XML 44 R35.htm IDEA: XBRL DOCUMENT v3.25.2
Fair value measurements and Hedging (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements and Hedging - Schedule of Derivative Instrument (Table)

Counterparty Trading Date Inception Expiry Fixed Rate Initial Notional Current Notional
ING Mar-20 Mar-20 Mar-26 0.7000%  $    29,960  $  18,725
ING Jul-20 Jul-20 Jul-26 0.3700%  $    70,000  $  14,583
Fair value measurements and Hedging - Derivative instruments effect on statements of operations (Table)

         
    Six months ended June 30,
    2024   2025
Consolidated Income Statement        
Gain/(loss) on derivative financial instruments, net                                           
Realized gain/(loss) of de-designated accounting hedging relationship of interest rate swaps                      7   

                   400 

Unrealized gain/(loss) of de-designated accounting hedging relationship of interest rate swaps                      (1,356)                       46
Realized gain/(loss) of foreign currency forward contracts   103  
Total Gain/(loss) recognized $                     (1,246)  $                     446
         
Interest and finance costs        
Reclassification adjustments of interest rate swap loss/(gain) transferred to Interest and finance costs from Other comprehensive income/(loss)                    2,792                   551
Total Gain/(loss) recognized  $                  2,792  $                  551
         
Gain/(Loss) on FFAs and bunker swaps, net        
Realized gain/(loss) on FFAs                 (7,967)                     1,271
Realized gain/(loss) on bunker swaps               (49)                     1,409
Unrealized gain/(loss) on FFAs               3,657                      903
Unrealized gain/(loss) on bunker swaps                    43                   752
Total Gain/(loss) recognized $             (4,316)  $                    4,335
Fair Value Measurements and Hedging - Fair value on a recurring basis - Quoted Prices in Active Markets (Table)

               
    Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)
    December 31, 2024 June 30, 2025
  Balance Sheet Location (not designated as cash flow hedges)   (designated as cash flow hedges) (not designated as cash flow hedges)   (designated as cash flow hedges)
ASSETS              
FFAs - current Derivatives, current asset portion $ 65   $ —   $ 1,004 $ —  
Bunker swaps - current Derivatives, current asset portion   63     —   816   —  
Total    $ 128   $ —   $ 1,820 $ —  
LIABILITIES          
FFAs - current Derivatives, current liability portion $ $ —   $ 34 $ —  
Total    $ $ —    $ 34 $ —  
Fair Value Measurements and Hedging - Fair value on a recurring basis - Significant Other Observable Inputs (Table)

                   
      Significant Other Observable Inputs (Level 2)
      December 31, 2024   June 30, 2025
  Balance Sheet Location   (not designated as cash flow hedges)   (designated as cash flow hedges)   (not designated as cash flow hedges)   (designated as cash flow hedges)
ASSETS                  
Interest rate swaps - current Derivatives, current asset portion $                                $                        2,049 $                    747 $                 
Interest rate swaps - non-current Derivatives, non-current asset portion                                                             330                            23                        
Total     $                                $                    2,379  $                     770  $                  
Fair Value Measurements and Hedging- Amortized cost and fair value of AFS debt security (Table)

      June 30, 2025
   Balance Location   Amortized Cost   Unrealized gain/(loss)   Fair Value
AFS Debt Security Other current assets $ 914 $ 58  $  972
 Total   $ 914 $ 58  $  972