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Cybersecurity | 12 Months Ended
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Dec. 31, 2024
Cybersecurity Risk Management Strategy And Governance [Abstract] |
Cybersecurity Risk Management Processes For Assessing Identifying And Managing Threats [Text Block] | Risk management and strategy We have security measures in place to mitigate the risk of cybersecurity threats affecting our technology environment and our business. Cybersecurity risk management is integrated into our broader enterprise risk management (ERM) framework to protect shareholder value and ensure business continuity. Cyber risks are assessed alongside operational, financial, and compliance risks. By integrating cybersecurity into our broader risk management strategy, we aim to reduce exposure to cyber incidents, safeguard sensitive data, and maintain investor confidence in our long-term resilience and operational stability. Since 2023, the Company has maintained ISO 27001 certification, demonstrating ongoing compliance with the rigorous requirements of this internationally recognized standard. The Company's Chief Information Security Officer (CISO) regularly conducts internal reviews and enhancements to ensure that our cyber risk management framework remains aligned with ISO 27001 and integrated into our broader enterprise risk management strategy, considering financial, operational, and compliance impacts. Additionally, we have established structured processes for third-party risk management. During vendor onboarding and ongoing monitoring, information security assessments are conducted, including security questionnaires, contractual requirements for NDAs and DPAs, and cybersecurity liability clauses to mitigate supply chain risks. Cybersecurity training is carried out on a company-wide basis to all employees and seafarers. To help build cultural awareness of these risks within the Company, additional phishing campaigns have been implemented within the organization which have motivated the staff to react, helping to enhance awareness of these risks and mitigate their occurrence. The security team have further enhanced our processes and increased our defenses by implementing a cybersecurity testing program, carried out on a yearly basis by external consultants. Penetration testing was also carried out in parallel during 2024. A centralized monitoring system, powered by Microsoft's cloud-based Security Information and Event Management (SIEM) solution, is in place throughout the year. This system aggregates security data from various sources, uses built-in artificial intelligence to detect and investigate threats, and enables our security team to respond to incidents rapidly. We have also created a comprehensive Business Continuity and Disaster Recovery plan to ensure business resilience and minimize potential disruptions. For the year 2025, the security team has planned a comprehensive collaboration with a third-party company to enhance our cybersecurity awareness and training initiatives. This partnership includes the design and implementation of a multi-faceted approach to staff training, encompassing synchronous and asynchronous security awareness sessions, custom-tailored phishing campaigns and the creation of informative cybersecurity awareness newsletters to keep our staff up to date on the latest best practices and emerging risks. Furthermore, the collaboration will focus on the customization and digitalization of our vessels' cybersecurity awareness program, ensuring that our seafarers maintain a robust security posture while at sea. In addition to awareness initiatives, we will continue to acquire relevant tools to support the identification of third-party risks and further strengthen our overall security posture. As part of our continuous efforts to enhance threat detection and incident response, we will leverage Security Operations Center (SOC) services through a trusted external provider. This partnership will enable proactive security monitoring, threat intelligence, and rapid incident response, further reinforcing our cybersecurity resilience across both shore-based operations. Additionally, we will implement a disaster recovery site to the cloud for critical applications, ensuring business continuity and operational resilience in the event of disruptions. In parallel to these security measures, our Company has established a Data Management Platform over Microsoft Azure Technologies, to act as a centralized and secure source of truth for our operations, strengthening the quality and integrity of company’s informational assets. The Data Management Platform was integrated with our core systems and implementation of key reports was initiated within 2024, delivering several new Financial Reports that will enable better, faster and more accurate monitoring of Company activities and improve decision making and productivity. This transition is further strengthened with the digital upskilling of relevant personnel, enabling the proper and secure use of information assets. We are committed to enhance and enrich our operational excellence through our external 3rd parties’ inspections and audits (PSC-Vetting inspections Audits). We openly share our results and “lessons learnt” within the industry and organizations, we compare and benchmark our performance and we continuously improve our safety footprint.
