026, the total aggregate remaining contracted price, including scrubber installation costs, for the remaining five vessels under construction was $122,035, payable in periodic installments until their expected deliveries from the shipyard as described above.

Vessels and other fixed assets, net - Schedules of vessels and other fixed assets, net (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="text-align: right; width: 67%"> </td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt; width: 1%"> </td> <td style="padding-right: 5.4pt; padding-left: 10pt; text-align: right; width: 10%"> Cost </td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt; width: 1%"> </td> <td style="padding-right: 5.4pt; padding-left: 10pt; text-align: right; width: 10%"> Accumulated depreciation </td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt; width: 1%"> </td> <td style="padding-right: 5.4pt; padding-left: 10pt; text-align: right; width: 10%"> Net Book Value </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="white-space: nowrap"> Balance, December 31, 2025</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_iS_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_z8YnQ3gpFYF1" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, December 31, 2024">3,997,911</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNS_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zUlzDcGhUZG2" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, December 31, 2024">(1,122,964)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentNet_iS_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zuxLV6yahUKb" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, December 31, 2024">2,874,947</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> - Transfer from advances for vessels under construction</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98E_ecustom--CostsReclassifiedToVesselsUnderConstruction_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_znReZn3y2Yp1" style="text-align: right" title="- Transfer from advances for vessels under construction">111,511</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_982_ecustom--CostsReclassifiedToVesselsUnderConstruction_pn3n3_d0_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zDscrLS5jBo9" style="text-align: right" title="- Transfer from advances for vessels under construction">—</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_985_ecustom--CostsReclassifiedToVesselsUnderConstruction_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zrOh4Jxes5Bi" style="text-align: right" title="- Transfer from advances for vessels under construction">111,511</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="white-space: nowrap"> - Vessel upgrades and other vessel costs</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_ziUaZ3PDgPzc" style="text-align: right" title="- Vessel upgrades and other vessel costs">8,704</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_d0_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zIiUnUpIQkec" style="text-align: right" title="- Vessel upgrades and other vessel costs">—</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zJ4fN9u4r5G3" style="text-align: right" title="- Vessel upgrades and other vessel costs">8,704</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"> - Other fixed assets</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_ecustom--OtherPropertyPlantAndEquipmentAdditions_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_z2AsH5LmVjh6" style="text-align: right" title="- Other fixed assets">1,805</td> <td style="text-align: right"> </td> <td id="xdx_98A_ecustom--OtherPropertyPlantAndEquipmentAdditions_pn3n3_d0_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_z3c6ZSbdNKxl" style="text-align: right" title="- Other fixed assets">—</td> <td style="text-align: right"> </td> <td id="xdx_98D_ecustom--OtherPropertyPlantAndEquipmentAdditions_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zwXvbAYzClxb" style="text-align: right" title="- Other fixed assets">1,805</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="white-space: nowrap"> - Vessel sales </td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_980_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zH5E9n0BqHt" style="text-align: right" title="- Vessel sales">(105,922)</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98B_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zI0LISputOne" style="text-align: right" title="- Vessel sales">37,816</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_988_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zHEokehNByz" style="text-align: right" title="- Vessel sales">(68,106)</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"> - Vessel transferred to held for sale</td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentTransfersAndChanges_iN_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zvC4lfmDbtul" style="text-align: right" title="- Vessel transferred to held for sale">(25,226)</td> <td style="text-align: right"> </td> <td id="xdx_983_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zCxad4wsTJu7" style="text-align: right" title="- Vessel transferred to held for sale">14,276</td> <td style="text-align: right"> </td> <td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentTransfersAndChanges_iN_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zP0yI1nlaFc6" style="text-align: right" title="- Vessel transferred to held for sale">(10,950)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="white-space: nowrap"> - Depreciation for the period </td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_986_eus-gaap--Depreciation_iN_pn3n3_di0_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_ziUIx6wgKKDg" style="text-align: right" title="- Depreciation for the period">— </td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_986_eus-gaap--Depreciation_iN_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zeRAFd7S6Y7b" style="text-align: right" title="- Depreciation for the period">(79,361)</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98D_eus-gaap--Depreciation_iN_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zMpGU73ta1Y8" style="text-align: right" title="- Depreciation for the period">(79,361)</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> Balance, June 30, 2026</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentGross_iE_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zxU7NmBhbA4b" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, June 30, 2025">3,988,783</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_984_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNE_pn3n3_di_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_z3lbZ6FBSxY" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, June 30, 2025">(1,150,233)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentNet_iE_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zsZJ45dUFkwd" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, June 30, 2025">2,838,550</td></tr> </table>

3997911000

1122964000

2874947000

111511000 0 111511000

8704000

1805000 0 1805000

105922000

37816000

68106000

25226000

14276000

10950000

-0

79361000

3988783000

1150233000

2838550000

February 3, 2026 within the same period July 6, 2026 within the third quarter of 2026 102

2252979000

36398000

82000 May 22, 2026 May 25, 2026

52000000

within the fourth quarter of 2026 82000 June 29, 2026 within the third quarter of 2026 Vessels and other fixed assets, net, Vessel held for sale and Advances for vessels under construction- Vessels under construction (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="white-space: nowrap; width: 89%"> Balance, December 31, 2025</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt; width: 1%"> $ </td> <td id="xdx_985_eus-gaap--ConstructionInProgressGross_iS_d0_c20260101__20260630_znyCTAvfWHM5" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%" title="Balance, December 31, 2024">87,277</td> </tr> <tr style="vertical-align: middle; background-color: White"> <td style="white-space: nowrap"> - Pre-delivery and delivery yard installments and capitalized expenses</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_989_eus-gaap--NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1_pn3n3_c20260101__20260630_z7Kpc01alwSj" style="text-align: right" title="Pre-delivery and delivery yard installments and capitalized expenses">84,753</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> - Capitalized interest and finance costs</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98F_eus-gaap--InterestCostsIncurredCapitalized_pn3n3_c20260101__20260630_zV8qtc2dyEB6" style="text-align: right" title="Capitalized interest and finance costs">2,410</td> </tr> <tr style="vertical-align: middle; background-color: White"> <td style="white-space: nowrap"> - Transfers to Vessels and other fixed assets, net</td> <td style="padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> </td> <td id="xdx_98D_ecustom--CostsReclassifiedToVesselsUnderConstruction_c20260101__20260630_zu04N3XW7F1c" style="text-align: right" title="Transfers to Vessel cost">(111,511)</td> </tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="white-space: nowrap"> Balance, June 30, 2026</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; padding-right: 4.5pt; text-align: right; padding-left: 4.5pt"> $ </td> <td id="xdx_982_eus-gaap--ConstructionInProgressGross_iE_c20260101__20260630_ziqEIJFK44x" style="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right" title="Balance, June 30, 2025">62,929</td> </tr> </table>

87277000

84753000

2410000

-111511000

62929000

122035000

7. Operating leases: a) Time charter-in vessel agreements The carrying value of the assets and liabilities recognized on the balance sheet as of December 31, 2025 and June 30, 2026 in connection with the Company’s time charter-in vessel arrangements that have an initial lease term exceeding 12 months (Note 1), amounted to $154,326 and $140,237, respectively, and are included under “Operating leases, right-of-use assets” and “Operating lease liabilities current and non-current” in the unaudited consolidated balance sheets. The weighted average discount rate that was used for the recognition of these leases, which is the estimated annual incremental borrowing rate for this type of asset, at each lease commencement, is approximately 5.4%. The payments required to be made after June 30, 2026, for these outstanding operating lease liabilities, are as follows: Operating leases - Operating lease liabilities of time charter-in vessel agreements (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; width: 89%">Twelve month periods ending</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td id="xdx_49B_20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TimeCharterInVesselsMember_zQa6WSiCPg34" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%">Amount</td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_pn3n3_maLOLLPzYXm_zcR6uWyqPQYa" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2027</td> <td style="text-align: right">$</td> <td style="text-align: right"> 34,447</td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_pn3n3_maLOLLPzYXm_zmW7SibFufid" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2028</td> <td style="text-align: right"> </td> <td style="text-align: right"> 36,545</td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_pn3n3_d0_maLOLLPzYXm_zxOQ971lcCv9" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2029</td> <td style="text-align: right"> </td> <td style="text-align: right"> 31,981</td></tr> <tr id="xdx_405_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_pn3n3_d0_maLOLLPzYXm_zT0VqChRmrWc" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2030</td> <td style="text-align: right"> </td> <td style="text-align: right"> 29,405</td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_pn3n3_d0_maLOLLPzYXm_zbesearSR01g" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2031</td> <td style="text-align: right"> </td> <td style="text-align: right"> 24,073</td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_pn3n3_d0_maLOLLPzYXm_zAx6zjNQalvl" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2032 and thereafter</td> <td style="text-align: right"> </td> <td style="text-align: right">3,208</td></tr> <tr id="xdx_406_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pn3n3_mtLOLLPzYXm_zjjJqGmuyJKl" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total undiscounted lease payments</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right"> 159,659</td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pn3n3_di_z5xI1iI0W3Vj" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Discount based on incremental borrowing rate</td> <td style="text-align: right"> </td> <td style="text-align: right"> (19,422)</td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiability_iTI_pn3n3_z8gQ37101cji" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Present value of lease liability</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right"> 140,237</td></tr> <tr id="xdx_40D_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pn3n3_z45skUX2Sqqe" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Operating lease liabilities, current</td> <td style="text-align: right"> </td> <td style="text-align: right">27,452</td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_zrNCBTsCMc0a" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Operating lease liabilities, non-current</td> <td style="text-align: right"> </td> <td style="text-align: right">112,785</td></tr> </table> The weighted average remaining lease term of these charter-in vessel arrangements as of June 30, 2026 is 4.7 years. The charter-in hire expenses for the long-term charter-in arrangements for the six-month periods ended June 30, 2025 and 2026, were $18,453 and $18,218, respectively, and are included under “Charter-in hire expenses” in the unaudited interim condensed consolidated income statements. 7. Operating leases - continued: b) Office rental arrangements The carrying value of the assets and liabilities recognized on the balance sheet as of December 31, 2025 and June 30, 2026 in connection with the office rental arrangements, amounted to $2,732 and $2,187, respectively, and are included under “Operating leases, right-of-use assets” and “Operating lease liabilities current and non-current” in the unaudited consolidated balance sheets. The weighted average discount rate that was used for the recognition of these leases, which is the estimated annual incremental borrowing rate for this type of asset, at each lease commencement, is approximately 5.2%. The office rental payments required to be made after June 30, 2026, for these outstanding operating lease liabilities, are as follows: Operating leases - Operating lease liabilities of office rental agreements (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; width: 89%">Twelve month periods ending</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td id="xdx_491_20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OfficeRentalMember_zwPtig9EMEo3" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%">Amount</td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_pn3n3_maLOLLPzYXm_zPLtMKC3NiD7" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2027</td> <td style="text-align: right">$</td> <td style="text-align: right"> 1,049</td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_pn3n3_maLOLLPzYXm_zQ7bFndPDhr4" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2028</td> <td style="text-align: right"> </td> <td style="text-align: right"> 725</td></tr> <tr id="xdx_405_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_pn3n3_d0_maLOLLPzYXm_zbHEghdIs9Me" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2029</td> <td style="text-align: right"> </td> <td style="text-align: right"> 446</td></tr> <tr id="xdx_403_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_pn3n3_d0_maLOLLPzYXm_zP1Ja4kjKn4f" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2030</td> <td style="text-align: right"> </td> <td style="text-align: right"> 130</td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_pn3n3_d0_maLOLLPzYXm_zGkljiMIdB91" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2031</td> <td style="text-align: right"> </td> <td style="text-align: right"> 14</td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pn3n3_mtLOLLPzYXm_zjcWMkr9Qd71" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total undiscounted lease payments</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right"> 2,364</td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pn3n3_di_zUURTjKhCN8j" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Discount based on incremental borrowing rate</td> <td style="text-align: right"> </td> <td style="text-align: right"> (177)</td></tr> <tr id="xdx_401_eus-gaap--OperatingLeaseLiability_iTI_pn3n3_zehbZiyKyEke" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Present value of lease liability</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right"> 2,187</td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pn3n3_znHvrszw4RY7" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Operating lease liabilities, current</td> <td style="text-align: right"> </td> <td style="text-align: right">964</td></tr> <tr id="xdx_40D_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_zym1Zfw2BSqg" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Operating lease liabilities, non-current</td> <td style="text-align: right"> </td> <td style="text-align: right">1,223</td></tr> </table> The weighted average remaining lease term of these office rental arrangements as of June 30, 2026 is 2.6 years. The lease expenses for these office rental arrangements for the six-month periods ended June 30, 2025 and 2026 were $831 and $700, respectively, and are included under “General and administrative expenses” in the unaudited interim condensed consolidated income statements.

