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Consolidated Statement of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents [1],[2] $ 78,143 $ 74,738
Accounts receivable and accrued revenues [1] 53,715 75,848
Capitalized voyage expenses 2,450 2,549
Prepaid expenses 7,200 13,557
Inventories 37,688 33,806
Asset held for sale 22,693 0
Total current assets 201,889 200,498
Non-current assets    
Vessels 1,185,576 1,283,710
Vessels under construction 93,178 0
Vessel upgrades 0 10
Other property, plant and equipment 4,589 6,649
Goodwill 1,356 1,356
Total non-current assets 1,284,698 1,291,725
Total assets 1,486,587 1,492,223
Current liabilities    
Accounts payable and accrued expenses [1] 23,436 20,493
Current portion long-term debt [1] 78,649 30,300
Other current liabilities 1,389 1,418
Deferred shipping revenues 6,139 4,394
Total current liabilities 109,613 56,605
Non-current liabilities    
Long-term debt [1] 330,775 398,425
Other non-current liabilities 3,497 5,527
Total non-current liabilities 334,273 403,952
Total liabilities 443,886 460,557
Equity    
Common stock at par value 1,600 1,610
Additional paid-in capital 1,217,651 1,228,254
Accumulated deficit (186,321) (206,477)
Translation differences 39 201
Other reserves 5,273 3,566
Total equity attributable to the Company 1,038,242 1,027,153
Non-controlling interest 4,459 4,513
Total equity 1,042,701 1,031,667
Total liabilities and equity $ 1,486,587 $ 1,492,223
[1] Amounts carried at amortized cost.
[2] Cash and cash equivalents include $339 thousand in restricted cash in 2024 and $370 thousand in restricted cash in 2023, including employee withholding tax.