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Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Loss for the period $ (2,473) $ (3,725)
Adjustments for:    
Depreciation 2,281 2,469
Depreciation of deferred dry docking costs 494 405
Payment of deferred dry docking costs (290) (176)
Provision for staff retirement indemnities 2 2
Interest expense and finance costs 1,027 988
Foreign exchange gains, net (61) 123
Share based payment 30 20
Trade receivables, net 56 64
Inventories 263 127
Prepayments and other assets (931) (55)
Trade accounts payable 285 (535)
Accrued liabilities and other payables 396 (264)
Deferred revenue 150 (147)
Net cash generated from/(used in) operating activities 1,229 (704)
Cash flows from investing activities:    
Purchase of vessel equipment (26) 0
Purchases of office furniture and equipment (17) (8)
Interest received 0 0
Net cash (used in)/generated from investing activities (43) (8)
Cash flows from financing activities:    
Repayment of long-term debt (2,244) (1,406)
Proceeds from issuance of share capital 600 5,011
Pledged bank deposits 210 0
Interest paid (920) (2,230)
Net cash (used in)/ generated from financing activities (2,354) 1,375
Net (decrease)/ increase in cash and cash equivalents (1,168) 663
Cash and cash equivalents at the beginning of the year 2,756 163
Cash and cash equivalents at the end of the period $ 1,588 $ 826