2023 Q4 Form 20-F Financial Statement

#000114036124017470 Filed on April 03, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $39.43M $110.2M
YoY Change 38.21% -11.83%
Cost Of Revenue $11.66M $45.11M
YoY Change -0.22% -5.71%
Gross Profit $27.77M $65.12M
YoY Change 64.89% -15.62%
Gross Profit Margin 70.42% 59.08%
Selling, General & Admin $5.529M $22.85M
YoY Change 18.67% 21.67%
% of Gross Profit 19.91% 35.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.386M $24.68M
YoY Change -54.86% -12.8%
% of Gross Profit 12.19% 37.89%
Operating Expenses $13.07M $51.68M
YoY Change 7.48% 9.78%
Operating Profit $14.70M $13.44M
YoY Change 214.08% -55.34%
Interest Expense -$3.721M -$18.35M
YoY Change -7.78% 27.56%
% of Operating Profit -25.32% -136.52%
Other Income/Expense, Net -$146.0K -$362.0K
YoY Change 0.69% -2111.11%
Pretax Income $10.83M $2.282M
YoY Change 2096.55% -86.76%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $10.87M $2.211M
YoY Change 2105.27% -87.17%
Net Earnings / Revenue 27.57% 2.01%
Basic Earnings Per Share $0.12
Diluted Earnings Per Share $0.57 $0.12
COMMON SHARES
Basic Shares Outstanding 18.39M
Diluted Shares Outstanding 18.44M

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.38M $19.38M
YoY Change -40.33% -40.33%
Cash & Equivalents $24.93M $24.93M
Short-Term Investments
Other Short-Term Assets $2.944M $2.944M
YoY Change 173.86% -90.82%
Inventory $1.559M $1.559M
Prepaid Expenses $1.238M
Receivables $896.0K $896.0K
Other Receivables $308.0K $308.0K
Total Short-Term Assets $25.09M $25.09M
YoY Change -22.76% -22.76%
LONG-TERM ASSETS
Property, Plant & Equipment $440.9M $440.9M
YoY Change -8.37% -8.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.93M $11.93M
YoY Change 42492.86% -29.48%
Total Long-Term Assets $452.8M $452.8M
YoY Change -5.89% -5.89%
TOTAL ASSETS
Total Short-Term Assets $25.09M $25.09M
Total Long-Term Assets $452.8M $452.8M
Total Assets $477.9M $477.9M
YoY Change -6.96% -6.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.489M $5.489M
YoY Change -29.86% -29.86%
Accrued Expenses $7.841M $7.841M
YoY Change -6.36% -7.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $53.56M $53.56M
YoY Change 52.8% 16.72%
Total Short-Term Liabilities $69.52M $69.52M
YoY Change -26.56% -26.56%
LONG-TERM LIABILITIES
Long-Term Debt $179.0M $179.0M
YoY Change -29.99% -29.99%
Other Long-Term Liabilities $907.0K $907.0K
YoY Change -97.49% -97.49%
Total Long-Term Liabilities $179.9M $179.9M
YoY Change -38.36% -38.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.52M $69.52M
Total Long-Term Liabilities $179.9M $179.9M
Total Liabilities $249.4M $249.4M
YoY Change -14.55% -14.55%
SHAREHOLDERS EQUITY
Retained Earnings -$361.7M
YoY Change -0.09%
Common Stock $2.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $228.4M $228.4M
YoY Change
Total Liabilities & Shareholders Equity $477.9M $477.9M
YoY Change -6.96% -6.96%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $10.87M $2.211M
YoY Change 2105.27% -87.17%
Depreciation, Depletion And Amortization $3.386M $24.68M
YoY Change -54.86% -12.8%
Cash From Operating Activities $20.27M $31.32M
YoY Change 145.85% -15.99%
INVESTING ACTIVITIES
Capital Expenditures $170.0K $490.0K
YoY Change -99.47% -99.3%
Acquisitions
YoY Change
Other Investing Activities -$3.505M $18.24M
YoY Change -115.35% 28.52%
Cash From Investing Activities -$3.665M $17.75M
YoY Change -59.1% -131.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$92.00K -$2.502M
YoY Change -3674.29%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.72M -56.62M
YoY Change -279.9% -1071.47%
NET CHANGE
Cash From Operating Activities 20.27M 31.32M
Cash From Investing Activities -3.665M 17.75M
Cash From Financing Activities -13.72M -56.62M
Net Change In Cash 2.891M -7.549M
YoY Change -58.17% -42.59%
FREE CASH FLOW
Cash From Operating Activities $20.27M $31.32M
Capital Expenditures $170.0K $490.0K
Free Cash Flow $20.10M $30.83M
YoY Change -185.4% -192.97%

Facts In Submission

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<div> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"> <tr style="vertical-align: top;"> <td style="vertical-align: top; width: 36pt;"> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;">(d)</span></div> </td> <td style="align: left; vertical-align: top; width: auto;"> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;">Concentration of Credit Risk</span></div> </td> </tr> </table> </div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br/> </div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist principally of cash and cash equivalents and trade accounts receivable. The Company places its cash and cash equivalents, consisting mostly of deposits, with high credit qualified financial institutions. The Company performs periodic evaluations of the relative credit standing of the financial institutions in which it places its deposits. The Company limits its credit risk with accounts receivable by performing ongoing credit evaluations of the financial condition of its customers, receives charter hires in advance and generally does not require collateral for its accounts receivable.</div>
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CY2023 dei Entity Registrant Name
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SEANERGY MARITIME HOLDINGS CORP.
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154 Vouliagmenis Avenue
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166 74
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Glyfada
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Deloitte Certified Public Accountants S.A.
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Athens, Greece
