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Fixed Assets (Tables)
12 Months Ended
Dec. 31, 2024
Fixed Assets  
Fixed Assets - Vessels, net (Table)

  

 

Vessel cost   Accumulated depreciation   Net book value
Balance as at January 1, 2023 $ 1,256,697   $ (62,189)   $ 1,194,508
Vessel acquisitions   840,662         840,662
Vessel disposals   (41,806)     23,667     (18,139)
Improvements   357         357
Depreciation for the year       (49,975)     (49,975)
Impairment of vessel   (11,157)         (11,157)
Balance as at December 31, 2023 $ 2,044,753   $ (88,497)   $ 1,956,256
Vessel acquisitions   1,150,782         1,150,782
Improvements   141         141
Depreciation for the year       (81,554)     (81,554)
Balance as at December 31, 2024 $ 3,195,676   $ (170,051)   $ 3,025,625
Fixed Assets - Vessel acquisitions (Table)

Vessel Delivery Date   Consideration   Debt (Note 8)   Umbrella Seller’s Credit (Note 8)   Advances   Cash
LNG/C Axios II January 2, 2024 $ 314,000 $ 190,000 $ 92,600 $ 31,400 $
LNG/C Assos May 31, 2024   277,000   240,000     27,700   9,300
LNG/C Aktoras June 5, 2024   311,000   240,000   39,900   31,100  
LNG/C 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 - Vessel acquisitions (Table)

 

Vessels, net $ 1,150,782
Above market acquired charters (Note 7)   58,254
Below market acquired charters (Note 7)   (5,036)
Total $ 1,204,000
Fixed Assets - Vessel owning companies (Table)

 

Vessel Delivery Date   Consideration   Debt (Note 8)  

Advances

(in June 2022)

  Cash
M/V Itajai Express January 10, 2023 $ 122,500 $ 108,000 $ 6,000 $ 8,500
LNG/C Asterix I February 17, 2023   230,000   184,000   12,000   34,000
M/V Buenaventura Express June 20, 2023   122,500   100,000   6,000   16,500
Total   $ 475,000 $ 392,000 $ 24,000 $ 59,000
Fixed Assets - Acquisition of Vessel in 2023 (Table)

 

Vessels, net $ 840,662
Above market acquired charters (Note 7)   67,227
Below market acquired charters (Note 7)   (94,889)
Total $ 813,000
Fixed Assets - vessels under construction cost (Table)
    Vessels under construction cost
Balance as at January 1, 2023 $
Advances and initial expenses for vessels under construction   140,369
Balance as at December 31, 2023 $ 140,369
Advances and initial expenses for vessels under construction   249,921
Balance as at December 31, 2024 $ 390,290
Fixed Assets - Advances for vessels under construction - related party (Table)

    Advances for vessels under construction-related party
Balance as at January 1, 2023 $ 24,000
Transfer to vessels, net   (24,000)
Advances for vessels under construction-related party   174,400
Balance as at December 31, 2023 $ 174,400
Transfer to vessels, net   (120,400)
Balance as at December 31, 2024 $ 54,000