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CONSOLIDATED STATEMENTS OF INCOME/(LOSS) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
REVENUES:    
Time charter revenues $ 109,625 $ 113,648
OPERATING EXPENSES    
Voyage expenses 6,064 6,413
Vessel operating expenses 39,962 42,133
Depreciation and amortization of deferred charges 22,839 22,106
General and administrative expenses 17,133 16,729
Management fees to a related party (Note 3(a)) 636 666
Gain on sale of vessels (Note 5) (1,500) (1,572)
Other operating loss/(income) 460 (389)
Operating income, total 24,031 27,562
OTHER INCOME/(EXPENSE)    
Interest expense and finance costs (Note 11) (21,890) (23,650)
Interest and other income 3,778 3,776
Gain/(loss) on derivative instruments (Note 7) (227) 361
Loss on equity securities (Note 4(b)) (403) (400)
Gain/(loss) on warrants (Note 10(g)) 515 (6,773)
Loss from equity method investments (Note 3) (747) (231)
Total other expenses, net (16,492) (28,268)
Net income/(loss) 7,539 (706)
Dividends on series B preferred shares (Notes 10(b) and 12) (2,884) (2,884)
Net income/(loss) attributable to common stockholders $ 4,655 $ (3,590)
Earnings per common share, basic (Note 12) $ 0.04 $ (0.03)
Earnings per common share, diluted (Note 12) $ 0.04 $ (0.03)
Weighted average number of common shares outstanding, basic (Note 14) 110,095,604 112,818,414
Weighted average number of common shares outstanding, diluted (Note 14) 110,095,604 112,818,414
Gain/(loss) on related party investments $ 2,482 $ (1,351)
Related Party [Member]    
OTHER INCOME/(EXPENSE)    
Gain/(loss) on related party investments $ 2,482 $ (1,351)