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Fixed Assets and Assets Held for Sale (Tables)

6 Months Ended

Jun. 30, 2024

Fixed Assets And Assets Held For Sale

Fixed Assets and Assets Held for Sale - Vessels, net (Table)

Fixed Assets and Assets Held for Sale - Vessels, net (Table)

	Vessel cost		Accumulated depreciation		Net book value
Balance as at January 1, 2024	$	2,769,298	$	(277,382)	$	2,491,916
Vessel acquisitions		1,150,782		—		1,150,782
Vessel disposals		(311,021)		73,607		(237,414)
Improvements		247		—		247
Depreciation for the year		—		(45,760)		(45,760)
Balance as at June 30, 2024	$	3,609,306		(249,535)		3,359,771

Fixed Assets And Assets Held for Sale - Vessel acquisitions (Table)

Fixed Assets And Assets Held for Sale - Vessel acquisitions (Table)

Vessel	Delivery Date		Consideration		Debt (Note 7)		Umbrella Seller’s Credit (Note 7)		Advances paid to CMTC in December 2023		Cash paid to CMTC on the delivery date
Axios II	January 2, 2024	$	314,000	$	190,000	$	92,600	$	31,400	$	—
Assos	May 31, 2024		277,000		240,000		—		27,700		9,300
Aktoras	June 5, 2024		311,000		240,000		39,900		31,100		—
Apostolos	June 28, 2024		302,000		192,000		2,264		30,200		77,536
Total		$	1,204,000	$	862,000	$	134,764	$	120,400	$	86,836

Fixed Assets and Assets Held for Sale - Disposals (Table)

 Fixed Assets and Assets Held for Sale - Disposals (Table)

Vessel	MOA date		MOA Price	Delivery Date
M/V Akadimos	January 31, 2024	$	80,000	March 8, 2024
M/V Seattle Express	February 14, 2024		13,200	April 26, 2024
M/V Fos Express	February 14, 2024		13,200	May 3, 2024
M/V Athenian	March 1, 2024		51,000	April 22, 2024
M/V Athos	March 1, 2024		51,000	April 22, 2024
M/V Aristomenis	March 1, 2024		51,000	May 3, 2024
Total		$	259,400

Fixed Assets and Assets Held for Sale - Gain on Sale of vessels (Table)

Fixed Assets and Assets Held for Sale - Gain on Sale of vessels (Table)

Vessel		Sale price		Carrying value on sale		Other sale expenses		Gain on sale
M/V Akadimos	$	80,000	$	(62,030)	$	(1,560)	$	16,410
M/V Seattle Express		13,200		(12,939)		(269)		(8)
M/V Fos Express		13,200		(12,931)		(284)		(15)
M/V Athenian		51,000		(44,833)		(1,029)		5,138
M/V Athos		51,000		(44,760)		(1,029)		5,211
M/V Aristomenis		51,000		(45,105)		(1,029)		4,866
Total	$	259,400	$	(222,598)	$	(5,200)	$	31,602

Fixed Assets and Assets Held for Sale - vessels under construction cost (Table)

Fixed Assets and Assets Held for Sale - vessels under construction cost (Table)

	Vessels under construction cost
Balance as at January 1, 2024	$	140,369
Advances for vessels under construction		184,409
Balance as at June 30, 2024	$	324,778

Fixed Assets and Assets Held for Sale - Advances for vessels under construction - related party (Table)

Fixed Assets and Assets Held for Sale - Advances for vessels under construction - related party (Table)

	Advances for vessels under construction-related party
Balance as at January 1, 2024	$	174,400
Transfer to vessels, net		(120,400)
Balance as at June 30, 2024	$	54,000

Fixed Assets and Assets Held for Sale - Assets held for sale (Table)

Fixed Assets and Assets Held for Sale - Assets held for sale (Table) 

	Assets held for sale
Balance as at January 1, 2024	$	14,394
Disposal of vessel		(14,394)
Balance as at June 30, 2024	$	—

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