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Inventories
12 Months Ended
Dec. 31, 2024
Inventories [Abstract]  
Inventories

Note 12 – Inventories


Inventories consist mainly of remaining bunkers for our spot vessels at the end of the year. The total inventories balance was $37,688 thousand as of December 31, 2024, compared to $33,806 thousand as of December 31, 2023.



Bunker inventory is stated at the lower of cost and net realizable value. Cost is determined using the FIFO method and includes expenditures incurred in acquiring the bunkers and delivery cost less discounts.