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CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 65,708 $ 60,658
Accounts receivable and accrued revenues 50,437 30,361
Capitalized voyage expenses 3,723 1,395
Prepaid expenses 10,506 6,162
Derivative financial assets 3,703 0
Bunker inventory 36,351 33,396
Total current assets 170,427 131,972
Non-current assets    
Vessels 1,287,343 1,467,846
Advances for vessel upgrades 2,101 372
Other property, plant and equipment 4,869 3,766
Goodwill 1,356 0
Investment in associate company 0 5,406
Total non-current assets 1,295,669 1,477,391
TOTAL ASSETS 1,466,096 1,609,362
Current liabilities    
Accounts payable and accrued expenses 22,398 19,662
Derivative financial liabilities 0 7,002
Current portion long-term debt 41,235 9,792
Other current liabilities 1,207 624
Deferred shipping revenues 3,056 4,865
Total current liabilities 67,897 41,944
Non-current liabilities    
Long-term debt 377,695 512,507
Derivative financial liabilities 0 4,222
Other non-current liabilities 3,474 3,330
Total non-current liabilities 381,169 520,059
TOTAL LIABILITIES 449,066 562,003
Equity    
Common stock at par value 1,627 1,661
Additional paid-in capital 1,243,647 1,264,000
Accumulated deficit (236,082) (222,405)
Translation differences (212) 101
Other reserves 3,123 3,968
Total equity attributable to the Company 1,012,102 1,047,326
Non-controlling interest 4,928 34
Total equity 1,017,030 1,047,359
TOTAL LIABILITIES AND EQUITY $ 1,466,096 $ 1,609,362