154326000

140237000

0.054

Operating leases - Operating lease liabilities of time charter-in vessel agreements (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; width: 89%">Twelve month periods ending</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td id="xdx_49B_20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TimeCharterInVesselsMember_zQa6WSiCPg34" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%">Amount</td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_pn3n3_maLOLLPzYXm_zcR6uWyqPQYa" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2027</td> <td style="text-align: right">$</td> <td style="text-align: right"> 34,447</td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_pn3n3_maLOLLPzYXm_zmW7SibFufid" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2028</td> <td style="text-align: right"> </td> <td style="text-align: right"> 36,545</td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_pn3n3_d0_maLOLLPzYXm_zxOQ971lcCv9" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2029</td> <td style="text-align: right"> </td> <td style="text-align: right"> 31,981</td></tr> <tr id="xdx_405_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_pn3n3_d0_maLOLLPzYXm_zT0VqChRmrWc" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2030</td> <td style="text-align: right"> </td> <td style="text-align: right"> 29,405</td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_pn3n3_d0_maLOLLPzYXm_zbesearSR01g" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2031</td> <td style="text-align: right"> </td> <td style="text-align: right"> 24,073</td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_pn3n3_d0_maLOLLPzYXm_zAx6zjNQalvl" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2032 and thereafter</td> <td style="text-align: right"> </td> <td style="text-align: right">3,208</td></tr> <tr id="xdx_406_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pn3n3_mtLOLLPzYXm_zjjJqGmuyJKl" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total undiscounted lease payments</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right"> 159,659</td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pn3n3_di_z5xI1iI0W3Vj" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Discount based on incremental borrowing rate</td> <td style="text-align: right"> </td> <td style="text-align: right"> (19,422)</td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiability_iTI_pn3n3_z8gQ37101cji" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Present value of lease liability</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right"> 140,237</td></tr> <tr id="xdx_40D_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pn3n3_z45skUX2Sqqe" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Operating lease liabilities, current</td> <td style="text-align: right"> </td> <td style="text-align: right">27,452</td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_zrNCBTsCMc0a" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Operating lease liabilities, non-current</td> <td style="text-align: right"> </td> <td style="text-align: right">112,785</td></tr> </table>

34447000

36545000

31981000

29405000

24073000

3208000

159659000

19422000

140237000

27452000

112785000

P4Y8M12D

18453000

18218000

2732000

2187000

0.052

Operating leases - Operating lease liabilities of office rental agreements (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; width: 89%">Twelve month periods ending</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td id="xdx_491_20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OfficeRentalMember_zwPtig9EMEo3" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%">Amount</td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_pn3n3_maLOLLPzYXm_zPLtMKC3NiD7" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2027</td> <td style="text-align: right">$</td> <td style="text-align: right"> 1,049</td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_pn3n3_maLOLLPzYXm_zQ7bFndPDhr4" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2028</td> <td style="text-align: right"> </td> <td style="text-align: right"> 725</td></tr> <tr id="xdx_405_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_pn3n3_d0_maLOLLPzYXm_zbHEghdIs9Me" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2029</td> <td style="text-align: right"> </td> <td style="text-align: right"> 446</td></tr> <tr id="xdx_403_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_pn3n3_d0_maLOLLPzYXm_zP1Ja4kjKn4f" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2030</td> <td style="text-align: right"> </td> <td style="text-align: right"> 130</td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_pn3n3_d0_maLOLLPzYXm_zGkljiMIdB91" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2031</td> <td style="text-align: right"> </td> <td style="text-align: right"> 14</td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pn3n3_mtLOLLPzYXm_zjcWMkr9Qd71" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total undiscounted lease payments</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right"> 2,364</td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pn3n3_di_zUURTjKhCN8j" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Discount based on incremental borrowing rate</td> <td style="text-align: right"> </td> <td style="text-align: right"> (177)</td></tr> <tr id="xdx_401_eus-gaap--OperatingLeaseLiability_iTI_pn3n3_zehbZiyKyEke" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Present value of lease liability</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right"> 2,187</td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pn3n3_znHvrszw4RY7" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Operating lease liabilities, current</td> <td style="text-align: right"> </td> <td style="text-align: right">964</td></tr> <tr id="xdx_40D_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_zym1Zfw2BSqg" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Operating lease liabilities, non-current</td> <td style="text-align: right"> </td> <td style="text-align: right">1,223</td></tr> </table>

1049000

725000

446000

130000

14000

2364000

177000

2187000

964000

1223000

P2Y7M6D

831000

700000

8. Lease financings: Details of the Company’s lease financings are discussed in Note 8 of the Company’s consolidated financial statements for the year ended December 31, 2025, included in the 2025 Annual Report. The Company’s lease financings bear interest at SOFR plus a margin. The corresponding interest expense of the Company’s bareboat lease financing activities is included within “Interest and finance costs” in the unaudited interim condensed consolidated income statements (Note 9). The principal payments required to be made after June 30, 2026, for the outstanding finance lease obligations recognized on the unaudited consolidated balance sheet, as of that date, are as follows: <p id="xdx_893_ecustom--ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesITableTextBlock_zbgbzHWvx5H2" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; background-color: white">Lease financings - Capital lease obligations, Principal payments (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; width: 89%">Twelve month periods ending</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%">Amount</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2027</td> <td style="text-align: right">$</td> <td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_iI_pn3n3_maleasefinancing_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_z0B3ixXH5c9l" style="text-align: right" title="June 30, 2026">2,731</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2028</td> <td style="text-align: right"> </td> <td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_iI_pn3n3_maleasefinancing_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_z3ukH0YEvD2e" style="text-align: right" title="June 30, 2027">2,731</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2029</td> <td style="text-align: right"> </td> <td id="xdx_985_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_iI_pn3n3_maleasefinancing_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_z4hw5ZphXh4j" style="text-align: right" title="June 30, 2028">4,383</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2030</td> <td style="text-align: right"> </td> <td id="xdx_989_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour_iI_pn3n3_maleasefinancing_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_znmhltQKbw2a" style="text-align: right" title="June 30, 2029">1,364</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total bareboat lease minimum payments</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_985_eus-gaap--LongTermDebt_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_ztfpqzYlBU23" style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right" title="Total bareboat lease minimum payments, net">11,209</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Lease financing short term</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eus-gaap--LongTermDebtCurrent_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_zCudk3cysSp2" style="vertical-align: bottom; text-align: right" title="Lease financing short term">2,731</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Lease financing long term</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eus-gaap--LongTermDebtNoncurrent_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_zqqvAAzj1GBg" style="vertical-align: bottom; text-align: right" title="Lease financing long term">8,478</td></tr> </table>

<p id="xdx_893_ecustom--ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesITableTextBlock_zbgbzHWvx5H2" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; background-color: white">Lease financings - Capital lease obligations, Principal payments (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; width: 89%">Twelve month periods ending</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%">Amount</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2027</td> <td style="text-align: right">$</td> <td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_iI_pn3n3_maleasefinancing_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_z0B3ixXH5c9l" style="text-align: right" title="June 30, 2026">2,731</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2028</td> <td style="text-align: right"> </td> <td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_iI_pn3n3_maleasefinancing_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_z3ukH0YEvD2e" style="text-align: right" title="June 30, 2027">2,731</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">June 30, 2029</td> <td style="text-align: right"> </td> <td id="xdx_985_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_iI_pn3n3_maleasefinancing_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_z4hw5ZphXh4j" style="text-align: right" title="June 30, 2028">4,383</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">June 30, 2030</td> <td style="text-align: right"> </td> <td id="xdx_989_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour_iI_pn3n3_maleasefinancing_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_znmhltQKbw2a" style="text-align: right" title="June 30, 2029">1,364</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total bareboat lease minimum payments</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_985_eus-gaap--LongTermDebt_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_ztfpqzYlBU23" style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right" title="Total bareboat lease minimum payments, net">11,209</td></tr> <tr style="background-color: White"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Lease financing short term</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_989_eus-gaap--LongTermDebtCurrent_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_zCudk3cysSp2" style="vertical-align: bottom; text-align: right" title="Lease financing short term">2,731</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Lease financing long term</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_980_eus-gaap--LongTermDebtNoncurrent_iI_pn3n3_c20260630__us-gaap--LongtermDebtTypeAxis__custom--FinancingLeaseMember_zqqvAAzj1GBg" style="vertical-align: bottom; text-align: right" title="Lease financing long term">8,478</td></tr> </table>

2731000

4383000

1364000

11209000

2731000

8478000

9. Long-term bank loans & Revolving Facilities: Details of the Company’s credit facilities are discussed in Note 9 of the Company’s consolidated financial statements for the year ended December 31, 2025, included in the 2025 Annual Report and supplemented by the new loan activities described below. i) NBG $80,000 Facility: On March 27, 2026, the Company entered into a loan agreement with National Bank of Greece S.A. (“NBG”), for a loan amount of up to $80,000 (the “NBG $80,000 Facility”) which was drawn on March 30, 2026. The proceeds were used to refinance the outstanding balance under the then-existing NBG $151,085 Facility, as discussed below, and for general business purposes. Following the prepayments discussed below, the NBG $80,000 Facility is repayable in 15 equal consecutive quarterly installments of $3,412 and a balloon payment of $15,334, due in March 2030, along with the last installment and is secured by first priority mortgages on the vessels Star Nasia, Star Renee, Star Markella, Star Helena, Star Maria, Star Angelina, Star Gwyneth, Kymopolia, Star Despoina, Star Piera, Star Marianne and Star Nina. ii) NBG Revolving Facility: On March 31, 2026, the available amount under the NBG Revolving Facility was reduced from $65,000 to $60,000. On June 30, 2026, an amount of $60,000 was drawn (the “Third Drawing”), which was repaid in July 2026. Following the repayment of the Third Drawing, each amount drawn under the NBG Revolving Facility will be secured by first priority mortgages on the vessels Star Pauline, Star Borneo, Star Marilena, Star Bueno, Star Angie, Star Kamila and Star Sophia. 9. Long-term bank loans & Revolving Facilities - continued: iii) Nordea $50,000 Facility: On April 20, 2026, the Company entered into an amended loan agreement with Nordea Bank ABP (“Nordea”) in respect of the Nordea $50,000 Facility. The amendment provides for a lower interest margin and extends the final repayment date from 2028 to 2031. iv) Fubon $80,000 Facility: On June 1, 2026, the Company entered into a loan agreement with Taipei Fubon Commercial Bank Co. Ltd. (“Fubon”) for a loan amount of up to $80,000 (the “Fubon $80,000 Facility”), which was drawn on June 10, 2026. The proceeds were used partially to replenish cash used for the prepayment of the outstanding balance under the then-existing CEXIM $106,470 Facility, as discussed below. The Fubon $80,000 Facility is repayable in 28 equal consecutive quarterly installments of $1,667 and a balloon payment of $33,333, due in June 2033 along with the last installment and is secured by first priority mortgages on the vessels Katie K and Debbie H. 9. Long-term bank loans & Revolving Facilities - continued: Repayments In addition to the scheduled repayments during the six-month period ended June 30, 2026, the Company prepaid the following amounts: i) $<span id="xdx_90F_ecustom--DebtInstrumentPrepaymentAmount_iI_pn3n3_uUSD_c20260630__us-gaap--LineOfCreditFacilityAxis__custom--ESUN100000FacilityMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--StarStoningtonMember_zaPboggiqA3g">6,650 in connection with the sale of the vessel Star Stonington under the ESUN $100,000 Facility, ii) $46,264 corresponding to the total outstanding loan amount under the Citi $100,000 Facility, iii) $<span id="xdx_901_ecustom--DebtInstrumentPrepaymentAmount_iI_pn3n3_uUSD_c20260630__us-gaap--LineOfCreditFacilityAxis__custom--ABN67897FacilityMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--StarScarlettMember_zOuTlXWJfzSi">7,631 in connection with the sale of the vessel Star Scarlett under the ABN $67,897 Facility, iv) $16,600 corresponding to the total outstanding loan amount under the Credit Agricole $62,000 Facility, v) $49,917 corresponding to the total outstanding loan amount under the NBG $151,085 Facility, as discussed above, vi) $30,000 under the NBG Revolving Facility, vii) $48,799 corresponding to the total outstanding loan amount under the CEXIM $106,470 Facility and viii) $<span id="xdx_902_ecustom--DebtInstrumentPrepaymentAmount_iI_pn3n3_uUSD_c20260630__us-gaap--LineOfCreditFacilityAxis__custom--NBG80000FacilityMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--StarMoiraPendulumMember_z96AoUUMUTtk">9,938 in connection with the sale of the vessels Star Moira and Pendulum under the NBG $80,000 Facility. As of December 31, 2025, and June 30, 2026, the Company was required to maintain minimum liquidity, not legally restricted, of $68,000 and $67,500, respectively, which is included within “Cash and cash equivalents” in the unaudited consolidated balance sheets. In addition, as of December 31, 2025, and June 30, 2026, the Company was required to maintain a minimum liquidity, legally restricted (including the cash collateral required under certain of the Company’s FFAs, as described in Note 14), of $13,423 and $67,117, respectively. The increase in legally restricted cash is related to the Third Drawing, as described above. As of June 30, 2026, the Company was in compliance with the applicable financial and other covenants contained in its bank loan agreements and lease financings (Note 8), which are described in Note 9 of the Company’s consolidated financial statements for the year ended December 31, 2025, included in the 2025 Annual Report. The principal payments required to be made after June 30, 2026, for the outstanding bank debt as of that date, are as follows: Long-term bank loans - Principal repayments (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold; width: 89%">Twelve month periods ending</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td id="xdx_491_20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--LongTermDebtMember_zYHFJ7SvPkLl" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%"> Amount </td></tr> <tr id="xdx_401_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pn3n3_maDICAzLVN_zGJBAjooNjra" style="vertical-align: middle; background-color: #CCEEFF"> <td style="padding-left: 15px; text-align: left">June 30, 2027</td> <td style="text-align: right">$</td> <td style="text-align: right"> 230,850</td></tr> <tr id="xdx_402_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pn3n3_maDICAzLVN_zAmRu0wkMcYg" style="vertical-align: middle; background-color: white"> <td style="padding-left: 15px; text-align: left">June 30, 2028</td> <td style="text-align: right"> </td> <td style="text-align: right"> 256,051</td></tr> <tr id="xdx_400_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pn3n3_maDICAzLVN_zUrRdvQSLeQ9" style="vertical-align: middle; background-color: #CCEEFF"> <td style="padding-left: 15px; text-align: left">June 30, 2029</td> <td style="text-align: right"> </td> <td style="text-align: right"> 204,139</td></tr> <tr id="xdx_40A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pn3n3_maDICAzLVN_zof03Db4AiV2" style="vertical-align: middle"> <td style="padding-left: 15px; text-align: left">June 30, 2030</td> <td style="text-align: right; background-color: white"> </td> <td style="text-align: right; background-color: white"> 138,715</td></tr> <tr id="xdx_405_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_pn3n3_maDICAzLVN_zyLDWudzkThi" style="vertical-align: middle; background-color: #CCEEFF"> <td style="padding-left: 15px; text-align: left">June 30, 2031</td> <td style="text-align: right"> </td> <td style="text-align: right"> 116,110</td></tr> <tr id="xdx_406_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_pn3n3_maDICAzLVN_z1aGEeI2y6e9" style="vertical-align: middle; background-color: white"> <td style="padding-left: 15px; text-align: left">June 30, 2032 and thereafter</td> <td style="text-align: right"> </td> <td style="text-align: right"> 84,221</td></tr> <tr id="xdx_407_eus-gaap--DebtInstrumentCarryingAmount_iTI_pn3n3_mtDICAzLVN_zcisRQoMCAvh" style="vertical-align: middle; background-color: #CCEEFF"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total Long-term bank loans & Revolving facilities</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right"> 1,030,086</td></tr> <tr id="xdx_400_eus-gaap--DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_iNI_pn3n3_di_zXoujWSoQBPe" style="vertical-align: bottom"> <td style="padding-left: 15px; text-align: left; background-color: white">Unamortized loan issuance costs</td> <td style="background-color: white"> </td> <td style="text-align: right"> (4,717)</td></tr> <tr id="xdx_405_eus-gaap--LongTermDebt_iI_pn3n3_zXwJqZbkOKQh" style="vertical-align: middle; background-color: #CCEEFF"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total Long-term bank loans & Revolving facilities, net</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right"> 1,025,369</td></tr> <tr id="xdx_405_eus-gaap--LoansPayableToBankCurrent_iI_pn3n3_zYOs06oYKwC1"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Current portion of Long-term bank loans & Revolving facilities</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> 230,850</td></tr> <tr id="xdx_405_eus-gaap--LongTermLoansFromBank_iI_pn3n3_zIghUXoFUrde" style="background-color: #CCEEFF"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Long-term bank loans & Revolving facilities, net of current portion and unamortized loan issuance costs</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> 794,519</td></tr> </table> All of the Company’s bank loans bear interest at SOFR plus a margin. The weighted average interest rate (including the margin) related to the Company’s debt including lease financings (Note 8) for the six-month periods ended June 30, 2025 and 2026 was 5.9% and 5.3%, respectively. 9. Long-term bank loans & Revolving Facilities - continued: The amounts of “Interest and finance costs” included in the unaudited interim condensed consolidated income statements are analyzed as follows: Long-term bank loans - Interest and finance costs (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_493_20250101__20250630_zBXq23hRwIH6" style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td id="xdx_492_20260101__20260630_zIFi8hCXZJ76" style="font-weight: bold; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Six months ended June 30,</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">2025</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">2026</td></tr> <tr id="xdx_407_eus-gaap--InterestExpenseDebt_pn3n3_maIEzCGW_zM2N2wHCQuVf" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Interest on financing agreements</td> <td style="padding-left: 15px; text-align: left">$</td> <td style="text-align: right"> 37,228</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> $ </td> <td style="text-align: right"> 25,631</td></tr> <tr id="xdx_406_ecustom--InterestCostsIncurredCapitalized1_pn3n3_d0_maIEzCGW_zwFOPZplQFL1" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Less: Interest capitalized </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">(736)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">(2,410)</td> </tr> <tr id="xdx_409_eus-gaap--InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_iN_pn3n3_di0_msIEzCGW_zw54saWmL8p6" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Reclassification adjustments of interest rate swap loss/(gain) transferred to Interest and finance costs from Other Comprehensive Loss (Note 14)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (551)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> (212)</td></tr> <tr id="xdx_403_eus-gaap--AmortizationOfFinancingCosts_pn3n3_maIEzCGW_z3PfpTfAYBY3" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Amortization of debt (loan & lease) issuance costs</td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,633</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,381</td></tr> <tr id="xdx_405_ecustom--OtherBankAndFinanceCharges_pn3n3_maIEzCGW_zz2N4Gw0f7R9" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Other bank and finance charges </td> <td style="text-align: right"> </td> <td style="text-align: right"> 559</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> 949</td></tr> <tr id="xdx_405_eus-gaap--InterestExpense_iT_pn3n3_mtIEzCGW_zZyCGsirSl0h" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Interest and finance costs</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: left">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 38,133</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: left">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 25,339</td></tr> </table> During the six-month period ended June 30, 2026, in connection with the loan prepayments described above, the Company wrote off an amount of $523 of unamortized debt issuance costs and incurred prepayment fees of $298, which are included under “Loss on debt extinguishment, net” in the unaudited interim condensed consolidated income statement for the corresponding period. During the six-month period ended June 30, 2025, the Company wrote off an amount of $919 of unamortized debt issuance costs, which are included along with prepayment fees of $31 under “Loss on debt extinguishment, net” in the unaudited interim condensed consolidated income statement for the corresponding period.

