XML 41 R32.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Interest Expense and Finance Cost, Net (Tables)
6 Months Ended
Jun. 30, 2024
Interest and Debt Expense [Abstract]  
Schedule of Interest Expense and Finance Cost, Net

Interest expense and finance cost, net for the three and six month periods ended June 30, 2024 and 2023 consisted of the following:

 

 

Three Month Period Ended June 30, 2024

 

 

Three Month Period Ended June 30, 2023

 

 

Six Month Period Ended June 30, 2024

 

 

Six Month Period Ended June 30, 2023

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

Interest expense incurred on credit facilities and financial liabilities

 

$

26,842

 

 

$

28,256

 

 

$

52,789

 

 

$

56,235

 

Interest expense incurred on finance lease liabilities

 

 

7,783

 

 

 

7,457

 

 

 

15,817

 

 

 

12,622

 

Interest expense capitalized related to deposits for vessel acquisitions

 

 

(6,500

)

 

 

(5,029

)

 

 

(12,637

)

 

 

(8,793

)

Amortization of finance charges and other finance costs

 

 

2,131

 

 

 

2,825

 

 

 

3,873

 

 

 

5,742

 

Discount effect of long-term assets

 

 

(169

)

 

 

(179

)

 

 

(346

)

 

 

3,048

 

Total interest expense and finance cost, net

 

$

30,087

 

 

$

33,330

 

 

$

59,496

 

 

$

68,854