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Ernst & Young (Hellas) Certified Auditors Accountants S.A.
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NatureOfOperations
<div> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"> <tr style="vertical-align: top;"> <td style="vertical-align: top; width: 36pt;"> <div style="text-align: justify;"><span style="color: #000000;">1.</span></div> </td> <td style="align: left; vertical-align: top; width: auto;"> <div style="text-align: justify;"><span style="color: #000000;">Basis of Presentation and General Information:</span></div> </td> </tr> </table> </div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;"> </div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) was formed under the laws of the Republic of the Marshall Islands on January 4, 2008, with executive offices located in Glyfada, Greece. The Company provides global transportation solutions in the dry bulk shipping sector through its subsidiaries.</div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;"> </div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">The accompanying consolidated financial statements include the accounts of Seanergy Maritime Holdings Corp. and its subsidiaries (collectively, the “Company” or “Seanergy”).</div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;"> <br/> </div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">On January 20, 2022, United Maritime Corporation (“United”) was incorporated by Seanergy (the “Parent”), under the laws of the Republic of the Marshall Islands to serve as the holding company of the vessel-owning subsidiary of the <span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Gloriuship</span> (“United Maritime Predecessor” or the “Predecessor”) upon effectiveness of the Spin-Off (described below). On July 5, 2022, the Company  completed the spin-off of its wholly-owned subsidiary, United. United’s shares commenced trading on the Nasdaq Capital Market on July 6, 2022 under the symbol “USEA” (Note 3).</div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br/> </div> <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">On February 16, 2023, the Company’s common stock began trading on a split-adjusted basis, following the approval from the Company’s board of directors on February 9, 2023 to reverse split the Company’s common stock at a ratio<span style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; display: inline ! important; float: none;"> of <span style="-sec-ix-hidden:Fact_e47aa752908543059b0a96aa5deeafea">one-for-ten</span> (Note 12). All share and per share amounts disclosed in the consolidated financial statements and notes give effect to this reverse stock split retroactively, for all periods presented. No fractional shares were issued in connection with the reverse split. Shareholders who would otherwise hold a fractional share of the Company’s common stock received a cash payment in lieu of such fractional share</span>.</div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> <br/> </div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">At December 31, 2023, the Company had a working capital deficit of $<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">44,430</span>, which includes an amount of $<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,136</span> relating to pre-collected revenue and is included in deferred revenue in the accompanying consolidated balance sheets. This amount represents current liabilities that do not require future cash settlement. The working capital deficit is mainly attributable to the repayments due under the long-term debt, the other financial liabilities and the finance lease liabilities. For the year ended December 31, 2023, the Company realized a net income of $<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,282</span> and generated cash flow from operations of $<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">31,323</span>. The Company is currently evaluating financing alternatives to finance the future commitments (Note 17) and the purchase option under its finance lease liability and has a signed term-sheet with one existing financier for one out of the two future commitments. The Company considered the terms in the signed term sheet with the financier mentioned above, the amount of time that the Company has available to finance the other future commitment and the finance lease liability, the current market conditions and market outlook, management’s network of lenders and financiers and the past history of successful financing. Based on the above, the Company believes it has the ability to finance its existing obligations and future commitments to acquire vessels as they come due via cash from operations and financing options and thus continue as a going concern over the next twelve months following the date of the issuance of these consolidated financial statements.</div> <div><br/> </div> <div style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: justify;">Consequently, the consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;">a.