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Long Term Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of debt
Long term debt is comprised of the following borrowings:
   December 31,
BorrowerCommencementMaturity20242025
Staloudi - Marilem - KastrolemApril 2024September 2025$40,800 $— 
MonagrouliApril 2020April 202716,720 16,720 
Pelea - Vasstwo - Eniaprohi - VassoneDecember 2018December 202817,750 17,750 
Staloudi - Marilem - Kastrolem - Maxdeka - Shikoku - Shikokutessera - GlovertwoSeptember 2025August 2030— 77,613 
ShimafiveOctober 2023October 203022,500 21,000 
ShimasevenJanuary 2024January 203122,875 21,375 
Sub Total Term Loan credit facility$120,645 $154,458 
Eptaprohi - Soffive - Marinouki - Pemer - LofouDecember 2022December 202860,000 53,000 
Armonikos - Metamou - Vaslem - StalemAugust 2024August 202920,000 5,000 
Safe BulkersJuly 2025July 2030— 5,000 
Safe BulkersJune 2025June 2031— 5,000 
Pentakomo - Gloverthree - GloversevenJune 2023June 203125,000 46,250 
ShimanineSeptember 2025September 2032— 7,200 
Sub Total Revolving credit facility$105,000 $121,450 
MaxdekaNovember 2019August 202510,589 — 
ShikokuNovember 2019August 202511,138 — 
ShikokutesseraNovember 2019August 202510,972 — 
GlovertwoNovember 2019August 202510,200 — 
MaxtesseraApril 2021October 202617,925 14,367 
Kyotofriendo OneSeptember 2022September 202718,689 15,632 
PinewoodFebruary 2021February 203116,951 15,079 
ShikokueptaAugust 2021August 203117,167 15,167 
AgrosMay 2022May 203221,450 19,703 
YasudyoSeptember 2023September 203327,251 25,452 
ShimaeightNovember 2023November 203325,750 23,883 
ShimasixJanuary 2024January 203428,000 26,000 
Sub Total Sale and leaseback financing$216,082 $155,283 
Safe Bulkers ParticipationsFebruary 2022February 2027103,864 117,394 
Sub Total Bond$103,864 $117,394 
Total  $545,591 $548,585 
Current portion of long-term debt  60,799 44,849 
Long-term debt  484,792 503,736 
Total debt  $545,591 $548,585 
Current portion of deferred financing costs  2,608 2,478 
Deferred financing costs non-current  6,342 5,964 
Total deferred financing costs  $8,950 $8,442 
Total debt  $545,591 $548,585 
Less:  Total deferred financing costs
  8,950 8,442 
Total debt, net of deferred financing costs  $536,641 $540,143 
Less: Current portion of long-term debt, net of current portion of deferred financing costs
  58,191 42,371 
Long-term debt, net of deferred financing costs, non-current  $478,450 $497,772 
Schedule of maturities of long-term debt
The estimated minimum annual principal payments required to be made after December 31, 2025, based on the above credit facilities, sale and leaseback financings and the Bond are as follows:
To December 31,  
2026$44,849 
2027186,662 
202884,783 
202934,995 
203072,259 
2031 and thereafter125,037 
Total$548,585