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Consolidated Income Statements - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Voyage revenues (Note 16) $ 1,265,458 $ 949,269 $ 1,437,156
Expenses/(Income):      
Voyage expenses (Notes 3 and 17) 266,225 253,843 286,534
Charter-in hire expenses (Note 6) 58,003 17,656 21,020
Vessel operating expenses (Note 17) 274,991 221,327 228,616
Dry docking expenses 62,728 41,969 47,718
Depreciation (Note 5) 164,055 138,429 156,733
Management fees (Notes 3 and 10) 18,956 16,809 19,071
General and administrative expenses (Note 3) 70,778 54,413 56,826
Impairment loss (Notes 5 and 18) 1,800 17,838 (0)
Loss on write-down of inventory (Note 2j) 6,286 9,318 17,326
Other operational loss 2,326 952 2,380
Other operational gain (Note 5) (4,740) (33,980) (8,794)
Loss on bad debt (Note 2i) 308 300 677
(Gain)/Loss on forward freight agreements and bunker swaps, net (Note 18) 4,033 1,336 1,451
Gain on sale of vessels (Note 5) (43,287) (29,399) 0
Total operating expenses, net 882,462 710,811 829,558
Operating income 382,996 238,458 607,598
Other Income/ (Expenses):      
Interest and finance costs (Note 8) (91,827) (71,319) (52,578)
Interest income and other income/(loss) 16,378 15,228 7,050
Gain/(Loss) on derivative financial instruments, net (Note 18) (1,861) (3,539) (0)
Gain/ (Loss) on debt extinguishment, net (Note 8) (1,144) (5,149) 4,064
Total other expenses, net (78,454) (64,779) (41,464)
Income before taxes and equity in income/ (loss) of investee 304,542 173,679 566,134
Income tax (expense)/refund (Note 14) 116 (183) (244)
Income before equity in income/(loss) of investee 304,658 173,496 565,890
Equity in income/(loss) of investee (Note 3) (4) 60 109
Net income $ 304,654 $ 173,556 $ 565,999
Earnings per share, basic $ 2.85 $ 1.76 $ 5.54
Earnings per share, diluted $ 2.80 $ 1.75 $ 5.52
Weighted average number of shares outstanding, basic (Note 12) 106,883,330 98,457,929 102,153,255
Weighted average number of shares outstanding, diluted(Note 12) 108,702,988 98,928,011 102,536,966