Financial Instruments and Fair Value Disclosures	6 Months Ended
Financial Instruments and Fair Value Disclosures	Jun. 30, 2025
Financial Instruments and Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Disclosures	13. Financial Instruments and Fair Value Disclosures Interest rate risk and concentration of credit risk Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist principally of cash and trade accounts receivable. The ability and willingness of each of the Company’s counterparties to perform their obligations under a contract depend upon a number of factors that are beyond the Company’s control and may include, among other things, general economic conditions, the state of the capital markets, the condition of the shipping industry and charter hire rates. The Company’s credit risk with financial institutions is limited as it has temporary cash investments, consisting mostly of deposits, placed with various qualified financial institutions and performs periodic evaluations of the relative credit standing of those financial institutions. The Company limits its credit risk with accounts receivable by performing ongoing credit evaluations of its customers’ financial condition and by receiving payments of hire in advance. The Company, generally, does not require collateral for its accounts receivable and does not have any agreements to mitigate credit risk. During the six months ended June 30, 2025 and 2024 charterers that individually accounted for 10 % or more of the Company’s time charter revenues were as follows: For the six months ended June 30, Charterer 2025 2024 Cargill International SA 12% * Nippon Yusen Kaisha 18% * *Less than 10% The Company is exposed to interest rate fluctuations associated with its variable rate of borrowings. Such exposure is managed by fixed interest indebtedness such as a bond, an interest rate swap with DNB (Note 7) and finance liabilities at fixed rates (Note 8). Fair value of assets and liabilities The carrying values of financial assets reflected in the accompanying consolidated balance sheet approximate their respective fair values due to the short-term nature of these financial instruments. Cash and cash equivalents and restricted cash are considered Level 1 items as they represent liquid assets with short-term maturities. The fair value of long-term bank loans with variable interest rates approximates the recorded values, generally due to their variable interest rates. Fair value measurements disclosed As of June 30, 2025, the Bond having a fixed interest rate and a carrying value of $ 175,000 (Note 7) had a fair value of $ 178,588 determined through the Level 1 input of the fair value hierarchy as defined in FASB guidance for Fair Value Measurements. Other Fair value measurements December 31, 2024 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) Assets Recurring fair value measurements Investments in related party 4,415 4,235 - 180 Total recurring fair value measurements $ 4,415 $ 4,235 $ - $ 180 Liabilities Recurring fair value measurements Warrant liability $ 1,802 $ 1,802 $ - Interest rate swap, liability 165 - 165 Total recurring fair value measurements $ 1,967 $ 1,802 $ 165 June 30, 2025 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) Assets Recurring fair value measurements Investments in equity securities 24,353 24,353 - - Investments in related party $ 6,895 $ 6,715 $ - $ 180 Total recurring fair value measurements $ 31,248 $ 31,068 $ - $ 180 Liabilities Recurring fair value measurements Warrant liability $ 1,297 $ 1,297 $ - Interest rate swap, liability 391 - 391 Total recurring fair value measurements $ 1,688 $ 1,297 $ 391