2023 Q4 Form 20-F Financial Statement
#000114036124014377 Filed on March 20, 2024
Income Statement
Concept | 2023 Q4 | 2023 |
---|---|---|
Revenue | $178.9M | $674.8M |
YoY Change | 8.41% | 4.51% |
Cost Of Revenue | $52.35M | $202.8M |
YoY Change | 0.44% | 7.53% |
Gross Profit | $126.5M | $472.0M |
YoY Change | 12.08% | 3.27% |
Gross Profit Margin | 70.74% | 69.95% |
Selling, General & Admin | $4.469M | $18.22M |
YoY Change | 9.59% | -1.67% |
% of Gross Profit | 3.53% | 3.86% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $24.39M | $91.73M |
YoY Change | 18.08% | 12.82% |
% of Gross Profit | 19.27% | 19.43% |
Operating Expenses | $28.86M | $109.9M |
YoY Change | 16.68% | 10.13% |
Operating Profit | $97.68M | $343.2M |
YoY Change | 10.79% | -3.92% |
Interest Expense | -$8.319M | -$35.05M |
YoY Change | -8.46% | -51.84% |
% of Operating Profit | -8.52% | -10.21% |
Other Income/Expense, Net | -$3.043M | -$38.27M |
YoY Change | 192.32% | -433.74% |
Pretax Income | $67.49M | $304.9M |
YoY Change | -10.02% | 4.12% |
Income Tax | $443.0K | $448.0K |
% Of Pretax Income | 0.66% | 0.15% |
Net Earnings | $64.67M | $304.5M |
YoY Change | -10.96% | 7.45% |
Net Earnings / Revenue | 36.15% | 45.12% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $1.84 | $8.33 |
COMMON SHARES | ||
Basic Shares Outstanding | 35.19M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q4 | 2023 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $152.6M | $152.6M |
YoY Change | 18.62% | 18.62% |
Cash & Equivalents | $138.6M | $138.6M |
Short-Term Investments | $14.00M | $14.00M |
Other Short-Term Assets | $14.11M | $121.9M |
YoY Change | -84.62% | 32.83% |
Inventory | $15.76M | $15.76M |
Prepaid Expenses | ||
Receivables | $4.741M | $4.741M |
Other Receivables | $626.0K | $626.0K |
Total Short-Term Assets | $295.7M | $295.7M |
YoY Change | 24.73% | 24.73% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.664B | $1.664B |
YoY Change | 2.51% | 2.51% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $23.94M | $212.0M |
YoY Change | -90.26% | -13.77% |
Total Long-Term Assets | $1.876B | $1.876B |
YoY Change | 0.37% | 0.37% |
TOTAL ASSETS | ||
Total Short-Term Assets | $295.7M | $295.7M |
Total Long-Term Assets | $1.876B | $1.876B |
Total Assets | $2.172B | $2.172B |
YoY Change | 3.11% | 3.11% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $17.60M | $17.60M |
YoY Change | -22.65% | -22.65% |
Accrued Expenses | $28.54M | $28.54M |
YoY Change | -20.81% | -20.81% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $193.3M | $193.3M |
YoY Change | 1.8% | 1.8% |
Total Short-Term Liabilities | $280.4M | $280.4M |
YoY Change | 7.13% | 7.13% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $619.2M | $619.2M |
YoY Change | -16.84% | -16.84% |
Other Long-Term Liabilities | $87.78M | $87.78M |
YoY Change | -34.2% | -34.2% |
Total Long-Term Liabilities | $707.0M | $707.0M |
YoY Change | -19.48% | -19.48% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $280.4M | $280.4M |
Total Long-Term Liabilities | $707.0M | $707.0M |
Total Liabilities | $987.4M | $987.4M |
YoY Change | -13.37% | -13.37% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $488.1M | |
YoY Change | 98.1% | |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.184B | $1.184B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $2.172B | $2.172B |
YoY Change | 3.11% | 3.11% |
Cashflow Statement
Concept | 2023 Q4 | 2023 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $64.67M | $304.5M |
YoY Change | -10.96% | 7.45% |
Depreciation, Depletion And Amortization | $24.39M | $91.73M |
YoY Change | 18.08% | 12.82% |
Cash From Operating Activities | $72.07M | $375.0M |
YoY Change | -22.76% | 6.55% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $7.017M | $142.9M |
YoY Change | 580.6% | 2516.96% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $30.59M | -$9.097M |
YoY Change | 864.22% | -68.5% |
Cash From Investing Activities | $23.57M | -$152.0M |
YoY Change | 1000.79% | 342.6% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $0.00 | |
YoY Change | -100.0% | |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -68.27M | -$212.2M |
YoY Change | -3.88% | -12.77% |
NET CHANGE | ||
Cash From Operating Activities | 72.07M | $375.0M |
Cash From Investing Activities | 23.57M | -$152.0M |
Cash From Financing Activities | -68.27M | -$212.2M |
Net Change In Cash | 27.37M | $10.78M |
YoY Change | 12.07% | -85.48% |
FREE CASH FLOW | ||
Cash From Operating Activities | $72.07M | $375.0M |
Capital Expenditures | $7.017M | $142.9M |
Free Cash Flow | $65.06M | $232.1M |
YoY Change | -29.5% | -33.01% |
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|
18830000 | usd |
CY2022 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
3033000 | usd |
CY2021 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
0 | usd |
CY2023 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
18217000 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
18526000 | usd |
CY2021 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
13240000 | usd |
CY2023 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-0 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-0 | usd |
CY2021 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
7770000 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
343218000 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
354185000 | usd |
CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
237517000 | usd |
CY2023 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
9777000 | usd |
CY2022 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2512000 | usd |
CY2021 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
449000 | usd |
CY2023 | us-gaap |
Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
|
108000 | usd |
CY2022 | us-gaap |
Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
|
21511000 | usd |
CY2021 | us-gaap |
Interest Expense
InterestExpense
|
5764000 | usd |
CY2023 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
44824000 | usd |
CY2022 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
75289000 | usd |
CY2021 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
69227000 | usd |
CY2023 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2149000 | usd |
CY2022 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1782000 | usd |
CY2021 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2812000 | usd |
CY2023 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-5372000 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
9685000 | usd |
CY2021 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
0 | usd |
CY2023 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-38270000 | usd |
CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-61310000 | usd |
CY2021 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-65966000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
304948000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
292875000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
171551000 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
448000 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-50000 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
56000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
304500000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
292925000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
171495000 | usd |
CY2023 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
9536000 | usd |
CY2022 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
9536000 | usd |
CY2021 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
8263000 | usd |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
294964000 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
283389000 | usd |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
163232000 | usd |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
294964000 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
283389000 | usd |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
163232000 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
-16625000 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
31221000 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
227000 | usd |
CY2023 | gsl |
Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
|
4271000 | usd |
CY2022 | gsl |
Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
|
1123000 | usd |
CY2021 | gsl |
Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
|
0 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
-214000 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
1091000 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
-0 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-12140000 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
31253000 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
227000 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
282824000 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
314642000 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
163459000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
304500000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
292925000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
171495000 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
91727000 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
81303000 | usd |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
61563000 | usd |
CY2023 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
18830000 | usd |
CY2022 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
3033000 | usd |
CY2021 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
0 | usd |
CY2023 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-0 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-0 | usd |
CY2021 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
7770000 | usd |
CY2023 | gsl |
Amount Realized And Reclassified To Earnings
AmountRealizedAndReclassifiedToEarnings
|
214000 | usd |
CY2022 | gsl |
Amount Realized And Reclassified To Earnings
AmountRealizedAndReclassifiedToEarnings
|
-1091000 | usd |
CY2021 | gsl |
Amount Realized And Reclassified To Earnings
AmountRealizedAndReclassifiedToEarnings
|
0 | usd |
CY2023 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
4271000 | usd |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1123000 | usd |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | usd |
CY2023 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
5526000 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
11233000 | usd |
CY2021 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
8279000 | usd |
CY2023 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
762000 | usd |
CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
8615000 | usd |
CY2023 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
-8080000 | usd |
CY2022 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
-41158000 | usd |
CY2021 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
-45430000 | usd |
CY2023 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-5372000 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
9685000 | usd |
CY2021 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-0 | usd |
CY2023 | gsl |
Prepayment Fees On Repayments Of Debt
PrepaymentFeesOnRepaymentsOfDebt
|
0 | usd |
CY2022 | gsl |
Prepayment Fees On Repayments Of Debt
PrepaymentFeesOnRepaymentsOfDebt
|
15197000 | usd |
CY2021 | gsl |
Prepayment Fees On Repayments Of Debt
PrepaymentFeesOnRepaymentsOfDebt
|
3230000 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10189000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10104000 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3510000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
669000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
26017000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
33211000 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
3527000 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
827000 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
5094000 | usd |
CY2023 | us-gaap |
Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
|
-0 | usd |
CY2022 | us-gaap |
Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
|
15370000 | usd |
CY2021 | us-gaap |
Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
|
7000000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
|
-5890000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
|
11835000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
|
10417000 | usd |
CY2023 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
192000 | usd |
CY2022 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
2253000 | usd |
CY2021 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-1107000 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-9306000 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
21968000 | usd |
CY2021 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
104160000 | usd |
CY2023 | gsl |
Drydocking Costs
DrydockingCosts
|
38341000 | usd |
CY2022 | gsl |
Drydocking Costs
DrydockingCosts
|
30105000 | usd |
CY2021 | gsl |
Drydocking Costs
DrydockingCosts
|
23704000 | usd |
CY2023 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-0 | usd |
CY2022 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-1000 | usd |
CY2021 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-0 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
375008000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
327484000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
247953000 | usd |
CY2023 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
123300000 | usd |
CY2022 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
-0 | usd |
CY2021 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
463750000 | usd |
CY2023 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
19586000 | usd |
CY2022 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
5460000 | usd |
CY2021 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
4611000 | usd |
CY2023 | us-gaap |
Proceeds From Other Deposits
ProceedsFromOtherDeposits
|
5940000 | usd |
CY2022 | us-gaap |
Proceeds From Other Deposits
ProceedsFromOtherDeposits
|
0 | usd |
CY2021 | us-gaap |
Proceeds From Other Deposits
ProceedsFromOtherDeposits
|
16514000 | usd |
CY2023 | us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
9587000 | usd |
CY2022 | us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
3772000 | usd |
CY2021 | us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
3276000 | usd |
CY2023 | gsl |
Increase Decrease In Time Deposits Acquired
IncreaseDecreaseInTimeDepositsAcquired
|
5450000 | usd |
CY2022 | gsl |
Increase Decrease In Time Deposits Acquired
IncreaseDecreaseInTimeDepositsAcquired
|
650000 | usd |
CY2021 | gsl |
Increase Decrease In Time Deposits Acquired
IncreaseDecreaseInTimeDepositsAcquired
|
7900000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-151983000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-9882000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-463023000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
0 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
22701000 | usd |
CY2023 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
-0 | usd |
CY2022 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
-0 | usd |
CY2021 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
239183000 | usd |
CY2023 | us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
-0 | usd |
CY2022 | us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
119871000 | usd |
CY2021 | us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
-0 | usd |
CY2023 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
76000000 | usd |
CY2022 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
60000000 | usd |
CY2021 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
744506000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
350000000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
0 | usd |
CY2023 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
202348000 | usd |
CY2022 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
167056000 | usd |
CY2021 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
115502000 | usd |
CY2023 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
-0 | usd |
CY2022 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
276671000 | usd |
CY2021 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
152862000 | usd |
CY2023 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1140000 | usd |
CY2022 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
9655000 | usd |
CY2021 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
13790000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
67549000 | usd |
CY2023 | gsl |
Stock Repurchased And Retired During Period Value1
StockRepurchasedAndRetiredDuringPeriodValue1
|
-21969000 | usd |
CY2022 | gsl |
Stock Repurchased And Retired During Period Value1
StockRepurchasedAndRetiredDuringPeriodValue1
|
-20011000 | usd |
CY2021 | gsl |
Stock Repurchased And Retired During Period Value1
StockRepurchasedAndRetiredDuringPeriodValue1
|
-10000000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
-17000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
51234000 | usd |
CY2023 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
53249000 | usd |
CY2022 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
50497000 | usd |
CY2021 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
27940000 | usd |
CY2023 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
9536000 | usd |
CY2022 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
9536000 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
10783000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
74288000 | usd |
CY2021 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
8263000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-212242000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-243314000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
