v3.26.3
Basis of Presentation and General Information (Tables)
 6 Months Ended
Jun. 30, 2026
Basis of Presentation and General Information [Abstract]  
Subsidiaries
During the six-month period ended June 30, 2026, the Company was the sole owner of all outstanding shares of the following subsidiary companies. The following list is not exhaustive as the Company has other subsidiaries relating to vessels that have been sold and that remain dormant for the periods presented in these unaudited interim condensed consolidated financial statements as well as intermediary companies that are 100% subsidiaries of the Company that own shipowning companies.
Companies
Date of
Incorporation
Country of
Incorporation
Activity
Top Tanker Management Inc.
May 2004
Marshall Islands
Management company
Top Mega Yachts Inc. March 2024 Marshall Islands Holding company (dormant)

Wholly owned Shipowning Companies (“SPC”) with vessels in operation and under construction
Date of
Incorporation
Country of
Incorporation
Vessel
Delivery Date
1
PCH Dreaming Inc.
January 2018
Marshall Islands
M/T Eco Marina Del Ray
March 2019
2
Eco Oceano Ca Inc.
December 2020
Marshall Islands
M/T Eco Oceano Ca
March 2022
3
Julius Caesar Inc.
May 2020
Marshall Islands
M/T Julius Caesar
January 2022
4
Legio X Inc.
December 2020
Marshall Islands
M/T Legio X Equestris
March 2022
5
 		Seawolf Ventures Limited August 2015 Marshall Islands M/Y Para Bellvm August 2023
6
 		Roman Shark I Inc. January 2026
 Marshall Islands Hull 25110054 Q2 2028
7
 		Roman Shark II Inc.
 		January 2026
Marshall Islands Hull 25110055 Q4 2028
8
 		Roman Shark III Inc.
 		January 2026 Marshall Islands Hull 25110056 Q1 2029
9
 		Roman Shark IV Inc.
 		January 2026 Marshall Islands Hull 25110057 Q2 2029
10
 		Roman Shark V Inc.
 		January 2026 Marshall Islands Hull 25110058 Q2 2029
11
 		Roman Shark VI Inc.
 		January 2026 Marshall Islands Hull 25110059 Q2 2029
12
 		Roman Shark VII Inc.
 		January 2026 Marshall Islands Hull 25110060 Q3 2029
13
 		Roman Shark VIII Inc.
 		January 2026 Marshall Islands Hull 25110061 Q4 2029
14
 		Roman Shark X Inc.
 		January 2026 Marshall Islands Hull 25110063 Q4 2029
50% Owned Companies
During the six-month period ended June 30, 2026, the Company was the owner of 50% of outstanding shares of the following companies.
 
SPC
Date of
Incorporation
Country of
Incorporation
Vessel
Delivery Date
1
California 19 Inc.
May 2019
Marshall Islands
M/T Eco Yosemite Park
March 2020
2
California 20 Inc.
May 2019
Marshall Islands
M/T Eco Joshua Park
March 2020
Transfer of Assets The amount of the consideration received in excess of the historical carrying value of the net assets disposed is recognized as an addition to the Company’s additional paid in capital net of accumulated other comprehensive income of Roman Explorer Inc. derecognized at the date of transfer, and presented as Excess of consideration over the carrying value of disposed assets in the Company’s unaudited interim condensed consolidated statement of stockholders’ equity for the six months ended June 30, 2026. An analysis of the Excess consideration over the carrying value of acquired assets is presented in the table below:

As of June 30,
  
2026
  
Consideration
    
38,000
  
Less: Carrying value of net assets of companies disposed
    
(18,304
)
Excess consideration over disposed assets
    
19,696