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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Voyage revenues $ 221,987 $ 234,035 $ 145,041
Management fee income (Note 3) 119 251 2,346
Total revenues 222,106 234,286 147,387
Expenses      
Voyage expenses (Note 17) 65,821 72,877 42,341
Charter-in hire expenses 3,550 1,025 0
Vessel operating expenses (Note 17) 98,830 112,796 53,096
Dry docking expenses 6,023 14,950 5,363
Depreciation 81,935 82,070 37,150
Management fees (Note 11) 7,604 8,436 158
General and administrative expenses 24,602 23,621 32,723
Bad debt expense 0 0 215
Impairment loss (Note 5, Note 6 and Note 18) 29,221 321,978 0
Loss on time-charter agreement termination (Note 7) 0 2,114 0
Other operational loss 503 0 94
Other operational gain (Note 10) (1,565) (592) (10,003)
(Gain)/Loss on forward freight agreements (Note 18) (411) 0 0
Loss on sale of vessel (Note 5) 15,248 20,585 0
Gain from bargain purchase (Note 1) 0 0 (12,318)
Total Operating Expenses 331,361 659,860 148,819
Operating income/(loss) (109,255) (425,574) (1,432)
Other Income/(Expenses):      
Interest and finance costs (Note 8) (41,217) (29,661) (9,575)
Interest and other income 876 1,090 629
Gain/(Loss) on derivative financial instruments, net (Note 18) (2,116) (3,268) (799)
Loss on debt extinguishment (Note 8) (2,375) (974) (652)
Total other expenses, net (44,832) (32,813) (10,397)
Income/(Loss) before equity in income of investee (154,087) (458,387) (11,829)
Equity in income of investee (Note 3) 126 210 106
Income/(loss) before taxes (153,961) (458,177) (11,723)
Income taxes (Note 15) (267) 0 0
Net income/(loss) $ (154,228) $ (458,177) $ (11,723)
Earnings/(loss) per share, basic (Note 13) $ (3.24) $ (11.71) $ (1)
Earnings/(loss) per share, diluted (Note 13) $ (3.24) $ (11.71) $ (1)
Weighted average number of shares outstanding, basic (Note 13) 47,574,454 39,124,673 11,688,239
Weighted average number of shares outstanding, diluted (Note 13) 47,574,454 39,124,673 11,688,239