318450000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
304500000 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
103380000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
269930000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
195642000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
92262000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
280713000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
269930000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
195642000 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
67997000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
51490000 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
49528000 | usd |
CY2023 | us-gaap |
Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
|
32549000 | usd |
CY2022 | us-gaap |
Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
|
9245000 | usd |
CY2021 | us-gaap |
Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
|
0 | usd |
CY2023 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
0 | usd |
CY2022 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
0 | usd |
CY2021 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
1499000 | usd |
CY2023 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
0 | usd |
CY2022 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
0 | usd |
CY2021 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
96344000 | usd |
CY2023 | us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
0 | usd |
CY2022 | us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
0 | usd |
CY2021 | us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
35000000 | usd |
CY2023 | us-gaap |
Notes Issued1
NotesIssued1
|
0 | usd |
CY2022 | us-gaap |
Notes Issued1
NotesIssued1
|
0 | usd |
CY2021 | us-gaap |
Notes Issued1
NotesIssued1
|
1680000 | usd |
CY2023 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
0 | usd |
CY2022 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
283000 | usd |
CY2021 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
0 | usd |
CY2023 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-16625000 | usd |
CY2022 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
31221000 | usd |
CY2021 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
227000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
464741000 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3510000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
67549000 | usd |
CY2021 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
0 | usd |
CY2021 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
-10000000 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
227000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
171495000 | usd |
CY2021 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
8263000 | usd |
CY2021 | gsl |
Preferred Stock Issued During Period Value New Issues
PreferredStockIssuedDuringPeriodValueNewIssues
|
51234000 | usd |
CY2021 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
27940000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
712553000 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
10104000 | usd |
CY2022 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
-20011000 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
31253000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
292925000 | usd |
CY2022 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
9536000 | usd |
CY2022 | gsl |
Preferred Stock Issued During Period Value New Issues
PreferredStockIssuedDuringPeriodValueNewIssues
|
-300000 | usd |
CY2022 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
50497000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
966491000 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
10189000 | usd |
CY2023 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
-21969000 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-12140000 | usd |
CY2023 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
9536000 | usd |
CY2023 | gsl |
Preferred Stock Issued During Period Value New Issues
PreferredStockIssuedDuringPeriodValueNewIssues
|
102000 | usd |
CY2023 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
53249000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1184388000 | usd |
CY2021Q4 | gsl |
Number Of Vessels Purchased
NumberOfVesselsPurchased
|
23 | pure |
CY2023 | gsl |
Number Of Vessels Owned
NumberOfVesselsOwned
|
68 | pure |
CY2023 | gsl |
Weighted Average Age Capacity
WeightedAverageAgeCapacity
|
P17Y2M12D | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_848_eus-gaap--UseOfEstimates_zUtgpMTpK9Sj" style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(c) <span id="xdx_868_zUFO8EbpdsWl">Use of Estimates</span></b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0pt 12pt; text-align: justify"><span style="font-size: 10pt">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates under different assumptions and/or conditions.</span></p> | |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | usd |
CY2022 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
0 | usd |
CY2021 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
0 | usd |
CY2022 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
0 | usd |
CY2023 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
0 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P30Y | |
CY2023 | gsl |
Estimated Residual Value Ships Per Lightweight Ton
EstimatedResidualValueShipsPerLightweightTon
|
400 | usd |
CY2023 | gsl |
Period Between Scheduled Drydockings
PeriodBetweenScheduledDrydockings
|
P5Y | |
CY2023 | us-gaap |
Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
|
<p id="xdx_843_eus-gaap--PropertyPlantAndEquipmentImpairment_zlGsGza7w52" style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt"><span style="font-size: 10pt"><b>(l) <span id="xdx_864_z5Uc0rJ9NZch">Impairment of Long-lived assets</span></b></span></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">Tangible fixed assets, such as vessels, that are held and used or to be disposed of by the Company are reviewed for impairment when events or changes in circumstances indicate that their carrying amounts may not be recoverable. In these circumstances, the Company performs step one of the impairment test by comparing the undiscounted projected net operating cash flows for each vessel group to its carrying value. A vessel group comprises the vessel, the unamortized portion of deferred drydocking related to the vessel and the related carrying value of the intangible asset or liability (if any) with respect to the time charter attached to the vessel at its purchase. If the undiscounted projected net operating cash flows of the vessel group are less than its carrying amount, management proceeds to step two of the impairment assessment by comparing the vessel group’s carrying amount to its fair value, including any applicable charter, and an impairment loss is recorded equal to the difference between the vessel group’s carrying value and fair value. Fair value is determined with the assistance from valuations obtained from third party independent ship brokers.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt"><b></b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt"><b> </b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_90E_ecustom--FutureCharterRateAssumptions_c20230401__20230630_zzsstbFZ6nzk" style="font-size: 10pt" title="Future charter rate assumptions">The Company uses a number of assumptions in projecting its undiscounted net operating cash flows analysis including, among others, (i) revenue assumptions for charter rates on expiry of existing charters, which are based on forecast charter rates, where relevant, in the four years from the date of the impairment test and a reversion to the historical mean of time charter rates for each vessel thereafter (ii) off-hire days, which are based on actual off-hire statistics for the Company’s fleet (iii) operating costs, based on current levels escalated over time based on long term trends (iv) dry docking frequency, duration and cost (v) estimated useful life, which is assessed as a total of 30 years from original delivery by the shipyard and (vi) scrap values.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2. Summary of Significant Accounting Policies (continued)</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(I) Impairment of Long-lived assets (continued)</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue assumptions are based on contracted charter rates up to the end of the existing contract of each vessel, and thereafter, estimated time charter rates for the remaining life of the vessel. The estimated time charter rate used for non-contracted revenue days of each vessel is considered a significant assumption. Recognizing that the container shipping industry is cyclical and subject to significant volatility based on factors beyond the Company’s control, management believes that using forecast charter rates in the four years from the date of the impairment assessment and a reversion to the historical mean of time charter rates thereafter, represents a reasonable benchmark for the estimated time charter rates for the non-contracted revenue days, and takes into account the volatility and cyclicality of the market.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Through the latter part of 2023, the Company noted that events and circumstances triggered the existence of potential impairment for some of the Company’s vessel groups. These indicators included volatility in the charter market and the vessels’ market values, as well as the potential impact of the current container sector on management’s expectation for future revenues. As a result, the Company performed step one of the impairment assessment of each of the Company’s vessel groups by comparing the undiscounted projected net operating cash flows for each vessel group to their carrying value and step two of the impairment analysis was required for two vessel groups, as their undiscounted projected net operating cash flows did not exceed their carrying value. As a result, the Company recorded an impairment loss of $<span id="xdx_908_eus-gaap--TangibleAssetImpairmentCharges_pn3n3_c20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoVesselGroupMember_zz1TndNnvrU">18,830 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">for two vessel groups with a total aggregate carrying amount of $<span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentNet_iI_pn3n3_c20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoVesselGroupMember_z3dstihHamWh">43,830 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">which was written down to their fair value of $<span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentFairValueDisclosure_iI_pn3n3_c20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoVesselGroupMember_z9zoLE2VD1Zi">25,000 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(see note 4).</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Through the latter part of 2022, the Company noted that charter rates in the spot market had come under pressure and accordingly determined that events occurred and circumstances had changed, which indicated that potential impairment of the Company’s long-lived assets could exist. These indicators included continued volatility in the spot market and the related impact of the current container sector on management’s expectation for future revenues. As a result, step one of the impairment assessment of each of the vessel groups was performed as at December 31, 2022 and step two of the impairment analysis was required for one vessel group, as its undiscounted projected net operating cash flows did not exceed its carrying value. As a result, the Company recorded an impairment loss of $<span id="xdx_904_eus-gaap--TangibleAssetImpairmentCharges_pn3n3_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OneVesselGroupMember_zhUX8kXpAo6i">3,033 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">for <span id="xdx_907_ecustom--NumberOfVesselsImpairmentChargeRecognized_dc_uPure_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OneVesselGroupMember_zL9pcaaaFwg">one </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel asset group with a total aggregate carrying amount of $<span id="xdx_90E_eus-gaap--PropertyPlantAndEquipmentNet_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OneVesselGroupMember_zaIbYW05E5H3">9,033 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">which was written down to its fair value of $<span id="xdx_90C_eus-gaap--PropertyPlantAndEquipmentFairValueDisclosure_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OneVesselGroupMember_zrGzQp4qZWx7">6,000 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(see note 4).</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Through 2021, the Company evaluated the impact of the then economic situation on the recoverability of all its vessel groups and determined that there was no triggering event and no impairment test was performed for the year ended December 31, 2021.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q2 | gsl |
Future Charter Rate Assumptions
FutureCharterRateAssumptions
|
The Company uses a number of assumptions in projecting its undiscounted net operating cash flows analysis including, among others, (i) revenue assumptions for charter rates on expiry of existing charters, which are based on forecast charter rates, where relevant, in the four years from the date of the impairment test and a reversion to the historical mean of time charter rates for each vessel thereafter (ii) off-hire days, which are based on actual off-hire statistics for the Company’s fleet (iii) operating costs, based on current levels escalated over time based on long term trends (iv) dry docking frequency, duration and cost (v) estimated useful life, which is assessed as a total of 30 years from original delivery by the shipyard and (vi) scrap values. | |
CY2023 | gsl |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax1
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax1
|
16625000 | usd |
CY2023 | gsl |
Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
|
4271000 | usd |
CY2023 | gsl |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax1
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax1
|
214000 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
31221000 | usd |
CY2022 | gsl |
Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
|
1123000 | usd |
CY2022 | gsl |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax1
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax1
|
1091000 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
227000 | usd |
CY2021 | gsl |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax1
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax1
|
0 | usd |
CY2021 | gsl |
Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
|
0 | usd |
CY2021 | gsl |
Sale And Leaseback Transactions Failed Number
SaleAndLeasebackTransactionsFailedNumber
|
6 | pure |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_84A_eus-gaap--ConcentrationRiskCreditRisk_zEDbxG45WzK1" style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt"><span style="font-size: 10pt"><b>(v) <span id="xdx_86F_z8pbdSqchLB8">Risks Associated with Concentration</span></b></span></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is exposed to certain concentration risks that may adversely affect the Company’s financial position in the near term:</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p><table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td colspan="2"><span style="font-size: 10pt"> </span></td> <td style="vertical-align: top; padding-top: 9.9pt; text-align: left"><span style="font-size: 10pt">(i)</span></td> <td style="vertical-align: top; padding-top: 9.9pt; text-align: justify"><span style="font-size: 10pt">The Company derives its revenue from liner companies which are exposed to the cyclicality of the container shipping industry.</span></td></tr> <tr> <td colspan="2"><span style="font-size: 10pt"> </span></td> <td style="vertical-align: top; padding-top: 9.9pt; text-align: left"><span style="font-size: 10pt">(ii)</span></td> <td style="vertical-align: top; padding-top: 9.9pt; text-align: justify"><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 10pt">There is a minimum concentration of credit risk with respect to cash and cash equivalents at December 31, 2023, to the extent that substantially all of the amounts are deposited with <span id="xdx_906_ecustom--NumberOfBanksHoldingDeposits_iI_pp0p0_dc_uPure_c20231231_zfxCeIUNSI7b" title="Number of banks holding deposits">ten</span> banks (2022: <span id="xdx_908_ecustom--NumberOfBanksHoldingDeposits_iI_pp0p0_dc_uPure_c20221231_zbDxsdTvB5Nc" title="Number of banks holding deposits">nine</span> banks). The Company believes this risk is remote as the banks are high credit quality financial institutions.</span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 10pt"> </span></p></td></tr> </table> | |
CY2023Q4 | gsl |
Number Of Banks Holding Deposits
NumberOfBanksHoldingDeposits
|
10 | pure |
CY2022Q4 | gsl |
Number Of Banks Holding Deposits
NumberOfBanksHoldingDeposits
|
9 | pure |
CY2023 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | pure |
CY2023 | us-gaap |
Derivative Description Of Hedged Item
DerivativeDescriptionOfHedgedItem
|
the Company has designated only a portion of its outstanding debt (initially, $253,946) as the hedged item, and any interest payments beyond the notional amount of the interest rate cap in any given period are not designated as being hedged | |
CY2023 | us-gaap |
Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
|
1-month Compounded SOFR | |
CY2023 | us-gaap |
Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
|
0.0064 | pure |
CY2023 | gsl |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax1
