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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Voyage revenues $ 331,976 $ 221,987 $ 234,035
Management fee income 0 119 251
Total revenues 331,976 222,106 234,286
Expenses      
Voyage expenses (Note 17) 64,682 65,821 72,877
Charter-in hire expenses 5,325 3,550 1,025
Vessel operating expenses (Note 17) 101,428 98,830 112,796
Dry docking expenses 4,262 6,023 14,950
Depreciation 82,623 81,935 82,070
Management fees (Note 11) 7,543 7,604 8,436
General and administrative expenses 30,955 24,602 23,621
Impairment loss (Note 5, Note 6 and Note 18) 0 29,221 321,978
Loss on time-charter agreement termination (Note 7) 0 0 2,114
Other operational loss 989 503 0
Other operational gain (Note 10) (2,918) (1,565) (592)
(Gain)/Loss on forward freight agreements and bunker swaps (Note 18) 841 (411) 0
(Gain)/Loss on sale of vessel (Note 5) (2,598) 15,248 20,585
Total Operating Expenses 293,132 331,361 659,860
Operating income / (loss) 38,844 (109,255) (425,574)
Other Income/ (Expenses):      
Interest and finance costs (Note 8) (50,458) (41,217) (29,661)
Interest and other income/(loss) 2,997 876 1,090
Gain / (Loss) on derivative financial instrument, net (Note 18) 246 (2,116) (3,268)
Loss on debt extinguishment (Note 8) (1,257) (2,375) (974)
Total other expenses, net (48,472) (44,832) (32,813)
Income/(Loss) before equity in income of investee (9,628) (154,087) (458,387)
Equity in income of investee 93 126 210
Income / (loss) before taxes (9,535) (153,961) (458,177)
Income taxes (Note 15) (236) (267) 0
Net income/(loss) $ (9,771) $ (154,228) $ (458,177)
Earnings / (Loss) per share, basic $ (0.16) $ (3.24) $ (11.71)
Earnings / (Loss) per share, diluted $ (0.16) $ (3.24) $ (11.71)
Weighted average number of shares outstanding, basic (Note 13) 63,034,394 47,574,454 39,124,673
Weighted average number of shares outstanding, diluted (Note 13) 63,034,394 47,574,454 39,124,673