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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2018
Long-Term Debt Covenants [Abstract]  
Bank Loans

 

Bank loans

As of December 31,

2018

As of December 31,

2017

Margin

(i)

Issued in September 2017 maturing in October 2023 (the “2017 credit facility”)

295,118 

350,401 

3.25% 

 

 

 

 

 

 

Total long-term debt

             $295,118 

$350,401 

 

 

 

 

 

 

 

Less: Deferred loan issuance costs

3,707 

5,054 

 

 

Less: loan associated with vessel held for sale

- 

14,781 

 

 

 

 

 

 

 

Total long-term debt, net

             $291,411 

$330,566 

 

 

Less: Current portion of long-term debt

38,494 

35,882 

 

 

Add: Current portion of deferred loan issuance costs

1,015 

1,176 

 

 

Long-term debt, net

            $253,932 

$295,860 

 

 

 

 

 

 

 

Required Annual Loan Payments

For the year ending

December 31,

Amount

2019

$38,494 

2020

$38,494 

2021

$38,494 

2022

$38,494 

2023

$141,142 

 

 

Total

$     295,118