Vessel Cost

Accumulated

Depreciation

Net Book

Value

Balance, January 1, 2020

$

3,573,751

$

(1,141,921

)

$

2,431,830

Depreciation

-

(101,541

)

(101,541

)

Vessel acquisitions, advances and other vessels’ costs

275,230

-

275,230

Vessel sales, transfers and other movements

(323,014

)

168,005

(155,009

)

Balance, December 31, 2020

$

3,525,967

$

(1,075,457

)

$

2,450,510

Depreciation

-

(129,406

)

(129,406

)

Vessel acquisitions, advances and other vessels’ costs

1,467,937

-

1,467,937

Vessel sales, transfers and other movements

(306,008

)

167,159

(138,849

)

Balance, December 31, 2021

$

4,687,896

$

(1,037,704

)

$

3,650,192