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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Voyage revenues (Note 16) $ 1,437,156 $ 1,427,423 $ 693,241
Expenses/(Income)      
Voyage expenses (Notes 3 and 17) 286,534 226,111 200,058
Charter-in hire expenses (Note 3) 21,020 14,565 32,055
Vessel operating expenses (Note 17) 228,616 208,661 178,543
Dry docking expenses 47,718 30,986 23,519
Depreciation (Note 5) 156,733 152,640 142,293
Management fees (Notes 3 and 10) 19,071 19,489 18,405
General and administrative expenses (Note 3) 56,826 39,500 31,881
Loss on write-down of inventory (Note 2j) 17,326 (0) (0)
(Gain)/Loss on time charter agreement termination 0 (1,102) 0
Other operational loss 2,380 2,214 1,513
Other operational gain (8,794) (2,110) (3,231)
Loss on bad debt  677 629 373
(Gain)/Loss on forward freight agreements and bunker swaps, net (Note 18) 1,451 (3,564) (16,156)
Total operating expenses, net 829,558 688,019 609,253
Operating income / (loss) 607,598 739,404 83,988
Other Income/ (Expenses):      
Interest and finance costs (Note 8) (52,578) (56,036) (69,555)
Interest income and other income/(loss) 7,050 315 267
Gain/(Loss) on debt extinguishment, net (Note 8) 4,064 (3,257) (4,924)
Total other expenses, net (41,464) (58,978) (74,212)
 Income / (loss) before taxes and equity in income of investee 566,134 680,426 9,776
Income taxes (Note 14) (244) (16) (152)
Income/(Loss) before equity in income of investee 565,890 680,410 9,624
Equity in income / (loss) of investee 109 120 36
Net income/(loss) $ 565,999 $ 680,530 $ 9,660
Earnings / (Loss) per share, basic $ 5.54 $ 6.73 $ 0.10
Earnings / (Loss) per share, diluted $ 5.52 $ 6.71 $ 0.10
Weighted average number of shares outstanding, basic (Note 12) 102,153,255 101,183,829 96,128,173
Weighted average number of shares outstanding, diluted  (Note 12) 102,536,966 101,479,072 96,281,389