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Fair value measurements and Hedging (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Fair Value Measurements and Hedging - Derivative instruments effect on statement of operations (Table)

 

           
  Six months ended June 30,
    2020     2021
Consolidated Statement of Operations          
           
Interest and finance costs          
Reclassification adjustments of interest rate swap loss/(gain) transferred to Interest and finance costs from Other comprehensive income/(loss) (Note 7)                    492                        (998)
Total Gain/(loss) recognized  $                  492    $                     (998)
           
Gain/(loss) on forward freight agreements and bunker swaps, net          
Realized gain/(loss) on forward freight agreements and freight options   11,635     (39)
Realized gain/(loss) on bunker swaps   7,957     58
Unrealized gain/(loss) on forward freight agreements and freight options   (12,555)     (1,560)
Unrealized gain/(loss) on bunker swaps   12,495     4
Total Gain/(loss) recognized $             19,532    $                  (1,537)

 

Fair Value Measurements and Hedging - Fair value on a recurring basis - Significant Other Observable Inputs (Table)

 

 

           
    Significant Other Observable Inputs (Level 2)
    December 31, 2020 June 30, 2021
   Balance Sheet Location (not designated as cash flow hedges) (designated as cash flow hedges) (not designated as cash flow hedges) (designated as cash flow hedges)
ASSETS          
Interest rate swaps - current Derivatives, current asset portion $ — $— $ — 335
Interest rate swaps - non-current Derivatives, non-current asset portion 3,397
Total    $—  —  $— 3,732
LIABILITIES          
Interest rate swaps - current  Derivatives, current liability portion $— 1,727 $— 2,010
Interest rate swaps - non-current  Derivatives, non-current liability portion $—  2,265  $— 535
Total    $— 3,992 $—  2,545
Fair Value Measurements and Hedging - Fair value on a recurring basis - Quoted Prices in Active Markets (Table)

 

    Quoted Prices in Active Markets  for Identical Assets (Level 1)
    December 31, 2020 June 30, 2021
  Balance Sheet Location (not designated as cash flow hedges) (designated as cash flow hedges) (not designated as cash flow hedges) (designated as cash flow hedges)
ASSETS          
Freight derivatives - current Derivatives, current asset portion  $                              -    -     $                         -     -   
Total     $                              -    -     $                         -     -   
LIABILITIES          
Freight derivatives - current Derivatives, current liability portion  $                            212                            -     $                    1,701 -   
Freight derivatives - non-current Derivatives, non-current liability portion -     -     $                         68 -   
Total     $                           212 -     $                   1,769 -