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax1
|
214000 | usd |
CY2022 | gsl |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax1
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax1
|
1091000 | usd |
CY2023 | us-gaap |
Derivative Description Of Hedged Item
DerivativeDescriptionOfHedgedItem
|
the Company has designated only a portion of its outstanding debt (initially, $253,946) as the hedged item, and any interest payments beyond the notional amount of the interest rate cap in any given period are not designated as being hedged | |
CY2022 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
1091000 | usd |
CY2023Q4 | us-gaap |
Escrow Deposit
EscrowDeposit
|
21443000 | usd |
CY2022Q4 | us-gaap |
Escrow Deposit
EscrowDeposit
|
23903000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
2420000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
4460000 | usd |
CY2023Q4 | gsl |
Cash Collateral Received In Advance From Charterers Current
CashCollateralReceivedInAdvanceFromCharterersCurrent
|
32940000 | usd |
CY2022Q4 | gsl |
Cash Collateral Received In Advance From Charterers Current
CashCollateralReceivedInAdvanceFromCharterersCurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
56803000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
28363000 | usd |
CY2023Q4 | gsl |
Cash Collateral Received In Advance From Charterers Non Current
CashCollateralReceivedInAdvanceFromCharterersNonCurrent
|
80980000 | usd |
CY2022Q4 | gsl |
Cash Collateral Received In Advance From Charterers Non Current
CashCollateralReceivedInAdvanceFromCharterersNonCurrent
|
118471000 | usd |
CY2023Q4 | us-gaap |
Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
|
21000 | usd |
CY2022Q4 | us-gaap |
Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
|
20000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
3769000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
2446000 | usd |
CY2023Q4 | gsl |
Cash In Custody
CashInCustody
|
500000 | usd |
CY2022Q4 | gsl |
Cash In Custody
CashInCustody
|
500000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
85270000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
121437000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Investments
RestrictedCashAndInvestments
|
142073000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Investments
RestrictedCashAndInvestments
|
149800000 | usd |
CY2022 | gsl |
Amortization Of Above And Below Market Leases1
AmortizationOfAboveAndBelowMarketLeases1
|
41158000 | usd |
CY2023 | gsl |
Capitalized Expenses Unpaid
CapitalizedExpensesUnpaid
|
2679000 | usd |
CY2022 | gsl |
Capitalized Expenses Unpaid
CapitalizedExpensesUnpaid
|
9022000 | usd |
CY2021 | gsl |
Capitalized Expenses Unpaid
CapitalizedExpensesUnpaid
|
6257000 | usd |
CY2023 | gsl |
Property Plant And Equipment Acquisitions Text Block1
PropertyPlantAndEquipmentAcquisitionsTextBlock1
|
<p id="xdx_890_ecustom--PropertyPlantAndEquipmentAcquisitionsTextBlock1_zHnwPBmLY12l" style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-size: 10pt"><span id="xdx_8B4_zZCnIQeFZJR9" style="display: none">Vessels in Operation - Vessels Acquisitions (Table)</span></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"></p><table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 28%"><span style="font-size: 10pt"><b>Name</b></span></td> <td id="xdx_485_ecustom--CapacityOfVesselsInTwentyFootEquivalentUnits_uPure_zT2u3EhwFd1" style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 22%"><span style="font-size: 10pt"><b>Capacity in TEUs</b></span></td> <td id="xdx_484_ecustom--YearBuilt_zIB0TwP9Gvm1" style="border-bottom: Black 0.5pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; width: 13%"><span style="font-size: 10pt"><b>Year Built</b></span></td> <td id="xdx_488_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_zC8hF7PMt1P5" style="border-bottom: Black 0.5pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; width: 17%"><span style="font-size: 10pt"><b>Purchase Price</b></span></td> <td id="xdx_48A_ecustom--DeliveryDate_zXtU5nO8Jzm5" style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 20%"><span style="font-size: 10pt"><b>Delivery date</b></span></td></tr> <tr id="xdx_413_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLTripoliMember_z1pYMp9OxGrg" style="background-color: #CCECFF"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Tripoli</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">5,470</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2009</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">37,000</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">September 1, 2021</span></td></tr> <tr id="xdx_41D_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLTinosMember_zgjuXacA8Jk"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Tinos</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">5,470</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2010</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">37,500</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">September 9, 2021 </span></td></tr> <tr id="xdx_416_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLSyrosMember_zJq24Dubo3R3" style="background-color: #CCECFF"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Syros</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">5,470</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2010</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">37,500</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">September 13, 2021 </span></td></tr> <tr id="xdx_41F_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLKithiraMember_zo5DDteSdIDd"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Kithira</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">5,470</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2009</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">36,000</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">October 13, 2021</span></td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The charters of the Four Vessels resulted in an intangible liability of $<span id="xdx_900_ecustom--IntangibleLiabilityCharterAgreementsNoncurrent_iI_pn3n3_c20211013__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FourVesselsMember_z16wA5UjxXKb">17,100</span> that was recognized and will be amortized over the remaining useful life of the charters.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In July 2021, the Company took delivery of the Twelve Vessels as per below:</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"></p><table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 28%"><span style="font-size: 10pt"><b>Name</b></span></td> <td id="xdx_483_ecustom--CapacityOfVesselsInTwentyFootEquivalentUnits_uPure_zfTwaFA8UUne" style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 22%"><span style="font-size: 10pt"><b>Capacity in TEUs</b></span></td> <td id="xdx_487_ecustom--YearBuilt_z4eIuDJdYGsk" style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 13%"><span style="font-size: 10pt"><b>Year Built</b></span></td> <td id="xdx_48F_eus-gaap--PropertyPlantAndEquipmentAdditions_zUVXXYqFySYk" style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 17%"><span style="font-size: 10pt"><b>Purchase Price</b></span></td> <td id="xdx_480_ecustom--DeliveryDate_z4wZyJsrL9aj" style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 20%"><span style="font-size: 10pt"><b>Delivery Date</b></span></td></tr> <tr id="xdx_41C_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLSusanMember_zI9B9Lr6Ghl6" style="background-color: #CCECFF"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Susan</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">4,363</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2008</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">20,740</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">July 29, 2021</span></td></tr> <tr id="xdx_415_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLRossiMember_zeG1TV2ILnzb"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Rossi</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">3,421</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2012</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">21,580</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">July 29, 2021</span></td></tr> <tr id="xdx_415_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLAliceMember_zDRDReVvXBX" style="background-color: #CCECFF"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Alice</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">3,421</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2014</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">23,150</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">July 29, 2021</span></td></tr> <tr id="xdx_419_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLMelinaMember_zFckIQxYNCyg"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Melina</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">3,404</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2013</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">23,990</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">July 29, 2021</span></td></tr> <tr id="xdx_411_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLEleftheriaMember_z8Kqyo9tthj9" style="background-color: #CCECFF"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Eleftheria</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">3,404</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2013</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">26,870</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">July 29, 2021</span></td></tr> <tr id="xdx_41A_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLMercerMember_zJS9eesnRMya"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Mercer</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2,824</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2007</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">20,750</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">July 29, 2021</span></td></tr> <tr id="xdx_412_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLLaloMember_z4Wfgu18IQug" style="background-color: #CCECFF"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Lalo</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2,824</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2006</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">13,320</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">July 29, 2021</span></td></tr> <tr id="xdx_413_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MatsonMolokaiMember_zlpX4CATkmnl"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">Matson Molokai</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2,824</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2007</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">16,430</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">July 15, 2021</span></td></tr> <tr id="xdx_410_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLElizabethMember_zn95NhAOE9R" style="background-color: #CCECFF"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Elizabeth</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2,741</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2006</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">13,910</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">July 28, 2021</span></td></tr> <tr id="xdx_41E_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLChloeMember_zIFiN30CDdP7"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">tbr GSL Chloe</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2,546</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2012</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">22,320</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">July 29, 2021</span></td></tr> <tr id="xdx_41E_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLMarenMember_zVuhmSeuRn7a" style="background-color: #CCECFF"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Maren</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2,546</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2014</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">23,270</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">July 29, 2021</span></td></tr> <tr id="xdx_41F_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLAmstelMember_zb34zOOgUztj"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Amstel</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">1,118</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2008</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">7,560</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">July 29, 2021</span></td></tr> </table> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The charters in place at the time of the purchase of the Twelve Vessels resulted in an intangible liability of $<span id="xdx_90D_ecustom--IntangibleLiabilityCharterAgreementsNoncurrent_iI_pn3n3_c20210729__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwelveVesselsMember_zfIpG5LNGQr">76,193</span> that was recognized and will be amortized over the remaining useful life of the charters.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In April, May and July 2021, the Company took delivery of the Seven Vessels as per below:</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p><table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 28%"><span style="font-size: 10pt"><b>Name</b></span></td> <td id="xdx_483_ecustom--CapacityOfVesselsInTwentyFootEquivalentUnits_uPure_zYBvfSmGJN28" style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 22%"><span style="font-size: 10pt"><b>Capacity in TEUs</b></span></td> <td id="xdx_487_ecustom--YearBuilt_zUQ0SRaz7G4g" style="border-bottom: Black 0.5pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; width: 13%"><span style="font-size: 10pt"><b>Year Built</b></span></td> <td id="xdx_48F_eus-gaap--PropertyPlantAndEquipmentAdditions_zfDRq4TuTBDa" style="border-bottom: Black 0.5pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; width: 17%"><span style="font-size: 10pt"><b>Purchase Price</b></span></td> <td id="xdx_480_ecustom--DeliveryDate_zW1PusvsTHL7" style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 20%"><span style="font-size: 10pt"><b>Delivery Date</b></span></td></tr> <tr id="xdx_41B_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLMYNYMember_zWLHYb1le83d" style="background-color: #CCECFF"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL MYNY</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">6,008</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2000</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">17,600</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">July 28, 2021</span></td></tr> <tr id="xdx_410_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLMelitaMember_zj2IG0vuFlTh"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Melita</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">6,008</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2001</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">15,500</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">May 25, 2021</span></td></tr> <tr id="xdx_41E_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLViolettaMember_zdl7OTNyWauf" style="background-color: #CCECFF"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Violetta<sup id="xdx_F4D_zKMukBakLPB3">*</sup></span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">6,008</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2000</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">17,300</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">April 28, 2021</span></td></tr> <tr id="xdx_41E_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLMariaMember_zG7kdg3FeMIi"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Maria<sup id="xdx_F4A_zMX0dw0lIJeg">*</sup></span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">6,008</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2001</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">16,600</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">April 28, 2021</span></td></tr> <tr id="xdx_41F_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLArcadiaMember_zApfJMZlTCAj" style="background-color: #CCECFF"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Arcadia</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">6,008</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2000</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">18,000</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">April 26, 2021</span></td></tr> <tr id="xdx_412_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLDorotheaMember_z4fJCl4f1SBc"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Dorothea</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">5,992</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2001</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">15,500</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">April 26, 2021</span></td></tr> <tr id="xdx_41F_20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLTegeaMember_zPtlq55nVoXg" style="background-color: #CCECFF"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">GSL Tegea</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">5,992</span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2001</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">15,500</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">May 17, 2021</span></td></tr> </table> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">* The charters of these vessels resulted in an intangible liability of $<span id="xdx_90D_ecustom--IntangibleLiabilityCharterAgreementsNoncurrent_iI_pn3n3_c20210728__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLViolettaGSLMariaMember_zizqPrtTpWP1">3,051 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">that was recognized and amortized over the remaining useful life of the charters. As of December 31, 2022, the intangible liability relating to the Seven Vessels had been fully amortized.</span></p> | |
