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Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows provided by Operating Activities:    
Net income $ 22,131 $ 38,501
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of deferred charges (Note 6) 12,273 6,475
Amortization of deferred financing costs and bonds discounts 781 47
Changes in fair value of warrants' liability (6) (2)
Gain on vessel's sale (Note 6) 0 (19,456)
(Increase) / Decrease in:    
Accounts receivable 2,194 1,950
Inventories (1,550) (137)
EU allowances 0 (86)
Prepaid expenses and other assets (549) 589
Right of use asset under operating leases 53 38
Increase / (Decrease) in:    
Accounts payable, trade and other (257) 446
Due to related parties 265 (395)
Accrued liabilities 47 (1,186)
Deferred revenue 5,952 (62)
Other liabilities, non-current 12 163
EU allowances liability 1,365 0
Lease liabilities under operating leases (53) (38)
Net Cash provided by Operating Activities 42,658 26,847
Cash Flows (used in) / provided by Investing Activities:    
Advances for vessels under construction and other vessel costs (Note 5) (34,311) (33,639)
Vessel acquisitions and other vessels' costs (Note 6) (36,116) 0
Proceeds from sale of vessels, net of expenses (Note 6) 0 36,948
Property and equipment additions (294) (6)
Net Cash (used in) / provided by Investing Activities (70,721) 3,303
Cash Flows provided by / (used in) Financing Activities:    
Proceeds from long-term debt (Note 7) 45,000 0
Proceeds from bonds, including premiums (Note 7) 51,500 0
Repayments of long-term debt (Note 7) (7,566) (3,766)
Redemption of Series B preferred shares (Note 9) (1,271) 0
Payments of financing costs (Note 7) (2,013) 0
Cash dividends (Note 10) (915) (915)
Net Cash provided by / (used in) Financing Activities 84,735 (4,681)
Net increase in cash, cash equivalents and restricted cash 56,672 25,469
Cash, cash equivalents and restricted cash at beginning of the year 49,261 71,314
Cash, cash equivalents and restricted cash at end of the period 105,933 96,783
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents at the end of the period 104,933 95,783
Restricted cash at the end of the period 1,000 1,000
Cash, cash equivalents and restricted cash at end of the period 105,933 96,783
SUPPLEMENTAL CASH FLOW INFORMATION    
Non-cash financing activities (Note 9) 2,436 0
Non-cash investing activities 0 (194)
Interest payments, net of capitalized amounts $ 9,298 $ 1,339