</span>           <span style="color: #000000;">Subsidiaries in Consolidation:</span></div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;"> </div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">Seanergy’s subsidiaries included in these consolidated financial statements:</div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;"> </div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;"> <table border="0" cellpadding="0" cellspacing="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;"> <tr> <td style="width: 36.03%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);"> <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Company</div> </td> <td style="width: 1.11%; vertical-align: bottom;"> </td> <td style="width: 14.98%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);"> <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Country of</div> <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Incorporation</div> </td> <td style="width: 0.91%; vertical-align: bottom;"> </td> <td style="width: 14.98%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);"> <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Vessel name</div> </td> <td style="width: 1.11%; vertical-align: bottom;"> </td> <td style="width: 15.08%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);"> <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Date of Delivery</div> </td> <td style="width: 1.11%; vertical-align: bottom;"> </td> <td style="width: 14.57%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);"> <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Date of</div> <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Sale/Disposal</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Seanergy Management Corp. (1)(2)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.57%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Seanergy Shipmanagement Corp. (1)(2)</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 15.08%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.57%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Emperor Holding Ltd. (1)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.57%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Pembroke Chartering Services Limited (1)(3)(4)</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Malta</div> </td> <td style="width: 0.91%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 15.08%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.57%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Sea Genius Shipping Co. (1)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Geniuship</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">October 13, 2015</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.57%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td rowspan="1" style="width: 36.03%; vertical-align: top;">Sea Glorius Shipping Co. (6)</td> <td rowspan="1" style="width: 1.11%; vertical-align: top;"> </td> <td rowspan="1" style="width: 14.98%; vertical-align: top;">Marshall Islands</td> <td rowspan="1" style="width: 0.91%; vertical-align: top;"> </td> <td rowspan="1" style="width: 14.98%; vertical-align: top; font-style: italic;">Gloriuship</td> <td rowspan="1" style="width: 1.11%; vertical-align: top;"> </td> <td rowspan="1" style="width: 15.08%; vertical-align: top; white-space: nowrap;">November 3, 2015</td> <td rowspan="1" style="width: 1.11%; vertical-align: top;"> </td> <td rowspan="1" style="width: 14.57%; vertical-align: top;">July 5, 2022</td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Premier Marine Co. (1)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Premiership</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">September 11, 2015</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.57%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Squire Ocean Navigation Co. (1)</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Liberia</div> </td> <td style="width: 0.91%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Squireship</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 15.08%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">November 10, 2015</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.57%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Lord Ocean Navigation Co. (1)(5)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Liberia</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Lordship</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">November 30, 2016</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.57%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">April 28, 2023</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Champion Marine Co. (1)</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Championship</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 15.08%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">November 7, 2018</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.57%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Fellow Shipping Co. (1)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Fellowship</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">November 22, 2018</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.57%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Friend Ocean Navigation Co. (1)</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Liberia</div> </td> <td style="width: 0.91%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Friendship</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 15.08%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">July 27, 2021</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.57%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">World Shipping Co. (1)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Worldship</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">August 30, 2021</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.57%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Duke Shipping Co. (1)</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Dukeship</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 15.08%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">November 26, 2021</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.57%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Partner Marine