Bunker inventory

12 Months Ended

Dec. 31, 2023

Bunker inventory [Abstract]

Bunker inventory

Note 12 – Bunker inventory

Bunker inventory consists of remaining bunkers for our spot vessels at the end of the year. The balance was $33,806 thousand as of December 31, 2023 compared to $33,069 thousand as of December 31, 2022.

Bunker inventory is stated at the lower of cost and net realizable value. Cost is determined using the FIFO method and includes expenditures incurred in acquiring the bunkers and delivery cost less discounts.