CY2023 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
18830000 | usd |
CY2022 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
3033000 | usd |
CY2021 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
0 | usd |
CY2023 | gsl |
Number Of Unencumbered Vessels
NumberOfUnencumberedVessels
|
5 | pure |
CY2023 | gsl |
Vessels Improvements
VesselsImprovements
|
12210000 | usd |
CY2022 | gsl |
Vessels Improvements
VesselsImprovements
|
4881000 | usd |
CY2020Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
22951000 | usd |
CY2021 | gsl |
Deferred Costs Additions
DeferredCostsAdditions
|
23704000 | usd |
CY2021 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
9004000 | usd |
CY2021 | gsl |
Deferred Costs Write Off
DeferredCostsWriteOff
|
22000 | usd |
CY2021Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
37629000 | usd |
CY2022 | gsl |
Deferred Costs Additions
DeferredCostsAdditions
|
30105000 | usd |
CY2022 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
13071000 | usd |
CY2022Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
54663000 | usd |
CY2023 | gsl |
Deferred Costs Additions
DeferredCostsAdditions
|
38341000 | usd |
CY2023 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
19284000 | usd |
CY2023Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
73720000 | usd |
CY2023 | gsl |
Period Between Scheduled Drydockings
PeriodBetweenScheduledDrydockings
|
P5Y | |
CY2022Q4 | gsl |
Intangible Liability Charter Agreements Noncurrent
IntangibleLiabilityCharterAgreementsNoncurrent
|
14218000 | usd |
CY2021Q4 | gsl |
Intangible Liability Charter Agreements Noncurrent
IntangibleLiabilityCharterAgreementsNoncurrent
|
55376000 | usd |
CY2023 | gsl |
Disposals Of Below Market Leases
DisposalsOfBelowMarketLeases
|
476000 | usd |
CY2022 | gsl |
Disposals Of Below Market Leases
DisposalsOfBelowMarketLeases
|
-0 | usd |
CY2023 | gsl |
Amortization Of Below Market Leases
AmortizationOfBelowMarketLeases
|
8080000 | usd |
CY2022 | gsl |
Amortization Of Below Market Leases
AmortizationOfBelowMarketLeases
|
41158000 | usd |
CY2023Q4 | gsl |
Intangible Liability Charter Agreements Noncurrent
IntangibleLiabilityCharterAgreementsNoncurrent
|
5662000 | usd |
CY2022Q4 | gsl |
Intangible Liability Charter Agreements Noncurrent
IntangibleLiabilityCharterAgreementsNoncurrent
|
14218000 | usd |
CY2023 | gsl |
Amortization Of Above And Below Market Leases1
AmortizationOfAboveAndBelowMarketLeases1
|
8080000 | usd |
CY2021 | gsl |
Amortization Of Above And Below Market Leases1
AmortizationOfAboveAndBelowMarketLeases1
|
45430000 | usd |
CY2022 | gsl |
Amortization Of Intangible Liabilities Related Party
AmortizationOfIntangibleLiabilitiesRelatedParty
|
5385000 | usd |
CY2021 | gsl |
Amortization Of Intangible Liabilities Related Party
AmortizationOfIntangibleLiabilitiesRelatedParty
|
6882000 | usd |
CY2023 | gsl |
Amortization Of Intangible Liabilities Related Party
AmortizationOfIntangibleLiabilitiesRelatedParty
|
0 | usd |
CY2023Q4 | us-gaap |
Below Market Lease Amortization Income Next Rolling Twelve Months
BelowMarketLeaseAmortizationIncomeNextRollingTwelveMonths
|
5114000 | usd |
CY2023Q4 | us-gaap |
Below Market Lease Amortization Income Rolling Year Two
BelowMarketLeaseAmortizationIncomeRollingYearTwo
|
548000 | usd |
CY2023Q4 | us-gaap |
Below Market Lease Net
BelowMarketLeaseNet
|
5662000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y | |
CY2023Q4 | us-gaap |
Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
|
11073000 | usd |
CY2022Q4 | us-gaap |
Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
|
15008000 | usd |
CY2023Q4 | us-gaap |
Supplies
Supplies
|
11651000 | usd |
CY2022Q4 | us-gaap |
Supplies
Supplies
|
6946000 | usd |
CY2023Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
3628000 | usd |
CY2022Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
2969000 | usd |
CY2023Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
14112000 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
8842000 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
40464000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
33765000 | usd |
CY2023Q4 | gsl |
Bunker Inventory Current
BunkerInventoryCurrent
|
685000 | usd |
CY2022Q4 | gsl |
Bunker Inventory Current
BunkerInventoryCurrent
|
-0 | usd |
CY2023Q4 | gsl |
Lubricants Inventory Current
LubricantsInventoryCurrent
|
12423000 | usd |
CY2022Q4 | gsl |
Lubricants Inventory Current
LubricantsInventoryCurrent
|
10048000 | usd |
CY2023Q4 | gsl |
Stores Inventory Current
StoresInventoryCurrent
|
2025000 | usd |
CY2022Q4 | gsl |
Stores Inventory Current
StoresInventoryCurrent
|
1643000 | usd |
CY2023Q4 | gsl |
Victualling Inventory Current
VictuallingInventoryCurrent
|
631000 | usd |
CY2022Q4 | gsl |
Victualling Inventory Current
VictuallingInventoryCurrent
|
546000 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
15764000 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
12237000 | usd |
CY2023 | us-gaap |
Derivative Description Of Hedged Item
DerivativeDescriptionOfHedgedItem
|
the Company has designated only a portion of its outstanding debt (initially, $253,946) as the hedged item, and any interest payments beyond the notional amount of the interest rate cap in any given period are not designated as being hedged | |
CY2022Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
63503000 | usd |
CY2021Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
7227000 | usd |
CY2023 | gsl |
Payable Premium Amount
PayablePremiumAmount
|
-0 | usd |
CY2022 | gsl |
Payable Premium Amount
PayablePremiumAmount
|
15370000 | usd |
CY2023 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-16625000 | usd |
CY2022 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
31221000 | usd |
CY2023 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-5372000 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
9685000 | usd |
CY2023Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
41506000 | usd |
CY2022Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
63503000 | usd |
CY2023Q4 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
24639000 | usd |
CY2022Q4 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
29645000 | usd |
CY2023Q4 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
16867000 | usd |
CY2022Q4 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
33858000 | usd |
CY2023 | gsl |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax2
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax2
|
214000 | usd |
CY2022 | gsl |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax2
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax2
|
1091000 | usd |
CY2021 | gsl |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax2
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax2
|
0 | usd |
CY2023Q4 | gsl |
Accounts Payable To Suppliers And Repairers Current
AccountsPayableToSuppliersAndRepairersCurrent
|
12933000 | usd |
CY2022Q4 | gsl |
Accounts Payable To Suppliers And Repairers Current
AccountsPayableToSuppliersAndRepairersCurrent
|
12802000 | usd |
CY2023Q4 | srt |
Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
|
303000 | usd |
CY2022Q4 | srt |
Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
|
510000 | usd |
CY2023Q4 | gsl |
Accounts Payable To Charterers
AccountsPayableToCharterers
|
1967000 | usd |
CY2022Q4 | gsl |
Accounts Payable To Charterers
AccountsPayableToCharterers
|
6306000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
2398000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
3137000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
17601000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
22755000 | usd |
CY2023Q4 | gsl |
Accrued Expenses
AccruedExpenses
|
20378000 | usd |
CY2022Q4 | gsl |
Accrued Expenses
AccruedExpenses
|
26676000 | usd |
CY2023Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
8160000 | usd |
CY2022Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
9362000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
28538000 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
36038000 | usd |
CY2023Q4 | us-gaap |
Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
|
107252000 | usd |
CY2022Q4 | us-gaap |
Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
|
141659000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
823178000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
949525000 | usd |
CY2023 | gsl |
Long Term Debt Text Block1
LongTermDebtTextBlock1
|
<p id="xdx_804_ecustom--LongTermDebtTextBlock1_znNCBxpsQRWe" style="font: 12pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12. Long-Term Debt (continued) <span id="xdx_826_zsZYGrGTVAD6" style="display: none">Long-Term Debt (Narrative II)</span></b></span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>e) $140.0 Million HCOB, CACIB, ESUN, CTBC, Taishin Credit Facility </b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_905_ecustom--LineOfCreditFacilityInitiationDate3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember_zokODj5benUh">July 6, 2021</span>, the Company entered into a facility with Credit Agricole Corporate and Investment Bank (“CACIB”), Hamburg Commercial Bank AG (“HCOB”), E.Sun Commercial Bank, Ltd (“ESUN”), CTBC Bank Co. Ltd. (“CTBC”) and Taishin International Bank (“Taishin”) for a total of $<span id="xdx_903_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210731__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember_zxdzLSuCnUw5">140,000</span> <span id="xdx_906_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember_zHdUQy06Tjua">to finance the acquisition of the Twelve Vessels</span>. The full amount was drawdown in July 2021 and the credit facility has a maturity in <span id="xdx_909_ecustom--LineOfCreditFacilityExpirationDate_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember_zVnktScCXzPi">July 2026</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The facility is repayable in <span id="xdx_90E_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_dc_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember__srt--StatementScenarioAxis__custom--FirstSixInstallmentsMember_zx6Sdz1b9zlk">six </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">equal consecutive <span id="xdx_90E_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember__srt--StatementScenarioAxis__custom--FirstSixInstallmentsMember_zOopdDWYOO84">quarterly </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">instalments of $<span id="xdx_90E_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember__srt--StatementScenarioAxis__custom--FirstSixInstallmentsMember_zrwrE2hDBAUl">8,000</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, <span id="xdx_90A_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_dc_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember__srt--StatementScenarioAxis__custom--NextEightInstallmentsMember_z16BCoSr5ZP8">eight </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">equal consecutive <span id="xdx_906_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember__srt--StatementScenarioAxis__custom--NextEightInstallmentsMember_zBKFGzdgjej4">quarterly </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">instalments of $<span id="xdx_906_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember__srt--StatementScenarioAxis__custom--NextEightInstallmentsMember_zi7phRvPFzMh">5,400 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and <span id="xdx_909_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_dc_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember__srt--StatementScenarioAxis__custom--LastSixInstallmentsMember_zsjQ5Hrt6UKk">six </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">equal consecutive <span id="xdx_90E_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember__srt--StatementScenarioAxis__custom--LastSixInstallmentsMember_zPmm1hVHVsO4">quarterly </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">instalments of $<span id="xdx_902_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember__srt--StatementScenarioAxis__custom--LastSixInstallmentsMember_z5cFj5t6Qic1">2,200 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">with a final balloon of $<span id="xdx_90F_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember_zI0decA9DF42" title="Balloon payment to be paid">35,600 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">payable together with the final instalment. On March 23, 2023, due to the sale of GSL Amstel, the Company additionally repaid $<span id="xdx_908_eus-gaap--RepaymentsOfDebt_pn3n3_c20230101__20230323__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember_z6QPDBaorGji">2,838 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">out of which $1,000 deducted from the balloon instalment, and the vessel was released as collateral under the Company’s $140,000 HCOB, CACIB, ESUN, CTBC, Taishin Credit Facility.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">This facility’s interest rate is <span id="xdx_90B_eus-gaap--LineOfCreditFacilityInterestRateDescription_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember_zW7krnJnoDj2">SOFR </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus a margin of <span id="xdx_901_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember_zhUUVCdwiIZ8">3.25</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% per annum plus Credit Adjustment Spread (“CAS”) payable quarterly in arrears.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the outstanding balance of this facility was $<span id="xdx_90A_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember_zhIIPHUGDiRg">73,283</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>f) $51.7 Million Deutsche Bank AG Credit Facility</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_900_ecustom--LineOfCreditFacilityInitiationDate3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--DeutscheCreditFacilityIMember_zArHp6AC0nAl">May 6, 2021</span>, the Company via its subsidiary Laertis Marine LLC entered into a secured facility for an amount of $<span id="xdx_908_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--DeutscheCreditFacilityIMember_z1YzK2GViMgh">51,670 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">with Deutsche Bank AG <span id="xdx_909_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--DeutscheCreditFacilityIMember_zcNo8K5yGocj">in order to refinance one of the three previous tranches of the $180,500 Deutsche, CIT, HCOB, Entrust, Blue Ocean Credit Facility, that had a maturity date on June 30, 2022, of an amount $48,527</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The facility is repayable in <span id="xdx_906_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--DeutscheCreditFacilityIMember_zHWNZ7DGLGA6">20</span> equal consecutive <span id="xdx_90E_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--DeutscheCreditFacilityIMember_zSGPUeqEnTEc">quarterly</span> instalments of $<span id="xdx_90F_eus-gaap--LineOfCreditFacilityPeriodicPayment_pdn3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--DeutscheCreditFacilityIMember_zAGduvK38s6f">1,162.45</span> with a final balloon of $<span id="xdx_90C_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--DeutscheCreditFacilityIMember_zJdImL0Gh2m4">28,421</span> payable together with the final instalment.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">This facility bears interest at <span id="xdx_901_eus-gaap--LineOfCreditFacilityInterestRateDescription_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--DeutscheCreditFacilityIMember_zWPckTCmTY74">SOFR</span> plus a margin of <span id="xdx_906_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--DeutscheCreditFacilityIMember_zHfn00QQ6Bp8">3.25</span>% per annum payable quarterly in arrears.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the outstanding balance of this facility was $<span id="xdx_909_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--DeutscheCreditFacilityIMember_zUEgY8YXJdSa">40,046</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>g) $64.2 Million Hamburg Commercial Bank AG Credit Facility</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 15, 2021, the Company entered into a Senior Secured term loan facility with Hamburg Commercial Bank AG “the HCOB Credit Facility” for an amount of up to $<span id="xdx_908_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20210115__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember_zeROvaattPSl">64,200</span><span id="xdx_90F_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember_zHSnsqL8yl5g"> in order to finance the acquisition of six out of the Seven Vessels</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tranche A, E and F amounting to $<span id="xdx_90B_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210430__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember__srt--StatementScenarioAxis__custom--TrancheAEFMember_zh61cY5jay58">32,100</span> were drawn down in April 2021 and have a maturity date in <span id="xdx_90F_ecustom--LineOfCreditFacilityExpirationDate_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember__srt--StatementScenarioAxis__custom--TrancheAEFMember_zh7BgiSONhyf">April 2025</span>, Tranche B and D amounting to $<span id="xdx_907_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210531__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember__srt--StatementScenarioAxis__custom--TrancheBDMember_zOQmQOjkWHf7">21,400</span> were drawn down in May 2021 and have a maturity date in <span id="xdx_90E_ecustom--LineOfCreditFacilityExpirationDate_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember__srt--StatementScenarioAxis__custom--TrancheBDMember_z6CJgLlzSeQd">May 2025</span>, and Tranche C amounting to $<span id="xdx_908_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210731__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember__srt--StatementScenarioAxis__custom--TrancheCMember_zk3529NgNv36">10,700</span> was drawn down in July 2021 and has a maturity date in <span id="xdx_900_ecustom--LineOfCreditFacilityExpirationDate_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember__srt--StatementScenarioAxis__custom--TrancheCMember_zgBGcjObUM08">July 2025</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each Tranche of the facility is repayable in <span id="xdx_90C_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--EachTrancheMember_zwCjNHZqAFTg">16</span> equal consecutive <span id="xdx_906_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--EachTrancheMember_z79UDGkAdOul">quarterly</span> instalments of $<span id="xdx_908_eus-gaap--LineOfCreditFacilityPeriodicPayment_pin3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--EachTrancheMember_zASmQ8yQfEC8">668.75</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">This facility bears interest at <span id="xdx_900_eus-gaap--LineOfCreditFacilityInterestRateDescription_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember_zT5T6qQAbUKb">SOFR</span> plus a margin of <span id="xdx_900_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember_zWXHTyDDa99i">3.50</span>% per annum payable quarterly in arrears.