Co. (1)(5)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Partnership</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">March 9, 2022</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.57%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Honor Shipping Co. (1)</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Honorship</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 15.08%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">June 27, 2022</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.57%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Paros Ocean Navigation Co. (1)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Liberia</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Paroship</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">December 27, 2022</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.57%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Knight Ocean Navigation Co. (1)(5)</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Liberia</div> </td> <td style="width: 0.91%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Knightship</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 15.08%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">December 13, 2016</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.57%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">April 6, 2023</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Flag Marine Co. (1)(5)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Flagship</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">May 6, 2021</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.57%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">May 11, 2021</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Hellas Ocean Navigation Co. (1)(5)</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Liberia</div> </td> <td style="width: 0.91%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Hellasship</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 15.08%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">May 6, 2021</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.57%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">June 28, 2021</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Patriot Shipping Co. (1)(5)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Patriotship</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">June 1, 2021</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.57%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">June 28, 2021</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Good Ocean Navigation Co. (1)(4)(Note 6)</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Liberia</div> </td> <td style="width: 0.91%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Goodship</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 15.08%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">August 7, 2020</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.57%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">February 10, 2023</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Traders Shipping Co. (1)(4)(Note 6)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Tradership</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">June 9, 2021</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="background-color: #CCEEFF; vertical-align: top; white-space: nowrap; width: 14.57%;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">February 28, 2023</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Gladiator Shipping Co. (1)(7)</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Marshall Islands</div> </td> <td style="width: 0.91%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 15.08%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.57%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Partner Shipping Co. Limited (1)(4)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Malta</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Partnership</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">May 31, 2017</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.57%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">March 9, 2022</div> </td> </tr> <tr> <td rowspan="1" style="width: 36.03%; vertical-align: top;">Titan Ocean Navigation Co. (1)(5)</td> <td rowspan="1" style="width: 1.11%; vertical-align: top;"> </td> <td rowspan="1" style="width: 14.98%; vertical-align: top; white-space: nowrap;">Liberia</td> <td rowspan="1" style="width: 0.91%; vertical-align: top;"> </td> <td rowspan="1" style="width: 14.98%; vertical-align: top; font-style: italic;">Titanship</td> <td rowspan="1" style="width: 1.11%; vertical-align: top; font-style: italic;"> </td> <td rowspan="1" style="width: 15.08%; vertical-align: top; font-style: normal; white-space: nowrap;">October 24, 2023</td> <td rowspan="1" style="width: 1.11%; vertical-align: top; font-style: normal;"> </td> <td rowspan="1" style="width: 14.57%; vertical-align: top; font-style: normal; white-space: nowrap;">N/A</td> </tr> <tr> <td style="width: 36.03%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Martinique International Corp. (1)(7)</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">British Virgin Islands</div> </td> <td style="width: 0.91%; vertical-align: top; background-color: rgb(204, 238, 255);"> </td> <td style="width: 14.98%; vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255); font-style: italic;"> </td> <td style="width: 15.08%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: normal;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top; background-color: rgb(204, 238, 255); font-style: normal;"> </td> <td style="width: 14.57%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: