Note 3 - Advances for Vessels Under Construction |
6 Months Ended | ||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||
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| Advances for Vessel Under Construction [Text Block] |
3. Advances for Vessels under Construction
Advances for vessels under construction as of June 30, 2026 mainly represent progress payments according to the agreements entered into with the shipyards since June 2024 for the construction of twelve eco-design fuel efficient intermediate containerships, as well as capitalized interest and legal and other costs related to the construction. See Note 8 for the outstanding commitments to the shipyards. The amounts in the accompanying unaudited condensed consolidated balance sheets are as follows:
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