7Baggers

Safe Bulkers, Inc
(NYSE:SB) 

SB stock logo

Safe Bulkers, Inc. provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 15, 2021, the company had a fleet of 43 drybulk vessels having an average age of 10.3 years; and an aggregate carryi...

Founded: 2007
Full Time Employees: 7
Sector: Industrials
Industry: Marine Shipping
IndustrialsMarine Shipping
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Quarterly
Annual
    Unit: USD2025-07-28 2024-12-31 2024-11-14 2024-07-22 2023-12-31 2022-12-31 2022-08-04 2021-09-30 2021-07-29 2021-06-30 2021-05-05 2021-02-16 2020-12-31 2020-11-12 2020-08-05 2020-06-30 2020-06-16 2020-06-08 2020-02-27 2019-12-31 2019-10-25 2019-09-04 2019-05-28 2019-02-19 2018-12-31 2018-11-08 2018-07-26 2018-05-31 2017-12-31 2017-11-01 2017-07-27 2017-05-19 2017-02-24 2016-12-31 2016-12-01 2016-11-01 2016-10-17 2016-07-29 2016-06-03 2016-02-11 2015-12-31 2015-11-10 2015-07-31 2015-07-24 2015-06-09 2015-02-27 2014-12-31 2014-11-06 2014-07-30 2014-05-29 2014-05-07 2014-02-26 2013-12-31 2013-11-12 2013-11-05 2013-08-22 2013-05-15 2013-02-20 2012-12-31 2012-11-14 2012-08-07 2012-05-08 2012-02-14 2011-12-31 2011-10-17 2011-07-21 2011-05-04 2011-03-14 2011-02-09 2010-12-31 2010-11-08 2010-07-27 2010-05-10 2010-03-24 2010-02-09 2009-12-31 2009-11-03 2009-10-08 2009-09-08 2009-05-22 2009-02-09 2008-12-31 2008-11-03 2008-08-11 
                                                                                        
