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Vessels
9 Months Ended
Sep. 30, 2019
Vessels [Abstract]  
Vessels

Note 5 — Vessels:

 

Vessel Impairments

 

The Company gave consideration as to whether events or changes in circumstances had occurred since December 31, 2018 that could indicate that the carrying amounts of the vessels in the Company’s fleet may not be recoverable as of September 30, 2019 and concluded that no such events or changes in circumstances had occurred to warrant a change in the assumptions utilized in the December 31, 2018 impairment tests of the Company’s fleet.

 

Vessel Sales

 

During the nine months ended September 30, 2019, the Company recognized a net aggregate loss of $66 on disposal of two 2004-built MRs. On October 31, 2019, the Company entered into a memorandum of agreement to sell a 2002-built Aframax for delivery to buyers sometime between December 2019 and January 2020. The Company expects to recognize a gain on this sale.