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Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Revenues:    
Voyage revenues (Note 13) $ 511,878 $ 306,996
Expenses    
Voyage expenses (Note 3) 93,045 115,072
Charter-in hire expenses (Note 3) 7,342 14,053
Vessel operating expenses 100,326 85,223
Dry docking expenses 18,869 20,883
Depreciation (Note 5) 74,336 69,958
Management fees (Notes 3) 9,605 9,202
General and administrative expenses (Note 3) 17,427 14,991
(Gain)/Loss on time charter agreement termination (1,102) 0
Other operational loss 1,555 610
Other operational gain (1,197) (654)
(Gain)/Loss on forward freight agreements and bunker swaps, net (Note 12) 1,537 (19,532)
Total operating expenses 321,743 309,806
Operating income / (loss) 190,135 (2,810)
Other Income/ (Expenses):    
Interest and finance costs (Note 7) (29,459) (38,381)
Interest and other income/(loss) 1,662 432
Loss on debt extinguishment (Note 7) (2,353) (618)
Total other expenses, net (30,150) (38,567)
Income / (loss) before taxes and equity in income of investee 159,985 (41,377)
Income taxes 0 (27)
Income/(Loss) before equity in income of investee 159,985 (41,404)
Equity in income / (loss) of investee (13) 39
Net income/(loss) $ 159,972 $ (41,365)
Earnings / (Loss) per share, basic $ 1.60 $ (0.43)
Earnings / (Loss) per share, diluted $ 1.59 $ (0.43)
Weighted average number of shares outstanding, basic (Note 9) 100,256,417 95,797,142
Weighted average number of shares outstanding, diluted  (Note 9) 100,537,897 95,797,142