XML 106 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Investments in affiliates (Tables)
12 Months Ended
Dec. 31, 2019
Investments in affiliates  
Consolidated wholly owned subsidiaries

As of December 31, 2019, Gemini consolidated its wholly owned subsidiaries listed below:

 

 

 

 

 

 

 

 

 

 

Company

    

Vessel Name

    

Year Built

    

TEU

    

Date of vessel delivery

Averto Shipping S.A.

 

Suez Canal

 

2002

 

5,610

 

July 20, 2015

Sinoi Marine Ltd.

 

Genoa

 

2002

 

5,544

 

August 2, 2015

Kingsland International Shipping Limited

 

Catherine C

 

2001

 

6,422

 

September 21, 2015

Leo Shipping and Trading S.A.

 

Leo C

 

2002

 

6,422

 

February 4, 2016

Springer Shipping Co

 

Belita

 

2006

 

8,533

 

August 26,2019

 

Summary of the financial information for equity accounted investments

A condensed summary of the financial information for equity accounted investments 49% owned by the Company shown on a 100% basis are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

    

2019

    

2018

    

2017

Current assets

 

$

6,242

 

$

8,327

 

 

 

Non-current assets

 

$

69,740

 

$

41,155

 

 

 

Current liabilities

 

$

9,892

 

$

5,201

 

 

 

Long-term liabilities

 

$

47,795

 

$

29,254

 

 

 

Net operating revenues

 

$

20,264

 

$

18,885

 

$

17,388

Net income

 

$

3,268

 

$

2,787

 

$

1,969