XML 78 R65.htm IDEA: XBRL DOCUMENT v3.24.0.1
Long-term bank loans - Pre - Existing Loan Facilities Part II (Details Narrative)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 5 Months Ended 8 Months Ended 10 Months Ended 11 Months Ended 12 Months Ended
Jan. 30, 2020
USD ($)
Jan. 31, 2019
USD ($)
Mar. 01, 2019
USD ($)
Mar. 30, 2020
USD ($)
May 31, 2019
USD ($)
Aug. 31, 2019
USD ($)
Nov. 02, 2021
USD ($)
Oct. 29, 2021
USD ($)
Nov. 30, 2019
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 20, 2018
USD ($)
Line of Credit Facility [Line Items]                              
Cash and Cash Equivalents, at Carrying Value                   $ 227,481 $ 269,754 $ 450,285      
Debt Instrument, Covenant Compliance                   As of December 31, 2023, the Company was in compliance with the applicable financial and other covenants contained in its bank loan agreements and lease financings described in Note 6          
Long-Term Debt, Weighted Average Interest Rate, at Point in Time                   5.13% 3.21% 2.94%      
Debt Instrument, Unused Borrowing Capacity, Fee                   $ 27 $ 7 $ 93      
Gain amount from valuation instrument                       307      
Gain on hedging instrument                   659 9,474 436      
Long-Term Debt [Member]                              
Line of Credit Facility [Line Items]                              
Deferred Debt Issuance Cost, Writeoff                   3,549 2,192 3,612      
Expenses on debt prepayments                   2,259 3,218 $ 388      
Minimum liquidity, not legally restricted [Member]                              
Line of Credit Facility [Line Items]                              
Cash and Cash Equivalents, at Carrying Value                   58,000 64,000        
Minimum liquidity, legally restricted [Member]                              
Line of Credit Facility [Line Items]                              
Restriced cash and cash equivalents, current and non-current                   $ 34,269 $ 16,590        
ABN AMRO $97,150 Facility [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Initiation Date                   Oct. 27, 2021          
Description of scope, credit facility                   to refinance the outstanding amount under the then existing facility of 11 vessels (as described below)          
Number of Loan Tranches                   2          
Line of Credit Facility, Collateral                   is secured by a first priority mortgage on the vessels Star Pauline, Star Angie, Star Sophia, Star Georgia, Star Kamila, Star Nina, Star Eva, Star Paola, Star Aphrodite, Star Lydia and Star Nicole          
ABN AMRO $97,150 Facility [Member] | Tranche A [Member]                              
Line of Credit Facility [Line Items]                              
Proceeds from Lines of Credit               $ 68,950              
Repayment installment                   20          
Line of Credit Facility, Frequency of Payments                   quarterly          
Line of Credit Facility, Periodic Payment                   $ 2,250          
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid                   $ 23,950          
Line of credit facility, maturity date                   October 2026          
ABN AMRO $97,150 Facility [Member] | Tranche B [Member]                              
Line of Credit Facility [Line Items]                              
Proceeds from Lines of Credit               $ 28,200              
Repayment installment                   12          
Line of Credit Facility, Frequency of Payments                   quarterly          
Line of Credit Facility, Periodic Payment                   $ 2,350          
Line of credit facility, maturity date                   October 2024          
Credit Agricole $62,000 Facility [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Initiation Date                   Oct. 29, 2021          
Description of scope, credit facility                   to refinance the aggregate outstanding amount under the then existing loan agreements and to prepay an amount of $1,999 under the Atradius Facility (discussed below), in connection with the vessels Star Despoina and Star Piera          
Proceeds from Lines of Credit             $ 62,000                
Repayment installment                   20          
Line of Credit Facility, Frequency of Payments                   quarterly          
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid                   $ 8,800          
Line of credit facility, maturity date                   November 2026          
Line of Credit Facility, Collateral                   is secured by the vessels Star Martha, Star Sky, Stardust, Star Despoina and Star Piera          
Credit Agricole $62,000 Facility [Member] | First 3 installments [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Periodic Payment                   $ 3,000          
Credit Agricole $62,000 Facility [Member] | Remaining 17 installments [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Periodic Payment                   $ 2,600          
DSF $55,000 Facility [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Initiation Date                   Mar. 26, 2020          
Description of scope, credit facility                   used to refinance the outstanding amounts under the then existing lease agreements of the vessels Star Eleni and Star Leo          
Number of Loan Tranches                   2          
Proceeds from Lines of Credit       $ 27,500                      
Repayment date                   May 2023          
CEXIM $57,564 Facility [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Initiation Date                   Dec. 01, 2020          
