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Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Revenues:    
Voyage revenues (Note 15) $ 324,282 $ 253,661
Total revenues 324,282 253,661
Expenses    
Voyage expenses 91,329 42,586
Charter-in hire expenses 44,442 40,763
Vessel operating expenses 78,133 53,681
Dry docking expenses 28,702 3,269
Depreciation 59,781 43,243
Management fees 8,188 3,913
General and administrative expenses 17,062 17,702
Impairment loss (Note 5) 3,411 0
Other operational gain (171) (41)
Provision for doubtful debts 1,250 0
(Gain)/Loss on forward freight agreements and bunker swaps (Note 14) (7,383) (2,000)
(Gain)/Loss on sale of vessels (Note 5) 700 0
Total Operating Expenses 325,444 203,116
Operating income / (loss) (1,162) 50,545
Other Income/ (Expenses):    
Interest and finance costs (Note 9) (43,826) (30,338)
Interest and other income/(loss) 1,096 394
Gain / (Loss) on derivative financial instruments, net (Note 14) 0 (1)
Loss on debt extinguishment (Notes 7 and 9) (1,619) (21)
Total other expenses, net (44,349) (29,966)
Income / (loss) before taxes and equity in income of investee (45,511) 20,579
Income taxes (59) 0
Income/(Loss) before equity in income of investee (45,570) 20,579
Equity in income of investee 55 49
Net income/(loss) $ (45,515) $ 20,628
Earnings / (Loss) per share, basic $ (0.49) $ 0.32
Earnings / (Loss) per share, diluted $ (0.49) $ 0.32
Weighted average number of shares outstanding, basic (Note 11) 92,457,415 64,170,654
Weighted average number of shares outstanding, diluted (Note 11) 92,457,415 64,468,860