2026-03-27

80000000

to refinance the outstanding balance under the then-existing NBG $151,085 Facility, as discussed below, and for general business purposes 15

quarterly

3412000

15334000

March 2030,

is secured by first priority mortgages on the vessels Star Nasia, Star Renee, Star Markella, Star Helena, Star Maria, Star Angelina, Star Gwyneth, Kymopolia, Star Despoina, Star Piera, Star Marianne and Star Nina

60000000

July 2026

secured by first priority mortgages on the vessels Star Pauline, Star Borneo, Star Marilena, Star Bueno, Star Angie, Star Kamila and Star Sophia

2026-04-20

50000000

lower interest margin

2031

2026-06-01

80000000

to replenish cash used for the prepayment of the outstanding balance under the then-existing CEXIM $106,470 Facility, as discussed below 28

quarterly

1667000

33333000

June 2033

is secured by first priority mortgages on the vessels Katie K and Debbie H

6650000 46264000 7631000 16600000 49917000 30000000 48799000 9938000

68000000

67500000

13423000 67117000

As of June 30, 2026, the Company was in compliance with the applicable financial and other covenants contained in its bank loan agreements and lease financings (Note 8), which are described in Note 9 of the Company’s consolidated financial statements for the year ended December 31, 2025, included in the 2025 Annual Report.

Long-term bank loans - Principal repayments (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: white"> <td style="font-weight: bold; width: 89%">Twelve month periods ending</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; width: 1%"> </td> <td id="xdx_491_20260630__us-gaap--LongtermDebtTypeAxis__us-gaap--LongTermDebtMember_zYHFJ7SvPkLl" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right; width: 10%"> Amount </td></tr> <tr id="xdx_401_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pn3n3_maDICAzLVN_zGJBAjooNjra" style="vertical-align: middle; background-color: #CCEEFF"> <td style="padding-left: 15px; text-align: left">June 30, 2027</td> <td style="text-align: right">$</td> <td style="text-align: right"> 230,850</td></tr> <tr id="xdx_402_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pn3n3_maDICAzLVN_zAmRu0wkMcYg" style="vertical-align: middle; background-color: white"> <td style="padding-left: 15px; text-align: left">June 30, 2028</td> <td style="text-align: right"> </td> <td style="text-align: right"> 256,051</td></tr> <tr id="xdx_400_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pn3n3_maDICAzLVN_zUrRdvQSLeQ9" style="vertical-align: middle; background-color: #CCEEFF"> <td style="padding-left: 15px; text-align: left">June 30, 2029</td> <td style="text-align: right"> </td> <td style="text-align: right"> 204,139</td></tr> <tr id="xdx_40A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pn3n3_maDICAzLVN_zof03Db4AiV2" style="vertical-align: middle"> <td style="padding-left: 15px; text-align: left">June 30, 2030</td> <td style="text-align: right; background-color: white"> </td> <td style="text-align: right; background-color: white"> 138,715</td></tr> <tr id="xdx_405_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_pn3n3_maDICAzLVN_zyLDWudzkThi" style="vertical-align: middle; background-color: #CCEEFF"> <td style="padding-left: 15px; text-align: left">June 30, 2031</td> <td style="text-align: right"> </td> <td style="text-align: right"> 116,110</td></tr> <tr id="xdx_406_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_pn3n3_maDICAzLVN_z1aGEeI2y6e9" style="vertical-align: middle; background-color: white"> <td style="padding-left: 15px; text-align: left">June 30, 2032 and thereafter</td> <td style="text-align: right"> </td> <td style="text-align: right"> 84,221</td></tr> <tr id="xdx_407_eus-gaap--DebtInstrumentCarryingAmount_iTI_pn3n3_mtDICAzLVN_zcisRQoMCAvh" style="vertical-align: middle; background-color: #CCEEFF"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total Long-term bank loans & Revolving facilities</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right"> 1,030,086</td></tr> <tr id="xdx_400_eus-gaap--DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_iNI_pn3n3_di_zXoujWSoQBPe" style="vertical-align: bottom"> <td style="padding-left: 15px; text-align: left; background-color: white">Unamortized loan issuance costs</td> <td style="background-color: white"> </td> <td style="text-align: right"> (4,717)</td></tr> <tr id="xdx_405_eus-gaap--LongTermDebt_iI_pn3n3_zXwJqZbkOKQh" style="vertical-align: middle; background-color: #CCEEFF"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total Long-term bank loans & Revolving facilities, net</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: black 2pt double; font-weight: bold; text-align: right"> 1,025,369</td></tr> <tr id="xdx_405_eus-gaap--LoansPayableToBankCurrent_iI_pn3n3_zYOs06oYKwC1"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Current portion of Long-term bank loans & Revolving facilities</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> 230,850</td></tr> <tr id="xdx_405_eus-gaap--LongTermLoansFromBank_iI_pn3n3_zIghUXoFUrde" style="background-color: #CCEEFF"> <td style="padding-left: 15px; vertical-align: middle; text-align: left">Long-term bank loans & Revolving facilities, net of current portion and unamortized loan issuance costs</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> 794,519</td></tr> </table>

230850000

256051000

204139000

138715000

116110000

84221000

1030086000

4717000

1025369000

230850000

794519000

SOFR

0.059

0.053

Long-term bank loans - Interest and finance costs (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left"> </td> <td style="font-weight: bold; text-align: right"> </td> <td id="xdx_493_20250101__20250630_zBXq23hRwIH6" style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td style="font-weight: bold; vertical-align: bottom; text-align: center"> </td> <td id="xdx_492_20260101__20260630_zIFi8hCXZJ76" style="font-weight: bold; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Six months ended June 30,</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">2025</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">2026</td></tr> <tr id="xdx_407_eus-gaap--InterestExpenseDebt_pn3n3_maIEzCGW_zM2N2wHCQuVf" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Interest on financing agreements</td> <td style="padding-left: 15px; text-align: left">$</td> <td style="text-align: right"> 37,228</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> $ </td> <td style="text-align: right"> 25,631</td></tr> <tr id="xdx_406_ecustom--InterestCostsIncurredCapitalized1_pn3n3_d0_maIEzCGW_zwFOPZplQFL1" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Less: Interest capitalized </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">(736)</td> <td style="text-align: right"> </td> <td style="padding-left: 15px; text-align: left"> </td> <td style="text-align: right">(2,410)</td> </tr> <tr id="xdx_409_eus-gaap--InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_iN_pn3n3_di0_msIEzCGW_zw54saWmL8p6" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Reclassification adjustments of interest rate swap loss/(gain) transferred to Interest and finance costs from Other Comprehensive Loss (Note 14)</td> <td style="text-align: right"> </td> <td style="text-align: right"> (551)</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> (212)</td></tr> <tr id="xdx_403_eus-gaap--AmortizationOfFinancingCosts_pn3n3_maIEzCGW_z3PfpTfAYBY3" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Amortization of debt (loan & lease) issuance costs</td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,633</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> 1,381</td></tr> <tr id="xdx_405_ecustom--OtherBankAndFinanceCharges_pn3n3_maIEzCGW_zz2N4Gw0f7R9" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Other bank and finance charges </td> <td style="text-align: right"> </td> <td style="text-align: right"> 559</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> 949</td></tr> <tr id="xdx_405_eus-gaap--InterestExpense_iT_pn3n3_mtIEzCGW_zZyCGsirSl0h" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Interest and finance costs</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: left">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 38,133</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-left: 15px; font-weight: bold; text-align: left">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 25,339</td></tr> </table>

37228000

25631000

-736000 -2410000

551000

212000

1633000

1381000

559000 949000

38133000

25339000

523000

298000

919000

31000

10. Preferred and Common Shares and Additional Paid-in Capital: Details of the Company’s preferred shares and common shares are discussed in Note 10 of the Company’s consolidated financial statements for the year ended December 31, 2025, included in the 2025 Annual Report. On February 25, 2026, the Company’s Board of Directors cancelled the 2025 Share Repurchase Program, under which $37,550 was still outstanding to be repurchased and authorized a new share repurchase program (the “2026 Share Repurchase Program”), with similar terms, of up to an aggregate of $<span id="xdx_90E_esrt--StockRepurchaseProgramAuthorizedAmount1_iI_pn3n3_c20260225__srt--ShareRepurchaseProgramAxis__custom--New2026ShareRepurchaseProgramMember__srt--RangeAxis__srt--MaximumMember_zWajlsmDLdzb">100,000 (together with the previously authorized share repurchase program, the “Share Repurchase Programs”). During the six-month period ended June 30, 2026, under the Share Repurchase Programs the Company repurchased 2,208,251 common shares at an average price of $20.98 per share for an aggregate consideration of $46,327. Of these, 1,894,357 repurchased shares were cancelled and removed from the Company’s share capital as of June 30, 2026. The remaining <span id="xdx_904_eus-gaap--TreasuryStockSharesAcquired_pp0p0_uShares_c20260101__20260630__srt--ShareRepurchaseProgramAxis__custom--New2026ShareRepurchaseProgramMember__srt--StatementScenarioAxis__custom--NotCancelledPeriodMember_zXw8lZsdwNF3">313,894 repurchased shares, which had not been cancelled as of June 30, 2026, are presented under “Treasury Shares” in the unaudited consolidated balance sheet. Pursuant to its dividend policy, during the six-month period ended June 30, 2026, the Company declared and paid cash dividends of $97,580 or $0.87 per common share.

