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Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 90,194 $ 370,510
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation (Note 5) 70,075 77,469
Amortization of debt (loans & leases) issuance costs (Note 8) 1,990 2,641
Amortization of operating lease right-of-use assets (Note 6) 5,465 0
Gain/(Loss) on debt extinguishment, net (Note 8) 888 (129)
Impairment loss (Note 5) 7,700 (0)
Loss / (gain) on sale of vessels (Note 6) 34 0
Loss on bad debt  300 (0)
Share-based compensation (Note 11) 6,360 11,480
Gain from insurance proceeds relating to vessel total loss (Note 5) (28,163) 0
Loss on write-down of inventory  4,743 (0)
Change in fair value of forward freight derivatives and bunker swaps (Note 13) 3,065 877
Other non-cash charges 76 (321)
Gain on hull and machinery claims (200) 0
Equity in income / (loss) of investee (Note 3) (33) 10
(Increase)/Decrease in:    
Trade accounts receivable 23,292 (12,371)
Inventories (2,734) (22,586)
Prepaid expenses and other receivables  (12,774) 1,937
Derivatives asset 2,057 (753)
Due from related parties 39 (911)
Due from managers 31 9,404
Increase/(Decrease) in:    
Accounts payable 4,694 11,388
Operating lease liability (Note 6) (5,465) 0
Due to related parties 474 1,758
Accrued liabilities (532) 3,859
Due to managers 7,340 11,533
Deferred revenue 1,154 3,292
Net cash provided by / (used in) Operating Activities 180,070 469,087
Cash Flows from Investing Activities:    
 Vessel upgrades and other fixed assets (8,764) (12,368)
Cash proceeds from vessel sales (Note 5) 32,448 0
Cash proceeds from vessel total loss (Note 5) 55,000 0
Treasury bills 0 (35,226)
Hull and machinery insurance proceeds 558 1,735
Net cash provided by / (used in) Investing Activities 79,242 (45,859)
Cash Flows from Financing Activities:    
Proceeds from bank loans, leases and notes (Note 8) 77,000 100,000
Loan and lease prepayments and repayments (208,967) (267,351)
Financing and debt extinguishment fees paid (930) (3,044)
Dividends paid (Note 9) (98,196) (375,251)
Proceeds from issuance of common stock 0 19,792
Offering expenses paid  (55) (207)
Repurchase of common shares (Note 9) (13,056) (20,068)
Net cash provided by / (used in) Financing Activities (244,204) (546,129)
Net increase/(decrease) in cash and cash equivalents and restricted cash  15,108 (122,901)
Cash and cash equivalents and restricted cash at beginning of period 286,344 473,271
Cash and cash equivalents and restricted cash at end of period 301,452 350,370
  Cash paid during the period for:    
Interest 28,033 22,784
Non-cash investing and financing activities:    
Vessel upgrades 3,422 1,520
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 285,248 335,774
Restricted cash, current (Note 8) 14,183 12,575
Restricted cash, non-current (Note 8) 2,021 2,021
Cash and cash equivalents and restricted cash at end of period shown in the statement of cash flows $ 301,452 $ 350,370