Description of scope, credit facility                   to refinance (i) the then outstanding loan amounts of the vessels Star Gina 2GR, Star Charis and Star Suzanna and (ii) the then outstanding lease amount of the vessel Star Wave          
Number of Loan Tranches                   4          
Line of credit facility, maturity date                   December 2028          
Line of Credit Facility, Collateral                   is secured by first priority mortgages on the four aforementioned vessels          
CEXIM $57,564 Facility [Member] | Star Wave [Member]                              
Line of Credit Facility [Line Items]                              
Proceeds from Lines of Credit                         $ 13,209    
Line of Credit Facility, Periodic Payment                   $ 330          
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid                   2,642          
CEXIM $57,564 Facility [Member] | Star Gina [Member]                              
Line of Credit Facility [Line Items]                              
Proceeds from Lines of Credit                         26,175    
Line of Credit Facility, Periodic Payment                   654          
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid                   $ 5,235          
CEXIM $57,564 Facility [Member] | Star Wave and Star Gina [Member]                              
Line of Credit Facility [Line Items]                              
Repayment installment                   32          
Line of Credit Facility, Frequency of Payments                   quarterly          
Line of credit facility, maturity date                   December 2028          
CEXIM $57,564 Facility [Member] | Star Charis [Member]                              
Line of Credit Facility [Line Items]                              
Proceeds from Lines of Credit                         9,090    
CEXIM $57,564 Facility [Member] | Star Suzanna [Member]                              
Line of Credit Facility [Line Items]                              
Proceeds from Lines of Credit                         $ 9,090    
CEXIM $57,564 Facility [Member] | Star Charis and Star Suzanna [Member]                              
Line of Credit Facility [Line Items]                              
Repayment installment                   32          
Line of Credit Facility, Frequency of Payments                   quarterly          
E SUN Facility [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Initiation Date                   Jan. 31, 2019          
Description of scope, credit facility                   to refinance the then lease outstanding amount of the vessel Star Ariadne          
Proceeds from Lines of Credit     $ 37,100                        
Repayment date                   November 2023          
Atradius Facility [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Initiation Date                   Feb. 28, 2019          
Description of scope, credit facility                   to finance the acquisition and installation of scrubber equipment for 42 vessels          
Line of Credit Facility, Frequency of Payments                   semi-annual          
Line of Credit Facility, Periodic Payment                   $ 3,331          
Line of credit facility, maturity date                   June 2024          
Line of Credit Facility, Collateral                   secured by a second-priority mortgage on 18 vessels of the Company’s fleet          
Prepayment date                   September 2021          
Debt instrument, prepayment amount                   $ 1,999          
Atradius Facility [Member] | First Three Tranches [Member]                              
Line of Credit Facility [Line Items]                              
Proceeds from Lines of Credit                           $ 33,311  
Atradius Facility [Member] | Last Tranche [Member]                              
Line of Credit Facility [Line Items]                              
Proceeds from Lines of Credit $ 3,331                            
CTBC Facility [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Initiation Date                   May 24, 2019          
Description of scope, credit facility                   to refinance the outstanding amount under the then existing lease agreement of the vessel Star Karlie          
Proceeds from Lines of Credit         $ 35,000                    
Repayment date                   November 2023          
NTT Facility [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Initiation Date                   Jul. 31, 2019          
Description of scope, credit facility                   to refinance the then outstanding loan amount of the vessel Star Aquarius          
Proceeds from Lines of Credit           $ 17,500                  
Repayment date                   May 2023          
CEXIM $106,470 Facility [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Initiation Date                   Sep. 23, 2019          
Description of scope, credit facility                   to refinance the outstanding amounts under the then existing lease agreements of the vessels Katie K, Debbie H and Star Ayesha          
Number of Loan Tranches                   3          
Repayment installment                   40          
Line of Credit Facility, Frequency of Payments                   quarterly          
Line of Credit Facility, Periodic Payment                   $ 739          
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid                   $ 5,915          
Line of Credit Facility, Collateral                   secured by first priority mortgages on the three aforementioned vessels          
CEXIM $106,470 Facility [Member] | Tranche A, B and C [Member]                              
Line of Credit Facility [Line Items]                              
Proceeds from Lines of Credit                 $ 35,490            
ABN $115,000 Facility [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Initiation Date                   Dec. 17, 2018          