      statement of operations
    		                                                                                    
      revenues
    		320,679,000 74,520,000 79,236,000 295,393,000   343,475,000 247,032,000 84,963,000 150,185,000 65,222,000 54,403,000 54,403,000 53,992,000 50,054,000 97,640,000 206,682,000 47,586,000 55,711,000 55,711,000 52,927,000 47,562,000 50,482,000 54,946,000 54,946,000 52,212,000 49,037,000 45,352,000 44,101,000 38,845,000 36,431,000 34,663,000 32,944,000  81,015,000 28,198,000 52,817,000 27,189,000 25,628,000 31,198,000 31,198,000 34,868,000 33,022,000 159,900,000 33,287,000 40,593,000 40,593,000 37,890,000 38,611,000 42,806,000 191,520,000 60,816,000  130,704,000 43,103,000 42,429,000 45,172,000 47,191,000 47,134,000 47,687,000 47,875,000 44,804,000 43,715,000 43,715,000 43,302,000 41,974,000 43,045,000 159,698,000 41,908,000  41,599,000 41,394,000 34,797,000 168,400,000 37,435,000  37,791,000 93,174,000 45,214,000 47,959,000 48,124,000  55,648,000 53,388,000 
      commissions
    		-13,046,000 -3,028,000 -3,313,000 -10,992,000   -14,444,000 -10,442,000 -3,385,000 -6,089,000 -2,704,000 -2,174,000 -2,174,000 -2,059,000 -1,773,000 -3,644,000 -8,921,000 -1,871,000 -2,465,000 -2,464,000 -2,213,000 -2,047,000 -2,197,000 -2,373,000 -2,373,000 -2,114,000 -2,018,000 -1,851,000 -1,723,000 -1,528,000 -1,421,000 -1,336,000 -1,234,000  -2,953,000 -1,076,000 -1,877,000 -949,000 -928,000 -1,254,000 -1,254,000 -1,391,000 -1,180,000 -5,806,000 -1,233,000 -1,536,000 -1,536,000 -1,374,000 -1,433,000 -1,463,000 -4,799,000 -1,644,000  -3,155,000 -1,223,000 -986,000 -945,000 -828,000 -828,000 -842,000 -860,000 -732,000 -798,000 -798,000 -771,000 -788,000 -771,000 -2,678,000 -621,000  -767,000 -767,000 -523,000 -3,794,000 -867,000  -885,000 -2,042,000 -943,000 -1,099,000 -1,486,000  -2,239,000 -1,990,000 
      net revenues
    		307,633,000 71,492,000 75,923,000 284,401,000   329,031,000 236,590,000 81,578,000 144,096,000 62,518,000 52,229,000 52,229,000 51,933,000 48,281,000 93,996,000 197,761,000 45,715,000 53,246,000 53,247,000 50,714,000 45,515,000 48,285,000 52,573,000 52,573,000 50,098,000 47,019,000 43,501,000 42,378,000 37,317,000 35,010,000 33,327,000 31,710,000  78,062,000 27,122,000 50,940,000 26,240,000 24,700,000 29,944,000 29,944,000 33,477,000 31,842,000 154,094,000 32,054,000 39,057,000 39,057,000 36,516,000 37,178,000 41,343,000 186,721,000 59,172,000  127,549,000 41,880,000 41,443,000 44,227,000 46,363,000 46,306,000 46,845,000 47,015,000 44,072,000 42,917,000 42,917,000 42,531,000 41,186,000 42,274,000 157,020,000 41,287,000  40,832,000 40,627,000 34,274,000 164,606,000 36,568,000  36,906,000 91,132,000 44,271,000 46,860,000 46,638,000  53,409,000 51,398,000 
      voyage expenses
    		-16,728,000 -2,334,000 -5,419,000 -21,666,000   -9,753,000 -9,284,000 -3,430,000 -7,806,000 -4,376,000 -4,716,000 -4,716,000 -5,080,000 -18,583,000 -31,787,000 -13,715,000 -13,203,000 -5,051,000 -5,051,000 -3,581,000 -2,110,000 -2,973,000 -1,458,000 -1,458,000 -1,613,000 -1,802,000 -1,506,000 -573,000 -893,000 -1,014,000 -1,452,000 -1,490,000  -6,189,000 -1,218,000 -4,971,000 -1,180,000 -3,791,000 -3,004,000 -3,004,000 -4,958,000 -5,075,000 -19,429,000 -4,819,000 -4,376,000 -4,377,000 -6,059,000 -4,638,000 -4,355,000 -10,207,000 -1,535,000  -8,673,000 -3,383,000 -1,255,000 -4,035,000 -1,379,000 -1,379,000 -2,340,000 -2,255,000 -1,311,000 -947,000 -947,000 -233,000 -756,000 -51,000 -610,000 -134,000  -184,000 -257,000 -35,000 -577,000 -97,000  -261,000 -219,000 -151,000 -67,000 -104,000  -52,000 -58,000 
      vessel operating expenses
    		-92,601,000 -21,315,000 -22,121,000 -89,201,000   -72,049,000 -53,467,000 -18,406,000 -36,294,000 -17,888,000 -15,370,000 -15,370,000 -18,917,000 -18,000,000 -35,799,000 -68,569,000 -17,799,000 -19,249,000 -19,249,000 -16,776,000 -17,220,000 -15,323,000 -16,418,000 -16,418,000 -15,442,000 -17,149,000 -14,503,000 -13,699,000 -13,391,000 -13,462,000 -12,242,000 -12,633,000  -36,886,000 -12,303,000 -24,583,000 -12,494,000 -12,089,000 -13,485,000 -13,485,000 -15,059,000 -12,576,000 -50,634,000 -14,349,000 -12,442,000 -12,442,000 -12,976,000 -12,568,000 -12,648,000 -41,964,000 -10,882,000  -31,081,000 -10,724,000 -10,443,000 -9,914,000 -9,793,000 -9,794,000 -8,266,000 -8,383,000 -8,097,000 -7,188,000 -7,187,000 -6,613,000 -6,521,000 -5,744,000 -23,128,000 -6,289,000  -5,926,000 -5,928,000 -4,985,000 -19,628,000 -5,220,000  -5,030,000 -9,378,000 -4,616,000 -4,762,000 -5,010,000  -3,778,000 -4,832,000 
      depreciation and amortization
    		-58,135,000   -54,129,000   -52,364,000                                                                              
      general and administrative expenses
    		 -5,017,250 -6,996,000      -5,618,000  -5,479,000 -5,677,000 -3,956,250 -5,480,000 -5,230,000   -5,115,000 -5,332,000 -3,826,750 -5,140,000 -5,096,000 -5,071,000 -5,221,000 -3,505,250 -5,300,000 -4,564,000 -4,156,000 -3,001,000 -4,067,000 -4,002,000 -3,935,000 -3,687,000  -11,694,000 -4,066,000 -7,628,000 -3,653,000 -3,975,000 -4,101,000 -2,629,000 -3,911,000 -3,378,000  -3,227,000 -3,472,000 -2,464,750 -3,368,000 -3,487,000 -3,004,000  -3,097,000  -8,263,000 -2,703,000 -2,919,000 -2,642,000 -2,741,000 -1,801,250 -2,404,000 -2,469,000 -2,333,000 -2,471,000 -1,504,500 -2,126,000 -1,954,000 -1,938,000  -2,011,000  -1,945,000 -1,542,000 -1,521,000  -1,544,000  -1,774,000 -3,728,000 -1,881,000 -1,847,000 -1,703,000  -1,625,000  
      management fee to related parties
    		-21,357,000                                                                                    
      company administration expenses
    		-5,678,000                                                                                    
      early redelivery income
    		       7,470,000  7,555,000 7,555,000                                        7,050,000   7,050,000  7,050,000  11,677,000     106,000         1,835,000             
      other operating costs
    		-1,262,000                                                                                    
      gain on sale of assets
    		16,555,000  7,674,000 10,375,000   11,579,000                                                             15,199,000                 
      operating income
    		128,427,000 24,640,000 34,392,000 104,148,000   191,416,000  39,145,000 66,731,000 27,586,000 12,351,000 12,351,000 8,627,000 -6,991,000 -10,500,000 44,051,000 -3,509,000 10,613,000 10,614,000 12,137,000 8,663,000 12,638,000 16,958,000 16,958,000 15,544,000 11,649,000 11,735,000 -81,278,000 5,812,000 3,701,000 2,463,000 850,000  -32,261,000 -19,143,000 -13,118,000 -3,347,000 -9,771,000 -25,793,000 -25,793,000 -3,038,000 -1,254,000 26,716,000 -1,931,000 3,614,000 3,613,000 3,214,000 5,719,000 14,170,000 92,846,000 33,878,000  58,968,000 15,445,000 24,723,000 18,800,000 35,372,000 35,314,000 25,560,000 26,010,000 25,009,000 25,846,000 25,847,000 27,721,000 26,310,000 29,059,000 121,922,000 27,432,000  27,342,000 29,594,000 37,554,000 177,714,000 25,766,000  29,319,000 122,629,000 55,938,000 66,691,000 36,991,000  45,340,000 41,215,000 
      yoy
    		  -82.03%    593.89%  216.94% 673.51% -494.59% -217.63% -71.96% -345.85% -165.87% -198.93% 262.95% -140.51% -16.02% -37.41% -28.43% -44.27% 8.49% 44.51% -120.86% 167.45% 214.75% 376.45% -9662.12%  -111.47% -112.87% -106.48%  230.17% -25.78% -49.14% 10.17% 679.19% -196.55% 1235.73% -184.06% -134.71% 731.24% -133.76% -74.50% -96.11% -90.51%  -75.97% 501.14% 37.03%  66.71% -56.26% -3.27% -27.72% 41.44% 36.63% -1.11% -6.17% -4.94% -11.06% -78.80% 1.05%  6.28% 311.98% -26.95%  6.12%  28.09% 44.92% -53.94%  -20.74%  23.37% 61.81%     
      qoq
    		421.21% -28.36% -66.98%      -41.34% 141.90% 123.35% 0.00% 43.17% -223.40% -33.42% -123.84% -1355.37% -133.06% -0.01% -12.55% 40.10% -31.45% -25.47% 0.00% 9.10% 33.44% -0.73% -114.44% -1498.45% 57.04% 50.26% 189.76%   68.53% 45.93% 291.93% -65.75% -62.12% 0.00% 749.01% 142.26% -104.69% -1483.53% -153.43% 0.03% 12.41% -43.80% -59.64% -84.74% 174.06%   281.79% -37.53% 31.51% -46.85% 0.16% 38.16% -1.73% 4.00% -3.24% -0.00% -6.76% 5.36% -9.46% -76.17% 344.45%   -7.61% -21.20% -78.87% 589.72%   -76.09% 119.22% -16.12% 80.29%   10.01%  
      interest expense
    		-31,375,000 -7,854,000 -7,681,000 -24,707,000   -14,719,000 -11,826,000 -4,062,000 -8,314,000 -4,252,000 -4,333,000 -4,333,000 -4,608,000 -5,868,000 -12,292,000 -26,815,000 -6,424,000 -6,174,000 -6,174,000 -6,634,000 -6,979,000 -7,029,000 -6,680,000 -6,680,000 -6,759,000 -6,488,000 -5,786,000 -5,558,000 -6,072,000 -5,893,000 -5,701,000 -5,111,000  -14,465,000 -4,780,000 -9,685,000 -4,864,000 -4,821,000 -4,244,000 -4,244,000 -2,831,000 -2,429,000 -8,335,000 -2,146,000 -1,925,000 -1,926,000 -2,016,000 -2,228,000 -2,165,000 -9,086,000 -2,110,000  -6,976,000 -2,104,000 -2,297,000 -2,575,000 -2,885,000 -2,885,000 -2,291,000 -2,071,000 -1,825,000 -1,510,000 -1,510,000 -1,098,000 -926,000 -1,716,000 -6,423,000 -1,652,000  -1,754,000 -1,558,000 -1,459,000 -10,342,000 -1,523,000  -1,941,000 -6,878,000 -3,148,000 -3,730,000 -4,010,000  -4,109,000 -4,239,000 
      other finance costs
    		-618,000                          -414,000 -132,000 -108,750 -90,000 -296,000 -49,000 -266,000  -1,469,000  -1,247,000 -161,000 -1,086,000 -205,000   -155,000 -1,132,000 -608,000 -504,000 -503,000 -211,000 -200,000 -218,000 -1,032,000 -354,000  -678,000 -229,000 -233,000 -216,000 -243,000 -242,000 -415,000 -219,000 -390,000 -187,000 -187,000 -748,000 -63,000 -57,000 -330,000 -147,000  -49,000 -43,000 -90,000 -442,000 -51,000  -143,000 -248,000 -71,000 -177,000 -145,000  -103,000 -77,000 
      interest income
    		3,396,000 1,027,000 725,000 2,497,000   69,000 63,000 19,000 52,000 33,000 41,000 41,000 44,000 135,000 519,000 1,558,000 384,000 328,000 328,000 410,000 399,000 422,000 236,000 236,000 261,000 218,000 214,000 193,000 213,000 257,000 136,000 130,000  385,000 97,000 288,000 151,000 137,000 32,000 32,000 17,000 23,000 821,000 14,000 63,000 63,000 272,000 255,000 231,000 1,008,000 246,000  763,000 249,000 243,000 271,000 288,000 345,000 281,000 272,000 282,000 259,000 259,000 259,000 242,000 286,000 2,627,000 380,000  474,000 1,301,000 471,000 2,164,000 298,000  1,025,000 841,000 384,000 457,000 536,000  374,000 205,000 
      gain on derivatives
    		-3,670,000 -265,500 1,097,000 523,000       -896,000    -783,000  -121,000 47,000 -121,000       8,000  17,000 21,000  -46,000 101,000 251,000   357,000    692,000 692,000 -1,010,000  -1,977,000  -932,000 -932,000 499,000 -1,097,000 -447,000 813,000 -269,000   -1,454,000 2,473,000 63,000 65,000     -175,000      4,882,000   -4,876,000     -6,006,000 2,831,000 5,058,000    -3,112,000 7,160,000 
      foreign currency gain
    		4,172,000 -231,250 -2,631,000      407,000 -175,000 -582,000 425,000 425,000 57,000 233,000 434,000 -76,000 201,000 219,000   157,000 -239,000 -213,000 -213,000 -87,000 -618,000 248,000 237,000 561,000 789,000 195,000 -376,000  300,000 110,000 190,000 -109,000 299,000 61,000 61,000 45,000 79,000 13,000 162,000 86,000 86,000 24,000 -59,000 -38,000    -2,000 -29,000 -10,000 36,000  -15,000 12,000 10,000  -390,000   -222,000  281,000 287,000  -16,000 28,000 -18,000 838,000 -65,000  -57,000 960,000 -28,000 987,000   922,000 234,000 
      amortization and write-off of deferred finance charges
    		-2,956,000 -760,000 -683,000 -2,481,000   -2,898,000 -1,808,000 -724,000 -1,144,000 -420,000 -402,000 -402,000 -429,000 -401,000 -896,000 -1,845,000 -495,000 -809,000 -810,000 -358,000 -344,000 -334,000 -426,000 -427,000 -798,000 -227,000 -342,000 -72,000 -1,878,000 -108,000 -399,000 -115,000  -2,948,000 -937,000 -2,011,000 -431,000 -1,580,000 -445,000 -445,000 -1,455,000 -511,000 -1,472,000 -382,000 -550,000 -549,000 -304,000 -318,000 -301,000 -1,252,000 -334,000  -918,000 -283,000 -325,000 -310,000 -359,000 -359,000 -323,000 -332,000 -211,000 -290,000 -290,000 -185,000 -89,000 -89,000 -266,000 -50,000  -60,000 -50,000 -106,000 -106,000 -20,000  -38,000 -48,000 -21,000 -27,000 -22,000  -65,000 -18,000 
      net income
    		97,376,000 19,361,000 25,123,000 77,351,000     32,446,000 53,764,000 21,318,000 7,614,000 7,614,000 3,311,000 -13,881,000 -23,830,000 16,038,000 -9,949,000 3,554,000 3,554,000 5,247,000 1,818,000 5,419,000 9,537,000 9,537,000 8,079,000 4,114,000 5,954,000 -86,560,000 6,731,000 -1,596,000 -3,254,000 -4,637,000  -51,329,000 -24,518,000 -26,811,000 -9,026,000 -17,785,000 -29,902,000 -29,902,000 -7,546,000 -4,449,000 14,634,000 -6,047,000 -148,000 -148,000 1,478,000 2,072,000 11,232,000 83,257,000 31,019,000  52,239,000 11,595,000 24,574,000 16,069,000 32,223,000 32,223,000 20,743,000 21,543,000 21,614,000 23,553,000 23,555,000 19,766,000 19,107,000 27,308,000 109,647,000 31,132,000  22,009,000 24,396,000 32,110,000 165,410,000 23,164,000  22,159,000 120,087,000 58,112,000 61,975,000 11,887,000  39,247,000 44,480,000 
      yoy
    		        326.14% 1523.80% -253.58% -131.95% -52.53% -133.28% -490.57% -770.51% 205.66% -647.25% -34.42% -62.73% -44.98% -77.50% 31.72% 60.18% -111.02% 20.03% -357.77% -282.97% 1766.72%  -96.89% -86.73% -82.70%  188.61% -18.01% -10.34% 19.61% 299.75% -304.33% 394.49% 4998.65% 2906.08% 890.12% -391.84% -101.32% -100.18% -95.24%  -78.50% 618.04% 26.23%  62.12% -64.02% 18.47% -25.41% 49.08% 36.81% -11.94% 8.99% 13.12% -13.75% -78.52% -36.51%  24.08% 349.45% -3.05%  -4.99%  44.91% 37.74% -60.14%  86.41%  48.07% 39.33%     
      qoq
    		402.95% -22.94% -67.52%      -39.65% 152.20% 179.98% 0.00% 129.96% -123.85% -41.75% -248.58% -261.20% -379.94% 0.00% -32.27% 188.61% -66.45% -43.18% 0.00% 18.05% 96.38% -30.90% -106.88% -1385.99% -521.74% -50.95% -29.83%   109.35% -8.55% 197.04% -49.25% -40.52% 0.00% 296.26% 69.61% -130.40% -342.00% 3985.81% 0.00% -110.01% -28.67% -81.55% -86.51% 168.41%   350.53% -52.82% 52.93% -50.13% 0.00% 55.34% -3.71% -0.33% -8.23% -0.01% 19.17% 3.45% -30.03% -75.09% 252.20%   -9.78% -24.02% -80.59% 614.08%   -81.55% 106.65% -6.23% 421.37%   -11.76%  
      earnings per share of common stock, basic and diluted
    		0.83                                                                                    
      cash dividends declared per share of common stock
    		0.2                                                                                    
      cash dividends declared per share of preferred c shares
    		2                                                                                    
      cash dividends declared per share of preferred d shares
    		2                                                                                    
      weighted-average number of shares of common stock outstanding, basic and diluted
    		107,576,009                                                                                    
      revenues:
    		                                                                                    