37550000 100000000

2208251

20.98

46327

1894357

313894

97580000

0.87

11. Earnings per Share: The computation of basic earnings per share is based on the weighted average number of common shares outstanding for the six-month periods ended June 30, 2025 and 2026. The calculation of basic earnings per share does not consider the non-vested shares as outstanding until the time-based vesting restriction has lapsed. Diluted earnings per share gives effect to stock awards and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. The Company calculates basic and diluted earnings per share as follows: <p id="xdx_899_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_zDW6m6sjjS6h" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; background-color: white">Earning per Share (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="font-weight: bold; vertical-align: middle; background-color: white; width: 76%"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 10pt; text-align: center; width: 1%"> </td> <td id="xdx_49B_20250101__20250630_zyj35AuTRsg4" style="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 10pt; text-align: center; width: 11%"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 10pt; text-align: center; width: 1%"> </td> <td id="xdx_495_20260101__20260630_zKBvgyuKx4Ij" style="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 10pt; text-align: center; width: 11%"> </td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; background-color: white"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 10pt; text-align: center"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 10pt; text-align: center">Six months ended June 30,</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">2025</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">2026</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 10pt">Income :</td> <td style="text-align: right; border-top-color: black; border-top-width: 1pt"> </td> <td style="text-align: right; border-top-color: black; border-top-width: 1pt"> </td> <td style="text-align: right; border-top-color: black; border-top-width: 1pt"> </td> <td style="text-align: right; border-top-color: black; border-top-width: 1pt"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLoss_zLXSrMeJtkdi" style="vertical-align: middle; background-color: White"> <td style="padding-right: 5.4pt; padding-left: 10pt">Net income</td> <td style="text-align: right">$</td> <td style="border-bottom: black 2pt double; text-align: right"> 501</td> <td style="text-align: right"> $ </td> <td style="border-bottom: black 2pt double; text-align: right"> 203,481</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 10pt">Basic earnings per share:</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_405_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_uShares_zDmgWEsTBZl7" style="vertical-align: middle; background-color: White"> <td style="padding-right: 5.4pt; padding-left: 10pt">Weighted average common shares outstanding, basic</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> 116,583,497</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> 111,297,374</td></tr> <tr id="xdx_400_eus-gaap--EarningsPerShareBasic_pip0_uUSDPShares_zHjfzH47mV16" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 10pt">Basic earnings per share</td> <td style="font-weight: bold; text-align: right">$</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> 0.00</td> <td style="font-weight: bold; text-align: right"> $ </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> 1.83</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 10pt">Effect of dilutive securities:</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_406_eus-gaap--IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_pip0_d0_uShares_zb66972F7sba" style="vertical-align: middle; background-color: White"> <td style="padding-right: 5.4pt; padding-left: 10pt">Dilutive effect of non vested shares</td> <td style="text-align: right"> </td> <td style="text-align: right"> 171,945</td> <td style="text-align: right"> </td> <td style="text-align: right"> 400,424</td></tr> <tr id="xdx_408_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_uShares_z1YqxbwJCvGk" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 10pt">Weighted average common shares outstanding, diluted</td> <td style="text-align: right"> </td> <td style="text-align: right"> 116,755,442</td> <td style="text-align: right"> </td> <td style="text-align: right"> 111,697,798</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_405_eus-gaap--EarningsPerShareDiluted_pip0_uUSDPShares_zwKKHMC0lVa2" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 10pt">Diluted earnings per share</td> <td style="font-weight: bold; text-align: right">$</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> 0.00</td> <td style="font-weight: bold; text-align: right"> $ </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> 1.82</td></tr> </table>

<p id="xdx_899_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_zDW6m6sjjS6h" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; background-color: white">Earning per Share (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="font-weight: bold; vertical-align: middle; background-color: white; width: 76%"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 10pt; text-align: center; width: 1%"> </td> <td id="xdx_49B_20250101__20250630_zyj35AuTRsg4" style="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 10pt; text-align: center; width: 11%"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 10pt; text-align: center; width: 1%"> </td> <td id="xdx_495_20260101__20260630_zKBvgyuKx4Ij" style="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 10pt; text-align: center; width: 11%"> </td></tr> <tr> <td style="font-weight: bold; vertical-align: middle; background-color: white"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 10pt; text-align: center"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 10pt; text-align: center">Six months ended June 30,</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">2025</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">2026</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 10pt">Income :</td> <td style="text-align: right; border-top-color: black; border-top-width: 1pt"> </td> <td style="text-align: right; border-top-color: black; border-top-width: 1pt"> </td> <td style="text-align: right; border-top-color: black; border-top-width: 1pt"> </td> <td style="text-align: right; border-top-color: black; border-top-width: 1pt"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLoss_zLXSrMeJtkdi" style="vertical-align: middle; background-color: White"> <td style="padding-right: 5.4pt; padding-left: 10pt">Net income</td> <td style="text-align: right">$</td> <td style="border-bottom: black 2pt double; text-align: right"> 501</td> <td style="text-align: right"> $ </td> <td style="border-bottom: black 2pt double; text-align: right"> 203,481</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 10pt">Basic earnings per share:</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_405_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_uShares_zDmgWEsTBZl7" style="vertical-align: middle; background-color: White"> <td style="padding-right: 5.4pt; padding-left: 10pt">Weighted average common shares outstanding, basic</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> 116,583,497</td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: right"> 111,297,374</td></tr> <tr id="xdx_400_eus-gaap--EarningsPerShareBasic_pip0_uUSDPShares_zHjfzH47mV16" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 10pt">Basic earnings per share</td> <td style="font-weight: bold; text-align: right">$</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> 0.00</td> <td style="font-weight: bold; text-align: right"> $ </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> 1.83</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 10pt">Effect of dilutive securities:</td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_406_eus-gaap--IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_pip0_d0_uShares_zb66972F7sba" style="vertical-align: middle; background-color: White"> <td style="padding-right: 5.4pt; padding-left: 10pt">Dilutive effect of non vested shares</td> <td style="text-align: right"> </td> <td style="text-align: right"> 171,945</td> <td style="text-align: right"> </td> <td style="text-align: right"> 400,424</td></tr> <tr id="xdx_408_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_uShares_z1YqxbwJCvGk" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 10pt">Weighted average common shares outstanding, diluted</td> <td style="text-align: right"> </td> <td style="text-align: right"> 116,755,442</td> <td style="text-align: right"> </td> <td style="text-align: right"> 111,697,798</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_405_eus-gaap--EarningsPerShareDiluted_pip0_uUSDPShares_zwKKHMC0lVa2" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 10pt">Diluted earnings per share</td> <td style="font-weight: bold; text-align: right">$</td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> 0.00</td> <td style="font-weight: bold; text-align: right"> $ </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right"> 1.82</td></tr> </table>

501000

203481000

116583497

111297374

0.00

1.83

171945

400424

116755442

111697798

0.00

1.82

12. Equity Incentive Plans: Details of the Company’s equity incentive plans and share awards granted through December 31, 2025, are discussed in Note 12 of the Company’s consolidated financial statements for the year ended December 31, 2025, included in the 2025 Annual Report. During the six-month period ended June 30, 2026, the Company issued 455,130 common shares in connection with its equity incentive plans discussed below and in Note 12 of the Company’s consolidated financial statements for the year ended December 31, 2025, included in the 2025 Annual Report. In May 2026, the Company’s Board of Directors adopted the 2026 Equity Incentive Plan (the “2026 Plan”) and reserved for issuance <span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pip0_uShares_c20260519__us-gaap--PlanNameAxis__custom--EquityIncentivePlan2026Member_z4GiWdEoOk9b">687,600 common shares thereunder. On May 19, 2026, all of these restricted common shares were granted to certain directors officers and employees, of which <span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_iI_uShares_c20261130__us-gaap--PlanNameAxis__custom--EquityIncentivePlan2026Member__us-gaap--VestingAxis__custom--VestInNovember2026Member_z6cyxIPTwvJa">384,751 restricted common shares vest in November 2026, <span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_iI_uShares_c20270531__us-gaap--PlanNameAxis__custom--EquityIncentivePlan2026Member__us-gaap--VestingAxis__custom--VestInMay2027Member_zD4Vsb0q3rbd">222,884 restricted common shares vest in May 2027 and the remaining <span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_iI_uShares_c20290531__us-gaap--PlanNameAxis__custom--EquityIncentivePlan2026Member__us-gaap--VestingAxis__custom--VestInMay2029Member_zZClpOjIX2Fd">79,965 restricted common shares vest in May 2029. The fair value of each share was $<span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_uUSDPShares_c20260101__20260519__us-gaap--PlanNameAxis__custom--EquityIncentivePlan2026Member_zoAG115TvMw2" title="Grant date fair value">26.08 based on the closing price of the Company’s common shares on the grant date. The share-based compensation cost for the six-month periods ended June 30, 2025 and 2026, which is included under “General and administrative expenses” in the unaudited interim condensed consolidated income statements, amounted to $6,431 and $5,902, respectively. 12. Equity Incentive Plans - continued: A summary of the status of the Company’s non-vested restricted shares as of June 30, 2026 and the movement during the six-month period ended June 30, 2026 is presented below. <p id="xdx_890_eus-gaap--ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock_z5C8Avu494ph" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; background-color: white">Equity Incentive Plans - Summary of non-vested restricted share options (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle"> <td style="width: 77%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 10pt; text-align: right; width: 11%">Number of shares</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 10pt; text-align: right; width: 11%">Weighted Average Grant Date Fair Value per share</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Unvested as at January 1, 2026</td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pip0_uShares_c20260101__20260630_z91eDIqR8jE4" style="text-align: right" title="Unvested as at January 1, 2025 | shares">655,050</td> <td style="text-align: right">$</td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pip0_uUSDPShares_c20260101__20260630_zhmoeV8s4nHa" style="text-align: right" title="Unvested as at January 1, 2025 | $ / shares">16.38</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Granted</td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pip0_uShares_c20260101__20260630_zBEwdOf5azwg" style="text-align: right" title="Granted | shares">687,600</td> <td style="text-align: right"> </td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pip0_uUSDPShares_c20260101__20260630_z8nHi3FQGu4e" style="text-align: right" title="Granted | $ / shares">26.08</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Vested</td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pip0_di_uShares_c20260101__20260630_z17A5Fn9VWU6" style="border-bottom: Black 0.5pt solid; text-align: right" title="Vested | shares">(472,447)</td> <td style="text-align: right"> </td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_pip0_uUSDPShares_c20260101__20260630_z1PqOzskUBYc" style="border-bottom: Black 0.5pt solid; text-align: right" title="Vested | $ / shares">15.43</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Unvested as at June 30, 2026</td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pip0_uShares_c20260101__20260630_zVYmBfWZ8CLc" style="border-bottom: black 2pt double; font-weight: bold; text-align: right" title="Unvested as at June 30, 2025 | shares">870,203</td> <td style="font-weight: bold; text-align: right">$</td> <td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_pip0_uUSDPShares_c20260101__20260630_zxS2SHFQnfc3" style="border-bottom: black 2pt double; font-weight: bold; text-align: right" title="Unvested as at June 30, 2025 | $ / shares">24.56</td></tr> </table> As of June 30, 2026, the estimated compensation cost relating to non-vested restricted share awards not yet recognized is $<span id="xdx_90E_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions_iI_pn3n3_c20260630_zvrI5qBrtEN1" title="Estimated compensation cost relating to non-vested restricted awards">16,473 and is expected to be recognized over the weighted average period of <span id="xdx_90B_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_dtY_c20260101__20260630_zBPygGY8TZF8" title="Weighted average period">0.97 years. During the six-month period ended June 30, 2026, the Company paid $678 for dividends to shareholders of non-vested shares.

455130

687600

384751

222884

79965

26.08

6431000

5902000

<p id="xdx_890_eus-gaap--ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock_z5C8Avu494ph" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; background-color: white">Equity Incentive Plans - Summary of non-vested restricted share options (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle"> <td style="width: 77%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 10pt; text-align: right; width: 11%">Number of shares</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 10pt; text-align: right; width: 11%">Weighted Average Grant Date Fair Value per share</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Unvested as at January 1, 2026</td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pip0_uShares_c20260101__20260630_z91eDIqR8jE4" style="text-align: right" title="Unvested as at January 1, 2025 | shares">655,050</td> <td style="text-align: right">$</td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pip0_uUSDPShares_c20260101__20260630_zhmoeV8s4nHa" style="text-align: right" title="Unvested as at January 1, 2025 | $ / shares">16.38</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; text-align: left">Granted</td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pip0_uShares_c20260101__20260630_zBEwdOf5azwg" style="text-align: right" title="Granted | shares">687,600</td> <td style="text-align: right"> </td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pip0_uUSDPShares_c20260101__20260630_z8nHi3FQGu4e" style="text-align: right" title="Granted | $ / shares">26.08</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; text-align: left">Vested</td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pip0_di_uShares_c20260101__20260630_z17A5Fn9VWU6" style="border-bottom: Black 0.5pt solid; text-align: right" title="Vested | shares">(472,447)</td> <td style="text-align: right"> </td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_pip0_uUSDPShares_c20260101__20260630_z1PqOzskUBYc" style="border-bottom: Black 0.5pt solid; text-align: right" title="Vested | $ / shares">15.43</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Unvested as at June 30, 2026</td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pip0_uShares_c20260101__20260630_zVYmBfWZ8CLc" style="border-bottom: black 2pt double; font-weight: bold; text-align: right" title="Unvested as at June 30, 2025 | shares">870,203</td> <td style="font-weight: bold; text-align: right">$</td> <td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_pip0_uUSDPShares_c20260101__20260630_zxS2SHFQnfc3" style="border-bottom: black 2pt double; font-weight: bold; text-align: right" title="Unvested as at June 30, 2025 | $ / shares">24.56</td></tr> </table>

