Fixed Assets (Tables)

As of September 30, 2026, the Company’s fleet consisted of thirty-eight dry bulk vessels and one barge. Certain vessels were financed through financing obligations recognized in failed sale-leaseback transactions, and one vessel was financed through a finance lease arrangement.


	September 30, 2026		December 31, 2025
m/v Nordic Odyssey (1)	$	15,291	$	16,768
m/v Nordic Orion (1)	17,264		16,652
m/v Nordic Oshima (1)	20,558		21,599
m/v Nordic Olympic (1)	21,326		22,436
m/v Nordic Odin (1)	21,475		22,593
m/v Nordic Oasis (1)	22,837		23,851
m/v Nordic Nuluujaak	33,377		33,298
m/v Nordic Qinngua	33,304		33,305
m/v Nordic Sanngijuq	32,956		32,973
m/v Nordic Siku	32,425		33,349
m/v Bulk Endurance	18,576		19,417
m/v Bulk Prudence	24,196		25,478
m/v Bulk Courageous	14,581		15,347
m/v Bulk Concord	15,272		16,739

m/v Bulk Pride	10,689		10,698
m/v Bulk Spirit	10,909		10,682
m/v Bulk Sachuest	15,310		15,401
m/v Bulk Independence	10,605		11,756
m/v Bulk Friendship	11,944		11,087
m/v Bulk Valor	15,768		16,695
m/v Bulk Promise	16,329		17,234
m/v Bulk Brenton	27,589		27,079
m/v Bulk Patience	26,234		27,066
m/v Strategic Fortitude	17,631		17,406
m/v Strategic Resolve	14,249		14,929
m/v Strategic Explorer	14,029		14,646
m/v Strategic Entity	14,372		15,060
m/v Strategic Synergy	12,979		13,501
m/v Strategic Alliance	12,980		13,501
m/v Strategic Unity	12,981		13,502
m/v Strategic Harmony	12,979		13,501
m/v Strategic Equity	12,981		13,501
m/v Strategic Venture	12,983		13,502
m/v Strategic Savannah	10,726		10,984
m/v Strategic Spirit	10,886		11,401
m/v Strategic Vision	10,134		10,591
m/v Strategic Tenacity	9,827		10,247

Miss Nora G Pearl (2)	1,597		1,597
	650,152		669,372
Other fixed assets, net	11,534		8,147
Total fixed assets, net	$	661,687	$	677,518
Right of Use Assets
m/v Bulk Xaymaca (3)	$	—	$	10,127
m/v Bulk Destiny	16,138		16,740
	$	16,138	$	26,866

(1) Vessels are owned by NBHC, a consolidated entity in which the Company has a two-thirds ownership interest at September 30, 2026 and December 31, 2025, respectively.

(2) Barge is owned by a 50% owned consolidated subsidiary at September 30, 2026 and December 31, 2025, respectively.