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Fair value measurements and Hedging (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Derivative instruments effect on statement of operations

		Six months ended June 30,
		2018			2019
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)	$	140		$	-
Realized gain/(loss) from the Goldman Sachs Swaps after de-designation of accounting hedging relationship (April 1, 2015)		(141)			-
Total Gain/(loss) on derivative financial instruments, net	$	(1)		$	-
Interest and finance costs
Reclassification adjustments of interest rate swap loss/(gain) transferred to Interest and finance costs from Other comprehensive income/(loss)		(73)			-
Total Gain/(loss) recognized	$	(73)		$	-
Gain/(loss) on forward freight agreements and bunker swaps
Realized gain/(loss) on forward freight agreements		1,580			8,337
Realized gain/(loss) on bunker swaps		71			33
Unrealized gain/(loss) on forward freight agreements		(1,097)			(2,290)
Unrealized gain/(loss) on bunker swaps		1,446			1,303
Total Gain/(loss) recognized	$	2,000		$	7,383

Fair value measurements on a recurring basis

		Significant Other Observable Inputs (Level 2)
		December 31, 2018		June 30, 2019
		(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		$                 537	-		-
Total		$                 537	-	$                  -	-
LIABILITIES
Forward freight agreements - liability position		$                     -	-	1,902	-
Bunker swaps - liability position		1,799	-	496	-
Total		$              1,799	-	2,398	-

Fair value measurements on a nonrecurring basis

Long-lived assets held and used		Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs	Significant Unobservable Inputs	Impairment loss
		(Level 1)	(Level 2)	(Level 3)
Vessels, net	$	-	24,475	-	3,411
TOTAL	$	-	24,475	-	3,411

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 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 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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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
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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://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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