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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net income/(loss) $ 1,520 $ (113,617)  
Adjustments to reconcile net income/(loss) to net cash from operating activities:      
Depreciation and amortization of deferred charges 20,141 23,284  
Asset Impairment loss (Note 3)   95,693  
Amortization of financing costs (Note 8) 718 512  
Compensation cost on restricted stock (Note 7(f)) 3,399 5,503 $ 5,503
Actuarial loss   (13)  
Loss on sale of vessels (Note 3) 203 1,078  
Loss on extinguishment of debt (Note 5) 158    
Loss from related party investments (Note 2) 198 86  
(Increase) / Decrease in:      
Accounts receivable, trade 2,112 5,819  
Due from related parties (329) (51)  
Inventories 1,077 615  
Prepaid expenses and other assets 944 1,595  
Other non-current assets (220) 471  
Increase / (Decrease) in:      
Accounts payable, trade and other 520 (1,094)  
Due to related parties 313 (49)  
Accrued liabilities, net of accrued preferred dividends (2,980) (1,585)  
Deferred revenue 1,048 267  
Other non-current liabilities 11 30  
Drydock costs (1,391) (6,807)  
Net cash provided by Operating Activities 27,442 11,737  
Cash Flows from Investing Activities:      
Payments for vessel improvements (Note 3) (684) (5,444)  
Proceeds from sale of vessels, net of expenses (Note 3) 23,158 8,238  
Proceeds from sale of related party investment (Note 2)   1,500  
Payments to joint venture (Note 2) (250)    
Investment in time deposits   (6,500)  
Payments to acquire furniture and fixtures (Note 4) (149) (58)  
Net cash provided by/(used in) Investing Activities 22,075 (2,264)  
Cash Flows from Financing Activities:      
Proceeds from issuance of long-term debt (Note 5) 100,819    
Proceeds from issuance of preferred stock (Note 7(d)) 264    
Payments of dividends, preferred stock (Note 7(b)) (2,884) (2,884)  
Payments for repurchase of common stock (Note 7(e)) (15,136) (11,999)  
Payments of financing costs (7,453) (567)  
Repayments of long-term debt (53,041) (20,621)  
Net cash provided by/(used in) Financing Activities 22,569 (36,071)  
Net increase/(decrease) in cash, cash equivalents and restricted cash 72,086 (26,598)  
Cash, cash equivalents and restricted cash at beginning of the period 82,909 128,288 128,288
Cash, cash equivalents and restricted cash 154,995 101,690 82,909
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH      
Cash and cash equivalents 136,495 81,190 62,909
Restricted cash 18,500 20,500  
Cash, cash equivalents and restricted cash 154,995 101,690 $ 82,909
SUPPLEMENTAL CASH FLOW INFORMATION      
Non-cash investments (Note 3) 441 1,246  
Interest paid $ 10,354 $ 11,870