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Consolidated Income Statement - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Profit or loss      
Shipping revenues $ 375,941 $ 355,052 $ 356,010
Operating expenses      
Voyage expenses (161,891) (113,301) (65,349)
Vessel operating expenses (75,800) (72,431) (61,855)
Depreciation and amortization (103,476) (96,758) (84,340)
Impairment charges (3,500) (8,540) (84,700)
Profit/(loss), sale of vessel 75 (3,540) 138
General and administrative expense (15,052) (17,180) (19,391)
Total operating expenses (359,644) (311,749) (315,496)
Operating income/(loss) 16,297 43,303 40,514
Share of profit in associated companies 858 802 649
Interest income 345 140 66
Interest expense (54,211) (40,109) (35,070)
Fair value gain/(loss) on derivative financial liabilities (5,191) 2,154 3,235
Other financial (expense)/income (4,943) 443 (40)
Profit/(loss) before tax (46,845) 6,733 9,354
Income tax expense (83) (131) (95)
Profit/(loss) for the year (46,927) 6,602 9,260
Attributable to the owners of parent $ (46,927) $ 6,602 $ 9,260
Basic net income/(loss) per share $ (0.33) $ 0.05 $ 0.10
Diluted net income/(loss) per share $ (0.33) $ 0.05 $ 0.10
Weighted average number of shares (basic) 143,429,610 124,536,338 93,382,757
Weighted average number of shares (diluted) 143,434,921 124,536,338 93,389,610