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Significant Accounting Policies and Recent Accounting Pronouncements (Policy) | 6 Months Ended
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Jun. 30, 2026
Significant Accounting Policies and Recent Accounting Pronouncements [Abstract] |
Nonrevolving Loan Commitment Fees | Nonrevolving Loan Commitment Fees During the six months ended June 30, 2026, the Company adopted a change in its accounting policy related to loan commitment fees. Previously, loan commitment fees were expensed as incurred or were capitalized as part of the vessels' construction cost. Under the new policy, in accordance with ASC 310- 20-25-11, commitment fees are deferred until the debt is drawn and are subsequently presented as a contra-liability to the debt and amortized using the effective interest method. Management believes that this change results in a more appropriate presentation of the Company’s financial position and results of operations. The Company applied this change prospectively from the date of adoption, as the impact of the change in accounting policy on the Company’s consolidated financial statements for prior periods was not material.
New Accounting Pronouncements | New Accounting Pronouncements In May 2026, the FASB issued Accounting Standards Update No. 2026-02, Environmental Credits and Environmental Credit Obligations (Topic 818), which establishes guidance for the recognition, measurement, presentation and disclosure of environmental credits and related environmental credit obligations. The amendments are effective for annual reporting periods beginning after December 15, 2027, including interim periods within those annual reporting periods, with early adoption permitted, and are required to be applied retrospectively. The Company is currently evaluating the impact of adopting this guidance on its consolidated financial statements and related disclosures.

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- Definition Disclosure of accounting policy related to debt. Includes, but is not limited to, debt issuance costs, the effects of refinancings, method of amortizing debt issuance costs and original issue discount, and classifications of debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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- Definition Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. + References No definition available. + Details
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