XML 11 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 81,250 $ 78,143
Accounts receivable and accrued revenues 33,953 53,715
Capitalized voyage expenses 1,462 2,450
Prepaid expenses 6,426 7,200
Inventories 23,498 37,688
Asset held for sale 0 22,693
Total current assets 146,590 201,889
Non-current assets    
Vessels 1,042,035 1,185,576
Vessels under construction 190,884 93,178
Advances for vessel and vessel upgrades 11,924 0
Other property, plant and equipment 5,256 4,589
Goodwill 1,356 1,356
Total non-current assets 1,251,456 1,284,698
TOTAL ASSETS 1,398,045 1,486,587
Current liabilities    
Accounts payable and accrued expenses 21,505 23,436
Derivative financial liabilities 111 0
Current portion long-term debt 31,551 78,649
Other current liabilities 925 1,389
Deferred shipping revenues 6,710 6,139
Total current liabilities 60,801 109,613
Non-current liabilities    
Long-term debt 236,976 330,775
Derivative financial liabilities 243 0
Other non-current liabilities 4,357 3,497
Total non-current liabilities 241,575 334,273
TOTAL LIABILITIES 302,376 443,886
Equity    
Common stock at par value 1,608 1,600
Additional paid-in capital 1,223,719 1,217,651
Accumulated deficit (133,115) (186,321)
Translation differences 477 39
Other reserves 2,916 5,273
Total equity attributable to the Company 1,095,605 1,038,242
Non-controlling interest 64 4,459
Total equity 1,095,669 1,042,701
TOTAL LIABILITIES AND EQUITY $ 1,398,045 $ 1,486,587