Leases |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases |
Lease arrangements, under which the Company acts as the lessor
Charter agreements:
During the six months ended June 30, 2026, the Company operated two
vessels (M/T Eco West Coast and M/T Eco Malibu) under time charters with Clearlake Shipping Pte Ltd.
In addition, pursuant to the consummation of the Newbuilding MR SPA for the acquisition of the Newbuilding MR Tanker during the six-month period ended June 30,
2026, the Company has entered into a time charter party with Trafigura for seven years starting upon delivery from shipyard with a
charterer’s option to extend for additional years.
Future minimum time-charter receipts of the Company’s vessels in operation as of June 30, 2026, based on commitments relating to their non-cancellable time charter
contracts as of June 30, 2026, are as follows:
Future minimum time-charter receipts of the Company’s vessel under construction as of June 30, 2026, are as follows
In arriving at the minimum future charter revenues the Company has assumed that no off-hire time is incurred, although there is no assurance that such estimate
will be reflective of the actual off-hire in the future.
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