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Fair Value Measurements and Hedging (Tables) | 12 Months Ended
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Dec. 31, 2022
Fair Value Disclosures [Abstract] |
Fair Value Measurements and Hedging - Schedule of Derivative Instrument | Fair Value Measurements and Hedging - Schedule of Derivative Instrument
Counterparty | Trading Date | Inception | Expiry | Fixed Rate | Initial Notional | Current Notional
ING | Mar-20 | Mar-20 | Mar-26 | 0.7000% | $ 29,960 | $ 24,075
ING | Mar-20 | Apr-20 | Oct-25 | 0.7000% | $ 39,375 | $ 30,000
ING | Mar-20 | Apr-20 | Apr-23 | 0.6750% | $ 16,157 | $ 13,050
SEB | Mar-20 | Apr-20 | Jan-25 | 0.7270% | $ 58,885 | $ 46,879
Citi | Jun-20 | Jul-20 | Oct-23 | 0.3300% | $ 104,450 | $ 71,600
Citi | Jun-20 | Aug-20 | May-24 | 0.3510% | $ 56,075 | $ 44,396
Citi | Jun-20 | Jun-20 | Dec-23 | 0.3380% | $ 94,538 | $ 61,237
Citi | Jun-20 | Jun-20 | Aug-23 | 0.3280% | $ 56,915 | $ 35,515
Citi | Jun-20 | Jul-20 | Jul-23 | 0.3250% | $ 99,816 | $ 79,853
Citi | Jun-20 | Aug-20 | May-24 | 0.3520% | $ 31,350 | $ 24,780
Citi | Jun-20 | Sep-20 | Mar-24 | 0.3430% | $ 33,390 | $ 27,825
ING July 20 | Jul-20 | Jul-20 | Jul-26 | 0.3700% | $ 70,000 | $ 43,750
SEB | Feb-21 | Apr-21 | Jan-26 | 0.4525% | $ 37,050 | $ 25,350
ABN | Feb-21 | Mar-21 | Dec-23 | 0.3120% | $ 84,548 | $ 61,237
NBG | Jun-21 | Jun-21 | Jun-23 | 0.6500% | $ 125,000 | $102,500
Fair Value Measurements and Hedging - Derivative instruments effect on statements of operations (Table) | Fair Value Measurements and Hedging - Derivative instruments effect on statements of operations (Table)
|  | Years ended December 31,
|  | 2020 |  | 2021 |  | 2022
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 8) |  | (848) |  | (2,351) |  | 10,044
Total Gain/(loss) recognized | $ | (848) | $ | (2,351) | $ | 10,044
Gain/(loss) on forward freight agreements and bunker swaps, net |  |  |  |  |  |
Realized gain/(loss) on forward freight agreements and freight options |  | (5,995) |  | 1,308 |  | 1,165
Realized gain/(loss) on bunker swaps |  | 20,856 |  | 748 |  | (5,198)
Unrealized gain/(loss) on forward freight agreements and freight options |  | (430) |  | 1,802 |  | (1,398)
Unrealized gain/(loss) on bunker swaps |  | 1,725 |  | (294) |  | 3,980
Total Gain/(loss) recognized | $ | 16,156 | $ | 3,564 | $ | (1,451)
Fair Value Measurements and Hedging - Fair value on a recurring basis - Quoted Prices in Active Markets (Table) | Fair Value Measurements and Hedging - Fair value on a recurring basis - Quoted Prices in Active Markets (Table)
|  | Significant Other Observable Inputs (Level 2)
|  | December 31, 2021 | December 31, 2022
| 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 |  |  |  |  |  |  |
Forward freight agreements - current | Derivatives, current asset portion | $ | 1,440 | $ | - | $ | 191 | $ | -
Bunker swaps - current | Derivatives, current asset portion | $ | 7 | $ | - | $ | 3,688 | $ | -
Forward freight agreements - non-current | Derivatives, non-current asset portion | $ | 150 | $ | - | $ | - | $ | -
Total |  | $ | 1,597 | $ | - | $ | 3,879 | $ | -
LIABILITIES |  |  |  |  |  |  |
Bunker swaps - current | Derivatives, current asset portion | $ | 300 | $ | - | $ | - | $ | -
Total |  | $ | 300 | $ | - | $ | - | $ | -
Fair Value Measurements and Hedging - Fair value on a recurring basis - Significant Other Observable Inputs (Table) | Fair Value Measurements and Hedging - Fair value on a recurring basis - Significant Other Observable Inputs (Table)
|  |  | Significant Other Observable Inputs (Level 2)
|  |  | December 31, 2021 |  | December 31, 2022
| 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 | $ | - | $ | 549 | $ | 1,665 | $ | 20,041
Interest rate swaps - non-current | Derivatives, non-current asset portion | $ | - | $ | 6,763 | $ | 798 | $ | 7,868
Total |  | $ | - | $ | 7,312 | $ | 2,463 | $ | 27,909
LIABILITIES |  |  |  |  |  |  |  |  |
Interest rate swaps - current | Derivatives, current liability portion | $ | - | $ | 443 | $ | - | $ | -
Total |  | $ | - | $ | 443 | $ | - | $ | -

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References No definition available. + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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