Cybersecurity Risk Management Processes Integrated Flag | true
Cybersecurity Risk Management Processes Integrated [Text Block] | We have security measures in place to mitigate the risk of cybersecurity threats affecting our technology environment and our business. Cybersecurity risk management is integrated into our broader enterprise risk management (ERM) framework to protect shareholder value and ensure business continuity. Cyber risks are assessed alongside operational, financial, and compliance risks. By integrating cybersecurity into our broader risk management strategy, we aim to reduce exposure to cyber incidents, safeguard sensitive data, and maintain investor confidence in our long-term resilience and operational stability. Since 2023, the Company has maintained ISO 27001 certification, demonstrating ongoing compliance with the rigorous requirements of this internationally recognized standard. The Company's Chief Information Security Officer (CISO) regularly conducts internal reviews and enhancements to ensure that our cyber risk management framework remains aligned with ISO 27001 and integrated into our broader enterprise risk management strategy, considering financial, operational, and compliance impacts.
Cybersecurity Risk Management Third Party Engaged Flag | true
Cybersecurity Risk Third Party Oversight And Identification Processes Flag | true
Cybersecurity Risk Materially Affected Or Reasonably Likely To Materially Affect Registrant Flag | false
Cybersecurity Risk Materially Affected Or Reasonably Likely To Materially Affect Registrant [Text Block] | As of the date of this annual report, we have not identifed any cybersecurity threats that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition. For more information about the cybersecurity risks we face, please see Item 3. Key Information — D. Risk Factors — “A cyber-attack could materially disrupt our business.”
Cybersecurity Risk Board Of Directors Oversight [Text Block] | Our board of directors oversees the Company’s cybersecurity risk exposures and the steps taken by management to monitor and mitigate cybersecurity risks. The board of directors ensures allocation and prioritization of resources and overall strategic direction for cybersecurity and ensures alignment with the Company’s overall strategy.
Cybersecurity Risk Board Committee Or Subcommittee Responsible For Oversight [Text Block] | Our board of directors considers cybersecurity risk as part of its risk oversight function and has delegated the day-to-day oversight of cybersecurity and other technology risks to the Cyber Security Officer, who has 11 years of specialized information security experience.
Cybersecurity Risk Process For Informing Board Committee Or Subcommittee Responsible For Oversight [Text Block] | This experience includes serving as Cyber Security Officer at Diana Shipping Services, Information Security Officer at Viva Wallet, Senior IT Auditor at First Data Corporation focusing on EMEA region security audits, and IT Auditor/Security Consultant at Deloitte's Enterprise Risk Services. The Cyber Security Officer holds CISA and CDPSE certifications from ISACA, completed Information Security Management Systems (ISMS) Auditor/Lead Auditor Training in accordance with ISO 27001:2013, and possesses an MSc in Digital Systems Security from the University of Piraeus. The Cyber Security Officer is responsible for assessing, managing and mitigating cybersecurity threats and for reporting cybersecurity updates, including updates on monitoring strategies and efforts to prevent cybersecurity threats, to the board of directors on a quarterly basis or more often as needed.
Cybersecurity Risk Role Of Management [Text Block] | The audit committee receives regular reports from management on our cybersecurity risks . In addition, management updates the audit committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential. The audit committee reviews the Company's cybersecurity risks and assess’ the steps that management has taken to protect against threats to the Company's information systems and security.
Cybersecurity Risk Management Positions Or Committees Responsible Flag | true
Cybersecurity Risk Management Positions Or Committees Responsible [Text Block] | The audit committee receives regular reports from management on our cybersecurity risks
Cybersecurity Risk Management Expertise Of Management Responsible [Text Block] | The Company's Chief Information Security Officer (CISO) regularly conducts internal reviews and enhancements to ensure that our cyber risk management framework remains aligned with ISO 27001 and integrated into our broader enterprise risk management strategy, considering financial, operational, and compliance impacts.
Cybersecurity Risk Process For Informing Management Or Committees Responsible [Text Block] | The audit committee reviews the Company's cybersecurity risks and assess’ the steps that management has taken to protect against threats to the Company's information systems and security.
Cybersecurity Risk Management Positions Or Committees Responsible Report To Board Flag | true

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