655050

16.38

687600

26.08

472447

15.43

870203

24.56

16473000

P0Y11M19D

678000

13. Commitments and Contingencies: a) Commitments: The following tables set forth inflows and outflows related to the Company’s charter party arrangements and other commitments, as of June 30, 2026. Charter party arrangements: <p id="xdx_891_esrt--ContractualObligationFiscalYearMaturityScheduleTableTextBlock_zNHkXaHK5iP2" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; background-color: white">Commitments and Contingencies - Charter party agreements (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"><td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: justify"> </td> <td colspan="16" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> Twelve-month periods ending June 30,</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-style: italic; text-align: justify; width: 40%">+ inflows/ - outflows</td> <td style="font-style: italic; text-align: justify; width: 1%"> </td> <td style="font-style: italic; text-align: justify; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">Total</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2027</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2028</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2029</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2030</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2031 and thereafter</td> </tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="text-align: justify">Future, minimum, non-cancellable charter revenues (1) </td> <td style="text-align: justify"> </td> <td style="text-align: justify">$</td> <td style="text-align: right"> <span id="xdx_900_eus-gaap--LessorOperatingLeasePaymentsToBeReceived_iI_pn3n3_d0_c20260630__us-gaap--OtherCommitmentsAxis__custom--FutureMinimumNonCancellableCharterRevenueMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_fKDEp_zRMeOJce4tE7" title="Total">160,350</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_90C_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_iI_pn3n3_d0_c20260630__us-gaap--OtherCommitmentsAxis__custom--FutureMinimumNonCancellableCharterRevenueMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_fKDEp_ziLcuztSV6T8" title="2027">146,429</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_90C_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedTwoYears_iI_pn3n3_d0_c20260630__us-gaap--OtherCommitmentsAxis__custom--FutureMinimumNonCancellableCharterRevenueMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_fKDEp_zUEpL6kQPotj" title="2028">11,713</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_901_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedThreeYears_iI_pn3n3_d0_c20260630__us-gaap--OtherCommitmentsAxis__custom--FutureMinimumNonCancellableCharterRevenueMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_fKDEp_zzxlyiDqnNL6" title="2029">2,208</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_90E_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedFourYears_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--FutureMinimumNonCancellableCharterRevenueMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_fKDEp_zlpdvincGaR8" title="2030">—</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_900_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedThereafter_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--FutureMinimumNonCancellableCharterRevenueMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_fKDEp_zQR91ZlWg6Kl" title="2031 and thereafter">—</td> </tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> </tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">Total </td> <td style="font-weight: bold; text-align: justify"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 160,350</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> <span id="xdx_909_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_iI_pn3n3_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zsADv1H4HaFk" title="2028">146,429</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> <span id="xdx_90D_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedTwoYears_iI_pn3n3_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zB3xlOaHyz38" title="2028">11,713</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> <span id="xdx_90C_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedThreeYears_iI_pn3n3_d0_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zsfEsAg33tA1" title="2029">2,208</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> <span id="xdx_903_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedFourYears_iNI_pn3n3_di0_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zGA6i2xyoov2" title="2030">—</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> <span id="xdx_90C_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedThereafter_iNI_pn3n3_di0_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zid64co6gnGd" title="2031 and thereafter">—</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 18pt"></td><td id="xdx_F0C_zDpg5805fSHi" style="width: 18pt">(1)</td><td id="xdx_F1C_z0o5JdCBZ9A7" style="text-align: justify">The amounts represent the minimum contractual charter revenues to be generated from the existing, as of June 30, 2026, non-cancellable time charter agreements, until their expiration, net of address commission, assuming no off-hire days, other than those related to scheduled interim and special surveys of the vessels. Future inflows also include revenues deriving from index linked charter agreements using i) the index rates at the commencement date of each agreement, in compliance with ASC 842, and do not reflect relevant index charter rate information prevailing as of June 30, 2026 and ii) the remaining minimum duration of each non-cancellable time charter agreement.</td></tr></table> Other commitments: Commitments and Contingencies - Other Commitments (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"><td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: justify"> </td> <td colspan="16" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Twelve-month periods ending June 30,</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-style: italic; text-align: justify; width: 40%">+ inflows/ - outflows</td> <td style="font-style: italic; text-align: justify; width: 1%"> </td> <td style="font-style: italic; text-align: justify; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">Total</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2027</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2028</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2029</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2030</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2031 and thereafter</td> </tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="text-align: justify">Vessel BWTS upgrades and ESD (1) </td> <td style="text-align: justify"> </td> <td style="text-align: justify">$</td> <td style="text-align: right"> <span id="xdx_90A_eus-gaap--ContractualObligation_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--BWTSMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--CommitmentsMember_fKDEp_z03m0aoimpo2" title="Total">(8,624)</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_905_eus-gaap--ContractualObligationDueInNextTwelveMonths_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--BWTSMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--CommitmentsMember_fKDEp_zbEwWgM35obf" title="2027">(8,624)</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_90F_eus-gaap--ContractualObligationDueInSecondYear_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--BWTSMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--CommitmentsMember_fKDEp_z4tY8bmepAtf" title="2028">—</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_905_eus-gaap--ContractualObligationDueInThirdYear_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--BWTSMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--CommitmentsMember_fKDEp_zUHsPCxEvKRd" title="2029">—</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_908_eus-gaap--ContractualObligationDueInFourthYear_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--BWTSMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--CommitmentsMember_fKDEp_znDYs9XpCNEb" title="2030">—</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_905_ecustom--ContractualObligationDueAfterFourthYear_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--BWTSMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--CommitmentsMember_fKDEp_zf56CSlvVUAj" title="2031 and thereafter">—</td> </tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> </tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">Total </td> <td style="font-weight: bold; text-align: justify"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (8,624)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (8,624)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> —</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> —</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> —</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> —</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 31.5pt"></td><td id="xdx_F03_zBoiepCgpoNh" style="width: 18pt">(1)</td><td id="xdx_F19_zrduKzCHEa64" style="text-align: justify">The amounts represent the Company’s commitments as of June 30, 2026, for installation of BWTS upgrades and ESD on its vessels to comply with environmental regulations.</td></tr></table> The Company has outstanding commitments under vessel construction contracts as of June 30, 2026, as described in Note 6 “Vessels and other fixed assets, net, Vessel held for sale and Advances for vessels under construction”. 13. Commitments and Contingencies - continued: b) Legal proceedings Various claims, suits, and complaints, including those involving government regulations and product liability, arise in the ordinary course of the shipping business. In addition, losses may arise from disputes with charterers, agents, insurance and other claims with suppliers relating to the operations of the Company’s vessels. The Company accrues for the cost of environmental liabilities when management becomes aware that a liability is probable and is able to reasonably estimate the probable exposure. The Company is involved in non-material legal proceedings and may become involved in other legal matters arising in the ordinary course of its business, principally personal injury and property casualty claims. Generally, we expect that such claims would be covered by insurance, subject to customary deductibles. Certain routine non-material commercial claims have been asserted against the Company, or by the Company against charterers, that relate to contractual disputes with certain of our charterers. The nature of these disputes involves disagreements over losses claimed by charterers, or by the Company, during or as a result of the performance of certain charters, including, but not limited to, delays in the performance of the charters and off-hire during the charters. The related legal proceedings are at various stages of resolution. Currently, other than as disclosed above, management is not aware of, and has not accrued for, any such claims or contingent liabilities requiring disclosure in the consolidated financial statements. In accordance with U.S. GAAP, the Company accrues for contingent liabilities when it is probable that such a liability has been incurred and the amount of loss can be reasonably estimated. The Company evaluates its outstanding legal proceedings to assess its contingent liabilities and adjusts such liabilities, as appropriate, based on management’s best judgment after consultation with counsel. There is no assurance that the Company’s contingent liabilities will not need to be adjusted in the future.

<p id="xdx_891_esrt--ContractualObligationFiscalYearMaturityScheduleTableTextBlock_zNHkXaHK5iP2" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; background-color: white">Commitments and Contingencies - Charter party agreements (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"><td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: justify"> </td> <td colspan="16" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"> Twelve-month periods ending June 30,</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-style: italic; text-align: justify; width: 40%">+ inflows/ - outflows</td> <td style="font-style: italic; text-align: justify; width: 1%"> </td> <td style="font-style: italic; text-align: justify; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">Total</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2027</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2028</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2029</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2030</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2031 and thereafter</td> </tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="text-align: justify">Future, minimum, non-cancellable charter revenues (1) </td> <td style="text-align: justify"> </td> <td style="text-align: justify">$</td> <td style="text-align: right"> <span id="xdx_900_eus-gaap--LessorOperatingLeasePaymentsToBeReceived_iI_pn3n3_d0_c20260630__us-gaap--OtherCommitmentsAxis__custom--FutureMinimumNonCancellableCharterRevenueMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_fKDEp_zRMeOJce4tE7" title="Total">160,350</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_90C_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_iI_pn3n3_d0_c20260630__us-gaap--OtherCommitmentsAxis__custom--FutureMinimumNonCancellableCharterRevenueMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_fKDEp_ziLcuztSV6T8" title="2027">146,429</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_90C_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedTwoYears_iI_pn3n3_d0_c20260630__us-gaap--OtherCommitmentsAxis__custom--FutureMinimumNonCancellableCharterRevenueMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_fKDEp_zUEpL6kQPotj" title="2028">11,713</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_901_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedThreeYears_iI_pn3n3_d0_c20260630__us-gaap--OtherCommitmentsAxis__custom--FutureMinimumNonCancellableCharterRevenueMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_fKDEp_zzxlyiDqnNL6" title="2029">2,208</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_90E_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedFourYears_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--FutureMinimumNonCancellableCharterRevenueMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_fKDEp_zlpdvincGaR8" title="2030">—</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_900_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedThereafter_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--FutureMinimumNonCancellableCharterRevenueMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_fKDEp_zQR91ZlWg6Kl" title="2031 and thereafter">—</td> </tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> </tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">Total </td> <td style="font-weight: bold; text-align: justify"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 160,350</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> <span id="xdx_909_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_iI_pn3n3_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zsADv1H4HaFk" title="2028">146,429</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> <span id="xdx_90D_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedTwoYears_iI_pn3n3_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zB3xlOaHyz38" title="2028">11,713</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> <span id="xdx_90C_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedThreeYears_iI_pn3n3_d0_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zsfEsAg33tA1" title="2029">2,208</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> <span id="xdx_903_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedFourYears_iNI_pn3n3_di0_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zGA6i2xyoov2" title="2030">—</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> <span id="xdx_90C_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedThereafter_iNI_pn3n3_di0_c20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zid64co6gnGd" title="2031 and thereafter">—</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 18pt"></td><td id="xdx_F0C_zDpg5805fSHi" style="width: 18pt">(1)</td><td id="xdx_F1C_z0o5JdCBZ9A7" style="text-align: justify">The amounts represent the minimum contractual charter revenues to be generated from the existing, as of June 30, 2026, non-cancellable time charter agreements, until their expiration, net of address commission, assuming no off-hire days, other than those related to scheduled interim and special surveys of the vessels. Future inflows also include revenues deriving from index linked charter agreements using i) the index rates at the commencement date of each agreement, in compliance with ASC 842, and do not reflect relevant index charter rate information prevailing as of June 30, 2026 and ii) the remaining minimum duration of each non-cancellable time charter agreement.</td></tr></table>

160350000

146429000

11713000

2208000

-0

160350000

146429000

11713000

2208000

-0

Commitments and Contingencies - Other Commitments (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"><td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="border-bottom: Black 0.5pt solid; text-align: justify"> </td> <td colspan="16" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Twelve-month periods ending June 30,</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-style: italic; text-align: justify; width: 40%">+ inflows/ - outflows</td> <td style="font-style: italic; text-align: justify; width: 1%"> </td> <td style="font-style: italic; text-align: justify; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">Total</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2027</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2028</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2029</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2030</td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 1%"> </td> <td style="font-weight: bold; text-align: right; width: 8%">2031 and thereafter</td> </tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="text-align: justify">Vessel BWTS upgrades and ESD (1) </td> <td style="text-align: justify"> </td> <td style="text-align: justify">$</td> <td style="text-align: right"> <span id="xdx_90A_eus-gaap--ContractualObligation_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--BWTSMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--CommitmentsMember_fKDEp_z03m0aoimpo2" title="Total">(8,624)</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_905_eus-gaap--ContractualObligationDueInNextTwelveMonths_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--BWTSMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--CommitmentsMember_fKDEp_zbEwWgM35obf" title="2027">(8,624)</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_90F_eus-gaap--ContractualObligationDueInSecondYear_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--BWTSMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--CommitmentsMember_fKDEp_z4tY8bmepAtf" title="2028">—</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_905_eus-gaap--ContractualObligationDueInThirdYear_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--BWTSMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--CommitmentsMember_fKDEp_zUHsPCxEvKRd" title="2029">—</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_908_eus-gaap--ContractualObligationDueInFourthYear_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--BWTSMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--CommitmentsMember_fKDEp_znDYs9XpCNEb" title="2030">—</td> <td style="text-align: right"> </td> <td style="text-align: justify"> $ </td> <td style="text-align: right"> <span id="xdx_905_ecustom--ContractualObligationDueAfterFourthYear_iNI_pn3n3_di0_c20260630__us-gaap--OtherCommitmentsAxis__custom--BWTSMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--CommitmentsMember_fKDEp_zf56CSlvVUAj" title="2031 and thereafter">—</td> </tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: justify"> </td> <td style="text-align: right"> </td> </tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">Total </td> <td style="font-weight: bold; text-align: justify"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (8,624)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> (8,624)</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> —</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> —</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> —</td> <td style="font-weight: bold; text-align: right"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: justify">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> —</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top"> <td style="width: 31.5pt"></td><td id="xdx_F03_zBoiepCgpoNh" style="width: 18pt">(1)</td><td id="xdx_F19_zrduKzCHEa64" style="text-align: justify">The amounts represent the Company’s commitments as of June 30, 2026, for installation of BWTS upgrades and ESD on its vessels to comply with environmental regulations.</td></tr></table>

