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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Loss for the year $ (3,568) $ (6,475) $ (9,825)
Adjustments for:      
Depreciation 4,601 4,854 5,014
Depreciation of deferred dry docking costs 1,166 862 1,005
Payment of deferred dry docking costs (1,204) (412) (478)
Gain from sale of subsidiary 0 0 (2,257)
Provision for staff retirement indemnities 5 4 5
Loss on derivative financial instruments 131 0 0
Interest expense and finance costs 2,056 2,221 2,676
Interest income 0 (3) (5)
Foreign exchange gains, net (81) 181 (58)
Share based payment 50 30 50
Trade accounts receivable (400) 66 (270)
Inventories 11 (145) (161)
Prepayments and other assets 255 591 (232)
Trade accounts payable 1,303 (499) 746
Accrued liabilities and other payables (258) (726) 141
Deferred revenue (216) 82 49
Net cash generated from/(used in) operating activities 3,851 631 (3,600)
Cash flows from investing activities:      
Net proceeds from sale of vessel/subsidiary 0 0 374
Purchase of vessel equipment (26) (245) 0
Purchases of office furniture and equipment (100) (21) (19)
Interest received 0 3 7
Net cash (used in)/generated from investing activities (126) (263) 362
Cash flows from financing activities:      
Proceeds from loans 15,700 280 5,950
Repayment of long-term debt (19,497) (4,399) (3,100)
Proceeds from issuance of share capital 600 9,653 0
Pledged bank deposits (1,140) 0 290
Dividends paid 0 0 (14)
Payment of financing costs (203) 0 0
Interest paid (1,895) (3,309) (1,730)
Net cash generated (used in)/from financing activities (6,435) 2,225 1,396
Net (decrease)/increase in cash and cash equivalents (2,710) 2,593 (1,842)
Cash and cash equivalents at the beginning of the year 2,756 163 2,005
Cash and cash equivalents at the end of the year $ 46 $ 2,756 $ 163