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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities:      
Net income / (loss) $ (9,771) $ (154,228) $ (458,177)
Adjustments to reconcile net loss to net cash provided by/(used in) operating activities:      
Depreciation 82,623 81,935 82,070
Amortization of fair value of above market acquired time charters (Note 7) 0 254 9,540
Amortization of debt issuance costs (Note 8) 2,660 2,855 2,732
Loss on debt extinguishment (Note 8) 1,257 2,375 974
Impairment loss (Note 5) 0 29,221 321,978
Loss / (gain) on sale of vessels (Note 5) (2,598) 15,248 20,585
Stock-based compensation (Note 12) 9,267 4,166 2,684
Non-cash effects of derivative financial instruments (Note 18) (1,821) (4,182) (121)
Loss on time-charter agreement termination 0 0 2,114
Change in fair value of forward freight derivatives (Note 18) (36) (41) 0
Other non-cash charges 144 112 38
Amortization of deferred gain (Note 5) (52) (75) (22)
Write-off of claim receivable 0 225 0
Gain on hull and machinery claim (456) (1,472) 0
Equity in income of investee (93) (126) (210)
(Increase)/Decrease in:      
Restricted cash for forward freight derivatives (1,834) (216) 0
Trade accounts receivable (5,949) (1,683) 13,876
Inventories (4,811) (184) 121
Prepaid expenses and other current assets (43) 3,142 (8,497)
Due from related parties 745 287 (964)
Due from managers 1,430 (1,430) 0
Increase/(Decrease) in:      
Accounts payable 4,709 (4,236) (5,276)
Due to related parties (127) (66) (1,744)
Accrued liabilities (863) (2,633) 1,465
Due to managers 1,420 (2,291) 2,291
Deferred revenue 5,169 (405) (35)
Net cash provided by / (used in) Operating Activities 80,970 (33,448) (14,578)
Cash Flows from Investing Activities:      
Advances for vessels under construction and acquisition of vessels and other assets (143,684) (396,154) (473,917)
Cash proceeds from vessel sales (Note 5) 15,153 380,193 70,300
Decrease in restricted cash 482 7,251 4,500
Increase in restricted cash (233) (7,042) (4,525)
Proceeds from cancellation of vessels under construction 0 0 5,800
Hull and machinery insurance proceeds 1,430 2,536 309
Net cash provided by / (used in) Investing Activities (126,852) (13,216) (397,533)
Cash Flows from Financing Activities:      
Proceeds from bank loans and capital leases 160,780 151,763 373,993
Loan prepayments and repayments (86,262) (181,201) (244,529)
Financing fees paid (2,910) (474) (13,094)
Proceeds from issuance of common stock 51,454 50,589 418,771
Offering expenses paid related to the issuance of common stock (1,027) (311) (974)
Net cash provided by / (used in) Financing Activities 122,035 20,366 534,167
Net (decrease) / increase in cash and cash equivalents 76,153 (26,298) 122,056
Cash and cash equivalents at beginning of period 181,758 208,056 86,000
Cash and cash equivalents at end of the period 257,911 181,758 208,056
Cash paid during the period for:      
Interest $ 50,227 $ 47,997 $ 29,813