      expenses:
    		                                                                                    
      depreciation
    		 -10,790,000 -14,669,000     -39,153,000 -13,006,000 -26,330,000 -13,324,000 -13,874,000 -13,874,000 -13,829,000 -13,459,000 -26,565,000 -50,310,000 -13,107,000 -12,935,000 -12,935,000 -12,669,000 -12,426,000 -12,280,000 -12,518,000 -12,518,000 -12,164,000 -11,785,000 -11,601,000 -12,981,000 -12,972,000 -12,831,000 -12,640,000 -12,686,000  -36,799,000 -12,673,000 -24,126,000 -12,260,000 -11,866,000 -12,175,000 -12,175,000 -12,257,000 -11,602,000 -43,084,000 -11,099,000 -11,152,000 -11,152,000 -10,899,000 -10,766,000 -10,267,000 -37,394,000 -9,780,000  -27,614,000 -9,625,000 -9,153,000 -8,836,000 -8,755,000 -8,755,000 -8,275,000 -7,898,000 -7,322,000 -6,571,000 -6,571,000 -5,838,000 -5,645,000 -5,583,000 -19,673,000 -5,421,000  -5,242,000 -5,141,000 -3,868,000 -13,893,000 -3,941,000  -3,409,000 -6,543,000 -3,364,000 -3,179,000 -2,830,000  -2,614,000 -2,585,000 
      other income:
    		                                                                                    
      other finance cost
    		 -181,000 -96,000 -756,000   -798,000 -462,000 -73,000 -224,000 -151,000 -174,000 -174,000 -108,000 -206,000 -359,000  -153,000 -502,000 -53,000 -95,000 -78,000 -39,000                                                              
      less preferred dividend
    		 1,500,000 2,000,000     8,318,000 2,746,000 5,571,000 2,825,000 2,878,000 2,155,500 2,876,000 2,874,000 5,746,000 11,498,000 2,872,000 2,878,000 2,878,000 2,875,000 2,873,000 2,872,000 2,873,000 2,873,000 2,874,000 2,780,000 2,858,000 2,941,000 2,940,000 2,942,000 3,493,000 3,495,000  10,530,000 3,502,000 7,027,000 3,512,000 3,515,000 3,550,000 3,550,000 3,550,000 3,550,000 9,390,000 3,550,000 3,550,000 3,550,000 3,550,000 1,499,000 800,000 1,787,000 818,000  969,000 818,000 151,000                             
      net income available to common shareholders
    		 17,361,000 23,123,000 69,351,000     29,700,000 48,464,000 18,764,000 4,323,000 4,323,000 75,000 -16,808,000 -29,711,000 4,341,000 -12,903,000 780,000 781,000 2,372,000 -1,359,000 2,547,000 6,664,000 6,664,000 5,205,000 1,334,000 3,096,000 -2,410,000 3,791,000          -33,452,000 -33,452,000 -11,096,000  5,244,000 -9,597,000  -3,698,000 -2,072,000 573,000 10,432,000 81,470,000 30,201,000  51,270,000 10,777,000 24,423,000                             
      earnings per share basic and diluted
    		 0.168 0.22      0.27  0.18 0.04 -0.073  -0.16   -0.12 0.01 0.01 0.02 -0.01 0.03 0.07 0.023 0.05 0.01  -0.025 0.04                                                       
      weighted-average number of shares
    		  106,774,053      109,696,378  103,363,376 102,186,132  102,160,308 102,726,265   103,408,846 102,631,267  101,279,564 101,262,808 101,564,355 102,100,829  101,559,492 101,549,872 101,540,728  101,521,234 101,363,578 99,284,181 87,364,672   83,601,283  83,571,957 83,542,291 83,504,266  83,480,875 83,470,867  83,462,059 83,454,102  83,448,120 83,444,365 83,441,135  79,916,260   76,684,316 76,679,328 76,673,484 76,665,956  76,658,865 76,653,848 71,868,950 70,894,420  70,889,569 70,116,022 65,881,600  65,878,212  65,874,601 65,870,573 55,435,436  54,513,787  54,512,014  54,510,002 54,506,448 545,013,344  54,500,000 54,500,000 
      - management fee to related parties
    		   -19,199,000   -19,221,000 -14,636,000  -9,788,000      -9,013,000 -18,050,000                                                                    
      - company administration expenses
    		   -4,564,000   -3,277,000 -2,388,000  -1,309,000      -1,332,000 -2,589,000                                                                    
      other operating expense
    		   -1,869,000             -414,000               -475,000                                                     
      other (expense)/income:
    		                                                                                    
      foreign currency loss
    		   -1,873,000                -73,750 -213,000                              -40,000 -38,000      -15,000    -10,000  -102,250 -18,000  -169,000              -498,000    
      less preferred dividend attributable to preferred shareholders
    		   8,000,000   11,064,000                                                                              
      plus mezzanine equity measurement
    		                                                                                    
      earnings per share in u.s. dollars, basic and diluted
    		   0.61      0.45      -0.29 0.04                           0.06       1.05   0.67              1.73      3.03           
      weighted-average number of shares, basic and diluted
    		 107,576,009  113,619,092  120,653,507 113,716,354 111,044,439  106,547,372   102,617,944   103,067,556 101,686,312   101,686,312     101,604,339    100,932,876     84,526,411 83,573,418  83,557,124    83,479,636   83,446,970   83,446,970      77,495,029 76,679,082     75,468,465     69,463,093    63,300,466  63,300,466    54,510,587  54,510,587      54,500,889   
      early redelivery (cost)/income
    		      7,470,000                                                         25,250   101,000 132,000          72,064,000 42,378,000 29,686,000     
      (loss)/gain on derivatives
    		      2,188,000                                                                              
      foreign currency (loss)/gain
    		      -910,000                                                                              
      net income/
    		      174,348,000                                                                              
      less mezzanine equity measurement
    		      -271,000     413,000 413,000 360,000 53,000 135,000  82,000  76,000                                                                 
      net income/(loss) available to common shareholders
    		      163,555,000                                                                              
      earnings/(loss) per share in u.s. dollars, basic and diluted
    		      1.44                                                                              
      gain on sale of vessels
    		       632,000                                                                             
      operating (loss)/income
    		       125,764,000                                                                             
      loss on derivatives
    		       -1,977,000 -2,266,000 -3,162,000  -294,000 -252,250 -272,000  -736,000                   -871,000  -1,228,000 -265,000 -963,000    -202,000  -1,156,000         1,082,000     65,000 -2,081,000 -2,127,000 -1,241,000  -174,000 -6,165,000 -6,145,000  -8,164,000   -3,928,000  -4,242,000 -4,416,000 -1,241,000     -2,226,000 -20,965,000    
      foreign currency gain/
    		       -611,000                                                                             
      net (loss)/income
    		       109,143,000                                                                             
      less/(plus) mezzanine equity measurement
    		       -271,000  -271,000                                                                           
      net (loss)/income available to common shareholders
    		       101,096,000                                                                             
      (loss)/earnings per share in u.s. dollars, basic and diluted
    		       0.91                                                                             
      impairment and loss on assets
    		        -1,973,000                                                                            
      impairment and loss on sale of vessels
    		         -3,393,000                                                                           
      impairment and loss on vessels held for sale
    		          -1,420,000                                                                          
      mezzanine equity measurement
    		          -271,000                                                                          
      loss from inventory valuation
    		           -241,000                            -146,000 -146,000 -330,000 -465,000 -4,001,000 -491,000 -4,001,000                                       
      early redelivery cost
    		                -63,000    -63,000     -35,000 -70,000  -996,000 -182,000                    -532,000                                  -197,000 
      loss on sale of assets
    		                               -120,000   -2,750,000  -2,750,000  -2,750,000                                              
      impairment loss
    		                                  -17,163,000 -17,163,000    -22,826,000                                             
      other finance income/
    		                -714,000        -159,000 -90,000          -222,000                                                 
      less preferred deemed dividend
    		                199,000              2,146,000                                                      
      loss on inventory valuation
    		                  -66,000 -87,000 -348,000                                                                
      (less)/plus mezzanine equity measurement
    		                  -104,000                                                                  
      less mezzanine equity measurement adjustment
    		                     304,000                                                               
      other finance (cost)/income
    		                       -338,000                                                             
      income per share basic and diluted
    		                           0.03                                                         
      other operating income
    		                                -364,000  1,158,000 1,158,000                                                 
      gain on debt extinguishment
    		                            2,047,250 8,189,000                                                       
      net loss available to common shareholders
    		                              -6,684,000 -6,747,000 -8,132,000  -61,859,000 -28,020,000 -33,838,000 -12,538,000 -21,300,000                                              
      loss per share basic and diluted
    		                              -0.07 -0.07    -0.34  -0.15 -0.25                                              
      loss on sale of asset
    		                                                                                    