normal;">N/A</div> </td> </tr> <tr> <td style="width: 36.03%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Harbour Business International Corp. (1)(7)</div> </td> <td style="width: 1.11%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">British Virgin Islands</div> </td> <td style="width: 0.91%; vertical-align: top;"> </td> <td style="width: 14.98%; vertical-align: top;"> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top; font-style: italic;"> </td> <td style="width: 15.08%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: normal;">N/A</div> </td> <td style="width: 1.11%; vertical-align: top; font-style: normal;"> </td> <td style="width: 14.57%; vertical-align: top; white-space: nowrap;"> <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: normal;">N/A</div> </td> </tr> </table> </div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;"> <br/> </div> <div> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"> <tr style="vertical-align: top;"> <td style="vertical-align: top; width: 18pt;"> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;">(1)</span></div> </td> <td style="align: left; vertical-align: top; width: auto;"> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;">Subsidiaries wholly owned</span></div> </td> </tr> </table> </div> <div> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"> <tr style="vertical-align: top;"> <td style="vertical-align: top; width: 18pt;"> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;">(2)</span></div> </td> <td style="align: left; vertical-align: top; width: auto;"> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;">Management companies</span></div> </td> </tr> </table> </div> <div> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"> <tr style="vertical-align: top;"> <td style="vertical-align: top; width: 18pt;"> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;">(3)</span></div> </td> <td style="align: left; vertical-align: top; width: auto;"> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;">Chartering services company</span></div> </td> </tr> </table> </div> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"> <tr style="vertical-align: top;"> <td style="vertical-align: top; width: 18pt;"> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;">(4)</span></div> </td> <td style="align: left; vertical-align: top; width: auto;"> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;">Dormant companies</span></div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"> <tr style="vertical-align: top;"> <td style="vertical-align: top; width: 18pt;"> <div>(5)</div> </td> <td style="align: left; vertical-align: top; width: auto;"> <div>Bareboat charterers</div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"> <tr style="vertical-align: top;"> <td style="vertical-align: top; width: 18pt;"> <div>(6)</div> </td> <td style="align: left; vertical-align: top; width: auto;"> <div>Subsidiary and vessel contributed to United following the Spin-off on July 5, 2022</div> </td> </tr> </table> <div> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"> <tr style="vertical-align: top;"> <td style="vertical-align: top; width: 18pt;"> <div>(7)</div> </td> <td style="align: left; vertical-align: top; width: auto;"> <div>Dormant companies which no longer own a vessel since 2018</div> </td> </tr> </table> </div>
CY2023Q4 ship Working Capital
WorkingCapital
-44430000
CY2023Q4 us-gaap Deferred Income Current
DeferredIncomeCurrent
2136000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
2282000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
31323000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"> <tr style="vertical-align: top;"> <td style="vertical-align: top; width: 36pt;"> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;">(b)</span></div> </td> <td style="align: left; vertical-align: top; width: auto;"> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;">Use of Estimates</span></div> </td> </tr> </table> </div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br/> </div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">The preparation of 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. Significant items subject to such estimates could include evaluation of relationships with other entities to identify whether they are variable interest entities, determination of vessel useful lives, allocation of purchase price in a business combination, determination of vessels’ impairment and determination of goodwill impairment.</div>
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2023 ship Term Of Estimated Charter Rates Used To Determine Undiscounted Projected Operating Cash Flows
TermOfEstimatedCharterRatesUsedToDetermineUndiscountedProjectedOperatingCashFlows
P1Y
CY2023 ship Term Of Historical Charter Rates Used To Determine Undiscounted Projected Operating Cash Flows
TermOfHistoricalCharterRatesUsedToDetermineUndiscountedProjectedOperatingCashFlows
P10Y
CY2023 ship Number Of Vessels Evaluated For Impairment
NumberOfVesselsEvaluatedForImpairment
4
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121577000
CY2023 ship Number Of Vessels Evaluated For Impairment
NumberOfVesselsEvaluatedForImpairment
4
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
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OperatingLeaseImpairmentLoss
0
CY2023 ship Address Commissions
AddressCommissions
3869000
CY2022 ship Address Commissions
AddressCommissions
4554000
CY2023Q4 ship Number Of Vessel Owning Subsidiaries Registered In Malta
NumberOfVesselOwningSubsidiariesRegisteredInMalta
1
CY2023Q4 ship Minimum Stock Ownership Percentage Under Ownership Test
MinimumStockOwnershipPercentageUnderOwnershipTest
0.50
