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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and Cash Equivalents $ 39,177 $ 31,078
Restricted Cash 5,207 2,283
Accounts Receivable, Net 16,223 26,287
Prepaid Expenses 6,227 4,319
Inventory 21,931 31,183
Voyages in Progress 6,570 11,178
Other Current Assets 3,436 2,582
Total Current Assets 98,771 108,910
Non-Current Assets    
Vessels 715,273 768,584
Right of Use Assets 975 578
Other Non-Current Assets 2,568 1,124
Total Non-Current Assets 718,816 770,286
Total Assets 817,587 879,196
Current Liabilities    
Accounts Payable 4,257 3,446
Accrued Voyage Expenses 12,294 11,748
Deferred Revenue 5,632 3,949
Other Current Liabilities 7,572 6,909
Dividends Payable 8,470 12,528
Current Portion of Long-Term Debt 21,560 31,898
Total Current Liabilities 59,785 70,478
Non-Current Liabilities    
Long-Term Debt 248,144 269,697
Other Non-Current Liabilities 845 717
Total Non-Current Liabilities 248,989 270,414
Commitments and Contingencies
Shareholders' Equity    
Common Stock, par value $0.01 per share 360,000,000 authorized, 211,750,663 and 208,796,444 issued and outstanding at December 31, 2024, and 2023, respectively 2,117 2,087
Additional Paid-in Capital 198,206 191,004
Contributed Surplus 321,185 404,823
Accumulated Other Comprehensive Loss (1,822) (2,094)
Retained Earnings (Accumulated Deficit) (10,873) (57,516)
Total Shareholders' Equity 508,813 538,304
Total Liabilities and Shareholders' Equity $ 817,587 $ 879,196