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Transactions with Related Parties
 12 Months Ended
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).