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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities:      
Net income / (loss) $ 58,397 $ (9,771) $ (154,228)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:      
Depreciation 102,852 82,623 81,935
Amortisation of fair value of above market time charters (Note 7) 0 0 254
Amortization of debt issuance costs (Note 8) 3,253 2,660 2,855
Loss on debt extinguishment (Note 8) 2,383 1,257 2,375
Amortisation of fair value of below market time charters (Note 7) (1,820) 0 0
Impairment loss (Note 5) 17,784 0 29,221
Loss / (gain) on sale of vessels (Note 5) 0 (2,598) 15,248
Provision for doubtful debts 722 0 0
Share-based compensation (Note 12) 8,072 9,267 4,166
Non-cash effects of derivative financial instruments (Note 18) (1,230) (1,821) (4,182)
Fair value hedge adjustment (Note 18) (1,609) 0 0
Change in fair value of forward freight derivatives (Note 18) 1,339 (36) (41)
Other non-cash charges 108 144 112
Amortization of deferred gain (Note 5) 0 (52) (75)
Write-off of claim receivable 0 0 225
Gain on hull and machinery claims (309) (456) (1,472)
Equity in income of investee (45) (93) (126)
(Increase)/Decrease in:      
Trade accounts receivable (22,266) (5,949) (1,683)
Inventories (8,091) (4,811) (184)
Prepaid expenses and other receivables (7,545) (43) 3,142
Due from related parties (1,091) 745 287
Due from managers (284) 1,430 (1,430)
Other non-current assets (charterers' receivable amount) (1,972) 0 0
Increase/(Decrease) in:      
Accounts payable 10,288 4,709 (4,236)
Due to related parties 1,420 (127) (66)
Accrued liabilities 3,827 (863) (2,633)
Due to managers 2,337 1,420 (2,291)
Deferred revenue 2,489 5,169 (405)
Net cash provided by / (used in) Operating Activities 169,009 82,804 (33,232)
Cash Flows from Investing Activities:      
Advances for vessels under construction and acquisition of vessels and other fixed assets (328,634) (143,684) (396,154)
Cash proceeds from vessel sales (Note 5) 0 15,153 380,193
Hull and machinery insurance proceeds 3,307 1,430 2,536
Net cash provided by / (used in) Investing Activities (325,327) (127,101) (13,425)
Cash Flows from Financing Activities:      
Proceeds from bank loans, leases and notes 987,980 160,780 151,763
Loan, lease and notes prepayments and repayments (875,037) (86,262) (181,201)
Financing fees paid (13,818) (2,910) (474)
Proceeds from issuance of common stock 0 51,454 50,589
Offering expenses paid (532) (1,027) (311)
Repurchase of common shares (3,145) 0 0
Refund of financing premia 1,247 0 0
Net cash provided by / (used in) Financing Activities 96,695 122,035 20,366
Net increase/(decrease) in cash and cash equivalents and restricted cash (59,623) 77,738 (26,291)
Cash and cash equivalents and restricted cash at beginning of period 273,500 195,762 222,053
Cash and cash equivalents and restricted cash at end of period 213,877 273,500 195,762
Cash paid during the year for:      
Interest 65,158 50,227 47,997
Non-cash investing and financing activities:      
Shares issued in connection with vessel acquisitions $ 373,565 $ 0 $ 0