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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
Voyage Revenues $ 349,742 $ 391,687 $ 339,340
Voyage Expenses (124,646) (129,507) (170,515)
Vessel Operating Expenses (62,809) (60,003) (63,430)
Depreciation Expense (56,151) (51,397) (50,421)
Impairment Loss on Vessels 0 0 (314)
Gain on Disposal of Vessels 0 0 6,005
General and Administrative Expenses (28,825) (22,890) (18,798)
Net Operating Income 77,311 127,890 41,867
Interest Income 731 1,302 266
Interest Expense (30,739) (30,498) (27,055)
Other Financial Income (Expense) (670) 137 46
Total Other Expenses (30,678) (29,059) (26,743)
Net Income Before Income Taxes 46,633 98,831 15,124
Income Tax Expense (benefit) 10 (120) (23)
Net Income $ 46,643 $ 98,711 $ 15,101
Basic Income per Share (in dollars per share) $ 0.22 $ 0.47 $ 0.07
Diluted Income per Share (in dollars per share) $ 0.22 $ 0.47 $ 0.07
Basic Average Number of Common Shares Outstanding (in shares) 209,227,286 208,796,444 202,032,942
Dilutive Average Number of Common Shares Outstanding (in shares) 209,898,006 208,811,300 202,032,942