VESSELS, OTHER PROPERTY AND DEFERRED DRYDOCK (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

SCHEDULE OF VESSELS AND OTHER PROPERTY

Vessels and other property consist of the following:

	Years Ended December 31,
	2022			2021
Vessels, at cost	$	1,082,822		$	1,066,327
Accumulated depreciation		(385,242	)		(345,531	)
Vessels, net		697,580			720,796
Construction in progress		10,406			19,799
Finance lease right-of-use asset, at cost (Note 14)		26,940			26,940
Accumulated amortization (Note 14)		(8,856	)		(5,906	)
Finance lease right-of use asset, net (Note 14)		18,084			21,034
Other property, at cost		5,578			5,578
Accumulated depreciation and amortization		(5,469	)		(5,430	)
Other property, net		109			148
Total vessels and other property	$	726,179		$	761,777

SUMMARY OF VESSEL ACTIVITY EXCLUDING CONSTRUCTION PROGRESS

Vessel activity, excluding construction in progress, for the two years ended December 31, 2022 is summarized as follows:

	Vessel Cost			Accumulated Depreciation			Net Book Value
Balance at December 31, 2020	$	1,099,187		$	(308,449	)	$	790,738
Transfers from construction in progress		6,836			—
Depreciation		—			(39,398	)
Disposals		(39,696	)		2,316
Balance at December 31, 2021		1,066,327			(345,531	)		720,796
Transfers from construction in progress		16,699			—
Additions		570
Depreciation		—			(40,485	)
Disposals		(774	)		774
Balance at December 31, 2022	$	1,082,822		$	(385,242	)	$	697,580

SUMMARY OF DRYDOCKING ACTIVITY

Drydocking activity for the two years ended December 31, 2022 is summarized as follows:

	2022			2021
Balance at January 1	$	43,342		$	43,134
Additions		18,198			15,017
Drydock amortization		(22,564	)		(14,809	)
Balance at December 31	$	38,976		$	43,342