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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Income for the period $ 1,425 $ 23,098
Adjustments for:    
Depreciation 2,493 2,826
Depreciation of deferred dry-docking costs 2,274 2,053
Payment of deferred dry-docking costs (6,387) (890)
Reversal of impairment (4,400) 0
Provision for staff retirement indemnities 26 (5)
Gain on derivative financial instruments (482) (1,270)
Gain on sale of vessel (71) 0
Interest expense and finance costs 1,880 815
Interest income (922) (8)
Foreign exchange losses/(gains), net 34 (54)
Trade receivables, net (502) (1,149)
Inventories 757 (554)
Prepayments and other assets 733 (1,246)
Insurance claims 0 (333)
Trade accounts payable (1,238) 1,345
Accrued liabilities and other payables 390 (295)
Deferred revenue (234) (147)
Net cash (used in)/generated from operating activities (4,224) 24,186
Cash flows from investing activities:    
Net Proceeds from sale of vessel 13,694 0
Advance for vessel acquisition (3,747) (21,220)
Improvements (133) (176)
Purchases of office furniture and equipment (31) (7)
Interest received 922 8
Net cash generated from / (used in) investing activities 10,705 (21,395)
Cash flows from financing activities:    
Repayment of long-term debt (3,250) (2,500)
Prepayment of long-term debt (3,674) 0
Decrease/(Increase) in restricted cash 1,983 (1,008)
Repayment of lease liability (158) (123)
Interest paid (981) (735)
Net cash used in financing activities (6,080) (4,366)
Net increase/(decrease) in cash and cash equivalents 401 (1,575)
Cash and cash equivalents at the beginning of the period 52,833 45,213
Cash and cash equivalents at the end of the period $ 53,234 $ 43,638