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the outstanding balance of this facility was $<span id="xdx_905_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityIMember_zdFfknxR15n1">24,744</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>h) $51.7 Million CACIB, Bank Sinopac, CTBC Credit Facility</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_90C_ecustom--LineOfCreditFacilityInitiationDate3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBBankSinopacCTBCCreditFacilityIMember_zshs6qIeULJi">April 13, 2021</span>, the Company via its subsidiary Penelope Marine LLC entered into a secured facility for an amount of $<span id="xdx_90D_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210413__us-gaap--LineOfCreditFacilityAxis__custom--CACIBBankSinopacCTBCCreditFacilityIMember_zOoH8pfVAjra">51,700 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBBankSinopacCTBCCreditFacilityIMember_zc5gyFIqSQa7">in order to refinance one of the three previous tranches of the $180,500 Deutsche, CIT, HCOB, Entrust, Blue Ocean Credit Facility, that had a maturity date on June 30, 2022, of an amount $48,648</span>. The secured credit facility has a maturity in <span id="xdx_904_ecustom--LineOfCreditFacilityExpirationDate_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBBankSinopacCTBCCreditFacilityIMember_z8OtIDmKXMXa">April 2026</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12. Long-Term Debt (continued)</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>h) $51.7 Million CACIB, Bank Sinopac, CTBC Credit Facility (continued)</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The lenders are Credit Agricole Corporate and Investment Bank (“CACIB”), Bank Sinopac Co. Ltd. (“Bank Sinopac”) and CTBC Bank Co. Ltd. (“CTBC”).</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The facility is repayable in <span id="xdx_90B_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBBankSinopacCTBCCreditFacilityIMember_zcxM9aUi6n3a">20</span> equal consecutive <span id="xdx_908_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBBankSinopacCTBCCreditFacilityIMember_z6Vt40WuVovb">quarterly</span> instalments of $<span id="xdx_900_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBBankSinopacCTBCCreditFacilityIMember_zZxxvaxvu35a">1,275</span> with a final balloon of $<span id="xdx_90E_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBBankSinopacCTBCCreditFacilityIMember_zApYkCdWeo93">26,200</span> payable together with the final instalment.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">This facility bears interest at <span id="xdx_90E_eus-gaap--LineOfCreditFacilityInterestRateDescription_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBBankSinopacCTBCCreditFacilityIMember_zbbtt59l6FU3">SOFR </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus a margin of <span id="xdx_902_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBBankSinopacCTBCCreditFacilityIMember_zwfKortXXYJ5">2.75</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% per annum plus CAS payable quarterly in arrears.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the outstanding balance of this facility was $<span id="xdx_90E_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBBankSinopacCTBCCreditFacilityIMember_zw2UiXjIuLd6">38,950</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>i) $9.0 Million Chailease Credit Facility</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_906_ecustom--LineOfCreditFacilityInitiationDate3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--ChaileaseCreditFacilityIMember_zMbBXCTYGcYd">February 26, 2020</span>, the Company via its subsidiaries, Athena Marine LLC, Aphrodite Marine LLC and Aris Marine LLC entered into a secured term facility agreement with Chailease International Financial Services Pte., Ltd. for an amount of $<span id="xdx_900_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20200101__20200226__us-gaap--LineOfCreditFacilityAxis__custom--ChaileaseCreditFacilityIMember_zjKIkal7qPp9">9,000</span>. The Chailease Bank Facility was used <span id="xdx_908_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--ChaileaseCreditFacilityIMember_z7rfHYgHDQhb">for the refinance of DVB Credit Facility</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The facility is repayable in 36 consecutive <span id="xdx_90C_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--ChaileaseCreditFacilityIMember__srt--StatementScenarioAxis__custom--ThirtysixInstallmentsMember_zCvA91T2vBad">monthly</span> instalments $<span id="xdx_90D_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--ChaileaseCreditFacilityIMember__srt--StatementScenarioAxis__custom--ThirtysixInstallmentsMember_zUiiBM50xSkc">156</span> and 24 <span id="xdx_90A_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--ChaileaseCreditFacilityIMember__srt--StatementScenarioAxis__custom--TwentyFourInstallmentsMember_zNofMZ2zkmRd">monthly</span> instalments of $<span id="xdx_902_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--ChaileaseCreditFacilityIMember__srt--StatementScenarioAxis__custom--TwentyFourInstallmentsMember_zXRRU3XGRKXi">86</span> with a final balloon of $<span id="xdx_901_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--ChaileaseCreditFacilityIMember_zvckdecjqWj6">1,314</span> payable together with the final instalment.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">This facility bears interest at <span id="xdx_906_eus-gaap--LineOfCreditFacilityInterestRateDescription_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--ChaileaseCreditFacilityIMember_z8k0e0Ca5UJ7">SOFR</span> plus a margin of <span id="xdx_906_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--ChaileaseCreditFacilityIMember_zwc9VF1jW2Xa">4.20</span>% per annum.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the outstanding balance of this facility was $<span id="xdx_908_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--ChaileaseCreditFacilityIMember_zsjViHiCeoG9">2,608</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>j) $268.0 Million Syndicated Senior Secured Credit Facility (CACIB, ABN, First-Citizens & Trust Company, Siemens, CTBC, Bank Sinopac, Palatine)</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_902_ecustom--LineOfCreditFacilityInitiationDate3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember_zkvSqNvd5pre">September 19, 2019</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, the Company entered into a Syndicated Senior Secured Credit Facility <span id="xdx_90C_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember_zaxciEZO4DQg">in order to refinance existing credit facilities that had a maturity date in December 2020, of an amount $224,310</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Senior Syndicated Secured Credit Facility was agreed to be borrowed in <span id="xdx_903_ecustom--NumberLoanTranches_dc_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember_z3kum1NGy4Ca">two</span> tranches. The Lenders are Credit Agricole Corporate and Investment Bank (“CACIB”), ABN Amro Bank N.V. (“ABN”), First-Citizens & Trust Company, Siemens Financial Services, Inc (“Siemens”), CTBC Bank Co. Ltd. (“CTBC”), Bank Sinopac Ltd. (“Bank Sinopac”) and Banque Palatine (“Palatine”).</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tranche A amounting to $<span id="xdx_905_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190924__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheAMember_zqDiNoQsZWz1">230,000</span> was drawn down in full on September 24, 2019 and is scheduled to be repaid in <span id="xdx_900_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheAMember_ztJHw03yGWvd">20</span> consecutive <span id="xdx_90C_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheAMember_zArwDS5iYi61">quarterly</span> instalments of $<span id="xdx_906_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheAMember_zS4EG7UwBPya">5,200</span> starting from December 12, 2019 and a balloon payment of $<span id="xdx_908_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheAMember_z6HzHQ6qp6Da">126,000</span> payable on September 24, 2024.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tranche B amounts to $<span id="xdx_901_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20200101__20200210__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheBMember_z1PMRhrFnYs8">38,000</span> was drawn down in full on February 10, 2020 and is scheduled to be repaid in <span id="xdx_900_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheBMember_zI6Ju6OMj3td">20</span> consecutive <span id="xdx_90C_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheBMember_zUhH0uVXGnA9">quarterly</span> instalments of $<span id="xdx_90E_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheBMember_zfdAB5nhUQ77">1,000</span> and a balloon payment of $<span id="xdx_909_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheBMember_zyhvbwpf0pWc">18,000</span> payable in the termination date on the fifth anniversary from the utilization date of Tranche A, which falls in September 24, 2024. In <span id="xdx_905_ecustom--LineOfCreditFacilityInitiationDate3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIIIMember_zdDwqbxj5x8a">January 2022</span>, the Company agreed a new senior secured debt facility <span id="xdx_900_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIIIMember_zpELchOB3is9">to refinance its outstanding Syndicated Senior Secured Credit Facility</span>, which extended the maturity date from September 2024 to <span id="xdx_90F_ecustom--LineOfCreditFacilityExpirationDate_dd_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIIIMember_zXabeDbm5Nci">December 2026</span>, <span id="xdx_904_eus-gaap--LineOfCreditFacilityInterestRateDescription_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember_zfuZo2vGeBza">amended certain covenants in the Company’s favor at an unchanged rate of LIBOR + 3.00%. On July 1, 2022, the interest rate is SOFR plus a margin of <span id="xdx_90B_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIIIMember_z7cR8xo3eP8e">3.00</span>% plus CAS and is payable at each quarter end date</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the outstanding balance of this facility was $<span id="xdx_90A_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityIMember_z15Pa7D2JWui">149,200</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> | |
CY2023 | gsl |
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<p id="xdx_801_ecustom--LongTermDebtTextBlock2_zOjTKCm9R78g" style="font: 12pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12. Long-Term Debt (continued) <span id="xdx_821_z4OIdqpOGwFj" style="display: none">Long-Term Debt (Narrative III)</span></b></span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>k) $120.0 Million Sale and Leaseback agreements - CMBFL Four Vessels </b></span></p> <p style="font: 4pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_90A_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember_zKlPij57GAJ" title="Sale Leaseback Transaction, Date">August 26, 2021</span>, the Company via its subsidiaries Global Ship Lease 68 LLC, Global Ship Lease 69 LLC, Global Ship Lease 70 LLC and Global Ship Lease 71 LLC, entered into <span id="xdx_909_ecustom--NumberOfSaleAndLeasebackAgreements_dc_uPure_c20210101__20210826__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember_zDNxrXxrNkjk">four</span> $<span id="xdx_90E_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20210826__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember_z4y2CtWxyyZf">30,000</span> sale and leaseback agreements with CMB Financial Leasing Co. Ltd. (“CMBFL”) <span id="xdx_902_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember_zPpOftwLKQF1">to finance the acquisition of the Four Vessels</span>. As at September 30, 2021, the Company had drawdown a total of $<span id="xdx_90F_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210930__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember_zo4XNbudBUj6">90,000</span>. The drawdown for the fourth vessel, amounting to $<span id="xdx_909_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20211013__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember_z33roHgujBMk">30,000</span>, took place on October 13, 2021 together with the delivery of this vessel. The Company has a purchase obligation to acquire the Four Vessels at the end of their lease terms and under ASC 842-40, the transaction has been accounted for as a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback agreement as financial liabilities.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each sale and leaseback agreement is repayable in <span id="xdx_90D_ecustom--NumberOfRepaymentInstallment_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember__srt--StatementScenarioAxis__custom--FirstTwelveQuarterlyInstallmentsMember_zPaJUQlRWrxl">12</span> equal consecutive <span id="xdx_90B_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember__srt--StatementScenarioAxis__custom--FirstTwelveQuarterlyInstallmentsMember_zUUrFG0MTf1g">quarterly</span> instalments of $<span id="xdx_907_ecustom--SaleLeasebackTransactionQuarterlyRentalPayments1_pin3_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember__srt--StatementScenarioAxis__custom--FirstTwelveQuarterlyInstallmentsMember_zsyjDztLo4x6">1,587.5</span> and <span id="xdx_909_ecustom--NumberOfRepaymentInstallment_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember__srt--StatementScenarioAxis__custom--NextTwelveQuarterlyInstallmentsMember_zYmdS1xINf6c">12</span> equal consecutive <span id="xdx_90B_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember__srt--StatementScenarioAxis__custom--NextTwelveQuarterlyInstallmentsMember_zacls7GOLlL">quarterly</span> instalments of $<span id="xdx_90A_ecustom--SaleLeasebackTransactionQuarterlyRentalPayments1_pin3_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember__srt--StatementScenarioAxis__custom--NextTwelveQuarterlyInstallmentsMember_zxRZuO1HKkJ1">329.2</span> with a repurchase obligation of $<span id="xdx_90E_eus-gaap--PurchaseObligation_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember_zEKJh46Kog7k">7,000</span> on the final repayment date.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The sale and leaseback agreements for the <span id="xdx_90C_ecustom--FinanceLeaseLiabilityMaturityDates_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember_zs5SW6I0Akhk">three vessels mature in September 2027 and for the fourth vessel in October 2027</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and bear interest at <span id="xdx_905_eus-gaap--LineOfCreditFacilityInterestRateDescription_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember_zKgQE8P2dGq8">SOFR </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus a margin of <span id="xdx_909_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember_zwqmKvD0GLGb">3.25</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% per annum plus CAS payable quarterly in arrears.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the outstanding balance of these sale and lease back agreements was $<span id="xdx_90B_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackAgreementsCMBFLMember_zFI8DBEG6Qx" title="Outstanding balance">64,438</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>I) $54.0 Million Sale and Leaseback agreement - CMBFL</b> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_90C_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember_zYQ2eRvO5Bsf">May 20, 2021</span>, the Company via its subsidiary Telemachus Marine LLC entered into a $<span id="xdx_90F_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20210520__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember_zEqFcYEIlYvb">54,000</span> sale and leaseback agreement with CMB Financial Leasing Co. Ltd. (“CMBFL”) <span id="xdx_90E_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember_z2rMi5hVtrHg">to refinance one of the three previous tranches of the $180,500 Deutsche, CIT, HCOB, Entrust, Blue Ocean Credit Facility, that had a maturity date on June 30, 2022, of an amount $46,624</span>. The Company has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction has been accounted for as a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The sale and leaseback agreement is repayable in <span id="xdx_90E_ecustom--NumberOfRepaymentInstallment_dc_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember__srt--StatementScenarioAxis__custom--EightInstalmentsMember_zK4KpwXxdypl">eight</span> equal consecutive <span id="xdx_90C_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember__srt--StatementScenarioAxis__custom--EightInstalmentsMember_zC3V702nN13e">quarterly</span> instalments of $<span id="xdx_904_ecustom--SaleLeasebackTransactionQuarterlyRentalPayments1_pn3n3_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember__srt--StatementScenarioAxis__custom--EightInstalmentsMember_zy0rJ6y8Ybe7">2,025</span> each and <span id="xdx_90C_ecustom--NumberOfRepaymentInstallment_dc_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember__srt--StatementScenarioAxis__custom--TwentyInstalmentsMember_z4yj5HShzq26">20</span> equal consecutive <span id="xdx_908_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember__srt--StatementScenarioAxis__custom--TwentyInstalmentsMember_zDluKdoHkLv4">quarterly</span> instalments of $<span id="xdx_905_ecustom--SaleLeasebackTransactionQuarterlyRentalPayments1_pn3n3_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember__srt--StatementScenarioAxis__custom--TwentyInstalmentsMember_z9QbepUF3R49">891</span> with a repurchase obligation of $<span id="xdx_904_eus-gaap--PurchaseObligation_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember_zOUlBmpm9bca">19,980</span> on the final repayment date.