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Fair value measurements (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Measurements [Abstract]  
Derivative instruments effect on other comprehensive income loss
 
 
 
 
 
 
 
 
 
 
Consolidated Statement of Comprehensive Income/(Loss)
 
2012
 
 
2013
 
 
2014
 
Unrealized loss from hedging interest rate swaps recognized in Other Comprehensive loss before reclassifications
$
-
 
$
-
 
$
(1,433
Reclassification adjustments of interest rate swap loss transferred to Interest and finance costs
 
-
 
 
-
 
 
1,055
 
Unrealized loss from hedging interest rate swaps, net
$
-
 
$
-
 
$
(378
 
 
 
 
 
 
 
 
 
 
Derivative instruments effect on statement of operations
 
 
 
 
 
 
 
 
 
 
Consolidated Statement of Operations
 
 
 
 
 
 
 
 
 
 
 
2012
 
 
2013
 
 
2014
 
Gain/(loss) on derivative instruments, net
 
 
 
 
 
 
 
 
 
Gains/(losses) from freight derivatives
$
41
 
$
-
 
$
-
 
Unrealized gains/(losses) from the Credit Agricole Swaps and the HSH Swaps before hedging designation (August 31, 2014)
 
-
 
 
91
 
 
(799
Ineffective portion of cash flow hedges following hedging designation
 
-
 
 
-
 
 
-
 
Total Gains/(Losses) on derivative instruments, net
$
41
 
$
91
 
$
(799)
 
Interest and finance costs
 
 
 
 
 
 
 
 
 
Reclassification adjustments of interest rate swap loss transferred to Interest and finance costs from Other Comprehensive loss
 
-
 
 
-
 
 
(1,055
Total Gains/(Losses) recognized
$
41
 
$
91
 
$
(1,854)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value measurements on recurring basis
 
 
Significant Other Observable Inputs
(Level 2)
 
 
 
2013
 
 
2014
 
 
 
(not designated as cash flow hedges)
 
 
(designated as cash flow hedges)
 
 
 
 
 
 
 
 
ASSETS
 
 
 
 
 
 
Interest rate swaps - asset position
$
91
 
$
-
 
Total
$
91
 
$
-
 
LIABILITIES
 
 
 
 
 
 
Interest rate swaps - liability position (current and non-current)
$
-
 
$
7,732
 
Total
$
-
 
$
7,732
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value measurements on Non recurring basis
Fair Value Measurements Using
Vessel
Quoted Prices in Active Markets for Identical Assets
Significant Other Observable Inputs
Significant Unobservable Inputs
Vessel impairment loss
 
 
(Level 1)
(Level 2)
(Level 3)
 
 
Star Cosmo
-
14,000
-
45,838
 
Star Delta
-
12,000
-
35,836
 
Star Epsilon
-
13,000
-
36,756
 
Star Gamma
-
14,000
-
36,033
 
Star Kappa
-
13,500
-
39,115
 
Star Omicron
-
17,750
-
39,841
 
Star Theta
-
15,000
-
36,784
 
Star Zeta
-
15,250
-
29,811
 
Star Sigma
-
9,000
-
3,205
 
TOTAL
-
123,500
-
303,219