CY2023Q4 ship Minimum Stock Ownership Percentage Under Override Rule
MinimumStockOwnershipPercentageUnderOverrideRule
0.50
CY2023Q4 ship Minimum Stock Ownership Percentage For Individual Under Override Rule
MinimumStockOwnershipPercentageForIndividualUnderOverrideRule
0.05
CY2023Q4 ship Minimum Percentage Of Days Stock Owned During Taxable Year Under Override Rule
MinimumPercentageOfDaysStockOwnedDuringTaxableYearUnderOverrideRule
0.50
CY2023Q4 ship Minimum Stock Ownership Percentage For Individual Under Override Rule
MinimumStockOwnershipPercentageForIndividualUnderOverrideRule
0.05
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<div> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"> <tr style="vertical-align: top;"> <td style="vertical-align: top; width: 36pt;"> <div style="text-align: justify;"><span style="text-align: justify; font-weight: normal; color: rgb(0, 0, 0); font-size: 10pt;">(ae)</span></div> </td> <td style="align: left; vertical-align: top; width: auto;"> <div style="text-align: justify;"><span style="color: rgb(0, 0, 0); font-weight: normal; font-size: 10pt;">Derivatives </span>–<span style="color: rgb(0, 0, 0); font-weight: normal; font-size: 10pt;"> Forward Freight Agreements</span></div> </td> </tr> </table> <div> <br/> </div> </div> <div style="text-align: justify; color: #000000; font-weight: bold; font-family: 'Times New Roman'; font-size: 10pt;"> <span style="font-weight: normal;">From time to time, the Company may take positions in derivative instruments including forward freight agreements, or FFAs. Generally, FFAs and other derivative instruments may be used to hedge a vessel owner’s exposure to the charter market for a specified route and period of time. Upon settlement, if the contracted charter rate is less than the average of the rates for the specified route and time period, as reported by an identified index, the seller of the FFA is required to pay the buyer the settlement sum, being an amount equal to the difference between the contracted rate and the settlement rate, multiplied by the number of days in the specified period covered by the FFA. Conversely, if the contracted rate is greater than the settlement rate, the buyer is required to pay the seller the settlement sum. The FFAs are not intended to serve as an economic hedge for the Company’s vessels that are being chartered in the spot market, but are assumed across all dry bulk vessel sectors based on the Company’s views of the underlying markets and short-term outlook. The Company measures the fair value of all open positions at each reporting date on this basis (Level 1). There were no open positions as of December 31, 2023 and 2022. The Company’s FFAs do not qualify for hedge accounting and therefore gains or losses are recognized in the consolidated statements of income under “Gain on forward freight agreements, net” and in the consolidated statements of cash flows in changes in operating assets and liabilities.</span><br/> </div>
CY2022Q3 ship Number Of Third Party Valuations Obtained For Vessel
NumberOfThirdPartyValuationsObtainedForVessel
2
CY2022Q3 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
13728000
CY2022 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
2800000
CY2022Q4 ship Cost Of Vessel Contributed
CostOfVesselContributed
12902000
CY2022Q4 ship Spin Off Unamortized Deferred Charges
SpinOffUnamortizedDeferredCharges
3058000
CY2022Q4 ship Spin Off Other Costs
SpinOffOtherCosts
48000
CY2023 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
8094000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19378000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26027000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
50000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1650000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
5500000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
4800000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24928000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32477000
CY2023Q4 ship Restricted Deposits Pledged As Collateral
RestrictedDepositsPledgedAsCollateral
50000
CY2023Q4 ship Number Of Financial Institutions Where Restricted Deposits Are Pledged As Collateral Regarding Credit Card Balances
NumberOfFinancialInstitutionsWhereRestrictedDepositsArePledgedAsCollateralRegardingCreditCardBalances
1
CY2023Q4 ship Minimum Liquidity Requirements For Credit Facilities Covenants
MinimumLiquidityRequirementsForCreditFacilitiesCovenants
9600000
CY2022Q4 ship Restricted Deposits Pledged As Collateral
RestrictedDepositsPledgedAsCollateral
50000
CY2022Q4 ship Number Of Financial Institutions Where Restricted Deposits Are Pledged As Collateral Regarding Credit Card Balances
NumberOfFinancialInstitutionsWhereRestrictedDepositsArePledgedAsCollateralRegardingCreditCardBalances
1
CY2022Q4 ship Minimum Liquidity Requirements For Credit Facilities Covenants
MinimumLiquidityRequirementsForCreditFacilitiesCovenants
10700000
CY2023Q4 us-gaap Inventory Net
InventoryNet
1559000
CY2022Q4 us-gaap Inventory Net
InventoryNet
1995000
CY2023Q4 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P12M
CY2023Q2 ship Finance Lease Prepayments And Other Initial Direct Costs
FinanceLeasePrepaymentsAndOtherInitialDirectCosts
3500000
CY2023Q4 ship Finance Lease Prepayments And Other Initial Direct Costs
FinanceLeasePrepaymentsAndOtherInitialDirectCosts
3500000
CY2023Q2 ship Lessee Finance Lease Daily Bareboat Rate
LesseeFinanceLeaseDailyBareboatRate
9000
CY2023Q4 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P12M
CY2023Q2 ship Lessee Finance Lease Purchase Price
LesseeFinanceLeasePurchasePrice
20210000
CY2023Q4 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.054
