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Transactions with Related Parties
 6 Months Ended
Jun. 30, 2017
Transactions with Related Parties [Abstract]  
Transactions with Related Parties:
 
3.      Transactions with Related Parties:
Except for the Sydelle profit sharing agreement described below, details of the Company's transactions with related parties did not change in the six-month period ended June 30, 2017 and are discussed in Note 3 of the Company's consolidated financial statements for the year ended December 31, 2016, included in the 2016 Annual Report.
Sydelle profit sharing agreement: In April 2017, Sydelle Marine Limited (“Sydelle”), a company controlled by members of the family of Mr. Petros Pappas, our chief executive officer, entered into an agreement (the “Agreement”) with the Company's fully owned subsidiary Domus Shipping LLC (“Domus”), owner of the vessel Star Ariadne, to operate a pool, whereby the net revenues of Star Ariadne and the vessel owned by Sydelle, will be equally split between the two companies. This pooling arrangement commenced in April 2017. Pursuant to the Agreement, the pool adjustment for the six-month period ended June 30, 2017 was ($159), which is recorded in “Voyage revenues” in the accompanying consolidated statements of operations. As of June 30, 2017, the Company had an outstanding payable amount of $159 in connection with the Agreement.
 
Transactions and balances with related parties are analyzed as follows:
Balance Sheet
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
June 30, 2017
Due from related parties
 
 
 
 
 
 
Oceanbulk Maritime S.A. and its affiliates
 
$
922
 
$
                        148
Interchart Shipping Inc.
 
 
                                -   
 
 
                           -   
Star Ocean Manning Philipines Inc.
 
 
                                -   
 
 
80
Due from related parties
 
$
922
 
$
228
 
 
 
 
 
 
 
Due to related parties
 
 
 
 
 
 
Combine Marine Ltd.
 
$
                                -   
 
 
8
Oceanbulk Maritime S.A. and its affiliates
 
 
26
 
 
3
Sydelle profit sharing agreement
 
 
 
 
 
159
Management and Directors Fees
 
 
323
 
 
157
Managed Vessels of Oceanbulk Shipping LLC
 
 
7
 
 
7
Due to related parties
 
$
356
 
$
334
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
Six month period ended
June 30,
 
 
 
2016
 
 
2017
Voyage expenses-Interchart
 
$
                        (1,650)
 
 $
                   (1,650)
Executive directors consultancy fees
 
 
                           (248)
 
   
                      (250)
Non-executive directors compensation
 
 
                             (75)
 
   
                        (72)
Office rent - Combine Marine Ltd.
 
 
                             (17)
 
 
                        (17)
Office rent - Alma Properties
 
 
                                -   
 
 
                          (2)
Sydelle profit sharing agreement
 
 
                                -   
 
 
                      (159)