XML 48 R35.htm IDEA: XBRL DOCUMENT v3.7.0.1
Bank Debt (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure  
Bank Debt Borrowings Schedule
    
           
Bank debt is comprised of the following secured borrowings:    
      December 31,
Borrower Commencement Maturity 2015 2016
           
Maxenteka April 2012 January 2016 $25,500 $ -
Maxeikositessera September 2012 January 2016  25,109   -
Glovertwo October 2013 February 2016  13,666   -
Gloverthree December 2014 February 2016  16,807   -
Shikokutessera December 2014 February 2016  16,807   -
Maxdekatria March 2012 February 2016  14,400   -
Maxpente,Maxeikositessera,Maxenteka* December 2015 December 2018  7,000  5,260
Maxtessera* July 2014 June 2021  31,500  28,000
Maxeikosiexi* September 2015 September 2021  6,750  6,063
Marathassa* September 2015 September 2021  7,232  6,545
Marinouki* September 2015 September 2021  11,089  9,904
Kerasies* September 2015 September 2021  7,714  6,918
Soffive* September 2015 September 2021  12,054  10,757
Eptaprohi* September 2015 September 2021  56,412  50,518
Maxpente,Maxeikositessera,Maxenteka* December 2015 December 2021  75,337  69,632
Shikokuokto* June 2015 June 2022  15,018  15,018
Petra* June 2015 June 2022  18,370  18,254
Pemer* June 2015 June 2022  18,368  18,254
Glovertwo* February 2016 August 2022   -  12,833
Maxdekatria* February 2016 August 2022   -  9,167
Shikokutessera* February 2016 August 2022   -  14,667
SafeBulkers* November 2014 September 2022  145,527  145,527
Maxdeka* August 2011 December 2022  23,861  20,452
Shikoku* October 2011 August 2023  29,867  26,133
Shikokuepta February 2016 February 2024   -  23,683
Maxeikosiena September 2015 September 2025  23,008  22,178
Maxeikositria September 2015 September 2025  23,008  22,178
Youngone September 2015 September 2025  24,281  23,546
Maxeikosi September 2015 September 2025  23,008  22,178
Total      $671,693 $587,665
           
Current portion of Long-term debt      $80,134 $13,264
Liability directly associated with assets held for sale      16,807   -
Long-term debt      574,752  574,401
Total debt     $671,693 $587,665
           
Current portion of deferred financing costs     $2,667  $1,087
Deferred financing costs directly associated with assets held for sale      83   -
Deferred financing costs non-current      5,353  4,620
Total deferred financing costs     $8,103  $5,707
           
Total debt      671,693  587,665
Less: Total deferred financing costs      8,103  5,707
Total debt, net of deferred financing costs     $663,590 $581,958
Less: Liability directly associated with assets held for sale, net of deferred financing costs       16,724   
Less: Current portion of long-term debt, net of current portion of deferred financing costs      77,467  12,177
Long-term debt, net of deferred financing costs, non-current     $569,399 $569,781
           
Bank Debt Maturities Schedule
     
To December 31,  
2017. $13,264
2018.  25,101
2019.  61,960
2020.  67,878
2021.  180,570
2022 and thereafter   238,892
Total..  $587,665