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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Information About Reportable Segments | The table below presents information about the Company’s reportable segments for the year ended December 31, 2025. The accounting policies followed in the preparation of the reportable segments are the same as those followed in the preparation of the Company’s consolidated financial statements. Segment results are evaluated based on income from operations.
|  | Year ended December 31, 2025 |
|  | Tanker Segment |  |  | Megayacht Segment |  |  | Total |
REVENUES: |  |  |  |  |  |  |  |  |
Time charter revenues |  |  | 67,121 |  |  |  | 4,351 |  |  |  | 71,472 |
Time charter revenues from related parties |  |  | 8,943 |  |  |  | - |  |  |  | 8,943 |
Total revenues |  |  | 76,064 |  |  |  | 4,351 |  |  |  | 80,415 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |
Voyage expenses |  |  | 1,594 |  |  |  | 907 |  |  |  | 2,501 |
Operating lease expenses |  |  | 10,301 |  |  |  | - |  |  |  | 10,301 |
Other vessel operating expenses |  |  | 17,082 |  |  |  | 1,313 |  |  |  | 18,395 |
Vessel depreciation |  |  | 11,586 |  |  |  | 685 |  |  |  | 12,271 |
Management fees-related parties-direct |  |  | 1,734 |  |  |  | 178 |  |  |  | 1,912 |
Segments operating results |  |  | 33,767 |  |  |  | 1,268 |  |  |  | 35,035 |
General and administrative expenses |  |  |  |  |  |  |  |  |  |  | (7,617 | )
Management fees-related parties-overhead costs |  |  |  |  |  |  |  |  |  |  | (1,138 | )
Interest and finance costs |  |  |  |  |  |  |  |  |  |  | (23,406 | )
Interest income |  |  |  |  |  |  |  |  |  |  | 385 |
Equity losses in unconsolidated joint ventures |  |  |  |  |  |  |  |  |  |  | (173 | )
Net income |  |  |  |  |  |  |  |  |  |  | 3,086 |
Reconciliation of Total Segment Assets to Total Assets | A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets as of December 31, 2025 is as follows:
|  | As of December 31, 2025 |
Tanker segment |  |  | 246,582 |
Megayacht segment |  |  | 44,919 |
Cash and cash equivalents including restricted cash |  |  | 22,222 |
Investments in unconsolidated joint ventures |  |  | 7,881 |
Advances for asset acquisitions to related parties |  |  | 11,500 |
Other fixed assets, net |  |  | 505 |
Total consolidated assets |  |  | 333,609 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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