v3.26.1
Note 9 - Deferred Charges, Net
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Deferred Charges [Text Block]

9. Deferred Charges, net:

 

Deferred charges, net include the unamortized dry-docking and special survey costs. The amounts in the accompanying consolidated balance sheets are as follows:

 

 

Balance, January 1 2026

 $53,792 

Additions

  26,089 

Amortization

  (11,108)

Write-off and other movements (Note 8)

  (743)

Balance, June 30, 2026

 $68,030 

 

 

During the six-month period ended June 30, 2026, 13 vessels underwent and completed their special surveys, and two vessels were in the process of completing their special surveys. During the six-month period ended June 30, 2025, four vessels underwent and completed their dry-docking and special survey and one vessel was in the process of completing her dry-docking and special survey. The amortization of the dry-docking and special survey costs is separately reflected in the accompanying consolidated statements of income.