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The sale and leaseback agreement matures in <span id="xdx_900_ecustom--FinanceLeaseLiabilityMaturityDates_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember_zw6Rw6DWf661">May 2028</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and bears interest at <span id="xdx_901_eus-gaap--LineOfCreditFacilityInterestRateDescription_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember_zWV28ZqW3Anc">SOFR </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus a margin of <span id="xdx_906_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember_zHTOPrmcO8i1">3.25</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% per annum plus CAS payable quarterly in arrears.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In May 2021, on the actual delivery date of the vessel, the Company drew $<span id="xdx_904_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210531__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember_zRNoAudzePn">54,000</span>, which represented vessel purchase price $<span id="xdx_90E_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20210101__20210531__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember_zIDud7MFFMuh" title="Purchase price">75,000</span> less advanced hire of $<span id="xdx_901_ecustom--AdvanceHire_iI_pn3n3_c20210531__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember_z01z8oHroGhc" title="Advance hire">21,000</span>, which advanced hire neither bore any interest nor was refundable and was set off against payment of the purchase price payable to the Company by the unrelated third party under this agreement.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the outstanding balance of this sale and leaseback agreement was $<span id="xdx_905_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLIMember_zzQPsKi3YTI8">36,018</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>m) $14.7 Million Sale and Leaseback agreement - Neptune Maritime Leasing</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_901_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember_zlIOFebOnye">May 12, 2021</span>, the Company via its subsidiary GSL Violetta LLC entered into a $<span id="xdx_904_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20210512__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember_z0inyU3eZMd5">14,735</span> sale and leaseback agreement with Neptune Maritime Leasing (“Neptune”) <span id="xdx_908_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember_zQKBrwTJXwgb">to finance the acquisition of GSL Violetta delivered in April 2021</span>. The Company has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction has been accounted for as a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. In May 2021, the Company drew $<span id="xdx_90C_ecustom--SaleLeasebackTransactionNetProceedsFinancingActivitiesI_pn3n3_c20210101__20210531__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember_zJuQB264Y7Uj">14,735</span> under this agreement.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The sale and leaseback agreement will be repayable in <span id="xdx_90B_ecustom--NumberOfRepaymentInstallment_dc_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember__srt--StatementScenarioAxis__custom--FifteenInstalmentsMember_zs8gCjHK9Uq6">15</span> equal consecutive <span id="xdx_90F_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember__srt--StatementScenarioAxis__custom--FifteenInstalmentsMember_zZRKtPG9Fqag">quarterly</span> instalments of $<span id="xdx_90D_ecustom--SaleLeasebackTransactionQuarterlyRentalPayments1_pin3_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember__srt--StatementScenarioAxis__custom--FifteenInstalmentsMember_zm5pcvpKOtf3">793.87</span> each and <span id="xdx_901_ecustom--NumberOfRepaymentInstallment_dc_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember__srt--StatementScenarioAxis__custom--FourInstalmentsMember_zHGpHJE1G3Qj">four</span> equal consecutive <span id="xdx_902_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember__srt--StatementScenarioAxis__custom--FourInstalmentsMember_znUn66TEmW84">quarterly</span> instalments of $<span id="xdx_90F_ecustom--SaleLeasebackTransactionQuarterlyRentalPayments1_pin3_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember__srt--StatementScenarioAxis__custom--FourInstalmentsMember_zRvc4jvm5fo4">469.12</span> with a repurchase obligation of $<span id="xdx_905_eus-gaap--PurchaseObligation_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember_zuwqnXY7mKDa">950</span> on the last repayment date.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The sale and leaseback agreement matures in <span id="xdx_906_ecustom--FinanceLeaseLiabilityMaturityDates_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember_zbL2TaUy2a32">February 2026</span> and bears interest at <span id="xdx_90C_eus-gaap--LineOfCreditFacilityInterestRateDescription_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember_zqkchFg8y7a1">SOFR</span> plus a margin of <span id="xdx_904_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember_zvX16Po7cGlf">4.64</span>% per annum payable quarterly in arrears.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: left"><span style="font-size: 10pt"><b>12. Long-Term Debt (continued)</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: left"></p><p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>m) $14.7 Million Sale and Leaseback agreement - Neptune Maritime Leasing (continued)</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the outstanding balance of this sale and leaseback agreement was $<span id="xdx_90C_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeMember_zFIeOxa1h53b">6,796</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p><p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><b>n<span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">) $236.2 Million Senior secured loan facility with Hayfin Capital Management, LLP</span></b></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_900_ecustom--LineOfCreditFacilityInitiationDate3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_zE1xpSCqP4Gc">January 7, 2021</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, the Company entered into the New Hayfin Credit Facility amounting to $<span id="xdx_90B_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210119__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_zGC4YA4HSvBf">236,200</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, and on January 19, 2021, the Company drew down the full amount under this facility. <span id="xdx_908_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_zxqBEjpv13m1">The proceeds from the New Hayfin Credit Facility, along with cash on hand, were used to optionally redeem in full the outstanding 2022 Notes on January 20, 2021</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The New Hayfin Credit Facility matured in <span id="xdx_900_ecustom--LineOfCreditFacilityExpirationDate_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_zPb8ko8NnJNf">January 2026</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and bore interest at a rate of <span id="xdx_903_eus-gaap--LineOfCreditFacilityInterestRateDescription_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_zHtNwUvAws39">LIBOR </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus a margin of <span id="xdx_90C_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_zKj2nm2Rx81e">7.00</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% per annum. It was repayable in <span id="xdx_90F_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_dc_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_zPAw0OV65wR6">twenty </span></span><span id="xdx_900_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_zbDV0gs1Kuf2" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">quarterly </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">instalments of $<span id="xdx_90A_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_zeq16e5pvIr6">6,560</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, along with a balloon payment at maturity. <span id="xdx_904_eus-gaap--LineOfCreditFacilityCollateral_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_zmHTFHpIe03g">The New Hayfin Credit Facility was secured by, among other things, first priority ship mortgages over 21 of the Company’s vessels, assignments of earnings and insurances of the mortgaged vessels, pledges over certain bank accounts, as well as share pledges over the equity interests of each mortgaged vessel-owning subsidiary.</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 30, 2021, due to the sale of La Tour, the Company additionally repaid $<span id="xdx_902_eus-gaap--RepaymentsOfDebt_pn3n3_c20210101__20210630__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_zn39SDZNXFfj">5,831</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, and the vessel was released as collateral under the Company’s New Hayfin Credit Facility. On June 16, 2022, the Company used a portion of the proceeds from the private placement for the full prepayment of the remaining outstanding balance $<span id="xdx_901_eus-gaap--RepaymentsOfDebt_pn3n3_c20220101__20220616__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_zuiT0axQvx95">197,569 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus a prepayment fee of $<span id="xdx_90F_ecustom--FeesOnRepaymentsOfDebt_pn3n3_c20220101__20220616__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_zLBjyMmcNxPi">11,229</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the outstanding balance of this facility was $nil. <span id="xdx_90E_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementIMember_z1VgZilqveze" style="display: none">0</span></span> </p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>o) Redemption of 8.00% Senior Unsecured Notes due 2024</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On November 19, 2019, the Company completed the sale of $<span id="xdx_907_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20191119__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member_zdmVNF8gCeyi">27,500</span> aggregate principal amount of its <span id="xdx_90C_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_dp_uPure_c20231231__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member_z3xchszbPDk3">8.00</span>% Senior Unsecured Notes (the “2024 Notes”) which matured on <span id="xdx_90B_eus-gaap--DebtInstrumentMaturityDate_dd_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member_zmNKphjygPcj">December 31, 2024</span>. On November 27, 2019, the Company sold an additional $<span id="xdx_902_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20191127__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member_zhskAqz8mDGe">4,125</span> of 2024 Notes, pursuant the underwriter’s option to purchase such additional 2024 Notes. Interest on the 2024 Notes was payable on the last day of February, May, August and November of each year commencing on <span id="xdx_90F_eus-gaap--DebtInstrumentDateOfFirstRequiredPayment1_dd_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member_zt1IqpS66pr5">February 29, 2020</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: red"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company had the option to redeem the 2024 Notes for cash, in whole or in part, at any time (i) on or after December 31, 2021 and prior to December 31, 2022, at a price equal to <span id="xdx_90D_eus-gaap--DebtInstrumentRedemptionPricePercentage_dp_uPure_c20230101__20231231__srt--StatementScenarioAxis__custom--OnorafterDecember312021andpriortoDecember312022Member__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member_zflynJSkxcT4">102</span>% of the principal amount, (ii) on or after December 31, 2022 and prior to December 31, 2023, at a price equal to <span id="xdx_906_eus-gaap--DebtInstrumentRedemptionPricePercentage_dp_uPure_c20230101__20231231__srt--StatementScenarioAxis__custom--OnorafterDecember312022andpriortoDecember312023Member__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member_zy64Mo9MnLh6">101</span>% of the principal amount and (iii) on or after December 31, 2023 and prior to maturity, at a price equal to <span id="xdx_902_eus-gaap--DebtInstrumentRedemptionPricePercentage_dp_uPure_c20230101__20231231__srt--StatementScenarioAxis__custom--OnorafterDecember312023andpriortomaturityMember__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member_zyBnvr3R24fc">100</span>% of the principal amount.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On November 27, 2019, the Company entered into an “At Market Issuance Sales Agreement” with B. Riley FBR, Inc. (the “Agent”) under which and in accordance with the Company’s instructions, the Agent could offer and sell from time to time newly issued 2024 Notes.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In July 2021, the Company agreed to purchase the Twelve Vessels for an aggregate purchase price of $<span id="xdx_90C_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20210101__20210731__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwelveVesselsIMember_z1iyLt7dJ0z4">233,890</span>, part of which was financed by the issuance of $<span id="xdx_909_eus-gaap--ProceedsFromIssuanceOfRedeemablePreferredStock_pn3n3_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwelveVesselsIMember_zDZpixpPqnoi" title="Net proceeds from issuance">35,000</span> 2024 Notes to the sellers. The remaining purchase price was financed by cash on hand and a new syndicated credit facility for a total of $<span id="xdx_90B_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20230101__20230731__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinMember_zV5PN4S0bWV1">140,000</span> (see note 12e).</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 5, 2022, the Company completed the partial redemption of $<span id="xdx_90F_eus-gaap--DebtInstrumentRepurchasedFaceAmount_iI_pn3n3_c20220405__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member__srt--StatementScenarioAxis__custom--RedeemedNotesMember_zfWoqum3sFqk">28,500</span> aggregate principal amount of the Notes (the “Redeemed Notes”) at a redemption price equal to <span id="xdx_90B_eus-gaap--DebtInstrumentRedemptionPricePercentage_dp_uPure_c20220101__20220405__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member__srt--StatementScenarioAxis__custom--RedeemedNotesMember_zD0PpILnJt7b">102.00</span>% of the principal amount thereof plus accrued and unpaid interest. Upon completion of the redemption the outstanding aggregate principal amount of the 2024 Notes was $<span id="xdx_905_eus-gaap--NotesPayableFairValueDisclosure_iI_pn3n3_c20220405__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member_z9IcNPEKEAc1">89,020</span>. On July 15, 2022, the 2024 Notes were fully repaid by the Company using a portion of the net proceeds from the private placement of $350,000 aggregate principal amount of its 2027 Secured Notes, pursuant to a note purchase agreement, dated June 14, 2022. Total loss on redemption was $<span id="xdx_902_eus-gaap--GainLossOnRepurchaseOfDebtInstrument_pn3n3_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member__srt--StatementScenarioAxis__custom--RedeemedNotesMember_z96kIyoc5HQk" title="Loss of partial redemption amount">2,350</span> and was recorded within the Consolidated Statements of Income for the year ended December 31, 2022, in line “Interest and other finance expenses”.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the outstanding aggregate principal amount of the 2024 notes was $nil. <span id="xdx_907_eus-gaap--NotesPayableFairValueDisclosure_iI_pn3n3_c20231231__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member_zFBJggOjnG0c" style="display: none">0</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> | |
CY2023 | gsl |
