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Subsequent Events
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
    
On January 30, 2023, the Company entered into a memorandum of agreement to acquire a high-specification, scrubber-fitted 2020-built Ultramax bulkcarrier for total consideration of $30.1 million. The vessel is expected to be delivered to the Company during the second quarter of 2023.

On February 21, 2023, the Company entered into a memorandum of agreement to sell the vessel Jaeger (a 2004-built Supramax) for total consideration of $9.0 million. The vessel is expected to be delivered to the buyer in the first quarter of 2023.

On February 28, 2023, the Company entered into a memorandum of agreement to acquire a high-specification, scrubber-fitted 2020-built Ultramax bulkcarrier for total consideration of $30.1 million. The Vessel is expected to be delivered to the Company during the second quarter of 2023.
On March 2, 2023, the Company’s Board of Directors declared a cash dividend of $0.60 per share to be paid on March 23, 2023 to shareholders of record at the close of business on March 15, 2023. The aggregate amount of the dividend is expected to be approximately $8.0 million, which the Company anticipates will be funded from cash on hand