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Transactions with Related Parties | 12 Months Ended
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Dec. 31, 2024
Transactions/Investments with Related Parties [Abstract] |
Transactions with related parties | 3. Transactions with related parties a) Altair Travel Agency S.A. (“Altair”): The Company uses the services of an affiliated travel agent, Altair, which is controlled by the Company’s CEO Mrs. Semiramis Paliou. Travel expenses for 2024, 2023 and 2022 amounted to $ 2,569 , $ 2,525 and $ 2,644 , respectively, and are mainly included in vessel operating expenses and general and administrative expenses in the accompanying consolidated financial statements. As of December 31, 2024 and 2023, an amount of $ 190 and $ 62 , respectively, was payable to Altair and is included in “Due to related parties” in the accompanying consolidated balance sheets. b) Steamship Shipbroking Enterprises Inc. or Steamship: Steamship is a company controlled by the Company’s CEO Mrs. Semiramis Paliou and provides brokerage services to DSI for a fixed monthly fee plus commission on the sale of vessels, pursuant to a Brokerage Services Agreement. For 2024, 2023 and 2022 brokerage fees amounted to $ 4,093 , $ 3,900 and $ 3,309 , respectively, and are included in general and administrative expenses in the accompanying consolidated statements of income. For 2024, 2023, and 2022, commissions related to Steamship amounted to $ 544 , $ 906 and $ 1,219 , respectively and are included in gain on the sale of vessels, vessel cost and equity method investments. As of December 31, 2024 and 2023, an amount of $ 0 and $ 697 , respectively, was due to Steamship included in “Due to related parties” in the accompanying consolidated balance sheets. c) Bond issuance: Officers and directors of the Company and/or entities affiliated with them purchased an aggregate of $ 47,300 principal amount of the $ 150,000 senior unsecured bond issued on July 2, 2024 (Note 8).

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