Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt [Abstract]

Debt

The amounts in the consolidated balance sheets are analyzed as follows (facility names defined below):

Financier / Vessel(s)	December 31,
	2023			2024
Total long-term debt:
Cargill Facility (M/T Eco Marina Del Rey)		23,094			-
1st CMBFL Facility (M/T Julius Caesar and M/T Legio X Equestris)		98,552			120,764
1st AVIC Facility (M/T Eco Oceano CA)		42,777			40,066
2nd AVIC Facility (M/T Eco West Coast)		40,817			38,617
Huarong Facility (M/T Eco Malibu)		41,000			38,800
2nd CMBFL Facility (M/T Eco Marina Del Rey)		-			27,000
Total long-term debt		246,240			265,247
Less: Deferred finance fees		(4,279	)		(5,989	)
Less: Debt discount relating to Vessel fair value participation liability		(1,463	)		-
Total long-term debt net of deferred finance fees and debt discounts		240,498			259,258
Presented:
Current portion of long-term debt		12,418			14,202
Long-term debt		228,080			245,056

Annual Principal Payments

Scheduled Principal Repayments: The Company’s annual principal payments required to be made after December 31, 2024 on its debt obligations, are as follows:

Years
December 31, 2025	15,120
December 31, 2026	15,568
December 31, 2027	16,049
December 31, 2028	16,586
December 31, 2029 and thereafter	201,924
Total	265,247