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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Voyage revenues (Note 2 and 3) $ 651,561 $ 331,976 $ 221,987
Management fee income 0 0 119
Total revenues 651,561 331,976 222,106
Expenses      
Voyage expenses (Note 3 and 17) 121,596 64,682 65,821
Charter-in hire expenses 92,896 5,325 3,550
Vessel operating expenses (Note 17) 128,872 101,428 98,830
Dry docking expenses 8,970 4,262 6,023
Depreciation 102,852 82,623 81,935
Management fees (Note 3 and 11) 11,321 7,543 7,604
General and administrative expenses (Note 3) 33,972 30,955 24,602
Impairment loss (Note 5 and Note 18) 17,784 0 29,221
Other operational loss 191 989 503
Other operational gain (Note 10) 0 (2,918) (1,565)
Provision for doubtful debts 722 0 0
(Gain)/Loss on forward freight agreements and bunker swaps (Note 18) 447 841 (411)
(Gain)/Loss on sale of vessels (Note 5) 0 (2,598) 15,248
Total Operating Expenses 519,623 293,132 331,361
Operating income / (loss) 131,938 38,844 (109,255)
Other Income/ (Expenses):      
Interest and finance costs (Note 8) (73,715) (50,458) (41,217)
Interest and other income/(loss) 1,866 2,997 876
Gain / (Loss) on derivative financial instruments, net (Note 18) 707 246 (2,116)
Loss on debt extinguishment (Note 8) (2,383) (1,257) (2,375)
Total other expenses, net (73,525) (48,472) (44,832)
Income / (loss) before taxes and equity in income of investee 58,413 (9,628) (154,087)
Income taxes (Note 15) (61) (236) (267)
Income/(Loss) before equity in income of investee 58,352 (9,864) (154,354)
Equity in income of investee 45 93 126
Net income/(loss) $ 58,397 $ (9,771) $ (154,228)
Earnings / (Loss) per share, basic $ 0.76 $ (0.16) $ (3.24)
Earnings / (Loss) per share, diluted $ 0.76 $ (0.16) $ (3.24)
Weighted average number of shares outstanding, basic (Note 13) 77,061,227 63,034,394 47,574,454
Weighted average number of shares outstanding, diluted (Note 13) 77,326,111 63,034,394 47,574,454