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<p id="xdx_803_ecustom--LongTermDebtTextBlock3_zHwWPBETXIu7" style="font: 12pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12. Long-Term Debt (continued) <span id="xdx_82A_z7Xi8Z56OXAf" style="display: none">Long-Term Debt (Narrative IV)</span></b></span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>p) $38.5 Million Blue Ocean Junior Credit Facility</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_905_ecustom--LineOfCreditFacilityInitiationDate3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--BlueOceanJuniorCreditFacilityIMember_z0ToFby6tirk">September 19, 2019</span>, the Company entered into a refinancing agreement with Blue Ocean Income Fund LP, Blue Ocean Onshore Fund LP, and Blue Ocean Investments SPC Blue, holders of the outstanding debt of $<span id="xdx_90F_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190923__us-gaap--LineOfCreditFacilityAxis__custom--BlueOceanJuniorCreditFacilityIMember_zKXFXrm34xzi">38,500</span> relevant to the previous Blue Ocean Credit Facility <span id="xdx_900_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--BlueOceanJuniorCreditFacilityIMember_z17L18RGyqT8">in order to refinance that existing facility with the only substantive change being to extend maturity at the same date with the Syndicated Senior Secured Credit Facility</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company fully drew down the facility on September 23, 2019, and it was scheduled to be repaid in a single instalment on the termination date which fell on <span id="xdx_90D_eus-gaap--LineOfCreditFacilityExpirationDate1_dd_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--BlueOceanJuniorCreditFacilityIMember_zG55AT1KVH3">September 24, 2024</span>. This facility bore interest at <span id="xdx_902_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_dp_uPure_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--BlueOceanJuniorCreditFacilityIMember_zayWxnMt0SH8">10.00</span>% per annum. <span id="xdx_902_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--BlueOceanJuniorCreditFacilityIMember_zhjVUgpUiuf2" style="display: none">1</span></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2021, the Company used a portion of the net proceeds from the at-the-market issuance programs to prepay an amount of $<span id="xdx_905_eus-gaap--RepaymentsOfDebt_pn3n3_c20210101__20211231__us-gaap--LineOfCreditFacilityAxis__custom--BlueOceanJuniorCreditFacilityIMember_zoxZmyO1c9Ke">12,295 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">under this facility plus a prepayment fee of $<span id="xdx_901_ecustom--FeesOnRepaymentsOfDebt_pn3n3_c20210101__20211231__us-gaap--LineOfCreditFacilityAxis__custom--BlueOceanJuniorCreditFacilityIMember_zzGDYLxRL846">1,618</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 19, 2022, the Company used a portion of the net proceeds from the new facility agreement entered on December 30, 2021, with E.SUN, MICB, Cathay, Taishin, to fully prepay the amount of $<span id="xdx_901_eus-gaap--RepaymentsOfDebt_pn3n3_c20220101__20220119__us-gaap--LineOfCreditFacilityAxis__custom--BlueOceanJuniorCreditFacilityIMember_zcrLR4Zx5Asc">26,205</span> under this facility, plus a prepayment fee of $<span id="xdx_902_ecustom--FeesOnRepaymentsOfDebt_pn3n3_c20220101__20220119__us-gaap--LineOfCreditFacilityAxis__custom--BlueOceanJuniorCreditFacilityIMember_zh8YBg3gRLqk">3,968</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the outstanding balance of this facility was $nil. <span id="xdx_90C_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--BlueOceanJuniorCreditFacilityIMember_zkZMSVYoS3d5" style="display: none">0</span></span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>q) $59.0 Million Hellenic Bank Credit Facility</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 23, 2019, the Company via its subsidiaries, Global Ship Lease 30, 31 and 32 entered into a facility agreement with Hellenic Bank for an amount up to $<span id="xdx_90F_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20190523__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember_zvBdoiviA8J4">37,000</span>. Borrowings under the Hellenic Bank Facility were available in tranches and <span id="xdx_90C_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember_zWzJICEKoFi">were used in connection with the acquisition of the vessels GSL Eleni, GSL Grania and GSL Kalliopi</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">An initial tranche of $<span id="xdx_909_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190524__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheAMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLEleniMember_zPK97HE89q54">13,000</span> was drawn on May 24, 2019, in connection with the acquisition of the GSL Eleni. The Facility was repayable in <span id="xdx_903_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheAMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLEleniMember_zrnb8JulB9I4">20</span> equal <span id="xdx_903_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheAMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLEleniMember_zgSJFU1E5Xl2">quarterly</span> instalments of $<span id="xdx_909_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheAMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLEleniMember_zrDEcU0mIgs9">450</span> each with a final balloon of $<span id="xdx_90B_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheAMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLEleniMember_ziy0YoaRslaf">4,000</span> payable together with the final instalment.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A second tranche of $<span id="xdx_90C_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190904__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheBMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLGraniaMember_zYEUHvTsHb97">12,000</span> was drawn on September 4, 2019, in connection with the acquisition of GSL Grania. The Facility was repayable in <span id="xdx_908_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheBMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLGraniaMember_zjSHXgPyrMxi">20</span> equal <span id="xdx_908_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheBMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLGraniaMember_zemS0IlJLp37">quarterly</span> instalments of $<span id="xdx_905_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheBMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLGraniaMember_zRkxIxaqkW54">400</span> each with a final balloon of $<span id="xdx_900_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheBMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLGraniaMember_zSLdLN82XQu9">4,000</span> payable together with the final instalment.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The third tranche of $<span id="xdx_90E_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20191003__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheCMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLKalliopiMember_zwt8ZG0v3ip">12,000</span> was drawn on October 3, 2019, in connection with the acquisition of GSL Kalliopi. The Facility was repayable in <span id="xdx_90A_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheCMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLKalliopiMember_zgESAz2n0J3f">20</span> equal <span id="xdx_90E_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheCMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLKalliopiMember_zI4XAu6Gu7p6">quarterly</span> instalments of $<span id="xdx_90F_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheCMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLKalliopiMember_ztqArlK5nYr7">400</span> each with a final balloon of $<span id="xdx_906_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--TrancheCMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GSLKalliopiMember_zgCQrHLa2y3g">4,000</span> payable together with the final instalment.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_905_ecustom--LineOfCreditFacilityInitiationDate2_dd_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--AmendedandrestatedloanagreementMember_zefNiz2bSAn8">December 10, 2019</span>, the Company via its subsidiaries Global Ship Lease 33 and 34 entered into an amended and restated loan agreement with Hellenic Bank for an additional facility of amount $<span id="xdx_90B_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20191210__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--AmendedandrestatedloanagreementMember_z1ZeQWysgIp7">22,000</span> that was to be borrowed in <span id="xdx_901_ecustom--NumberLoanTranches_dc_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--AmendedandrestatedloanagreementMember_zJe7rG0r9QJ8">two</span> tranches and <span id="xdx_901_ecustom--CreditFacilityDescriptionOfScope_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--AmendedandrestatedloanagreementMember_zvHWvzzJozO">to be used in connection with the acquisition of the vessels GSL Vinia and GSL Christel Elisabeth</span>. Both tranches were drawn on December 10, 2019, and were each repayable in <span id="xdx_907_ecustom--LineOfCreditFacilityNumberOfRepaymentInstalment_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--AmendedandrestatedloanagreementMember_zeHypzmYh8qh">20</span> equal <span id="xdx_90F_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--AmendedandrestatedloanagreementMember_zF0XrRiJOCp8">quarterly</span> instalments of $<span id="xdx_903_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--AmendedandrestatedloanagreementMember_zT4GmQImk6ha">375</span> each with a final balloon of $<span id="xdx_905_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--AmendedandrestatedloanagreementMember_zcvtShI6npA4">3,500</span> payable together with the final instalment.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">This facility bore interest at <span id="xdx_90E_eus-gaap--LineOfCreditFacilityInterestRateDescription_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--AmendedandrestatedloanagreementMember_zk33ZICZbyMc">LIBOR</span> plus a margin of <span id="xdx_902_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--AmendedandrestatedloanagreementMember_z4Kpn9JNkEed">3.90</span>% per annum.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_908_ecustom--PrepaymentDate_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--AmendedandrestatedloanagreementMember_z5J1bt0rWB5f">June 24, 2022</span>, the Hellenic Bank credit Facility was fully prepaid by the Company using a portion of the net proceeds from the private placement of $350,000 aggregate principal amount of its 2027 Secured Notes, pursuant to a note purchase agreement, dated June 14, 2022.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the outstanding balance of this facility was $nil. <span id="xdx_90A_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20221231__us-gaap--LineOfCreditFacilityAxis__custom--HellenicSeniorSecuredCreditFacilityIMember__us-gaap--CreditFacilityAxis__custom--AmendedandrestatedloanagreementMember_z5gHPi7oqIh6" style="display: none">0</span></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: left"><b>12. Long-Term Debt (continued)</b></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: left"><b> </b></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: left"><b>r) 9.875% First Priority Secured Notes due 2022 </b></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_90A_eus-gaap--DebtInstrumentIssuanceDate1_dd_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zKwzNDJM4g2">October 31, 2017</span>, the Company completed the sale of $<span id="xdx_90D_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20231231__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zilPrvW03PU1">360,000</span> in aggregate principal amount of its <span id="xdx_90E_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_dp_uPure_c20231231__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zJTU7scp5sY4">9.875</span>% First Priority Secured Notes (the “2022 Notes”) which mature on <span id="xdx_90F_eus-gaap--DebtInstrumentMaturityDate_dd_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_z0L521lTshef">November 15, 2022</span>. Proceeds after the deduction of the original issue discount, but before expenses, amounted to $<span id="xdx_906_eus-gaap--ProceedsFromIssuanceOfSecuredDebt_pn3n3_c20170101__20171031__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zbK05eH5TuP4">356,400</span>. The original issue discount was being amortized on an effective interest rate basis over the life of the 2022 Notes. The 2022 Notes were fully redeemed in January 2021.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_eus-gaap--DebtInstrumentFrequencyOfPeriodicPayment_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zV85WpjxmnId">Interest on the 2022 Notes was payable semi-annually on May 15 and November 15 of each year</span>, commencing on <span id="xdx_90A_eus-gaap--DebtInstrumentDateOfFirstRequiredPayment1_dd_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zhSIc3X6oqq">May 15, 2018</span>. As at December 31, 2020 the 2022 Notes were secured by first priority vessel mortgages on <span id="xdx_907_ecustom--NumberOfVesselsOwned_uPure_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zdn1Dy8IwRta" title="Number of vessels secured to notes">16</span> of our vessels at that time and by assignments of earnings and insurances, pledges over certain bank accounts, as well as share pledges over each subsidiary owning a vessel securing the 2022 Notes. In addition, the 2022 Notes were fully and unconditionally guaranteed, jointly and severally, by the Company’s <span id="xdx_906_ecustom--NumberOfVesselsSecuredToNotes_uPure_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zkyjM4IOAGz5" title="Number of vessels owned">16</span> vessel owning subsidiaries as of December 31, 2020 and Global Ship Lease Services Limited.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 10, 2020, the Company completed an optional redemption of $<span id="xdx_901_eus-gaap--DebtInstrumentRepurchasedFaceAmount_iI_pn3n3_c20200210__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zsyfqAhQEjOa">46,000</span> aggregate principal amount of its 2022 Notes at a redemption price of $<span id="xdx_904_eus-gaap--DebtInstrumentRepurchaseAmount_iI_pn3n3_c20200210__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zp4CzidS6LCg">48,271</span> (representing <span id="xdx_90C_ecustom--DebtInstrumentRepurchasePricePercentage_dp_uPure_c20200101__20200210__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zu2Wb9QjGObe">104.938</span>% of the aggregate principal amount) plus accrued and unpaid interest. During the year ended December 31, 2020, the Company purchased $<span id="xdx_901_eus-gaap--DebtInstrumentRepurchasedFaceAmount_iI_pn3n3_c20201231__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zrnEPPQQwbC6">15,287</span> of aggregate principal amount of 2022 Notes in the open market at a weighted average price of <span id="xdx_90F_eus-gaap--DebtInstrumentRedemptionPricePercentage_dp_uPure_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_z6iPnLliXOj9">98.98</span>% of the aggregate principal amount.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 20, 2021, the Company optionally redeemed, in full, $<span id="xdx_909_eus-gaap--DebtInstrumentRepurchasedFaceAmount_iI_pn3n3_c20210120__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zJR5oiORHyxd">233,436</span> aggregate principal amount of 2022 Notes, representing the entire outstanding amount under the 2022 Notes, using the proceeds the Company received from the New Hayfin Credit Facility, see note 12n above, and cash on hand, at a redemption price of $<span id="xdx_90B_eus-gaap--DebtInstrumentRepurchaseAmount_iI_pn3n3_c20210120__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zubhxGFHUhm1">239,200</span> (representing <span id="xdx_909_eus-gaap--DebtInstrumentRedemptionPricePercentage_dp_uPure_c20200101__20210120__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zPQiJ5fYPQ67">102.469</span>% of the aggregate principal amount of notes redeemed) plus accrued and unpaid interest. Total loss on extinguishment of the bonds was $<span id="xdx_90E_eus-gaap--GainsLossesOnExtinguishmentOfDebt_pn3n3_c20210101__20211231__us-gaap--DebtInstrumentAxis__custom--NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_zbh4hxcHmx17">10,642</span> and is recorded within the Consolidated Statements of Income for the year ended December 31, 2021, as interest and other finance expenses.