(Dollars in thousands)

December 31, 2025

December 31, 2024

Accounts payable

$

1,655

$

5,828

Accrued payroll and benefits

9,754

10,167

Accrued general and administrative expenses

3,178

1,525

Accrued vessel expenses

19,169

19,835

Accrued drydock, repairs and vessel betterment costs

8,616

10,108

Bunkers and lubricants

278

1,025

Insurance

680

96

Due to owners on chartered in vessels

1,233

902

EUAs due to authorities

9,726

4,990

Charter revenues received in advance

5,977

7,834

Accrued interest expense

5,973

1,018

Other

3,682

2,936

Total accounts payable, accrued expense and other current liabilities

$

69,921

$

66,264