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Fair value measurements (Tables)

6 Months Ended

Jun. 30, 2017

Fair value measurements [Abstract]

Fair value measurements on a recurring basis - Interest rate swaps

								Notional amount
Counterparty		Inception		Expiry		Fixed Rate		June 30, 2017
Goldman Sachs		October 1, 2014		April 1, 2018		1.7925%		98,099
Goldman Sachs		October 1, 2014		April 1, 2018		1.8075%		98,099
Goldman Sachs		October 1, 2014		April 1, 2018		2.0675%		39,240
Goldman Sachs		October 1, 2014		April 1, 2018		1.8450%		98,099
Goldman Sachs		October 1, 2014		April 1, 2018		1.8025%		58,860
HSH - Star Challenger		September 30, 2014		September 28, 2018		1.7650%		6,719
HSH - Star Fighter		September 30, 2014		September 28, 2018		1.7650%		6,854
Credit Agricole - Star Borealis		November 10, 2014		August 9, 2018		1.7200%		21,986
Credit Agricole - Star Polaris		August 11, 2014		November 9, 2018		1.7050%		23,132
Total							$	451,088

Derivative instruments effect on statement of operations

		Six month period ended June 30,
		2016			2017
Unaudited Condensed Consolidated Statement of Operations
Gain/(loss) on derivative financial instruments, net
Unrealized gain/(loss) from the Goldman Sachs Swaps after de-designation of accounting hedging relationship (April 1, 2015)	$	(1,930)		$	1,642
Realized gain/(loss) from the Goldman Sachs Swaps after de-designation of accounting hedging relationship (April 1, 2015)		(2,709)			(1,542)
Write-off of unrealized losses related to forecasted transactions which are no longer considered probable reclassified from other comprehensive income/(loss)		(42)			-
Total Gain/(loss) on derivative financial instruments, net	$	(4,681)		$	100
Interest and finance costs
Reclassification adjustments of interest rate swap loss transferred to Interest and finance costs from Other comprehensive income/(loss) (Note 8)		(667)			(473)
Total Gain/(loss) recognized	$	(667)		$	(473)
Gain/(loss) on forward freight agreements
Realized gain/(loss) on forward freight agreements		283			(500)
Unrealized gain/(loss) on forward freight agreements		-			(41)
Total Gain/(Loss) recognized	$	283		$	(541)

Fair value measurements on a recurring basis

	Significant Other Observable Inputs (Level 2)
	December 31, 2016				June 30, 2017
	(not designated as cash flow hedges)		(designated as cash flow hedges)		(not designated as cash flow hedges)		(designated as cash flow hedges)
ASSETS
Forward freight agreements  - asset position		$                          41		-		$                       -		-
Total		$                           41		-		-		-
LIABILITIES
Forward freight agreements - liability position		$                             -		-		-		-
Interest rate swaps - liability position		$                      2,908		437		$                 1,963		241
Total		$                      2,908		437		$                 1,963		241

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- References

No definition available.

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- Definition

Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5618551-113959

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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- Definition

Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

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