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CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 73,920 $ 125,948
Accounts receivable and accrued revenues 55,684 59,465
Capitalized voyage expenses 2,817 2,799
Prepaid expenses 9,023 10,550
Derivative financial assets 0 3,759
Bunker inventory 37,783 33,069
Total current assets 179,227 235,589
Non-current assets    
Vessels 1,311,892 1,261,998
Advances for vessel upgrades 15 4,583
Other property, plant and equipment 4,985 4,949
Goodwill 1,356 1,356
Total non-current assets 1,318,247 1,272,885
TOTAL ASSETS 1,497,474 1,508,474
Current liabilities    
Accounts payable and accrued expenses 25,111 29,398
Current portion long-term debt 47,933 29,626
Other current liabilities 1,317 1,178
Deferred shipping revenues 4,394 4,172
Total current liabilities 78,754 64,374
Non-current liabilities    
Long-term debt 388,647 367,069
Other non-current liabilities 3,557 3,545
Total non-current liabilities 392,203 370,614
TOTAL LIABILITIES 470,958 434,988
Equity    
Common stock at par value 1,610 1,627
Additional paid-in capital 1,228,037 1,243,754
Accumulated deficit (210,754) (180,664)
Translation differences 69 138
Other reserves 3,132 3,623
Total equity attributable to the Company 1,022,095 1,068,478
Non-controlling interest 4,421 5,008
Total equity 1,026,516 1,073,486
TOTAL LIABILITIES AND EQUITY $ 1,497,474 $ 1,508,474