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Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities:    
Net income / (loss) $ (105,197) $ (3,870)
Adjustments to reconcile net loss to net cash provided by/(used in) operating activities:    
Depreciation 38,519 9,777
Amortization of fair value of above market acquired time charters (Note 7) 7,071 3,149
Amortization of deferred finance charges (Note 8) 1,199 284
Loss on debt extinguishment (Note 8) 974 0
Loss on time charter agreement termination (Note 7) 2,114 0
Vessel impairment loss (Note 5 and Note 6) 28,829 0
Loss on sale of vessel (Note 5) 13,389 0
Stock-based compensation (Note 12) 1,407 1,903
Change in fair value of derivatives 59 819
Other non-cash charges 34 215
Gain from insurance claim 0 (237)
Equity of income of investee (213) (1)
Changes in operating assets and liabilities:    
Trade accounts receivable 6,449 (1,223)
Inventories (2,323) (3,501)
Prepaid expenses and other current assets (1,069) (602)
Due from related parties (426) (1,467)
Accounts payable (3,814) 2,060
Due to related parties (1,266) 917
Accrued liabilities 863 2,207
Due to managers 4,539 0
Deferred revenue (637) 54
Net cash provided by/(used in) Operating Activities (9,499) 10,485
Cash Flows from Investing Activities:    
Advances for vessels under construction and acquisition of vessels and other assets (Note 5 and Note 6) (317,538) (74,267)
Long-term investment 0 (200)
Cash proceeds from vessel sale (Note 5) 38,831 0
Hull and Machinery Insurance proceeds 0 550
Decrease in restricted cash 3,487 22
Increase in restricted cash (3,304) (4,102)
Net cash provided by/(used in) Investing Activities (278,524) (77,997)
Cash Flows from Financing Activities:    
Proceeds from bank loans 266,181 74,000
Loan prepayments and repayments (188,226) (10,452)
Financing fees paid (8,526) (914)
Proceeds from issuance of common shares (Note 9) 418,771 0
Offering expenses paid related to the issuance of common shares (Note 9) (974) 0
Net cash provided by/(used in) Financing Activities 487,226 62,634
Net (decrease) / increase in cash and cash equivalents 199,203 (4,878)
Cash and cash equivalents at beginning of period 86,000 44,298
Cash and cash equivalents at end of the period 285,203 39,420
Cash paid during the period for:    
Interest $ 19,844 $ 2,540