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Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies - Charter party arrangements (Table)

Charter party arrangements:

			Six month periods ending June 30,
+ inflows/ - outflows			Total			2022			2023			2024			2025			2026			2027 and thereafter
Future, minimum, non-cancellable charter revenue (1)		$	68,256		$	68,256		$	-		$	-		$	-		$	-		$	-
Future, minimum, charter-in hire payments (2)			(2,040)			(2,040)			-			-			-			-			-
Total		$	66,216		$	66,216		$	-		$	-		$	-		$	-		$	-

(1)

The amounts represent the minimum contractual charter revenues to be generated from the existing, as of June 30, 2021, non-cancellable time charter agreements, until their expiration, net of address commission, assuming no off-hire days other than those related to scheduled interim and special surveys of the vessels.

(2)

The amounts represent the Company’s commitments under the existing, as of June 30, 2021, time charter-in arrangements for third party vessels.

Commitments and Contingencies - Other commitments (Table)

Other commitments:

Six month periods ending June 30,

+ inflows/ - outflows Total 2022 2023 2024 2025 2026 2027 and thereafter

Vessel BWTS (1) (25,584) (25,584) - - - - -

Office rent (2) (762) (762)

Total $ (26,346) $ (26,346) $ - $ - $ - $ - $ -

(1)

The amounts represent the Company’s commitments as of June 30, 2021, for installation of Ballast Water Treatment System (“BWTS”) on its vessels so as to comply with environmental regulations.

(2)

The amount reflects the minimum rental payments under the office rental agreements that the Company is party to as of June 30, 2021.