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Consolidated Statement of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents [1],[2] $ 74,738 $ 125,948
Accounts receivable and accrued revenues [2] 75,848 59,465
Capitalized voyage expenses 2,549 2,799
Prepaid expenses 13,557 10,550
Derivative financial assets [3] 0 3,759
Bunker inventory 33,806 33,069
Total current assets 200,498 235,589
Non-current assets    
Vessels 1,283,710 1,261,998
Advances for vessel upgrades 10 4,583
Other property, plant and equipment 6,649 4,949
Goodwill 1,356 1,356
Total non-current assets 1,291,725 1,272,885
Total assets 1,492,223 1,508,474
Current liabilities    
Accounts payable and accrued expenses [2] 20,493 29,398
Current portion long-term debt [2] 30,300 29,626
Other current liabilities 1,418 1,178
Deferred shipping revenues 4,394 4,172
Total current liabilities 56,605 64,374
Non-current liabilities    
Long-term debt [2] 398,425 367,069
Other non-current liabilities 5,527 3,545
Total non-current liabilities 403,952 370,614
Total liabilities 460,557 434,988
Equity    
Common stock at par value 1,610 1,627
Additional paid-in capital 1,228,254 1,243,754
Accumulated deficit (206,477) (180,664)
Translation differences 201 138
Other reserves 3,566 3,623
Total equity attributable to the Company 1,027,153 1,068,478
Non-controlling interest 4,513 5,008
Total equity 1,031,667 1,073,486
Total liabilities and equity $ 1,492,223 $ 1,508,474
[1] Cash and cash equivalents include $370 thousand in restricted cash in 2023 and $316 thousand in restricted cash in 2022, including employee withholding tax.
[2] Amounts carried at amortized cost.
[3] Amounts carried at fair value through profit or loss.