Cost

Accumulated depreciation

Net Book Value

Balance, December 31, 2022

$

3,843,686

$

(962,135)

$

2,881,551

- Acquisition of vessels, vessel improvements, vessel upgrades and other vessel costs

20,856

-

20,856

- Other fixed assets

151

-

151

- Vessel total loss

(27,570)

1,580

(25,990)

- Vessel sales

(275,772)

110,404

(165,368)

 - Vessel transferred to held for sale

(34,812)

19,622

(15,190)

- Impairment loss

(17,838)

-

(17,838)

- Depreciation for the period

-

(138,429)

Balance, December 31, 2023

$

3,508,701

$

(968,958)

$

2,539,743

- Acquisition of vessels, vessel improvements, vessel upgrades and other vessel costs

1,048,220

-

1,048,220

- Other fixed assets

404

-

404

- Vessel sales

(304,727)

90,572

(214,155)

- Impairment loss

(1,800)

-

(1,800)

- Depreciation for the period

-

(164,055)

Balance, December 31, 2024

$

4,250,798

$

(1,042,441)

$

3,208,357