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Fair Value of Financial Instruments and Derivatives Instruments (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Financial Instruments And Derivative Insturments

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Derivatives not designated as hedging instruments

				Asset Derivatives Fair Values								Liability Derivatives Fair Values
Type of Contract		Balance sheet location		December 31, 2017				December 31, 2018				December 31, 2017				December 31, 2018
Interest Rate		Derivative assets / Current assets		$	62			$	—			$	—			$	—
Interest Rate		Derivative liabilities / Current liabilities		—				—				2				—
		Total Derivatives		$	62			$	—			$	2			$	—

Derivative Instruments, Gain (Loss)

	Amount of (Loss)/Gain Recognized on Derivatives Year ended December 31,
		2016				2017				2018
Interest Rate Contracts		$	(620	)		$	72			$	18
Net (Loss)/Gain Recognized		$	(620	)		$	72			$	18

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes the valuation of the Company’s financial instruments as of December 31, 2017 and 2018.

		Significant Other Observable Inputs (Level 2)
		December 31,
		2017				2018
Derivative instruments – asset position		$	62			$	—
Derivative instruments – liability position		2				—

Schedule of Derivative Instruments

Details of interest rate swap transactions entered into with certain banks in respect of certain loans and credit facilities as of December 31, 2017 and 2018 are presented in the table below:

									Notional amount
Loan or Credit Facility (1)		Inception		Expiry		Fixed Rate			December 31, 2017				December 31, 2018
Marindou		January 14, 2013		January 16, 2018		1.6000	%		$	18,109			$	—
Petra		January 18, 2013		January 18, 2018		0.9800	%		14,000				—
Pemer		June 7, 2013		March 7, 2018		0.9475	%		14,000				—
Avstes		July 18, 2013		April 18, 2018		1.3500	%		14,000				—
Shikoku		August 28, 2013		August 28, 2018		1.2500	%		11,200				—
Total									$	71,309			$	—

(1) Under the above swap transactions, the relevant bank effected quarterly floating-rate payments to the Company for the relevant amount based on the three-month USD LIBOR, and the Company effected quarterly payments to the bank on the relevant amount at the respective fixed rates.

Assets Measured at Fair Value on Non-Recurring Basis

The following tables summarize the valuation of assets measured at fair value on a non-recurring basis during the year ended December 31, 2017.

		Significant Other Observable Inputs (Level 2)				Loss
		December 31, 2017				December 31, 2017
M/V Panayiota K		$	21,600			$	29,892
M/V Efrossini		21,375				12,959
M/V Venus History		23,750				19,705
M/V Andreas K		20,450				28,737
Total		$	87,175			$	91,293

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