      loss per share
    		                                -0.09                                                    
      loss per share, basic and diluted
    		                                  -0.74                                                  
      loss per share in u.s. dollars, basic and diluted
    		                                    -0.4                                                
      gain on asset purchase cancellation
    		                                           3,633,000      3,633,000                                   
      earnings per share
    		                                       -0.4 -0.085 -0.13 -0.1  -0.11  0.028 -0.02 0.01 0.13  0.38   0.14 0.32 0.21 0.42 0.213 0.27 0.28 0.3 0.33 0.24 0.28 0.27 0.41  0.47  0.33 0.37 0.58  0.42  0.41  1.07 1.14 0.22  0.72 0.82 
      other finance (costs)/income
    		                                        -9,250 726,000                                           
      net incomeavailable to common shareholders
    		                                          -7,999,000                                          
      -management fee to related party
    		                                           -8,962,000       -8,379,000                 -4,880,000      -4,436,000           
      -public company expenses
    		                                           -4,369,000       -2,981,000                                  
      early redelivery income/(cost)
    		                                           -532,000                                         
      early redelivery income/
    		                                              -133,000                          -1,510,000    2,887,000        
      net income available for common shareholders
    		                                             -3,698,000                                       
      earningsper share
    		                                             -0.04                                       
      early redelivery income /
    		                                                                                    
      weighted average number of shares, basic and diluted
    		                                                  77,495,029                           54,508,235       
      gain on sale of asset
    		                                                                        15,199,000            
      -third party expenses
    		                                                                   -2,138,000      -2,610,000           
      loss on asset purchase cancellations
    		                                                                         -20,699,000           
      loss on asset cancellations
    		                                                                             -20,699,000 -20,699,000      
      early redelivery income-net
    		                                                                      -193,000              
      early redelivery (cost) / income
    		                                                                         74,951,000           
      earnings per share, basic and diluted
    		                                                                             2.2       
      general and administrative expenses - management fee to related party
    		                                                                                   -2,511,000 
      pro form earnings per share
    		                                                                                    
      pro forma weighted-average number of shares4
    		                                                                                    
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-11-26 2025-07-30 2025-05-20 2025-02-19 2024-12-31 2024-11-14 2024-07-30 2024-04-29 2024-02-13 2023-12-31 2023-11-08 2023-07-27 2023-05-11 2023-02-15 2022-12-31 2022-11-10 2022-07-28 2022-05-26 2022-03-09 2021-11-03 2021-09-30 2021-07-29 2021-06-30 2021-05-05 2021-02-16 2020-12-31 2020-11-12 2020-08-05 2020-06-30 2020-06-08 2020-02-27 2019-12-31 2019-10-25 2019-09-04 2019-05-28 2019-02-19 2018-12-31 2018-11-08 2018-07-26 2018-05-31 2018-02-16 2017-12-31 2017-11-01 2017-07-27 2017-05-19 2017-02-24 2016-12-31 2016-11-01 2016-09-30 2016-07-29 2016-06-30 2016-06-03 2016-02-11 2015-12-31 2015-11-10 2015-07-31 2015-06-09 2015-02-27 2014-12-31 2014-11-06 2014-07-30 2014-05-29 2014-02-26 2013-12-31 2013-11-05 2013-09-30 2013-08-22 2013-05-15 2013-02-20 2012-12-31 2012-11-14 2012-08-07 2012-05-08 2012-02-14 2011-12-31 2011-10-17 2011-07-21 2011-05-04 2011-03-14 2011-02-09 2010-12-31 2010-11-08 2010-07-27 2010-05-10 2010-03-24 2009-12-31 2009-10-08 2009-02-09 2008-12-31 2008-11-03 2008-08-11 
                                                                                                 
        assets
      		                                                                                           
        cash and cash equivalents, time deposits, and restricted cash
      		115,246,000 117,428,000 120,214,000 128,422,000  85,292,000 72,281,000 78,705,000 89,942,000  74,061,000 79,236,000 89,819,000 114,377,000  111,188,000 129,109,000 156,062,000 102,084,000                                                                         
        other current assets
      		43,708,000 43,914,000 32,165,000 36,969,000  34,225,000 29,543,000 30,509,000 32,550,000  31,862,000 27,286,000 28,358,000 31,344,000  39,566,000 22,850,000 22,973,000 22,032,000 16,772,000  18,323,000  20,675,000 21,459,000  22,238,000 20,148,000  35,825,000 29,611,000  27,039,000 24,949,000 21,665,000 19,178,000  17,444,000 16,342,000 17,004,000 19,070,000  15,872,000 12,901,000 16,370,000 16,195,000  13,398,000  16,997,000  13,904,000 14,419,000  18,031,000 21,066,000 20,299,000 17,642,000  22,069,000 25,086,000 21,728,000 51,764,000  50,350,000  52,106,000 47,791,000 46,305,000  12,033,000 12,865,000 11,142,000 9,838,000  9,397,000 5,917,000 5,277,000  3,861,000  3,822,000 3,876,000 6,219,000        
        vessels
      		1,120,508,000 1,153,157,000 1,129,703,000 1,144,318,000 1,144,318,000 1,122,000,000 1,099,030,000 1,109,467,000 1,091,518,000 1,091,518,000 1,063,071,000 1,039,133,000 1,015,480,000 1,001,120,000 1,001,120,000 981,978,000 941,591,000 888,392,000 864,391,000 851,549,000 851,549,000 859,960,000 859,960,000 933,575,000 942,164,000 942,164,000 962,686,000 971,377,000 971,377,000 936,219,000 944,706,000 944,706,000 932,404,000 931,464,000 942,997,000 955,291,000 955,291,000 965,665,000 950,282,000 931,275,000 942,876,000 942,876,000 1,031,097,000 1,044,069,000 1,056,901,000 1,038,719,000 1,038,719,000 1,051,405,000 1,051,405,000 1,032,894,000 1,032,894,000 1,045,154,000 988,161,000 988,161,000 1,044,984,000 1,026,221,000 1,007,043,000 960,423,000 960,423,000 971,575,000 953,715,000 964,481,000 855,200,000 855,200,000 864,979,000 864,979,000 825,272,000 834,424,000 810,001,000 810,001,000 804,602,000 762,311,000 738,320,000 655,356,000 655,356,000 581,306,000 530,017,000 535,661,000 541,244,000 541,244,000 541,244,000    373,924,000 373,924,000   286,955,000   
        advances for vessels
      		77,613,000 78,087,000 89,619,000 85,204,000 85,204,000 96,695,000 113,081,000 83,210,000 89,703,000 89,703,000 74,728,000 78,531,000 77,157,000 76,280,000 76,280,000 64,643,000 62,338,000 63,204,000 56,484,000 57,852,000 57,852,000 31,205,000 31,205,000 9,583,000 9,126,000 9,126,000 609,000 2,464,000 2,464,000 23,005,000 19,294,000 19,294,000 21,623,000 19,904,000 10,731,000 8,596,000 8,596,000   3,976,000  3,653,000                                                  
        restricted cash non-current
      		8,675,000 7,875,000 7,475,000 7,475,000  7,275,000 9,275,000 8,375,000 8,850,000  9,250,000 9,250,000 8,900,000 8,900,000  10,500,000 10,250,000 10,250,000 10,250,000 11,276,000  12,150,000  17,354,000 18,754,000  17,155,000 17,651,000  16,701,000 13,701,000  10,700,000 10,701,000 10,401,000 10,401,000  8,251,000 8,001,000 8,651,000 8,651,000  7,401,000 8,151,000 9,151,000 10,002,000  10,275,000  10,284,000  9,965,000 7,837,000  5,928,000 3,954,000 4,263,000 4,263,000  2,663,000 2,663,000 1,673,000 1,423,000  3,923,000  3,923,000 3,923,000 3,923,000  5,923,000 5,423,000 5,423,000 5,423,000  5,423,000 5,423,000 5,423,000  5,423,000            
        other non-current assets
      		6,862,000 8,790,000 2,162,000 708,000  2,504,000 1,671,000 1,843,000 3,024,000  1,756,000 3,139,000 2,744,000 1,917,000  305,000 609,000 836,000 7,141,000 3,314,000  2,630,000  3,486,000 851,000  681,000 814,000  1,058,000 953,000  752,000 915,000 693,000 649,000  807,000 907,000 826,000 831,000  811,000 815,000 924,000 1,017,000  971,000  1,565,000  1,855,000 2,115,000  9,700,000 7,095,000 7,156,000 7,508,000  7,070,000 6,181,000 6,527,000 6,109,000  6,295,000  7,007,000 6,294,000 6,559,000  7,104,000 6,429,000 6,065,000 6,226,000  6,288,000 7,151,000 5,691,000  5,415,000  950,000 793,000 693,000        
        total assets
      		1,372,612,000 1,409,251,000 1,381,338,000 1,403,096,000 1,403,096,000 1,347,991,000 1,337,874,000 1,351,100,000 1,339,816,000 1,339,816,000 1,254,728,000 1,254,435,000 1,240,345,000 1,245,918,000 1,245,918,000 1,250,154,000 1,197,949,000 1,173,290,000 1,094,320,000 1,063,808,000 1,063,808,000 1,077,459,000 1,077,459,000 1,113,163,000 1,105,629,000 1,105,629,000 1,092,904,000 1,113,589,000 1,113,589,000 1,105,422,000 1,114,643,000 1,114,643,000 1,068,839,000 1,067,473,000 1,059,006,000 1,076,199,000 1,076,199,000 1,039,127,000 1,044,653,000 1,022,997,000 1,035,097,000 1,035,097,000 1,126,589,000 1,155,493,000 1,186,126,000 1,173,753,000 1,173,753,000 1,167,533,000 1,167,533,000 1,217,506,000 1,217,506,000 1,233,882,000 1,309,631,000 1,309,631,000 1,314,212,000 1,244,268,000 1,229,120,000 1,182,329,000 1,182,329,000 1,192,829,000 1,257,231,000 1,137,511,000 1,112,216,000 1,112,216,000 1,056,124,000 1,056,124,000 1,060,546,000 1,034,601,000 1,082,214,000 1,082,214,000 1,061,863,000 922,713,000 909,064,000 877,271,000 877,271,000 828,931,000 799,963,000 808,245,000 805,372,000 805,372,000 805,372,000 787,434,000 741,689,000 729,400,000 628,724,000 628,724,000 602,310,000 482,282,000 482,282,000 432,645,000 381,269,000 
        liabilities and equity
      		                                                                                           