8624000

-0

8624000

-0

14. Fair value measurements and Hedging: Fair value on a recurring basis: Interest rate swaps As of June 30, 2026, the Company had no interest rate swaps in place. Historically, the Company entered into interest rate swaps to convert a portion of its debt from floating-rate debt to fixed rates. Until March 31, 2025, these interest rate swaps were designated and qualified as cash flow hedges, with the effective portion of the unrealized gains/losses recognized in “Other Comprehensive income/(loss)”. Effective April 1, 2025, these interest rate swaps were de-designated from cash flow hedges as they no longer met the hedge accounting criteria. Accordingly, a gain of $<span id="xdx_906_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20250101__20250630__srt--StatementScenarioAxis__custom--DeDesignatedInterestRateSwapsMember_zJO3zSKuz0Oi">446 for the six-month period ended June 30, 2025 was recognized under “Gain/(Loss) on derivative financial instruments, net” in the unaudited interim condensed consolidated income statement for the corresponding period. In addition, in connection with early terminated interest rate swaps during the six-month period ended June 30, 2025 the Company recorded a gain of $771, which is included under “Loss on debt extinguishment, net” in the unaudited interim condensed consolidated income statement for the corresponding period. In connection with the amortization of the previously recognized amounts under “Other comprehensive income/(loss)”, an amount of $212 is included under “Gain/(Loss) on derivative financial instruments, net” in the unaudited interim condensed consolidated income statement for the six-month period ended June 30, 2026. Freight Derivatives and Bunker Swaps The results of the Company’s freight derivatives and bunker swaps for the six-month periods ended June 30, 2025 and 2026 and the valuation of their open positions as of December 31, 2025 and June 30, 2026, based on Level 1 quoted market prices in active markets, are presented in the tables below. <p id="xdx_895_eus-gaap--ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_zrdACExVUvwb" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; background-color: white">Fair value measurements and Hedging - Derivative instruments effect on statements of operations (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: white"> <td style="vertical-align: bottom; width: 76%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td id="xdx_498_20250101__20250630_zFxTS3jlvVzj" style="font-weight: bold; vertical-align: middle; text-align: center; width: 11%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td id="xdx_497_20260101__20260630_zyPgrD6etPJd" style="font-weight: bold; vertical-align: middle; text-align: center; width: 11%"> </td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Six months ended June 30,</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right">2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right">2026</td></tr> <tr style="background-color: White"> <td style="font-weight: bold; vertical-align: middle">Consolidated Income Statement</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_40B_eus-gaap--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAbstract_iB_zCF8btQyoRGi" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Gain/(Loss) on derivative financial instruments, net</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"></td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_408_ecustom--RealizedGainLossOnInterestRateSwapsNotDesignatedAsHedgingInstruments_pn3n3_d0_ztw2GPlqIrxh" style="vertical-align: middle; background-color: White"> <td style="padding-left: 30px; text-align: left">Realized gain/(loss) of de-designated accounting hedging relationship of interest rate swaps </td> <td style="padding-left: 30px; text-align: left"></td> <td style="text-align: right"> 400</td> <td style="text-align: right"> </td> <td style="text-align: right"> — </td></tr> <tr id="xdx_401_ecustom--UnrealizedGainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_d0_zF7Vp1aRE5mc" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 30px; text-align: left">Unrealized gain/(loss) of de-designated accounting hedging relationship of interest rate swaps </td> <td style="padding-left: 30px; text-align: left"></td> <td style="text-align: right"> 46</td> <td style="text-align: right"> </td> <td style="text-align: right"> 212</td></tr> <tr id="xdx_402_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_iT_pn3n3_d0_zdUvAxrc0Z0l" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total Gain/(loss) recognized</td> <td style="font-weight: bold; vertical-align: middle; text-align: center">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 446</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> $ </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 212</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_403_eus-gaap--InterestAndDebtExpenseAbstract_iB_zgVlY0z5oqs7" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; font-style: italic; text-align: left">Interest and finance costs</td> <td style="padding-left: 15px; font-weight: bold; font-style: italic; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; font-weight: bold; font-style: italic; text-align: left"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_400_eus-gaap--InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_pn3n3_d0_zZRmDcGmh85f" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 30px; text-align: left">Reclassification adjustments of interest rate swap (loss)/gain transferred to Interest and finance costs from Other comprehensive income/(loss) (Note 9)</td> <td style="padding-left: 45px; text-align: left"> </td> <td style="text-align: right"> 551</td> <td style="padding-left: 45px; text-align: left"> </td> <td style="text-align: right"> 212</td></tr> <tr id="xdx_408_ecustom--GainLossOnDerivativeInstrumentsAggregateNetEffectInEarnings_iT_pn3n3_d0_zJaaTPy7BPJb" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total Gain/(loss) recognized </td> <td style="font-weight: bold; vertical-align: middle; text-align: center">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 551</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> $ </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 212</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40A_eus-gaap--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNetAbstract_iB_zxrwAJrCu8o1" style="background-color: White"> <td style="font-weight: bold; font-style: italic; vertical-align: middle; text-align: justify">Gain/(Loss) on FFAs and bunker swaps, net</td> <td style="font-size: 11pt; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="font-size: 11pt; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: middle; text-align: justify">Realized gain/(loss) on FFAs</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_906_ecustom--RealizedGainLossOnForwardFreightAgreements_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zDwjsTmtPIKe" title="Realized gain/(loss) on FFAs">1,271</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_903_ecustom--RealizedGainLossOnForwardFreightAgreements_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zCPW3Wr34Kv7" title="Realized gain/(loss) on FFAs">(2,796)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: justify">Realized gain/(loss) on bunker swaps</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90B_ecustom--RealizedGainLossOnBunkerSwaps_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwapsMember_zyBMfOndsDHe" title="Realized gain/(loss) on bunker swaps">1,409</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_902_ecustom--RealizedGainLossOnBunkerSwaps_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwapsMember_zVkBYEhmNeLe" title="Realized gain/(loss) on bunker swaps">433</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: middle; text-align: justify">Unrealized gain/(loss) on FFAs</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_907_ecustom--UnrealizedGainLossOnForwardFreightAgreements_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zMFXCjnH7plj" title="Unrealized gain/(loss) on FFAs">903</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_900_ecustom--UnrealizedGainLossOnForwardFreightAgreements_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zSVvkuolc5pa" title="Unrealized gain/(loss) on FFAs">(1,471)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: justify">Unrealized gain/(loss) on bunker swaps</td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_906_ecustom--UnrealizedGainLossOnBunkerSwaps_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwapsMember_zT8ZuqwUJ94k" title="Unrealized gain/(loss) on bunker swaps">752</td> <td style="font-size: 11pt; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_902_ecustom--UnrealizedGainLossOnBunkerSwaps_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwapsMember_zrUMgoaOcxJ9" title="Unrealized gain/(loss) on bunker swaps">—</td></tr> <tr id="xdx_401_eus-gaap--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_i01_pn3n3_zVecLEPvwnf7" style="background-color: rgb(204,238,255)"> <td style="font-weight: bold; vertical-align: middle; text-align: justify">Total Gain/(loss) recognized</td> <td style="font-weight: bold; vertical-align: middle; text-align: center">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right"> 4,335</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> $ </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right"> (3,834)</td></tr> </table> 14. Fair value measurements and Hedging - continued: Fair value on a recurring basis - continued: Fair Value Measurements and Hedging - Fair value on a recurring basis - Quoted Prices in Active Markets (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td colspan="2" id="xdx_497_20250101__20251231_zNXRKY6SIbi5" style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="2" id="xdx_490_20260101__20260630_zi1zs8Fw7jle" style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td colspan="8" style="font-weight: bold; text-align: center">Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">December 31, 2025</td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">June 30, 2026</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td> <td style="font-weight: bold; text-align: left">Balance Sheet Location</td> <td colspan="2" style="font-weight: bold; text-align: center">(not designated as cash flow hedges)</td> <td> </td> <td style="font-weight: bold; text-align: center">(designated as cash flow hedges)</td> <td colspan="2" style="font-weight: bold; text-align: center">(not designated as cash flow hedges)</td> <td> </td> <td style="font-weight: bold; text-align: center">(designated as cash flow hedges)</td></tr> <tr id="xdx_403_eus-gaap--AssetsAbstract_iB_zm1GmQF7jCZ" style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: justify">ASSETS</td> <td style="font-weight: bold; text-align: justify"> </td> <td colspan="2" style="text-align: justify"> </td> <td> </td> <td style="text-align: justify"> </td> <td colspan="2" style="text-align: justify"> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="text-align: justify; width: 34%"> FFAs - current</td> <td style="text-align: left; width: 16%">Derivatives, current asset portion</td> <td style="text-align: right; width: 1%">$</td> <td id="xdx_981_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zCQ7sABpFXqf" style="text-align: right; width: 12%">617 </td> <td style="text-align: right; width: 1%">$</td> <td id="xdx_98B_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zAut03pW55m4" style="text-align: right; width: 12%">— </td> <td style="text-align: right; width: 1%">$</td> <td id="xdx_987_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_z22ezpkeWNF3" style="text-align: right; width: 12%">—</td> <td style="text-align: right; width: 1%">$</td> <td id="xdx_989_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_z9SIjdw5UfH7" style="text-align: right; width: 12%">— </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: justify">Total </td> <td style="font-weight: bold; text-align: justify"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_984_eus-gaap--DerivativeAssets_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zobfZ5eYiGpi" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">617 </td> <td style="font-weight: bold; text-align: right">$</td> <td id="xdx_98B_eus-gaap--DerivativeAssets_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zULnXYOWurWk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">— </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_980_eus-gaap--DerivativeAssets_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zoYGqVKCCGv1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">—</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_98C_eus-gaap--DerivativeAssets_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zgkVnZrTvrjc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">— </td></tr> <tr id="xdx_405_eus-gaap--LiabilitiesAbstract_iB_zvUEpChhWXu1" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">LIABILITIES</td> <td style="font-weight: bold; text-align: justify"> </td> <td colspan="2"> </td> <td style="text-align: right"></td> <td style="text-align: justify"> </td> <td colspan="2"> </td> <td style="text-align: right"></td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify">FFAs - current</td> <td style="text-align: left">Derivatives, current liability portion</td> <td style="text-align: right">$</td> <td id="xdx_989_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zroI7YJxML93" style="text-align: right"> —</td> <td style="text-align: right">$</td> <td id="xdx_987_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zYBVzSYQf5G1" style="text-align: right">— </td> <td style="text-align: right">$</td> <td id="xdx_982_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zgpqTMJ0DMIk" style="text-align: right">854</td> <td style="text-align: right">$</td> <td id="xdx_98E_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zr9LTOvwBUCb" style="text-align: right">— </td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">Total </td> <td style="font-weight: bold; text-align: justify"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_98D_eus-gaap--DerivativeLiabilities_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zwlSRQBhS4Z2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">—</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_986_eus-gaap--DerivativeLiabilities_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zHtCchwUezbc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">— </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> $</td> <td id="xdx_98B_eus-gaap--DerivativeLiabilities_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_z0v9IqVYPVk8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">854</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_98A_eus-gaap--DerivativeLiabilities_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zWfrytnx0qy5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">— </td></tr> </table> Certain of the Company’s derivative financial instruments discussed above require the Company to periodically post additional collateral depending on the level of any open position under such financial instruments, which as of December 31, 2025 and June 30, 2026 amounted to $540 and $1,022, respectively, and are included within “Restricted cash, current” in the unaudited consolidated balance sheets. 14. Fair value measurements and Hedging - continued: Investment in debt security: Details of the Company’s investment in debt securities are discussed in Note 19 of the Company’s consolidated financial statements for the year ended December 31, 2025, included in the 2025 Annual Report. The amortized cost and fair value of AFS debt securities, based on their quoted prices in active market (Level 1), as of December 31, 2025 and June 30, 2026, are summarized as follows: Fair Value Measurements and Hedging- Amortized cost and fair value of AFS debt securities (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; width: 17%"> </td> <td style="vertical-align: middle; width: 17%"> Balance Sheet Location</td> <td style="text-align: right; font-weight: bold; vertical-align: middle; width: 2%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 20%">Amortized Cost</td> <td style="text-align: right; font-weight: bold; vertical-align: middle; width: 2%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 20%">Unrealized gain/(loss)</td> <td style="text-align: right; vertical-align: bottom; width: 2%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 20%">Fair value</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td>AFS Debt Securities</td> <td>Other current assets</td> <td style="text-align: right">$</td> <td id="xdx_988_eus-gaap--AvailableForSaleDebtSecuritiesAmortizedCostBasis_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20251231__us-gaap--DebtInstrumentAxis__custom--AFSDebtSecuritiesMember_z4EDujpw2sq6" style="text-align: right">1,408</td> <td style="text-align: right">$</td> <td id="xdx_982_eus-gaap--DebtSecuritiesAvailableForSaleUnrealizedGainLoss_iP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20250101__20251231__us-gaap--DebtInstrumentAxis__custom--AFSDebtSecuritiesMember_zeTo8buso0m3" style="text-align: right">109</td> <td style="text-align: right"> $ </td> <td id="xdx_98F_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20251231__us-gaap--DebtInstrumentAxis__custom--AFSDebtSecuritiesMember_zB1oZQhvtQRk" style="text-align: right">1,517</td></tr> <tr style="vertical-align: middle; background-color: White"> <td></td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_988_eus-gaap--AvailableForSaleDebtSecuritiesAmortizedCostBasis_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20251231_zcAQAxO7uM3i" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">1,408</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_987_eus-gaap--DebtSecuritiesAvailableForSaleUnrealizedGainLoss_iP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20250101__20251231_zGHaXncrKU4c" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">109</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> $ </td> <td id="xdx_987_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20251231_zV0vEWuphADg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">1,517</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td> </td> <td style="text-align: right; font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right; font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> </tr> <tr style="background-color: White"> <td style="vertical-align: middle; width: 17%"> </td> <td style="vertical-align: middle; width: 17%"> Balance Sheet Location</td> <td style="text-align: right; font-weight: bold; vertical-align: middle; width: 2%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 20%">Amortized Cost</td> <td style="text-align: right; font-weight: bold; vertical-align: middle; width: 2%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 20%">Unrealized gain/(loss)</td> <td style="text-align: right; vertical-align: bottom; width: 2%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 20%">Fair value</td> </tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td>AFS Debt Securities</td> <td>Other current assets</td> <td style="text-align: right">$</td> <td id="xdx_989_eus-gaap--AvailableForSaleDebtSecuritiesAmortizedCostBasis_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20260630__us-gaap--DebtInstrumentAxis__custom--AFSDebtSecuritiesMember_z2HYC4oT2DWc" style="text-align: right" title="Amortized Cost">1,517</td> <td style="text-align: right">$</td> <td id="xdx_980_eus-gaap--DebtSecuritiesAvailableForSaleUnrealizedGainLoss_iP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20260101__20260630__us-gaap--DebtInstrumentAxis__custom--AFSDebtSecuritiesMember_zRPc3RmHJ0yf" style="text-align: right" title="Unrealized gain/(loss)">(47)</td> <td style="text-align: right"> $ </td> <td id="xdx_989_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20260630__us-gaap--DebtInstrumentAxis__custom--AFSDebtSecuritiesMember_zOdyzl7Fvy2e" style="text-align: right" title="Fair Value">1,470</td> </tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_983_eus-gaap--AvailableForSaleDebtSecuritiesAmortizedCostBasis_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20260630_zmiDFoFMrlOb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Amortized Cost">1,517</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_98B_eus-gaap--DebtSecuritiesAvailableForSaleUnrealizedGainLoss_iP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20260101__20260630_zeAJdyC0WJia" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Unrealized gain/(loss)">(47)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> $ </td> <td id="xdx_98A_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20260630_zTBhwdoEpZ29" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair Value">1,470</td> </tr> </table> As of June 30, 2026, no allowance for credit losses has been recorded on the AFS debt securities, consistent with the Company’s assessment that the securities are investment-grade and show no indication of credit impairment. Interest income is accrued using the effective interest method and reported under Interest income and other income/(loss). The Company’s financial instruments that may expose it to credit risk include cash balances, trade receivables, and derivative contracts. Cash is held with creditworthy financial institutions to minimize risk. Exposure related to derivative contracts is managed by primarily transacting through reputable clearing houses, including European Energy Exchange (“EEX”), Singapore Exchange (“SGX”) and Intercontinental Exchange (“ICE”), and by limiting over-the-counter exposure. The Company also monitors the creditworthiness of financial institutions and performs ongoing evaluations of customers’ financial condition to manage receivable risk. The carrying values of temporary cash investments, restricted cash, accounts receivable and accounts payable approximate their fair value due to the short-term nature of these financial instruments. The fair value of long-term bank loans and financing under bareboat leases (Level 2), bearing interest at variable interest rates, approximates their recorded values as of June 30, 2026, due to the variable interest rate nature thereof.

