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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
REVENUES:    
Time charter revenues $ 113,648 $ 140,021
OPERATING EXPENSES    
Voyage expenses 6,413 7,364
Vessel operating expenses 42,133 42,763
Depreciation and amortization of deferred charges 22,106 26,661
General and administrative expenses 16,729 15,695
Management fees to a related party (Note 4(a)) 666 647
Gain on sale of vessels (Note 6) (1,572) (4,995)
Other operating income (389) (189)
Operating income, total 27,562 52,075
OTHER INCOME / (EXPENSES):    
Interest expense and finance costs (Note 12) (23,650) (23,845)
Interest and other income 3,776 3,746
Gain on derivative instruments (Note 8) 361 0
Loss on extinguishment of debt 0 (748)
Gain on deconsolidation of subsidiary 0 844
Gain/(loss) on investments (Note 5) (1,751) 761
Loss on warrants (Note 11(e)) (6,773) 0
Gain/(loss) from equity method investments (Note 4) (231) 244
Total other expenses, net (28,268) (18,998)
Net comprehensive income/(loss) (706) 33,077
Dividends on series B preferred shares (Notes 11(b) and 13) (2,884) (2,884)
Net comprehensive income/(loss) attributable to common stockholders $ (3,590) $ 30,193
Earnings/(loss) per common share, basic (Note 13) $ (0.03) $ 0.31
Earnings/(loss) per common share, diluted (Note 13) $ (0.03) $ 0.30
Weighted average number of common shares outstanding, basic (Note 13) 112,818,414 98,489,613
Weighted average number of common shares outstanding, diluted (Note 13) 112,818,414 99,762,411