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Unaudited Interim Condensed Consolidated Income Statements - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Revenues:    
Voyage revenues (Note 13) $ 778,217 $ 511,878
Expenses/(Income)    
Voyage expenses (Note 3) 119,785 93,045
Charter-in hire expenses (Note 3) 12,950 7,342
Vessel operating expenses 115,847 100,326
Dry docking expenses 19,169 18,869
Depreciation (Note 5) 77,469 74,336
Management fees (Note 3) 9,800 9,605
General and administrative expenses (Note 3) 25,912 17,427
(Gain)/Loss on time charter agreement termination 0 (1,102)
Other operational loss 774 1,555
Other operational gain (2,103) (1,197)
(Gain)/Loss on forward freight agreements and bunker swaps, net (Note 12) 3,939 1,537
Total operating expenses, net 383,542 321,743
Operating income / (loss) 394,675 190,135
Other Income/ (Expenses):    
Interest and finance costs (Note 7) (24,308) (29,459)
Interest and other income/(loss) 61 1,662
Gain/ (Loss) on debt extinguishment, net (Note 7) 129 (2,353)
Total other expenses, net (24,118) (30,150)
Income / (loss) before taxes and equity in income of investee 370,557 159,985
Income taxes (37) 0
Income/(Loss) before equity in income of investee 370,520 159,985
Equity in income / (loss) of investee (10) (13)
Net income/(loss) $ 370,510 $ 159,972
Earnings / (Loss) per share, basic  $ 3.63 $ 1.60
Earnings / (Loss) per share, diluted $ 3.62 $ 1.59
Weighted average number of shares outstanding, basic (Note 9) 102,098,942 100,256,417
Weighted average number of shares outstanding, diluted  (Note 9) 102,439,945 100,537,897