446000

771000

212000

<p id="xdx_895_eus-gaap--ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_zrdACExVUvwb" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; background-color: white">Fair value measurements and Hedging - Derivative instruments effect on statements of operations (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: white"> <td style="vertical-align: bottom; width: 76%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td id="xdx_498_20250101__20250630_zFxTS3jlvVzj" style="font-weight: bold; vertical-align: middle; text-align: center; width: 11%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center; width: 1%"> </td> <td id="xdx_497_20260101__20260630_zyPgrD6etPJd" style="font-weight: bold; vertical-align: middle; text-align: center; width: 11%"> </td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Six months ended June 30,</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right">2025</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right">2026</td></tr> <tr style="background-color: White"> <td style="font-weight: bold; vertical-align: middle">Consolidated Income Statement</td> <td style="font-weight: bold; vertical-align: middle"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_40B_eus-gaap--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAbstract_iB_zCF8btQyoRGi" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Gain/(Loss) on derivative financial instruments, net</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"></td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr id="xdx_408_ecustom--RealizedGainLossOnInterestRateSwapsNotDesignatedAsHedgingInstruments_pn3n3_d0_ztw2GPlqIrxh" style="vertical-align: middle; background-color: White"> <td style="padding-left: 30px; text-align: left">Realized gain/(loss) of de-designated accounting hedging relationship of interest rate swaps </td> <td style="padding-left: 30px; text-align: left"></td> <td style="text-align: right"> 400</td> <td style="text-align: right"> </td> <td style="text-align: right"> — </td></tr> <tr id="xdx_401_ecustom--UnrealizedGainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_d0_zF7Vp1aRE5mc" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 30px; text-align: left">Unrealized gain/(loss) of de-designated accounting hedging relationship of interest rate swaps </td> <td style="padding-left: 30px; text-align: left"></td> <td style="text-align: right"> 46</td> <td style="text-align: right"> </td> <td style="text-align: right"> 212</td></tr> <tr id="xdx_402_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_iT_pn3n3_d0_zdUvAxrc0Z0l" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total Gain/(loss) recognized</td> <td style="font-weight: bold; vertical-align: middle; text-align: center">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 446</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> $ </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 212</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; font-weight: bold; text-align: left"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_403_eus-gaap--InterestAndDebtExpenseAbstract_iB_zgVlY0z5oqs7" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; font-style: italic; text-align: left">Interest and finance costs</td> <td style="padding-left: 15px; font-weight: bold; font-style: italic; text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-left: 15px; font-weight: bold; font-style: italic; text-align: left"> </td> <td style="text-align: right"> </td></tr> <tr id="xdx_400_eus-gaap--InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_pn3n3_d0_zZRmDcGmh85f" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="padding-left: 30px; text-align: left">Reclassification adjustments of interest rate swap (loss)/gain transferred to Interest and finance costs from Other comprehensive income/(loss) (Note 9)</td> <td style="padding-left: 45px; text-align: left"> </td> <td style="text-align: right"> 551</td> <td style="padding-left: 45px; text-align: left"> </td> <td style="text-align: right"> 212</td></tr> <tr id="xdx_408_ecustom--GainLossOnDerivativeInstrumentsAggregateNetEffectInEarnings_iT_pn3n3_d0_zJaaTPy7BPJb" style="vertical-align: middle; background-color: White"> <td style="padding-left: 15px; font-weight: bold; text-align: left">Total Gain/(loss) recognized </td> <td style="font-weight: bold; vertical-align: middle; text-align: center">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 551</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> $ </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> 212</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td></tr> <tr id="xdx_40A_eus-gaap--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNetAbstract_iB_zxrwAJrCu8o1" style="background-color: White"> <td style="font-weight: bold; font-style: italic; vertical-align: middle; text-align: justify">Gain/(Loss) on FFAs and bunker swaps, net</td> <td style="font-size: 11pt; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td> <td style="font-size: 11pt; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: middle; text-align: justify">Realized gain/(loss) on FFAs</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_906_ecustom--RealizedGainLossOnForwardFreightAgreements_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zDwjsTmtPIKe" title="Realized gain/(loss) on FFAs">1,271</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_903_ecustom--RealizedGainLossOnForwardFreightAgreements_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zCPW3Wr34Kv7" title="Realized gain/(loss) on FFAs">(2,796)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: justify">Realized gain/(loss) on bunker swaps</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_90B_ecustom--RealizedGainLossOnBunkerSwaps_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwapsMember_zyBMfOndsDHe" title="Realized gain/(loss) on bunker swaps">1,409</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_902_ecustom--RealizedGainLossOnBunkerSwaps_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwapsMember_zVkBYEhmNeLe" title="Realized gain/(loss) on bunker swaps">433</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: middle; text-align: justify">Unrealized gain/(loss) on FFAs</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_907_ecustom--UnrealizedGainLossOnForwardFreightAgreements_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zMFXCjnH7plj" title="Unrealized gain/(loss) on FFAs">903</td> <td style="vertical-align: middle; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_900_ecustom--UnrealizedGainLossOnForwardFreightAgreements_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zSVvkuolc5pa" title="Unrealized gain/(loss) on FFAs">(1,471)</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; text-align: justify">Unrealized gain/(loss) on bunker swaps</td> <td style="font-size: 11pt; vertical-align: bottom"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_906_ecustom--UnrealizedGainLossOnBunkerSwaps_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwapsMember_zT8ZuqwUJ94k" title="Unrealized gain/(loss) on bunker swaps">752</td> <td style="font-size: 11pt; vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: middle; text-align: right"> <span id="xdx_902_ecustom--UnrealizedGainLossOnBunkerSwaps_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwapsMember_zrUMgoaOcxJ9" title="Unrealized gain/(loss) on bunker swaps">—</td></tr> <tr id="xdx_401_eus-gaap--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_i01_pn3n3_zVecLEPvwnf7" style="background-color: rgb(204,238,255)"> <td style="font-weight: bold; vertical-align: middle; text-align: justify">Total Gain/(loss) recognized</td> <td style="font-weight: bold; vertical-align: middle; text-align: center">$</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right"> 4,335</td> <td style="font-weight: bold; vertical-align: middle; text-align: center"> $ </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: right"> (3,834)</td></tr> </table>

400000 0 46000 212000

446000

212000

551000

212000

551000 212000 1271000 -2796000 1409000 433000 903000 -1471000 752000

4335000

-3834000

Fair Value Measurements and Hedging - Fair value on a recurring basis - Quoted Prices in Active Markets (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td colspan="2" id="xdx_497_20250101__20251231_zNXRKY6SIbi5" style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="2" id="xdx_490_20260101__20260630_zi1zs8Fw7jle" style="font-weight: bold; text-align: center"> </td> <td> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td colspan="8" style="font-weight: bold; text-align: center">Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)</td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">December 31, 2025</td> <td colspan="4" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">June 30, 2026</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td> <td style="font-weight: bold; text-align: left">Balance Sheet Location</td> <td colspan="2" style="font-weight: bold; text-align: center">(not designated as cash flow hedges)</td> <td> </td> <td style="font-weight: bold; text-align: center">(designated as cash flow hedges)</td> <td colspan="2" style="font-weight: bold; text-align: center">(not designated as cash flow hedges)</td> <td> </td> <td style="font-weight: bold; text-align: center">(designated as cash flow hedges)</td></tr> <tr id="xdx_403_eus-gaap--AssetsAbstract_iB_zm1GmQF7jCZ" style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: justify">ASSETS</td> <td style="font-weight: bold; text-align: justify"> </td> <td colspan="2" style="text-align: justify"> </td> <td> </td> <td style="text-align: justify"> </td> <td colspan="2" style="text-align: justify"> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="text-align: justify; width: 34%"> FFAs - current</td> <td style="text-align: left; width: 16%">Derivatives, current asset portion</td> <td style="text-align: right; width: 1%">$</td> <td id="xdx_981_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zCQ7sABpFXqf" style="text-align: right; width: 12%">617 </td> <td style="text-align: right; width: 1%">$</td> <td id="xdx_98B_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zAut03pW55m4" style="text-align: right; width: 12%">— </td> <td style="text-align: right; width: 1%">$</td> <td id="xdx_987_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_z22ezpkeWNF3" style="text-align: right; width: 12%">—</td> <td style="text-align: right; width: 1%">$</td> <td id="xdx_989_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_z9SIjdw5UfH7" style="text-align: right; width: 12%">— </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="font-weight: bold; text-align: justify">Total </td> <td style="font-weight: bold; text-align: justify"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_984_eus-gaap--DerivativeAssets_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zobfZ5eYiGpi" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">617 </td> <td style="font-weight: bold; text-align: right">$</td> <td id="xdx_98B_eus-gaap--DerivativeAssets_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zULnXYOWurWk" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">— </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_980_eus-gaap--DerivativeAssets_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zoYGqVKCCGv1" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">—</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_98C_eus-gaap--DerivativeAssets_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zgkVnZrTvrjc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">— </td></tr> <tr id="xdx_405_eus-gaap--LiabilitiesAbstract_iB_zvUEpChhWXu1" style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">LIABILITIES</td> <td style="font-weight: bold; text-align: justify"> </td> <td colspan="2"> </td> <td style="text-align: right"></td> <td style="text-align: justify"> </td> <td colspan="2"> </td> <td style="text-align: right"></td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: middle; background-color: White"> <td style="text-align: justify">FFAs - current</td> <td style="text-align: left">Derivatives, current liability portion</td> <td style="text-align: right">$</td> <td id="xdx_989_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zroI7YJxML93" style="text-align: right"> —</td> <td style="text-align: right">$</td> <td id="xdx_987_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zYBVzSYQf5G1" style="text-align: right">— </td> <td style="text-align: right">$</td> <td id="xdx_982_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zgpqTMJ0DMIk" style="text-align: right">854</td> <td style="text-align: right">$</td> <td id="xdx_98E_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--ForwardFreightAgreementsMember_zr9LTOvwBUCb" style="text-align: right">— </td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">Total </td> <td style="font-weight: bold; text-align: justify"> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_98D_eus-gaap--DerivativeLiabilities_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zwlSRQBhS4Z2" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">—</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_986_eus-gaap--DerivativeLiabilities_iI_pn3n3_d0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zHtCchwUezbc" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">— </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> $</td> <td id="xdx_98B_eus-gaap--DerivativeLiabilities_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_z0v9IqVYPVk8" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">854</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_98A_eus-gaap--DerivativeLiabilities_iI_pn3n3_d0_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember__us-gaap--DerivativeInstrumentRiskAxis__custom--DerivativeFinancialInstrumentsMember_zWfrytnx0qy5" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">— </td></tr> </table>

617000

854000

540000

1022000

Fair Value Measurements and Hedging- Amortized cost and fair value of AFS debt securities (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td></tr> <tr style="background-color: White"> <td style="vertical-align: middle; width: 17%"> </td> <td style="vertical-align: middle; width: 17%"> Balance Sheet Location</td> <td style="text-align: right; font-weight: bold; vertical-align: middle; width: 2%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 20%">Amortized Cost</td> <td style="text-align: right; font-weight: bold; vertical-align: middle; width: 2%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 20%">Unrealized gain/(loss)</td> <td style="text-align: right; vertical-align: bottom; width: 2%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 20%">Fair value</td></tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td>AFS Debt Securities</td> <td>Other current assets</td> <td style="text-align: right">$</td> <td id="xdx_988_eus-gaap--AvailableForSaleDebtSecuritiesAmortizedCostBasis_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20251231__us-gaap--DebtInstrumentAxis__custom--AFSDebtSecuritiesMember_z4EDujpw2sq6" style="text-align: right">1,408</td> <td style="text-align: right">$</td> <td id="xdx_982_eus-gaap--DebtSecuritiesAvailableForSaleUnrealizedGainLoss_iP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20250101__20251231__us-gaap--DebtInstrumentAxis__custom--AFSDebtSecuritiesMember_zeTo8buso0m3" style="text-align: right">109</td> <td style="text-align: right"> $ </td> <td id="xdx_98F_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20251231__us-gaap--DebtInstrumentAxis__custom--AFSDebtSecuritiesMember_zB1oZQhvtQRk" style="text-align: right">1,517</td></tr> <tr style="vertical-align: middle; background-color: White"> <td></td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_988_eus-gaap--AvailableForSaleDebtSecuritiesAmortizedCostBasis_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20251231_zcAQAxO7uM3i" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">1,408</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_987_eus-gaap--DebtSecuritiesAvailableForSaleUnrealizedGainLoss_iP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20250101__20251231_zGHaXncrKU4c" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">109</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> $ </td> <td id="xdx_987_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20251231_zV0vEWuphADg" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">1,517</td></tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td> </td> <td style="text-align: right; font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right; font-weight: bold"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td> </tr> <tr style="background-color: White"> <td style="vertical-align: middle; width: 17%"> </td> <td style="vertical-align: middle; width: 17%"> Balance Sheet Location</td> <td style="text-align: right; font-weight: bold; vertical-align: middle; width: 2%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 20%">Amortized Cost</td> <td style="text-align: right; font-weight: bold; vertical-align: middle; width: 2%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 20%">Unrealized gain/(loss)</td> <td style="text-align: right; vertical-align: bottom; width: 2%"> </td> <td style="font-weight: bold; vertical-align: middle; text-align: right; width: 20%">Fair value</td> </tr> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td>AFS Debt Securities</td> <td>Other current assets</td> <td style="text-align: right">$</td> <td id="xdx_989_eus-gaap--AvailableForSaleDebtSecuritiesAmortizedCostBasis_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20260630__us-gaap--DebtInstrumentAxis__custom--AFSDebtSecuritiesMember_z2HYC4oT2DWc" style="text-align: right" title="Amortized Cost">1,517</td> <td style="text-align: right">$</td> <td id="xdx_980_eus-gaap--DebtSecuritiesAvailableForSaleUnrealizedGainLoss_iP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20260101__20260630__us-gaap--DebtInstrumentAxis__custom--AFSDebtSecuritiesMember_zRPc3RmHJ0yf" style="text-align: right" title="Unrealized gain/(loss)">(47)</td> <td style="text-align: right"> $ </td> <td id="xdx_989_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20260630__us-gaap--DebtInstrumentAxis__custom--AFSDebtSecuritiesMember_zOdyzl7Fvy2e" style="text-align: right" title="Fair Value">1,470</td> </tr> <tr style="vertical-align: middle; background-color: White"> <td> </td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_983_eus-gaap--AvailableForSaleDebtSecuritiesAmortizedCostBasis_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20260630_zmiDFoFMrlOb" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Amortized Cost">1,517</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">$</td> <td id="xdx_98B_eus-gaap--DebtSecuritiesAvailableForSaleUnrealizedGainLoss_iP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20260101__20260630_zeAJdyC0WJia" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Unrealized gain/(loss)">(47)</td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right"> $ </td> <td id="xdx_98A_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iIP1us-gaap--DebtSecuritiesAbstract_pn3n3_c20260630_zTBhwdoEpZ29" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right" title="Fair Value">1,470</td> </tr> </table>

