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Fair value measurements (Tables)

12 Months Ended

Dec. 31, 2017

Fair value measurements [Abstract]

Fair value measurements on a recurring basis - Interest rate swaps

		Designed as									Notional amount
Counterparty		accounting hedge		Inception		Expiry		Fixed Rate			December 31, 2017
Goldman Sachs		No		October 1, 2014		April 1, 2018		1.7925%			93,180
Goldman Sachs		No		October 1, 2014		April 1, 2018		1.8075%			93,180
Goldman Sachs		No		October 1, 2014		April 1, 2018		2.0675%			37,272
Goldman Sachs		No		October 1, 2014		April 1, 2018		1.8450%			93,180
Goldman Sachs		No		October 1, 2014		April 1, 2018		1.8025%			55,908
HSH - Star Challenger		Yes		September 30, 2014		September 28, 2018		1.7650%			6,406
HSH - Star Fighter		Yes		September 30, 2014		September 28, 2018		1.7650%			6,562
Credit Agricole - Star Borealis		Yes		November 10, 2014		August 9, 2018		1.7200%			21,015
Credit Agricole - Star Polaris		Yes		August 11, 2014		November 9, 2018		1.7050%			22,133
Total										$	428,836

Derivative instruments effect on statement of operations

	Year ended December 31,
		2015		2016			2017
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)	$	3,443	$	2,974		$	2,802
Realized gain/(loss) from the Goldman Sachs Swaps after de-designation of accounting hedging relationship (April 1, 2015)		(4,918)		(5,048)			(2,556)
Write-off of unrealized losses related to forecasted transactions which are no longer considered probable reclassified from other comprehensive income/(loss)		(1,793)		(42)			-
Ineffective portion of cash flow hedges		-		-			-
Total Gain/(loss) on derivative financial instruments, net	$	(3,268)	$	(2,116)		$	246
Interest and finance costs
Reclassification adjustments of interest rate swap loss transferred to Interest and finance costs from Other comprehensive income/(loss) (Note 8)		(2,416)		(1,252)			(852)
Total Gain/(loss) recognized	$	(2,416)	$	(1,252)		$	(852)
Gain/(loss) on forward freight agreements and bunker swaps
Realized gain/(loss) on forward freight agreements		-		370			(877)
Unrealized gain/(loss) on forward freight agreements		-		41			(24)
Unrealized gain/(loss) on bunker swaps		-		-			60
Total Gain/(loss) recognized	$	-	$	411		$	(841)

Fair value measurements on a recurring basis

	Significant Other Observable Inputs (Level 2)
	December 31, 2016		December 31, 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	-	$                         17	-
Bunker swaps - asset position	-	-	60	-
Total	$                        41	$ -	$                        77	$                         -
LIABILITIES
Forward freight agreements - liability position	$                        -	-	$                          -	-
Interest rate swaps - liability position	2,908	437	609	16
Total	$                2,908	437	$                      609	16

Fair value measurements on a nonrecurring basis

	Fair Value Measurements Using
Long-lived assets held and used	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant  Unobservable Inputs (Level 3)  Impairment loss	Impairment loss
Vessels, net	$      —	$      259,775	$      —	$      145,631
Advances for vessels under construction	—	36,152	—	158,532
TOTAL	$      —	$      295,927	$      —	$      304,163

Long-lived assets held and used	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant  Unobservable Inputs (Level 3)  Impairment loss	Impairment loss
Vessels, net	$      —	$      12,700	$      —	$      10,684
TOTAL	$      —	$      12,700	$      —	$      10,684

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: 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

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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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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