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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES:      
Time charter revenues $ 228,209 $ 262,098 $ 289,972
OPERATING EXPENSES      
Voyage expenses 13,607 13,621 6,942
Vessel operating expenses 82,587 85,486 72,033
Depreciation and amortization of deferred charges 44,691 49,785 43,326
General and administrative expenses 33,435 32,968 29,367
Management fees to a related party (Note 4(a)) 1,332 1,313 511
Gain on sale of vessels (Notes 6) (5,799) (5,323) (2,850)
Insurance recoveries 0 0 (1,789)
Other operating income (422) (1,464) 265
Operating income, total 58,778 85,712 142,697
OTHER INCOME/(EXPENSES)      
Interest expense and finance costs (Note 13) (47,468) (49,331) (27,419)
Interest and other income 8,369 8,170 2,737
Gain/(loss) on derivative instruments (Note 8) 274 (439) 0
Loss on extinguishment of debt (Note 8) (3,475) (748) (435)
Gain on deconsolidation of subsidiary 0 844 0
Gain/(loss) on equity securities (Note 5(b)) (400)   0
Gain/(loss) on equity securities (Note 5(b))   2,813  
Gain on warrants (Note 11(e)) 719 1,583 0
Gain/(loss) from equity method investments (Note 4) (146) (262) 894
Total other expenses, net (46,032) (35,868) (23,634)
Net income 12,746 49,844 119,063
Dividends on series B preferred shares (Notes 11(b) and 14) (5,769) (5,769) (5,769)
Net income attributable to common stockholders $ 6,977 $ 44,075 $ 113,294
Earnings per common share, basic (Note 14) $ 0.06 $ 0.44 $ 1.42
Earnings per common share, diluted (Note 14) $ 0.05 $ 0.42 $ 1.36
Weighted average number of common shares outstanding, basic (Note 14) 115,956,249 100,166,629 80,061,040
Weighted average number of common shares outstanding, diluted (Note 14) 118,655,243 101,877,142 83,318,901
Gain/(loss) on related party investments (Note 5(a)) $ (3,905) $ 1,502 $ 589
Related Party [Member]      
Gain/(loss) on related party investments (Note 5(a)) $ (3,905) $ 1,502 $ 589