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Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Revenues:    
Voyage revenues (Note 14) $ 306,996 $ 324,282
Expenses    
Voyage expenses (Note 3) 115,072 91,329
Charter-in hire expenses (Note 3) 14,053 44,442
Vessel operating expenses  85,223 78,133
Dry docking expenses 20,883 28,702
Depreciation 69,958 59,781
Management fees (Note 3) 9,202 8,188
General and administrative expenses (Note 3) 14,991 17,062
Impairment loss 0 3,411
Other operational loss 610 0
Other operational gain  (654) (171)
Provision for doubtful debts  0 1,250
(Gain)/Loss on forward freight agreements and bunker swaps (Note 13) (19,532) (7,383)
(Gain)/Loss on sale of vessels ( Note 5) 0 700
 Total Operating Expenses 309,806 325,444
Operating income / (loss) (2,810) (1,162)
Other Income/ (Expenses):    
Interest and finance costs (Note 8) (38,381) (43,826)
Interest and other income/(loss) 432 1,096
Loss on debt extinguishment (Note 6 and 8) (618) (1,619)
Total other expenses, net (38,567) (44,349)
Income / (loss) before taxes and equity in income of investee (41,377) (45,511)
Income taxes  (27) (59)
Income/(Loss) before equity in income of investee (41,404) (45,570)
Equity in income of investee 39 55
Net income/(loss) $ (41,365) $ (45,515)
Earnings / (Loss) per share, basic  $ (0.43) $ (0.49)
Earnings / (Loss) per share, diluted $ (0.43) $ (0.49)
Weighted average number of shares outstanding, basic (Note 10) 95,797,142 92,457,415
Weighted average number of shares outstanding, diluted  (Note 10) 95,797,142 92,457,415