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Consolidated Statements of Comprehensive Income/(Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES:        
Voyage revenues $ 7,744 $ 19,051 $ 16,233 $ 37,402
Management & consulting fee income 91 91 181 181
Total Revenues 7,835 19,142 16,414 37,583
EXPENSES & OTHER OPERATING INCOME:        
Voyage expenses, net (1,581) (526) (3,195) (875)
Gain on sale of bunkers, net 0 179 0 1,328
Vessel operating expenses (4,334) (4,137) (8,853) (8,492)
Depreciation (1,218) (1,422) (2,493) (2,826)
Depreciation of dry-docking costs (1,111) (1,102) (2,274) (2,053)
Administrative expenses (819) (713) (1,763) (1,429)
Administrative expenses payable to related parties (179) (353) (349) (712)
Reversal of impairment 0 0 4,400 0
Gain from sale of vessel 71 0 71 0
Other expenses, net (15) (11) (6) (1)
Operating (loss)/ income (1,351) 11,057 1,952 22,523
Interest income 474 3 922 8
Interest expense and finance costs (960) (426) (1,880) (815)
Gain on derivative financial instruments, net 693 303 482 1,270
Foreign exchange (losses) /gains, net (17) 78 (51) 112
NET INCOME/(LOSS) FOR THE PERIOD (1,161) 11,015 1,425 23,098
Other Comprehensive Income 0 0 0 0
NET COMPREHENSIVE INCOME/(LOSS) FOR THE PERIOD $ (1,161) $ 11,015 $ 1,425 $ 23,098
Income/(Loss) per share (U.S.$):        
-Basic income per share for the period $ (0.06) $ 0.53 $ 0.07 $ 1.12
-Diluted income per share for the period $ (0.06) $ 0.53 $ 0.07 $ 1.12