XML 25 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Comprehensive Income/(Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUE:      
Voyage revenues $ 61,390 $ 43,211 $ 11,753
Management & consulting fee income 365 170 0
Total Revenues 61,755 43,381 11,753
EXPENSES & OTHER OPERATING INCOME:      
Voyage expenses  (5,373) (1,128) (2,490)
Vessel operating expenses  (18,012) (13,808) (8,581)
Depreciation  (5,600) (3,910) (2,398)
Depreciation of dry-docking costs  (4,646) (2,751) (1,335)
Administrative expenses  (2,876) (2,610) (1,891)
Administrative expenses payable to related parties (1,412) (1,361) (1,915)
Share-based payments 0 (40) (40)
Impairment loss 0 0 (4,615)
Other (expenses)/income, net  (204) 171 89
Operating income/(loss) 23,632 17,944 (11,423)
Interest income  375 8 16
Interest expense and finance costs  (2,320) (3,262) (4,155)
Gain/(loss) on derivative financial instruments 2,520 181 (1,647)
Foreign exchange gains/(losses), net  73 79 (163)
TOTAL INCOME/(LOSS) FOR THE YEAR 24,280 14,950 (17,372)
Other Comprehensive Income 0 0 0
TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR $ 24,280 $ 14,950 $ (17,372)
   Earnings/(Loss) per share (U.S.$):      
 - Basic and Diluted income/(loss) per share for the year $ 1.18 $ 1.01 $ (18.11)