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Long-Term Debt and Bonds (Tables) | 6 Months Ended
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Jun. 30, 2026
Long-Term Debt and Bonds [Abstract] |
Long-term Debt and Bonds | The amounts of long-term debt and bonds shown in the accompanying consolidated balance sheets are analyzed as follows:
|  | June 30, 2026 |  |  | Current |  |  | Non-current |  |  | December 31, 2025 |  |  | Current |  |  | Non-current |
Nordea Bank secured term loan |  | $ | 10,834 |  |  | $ | 2,032 |  |  | $ | 8,802 |  |  | $ | 12,500 |  |  | $ | 3,333 |  |  | $ | 9,167 |
Alpha Bank secured term loans |  |  | 26,600 |  |  |  | 13,667 |  |  |  | 12,933 |  |  |  | 28,700 |  |  |  | 4,200 |  |  |  | 24,500 |
Huican sale and lease back financing |  |  | 43,276 |  |  |  | 2,538 |  |  |  | 40,738 |  |  |  | 44,545 |  |  |  | 2,538 |  |  |  | 42,007 |
Kenzan Kaiun sale and lease back financing |  |  | 41,647 |  |  |  | 2,603 |  |  |  | 39,044 |  |  |  | 42,938 |  |  |  | 2,603 |  |  |  | 40,335 |
Kowa Kaiun sale and lease back financing |  |  | 43,760 |  |  |  | 2,500 |  |  |  | 41,260 |  |  |  | - |  |  |  | - |  |  |  | - |
less unamortized deferred financing costs |  |  | (1,891 | ) |  |  | (416 | ) |  |  | (1,475 | ) |  |  | (1,493 | ) |  |  | (283 | ) |  |  | (1,210 | )
Total debt, net of deferred financing costs |  | $ | 164,226 |  |  | $ | 22,924 |  |  | $ | 141,302 |  |  | $ | 127,190 |  |  | $ | 12,391 |  |  | $ | 114,799 |
|  | June 30, 2026 |  |  | Current |  |  | Non-current |  |  | December 31, 2025 |  |  | Current |  |  | Non-current |
Bonds |  | $ | 150,000 |  |  | $ | - |  |  | $ | 150,000 |  |  | $ | 100,000 |  |  | $ | - |  |  | $ | 100,000 |
less unamortized premiums and discounts |  |  | (1,054 | ) |  |  | - |  |  |  | (1,054 | ) |  |  | (3,000 | ) |  |  | - |  |  |  | (3,000 | )
less unamortized deferred financing costs |  |  | (3,138 | ) |  |  | - |  |  |  | (3,138 | ) |  |  | (1,858 | ) |  |  | - |  |  |  | (1,858 | )
Total bonds, net of unamortized premiums, discounts and deferred financing costs |  | $ | 145,808 |  |  | $ | - |  |  | $ | 145,808 |  |  | $ | 95,142 |  |  | $ | - |  |  | $ | 95,142 |
Maturities of Debt Facilities | As at June 30, 2026, the maturities of the drawn portions of the debt facilities (bank loans, sale and lease back financing and the bond financing), as described above, are as follows:
|  | Principal Repayment |
Year 1 |  | $ | 25,073 |
Year 2 |  |  | 12,456 |
Year 3 |  |  | 12,450 |
Year 4 |  |  | 162,450 |
Year 5 and thereafter |  |  | 103,688 |
Total |  | $ | 316,117 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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