XML 19 R11.htm IDEA: XBRL DOCUMENT v3.23.2
Transactions with Related Parties
6 Months Ended
Jun. 30, 2023
Related Party Transactions [Abstract]  
Transactions with Related Parties

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, 2023 and are discussed in Note 3 of the Company’s consolidated financial statements for the year ended December 31, 2022, included in the 2022 Annual Report.

Transactions and balances with related parties are analyzed as follows:

Balance Sheets

    December 31, 2022     June 30, 2023
Long term investment          
Interchart  $ 1,349   $ 1,381
Starocean   202     203
CCL Pool   125     125
Long term investment $ 1,676   $ 1,709
           
Due from related parties          
Oceanbulk Maritime and its affiliates     287     248
Interchart     3      3
Starocean     34      34
Due from related parties $ 324   $ 285
           
Due to related parties          
Management and Directors Fees    114      38
Iblea Ship Management Limited    1,387      1,937
Due to related parties $ 1,501   $ 1,975

 

 

3.        Transactions with Related Parties - continued:

 

Income statements

 

   Six months ended June 30, 
        2022     2023
 Voyage expenses:           
 Voyage expenses-Interchart   $  (2,070)    $  (2,070)
 General and administrative expenses:           
 Consultancy fees    $  (270)    $  (281)
 Directors compensation       (90)       (93)
 Office rent - Combine Marine Ltd. &  Alma Properties     (19)     (19)
 General and administrative expenses - Oceanbulk Maritime and its affiliates     (100)     (104)
 Management fees:           
 Management fees- Augustea Technoservices Ltd. and affiliates    $  (1,264)    $  -
 Management fees- Iblea Ship Management Limited     (1,426)     (1,514)
 Equity in income/(loss of investee)           
 Interchart   $  (22)    $  32
 Starocean    12     1