Number of Loan Tranches                   4          
Line of Credit Facility, Collateral                   secured by a first priority mortgage on the vessels Star Virginia, Star Scarlett, Star Jeannette, Star Audrey, Star Bright, Star Marianne and Star Janni          
ABN $115,000 Facility [Member] | Tranche C and D [Member]                              
Line of Credit Facility [Line Items]                              
Description of scope, credit facility                   to partially finance the acquisition cost of Star Marianne and Star Janni          
Proceeds from Lines of Credit   $ 17,875                          
Repayment installment                   19          
Line of Credit Facility, Frequency of Payments                   quarterly          
Line of Credit Facility, Periodic Payment                   $ 672          
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid                   $ 5,114          
Line of credit facility, maturity date                   December 2023          
ABN $115,000 Facility [Member] | Tranche A [Member]                              
Line of Credit Facility [Line Items]                              
Description of scope, credit facility                   to refinance the then existing indebtedness of the vessels Star Virginia, Star Scarlett, Star Jeannette and Star Audrey          
Proceeds from Lines of Credit                             $ 69,525
Line of Credit Facility, Periodic Payment                   $ 1,705          
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid                   $ 35,428          
ABN $115,000 Facility [Member] | Tranche B [Member]                              
Line of Credit Facility [Line Items]                              
Description of scope, credit facility                   to partially finance the acquisition cost of Star Bright          
Proceeds from Lines of Credit                             $ 7,900
Line of Credit Facility, Periodic Payment                   $ 282          
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid                   $ 2,260          
ABN $115,000 Facility [Member] | Tranche A and B [Member]                              
Line of Credit Facility [Line Items]                              
Repayment installment                   20          
Line of Credit Facility, Frequency of Payments                   quarterly          
Line of credit facility, maturity date                   December 2023          
ABN $115,000 Facility [Member] | Amended and Restated Agreement ABN $115,000 Facility [Member] | Tranche A [Member]                              
Line of Credit Facility [Line Items]                              
Repayment installment                   20          
Line of Credit Facility, Frequency of Payments                   quarterly          
Line of credit facility, maturity date                   June 2027          
ABN $115,000 Facility [Member] | Amended and Restated Agreement ABN $115,000 Facility [Member] | Tranche A, First 13 Installments [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Periodic Payment                   $ 1,705          
ABN $115,000 Facility [Member] | Amended and Restated Agreement ABN $115,000 Facility [Member] | Tranche A, Fourteenth Installment [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Periodic Payment                   2,218          
ABN $115,000 Facility [Member] | Amended and Restated Agreement ABN $115,000 Facility [Member] | Tranche A, Next Five Installments [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Periodic Payment                   3,330          
ABN $115,000 Facility [Member] | Amended and Restated Agreement ABN $115,000 Facility [Member] | Tranche A, Last Installment [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Periodic Payment                   $ 4,626          
ABN $115,000 Facility [Member] | Amended and Restated Agreement ABN $115,000 Facility [Member] | Tranche B [Member]                              
Line of Credit Facility [Line Items]                              
Repayment installment                   13          
Line of Credit Facility, Frequency of Payments                   quarterly          
Line of Credit Facility, Periodic Payment                   $ 282          
Line of credit facility, maturity date                   December 2025          
ABN $115,000 Facility [Member] | Amended and Restated Agreement ABN $115,000 Facility [Member] | Tranche B, Last Installment [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Periodic Payment                   $ 286          
ABN $115,000 Facility [Member] | Amended and Restated Agreement ABN $115,000 Facility [Member] | Tranche C and D [Member]                              
Line of Credit Facility [Line Items]                              
Repayment installment                   13          
Line of Credit Facility, Frequency of Payments                   quarterly          
Line of Credit Facility, Periodic Payment                   $ 672          
Line of credit facility, maturity date                   December 2025          
ABN $115,000 Facility [Member] | Amended and Restated Agreement ABN $115,000 Facility [Member] | Tranche C and D two last installments [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Periodic Payment                   $ 413          
ABN 67,897 Facility [Member] | Amended and Restated Agreement ABN $115,000 Facility [Member]                              
Line of Credit Facility [Line Items]                              
Line of Credit Facility, Initiation Date                   Aug. 04, 2022          
Line of credit facility, maturity date                   June 2027          
Debt Instrument, Interest Rate Terms                   lower margin above SOFR