        current portion of long-term debt
      		34,500,000 61,948,000 59,510,000 58,191,000 58,191,000 60,213,000 24,370,000 30,172,000 24,781,000 24,781,000 21,063,000 45,224,000 22,844,000 43,556,000 43,556,000 26,378,000 23,510,000 21,723,000 39,912,000 34,394,000 34,394,000 27,270,000 27,270,000 88,177,000 75,784,000 75,784,000 68,291,000 62,418,000 62,418,000 74,242,000 64,054,000 64,054,000 56,188,000 45,586,000 45,097,000 36,185,000 36,185,000 65,304,000 71,239,000 48,046,000 25,588,000 25,588,000 24,908,000 53,946,000 12,115,000 12,177,000 12,177,000 11,560,000 11,560,000 31,306,000 31,306,000 27,640,000 77,467,000 77,467,000 29,371,000 27,467,000 20,120,000 17,121,000 17,121,000 27,205,000 71,990,000 72,312,000 35,185,000 35,185,000 34,848,000 34,848,000 15,069,000 22,576,000 19,199,000 19,199,000 23,821,000 19,196,000 16,453,000 18,486,000 18,486,000 15,973,000 19,254,000 28,594,000 27,674,000  27,674,000 25,137,000 21,667,000 18,367,000 15,742,000 15,742,000 19,104,000  54,807,000 20,524,000 18,328,000 
        other current liabilities
      		24,026,000 32,892,000 27,991,000 28,281,000  28,806,000 29,934,000 27,835,000 30,204,000  30,114,000 30,995,000 33,377,000 30,831,000  28,113,000 33,132,000 30,768,000 26,835,000 23,779,000  23,256,000  27,092,000 24,948,000  20,865,000 26,853,000  24,549,000 22,730,000  20,494,000 16,720,000 12,353,000 18,421,000  13,654,000 16,577,000 11,076,000 11,345,000  11,732,000 13,647,000 12,447,000 11,603,000  9,930,000  9,605,000  9,926,000 11,535,000  14,268,000 9,701,000 13,072,000 11,597,000  15,100,000 18,590,000 20,582,000 22,119,000  23,260,000  26,988,000 31,165,000 28,294,000  32,325,000 38,269,000 35,872,000 33,187,000  32,159,000 32,132,000 24,651,000  25,309,000  17,491,000 18,840,000 22,689,000        
        long-term debt
      		481,776,000 490,638,000 460,210,000 478,450,000 478,450,000 429,561,000 466,778,000 495,092,000 482,391,000 482,391,000 419,606,000 400,483,000 393,230,000 370,806,000 370,806,000 410,832,000 401,240,000 379,830,000 315,796,000 371,311,000 371,311,000 446,923,000 446,923,000 509,277,000 531,883,000 531,883,000 540,562,000 563,030,000 563,030,000 531,007,000 536,995,000 536,995,000 507,586,000 522,869,000 518,369,000 538,508,000 538,508,000 486,711,000 488,708,000 514,019,000 541,816,000 541,816,000 544,104,000 545,381,000 588,862,000 569,781,000 569,781,000 572,816,000 572,816,000 576,314,000 576,314,000 583,315,000 569,399,000 569,399,000 600,819,000 525,882,000 505,667,000 452,447,000 452,447,000 441,302,000 451,254,000 458,560,000 473,110,000 473,110,000 485,301,000 485,301,000 510,527,000 527,944,000 596,468,000 596,468,000 593,205,000 460,515,000 457,571,000 465,805,000 465,805,000 429,568,000 406,988,000 457,773,000 467,070,000 467,070,000 467,070,000 472,070,000 442,267,000 447,267,000 420,994,000 420,994,000 427,434,000  413,483,000 406,876,000 388,096,000 
        other non-current liabilities
      		6,029,000 8,197,000 6,815,000 6,556,000  4,049,000 9,252,000 9,207,000 9,181,000  10,225,000 10,488,000 11,190,000 11,879,000  13,894,000 13,055,000 13,383,000 10,592,000 9,489,000 2,216,000 8,485,000 1,838,000 7,065,000 6,172,000  5,226,000 3,793,000 759,000 2,400,000 922,000  330,000 333,000 196,000 253,000        500,000 1,000,000 1,656,000  2,417,000 1,960,000 959,000  888,000 360,000  1,594,000 1,157,000 1,397,000 1,065,000  1,584,000 2,297,000 2,267,000 3,466,000  7,584,000  10,042,000 14,794,000 12,397,000  15,076,000 16,570,000 21,054,000 27,951,000  32,335,000 31,854,000 35,638,000  41,186,000  49,887,000 48,225,000 44,933,000        
        shareholders’ equity
      		826,281,000 815,576,000 826,812,000 831,618,000  825,362,000 807,540,000 788,583,000 792,511,000  772,443,000 764,995,000 771,057,000 771,916,000  746,964,000 707,418,000 706,806,000 679,240,000 616,789,000  554,290,000  475,814,000 444,747,000  440,393,000 440,287,000  456,069,000 472,742,000  467,065,000 464,663,000 465,994,000 465,834,000  456,460,000 451,224,000 449,856,000 456,348,000  545,845,000 542,019,000 571,702,000 578,536,000  570,810,000  599,322,000  612,113,000 634,146,000  668,160,000 680,061,000 688,864,000 700,099,000  707,638,000 713,100,000 583,790,000 578,336,000  505,131,000  497,920,000 438,122,000 425,856,000  397,436,000 388,163,000 378,114,000 331,842,000  318,896,000 309,735,000 261,589,000  244,133,000  222,849,000 210,690,000 196,144,000        
        total liabilities and equity
      		1,372,612,000 1,409,251,000 1,381,338,000 1,403,096,000  1,347,991,000 1,337,874,000 1,351,100,000 1,339,816,000  1,254,728,000 1,254,435,000 1,240,345,000 1,245,918,000  1,250,154,000 1,197,949,000 1,173,290,000 1,094,320,000 1,063,808,000  1,077,459,000  1,113,163,000 1,105,629,000  1,092,904,000 1,113,589,000  1,105,422,000 1,114,643,000  1,068,839,000 1,067,473,000 1,059,006,000 1,076,199,000  1,039,127,000 1,044,653,000 1,022,997,000 1,035,097,000  1,126,589,000 1,155,493,000 1,186,126,000 1,173,753,000  1,167,533,000  1,217,506,000  1,233,882,000 1,309,631,000  1,314,212,000 1,244,268,000 1,229,120,000 1,182,329,000  1,192,829,000 1,257,231,000 1,137,511,000 1,112,216,000  1,056,124,000  1,060,546,000 1,034,601,000 1,082,214,000  1,061,863,000 922,713,000 909,064,000 877,271,000  828,931,000 799,963,000 808,245,000  805,372,000  787,434,000 741,689,000 729,400,000    482,282,000  432,645,000 381,269,000 
        assets held for sale
      		      12,993,000 38,991,000 24,229,000 24,229,000  17,860,000 17,887,000 11,980,000 11,980,000 11,146,000    25,701,000 25,701,000 37,981,000 37,981,000 15,700,000 8,057,000 8,057,000                           31,995,000 31,995,000                                      
        other financing liability
      		       211,000 748,000 748,000 1,277,000                                                                                 
        current assets:
      		                                                                                           
