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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
NON-CURRENT ASSETS    
  Vessels, net $ 100,557 $ 129,461
  Advances for vessel purchase 47,246 28,172
  Office furniture and equipment 85 90
  Right of use asset 182 493
   Restricted cash 3,530 3,590
  Fair value of derivative financial instruments 495 1,315
  Other non-current assets 10 10
  Total non-current assets 152,105 163,131
CURRENT ASSETS    
  Current portion of fair value of derivative financial instruments 808 1,092
  Trade accounts receivable, net 1,151 109
  Inventories 1,256 3,028
  Prepayments and other assets 1,789 2,887
  Restricted cash 90 2,378
  Cash and cash equivalents 74,202 52,833
   Total current assets 79,296 62,327
TOTAL ASSETS 231,401 225,458
EQUITY    
  Issued share capital 82 82
  Share premium 284,406 284,406
  Accumulated deficit (108,518) (113,790)
Total equity 175,970 170,698
NON-CURRENT LIABILITIES    
  Long-term borrowings, net of current portion 45,759 37,522
  Provision for staff retirement indemnities 171 148
  Lease liabilities 0 188
  Total non-current liabilities 45,930 37,858
CURRENT LIABILITIES    
  Current portion of long-term borrowings 6,500 6,803
  Trade accounts payable and other 362 3,548
  Accrued liabilities and other payables 1,763 5,814
  Current portion of lease liabilities 188 321
  Deferred revenue 688 416
  Total current liabilities 9,501 16,902
TOTAL LIABILITIES 55,431 54,760
TOTAL EQUITY AND LIABILITIES $ 231,401 $ 225,458