BUSINESS COMBINATIONS (Tables)

3 Months Ended

Mar. 31, 2026

Business Combination [Abstract]

Schedule of purchase price allocation

(Dollars in thousands)		Amounts
Cash paid	$	5,000
Fair value of previously held equity interest		5,000
Total Purchase Consideration		10,000
Fair value of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents		507
Other tangible assets		5,786
Other tangible liabilities		(3,917)
Total fair value of identifiable net assets acquired		2,376
Goodwill initially recognized(1)(2)	$	7,624

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(1) Goodwill is primarily attributable to the assembled workforce of TUKA and brand recognition of TIL.

(2) For segment reporting purposes, goodwill is included in the Crude Tankers reportable segment.