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Consolidated Statements of Comprehensive Income/(Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES:        
Voyage revenues $ 9,425 $ 7,744 $ 17,047 $ 16,233
Management & consulting fee income 91 91 182 181
Total Revenues 9,516 7,835 17,229 16,414
EXPENSES & OTHER OPERATING INCOME:        
Voyage expenses, net (139) (1,581) (490) (3,195)
Vessel operating expenses (3,223) (4,334) (6,352) (8,853)
Depreciation (1,335) (1,218) (2,616) (2,493)
Depreciation of dry-docking costs (795) (1,111) (1,769) (2,274)
Administrative expenses (824) (819) (1,996) (1,763)
Administrative expenses payable to related parties (1,324) (179) (2,384) (349)
Reversal of impairment 1,891 0 1,891 4,400
Gain from sale of vessel 0 71 0 71
Other expenses, net (40) (15) (33) (6)
Operating (loss)/ income 3,727 (1,351) 3,480 1,952
Interest income 735 474 1,433 922
Interest expense and finance costs (1,328) (960) (2,523) (1,880)
Gain on derivative financial instruments, net 130 693 542 482
Foreign exchange (losses) /gains, net 15 (17) (48) (51)
NET INCOME/(LOSS) FOR THE PERIOD 3,279 (1,161) 2,980 1,425
Other Comprehensive Income 0 0 0 0
NET COMPREHENSIVE INCOME/(LOSS) FOR THE PERIOD $ 3,279 $ (1,161) $ 2,980 $ 1,425
Income/(Loss) per share (U.S.$):        
-Diluted income per share for the period $ 0.16 $ (0.06) $ 0.14 $ 0.07
-Basic income per share for the period $ 0.16 $ (0.06) $ 0.14 $ 0.07