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Fair value measurements and Hedging (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Fair value measurements on a recurring basis - Interest rate swaps

		Designed as								Notional amount June 30, 2018
Counterparty		accounting hedge		Inception		Expiry		Fixed Rate
HSH - Star Challenger		Yes		September 30, 2014		September 28, 2018		1.7650%		6,094
HSH - Star Fighter		Yes		September 30, 2014		September 28, 2018		1.7650%		6,271
Credit Agricole - Star Borealis		Yes		November 10, 2014		August 9, 2018		1.7200%		20,044
Credit Agricole - Star Polaris		Yes		August 11, 2014		November 9, 2018		1.7050%		21,133
Total									$	53,542

Derivative instruments effect on statement of operations

Six months ended June 30,
			2017			2018
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)		$	1,642		$	140
Realized gain/(loss) from the Goldman Sachs Swaps after de-designation of accounting hedging relationship (April 1, 2015)			(1,542)			(141)
Total Gain/(loss) on derivative financial instruments, net		$	100		$	(1)
Interest and finance costs
Reclassification adjustments of interest rate swap loss transferred to Interest and finance costs from Other comprehensive income/(loss) (Note 7)			(473)			(73)
Total Gain/(loss) recognized		$	(473)		$	(73)
Gain/(loss) on forward freight agreements and bunker swaps
Realized gain/(loss) on bunker swaps			(500)			1,580
Realized gain/(loss) on forward freight agreements			-			71
Unrealized gain/(loss) on forward freight agreements			(41)			(1,097)
Unrealized gain/(loss) on bunker swaps			-			1,446
Total Gain/(loss) recognized		$	(541)		$	2,000

Fair value measurements on a recurring basis

	Significant Other Observable Inputs (Level 2)
	December 31, 2017				June 30, 2018
		(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		$                17	-	$           -		-
Bunker swaps - asset position		60	-	1,507		-
Interest rate swaps - asset position		-	-	-		130
Total		$               77	-	$    1,507		130
LIABILITIES
Forward freight agreements - liability position		$                 -	-	1,080		-
Bunker swaps - liability position		-	-	-		-
Interest rate swaps - liability position		609	16	-		-
Total		$             609	16	1,080		-

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109980867&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

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