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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 20,930 $ 63,290
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expenses 45,661 37,746
Amortization of intangible assets and liabilities arising from charter agreements, net (7,349) (8,984)
Amortization of deferred charges and fair value adjustments 1,739 1,876
Drydocking expenditure (20,761) (8,132)
Compensation cost related to share-based payments 1,111 1,111
Change in fair value of derivative instruments 8,821 (9,119)
Change in assets and liabilities:    
Trade accounts receivable and other receivables (1,079) 7,578
Inventories (25) 2,780
Other current and other non-current assets (1,513) (2,743)
Amounts due from/(to) related parties 232 (542)
Trade accounts payable (3,737) (524)
Accrued expenses 6,689 (6,674)
Other current and non-current liabilities (8,232) 3,706
Net cash provided by operating activities 42,487 81,369
Investing activities    
Additions to vessels and equipment (29,251) (2,744)
Additions to newbuildings (139,779) (22,501)
Additions to intangible assets 0 (132)
Net cash used in investing activities (169,030) (25,377)
Financing activities    
Proceeds from short-term and long-term debt 135,892 0
Repayments of short-term and long-term debt (56,525) (57,963)
Financing arrangement fees and other costs (4,523) (4,830)
Cash dividends paid 0 (44,036)
Purchase of treasury shares (4,313) 0
Net cash provided by / (used in) financing activities 70,531 (106,829)
Net decrease in cash, cash equivalents and restricted cash (56,012) (50,837)
Cash, cash equivalents and restricted cash at beginning of period 165,720 137,338
Cash, cash equivalents and restricted cash at end of period $ 109,708 $ 86,501