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Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Revenues:    
Voyage revenues $ 98,862 $ 101,182
Management fee income 91 136
Total revenues 98,953 101,318
Expenses    
Voyage expenses 37,284 30,637
Charter-in hire expense 1,918 0
Vessel operating expenses 49,364 56,964
Dry docking expenses 1,583 6,945
Depreciation 40,847 38,519
Management fees (Note 3 and Note 10) 3,911 4,063
General and administrative expenses 13,298 11,153
Impairment loss (Note 5 and Note 6) 6,694 28,829
Loss on time charter agreement termination (Note 7) 0 2,114
Loss / (gain) on derivative instruments (283) 0
Other operational loss 109 0
Other operational gain (50) (590)
Loss / (gain) on sale of vessels (Note 5) 21 13,389
Total Operating Expenses 154,696 192,023
Operating income / (loss) (55,743) (90,705)
Other Income/ (Expenses):    
Interest and finance costs (Note 8) (19,694) (13,871)
Interest and other income/(loss) 154 828
Gain / (Loss) on derivative financial instrument, net (Note 14) (4,681) (688)
Loss on debt extinguishment (Note 8) (1,801) (974)
Total other expenses, net (26,022) (14,705)
Income/(Loss) before equity in income of investee (81,765) (105,410)
Equity in income of investee 69 213
Net income / (loss) $ (81,696) $ (105,197)
Earnings / (Loss) per share, basic and diluted (Note 11) $ (1.86) $ (3.06)
Weighted average number of shares outstanding, basic and diluted (Note 11) 43,880,713 34,347,332