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Significant accounting policies and recent accounting pronouncements (Details)
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
$ / shares
Dec. 31, 2014
USD ($)
Change in Accounting Estimate [Line Items]        
Provision for doubtful receivables $ 0 $ 0    
Vessels' depreciation method straight-line basis      
Vessel's useful life 25 years      
Fleet utilization assumption 98.00%      
Inflation assumption 3.00%      
Impairment loss $ 0 29,221,000 $ 321,978,000  
Assets held for sale $ 0 $ 0    
Number of reportable segments 1      
Number of interest rate derivatives held by the Company 9 9    
Salvage Value        
Change in Accounting Estimate [Line Items]        
Change in Accounting Estimate, Description Effective as of January 1, 2015, following management's reassessment of the residual value of the Company's vessels, the Company increased the estimated scrap rate per light weight tonnage from $0.2 to $0.3. The current value of $0.3 was based on the historical average demolition prices prevailing in the market.      
Vessel salvage value per LWT $ 300 $ 300 300 $ 200
Effect of change in acounting estimate, decrease of charge to net income / (loss)     $ 6,337,000  
Effect of change in accounting estimate, loss on basic and diluted earnings per share | $ / shares     $ 0.16  
Supramax        
Change in Accounting Estimate [Line Items]        
Number of vessels subject to operating lease   1    
Designated as cash flow hedges        
Change in Accounting Estimate [Line Items]        
Number of interest rate derivatives held by the Company 4 4