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Transactions with Related Parties

6 Months Ended

Jun. 30, 2019

3. Transactions with Related Parties:

Details of the Company’s transactions with related parties did not change in the six-month period ended June 30, 2019 and are discussed in Note 3 of the Company’s consolidated financial statements for the year ended December 31, 2018, included in the 2018 Annual Report.

Transactions and balances with related parties are analyzed as follows:

Balance Sheets

		December 31, 2018		June 30, 2019
Due from related parties
Oceanbulk Maritime S.A. and its affiliates	$	85	$	264
Interchart Shipping Inc.		-		1
Starocean Manning Philippines Inc.		65		52
Sellers of the Augustea Vessels		867		-
Songa Shipmanagement Ltd.		305		-
Due from related parties	$	1,322	$	317

Due to related parties
Management and Directors Fees	$	236	$	131
Sydelle Marine Limited		302		-
Augustea Technoservices Ltd.		1,111		366
Due to related parties	$	1,649	$	497

Statements of Operations

		Six months ended June 30,
		2018	2019
Voyage expenses-Interchart	$	(1,650)	(1,950)
Consultancy fees		(262)	(328)
Directors compensation		(72)	(87)
Office rent - Combine Marine Ltd. & Alma Properties		(19)	(9)
Voyage revenues - profit sharing agreement-Sydelle Marine Limited		(4)	-
Management fees- Augustea Technoservices Ltd.		-	(3,254)
Management fees- Songa Shipmanagement Ltd.		-	(32)
General and administrative expenses - Oceanbulk Maritime S.A. and its affiliates		-	(78)