Gain on Sale of Assets

12 Months Ended

Dec. 31, 2023

Proceeds from Sale of Productive Assets [Abstract]

Gain on Sale Of Assets

Gain on Sale of Assets

Gain on Sale of Assets represents net gains from the sale of seven vessels concluded during the year ended December 31, 2021 and three vessels during the year ended December 31, 2023. No vessels were sold during the year ended December 31, 2022. Summary of the transactions is presented in the table below:

	Years Ended December 31,
		2021		2022		2023
Gain on sale of assets		$	11,579	$	—	$	10,375

Vessel name	Type	Built	Gross sale price	Gain/(Loss)		Delivery to new owners
Paraskevi	Panamax	2003	7,300	(551)		April 2021
Vassos	Panamax	2004	8,650	(1,074)		May 2021
Pedhoulas Builder	Kamsarmax	2012	22,500	(1,775)		June 2021
Pedhoulas Farmer	Kamsarmax	2012	22,000	189		September 2021
Maria	Panamax	2003	12,000	3,843		September 2021
Koulitsa	Panamax	2003	13,600	5,748		November 2021
Pedhoulas Fighter	Kamsarmax	2012	23,700	5,199		November 2021
Total gain in 2021				$	11,579

Vessel name	Type	Built	Gross sale price	Gain		Delivery to new owners
Pedhoulas Trader	Kamsarmax	2006	15,900	4,637		January 2023
Efrossini	Panamax	2012	22,500	3,316		July 2023
Katerina	Panamax	2004	10,200	2,422		December 2023
Total gain in 2023				$	10,375