Vessels, net

12 Months Ended

Dec. 31, 2024

Vessels, net [Abstract]

Vessels, net

4. Vessels, net:

The amounts in the consolidated balance sheets are analyzed as follows:

	Vessel Cost		Accumulated Depreciation			Net Book Value
Balance, December 31, 2022		409,264		(20,205	)		389,059
— Depreciation		-		(14,349	)		(14,349	)
Balance, December 31, 2023		409,264		(34,554	)		374,710
— Depreciation		-		(13,336	)		(13,336	)
Balance, December 31, 2024		409,264		(47,890	)		361,374

As of December 31, 2024 all the titles of ownership of our vessels are held by the respecting vessel lenders to secure the relevant sale and lease back financing transactions (see Note 7).