1408000

109000

1517000

1408000

109000

1517000

-47000

1470000

1517000

-47000

1470000

15. Other operational gain: During the six-month period ended June 30, 2026, the Company recorded a gain of $3,161 under “Other Operational Gain” in the unaudited interim condensed consolidated income statement. This gain includes: (a) $194 from the sale of equity in Interchart (Note 4), (b) $2,191 derived from various insurance claims and (c) $776 related to the write-off of previously accrued expenses and liabilities that are no longer expected to be settled. During the six-month period ended June 30, 2025, the Company recorded a gain of $13,727 under “Other Operational Gain” in the unaudited interim condensed consolidated income statement. This gain includes: (a) insurance proceeds of $2,298 pursuant to a war risk insurance policy in connection with the prolonged detainment of one of the Company’s vessels in Ukraine in 2022; (b) the extinguishment of a $4,066 liability related to a supplier that the Company no longer expects to require settlement; (c) the reversal of previously accrued expenses totaling $5,200, following the Company’s determination that no further invoices would be received to settle these accruals; and (d) $2,163 derived from various insurance claims.

3161000

194000

2191000

776000

13727000

2298000 4066000 5200000

2163000

16. Voyage revenues: The following table shows the voyage revenues earned from time charters, voyage charters and pool agreements for the six-month periods ended June 30, 2025 and 2026, as presented in the unaudited interim condensed consolidated income statements: Voyage revenues (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Six months ended June 30,</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: middle; width: 76%"> </td> <td style="font-weight: bold; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 11%">2025</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 11%">2026</td></tr> <tr> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td></tr> <tr style="vertical-align: middle; background-color: #CCEEFF"> <td>Time charters</td> <td>$</td> <td id="xdx_98F_eus-gaap--OperatingLeaseLeaseIncome_pn3n3_c20250101__20250630__srt--StatementScenarioAxis__custom--TimeCharterMember_z3YcxIMLMGIa" style="text-align: right" title="Time charters">316,520</td> <td style="text-align: right"> $ </td> <td id="xdx_98A_eus-gaap--OperatingLeaseLeaseIncome_pn3n3_c20260101__20260630__srt--StatementScenarioAxis__custom--TimeCharterMember_z8lGbppz4aA6" style="text-align: right" title="Time charters">396,442</td></tr> <tr> <td style="vertical-align: middle">Voyage charters</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_c20250101__20250630__srt--StatementScenarioAxis__custom--VoyageContractsMember_zn1wZtkJie9" style="vertical-align: middle; text-align: right" title="Voyage charters">159,674</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_c20260101__20260630__srt--StatementScenarioAxis__custom--VoyageContractsMember_zrBSILqLPzh9" style="vertical-align: middle; text-align: right" title="Voyage charters">242,122</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: middle">Pool revenues</td> <td style="vertical-align: bottom"> </td> <td id="xdx_987_ecustom--OperatingLeaseLeaseIncome1_pn3n3_c20250101__20250630__srt--StatementScenarioAxis__custom--PoolingArrangementsMember_zByK6TbDKlac" style="vertical-align: bottom; text-align: right" title="Pool revenues">1,864</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_ecustom--OperatingLeaseLeaseIncome1_pn3n3_d0_c20260101__20260630__srt--StatementScenarioAxis__custom--PoolingArrangementsMember_z4IBIdvBhdqf" style="vertical-align: bottom; text-align: right" title="Pool revenues">—</td></tr> <tr style="vertical-align: middle"> <td> </td> <td style="font-weight: bold">$</td> <td id="xdx_98F_eus-gaap--Revenues_pn3n3_c20250101__20250630_zA4xXpSqWgk6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">478,058</td> <td style="font-weight: bold; text-align: right"> $ </td> <td id="xdx_982_eus-gaap--Revenues_pn3n3_c20260101__20260630_zUvmJpPwJ18g" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">638,564</td></tr> </table> As of June 30, 2026, trade accounts receivable from voyage charter agreements increased to $20,281 from $19,777 as of December 31, 2025 and are presented under “Trade accounts receivable, net” in the unaudited consolidated balance sheets. The outstanding balance is mainly affected by the timing of commencement of revenue recognition and from changes in the mix of vessel employment type as of June 30, 2025 and June 30, 2026. No write-off was recorded in periods presented in connection with the voyage charter agreements. Further, as of June 30, 2026, capitalized contract fulfillment costs which are recorded under “Other current assets” decreased by $<span id="xdx_904_ecustom--DecreaseInDeferredAssetsIncludedInOtherCurrentAssets_iN_pn3n3_di_c20260101__20260630__srt--StatementScenarioAxis__custom--RevenueContractsMember_z8mzGcFORHCj" title="Decrease in capitalized contract fulfilment costs">1,115 compared to December 31, 2025, to $1,658 from $2,772. The outstanding balance is mainly affected by the timing of commencement of revenue recognition and from changes in the mix of vessel employment type, as discussed above. Under ASC 606, unearned voyage charter revenue represents the consideration received for undelivered performance obligations. The Company recorded $7,115 as unearned revenue related to voyage charter agreements in progress as of December 31, 2025, which was recognized in earnings in the six-month period ended June 30, 2026, as the performance obligations were satisfied in that period. In addition, the Company recorded $8,140 as unearned revenue related to voyage charter agreements in progress as of June 30, 2026, which is presented under “Deferred revenue” in the unaudited consolidated balance sheets and will be recognized in earnings within one year as the performance obligations will be satisfied. The amount invoiced to charterers in connection with the additional revenue for scrubber-fitted vessels under time-charter contracts (included within “Time charters” in the above table) was $14,290 and $20,355 for the six-month periods ended June 30, 2025 and 2026, respectively, and did not include the fuel cost savings gained from the scrubber-fitted vessels, which were employed under voyage charter agreements. Demurrage income for the six-month periods ended June 30, 2025 and 2026 amounted to $5,368 and $12,186, respectively, and is included within “Voyage charters” in the above table. The adjustment to the Company’s revenues from the vessels operating in the CCL Pool, deriving from the allocated pool result for those vessels as determined in accordance with the agreed-upon formula, for the six-month period ended June 30, 2025 was $1,864 and is included within “Pool revenues” in the table above. During the six-month period ended June 30, 2026, the Company had no vessels operating in any pool. 0 As discussed in Note 1, during the six-month periods ended June 30, 2025 and 2026, respectively, the Company chartered-in a number of third-party vessels, to increase its operating capacity in order to satisfy its clients’ needs. Revenues generated from those charter-in vessels during the six-month periods ended June 30, 2025 and 2026, amounted to $40,268 and $38,977, respectively, and are included in “Voyage revenues” in the unaudited interim condensed consolidated income statements, out of which $17,754 and $20,521, respectively, constitute sublease income deriving from time charter agreements.

Voyage revenues (Table) <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="font-weight: bold; text-align: center"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Six months ended June 30,</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: middle; width: 76%"> </td> <td style="font-weight: bold; vertical-align: middle; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 11%">2025</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 11%">2026</td></tr> <tr> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: middle"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td></tr> <tr style="vertical-align: middle; background-color: #CCEEFF"> <td>Time charters</td> <td>$</td> <td id="xdx_98F_eus-gaap--OperatingLeaseLeaseIncome_pn3n3_c20250101__20250630__srt--StatementScenarioAxis__custom--TimeCharterMember_z3YcxIMLMGIa" style="text-align: right" title="Time charters">316,520</td> <td style="text-align: right"> $ </td> <td id="xdx_98A_eus-gaap--OperatingLeaseLeaseIncome_pn3n3_c20260101__20260630__srt--StatementScenarioAxis__custom--TimeCharterMember_z8lGbppz4aA6" style="text-align: right" title="Time charters">396,442</td></tr> <tr> <td style="vertical-align: middle">Voyage charters</td> <td style="vertical-align: middle; text-align: right"> </td> <td id="xdx_98B_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_c20250101__20250630__srt--StatementScenarioAxis__custom--VoyageContractsMember_zn1wZtkJie9" style="vertical-align: middle; text-align: right" title="Voyage charters">159,674</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_98F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_c20260101__20260630__srt--StatementScenarioAxis__custom--VoyageContractsMember_zrBSILqLPzh9" style="vertical-align: middle; text-align: right" title="Voyage charters">242,122</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: middle">Pool revenues</td> <td style="vertical-align: bottom"> </td> <td id="xdx_987_ecustom--OperatingLeaseLeaseIncome1_pn3n3_c20250101__20250630__srt--StatementScenarioAxis__custom--PoolingArrangementsMember_zByK6TbDKlac" style="vertical-align: bottom; text-align: right" title="Pool revenues">1,864</td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_980_ecustom--OperatingLeaseLeaseIncome1_pn3n3_d0_c20260101__20260630__srt--StatementScenarioAxis__custom--PoolingArrangementsMember_z4IBIdvBhdqf" style="vertical-align: bottom; text-align: right" title="Pool revenues">—</td></tr> <tr style="vertical-align: middle"> <td> </td> <td style="font-weight: bold">$</td> <td id="xdx_98F_eus-gaap--Revenues_pn3n3_c20250101__20250630_zA4xXpSqWgk6" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">478,058</td> <td style="font-weight: bold; text-align: right"> $ </td> <td id="xdx_982_eus-gaap--Revenues_pn3n3_c20260101__20260630_zUvmJpPwJ18g" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; text-align: right">638,564</td></tr> </table>

316520000

396442000

159674000

242122000

1864000 0

478058000

638564000

20281000

19777000

-1115000

1658000

2772000

7115000

8140000

14290000

20355000

5368000 12186000 1864000 0

40268000

38977000

17754000

20521000

17. Segment Reporting: The Company reports financial information and evaluates its operations on a consolidated fleet basis, primarily based on total Voyage revenues and consolidated profitability, and not by vessel type, length of vessel employment, or type of charter. Accordingly, the Company has determined that it operates in one operating and reportable segment, which is the ownership and operation of dry-bulk vessels. The Company’s Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). The CODM evaluates performance and allocates resources based on consolidated net income, which represents the Company’s measure of segment profit or loss. In assessing performance, the CODM reviews Voyage expenses, Charter-in hire expenses, Vessel operating expenses, General and administrative expenses, Management fees, and Interest and finance costs, each as presented in the consolidated financial statements. In addition, the CODM reviews segment assets as these are reported on the unaudited consolidated balance sheets as “Total Assets”. Other segment items represent amounts included in consolidated net income that are not part of the significant expense categories reviewed by the CODM and primarily consist of gains or losses on vessel sales, impairment charges, other operational gain or loss and Loss on forward freight agreements and bunker swaps, net. Substantially all revenues are generated from Time charters, Voyage charters and Pool revenues (Note 16). Because the Company operates in one reportable segment, segment revenues equal consolidated revenues. When the Company charters a vessel to a charterer, the charterer is free to trade the vessel worldwide, subject to restrictions as per the charter agreement, and, as a result, the disclosure of geographic information is impracticable.

18. Subsequent Events: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 12pt"><tr style="vertical-align: top"> <td style="width: 18pt"></td><td style="width: 18pt">a)</td><td style="text-align: justify">On <span id="xdx_900_ecustom--DeliveryDateToBuyers_c20260101__20260706__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PendulumMember_zAVJslFJ45Gi">July 6, 2026 the vessel Pendulum was delivered to its new owners (Note 6).</td></tr><tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 18pt"></td><td style="width: 18pt">b)</td><td style="text-align: justify">On August 5, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $<span id="xdx_90F_eus-gaap--DividendsPayableAmountPerShare_iI_pip0_uUSDPShares_c20260805__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__custom--DividendAxis__custom--O2026Q2DividendsMember_zMsksoboCft">0.90 per share, payable on or about <span id="xdx_908_eus-gaap--DividendPayableDateToBePaidDayMonthAndYear_uPure_c20260101__20260805__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__custom--DividendAxis__custom--O2026Q2DividendsMember_zRHEFaCzl77c">September 3, 2026 to all shareholders of record as of <span id="xdx_902_eus-gaap--DividendsPayableDateOfRecordDayMonthAndYear_uPure_c20260101__20260805__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__custom--DividendAxis__custom--O2026Q2DividendsMember_zroAJwYeerF6">August 21, 2026.</td></tr></table>

July 6, 2026

0.90

2026-09-03

2026-08-21

The amounts represent the minimum contractual charter revenues to be generated from the existing, as of June 30, 2026, non-cancellable time charter agreements, until their expiration, net of address commission, assuming no off-hire days, other than those related to scheduled interim and special surveys of the vessels. Future inflows also include revenues deriving from index linked charter agreements using i) the index rates at the commencement date of each agreement, in compliance with ASC 842, and do not reflect relevant index charter rate information prevailing as of June 30, 2026 and ii) the remaining minimum duration of each non-cancellable time charter agreement. The amounts represent the Company’s commitments as of June 30, 2026, for installation of BWTS upgrades and ESD on its vessels to comply with environmental regulations.