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CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 86,556 $ 77,292
Accounts receivable and accrued revenues 40,998 42,212
Capitalized voyage expenses 1,414 0
Prepaid expenses 7,838 3,197
Derivative financial instruments 132 0
Bunkers, lube oils and consumables 29,251 23,675
Asset held for sale 0 20,762
Total current assets 166,189 167,137
Non-current assets    
Vessels and time charter contracts 1,619,630 1,444,146
Advances for vessels under construction 26,799 114,759
Other property, plant and equipment 376 464
Investment in associated company 4,570 3,992
Derivative financial instruments 516 0
Total non-current assets 1,651,891 1,563,360
TOTAL ASSETS 1,818,081 1,730,497
Current LIABILITIES    
Accounts payable and accrued expenses 25,039 17,427
Derivative financial liabilities 33 545
Current portion long-term debt 68,134 65,053
Deferred shipping revenues 2 0
Total current liabilities 93,209 83,026
Non-current liabilities    
Long-term debt 866,941 721,151
Derivative financial liabilities 129 0
Other non-current liabilities 414 428
Total non-current liabilities 867,484 721,579
TOTAL LIABILITIES 960,694 804,605
Stockholders' Equity    
Stock 1,436 1,424
Additional paid-in capital 1,148,761 1,140,794
Accumulated deficit (294,346) (222,087)
Translation differences 22 85
Other reserves 1,514 5,676
Total stockholders' equity 857,387 925,892
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,818,081 $ 1,730,497