Fixed Assets (Tables)

As of June 30, 2026, the Company’s fleet consisted of thirty-eight dry bulk vessels and one barge. Certain vessels were financed through financing obligations recognized in failed sale-leaseback transactions, and one vessel was financed through a finance lease arrangement.


	June 30, 2026		December 31, 2025
m/v Nordic Odyssey (1)	$	15,898	$	16,768
m/v Nordic Orion (1)	17,624		16,652
m/v Nordic Oshima (1)	20,919		21,599
m/v Nordic Olympic (1)	21,696		22,436
m/v Nordic Odin (1)	21,852		22,593
m/v Nordic Oasis (1)	23,215		23,851
m/v Nordic Nuluujaak	33,818		33,298
m/v Nordic Qinngua	33,682		33,305
m/v Nordic Sanngijuq	33,317		32,973
m/v Nordic Siku	32,746		33,349
m/v Bulk Endurance	18,901		19,417
m/v Bulk Prudence	24,628		25,478
m/v Bulk Courageous	14,849		15,347
m/v Bulk Concord	15,616		16,739

m/v Bulk Pride	11,167		10,698
m/v Bulk Spirit	9,853		10,682
m/v Bulk Sachuest	15,833		15,401
m/v Bulk Independence	10,758		11,756
m/v Bulk Friendship	10,657		11,087
m/v Bulk Valor	16,080		16,695
m/v Bulk Promise	16,634		17,234
m/v Bulk Brenton	26,404		27,079
m/v Bulk Patience	26,414		27,066
m/v Strategic Fortitude	17,904		17,406
m/v Strategic Resolve	14,447		14,929
m/v Strategic Explorer	14,236		14,646
m/v Strategic Entity	14,568		15,060
m/v Strategic Synergy	13,155		13,501
m/v Strategic Alliance	13,156		13,501
m/v Strategic Unity	13,157		13,502
m/v Strategic Harmony	13,155		13,501
m/v Strategic Equity	13,156		13,501
m/v Strategic Venture	13,158		13,502
m/v Strategic Savannah	10,866		10,984
m/v Strategic Spirit	11,084		11,401
m/v Strategic Vision	10,288		10,591
m/v Strategic Tenacity	9,966		10,247

Miss Nora G Pearl (2)	1,597		1,597
	656,455		669,372
Other fixed assets, net	10,734		8,147
Total fixed assets, net	$	667,189	$	677,518
Right of Use Assets
m/v Bulk Xaymaca (3)	$	—	$	10,127
m/v Bulk Destiny	16,376		16,740
	$	16,376	$	26,866

(1) Vessels are owned by NBHC, a consolidated entity in which the Company has a two-thirds ownership interest at June 30, 2026 and December 31, 2025, respectively.

(2) Barge is owned by a 50% owned consolidated subsidiary at June 30, 2026 and December 31, 2025, respectively.