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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations - Memoranda of Agreement for the Sale of 12 Container Vessels(Table)

 

                 
Name of Vessel   Type   TEU   MOA Date   Delivery
M/V Akadimos   Neo Panamax Container Vessel   9,288   January 31, 2024   March 8, 2024
M/V Long Beach Express   Panamax Container Vessel   5,089   December 15, 2023   February 26, 2024
M/V Seattle Express   Panamax Container Vessel   5,089   February 14, 2024   April 26, 2024
M/V Fos Express   Panamax Container Vessel   5,089   February 14, 2024   May 3, 2024
M/V Athenian   Neo Panamax Container Vessel   9,954   March 1, 2024   April 22, 2024
M/V Athos   Neo Panamax Container Vessel   9,954   March 1, 2024   April 22, 2024
M/V Aristomenis   Neo Panamax Container Vessel   9,954   March 1, 2024   May 3, 2024
M/V Hyundai Premium   Neo Panamax Container Vessel   5,023   September 12, 2024   November 22, 2024
M/V Hyundai Paramount   Neo Panamax Container Vessel   5,023   September 12, 2024   December 20, 2024
M/V Hyundai Prestige   Neo Panamax Container Vessel   5,023   September 12, 2024   December 5, 2024
M/V Hyundai Privilege   Neo Panamax Container Vessel   5,023   September 12, 2024   January 10, 2025
M/V Hyundai Platinum   Neo Panamax Container Vessel   5,023   September 12, 2024   March 10, 2025
M/V Manzanillo Express   Neo Panamax Container Vessel   13,312   August 7, 2025   October 6, 2025
Discontinued Operations - Operating Results of the Discontinued Operations (Table)

             
  For the years ended December 31,
    2024   2023   2022
Revenues $ 84,912  $ 133,122 $ 114,980
Expenses / (income), net:            
Voyage expenses   1,757    3,065   3,251
Vessel operating expenses   20,011   35,699   28,177
Vessel operating expenses - related party   3,023    4,514   3,958
Vessel depreciation and amortization   15,620    33,935   29,252
Impairment of vessel   —    340  
Gain on sale of vessels   (103,807)    
Operating income, net    148,308   55,569   50,342
Other income / (expense), net:            
Interest expense and finance cost (including $304 to related party, for the year ended December 31, 2024, 2023 and 2022)    (10,472)   (16,623)   (11,199)
Other income / (expense), net   166    (23)   (2)
Total other expense, net   (10,306)    (16,646)   (11,201)
Net income from discontinued operations $ 138,002  $ 38,923 $ 39,141
Discontinued Operations - Balance Sheet Information from Discontinued Operations (Table)

 

         
    As of December 31, 2024   As of December 31, 2023
Cash and cash equivalents $ 38 $ 2
Trade accounts receivable, net   763   1,227
Prepayments and other assets   1,060   2,151
Inventories   260   2,813
Claims   49   49
Assets held for sale   71,720   14,394
Total current assets of discontinued operations   73,890   20,636
Vessels, net   111,390   535,660
Above market acquired charters     9,420
Deferred charges, net     4,714
Prepayments and other assets     325
Total non-current assets of discontinued operations   111,390   550,119
Current portion of long-term debt, net   5,185   14,842
Trade accounts payable   3,288   4,976
Due to related parties     3,823
Accrued liabilities   12,817   10,055
Deferred revenue   903   9,319
Below market acquired charters associated with vessel held for sale     1,447
Total current liabilities of discontinued operations   22,193   44,462
Non-current liabilities associated with vessels held for sale (including $6,000 payable to related party as of December 31, 2023)   88,673   180,841
Below market acquired charters     3,135
Deferred revenue     9,533
Total non-current liabilities of discontinued operations $ 88,673 $ 193,509
Discontinued Operations - Gain on Sale of Vessels(Table)

 

               
Vessel   Sale price   Carrying value on sale   Other sale expenses Gain / (loss) 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 Long Beach Express   13,050   (12,789)   (261)   — 
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
M/V Hyundai Premium   60,650   (34,626)   (1,825)   24,199
M/V Hyundai Paramount   60,650   (34,736)   (1,825)   24,089
M/V Hyundai Prestige   60,650   (34,908)   (1,825)   23,917
Total $ 454,400 $ (339,657) $ (10,936) $ 103,807