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General accounting principles (Tables)
 9 Months Ended
Sep. 30, 2018
General accounting principles (Tables) [Abstract]  
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

 
Balance at
Adjustments
Balance at
$ in thousands
December 31, 2017
due to IFRS 15
January 1, 2018
ASSETS
 
 
 
Accounts receivable and accrued revenues
42,212
 (7,437)
34,775
Capitalized voyage expenses
-
1,888
1,888
LIABILITIES
 
 
 
Accounts payable and accrued expenses
17,427
 (815)
16,613
EQUITY
 
 
 
Accumulated deficit
 (222,087)
 (4,734)
 (226,821)


CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 
   
 
Balance at September 30, 2018
 
  
Adjustments
Balance without
$ in thousands
As reported
due to IFRS 15
adoption of IFRS 15
ASSETS
 
 
 
Accounts receivable and accrued revenues
40,998
5,456
46,453
Capitalized voyage expenses
1,414
(1,414)
(0)
LIABILITIES
 
 
 
Accounts payable and accrued expenses
25,039
615
25,655
EQUITY
 
 
 
Accumulated deficit
(294,346)
3,426
(290,920)
CONDENSED CONSOLIDATED INCOME STATEMENT
CONDENSED CONSOLIDATED INCOME STATEMENT   
     
   3Q 2018  9 months 2018
 
Jul. 1 - Sept. 30 2018
Jan. 1 - Sept. 30 2018
   
Adjustments
Balance
without
  
Adjustments
Balance
without
$ in thousands
As reported
due to IFRS
15
adoption of
IFRS 15
As reported
due to IFRS
15
adoption of IFRS 15
Shipping revenues
90,177
(2,407)
87,770
237,322
(1,981)
235,341
Voyage expenses
(41,983)
1,140
(40,843)
(108,502)
673
(107,829)
Net income/(loss) after tax
(21,475)
(1,267)
(22,742)
(58,910)
(1,308)
(60,218)
CONDENSED CONSOLIDATED INCOME STATEMENT OF CASH FLOW
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW   
   
   3Q 2018  9 months 2018
 
Jul. 1 - Sept. 30 2018
Jan. 1 - Sept. 30, 2018
 
 
  
Balance without
 
Adjustments
Balance without
$ in thousands
As reported
Adjustments
due to IFRS 15
adoption of
 IFRS 15
As reported
due to IFRS
15
adoption of
IFRS 15
Net income / (loss)
(21,475)
(1,267)
(22,742)
(58,910)
(1,308)
(60,218)
Accounts receivable and accrued revenues
(11,622)
2,407
(9,215)
(6,223)
1,981
(4,242)
Capitalized voyage expenses
1,157
(1,157)
(0)
474
(474)
0
Accounts payable and accrued expenses
(1,407)
17
(1,391)
8,052
(199)
7,853
Net cash provided by/(used in) operating activities
(4,367)
-
(4,367)
25,666
-
25,666