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Fair value measurements and Hedging (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

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)

		Six months ended June 30,
		2022		2023
Consolidated Statement of Operations
Gain/(loss) on interest rate swaps, net
Gains/(loss) of de-designated accounting hedging relationship		-		(507)
Total Gain/(loss) on interest rate swaps, net	$	-	$	(507)
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)		633		14,412
Total Gain/(loss) recognized	$	633	$	14,412
Gain/(loss) on forward freight agreements and bunker swaps, net
Realized gain/(loss) on forward freight agreements and freight options		1,023		2,796
Realized gain/(loss) on bunker swaps		(4,085)		4,476
Unrealized gain/(loss) on forward freight agreements and freight options		(1,169)		(116)
Unrealized gain/(loss) on bunker swaps		292		(2,949)
Total Gain/(loss) recognized	$	(3,939)	$	4,207

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)

			Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)
			December 31, 2022				June 30, 2023
	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	$	191	$	-	$	-	$	-
Bunker swaps - current	Derivatives, current asset portion		3,688		-		738		-
Forward freight agreements - non-current	Derivatives, non-current asset portion		-		-		75		-
Total		$	3,879	$	-	$	813	$	-

Fair value measurements and Hedging - Fair value on recurring basis - Significant Other Observable Inputs (Table)

Fair value measurements and Hedging - Fair value on recurring basis - Significant Other Observable Inputs (Table)

			Significant Other Observable Inputs (Level 2)
			December 31, 2022				June 30, 2023
	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	$	1,665	$	20,041	$	-	$	12,159
Interest rate swaps - non-current	Derivatives, non-current asset portion		798		7,868		-		5,247
Total		$	2,463	$	27,909	$	-	$	17,406

X

- 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.

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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
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A

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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
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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