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Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities:    
Net income / (loss) $ 159,972 $ (41,365)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation (Note 5) 74,336 69,958
Amortisation of fair value of below market time charters (187) (718)
Amortization of debt (loan, lease & notes) issuance costs (Note 7) 3,606 3,663
Loss on debt extinguishment (Note 7) 2,353 618
Share-based compensation (Note 10) 2,571 1,216
(Gain)/Loss on time charter agreement termination (1,102) 0
Change in fair value of forward freight derivatives and bunker swaps (Note 12) 1,556 60
Other non-cash charges (166) 64
Gain on hull and machinery claims (141) (91)
Equity in income / (loss) of investee 13 (39)
(Increase)/Decrease in:    
Trade accounts receivable (27,473) 26,563
Inventories (15,143) 3,981
Prepaid expenses and other receivables  (8,502) 1,831
Derivatives asset 502 (726)
Due from related parties 15 450
Due from managers 140 899
Increase/(Decrease) in:    
Accounts payable 5,089 92
Due to related parties 1,732 (2,045)
Accrued liabilities 8,291 (18,042)
Due to managers 2,612 5,314
Deferred revenue 9,593 3,777
Net cash provided by / (used in) Operating Activities 219,667 55,460
Cash Flows from Investing Activities:    
Advances for vessels & vessel upgrades and other fixed assets (116,434) (51,297)
Hull and machinery insurance proceeds 8,178 3,113
Net cash provided by / (used in) Investing Activities (108,256) (48,184)
Cash Flows from Financing Activities:    
Proceeds from bank loans, leases and notes 164,000 149,135
Loan and lease prepayments and repayments (195,043) (169,229)
Financing and debt extinguishment fees paid (3,212) (1,020)
Dividends paid (30,672) (4,804)
Offering expenses paid related to the issuance of common stock (141) 0
Refund of financing premia 903 (0)
Net cash provided by / (used in) Financing Activities (64,165) (25,918)
Net increase/(decrease) in cash and cash equivalents and restricted cash  47,246 (18,642)
Cash and cash equivalents and restricted cash at beginning of period 195,531 126,262
Cash and cash equivalents and restricted cash at end of period 242,777 107,620
  Cash paid during the period for:    
Interest 26,100 35,070
Non-cash investing and financing activities:    
Shares issued in connection with vessel acquisitions 69,884 (0)
Vessel upgrades (0) 20,360
Assumed debt upon acquisition 99,601 (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 225,473 77,506
Restricted cash, current (Notes 7 and 12) 12,283 29,094
Restricted cash, non-current (Notes 7 and 12) 5,021 1,020
Cash and cash equivalents and restricted cash at end of period shown in the statement of cash flows $ 242,777 $ 107,620