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Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Revenues:    
Voyage revenues $ 101,182 $ 43,064
Management fee income (Note 3) 136 1,861
Total revenues 101,318 44,925
Expenses    
Voyage expenses 30,637 7,721
Vessel operating expenses 56,964 16,062
Dry docking expenses 6,945 1,264
Depreciation 38,519 9,777
Management fees (Note 3 and Note 10 ) 4,063 0
General and administrative expenses 11,153 10,215
Vessel impairment loss (Note 5 and Note 6) 28,829 0
Loss on time charter agreement termination (Note 7) 2,114 0
Other operational loss 0 94
Other operational gain (590) (407)
Bad debt expense 0 215
Loss on sale of vessel (Note 5) 13,389 0
Total Operating Expenses 192,023 44,941
Operating income / (loss) (90,705) (16)
Other Income/ (Expenses):    
Interest and finance costs (Note 8) (13,871) (3,057)
Interest and other income/(loss) 828 21
Gain / (Loss) on derivative financial instrument, net (Note 14) (688) (819)
Loss on debt extinguishment (Note 8) (974) 0
Total other expenses, net (14,705) (3,855)
INCOME/(LOSS) BEFORE EQUITY IN INCOME OF INVESTEE (105,410) (3,871)
Equity in income of investee 213 1
Net income / (loss) $ (105,197) $ (3,870)
Earnings / (Loss) per share, basic and diluted (Note 11) $ (0.61) $ (0.13)
Weighted average number of shares outstanding, basic and diluted (Note 11) 171,736,658 28,973,621