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Unaudited Interim Condensed Consolidated Income Statements - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Revenues:    
Voyage revenues (Note 15) $ 478,058 $ 612,265
Expenses/(Income)    
Voyage expenses (Note 3) 112,164 129,428
Charter-in hire expenses (Note 6) 33,210 16,993
Vessel operating expenses 135,897 126,699
Dry docking expenses 45,703 22,369
Depreciation (Note 5) 85,562 75,537
Management fees (Note 3) 11,494 8,696
General and administrative expenses (Note 3) 33,497 30,175
Other operational loss 1,590 901
Other operational gain (Note 14) (13,727) (1,742)
(Gain)/Loss on forward freight agreements and bunker swaps, net (Note 13) (4,335) 4,316
(Gain)/Loss on sale of vessels (Note 5) 8,698 (22,938)
Total operating expenses, net 449,753 390,434
Operating income 28,305 221,831
Other Income/ (Expenses):    
Interest and finance costs (Note 8) (38,133) (46,112)
Interest income and other income/(loss) 10,087 7,346
Gain/(Loss) on derivative financial instruments, net (Note 13) 446 (1,246)
Gain/(Loss) on debt extinguishment, net (Note 8 and 13) (186) (1,010)
Total other expenses, net (27,786) (41,022)
Income before taxes and equity in income/(loss) of investee 519 180,809
Income tax (expense)/refund 0 116
Income before equity in income/(loss) of investee 519 180,925
Equity in income/(loss) of investee (Note 3) (18) 11
Net income $ 501 $ 180,936
Earnings per share, basic $ 0.00 $ 1.87
Earnings per share, diluted $ 0.00 $ 1.82
Weighted average number of shares outstanding, basic (Note 10) 116,583,497 96,670,823
Weighted average number of shares outstanding, diluted (Note 10) 116,755,442 99,716,982