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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
Voyage Revenues $ 291,690 $ 349,742 $ 391,687
Other Income 730 0 0
Voyage Expenses (109,880) (124,646) (129,507)
Vessel Operating Expenses (66,938) (62,809) (60,003)
Depreciation Expense (57,735) (56,151) (51,397)
Gain on Disposal of Vessels 16,621 0 0
General and Administrative Expenses (28,143) (28,825) (22,890)
Net Operating Income 46,345 77,311 127,890
Interest Income 1,608 731 1,302
Interest Expense (35,752) (30,739) (30,498)
Other Financial Income (Expense) 118 (670) 137
Total Other Expenses (34,026) (30,678) (29,059)
Net Income Before Income Taxes 12,319 46,633 98,831
Income Tax Expense (benefit) (48) 10 (120)
Net Income $ 12,271 $ 46,643 $ 98,711
Basic Income per Share (in dollars per share) $ 0.06 $ 0.22 $ 0.47
Diluted Income per Share (in dollars per share) $ 0.06 $ 0.22 $ 0.47
Basic Average Number of Common Shares Outstanding (in shares) 211,750,663 209,227,286 208,796,444
Dilutive Average Number of Common Shares Outstanding (in shares) 211,750,663 209,898,006 208,811,300