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
22388000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
29998000
CY2023Q4 ship Finance Lease Initial Direct Costs
FinanceLeaseInitialDirectCosts
610000
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
436000
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
219000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
29562000
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y9M21D
CY2023Q4 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
22676000
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
22676000
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
898000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
21778000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
21778000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
21778000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
213711000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
235603000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
2921000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3727000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
210790000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
231876000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
31780000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
35051000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
179010000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
196825000
CY2023Q4 ship Debt Related To Assets Held For Sale Gross Current
DebtRelatedToAssetsHeldForSaleGrossCurrent
0
CY2022Q4 ship Debt Related To Assets Held For Sale Gross Current
DebtRelatedToAssetsHeldForSaleGrossCurrent
13100000
CY2023Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
0
CY2022Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
110000
CY2023Q4 ship Debt Related To Assets Held For Sale Current
DebtRelatedToAssetsHeldForSaleCurrent
0
CY2022Q4 ship Debt Related To Assets Held For Sale Current
DebtRelatedToAssetsHeldForSaleCurrent
12990000
CY2023Q4 ship Long Term Debt Including Debt Related To Assets Held For Sale
LongTermDebtIncludingDebtRelatedToAssetsHeldForSale
210790000
CY2022Q4 ship Long Term Debt Including Debt Related To Assets Held For Sale
LongTermDebtIncludingDebtRelatedToAssetsHeldForSale
244866000
CY2021Q2 ship Number Of Units Issued
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428571
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1
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7
CY2021Q2 us-gaap Share Price
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7
CY2021Q2 ship Number Of Units Issued
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428571
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
32955000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
44433000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
76786000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
43657000
CY2023Q4 ship Long Term Debt Maturities Repayments Of Principal In Rolling After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFour
15880000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
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213711000
CY2023Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
0
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
10833000
CY2023Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
0
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
10833000
CY2023Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
0
CY2022Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
0
CY2021Q4 ship Number Of Adjustments To Adopt Accounting Standard
NumberOfAdjustmentsToAdoptAccountingStandard
2
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
113058000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
29954000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
5321000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
148333000
CY2018Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2018Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2020Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P10Y
CY2020Q3 ship Lessee Operating Lease Number Of Extensions
LesseeOperatingLeaseNumberOfExtensions
2
CY2020Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2018Q2 ship Lessee Operating Lease Monthly Rental Payments
LesseeOperatingLeaseMonthlyRentalPayments
12747
CY2020Q3 us-gaap Prepaid Rent
PrepaidRent
250000
CY2023 ship Lessee Operating Lease Monthly Rental Payments
LesseeOperatingLeaseMonthlyRentalPayments
10000
CY2023 ship Lessee Operating Lease Monthly Rental Payments
LesseeOperatingLeaseMonthlyRentalPayments
11100
CY2023Q4 us-gaap Foreign Currency Exchange Rate Remeasurement1
ForeignCurrencyExchangeRateRemeasurement1
1.105
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
166000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
161000
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
179000
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0624
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
133000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
133000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
133000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
133000
CY2023Q4 ship Lessee Operating Lease Liability To Be Paid After Rolling Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterRollingYearFour
32000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
564000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
159000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
405000
CY2023Q4 us-gaap Operating Lease Liability Current
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105000
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