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Vessels, net (Tables)

12 Months Ended

Dec. 31, 2019

Vessels, net [Abstract]

Vessels, net - Consolidated statement of financial position

	Vessels cost	Vessels accumulated depreciation	Dry docking costs	Accumulated depreciation of dry-docking costs	Net Book Value
Balance at January 1, 2017	179,156	(87,871)	3,854	(3,347)	91,792
Additions/ (Dry Docking Component)	245	-	976	-	1,221
Depreciation expense	-	(4,831)	-	(862)	(5,693)
Balance at December 31, 2017	179,401	(92,702)	4,830	(4,209)	87,320
Additions/ (Dry Docking Component)	26	-	2,148	-	2,174
Depreciation expense	-	(4,578)	-	(1,166)	(5,744)
Balance at December 31, 2018	179,427	(97,280)	6,978	(5,375)	83,750
Additions/ (Dry Docking Component)	54	-	622	-	676
Impairment loss	(29,902)	-	-	-	(29,902)
Depreciation expense	-	(4,578)	-	(1,704)	(6,282)
Balance at December 31, 2019	149,579	(101,858)	7,600	(7,079)	48,242

Vessels, net - Consolidated statement of comprehensive loss

	For the year ended December 31,
	2019	2018	2017
Vessels depreciation	4,578	4,578	4,831
Depreciation on office furniture and equipment	31	23	23
Depreciation of right of use asset	112	-	-
Total	4,721	4,601	4,854

Impairment loss

Vessel
m/v River Globe	(6,920)
m/v Sky Globe	(8,074)
m/v Star Globe	(7,197)
m/v Sun Globe	(4,797)
m/v Moon Globe	(2,914)
Impairment loss	(29,902)

Recoverable amount

	December 31,
Vessels	2019		Recoverable amount
m/v River Globe	7,752		At fair value less costs of disposal
m/v Sky Globe	8,971		At fair value less costs of disposal
m/v Star Globe	9,458		At fair value less costs of disposal
m/v Sun Globe	11,165		At fair value less costs of disposal
m/v Moon Globe	10,896		At value in use
Total:	48,242