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Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 180,936 $ 90,194
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation 75,537 70,075
Amortization of debt (loans & leases) issuance costs 1,691 1,990
Noncash lease expense 6,802 5,465
Gain/(Loss) on debt extinguishment, net 1,010 888
Impairment loss 0 7,700
(Gain)/loss on sale of vessels (22,938) 34
Loss on bad debt  0 300
Share-based compensation 5,717 6,360
Gain from insurance proceeds relating to vessel total loss 0 (28,163)
Loss on write-down of inventory  0 4,743
Change in fair value of forward freight derivatives and bunker swaps (3,700) 3,065
Other non-cash charges (18) 76
Change in fair value of interest rate swaps not designated as cash flow hedges 1,356 507
Gain on hull and machinery claims (470) (200)
Equity in income/(loss) of investee (11) (33)
(Increase)/Decrease in:    
Trade accounts receivable 21,880 23,292
Inventories 5,791 (2,734)
Prepaid expenses and other receivables  (13,302) (12,774)
Derivatives asset 1,392 1,550
Due from related parties 0 39
Due from managers 23 31
Other non-current assets (26) 0
Increase/(Decrease) in:    
Accounts payable (7,139) 4,694
Operating lease liability (6,802) (5,465)
Due to related parties (60) 474
Accrued liabilities (417) (532)
Due to managers 6,888 7,340
Deferred revenue 721 1,154
Other current liabilities 2,000 0
Net cash provided by / (used in) Operating Activities 256,861 180,070
Cash Flows from Investing Activities:    
Advances for vessels acquisitions, vessels under construction & vessel upgrades and other fixed assets (35,485) (8,764)
Cash proceeds from vessel sales 221,251 32,448
Cash proceeds from vessel total loss 0 55,000
Cash acquired related to the Eagle Merger 104,325 0
Hull and machinery insurance proceeds 2,391 558
Net cash provided by / (used in) Investing Activities 292,482 79,242
Cash Flows from Financing Activities:    
Proceeds from bank loans 388,120 77,000
Loan and lease prepayments and repayments (587,124) (208,967)
Financing and debt extinguishment fees paid (3,626) (930)
Dividends paid (122,833) (98,196)
Offering expenses paid  (96) (55)
Repurchase of common shares 0 (13,056)
Net cash provided by / (used in) Financing Activities (325,559) (244,204)
Net increase/(decrease) in cash and cash equivalents and restricted cash  223,784 15,108
Cash and cash equivalents and restricted cash at beginning of period 261,750 286,344
Cash and cash equivalents and restricted cash at end of period 485,534 301,452
  Cash paid during the period for:    
Interest 42,236 28,033
Non-cash investing and financing activities:    
Shares issued in connection with Eagle Merger 665,551 0
Vessel upgrades 3,358 3,422
Assumed bank loans and Convertible notes debt related to Eagle Merger 514,180 0
Right-of-use assets and lease obligations for charter-in contracts 115,257 0
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 462,578 285,248
Restricted cash, current 18,350 14,183
Restricted cash, non-current 4,606 2,021
Cash and cash equivalents and restricted cash at end of period shown in the statement of cash flows $ 485,534 $ 301,452