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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and Cash Equivalents $ 31,078 $ 59,583
Restricted Cash 2,283 3,719
Accounts Receivable, Net 26,287 20,474
Prepaid Expenses 4,319 5,975
Inventory 31,183 25,430
Voyages in Progress 11,178 23,997
Other Current Assets 2,582 3,484
Total Current Assets 108,910 142,662
Non-Current Assets    
Vessels 768,584 735,134
Right of Use Assets 578 1,209
Other Non-Current Assets 1,124 878
Total Non-Current Assets 770,286 737,221
Total Assets 879,196 879,883
Current Liabilities    
Accounts Payable 3,446 6,960
Accrued Voyage Expenses 11,748 11,315
Other Current Liabilities 10,858 14,439
Dividends Payable 12,528 0
Current Portion of Long-Term Debt 31,898 39,700
Total Current Liabilities 70,478 72,414
Non-Current Liabilities    
Long-Term Debt 269,697 266,337
Operating Lease Liabilities 0 535
Other Non-Current Liabilities 717 615
Total Non-Current Liabilities 270,414 267,487
Commitments and Contingencies
Shareholders' Equity    
Common Stock, par value $0.01 per share 360,000,000 authorized, 208,796,444 issued and outstanding at December 31, 2023 and December 31, 2022, respectively. 2,087 2,087
Additional Paid-in Capital 191,004 188,801
Contributed Surplus 404,823 507,134
Accumulated Other Comprehensive Loss (2,094) (1,813)
Retained Earnings (Accumulated Deficit) (57,516) (156,227)
Total Shareholders' Equity 538,304 539,982
Total Liabilities and Shareholders' Equity $ 879,196 $ 879,883