        cash and cash equivalents
      		    81,083,000     48,191,000     49,186,000      94,500,000  113,631,000   90,038,000   64,135,000   78,938,000     51,879,000     46,199,000     81,618,000  59,034,000  82,972,000   130,743,000     107,311,000     64,671,000  21,167,000    102,724,000     28,121,000    65,335,000  65,335,000    18,435,000 18,435,000 10,148,000  27,702,000   
        time deposits
      		    44,339,000     39,731,000     64,191,000      1,230,000  1,080,000   11,780,000   35,000,000   27,440,000     29,895,000     12,157,000                                                  
        accounts receivable
      		    13,346,000     8,786,000     6,475,000      4,521,000  4,421,000   4,884,000   4,461,000   15,359,000     11,142,000     10,608,000     8,235,000  6,384,000  7,510,000   6,540,000     4,530,000     36,372,000  39,355,000    37,047,000                      
        due from managers
      		    829,000                                                                                       
        inventories
      		    14,883,000     16,652,000     17,323,000      7,213,000  9,596,000   12,036,000   11,733,000   9,265,000     4,139,000     4,227,000     5,174,000  3,895,000  5,263,000   5,167,000     11,185,000     12,600,000  7,733,000    5,900,000     2,653,000    1,417,000  1,417,000    1,245,000 1,245,000 1,086,000  1,189,000   
        derivative assets
      		         8,000                                62,000     88,000  6,000     181,000     455,000     762,000  654,000             4,485,000  4,485,000    123,000 123,000   1,377,000   
        accrued revenue
      		    903,000     477,000     662,000      1,659,000  1,409,000   557,000   504,000   158,000     475,000     2,029,000     166,000  193,000  417,000   87,000     212,000       376,000    554,000               1,693,000 1,693,000 2,080,000  3,938,000   
        restricted cash
      		    3,000,000     2,020,000     1,000,000      1,614,000  500,000   3,400,000   2,000,000        310,000     1,660,000     1,195,000  9,608,000  6,904,000   64,505,000     10,939,000     6,750,000  9,000,000    22,800,000     5,423,000          6,392,000 6,392,000 126,111,000  32,629,000   
        prepaid expenses and other current assets
      		    7,008,000     6,613,000     5,764,000      3,379,000  2,896,000   3,835,000   3,427,000   4,271,000     2,823,000     1,726,000     2,019,000  2,380,000  2,340,000   1,679,000     1,715,000     2,792,000  2,886,000    2,804,000     1,611,000    1,159,000  1,159,000    1,122,000 1,122,000 812,000  714,000   
        total current assets
      		    165,391,000     146,721,000     157,701,000      139,817,000  171,514,000   134,734,000   121,283,000   135,989,000     101,262,000     79,086,000     111,008,000  91,992,000  134,373,000   243,162,000     135,892,000     173,185,000  80,517,000    171,829,000     37,959,000    104,276,000  104,276,000    105,648,000 105,648,000 211,141,000 88,086,000 88,086,000 63,096,000 26,024,000 
        fixed assets:
      		                                                                                           
        total fixed assets
      		    1,229,522,000     1,181,221,000     1,077,400,000      909,401,000  891,165,000   951,290,000   973,841,000   964,000,000     963,887,000     946,529,000     1,051,726,000  1,064,295,000  1,071,284,000   1,056,517,000     1,034,666,000     931,499,000  915,389,000    849,903,000     777,663,000    640,258,000  640,258,000 590,448,000 589,187,000 514,885,000 467,513,000 467,513,000  387,296,000 387,296,000 358,989,000 347,080,000 
        other non current assets:
      		                                                                                           
        deferred financing costs
      		         255,000     510,000      198,000  160,000   160,000      258,000     35,000                 1,016,000                                      
        other non current assets
      		    36,000     13,000     26,000      115,000  135,000   562,000   205,000   240,000                                                        6,900,000  10,560,000  
        liabilities and shareholders’ equity
      		                                                                                           
        current liabilities:
      		                                                                                           
        unearned revenue
      		    6,538,000     10,853,000     9,520,000      11,610,000  7,114,000   6,223,000   4,647,000   3,040,000     5,409,000     3,540,000     2,040,000  1,703,000  1,436,000   1,956,000     3,599,000     13,106,000  13,257,000    18,205,000     23,211,000    10,685,000  10,685,000    3,973,000 3,973,000 3,992,000  8,451,000   
        trade accounts payable
      		    9,903,000     10,442,000     10,487,000      7,500,000  9,652,000   13,480,000   17,017,000   12,965,000     6,106,000     4,137,000     5,392,000  5,667,000  4,935,000   5,277,000     3,014,000     4,109,000  3,793,000    3,061,000     1,183,000    1,470,000  1,470,000    2,668,000 2,668,000 1,766,000  1,575,000   
        accrued liabilities
      		    11,807,000     8,383,000     10,766,000      4,260,000  5,259,000   4,663,000   5,132,000   6,595,000     6,883,000     3,666,000     4,153,000  2,496,000  3,066,000   3,984,000     4,467,000     3,865,000  3,685,000    6,364,000     6,556,000    5,903,000  5,903,000    7,426,000 7,426,000 8,787,000  6,030,000   
        derivative liabilities
      		         526,000           362,000  1,046,000         121,000          2,000     17,000  64,000  168,000   318,000     493,000     732,000  383,000    591,000     10,130,000    9,787,000  9,787,000    15,510,000 15,510,000 14,642,000  21,716,000   
        due to managers
      		    33,000                                                                                       
        total current liabilities
      		    86,472,000     55,733,000     91,317,000      66,219,000  67,761,000   104,715,000   89,271,000   86,784,000     54,606,000     36,933,000     23,779,000  21,490,000  40,911,000   105,726,000     28,718,000     57,304,000  58,108,000    47,493,000     51,673,000    52,983,000  52,983,000    65,551,000 65,551,000 72,952,000  70,863,000   
        other liabilities
      		    2,513,000     5,933,000     4,242,000           1,240,000      274,000                                                        49,537,000  26,805,000 27,705,000 
        total liabilities
      		    571,478,000     547,305,000     474,002,000      447,019,000  523,169,000   642,770,000   656,094,000   624,701,000     593,367,000     578,749,000     595,217,000  596,723,000  618,184,000   675,485,000     482,230,000     533,880,000  550,993,000    656,358,000     545,429,000    561,239,000  561,239,000    531,505,000 531,505,000 534,090,000  517,827,000   
        commitments and contingencies
      		                                                                                           
        shareholders’ equity:
      		                                                                                           
        common stock, 0.001 par value...
      		    105,000     112,000     119,000      122,000  119,000   102,000   102,000   104,000     103,000     102,000     99,000  83,000  83,000   83,000     83,000     83,000  77,000    77,000     71,000    66,000  66,000    55,000 55,000 55,000     
        preferred stock, 0.01 par value...
      		    40,000     40,000     40,000      55,000  55,000   55,000   55,000   55,000     55,000     59,000       70,000  70,000   71,000     71,000     16,000  16,000                          
        additional paid in capital
      		    324,137,000     352,897,000     378,968,000      425,210,000  415,346,000   354,284,000   354,224,000   356,963,000     355,134,000     361,202,000       368,393,000  368,863,000   369,731,000     370,201,000       189,208,000    150,269,000     114,918,000    75,166,000  75,166,000    90,000 90,000 60,000     
        retained earnings
      		    507,336,000     439,462,000     392,789,000      191,402,000  138,770,000   90,306,000   85,906,000   115,620,000     111,279,000     95,105,000       202,384,000  230,413,000   264,261,000     329,744,000     341,025,000  315,830,000    275,510,000     216,853,000    168,901,000  168,901,000           
        total shareholders’ equity
      		    831,618,000     792,511,000     771,916,000      616,789,000  554,290,000   444,747,000   440,287,000   472,742,000     465,834,000     456,348,000       570,810,000  599,322,000   634,146,000     700,099,000     578,336,000  505,131,000    425,856,000     331,842,000    244,133,000  244,133,000           
        total liabilities and shareholders’ equity
      		    1,403,096,000     1,339,816,000                                1,035,097,000       1,167,533,000  1,217,506,000   1,309,631,000     1,182,329,000     1,112,216,000  1,056,124,000    1,082,214,000     877,271,000    805,372,000  805,372,000      602,310,000     
        liabilities directly associated with assets held for sale
      		           2,250,000 8,647,000       8,046,000  17,235,000   3,983,000                                                                   
        due from manager
      		         14,000     22,000           48,000   23,000   558,000     599,000     418,000     601,000  540,000  1,467,000   946,000                     24,000              112,000   
        liability directly associated with assets held for sale
      		              16,930,000      8,046,000  17,235,000   3,983,000                           16,724,000 16,724,000                                      
        due to manager
      		              58,000      47,000  185,000      57,000   9,000     23,000                      24,000     307,000  2,142,000    73,000         449,000  449,000    19,000 19,000 303,000     
        right-of-use asset
      		               30,828,000 31,202,000 31,573,000 31,938,000                                                                         
        liabilities directly associated with asset held for sale
      		             16,930,000  5,585,000                                                                            
        lease liability
      		               18,388,000 19,594,000 20,780,000 21,945,000                                                                         
        derivative assets current
      		              1,098,000           99,000                                                                  
        derivative assets long-term
      		              1,156,000           54,000                                                                  
        derivative liabilities current
      		                         582,000                                                                  
        unearned revenue long-term
      		              7,330,000           3,536,000   1,520,000   648,000                                                            
        derivative liabilities long-term
      		              307,000           1,396,000                                                                  
        mezzanine equity - redeemable non-controlling interest
      		                         18,112,000   17,208,000   17,200,000                                                            
        total liabilities, mezzanine equity and shareholders’ equity
      		              1,245,918,000      1,063,808,000  1,077,459,000   1,105,629,000   1,113,589,000   1,114,643,000     1,076,199,000                                                       
        mezzanine equity
      		                        18,112,000  17,567,000 17,208,000  17,155,000 17,200,000  17,176,000 17,302,000 16,997,000 16,998,000  16,998,000 16,905,000                                                     
        cash, time deposits, and restricted cash
      		                   97,344,000  115,211,000  112,790,000   89,535,000 101,135,000  92,614,000 106,378,000  76,321,000 79,540,000 72,519,000 82,084,000  41,934,000                           30,167,000             48,163,000  100,415,000            
        derivatives assets current
      		                                                                                           
