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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net income $ 173,556 $ 565,999 $ 680,530
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:      
Depreciation 138,429 156,733 152,640
Amortisation of fair value of below market time charters 0 0 (187)
Amortization of debt (loans & leases) issuance costs 3,661 4,918 6,511
Amortization of operating lease right-of-use assets   9,793 10,638 (0)
Gain/(Loss) on debt extinguishment, net 5,149 (4,064) 3,257
Impairment loss 17,838 (0) (0)
Gain on sale of vessels (29,399) 0 0
Loss on bad debt  300 677 629
Share-based compensation 20,877 28,481 10,335
Gain from insurance proceeds relating to vessel total loss (28,163) 0 0
(Gain)/Loss on time charter agreement termination 0 0 (1,102)
Loss on write-down of inventory 9,318 17,326 (0)
Change in fair value of forward freight derivatives and bunker swaps 9,662 (2,583) (1,508)
Other non-cash charges 170 (225) (116)
Write-off of current assets 0 607 0
Gain on hull and machinery claims (200) 0 (192)
Equity in income of investee (60) (109) (120)
(Increase)/Decrease in:      
Trade accounts receivable 14,396 (3,650) (43,600)
Inventories (5,851) (9,411) (27,783)
Prepaid expenses and other receivables  (6,829) (3,818) (19,012)
Derivatives asset 6,625 (91) 500
Due from related parties 286 (82) 239
Due from managers 61 9,338 (9,064)
Increase/(Decrease) in:      
Accounts payable 7,306 11,563 (8,040)
Operating lease liability (9,792) (10,638) 0
Due to related parties 158 75 (13)
Accrued liabilities (2,610) 4,031 13,810
Due to managers 1,042 2,459 (3,928)
Deferred revenue 54 (8,276) 13,285
Net cash provided by / (used in) Operating Activities 335,777 769,898 767,071
Cash Flows from Investing Activities:      
Advances for vessels & vessel upgrades and other fixed assets (18,091) (25,403) (130,147)
Cash proceeds from vessel sales 195,968 (0) (0)
Cash proceeds from vessel total loss 55,000 (0) (0)
Hull and machinery insurance proceeds 2,641 4,531 8,884
Net cash provided by / (used in) Investing Activities 235,518 (20,872) (121,263)
Cash Flows from Financing Activities:      
Proceeds from bank loans and leases 441,405 315,000 470,650
Loan and lease prepayments and repayments (492,570) (576,025) (593,183)
Financing and debt extinguishment fees paid (6,588) (5,543) (4,584)
Dividends paid (158,052) (668,697) (230,240)
Proceeds from issuance of common stock 13,165 19,792 (0)
Offering expenses paid (141) (412) (433)
Repurchase of common shares  (393,108) (20,068) (10,278)
Net cash provided by / (used in) Financing Activities (595,889) (935,953) (368,068)
Net increase/(decrease) in cash and cash equivalents and restricted cash  (24,594) (186,927) 277,740
Cash and cash equivalents and restricted cash at beginning of period 286,344 473,271 195,531
Cash and cash equivalents and restricted cash at end of period 261,750 286,344 473,271
  Cash paid during the period for:      
Interest 56,025 49,598 49,658
Non-cash investing and financing activities:      
Shares issued in connection with vessel acquisitions (0) (0) 69,884
Vessel upgrades 2,916 (0) (0)
Assumed debt upon acquisition (0) (0) 99,601
Right-of-use assets and lease obligations for charter-in contracts (0) (0) 48,796
Unpaid offering expenses (0) 33 (0)
Dividends declared but not paid (0) (0) (233)
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 227,481 269,754 450,285
Restricted cash, current 32,248 14,569 20,965
Restricted cash, non-current 2,021 2,021 2,021
Cash and cash equivalents and restricted cash at end of period shown in the statement of cash flows $ 261,750 $ 286,344 $ 473,271