Gain on Sale of Assets (Tables)

12 Months Ended

Dec. 31, 2025

Proceeds from Sale of Productive Assets [Abstract]

Summary of gain (loss) on sale of assets

Summary of the transactions is presented in the table below:

	Years Ended December 31,
	2023		2024		2025
Gain on sale of assets	$	10,375	$	16,555	$	4,596

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

Vessel name	Type	Built	Gross sale price	Gain		Delivery to new owners
Pedhoulas Cherry	Kamsarmax	2015	26,625	2,265		February 2024
Panayiota K	Post-Panamax	2010	20,450	2,292		April 2024
Maritsa	Panamax	2005	12,200	4,324		May 2024
Paraskevi 2	Panamax	2011	20,300	7,674		July 2024
Total gain in 2024				$	16,555

Vessel name	Type	Built	Gross sale price	Gain		Delivery to new owners
Pedhoulas Leader	Kamsarmax	2007	12,500	1,793		September 2025
Pedhoulas Merchant	Kamsarmax	2006	11,500	2,803		September 2025
Total gain in 2025				$	4,596