        derivative assets – long-term
      		                    2,771,000  2,129,000      234,000                                                               
        accrued revenue - long-term
      		                    230,000  206,000      375,000                                                               
        long-term liabilities
      		                                                                                           
        unearned revenue - long-term
      		                    6,978,000  5,967,000              253,000                                                       
        derivative liabilities – long-term
      		                    295,000  680,000      1,514,000                              1,065,000                                 
        liability directly associated with asset held for sale
      		                       5,738,000                                                             34,500,000 34,500,000      
        cash and cash equivalents , time deposits, and restricted cash
      		                        105,218,000                                                                   
        treasury stock, 0.001 par value...
      		                                    -737,000     -120,000       -120,000  -107,000                                         
        redeemable non-controlling interest
      		                                    16,998,000                                                       
        advances for vessels under construction and vessels upgrades
      		                                     5,026,000                                                      
        cash, restricted cash and time deposits
      		                                      65,098,000 61,265,000 60,016,000  67,823,000 89,557,000 102,780,000 94,813,000  78,594,000  117,376,000  129,420,000 196,748,000  172,220,000                                     
        advances for vessels and vessel upgrades
      		                                      4,023,000                                                     
        advances for vessel acquisition, vessels under construction and major improvements
      		                                        3,653,000                                                   
        advances for vessel acquisition and vessels under construction
      		                                          3,585,000   13,007,000  12,890,000 12,890,000 38,390,000 38,390,000 33,584,000 68,356,000  63,349,000 64,082,000 63,007,000   62,454,000 64,672,000 33,087,000 76,299,000 76,299,000 50,410,000 50,410,000 56,446,000 42,165,000 39,902,000 39,902,000 60,636,000 77,721,000 79,464,000 122,307,000 122,307,000 148,373,000 175,576,000 158,030,000 99,014,000 99,014,000 99,014,000    93,520,000 93,520,000   100,194,000   
        time deposits – short term
      		                                              12,000,000  9,952,000     1,500,000                         35,080,000  35,080,000    57,887,000 57,887,000 13,290,000  21,274,000   
        advances for vessel acquisitions and vessels under construction
      		                                              13,007,000       68,356,000    74,243,000 74,243,000                                 
        derivative liabilities - long-term
      		                                              157,000       360,000                                      
        other liabilities – long-term
      		                                              1,500,000                                             
        asset held for sale
      		                                                                                    16,969,000 16,969,000 16,969,000     
        deferred finance charges
      		                                                  557,000        6,601,000     5,347,000  5,549,000    6,467,000     6,226,000    930,000  930,000    677,000 677,000 735,000  773,000   
        time deposits- short term
      		                                                  27,500,000                                         
        unearned revenue – long-term
      		                                                               196,000  3,018,000    3,419,000     17,821,000                 
        cash and restricted cash
      		                                                       121,850,000 127,352,000 118,250,000                                  
        short-term investment
      		                                                           50,000,000 50,000,000 50,000,000 50,000,000                             
        investment
      		                                                               50,000,000                            
        cash, time deposits and restricted cash, short term
      		                                                           76,998,000 154,914,000 60,015,000                              
        cash, time deposits
      		                                                              71,421,000        121,565,000 7,964,000 18,650,000 28,121,000  28,144,000 25,879,000               
        long-term investment
      		                                                                50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000      
        additional paid-in capital
      		                                                               237,212,000                            
        cash, time deposits and restricted cash
      		                                                                  65,792,000                         
        cash, time deposits & restricted cash
      		                                                                   50,004,000 125,524,000             136,791,000 92,920,000 152,690,000        
        time deposits – short-term
      		                                                                                           
        accounts receivable trade
      		                                                                          5,550,000    1,285,000  1,285,000    1,905,000 1,905,000 40,645,000  528,000   
        derivative liability
      		                                                                          2,237,000    6,802,000  6,802,000    1,223,000 1,223,000      
        other fixed assets
      		                                                                                    69,000 69,000   147,000   
        unearned revenue — long-term
      		                                                                              31,399,000  31,399,000    29,450,000 29,450,000      
        current portion of long-term debt & liability directly associated with asset held for sale
      		                                                                               27,674,000            
        restricted cash: non-current
      		                                                                                 5,423,000 4,913,000 4,913,000        
        shareholders’ (deficit) / equity:
      		                                                                                           
        retained (deficit) / earnings
      		                                                                                    97,074,000 97,074,000      
        total shareholders’ (deficit) / equity
      		                                                                                    97,219,000 97,219,000      
        total liabilities and shareholders’ (deficit) / equity
      		                                                                                    628,724,000 628,724,000      
        fixed assets
      		                                                                                      384,629,000     
        liability associated with asset held for sale
      		                                                                                      39,000,000     
        unearned revenue — long term
      		                                                                                      19,062,000  11,765,000   
        shareholders’ equity/
      		                                                                                           
        retained (deficit)/earnings
      		                                                                                      68,105,000     
        total shareholders’ (deficit)/equity
      		                                                                                      68,220,000     
        bank debt 5
      		                                                                                       468,290,000    
        shareholders equity/
      		                                                                                       -35,545,000  -21,560,000 -52,860,000 
        advances from shareholders
      		                                                                                           
        time charter discount
      		                                                                                           
        other noncurrent assets
      		                                                                                          8,165,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-07-28 2024-07-22 2022-08-04 2021-09-30 2021-06-30 2020-06-30 2020-06-16 2016-12-01 2016-10-17 2015-07-24 2014-05-07 2013-11-12 2011-03-14 2010-03-24 2009-10-08 
                       
          cash flows from operating activities:
        		               
          net income
        		97,376,000 77,351,000   53,764,000 -23,830,000 16,038,000   14,634,000 83,257,000 52,239,000 109,647,000 165,410,000  
          adjustments to reconcile net income to net cash from operating activities:
        		               
          depreciation and amortization
        		58,135,000 54,129,000 52,364,000             
          gain on sale of assets
        		-16,555,000 -10,375,000 -11,579,000             
          unrealized loss on inventory valuation
        		1,262,000 1,869,000              
          amortization and write-off of deferred finance charges
        		2,956,000 2,481,000 2,898,000 1,808,000 1,144,000 896,000 1,845,000 2,948,000 2,011,000 1,472,000 1,252,000 918,000 266,000 106,000  
          unrealized loss on derivatives
        		2,898,000    -2,228,000 1,159,000 121,000    -6,329,000     
          unrealized foreign exchange loss
        		-5,784,000    281,000  -10,000       -1,028,000  
          share based compensation
        		150,000 144,000 120,000 90,000 60,000 60,000 120,000 90,000 60,000 120,000 120,000 90,000 120,000 60,000  
          change in:
        		               
          accounts receivable
        		-4,560,000 -2,311,000 -3,198,000 363,000 463,000 10,898,000 -4,217,000   42,000 675,000     
          due from managers
        		-815,000               
          inventories
        		928,000 -683,000 3,902,000 5,130,000 1,816,000 -2,468,000 -5,540,000 1,517,000 149,000 -2,586,000 -6,700,000 -1,833,000  -56,000  
          accrued revenue
        		-339,000 323,000 -315,000 -1,257,000 -983,000 -266,000 476,000 -157,000 -420,000 -664,000 646,000 178,000 1,693,000 2,245,000  
          prepaid expenses and other current assets
        		-395,000 -849,000 351,000 456,000 939,000 844,000 -1,448,000 -701,000 -661,000 190,000 12,000 -81,000  -408,000  
          due to managers
        		33,000               
          trade accounts payable
        		-1,116,000 385,000 -3,988,000 -6,019,000 -3,952,000 1,856,000 5,045,000 -1,386,000 -178,000 -997,000 950,000 496,000  1,093,000  
          accrued liabilities
        		4,666,000 160,000 -829,000 -774,000 690,000 1,299,000 -2,892,000 -1,253,000 -684,000 192,000 -2,595,000 -2,765,000  1,396,000  
          non current assets & other liabilities
        		-3,443,000 1,704,000              
          unearned revenue
        		-4,939,000 -2,749,000 9,244,000 8,829,000 3,322,000 2,479,000 -1,974,000 -253,000 -520,000 -9,703,000 -8,322,000 -5,349,000 8,661,000 13,207,000  
          net cash from operating activities
        		130,458,000   154,014,000 85,903,000 20,362,000 58,284,000 6,766,000 -1,039,000 43,732,000 100,594,000 65,994,000 118,147,000 211,338,000 107,419,000 
          capital expenditures
        		0   0 0 0 0 0 0 0 0 0 0 0 0 
          free cash flows
        		130,458,000   154,014,000 85,903,000 20,362,000 58,284,000 6,766,000 -1,039,000 43,732,000 100,594,000 65,994,000 118,147,000 211,338,000 107,419,000 
          cash flows from investing activities:
        		               
          vessel advances
        		-144,775,000 -209,103,000 -109,230,000 -85,030,000 -36,460,000 -33,317,000 -39,240,000         
          proceeds from sale of assets
        		77,996,000 30,773,000 107,084,000          32,168,000   
          increase in bank time deposits
        		-81,988,000 -52,870,000 -2,310,000 -1,230,000 -1,080,000 -58,500,000 -84,969,000 -9,952,000 -27,500,000     -78,147,000  
          maturity of bank time deposits
        		77,035,000 79,474,000 13,010,000 11,780,000 11,780,000 50,940,000 87,424,000      109,357,000 41,534,000  
          net cash from investing activities
        		-71,732,000    11,668,000 -40,877,000 -36,785,000 15,218,000 19,252,000 -67,009,000 -100,344,000 -79,213,000  -191,863,000 -126,887,000 
          cash flows from financing activities:
        		               
