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CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Profit or loss        
Shipping revenues $ 104,740 $ 90,177 $ 343,233 $ 237,322
Operating expenses        
Voyage expenses (45,847) (41,983) (137,360) (108,502)
Vessel operating expenses (19,385) (19,600) (56,453) (54,581)
Depreciation and amortization (29,656) (26,682) (84,922) (75,226)
Impairment charges 0 (3,500) 0 (3,500)
Profit/loss, sale of vessel 0 0 0 (46)
General and administrative expense (3,520) (3,445) (11,266) (12,383)
Total operating expenses (98,408) (95,210) (290,000) (254,238)
Operating income/(loss) 6,331 (5,033) 53,233 (16,917)
Share of profit from associated companies 158 189 585 641
Interest income 113 73 720 224
Interest expense (13,807) (13,300) (42,315) (39,427)
Fair value gain/loss on derivative financial instruments (1,510) 486 (12,853) 1,031
Other financial income/(expenses) (661) (3,850) (1,440) (4,365)
Profit/(loss) before tax (9,376) (21,435) (2,070) (58,812)
Income tax expense (15) (40) (111) (98)
Net income/(loss) after tax (9,391) (21,475) (2,181) (58,910)
Loss/(income) attributible to non-controlling interest 4 0 4  
Net income/(loss) after tax attributable to owners of parent $ (9,387) $ (21,475) $ (2,178) $ (58,910)
Basic net income/(loss) per share $ (0.07) $ (0.15) $ (0.02) $ (0.41)
Diluted net income/(loss) per share $ (0.07) $ (0.15) $ (0.02) $ (0.41)
Weighted average number of shares (basic) 142,418,941 143,592,543 142,347,867 143,405,930
Weighted average number of shares (diluted) 142,554,889 143,602,884 142,435,420 143,408,748