DEBT (Tables)

12 Months Ended

Dec. 31, 2025

DEBT [Abstract]

Schedule of Long-term Debt Instruments

(Dollars in thousands)	December 31, 2025		December 31, 2024
$500 Million Revolving Credit Facility, due 2030	$	—	$	144,581
ECA Credit Facility, due 2037, net of amortized deferred finance costs of $3,030		78,464		—
2030 Bonds, due 2030, net of amortized deferred finance costs of $4,774		245,226		—
Ocean Yield Lease Financing, due 2031, net of unamortized deferred finance costs of $2,154		—		280,473
BoComm Lease Financing, due 2030, net of unamortized deferred finance costs of $2,731 and $3,438		202,505		216,343
Toshin Lease Financing, due 2031, net of unamortized deferred finance costs of $189 and $243		11,092		12,510
Hyuga Lease Financing, due 2031, net of unamortized deferred finance costs of $157 and $207		10,808		12,270
Kaiyo Lease Financing, due 2030, net of unamortized deferred finance costs of $126 and $174		9,500		11,059
Kaisha Lease Financing, due 2030, net of unamortized deferred finance costs of $129 and $183		9,484		11,171
		567,079		688,407
Less current portion		(25,788)		(50,054)
Long-term portion	$	541,291	$	638,353

Schedule of Interest Paid

The following table summarizes interest expense before the impact of capitalized interest, including amortization of deferred financing costs (for additional information related to deferred financing costs see Note 2, “Significant Accounting Policies”), commitment fees of $3.7 million, $3.5 million, and $2.4 million, and other administrative fees, recognized during the years ended December 31, 2025, 2024 and 2023, respectively, with respect to the Company’s debt facilities:

(Dollars in thousands)	2025		2024		2023
$750 Million Credit Facility / $500 Million Revolving Credit Facility	$	4,904	$	2,337	$	18,351
$160 Million Revolving Credit Facility		1,452		2,881		616
ECA Credit Facility		1,220		—		—
2030 Bonds		5,095		—		—
Vessel lease financing arrangements		12,912		13,878		15,157
Extinguished credit facilities and lease financing arrangements(1)		20,508		30,803		32,956
Total debt related interest expense	$	46,091	$	49,899	$	67,080

(1) Includes interest expense (including amortization of terminated interest rate swap agreements as described in Note 7, “Fair Value of Financial Instruments, Derivatives and Fair Value Disclosures”) on principal balances outstanding under the Ocean Yield Lease Financing, the ING Credit Facility, which were repaid in November 2025 and April 2024, respectively, and certain of the Company’s other debt facilities.

The following table summarizes interest paid, net of interest rate swap cash settlements, excluding deferred financing fees paid, during the years ended December 31, 2025, 2024 and 2023 with respect to the Company’s debt facilities:

(Dollars in thousands)	2025		2024		2023
$750 Million Credit Facility / $500 Million Revolving Credit Facility	$	2,713	$	1,800	$	19,798
$160 Million Revolving Credit Facility		983		—		311
ECA Credit Facility		549		—		—
Vessel lease financing arrangements		12,087		13,017		13,668
Extinguished credit facilities and lease financing arrangements		20,641		29,772		32,650
Total debt related interest expense paid	$	36,973	$	44,589	$	66,427

Contractual Obligation, Fiscal Year Maturity Schedule

(Dollars in thousands)	Amount
2026	$	25,788
2027		26,997
2028		27,982
2029		28,979
2030		402,617
Thereafter		65,851
Aggregate principal payments required	$	578,214