          proceeds from long-term debt
        		248,300,000 255,200,000 178,800,000 128,800,000 104,800,000 78,400,000 177,575,000 64,500,000 64,500,000 93,925,000 16,000,000  74,500,000 42,000,000 40,000,000 
          principal payments of long-term debt
        		-212,140,000 -165,226,000 -434,746,000 -326,251,000 -224,963,000 -53,955,000 -151,335,000   -132,652,000 -123,372,000   -38,026,000 -21,724,000 
          dividends paid
        		-29,502,000 -30,678,000 -11,198,000 -8,452,000 -5,705,000 -5,876,000 -11,495,000 -10,548,000 -7,037,000 -25,915,000 -17,742,000 -11,919,000  -32,706,000 -16,352,000 
          payment of deferred financing costs
        		-2,844,000 -2,846,000 -2,425,000 -2,029,000 -1,033,000 -1,041,000 -2,052,000 -100,000 -39,000 -2,267,000 -132,000   -10,000 -10,000 
          finance lease payments
        		  -9,786,000             
          other financing liability payments
        		-755,000 -1,087,000              
          repurchase of common stock
        		-28,917,000 -26,222,000    -6,012,000 -4,153,000         
          redemption of preferred stock
        		  -17,707,000 -17,707,000 -17,707,000           
          payment of preferred stock redemption expenses
        		               
          net cash from financing activities
        		-25,858,000   -154,445,000 -83,201,000 11,427,000  -93,693,000 -65,984,000 65,917,000 -38,303,000 -68,338,000 60,136,000 -28,742,000 1,914,000 
          net increase in cash, cash equivalents and restricted cash
        		    14,370,000 -9,088,000 30,039,000         
          effect of exchange rate changes on cash, cash equivalents and restricted cash
        		 353,000 -794,000 -539,000 -281,000 235,000 10,000         
          cash, cash equivalents and restricted cash at beginning of year
        		 59,086,000 112,192,000 112,192,000 112,192,000 92,639,000 62,590,000         
          cash, cash equivalents and restricted cash at end of year
        		 59,061,000 111,254,000 107,390,000 126,281,000 83,786,000 92,639,000         
          supplemental cash flow information:
        		               
          cash paid for interest
        		  13,693,000 11,170,000 7,772,000 11,868,000 29,348,000 14,775,000  8,594,000 9,263,000 7,523,000 6,414,000 13,695,000  
          non cash investing and financing activities:
        		               
          unpaid financing fees
        		   374,000 306,000 82,000 440,000         
          unpaid capital expenditures
        		   1,166,000 830,000 5,399,000          
          reconciliation of cash, cash equivalents and restricted cash:
        		               
          cash and cash equivalents
        		   94,500,000  64,135,000 78,938,000         
          restricted cash – current assets
        		     2,000,000          
          restricted cash – non current assets
        		     17,651,000 13,701,000         
          cash, cash equivalents and restricted cash shown in the statement of cash flows
        		     83,786,000 92,639,000         
          unrealized loss/(gain) on derivatives
        		  -8,438,000 -3,939,000            
          unrealized foreign exchange (gain)/loss
        		  79,000 539,000            
          net cash (used in)/provided by financing activities
        		 29,141,000     8,540,000         
          net (decrease)/increase in cash, cash equivalents and restricted cash
        		               
          unrealized (gain)/loss on derivatives
        		 -204,000              
          unrealized foreign exchange loss/
        		 882,000              
          due from manager
        		 8,000 48,000 48,000 48,000  41,000 406,000      112,000  
          due to manager
        		 -58,000 51,000 47,000 185,000 583,000 -14,000  -521,000 -283,000 234,000 2,069,000 430,000 19,000  
          net cash provided by operating activities
        		 122,207,000 217,208,000             
          net cash provided by/(used in) investing activities
        		 -151,726,000              
          proceeds on issuance of common stock
        		  71,537,000 71,537,000 61,529,000      48,078,000  74,967,000   
          payment of common stock offering expenses
        		  -381,000 -343,000 -122,000     -98,000      
          net decrease in cash, cash equivalents and restricted cash
        		 -378,000  -4,263,000            
          net (loss)/income
        		   109,143,000            
          adjustments to reconcile net (loss)/income to net cash from operating activities:
        		               
          net cash (used in)/provided by investing activities
        		  8,554,000             
          repurchase of preferred stock
        		     -89,000  -1,429,000 -929,000       
          net increase/(decrease) in cash, cash equivalents and restricted cash
        		  -144,000             
          net income/
        		  174,348,000             
          adjustments to reconcile net income/(loss) to net cash from operating activities:
        		               
          other non cash items
        		      279,000         
          non current assets / other liabilities
        		  1,435,000             
          net cash provided by/(used in) financing activities
        		  -225,906,000             
          depreciation
        		   39,153,000 26,330,000 26,565,000 50,310,000 36,799,000 24,126,000 43,084,000 37,394,000 27,614,000 19,673,000 13,893,000  
          gain on sale of vessels
        		   -632,000            
          other non-current liabilities
        		   1,029,000            
          proceeds from sale of vessels
        		   70,648,000 37,428,000           
          net used in investing activities
        		   -3,832,000            
          part payment of vessel advances through issuance of common stock and preferred stock
        		     3,300,000 6,600,000         
          loss on sale of vessels
        		    3,393,000           
          other liabilities
        		    631,000 522,000 104,000         
          unpaid common stock offering expenses
        		    50,000           
          adjustments to reconcile (net loss)/income to net cash from operating activities:
        		               
          unrealized foreign exchange gain
        		     -235,000          
          unpaid dividend on preferred stock
        		      128,000         
          loss on sale of assets
        		       2,750,000 2,750,000       
          impairment loss
        		       17,163,000        
          gain on debt extinguishment
        		               
          tender offer-redemption of preferred stock
        		               
          payment of tender offer expenses
        		               
          unpaid capital expenditure
        		      5,611,000         
          other non-cash items
        		               
          part payment of vessel advances through issuance of common stock and preferred stock requirements
        		               
          restricted cash – non-current assets
        		               
          net loss
        		       -51,329,000 -26,811,000       
          adjustments to reconcile net loss to net cash from operating activities:
        		               
          unrealized gain on derivatives
        		       16,000 630,000 -2,137,000  -5,274,000    
          unpaid capital expenditure requirements
        		               
          gain on asset purchase cancellation
        		         -3,633,000      
          gain on loan write off
        		               
          loss from inventory valuation
        		         4,001,000      
          vessel acquisitions including advances for vessels under construction
        		       -57,789,000 -38,902,000 -146,300,000 -118,894,000 -93,013,000  -131,474,000  
          proceeds from asset purchase cancellation
        		               
          maturity of investment
        		         50,000,000      
          increase in restricted cash
        		       -3,904,000 -1,209,000 -13,779,000 -6,250,000 -9,000,000  -6,405,000  
          restricted cash released
        		       57,863,000 57,863,000 6,750,000 24,800,000 22,800,000 6,382,000 32,629,000  
          proceeds on issuance of preferred stock
        		         133,387,000 38,865,000 39,099,000    
          payment of preferred stock offering expenses
        		         -463,000      
          net increase in cash and cash equivalents
        		       -71,709,000 -47,771,000 42,640,000 -38,053,000 -81,557,000 46,574,000 -9,267,000 -17,554,000 
          cash and cash equivalents at beginning of year
        		         64,671,000 102,724,000  18,435,000 27,702,000  
          cash and cash equivalents at end of year
        		         107,311,000 64,671,000  65,335,000 18,435,000  
          non cash investing and financing activities
        		       3,960,000  506,000 194,000     
          accounts receivable trade
        		       156,000 -970,000   -2,308,000 620,000 -1,377,000  
          proceeds from vessel sale
        		       29,000,000 29,000,000       
          principal payment of long-term debt
        		       -145,996,000 -122,372,000   -95,518,000    
          repurchase of common shares
        		       -120,000 -107,000       
          cash and cash equivalents at beginning of period
        		       130,743,000 130,743,000   102,724,000   27,702,000 
          cash and cash equivalents at end of period
        		       59,034,000 82,972,000   21,167,000   10,148,000 
          income from inventory valuation
        		               
          net cash (used in)/ provided by investing activities
        		               
          net increase/(decrease) in cash and cash equivalents
        		               
          adjustments to reconcile net income to net cash provided by/(used in) operating activities:
        		               
          net cash provided by/(used in) operating activities
        		               
          proceeds from the asset purchase cancellation
        		         36,320,000      
          unrealized foreign exchange
        		               
          effect of exchange rate changes on cash
        		            326,000   
          non cash investing activities
        		               
          loss on asset purchase cancellations
        		             20,395,000  
          acquisition of long term investments
        		             -50,000,000  
          amortization of time charter discount
        		               
          advances from shareholders
        		               
          repayment of advances to shareholders
        		               
          unrealized loss of derivatives
        		             -3,729,000  
          decrease in:
        		               
          increase in:
        		               
          vessel acquisitions including advances for vessels under construction and other fixed assets
        		              -41,239,000 
          (increase) in restricted cash
        		              -93,632,000 
          decrease in bank time deposits
        		              7,984,000 
          adjustments to reconcile net income to net cash provided by operating activities: