| Debt |
Details of the Company’s credit facilities are discussed in Note 7 of the Company’s annual financial statements for the year ended December 31,
2025 and changes in the six months ended June 30, 2026 are discussed below.
| Bank / Vessel(s) |
|
December 31,
2025
|
|
|
June 30,
2026
|
|
|
Total long term debt:
|
|
|
|
|
|
|
|
New Huarong Facility (M/T Eco Marina Del Ray, M/T Julius Caesar, M/T Legio X Equestris, M/T Eco Oceano CA)
|
|
|
205,460 |
|
|
|
200,288 |
|
|
ABCFL Facility (Hull 25110054, Hull 25110056, Hull 25110058, Hull 25110060)
|
|
|
-
|
|
|
|
23,052
|
|
|
CIBFL Facility (Hull 25110055, Hull 25110057, Hull 25110059, Hull 25110061, Hull 25110063)
|
|
|
- |
|
|
|
28,815 |
|
| HSBC Facility (M/Y Parabellvm) |
|
|
13,040 |
|
|
|
11,844 |
|
|
Total long term debt
|
|
|
218,500
|
|
|
|
263,999
|
|
|
Less: Deferred finance fees
|
|
|
(1,888
|
)
|
|
|
(3,025
|
)
|
Total long term debt net of deferred finance fees
|
|
|
216,612
|
|
|
|
260,974
|
|
| |
|
|
|
|
|
|
|
|
|
Presented:
|
|
|
|
|
|
|
|
|
Current portion of long-term debt
|
|
|
11,824
|
|
|
|
11,747
|
|
|
Long term debt
|
|
|
204,788 |
|
|
|
249,227 |
|
| |
|
|
|
|
|
|
|
|
|
Total Debt net of deferred finance fees
|
|
|
216,612
|
|
|
|
260,974
|
|
|