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