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CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 115,352 $ 94,944
Accounts receivable and accrued revenues 54,976 60,196
Capitalized voyage expenses 2,493 1,633
Prepaid expenses 3,376 4,338
Bunkers, lube oils and consumables 27,597 32,212
Total current assets 203,794 193,323
Non-current assets    
Vessels and time charter contracts 1,611,115 1,665,810
Advances for vessel upgrades 5,648 0
Other property, plant and equipment 2,988 335
Investment in associated company 4,930 4,388
Total non-current assets 1,624,680 1,670,533
TOTAL ASSETS 1,828,473 1,863,856
Current liabilities    
Accounts payable and accrued expenses 23,898 28,634
Derivative financial liabilities 4,810 1,250
Current portion long-term debt 99,843 93,815
Other current liabilities 565 0
Total current liabilities 129,115 123,699
Non-current liabilities    
Long-term debt 846,008 873,460
Derivative financial liabilities 13,779 4,486
Other non-current liabilities 2,842 542
Total non-current liabilities 862,630 878,489
TOTAL LIABILITIES 991,745 1,002,188
Equity    
Stock 1,424 1,427
Additional paid-in capital 1,143,100 1,145,107
Treasury shares 0 (1,364)
Accumulated deficit (308,905) (285,383)
Translation differences (13) 32
Other reserves 1,123 1,848
Non-controlling interest 0 0
Total equity 836,728 861,668
TOTAL LIABILITIES AND EQUITY $ 1,828,473 $ 1,863,856