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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and Cash Equivalents $ 96,480 $ 59,583
Restricted Cash 5,934 3,719
Accounts Receivable, Net 27,535 20,474
Prepaid Expenses 5,055 5,975
Inventory 23,234 25,430
Voyages in Progress 9,085 23,997
Other Current Assets 3,364 3,484
Total Current Assets 170,687 142,662
NON-CURRENT ASSETS    
Vessels, net 710,118 735,134
Right of Use Assets 900 1,209
Other Non-Current Assets 784 878
Total Non-Current Assets 711,802 737,221
Total Assets 882,489 879,883
Current Liabilities    
Accounts Payable 1,712 6,960
Accrued Voyage Expenses 9,763 11,315
Other Current Liabilities 8,175 14,439
Dividends Payable 31,319 0
Current Portion of Long-Term Debt 42,951 39,700
Total Current Liabilities 93,920 72,414
Long-Term Debt 235,782 266,337
Operating Lease Liabilities 226 535
Other Non-Current Liabilities 566 615
Total Non-Current Liabilities 236,574 267,487
Commitments and Contingencies
SHAREHOLDERS' EQUITY    
Common Stock, par value $0.01 per Share; 360,000,000 shares authorized, 208,796,444 and 208,796,444 shares issued and outstanding at June 30, 2023, and December 31, 2022, respectively 2,087 2,087
Additional Paid-in Capital 189,948 188,801
Contributed Surplus 444,495 507,134
Accumulated other comprehensive loss (2,029) (1,813)
Accumulated Deficit (82,506) (156,227)
Total Shareholders' Equity 551,995 539,982
Total Liabilities and Shareholders' Equity $ 882,489 $ 879,883