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Advances for Vessels Under Construction and Vessels, net | 6 Months Ended
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Jun. 30, 2026
Advances for Vessels Under Construction and Vessels, net [Abstract] |
Advances for Vessels Under Construction and Vessels, net | 5. Advances for vessels under construction and Vessels, net It is in the Company’s normal course of business from time to time to acquire and sell vessels. Accordingly, as of June 30, 2026, the Company had entered into the below transactions. Vessels under construction On February 8, 2024, the Company signed an agreement with an unaffiliated third party, for the construction of two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, to be built at Tsuneishi Group (Zhoushan) Shipbuilding Inc., China. The vessels are expected to be delivered to the Company by the second half of 2027 and the first half of 2028. As of June 30, 2026 and December 31, 2025, advances for vessels under construction, separately presented in the accompanying consolidated balance sheets, amounted to $ 21,477 and $ 20,877 , respectively, of which $ 3,024 and $ 2,446 was capitalized interest. During the six months ended June 30, 2026, capitalized expenses amounted to $ 600 , including capitalized interest of $ 578 (Note 11). The amount reflected in Vessels, net in the accompanying consolidated balance sheets is analyzed as follows: Vessel Cost Accumulated Depreciation Net Book Value Balance, December 31, 2025 $ 1,045,512 $ (267,574) $ 777,938 - Additions for vessel improvements 43 - 43 - Depreciation for the period - (18,738) (18,738) Balance, June 30, 2026 $ 1,045,555 $ (286,312) $ 759,243

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- Definition The entire disclosure for advances for vessel acquisitions and Vessels, net. + References No definition available. + Details
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- References No definition available. + Details
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