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Significant accounting principles (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Significant accounting principles (Tables) [Abstract]  
Condensed consolidated statement of financial position
Condensed consolidated statement of financial position
(Dollars in thousands)
  
Balance at
December 31,
2017
    
Adjustments
due to IFRS 15
    
Balance at
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
    
Stockholders' equity
                          
Accumulated deficit
    
(222,087
)
    
(4,734
)
    
(226,821
)
  
                           
The impact of the adoption of IFRS 15 Revenue from Contracts with Customers on our consolidated statement of financial position as of December 31, 2018, consolidated income statement and consolidated statement of cash flow were as follows: 
         
Condensed consolidated statement of financial position
                         
    Balance as of December 31, 2018    
      As reported       
Adjustments
due to IFRS 15 
      
Balance without
adoption of
IFRS 15 
    
Assets
                          
Accounts receivable and accrued revenues
    
60,196
      
8,271
      
68,467
    
Capitalized voyage expenses
    
1,633
      
(1,633
)
    
0
    
Liabilities
                          
Accounts payable and accrued expenses
    
28,634
      
602
      
29,236
    
Stockholders' equity
                          
Accumulated deficit
    
(285,383
)
    
6,036
      
(279,347
)
  
Condensed consolidated income statement 2018
Condensed consolidated income statement 2018

(Dollars in thousands)
  
As reported
    
Adjustments
 due to IFRS 15
    
Without adoption of
IFRS 15
  
Shipping revenues
    
375,941
      
834
      
376,776
  
Voyage expenses
    
(161,891
)
    
468
      
(161,423
)
Profit/(loss) for the year
    
(46,927
)
    
1,302
      
(45,625
)
Condensed consolidated statement of cash flow 2018
Condensed consolidated statement of cash flow 2018

(Dollars in thousands)
  
As reported
    
Adjustments
due to IFRS 15
    
Without adoption of
IFRS 15
  
Profit/(loss) for the year
    
(46,927
)
    
1,302
      
(45,625
)
Accounts receivable and accrued revenues
    
(25,421
)
    
(834
)
    
(26,255
)
Capitalized voyage expenses
    
255
      
(255
)
    
(0
)
Accounts payable and accrued expenses
    
8,234
      
(213
)
    
8,021
  
Net cash provided by operating activities
    
53,985
      
(0
)
    
53,985