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Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Revenues:    
Voyage revenues $ 143,471 $ 98,862
Management fee income 0 91
Total revenues 143,471 98,953
Expenses    
Voyage expenses 31,649 37,284
Charter-in hire expenses 1,736 1,918
Vessel operating expenses 49,560 49,364
Dry docking expenses 3,248 1,583
Depreciation 40,387 40,847
Management fees (Note 10) 3,689 3,911
General and administrative expenses 17,316 13,298
Impairment loss (Note 5) 0 6,694
Other operational loss 751 109
Other operational gain (2,461) (50)
(Gain)/ Loss on forward freight agreements (Note 15) 541 (283)
(Gain)/ Loss on sale of vessels (Note 5) 370 21
Total Operating Expenses 146,786 154,696
Operating income / (loss) (3,315) (55,743)
Other Income/ (Expenses):    
Interest and finance costs (Note 8) (23,766) (19,694)
Interest and other income/(loss) 1,223 154
Gain / (Loss) on derivative financial instrument, net (Note 15) 100 (4,681)
Loss on debt extinguishment (Note 8) (358) (1,801)
Total other expenses, net (22,801) (26,022)
Income/(Loss) before equity in income of investee (26,116) (81,765)
Equity in income of investee 4 69
Income / (loss) before taxes (26,112) (81,696)
US Source Income taxes (117) 0
Net income/(loss) $ (26,229) $ (81,696)
Earnings / (Loss) per share, basic $ (0.42) $ (1.86)
Earnings / (Loss) per share, diluted $ (0.42) $ (1.86)
Weighted average number of shares outstanding, basic (Note 12) 62,188,645 43,880,713
Weighted average number of shares outstanding, diluted (Note 12) 62,188,645 43,880,713