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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Consolidated Statements of Income [Abstract]      
Vessel revenue, net $ 107,036 $ 122,629 $ 153,108
Fees from related parties $ 3,198 $ 2,391 $ 0
Revenue, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Revenue, net $ 110,234 $ 125,020 $ 153,108
Expenses:      
Voyage expenses (2,851) (4,293) (16,469)
Vessel operating expenses (42,260) (43,550) (36,332)
Management fees (700) (1,368) (1,435)
General and administration expenses (22,149) (17,412) (13,739)
Amortization of deferred dry-docking costs (4,155) (4,880) (2,793)
Depreciation and amortization (24,676) (23,417) (17,151)
Gain on sale of vessel, net (including $8094, $0 and $0, to related party for the years ended December 31, 2023, 2022 and 2021, respectively - Note 3) 8,094 0 697
(Loss) / gain on forward freight agreements, net (188) (417) 24
Operating income 21,349 29,683 65,910
Other income / (expenses), net:      
Interest and finance costs (20,694) (15,332) (17,779)
Loss on extinguishment of debt (540) (1,291) (6,863)
Interest and other income 2,443 1,361 161
Gain on spin-off of United Maritime Corporation 0 2,800 0
Foreign currency exchange losses, net (276) (10) (81)
Total other expenses, net (19,067) (12,472) (24,562)
Net income before income taxes 2,282 17,211 41,348
Income taxes 0 28 0
Net income $ 2,282 $ 17,239 $ 41,348
Net income per common share, basic (in dollars per share) $ 0.12 $ 0.97 $ 2.7
Net income per common share, diluted (in dollars per share) $ 0.12 $ 0.96 $ 2.5
Weighted average common shares outstanding, basic (in shares) 18,394,419 17,439,033 15,332,191
Weighted average common shares outstanding, diluted (in shares) 18,442,688 17,684,048 19,133,753