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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES:      
Time charter revenues (Note 2(p)) $ 214,203 $ 169,733 $ 220,728
OPERATING EXPENSES      
Voyage expenses (Notes 2(p) and 10) 5,570 13,525 13,542
Vessel operating expenses (Note 2(q)) 74,756 85,847 90,600
Depreciation and amortization of deferred charges 40,492 42,991 48,904
General and administrative expenses 29,192 32,778 28,601
Management fees to related party (Note 4(d)) 1,432 2,017 2,155
Vessel impairment charges (Note 5)   104,395 13,987
(Gain)/loss on sale of vessels (Note 5) (1,360) 1,085 6,171
Other operating loss/(income), net 603 (230) (854)
Operating income/(loss) 63,518 (112,675) 17,622
OTHER INCOME / (EXPENSES):      
Interest expense and finance costs (Note 11) (20,239) (21,514) (29,432)
Interest and other income 176 728 2,858
(Loss)/gain on extinguishment of debt (Note 7) (980) 374  
Gain on spin-off of OceanPal Inc. (Notes 2(aa), 3 and 4(h)) 15,252    
Loss on related party investments (Note 4(d)) (333) (1,110) (1,583)
Total other expenses, net (6,124) (21,522) (28,157)
Net income/(loss) 57,394 (134,197) (10,535)
Dividends on series B preferred shares (Notes 9 and 12) (5,769) (5,769) (5,769)
Net income/(loss) attributed to common stockholders $ 51,625 $ (139,966) $ (16,304)
Earnings/(loss) per common share, basic (Note 12) $ 0.64 $ (1.62) $ (0.17)
Earnings/(loss) per common share, diluted (Note 12) $ 0.61 $ (1.62) $ (0.17)
Weighted average number of common shares, basic (Note 12) 81,121,781 86,143,556 95,191,116
Weighted average number of common shares, diluted (Note 12) 84,856,840 86,143,556 95,191,116