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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:      
Net income/(loss) $ 57,394 $ (134,197) $ (10,535)
Adjustments to reconcile net income/(loss) to net cash from operating activities:      
Depreciation and amortization of deferred charges 40,492 42,991 48,904
Asset Impairment loss (Note 5)   104,395 13,987
Amortization of financing costs (Note 11) 1,865 1,066 1,126
Compensation cost on restricted stock (Note 9(g)) 7,442 10,511 7,581
Provision for credit loss (Notes 2(y) and 4(d)) 300 0 0
Dividend income (Note 4(h)) (69)    
Actuarial gain/(loss) 2 (40) (178)
(Gain)/loss on sale of vessels (Note 5) (1,360) 1,085 6,171
Loss/(gain) on extinguishment of debt (Note 7) 980 (374) 188
Gain on spin-off of OceanPal Inc. (Note 4(h)) (15,252)    
Loss on equity method investments (Note 4(d)) 333 1,110 1,583
(Increase) / Decrease in:      
Accounts receivable, trade 1,568 2,627 (4,914)
Due from related parties (56) (1,173) (23)
Inventories (1,581) 809 309
Prepaid expenses and other assets 1,759 1,967 (2,846)
Other non-current assets (1,177) (252) (2,941)
Increase / (Decrease) in:      
Accounts payable, trade and other 1,219 (2,836) 321
Due to related parties 154 (31) (97)
Accrued liabilities, net of accrued preferred dividends (2,610) (780) (2,109)
Deferred revenue 2,890 310 (1,558)
Other non-current liabilities (57) 168 143
Drydock costs (4,531) (10,122) (5,230)
Net cash provided by Operating Activities 89,705 17,234 49,882
Cash Flows from Investing Activities:      
Payments for vessel improvements and vessel acquisitions (Note 5) (17,393) (6,001) (2,804)
Proceeds from sale of vessels, net of expenses (Note 5) 33,731 15,623 41,326
Proceeds from sale of related party investment (Note 4)   1,500  
Payments to joint venture (Note 4(d)) (375) (500)  
Investment in spun off subsidiary (Note 4(h)) (1,000)    
Payments to acquire property and equipment (Note 6) (1,600) (138) (125)
Net cash provided by Investing Activities 13,363 10,484 38,397
Cash Flows from Financing Activities:      
Proceeds from issuance of long-term debt (Note 7) 101,279   44,000
Proceeds from issuance of preferred stock, net of expenses (Note 9(d)) 254   960
Payments of dividends, preferred stock (Note 9(b)) (5,769) (5,769) (5,769)
Payments of dividends, common stock (Note 9(f)) (8,820)    
Payments for repurchase of common stock (Note 9(e)) (45,369) (11,999) (49,679)
Payments of financing costs (Note 7) (7,594) (567) (357)
Repayments of long-term debt (Note 7) (93,170) (54,762) (100,553)
Net cash used in Financing Activities (59,189) (73,097) (111,398)
Net increase/(decrease) in cash, cash equivalents and restricted cash 43,879 (45,379) (23,119)
Cash, cash equivalents and restricted cash at beginning of the year 82,909 128,288 151,407
Cash, cash equivalents and restricted cash at end of the year 126,788 82,909 128,288
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH      
Cash and cash equivalents 110,288 62,909 107,288
Restricted cash 16,500 20,000 21,000
Cash, cash equivalents and restricted cash 126,788 82,909 128,288
SUPPLEMENTAL CASH FLOW INFORMATION      
Non-cash investments (Note 5) 441 2,474  
Interest paid $ 19,608 $ 21,397 $ 28,554