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Consolidated Statement of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents [1],[2] $ 125,948 $ 60,658
Accounts receivable and accrued revenues [1] 59,465 30,361
Capitalized voyage expenses 2,799 1,395
Prepaid expenses 10,550 6,162
Derivative financial assets [3] 3,759 0
Bunker inventory 33,069 33,396
Total current assets 235,589 131,972
Non-current assets    
Vessels 1,261,998 1,467,846
Advances for vessel upgrades 4,583 372
Other property, plant and equipment 4,949 3,766
Goodwill 1,356 0
Investment in associate company 0 5,406
Total non-current assets 1,272,885 1,477,391
Total assets 1,508,474 1,609,362
Current liabilities    
Accounts payable and accrued expenses [1] 29,398 19,662
Derivative financial liabilities [3] 0 7,002
Current portion long-term debt [1] 29,626 9,792
Other current liabilities 1,178 624
Deferred shipping revenues 4,172 4,865
Total current liabilities 64,374 41,944
Non-current liabilities    
Long-term debt [1] 367,069 512,507
Derivative financial liabilities [3] 0 4,222
Other non-current liabilities 3,545 3,330
Total non-current liabilities 370,614 520,059
Total liabilities 434,988 562,003
Equity    
Common stock at par value 1,627 1,661
Additional paid-in capital 1,243,754 1,264,000
Accumulated deficit (180,664) (222,405)
Translation differences 138 101
Other reserves 3,623 3,968
Total equity attributable to the Company 1,068,478 1,047,326
Non-controlling interest 5,008 34
Total equity 1,073,486 1,047,359
Total liabilities and equity $ 1,508,474 $ 1,609,362
[1] Amortized cost.
[2] Cash and cash equivalents include $316 thousand in restricted cash in 2022 and $289 thousand in 2021, including employee withholding tax.
[3] Fair value through profit or loss.