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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Voyage revenues $ 234,035 $ 145,041 $ 68,296
Management fee income (Note 3) 251 2,346 1,598
Total revenues 234,286 147,387 69,894
Expenses      
Voyage expenses (Note 18) 72,877 42,341 7,549
Charter-in hire expenses 1,025 0 0
Vessel operating expenses (Note 18) 112,796 53,096 27,087
Dry docking expenses 14,950 5,363 3,519
Depreciation 82,070 37,150 16,061
Management fees (Note 12) 8,436 158 0
General and administrative expenses 23,621 32,723 9,910
Bad debt expense 0 215 0
Impairment loss (Note 5, Note 6 and Note 19) 321,978 0 0
Loss on time-charter agreement termination (Note 7) 2,114 0 0
Other operational loss (Note 11) 0 94 1,125
Other operational gain (Note 10) (592) (10,003) (3,787)
Loss on sale of vessel (Note 5) 20,585 0 87
Gain from bargain purchase (Note 1) 0 (12,318) 0
Total Operating Expenses 659,860 148,819 61,551
Operating income/(loss) (425,574) (1,432) 8,343
Other Income/ (Expenses):      
Interest and finance costs (Note 8) (29,661) (9,575) (6,814)
Interest and other income 1,090 629 230
Gain / (Loss) on derivative financial instruments, net (Note 19) (3,268) (799) 91
Loss on debt extinguishment (Note 8) (974) (652) 0
Total other expenses, net (32,813) (10,397) (6,493)
Income/ (Loss) before equity in income of investee (458,387) (11,829) 1,850
Equity in income of investee (Note 3) 210 106 0
Net income/(loss) $ (458,177) $ (11,723) $ 1,850
Earnings/(loss) per share, basic (Note 14) $ (2.34) $ (0.2) $ 0.13
Earnings/(loss) per share, diluted (Note 14) $ (2.34) $ (0.2) $ 0.13
Weighted average number of shares outstanding, basic (Note 14) 195,623,363 58,441,193 14,051,344
Weighted average number of shares outstanding, diluted (Note 14) 195,623,363 58,441,193 14,116,389