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>s) Repayment Schedule</b></span></p> <p style="margin-top: 0; margin-bottom: 0"></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 6.6pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maturities of long-term debt for the years subsequent to December 31, 2023, are as follows:</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 6.6pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p><p id="xdx_89E_eus-gaap--ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_zzviefedOHgg" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B4_z82J5mq4RIJ" style="display: none">Long-Term Debt - Repayment Schedule (Table)</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; width: 88%"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; width: 2%"> </td> <td id="xdx_49B_20231231_z4KqznI9Tgbk" style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; width: 10%"> </td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-size: 10pt"><b>Payment due by year ended</b></span></td> <td colspan="2" style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-size: 10pt"><b>Amount</b></span></td></tr> <tr id="xdx_40E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_iI_pn3n3_maTlongtermdebt_zqrUQ3wIKkIf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-size: 10pt">December 31, 2024</span></td> <td style="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-size: 10pt"> </span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-size: 10pt">193,252</span></td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_iI_pn3n3_maTlongtermdebt_zWbfZAmY8Dsc" style="vertical-align: bottom; background-color: White"> <td style="padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-size: 10pt">December 31, 2025</span></td> <td style="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-size: 10pt"> </span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-size: 10pt">144,587</span></td></tr> <tr id="xdx_40B_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_iI_pn3n3_maTlongtermdebt_zGG8ecO2V1tg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-size: 10pt">December 31, 2026</span></td> <td style="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-size: 10pt"> </span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-size: 10pt">300,858</span></td></tr> <tr id="xdx_405_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour_iI_pn3n3_maTlongtermdebt_zGTiWO9SZ7xh" style="vertical-align: bottom; background-color: White"> <td style="padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-size: 10pt">December 31, 2027</span></td> <td style="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-size: 10pt"> </span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-size: 10pt">162,719</span></td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive_iI_pn3n3_maTlongtermdebt_zYCmroEYbyta" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-size: 10pt">December 31, 2028</span></td> <td style="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-size: 10pt"> </span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-size: 10pt">21,762</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-size: 10pt"> </span></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: left; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-size: 10pt"><b>$</b></span></td> <td id="xdx_98A_eus-gaap--LongTermDebt_iTI_pn3n3_mtTlongtermdebt_c20231231_zcfx6dOBLwFa" style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Total"><span style="font-size: 10pt"><b>823,178</b></span></td></tr> </table> <p id="xdx_8AD_zrYSXj0nWpvb" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 6.6pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>t) Deferred Financing Costs</b></span> </p> <p id="xdx_894_ecustom--ScheduleOfDeferredFinancingCostsTableTextBlock_zYgvWAlrDkVd" style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B8_ztL4jIeiz0Pg" style="display: none">Long-Term Debt - Schedule of Deferred Financing Costs (Table)</span> </span></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td id="xdx_49B_20230101__20231231_zp4SPY0xUIi9" style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td id="xdx_49F_20220101__20221231_zHXr3fXoeZci" style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr> <tr> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2023</b></span></p></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></p></td></tr> <tr id="xdx_40F_eus-gaap--DeferredFinanceCostsNet_iS_pn3n3_zpBJ7gjYb1f4" style="background-color: #CCECFF"> <td style="vertical-align: top; width: 77%; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Opening balance</span></td> <td style="vertical-align: top; width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>$</b></span></td> <td style="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">15,136</span></td> <td style="vertical-align: top; width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="vertical-align: top; width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>$</b></span></td> <td style="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">16,714</span></td></tr> <tr id="xdx_401_ecustom--AdditionalDeferredFinancingCosts_pn3n3_zStNGomTzXLe" style="background-color: white"> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expenditure in the period</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,140</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">9,655</span></td></tr> <tr id="xdx_40F_eus-gaap--AmortizationOfFinancingCostsAndDiscounts_pn3n3_zE2ibalp6NQ6" style="background-color: #CCECFF"> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amortization included within interest expense</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5,526)</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(11,233)</span></td></tr> <tr id="xdx_40F_eus-gaap--DeferredFinanceCostsNet_iE_pn3n3_z9ZSTeq3CQyi" style="background-color: white"> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Closing balance</b></span></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>$</b></span></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>10,750</b></span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>$</b></span></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>15,136</b></span></td></tr> </table> <p id="xdx_8AD_zHCngZ0SgZvh" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During 2023, total costs amounting to $<span id="xdx_907_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20230101__20231231__us-gaap--LineOfCreditFacilityAxis__custom--MacquarieCreditFacilityAMember_zl4fDq5swXUe" title="Fees and related costs deferred">1,140</span> were incurred in connection with the Macquarie Credit Facility (see note 12a).</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 12pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During 2022, total costs amounting to $<span id="xdx_90B_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20220101__20221231__us-gaap--LineOfCreditFacilityAxis__custom--SyndicatedSeniorSecuredCreditFacilityAMember_zlTvC0pAMLVc">1,066 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">were incurred in connection with the Syndicated Senior Secured Credit facility (see note 12j), $<span id="xdx_903_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20220101__20221231__us-gaap--LineOfCreditFacilityAxis__custom--E.SUNMICBCathayTaishinAMember_zUIhNLM3RR7g">1,180 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in connection with E.SUN, MICB, Cathay, Taishin credit facility (see note 12c) and $<span id="xdx_90B_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20220101__20221231__us-gaap--LongtermDebtTypeAxis__custom--SeniorSecuredNotes2027AMember_zfb8obNAKX9d">7,409 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in connection with the 2027 Secured Notes (see note 12b). </span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12. Long-Term Debt (continued)</b></span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>t) Deferred Financing Costs (continued)</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During 2021, total costs amounting to $<span id="xdx_90A_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20210101__20211231__us-gaap--DebtInstrumentAxis__custom--EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024AMember__us-gaap--LineOfCreditFacilityAxis__custom--AtMarketIssuanceSalesAgreementMember_ziBnxOQWZFta" title="Fees and related costs deferred">434</span> were incurred in connection with the “At Market Issuance Sales Agreement” of 2024 Notes (see note 12o). In addition, total costs amounting $<span id="xdx_904_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20210101__20211231__us-gaap--LineOfCreditFacilityAxis__custom--HayfinCapitalManagementAMember_z8NciVOPLjb7" title="Fees and related costs deferred">4,049</span> were incurred in connection with the New Hayfin Credit Facility (see note 12n), $<span id="xdx_90E_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20210101__20211231__us-gaap--LineOfCreditFacilityAxis__custom--DeutscheCreditFacilityAMember_zF7wYeyMqEE2" title="Fees and related costs deferred">777</span> in connection with the Deutsche Credit Facility (see note 12f), $<span id="xdx_905_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20210101__20211231__us-gaap--LineOfCreditFacilityAxis__custom--HCOBCreditFacilityAMember_zfQp5RM3uFUi" title="Fees and related costs deferred">1,386</span> in connection with the HCOB Credit Facility (see note 12g), $<span id="xdx_908_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20210101__20211231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionNeptuneMaritimeAMember_zbJBQsQoM081" title="Fees and related costs deferred">191</span> in connection with the Neptune sale and leaseback agreement (see note 12m), $<span id="xdx_909_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20210101__20211231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBBankSinopacCTBCCreditFacilityAMember_zc6EJ0unEWb6" title="Fees and related costs deferred">984</span> in connection with the CACIB, Bank Sinopac, CTBC Credit Facility (see note 12h), $<span id="xdx_901_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20210101__20211231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransactionCMBFLAMember_zby1wvZWGrT1" title="Fees and related costs deferred">945</span> in connection with the CMBFL sale and lease back agreement (see note 12l), $<span id="xdx_90F_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20210101__20211231__us-gaap--LineOfCreditFacilityAxis__custom--SinopacCreditFacilityAMember_z0esDfqgbdz5" title="Fees and related costs deferred">252</span> in connection with the Sinopac Credit Facility (see note 12d), $<span id="xdx_90B_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20210101__20211231__us-gaap--LineOfCreditFacilityAxis__custom--CACIBHCOBESUNCTBCTaishinAMember_zJ1hB25TNth6" title="Fees and related costs deferred">2,852</span> in connection with the HCOB, CACIB Credit Facility (see note 12e) for financing the acquisition of the Twelve Vessels and $<span id="xdx_90A_ecustom--AdditionalDeferredFinancingCosts_pn3n3_c20210101__20211231__us-gaap--LineOfCreditFacilityAxis__custom--SaleLeasebackAgreementsCMBFLAMember_zxmqd20jTLw3" title="Fees and related costs deferred">1,920</span> in connection with the Sale and Leaseback agreements with CMBFL for the Four Vessels (see note 12k) that were drawn down during the year ended December 31, 2021.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the years ended December 31, 2023, 2022 and 2021, the Company recognized a total of $<span id="xdx_900_eus-gaap--AmortizationOfFinancingCosts_pn3n3_c20230101__20231231_zYdzhZu42dnc">5,526</span>, $<span id="xdx_904_eus-gaap--AmortizationOfFinancingCosts_pn3n3_c20220101__20221231_zqYl4Ty7GbBg">11,233</span>, and $<span id="xdx_900_eus-gaap--AmortizationOfFinancingCosts_pn3n3_c20210101__20211231_zD2PCBUgq6h2">8,279</span>, respectively, in respect of amortization of deferred financing costs.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>u) Debt covenants-securities</b></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_eus-gaap--DebtInstrumentCovenantDescription_c20230101__20231231_zZKy8nrueF5h">Amounts drawn under the facilities listed above are secured by first priority mortgages on certain of the Company’s vessels and other collateral. The credit facilities contain a number of restrictive covenants that limit the Company from, among other things: incurring or guaranteeing indebtedness; charging, pledging or encumbering the vessels; and changing the flag, class, management or ownership of the vessel owning entities. The credit facilities also require the vessels to comply with the ISM Code and ISPS Code and to maintain valid safety management certificates and documents of compliance at all times. Additionally, specific credit facilities require compliance with a number of financial covenants including asset cover ratios and minimum liquidity and corporate guarantor requirements. Among other events, it will be an event of default under the credit facilities if the financial covenants are not complied with or remedied</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eus-gaap--DebtInstrumentCovenantCompliance_c20230101__20231231_zQKJrMMBG7T3">As of December 31, 2023, and December 31, 2022, the Company was in compliance with its debt covenants</span>.</span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> | |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
|
193252000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
|
144587000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
|
300858000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
|
162719000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
|
21762000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
823178000 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
15136000 | usd |
CY2021Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
16714000 | usd |
CY2023 | gsl |
Additional Deferred Financing Costs
AdditionalDeferredFinancingCosts
|
1140000 | usd |
CY2022 | gsl |
Additional Deferred Financing Costs
AdditionalDeferredFinancingCosts
|
9655000 | usd |
CY2023 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
-5526000 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
-11233000 | usd |
CY2023Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
10750000 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
15136000 | usd |
CY2023 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
5526000 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
11233000 | usd |
CY2021 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
8279000 | usd |
CY2023 | us-gaap |
Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
|
Amounts drawn under the facilities listed above are secured by first priority mortgages on certain of the Company’s vessels and other collateral. The credit facilities contain a number of restrictive covenants that limit the Company from, among other things: incurring or guaranteeing indebtedness; charging, pledging or encumbering the vessels; and changing the flag, class, management or ownership of the vessel owning entities. The credit facilities also require the vessels to comply with the ISM Code and ISPS Code and to maintain valid safety management certificates and documents of compliance at all times. Additionally, specific credit facilities require compliance with a number of financial covenants including asset cover ratios and minimum liquidity and corporate guarantor requirements. Among other events, it will be an event of default under the credit facilities if the financial covenants are not complied with or remedied | |
CY2023 | us-gaap |
Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
|
As of December 31, 2023, and December 31, 2022, the Company was in compliance with its debt covenants | |
CY2023 | gsl |
Broker Fee Commission Percentage
BrokerFeeCommissionPercentage
|
0.0100 | pure |
CY2023 | gsl |
Number Of Vessels Owned
NumberOfVesselsOwned
|
68 | pure |
CY2023 | gsl |
Schedule Of Future Minimum Rental Payments For Operating Leases Table Text Block1
ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock1
|
<p id="xdx_899_ecustom--ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock1_z5ycJDEigxzl" style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BE_zq3HFKjxCvmf" style="display: none">Commitments and Contingencies - Charter Hire Receivable (Table) </span></span></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td id="xdx_493_20231231_zTyVUkCF8vv" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; width: 89%; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Amount</b></span></td></tr> <tr id="xdx_40A_eus-gaap--FinanceLeaseLiabilityPaymentsDueNextTwelveMonths_iI_pn3n3_matminimumlease_zFW3SlBIlzY7" style="vertical-align: bottom; background-color: #CCECFF"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">December 31, 2024</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">613,536</span></td></tr> <tr id="xdx_40B_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearTwo_iI_pn3n3_matminimumlease_zbhPA0vrYxMk" style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">December 31, 2025</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">381,601</span></td></tr> <tr id="xdx_40D_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearThree_iI_pn3n3_matminimumlease_zgR4RsV0wqX1" style="vertical-align: bottom; background-color: #CCECFF"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">December 31, 2026</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">267,162</span></td></tr> <tr id="xdx_404_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearFour_iI_pn3n3_matminimumlease_zrBJKnZ6pEff" style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">December 31, 2027</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">196,577</span></td></tr> <tr id="xdx_40E_eus-gaap--FinanceLeaseLiabilityPaymentsDueAfterYearFive_iI_pn3n3_matminimumlease_zy5uN370bD4e" style="vertical-align: bottom; background-color: #CCECFF"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Thereafter</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">130,783</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total minimum lease revenue, net of address commissions </b></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>$</b></span></td> <td id="xdx_98B_eus-gaap--FinanceLeaseLiabilityPaymentsDue_iTI_pn3n3_mttminimumlease_c20231231_zHdY5MURNG33" style="border-top: Black 0.5pt solid; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Total minimum lease revenue, net of address commissions"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1,589,659</b></span></td></tr> </table> | |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
613536000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
381601000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
267162000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
196577000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
130783000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
1589659000 | usd |
CY2023Q4 | gsl |
Number Of Classes Of Common Stock
NumberOfClassesOfCommonStock
|
1 | pure |
CY2022 | gsl |
Stock Issued During Period Offering Cost
StockIssuedDuringPeriodOfferingCost
|
300000 | usd |
CY2023 | gsl |
Stock Issued During Period Offering Cost
StockIssuedDuringPeriodOfferingCost
|
0 | usd |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
2111988 | shares |
CY2023Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
152598 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
22.35 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
22.35 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
22.35 | |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10189000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10104000 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3510000 | usd |
CY2023 | gsl |
Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
|
294964000 | usd |
CY2022 | gsl |
Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
|
283389000 | usd |
CY2021 | gsl |
Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
|
163232000 | usd |