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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Voyage revenues (Note 18) $ 821,365 $ 651,561 $ 331,976
Expenses      
Voyage expenses (Note 3 and 19) 222,962 121,596 64,682
Charter-in hire expenses (Note 3) 126,813 92,896 5,325
Vessel operating expenses (Note 19) 160,062 128,872 101,428
Dry docking expenses 57,444 8,970 4,262
Depreciation 124,280 102,852 82,623
Management fees (Note 3 and 12) 17,500 11,321 7,543
General and administrative expenses (Note 3) 34,819 33,972 30,955
Impairment loss (Note 5 and 20) 3,411 17,784 0
Other operational loss 110 191 989
Other operational gain (Note 11) (2,423) 0 (2,918)
Provision for doubtful debts 1,607 722 0
(Gain)/Loss on forward freight agreements and bunker swaps (Note 20) (4,411) 447 841
(Gain)/Loss on sale of vessels ( Note 5) 5,493 0 (2,598)
Total Operating Expenses 747,667 519,623 293,132
Operating income / (loss) 73,698 131,938 38,844
Other Income/ (Expenses):      
Interest and finance costs (Note 9) (87,617) (73,715) (50,458)
Interest and other income/(loss) 1,299 1,866 2,997
Gain / (Loss) on derivative financial instruments, net (Note 20) 0 707 246
Loss on debt extinguishment (Note 9) (3,526) (2,383) (1,257)
Total other expenses, net (89,844) (73,525) (48,472)
Income / (loss) before taxes and equity in income of investee (16,146) 58,413 (9,628)
Income taxes (Note 16) (109) (61) (236)
Income/(Loss) before equity in income of investee (16,255) 58,352 (9,864)
Equity in income of investee 54 45 93
Net income/(loss) $ (16,201) $ 58,397 $ (9,771)
Earnings / (Loss) per share, basic $ (0.17) $ 0.76 $ (0.16)
Earnings / (Loss) per share, diluted $ (0.17) $ 0.76 $ (0.16)
Weighted average number of shares outstanding, basic (Note 14) 93,735,549 77,061,227 63,034,394
Weighted average number of shares outstanding, diluted (Note 14) 93,735,549 77,326,111 63,034,394