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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and Cash Equivalents $ 40,758 $ 31,078
Restricted Cash 6,828 2,283
Accounts Receivable, Net 22,805 26,287
Prepaid Expenses 6,610 4,319
Inventory 23,914 31,183
Voyages in Progress 15,097 11,178
Other Current Assets 1,448 2,582
Total Current Assets 117,460 108,910
NON-CURRENT ASSETS    
Vessels, net 740,802 768,584
Right of Use Assets 783 578
Other Non-Current Assets 2,767 1,124
Total Non-Current Assets 744,352 770,286
Total Assets 861,812 879,196
Current Liabilities    
Accounts Payable 2,616 3,446
Accrued Voyage Expenses 9,378 11,748
Other Current Liabilities 12,055 10,858
Dividends Payable 25,056 12,528
Current Portion of Long-Term Debt 98,731 31,898
Total Current Liabilities 147,836 70,478
Long-Term Debt 187,024 269,697
Operating Lease Liabilities 418 0
Other Non-Current Liabilities 684 717
Total Non-Current Liabilities 188,126 270,414
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, 2024, and December 31, 2023, respectively 2,087 2,087
Additional Paid-in Capital 192,112 191,004
Contributed Surplus 354,711 404,823
Accumulated other comprehensive loss (2,206) (2,094)
Accumulated Deficit (20,854) (57,516)
Total Shareholders' Equity 525,850 538,304
Total Liabilities and Shareholders' Equity $ 861,812 $ 879,196