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Consolidated Income Statement - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Profit or loss [abstract]      
Shipping revenues $ 355,052 $ 356,010 $ 365,114
Operating expenses      
Voyage expenses (113,301) (65,349) (68,864)
Vessel operating expenses (72,431) (61,855) (59,795)
Depreciation and amortization (96,758) (84,340) (78,698)
Reversal of impairment charges/(impairment charges) (8,540) (84,700) 0
Profit/(loss) on sale of vessel (3,540) 138 (807)
General and administrative expense (17,180) (19,391) (21,607)
Total operating expenses (311,749) (315,496) (229,771)
Operating income 43,303 40,514 135,343
Share of profit from associated companies 802 649 467
Interest income 140 66 141
Interest expense (40,109) (35,070) (33,637)
Fair value gain on derivative financial liabilities 2,154 3,235 3,603
Other financial income/(expense) 443 (40) (487)
Profit before tax 6,733 9,354 105,430
Income tax expense (131) (95) (128)
Profit for the year 6,602 9,260 105,302
Attributable to the owners of parent $ 6,602 $ 9,260 $ 105,302
Basic net income per share $ 0.05 $ 0.10 $ 1.13
Diluted net income per share $ 0.05 $ 0.10 $ 1.04
Weighted average number of shares (basic) 124,536,338 93,382,757 92,793,154
Weighted average number of shares (diluted) 124,536,338 93,389,610 112,098,221