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Vessels, net | 6 Months Ended
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Jun. 30, 2018
Vessels, net [Abstract] |
Vessels, net | # 5. Vessels, net The amounts in the interim condensed consolidated statement of financial position are analysed as follows:
| Vessels cost | Vessels depreciation | Dry docking costs | Depreciation of dry docking costs | Net Book Value
Balance at January 1, 2018 | 179,401 | (92,702) | 4,830 | (4,209) | 87,320
Additions | 26 | - | 1,005 | - | 1,031
Depreciation & Amortization | - | (2,270) | - | (494) | (2,764)
Balance at June 30, 2018 | 179,427 | (94,972) | 5,835 | (4,703) | 85,587
No events and circumstances were identified that would require an impairment loss to be recognized based on the Company’s impairment assessment as of June 30, 2018. During the first quarter of 2018, the Company adjusted the scrap rate from $250/ton to $300/ton due to the increased scrap rates worldwide. This resulted to a decrease of $88 of the depreciation charge included in the unaudited interim condensed consolidated statement of comprehensive loss for the six-months ended June 30, 2018.

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- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2018-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=16&date=2018-03-01&anchor=sect_Disclosure&doctype=Standard -URIDate 2018-03-16 + Details
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