XML 17 R10.htm IDEA: XBRL DOCUMENT v3.25.2
Transactions with Related Parties
6 Months Ended
Jun. 30, 2025
Transactions/Investments with Related Parties [Abstract]  
Transactions with related parties
2.
 
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
 
the
six months ended June 30, 2025 and 2024
 
amounted to $
1,426
 
and $
1,288
, respectively,
 
and are mainly
included
 
in
 
vessel
 
operating
 
expenses
 
and
 
general
 
and
 
administrative
 
expenses
 
in
 
the
 
accompanying
unaudited
 
interim
 
consolidated
 
statements
 
of
 
income/(loss).
 
As
 
of
 
June
 
30,
 
2025
 
and
 
December
 
31,
2024, an
 
amount of
 
$
151
 
and $
190
, respectively,
 
was due
 
to Altair,
 
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.
 
Steamship provides
 
brokerage services
 
to
 
DSI for
 
a
 
fixed
monthly
 
fee,
 
commissions
 
for
 
sale
 
and
 
purchase
 
activities
 
and
 
expenses,
 
pursuant
 
to
 
a
 
Brokerage
Services
 
Agreement.
 
For
 
the
 
six
 
months
 
ended
 
June
 
30,
 
2025
 
and
 
2024,
 
brokerage
 
fees,
 
including
commissions and other expenses, amounted to $
2,136
 
and $
2,152
, respectively, and are included mainly
i
n
 
general
 
and
 
administrative
 
expenses
 
and
 
in
 
gain
 
on
 
sale
 
of
 
vessels
 
in
 
the
 
accompanying
 
unaudited
interim
 
consolidated
 
statements
 
of
 
income/(loss).
 
As
 
of
 
June
 
30,
 
2025,
 
and
 
December
 
31,
 
2024,
 
an
amount of $
0
 
and $
0
, respectively, was due to Steamship