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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:      
Net income / (loss) $ 9,660 $ (16,201) $ 58,397
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:      
Depreciation (Note 5) 142,293 124,280 102,852
Amortisation of fair value of above market time charters (Note 8) (0) 336 (0)
Amortisation of fair value of below market time charters (Note 8) (1,184) (2,349) (1,820)
Amortization of debt (loan, lease & notes) issuance costs (Note 9) 7,815 5,590 3,253
Loss on debt extinguishment (Note 9) 4,924 3,526 2,383
Impairment loss (Note 5) 3,411 17,784
Loss / (gain) on sale of vessels (Note 5) 0 5,493 0
Provision for doubtful debts 373 1,607 722
Share-based compensation (Note 13) 4,624 7,943 8,072
Non-cash effects of interest rate swaps 0 0 (1,230)
Fair value hedge adjustment (Note 20) 0 0 (1,609)
Change in fair value of forward freight derivatives and bunker swaps (Note 20) (1,295) 246 1,339
Other non-cash charges 276 28 108
Gain on hull and machinery claims (Note 11) (2,154) (2,264) (309)
Equity in income of investee (36) (54) (45)
(Increase)/Decrease in:      
Trade accounts receivable 20,322 (20,383) (22,266)
Inventories 3,859 (23,717) (8,091)
Prepaid expenses and other receivables (2,211) (14,940) (7,545)
Derivatives asset (2) 0 0
Due from related parties 109 732 (1,091)
Due from managers 541 (615) (284)
Other non-current assets (1) (357) (1,972)
Increase/(Decrease) in:      
Accounts payable (3,052) 3,627 10,288
Due to related parties (2,578) 2,368 1,420
Accrued liabilities (18,064) 11,675 3,827
Due to managers 2,032 2,024 2,337
Deferred revenue 4,301 (3,481) 2,489
Net cash provided by / (used in) Operating Activities 170,552 88,525 169,009
Cash Flows from Investing Activities:      
Advances for vessels & vessel upgrades and other fixed assets (72,059) (347,140) (328,634)
Cash proceeds from vessel sales (Note 5) (0) 56,632 (0)
Hull and machinery insurance proceeds 5,725 10,671 3,307
Net cash provided by / (used in) Investing Activities (66,334) (279,837) (325,327)
Cash Flows from Financing Activities:      
Proceeds from bank loans, leases and notes 687,792 768,282 987,980
Loan and lease prepayments and repayments (708,910) (623,892) (875,037)
Financing and debt extinguishment fees paid (9,027) (15,366) (13,818)
Dividends paid (Note 10) (4,804) (4,804)
Offering expenses paid related to the issuance of common stock (532)
Repurchase of common shares (20,523) (3,145)
Refund of financing premia (0) (0) 1,247
Net cash provided by / (used in) Financing Activities (34,949) 103,697 96,695
Net increase/(decrease) in cash and cash equivalents and restricted cash 69,269 (87,615) (59,623)
Cash and cash equivalents and restricted cash at beginning of period 126,262 213,877 273,500
Cash and cash equivalents and restricted cash at end of period 195,531 126,262 213,877
Cash paid during the period for:      
Interest 61,557 82,172 65,158
Non-cash investing and financing activities:      
Shares issued in connection with vessel acquisitions 0 57,580 373,565
Vessel upgrades 9,674 27,848 0
Reconciliation of (a) cash and cash equivalents, and restricted cash reported within the consolidated balance sheets to (b) the total amount of such items reported in the statements of cash flows:      
Cash and cash equivalents 183,211 117,819 204,921
Restricted cash, current (Note 9) 7,299 7,422 6,435
Restricted cash, non-current (Note 9) 5,021 1,021 2,521
Cash and cash equivalents and restricted cash at end of period shown in the statement of cash flows $ 195,531 $ 126,262 $ 213,877