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Consolidated Income Statement - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Consolidated Income Statement [abstract] |  |  |
Shipping revenues | $ 535,068 | $ 375,941 | $ 355,052
Operating expenses |  |  |
Voyage expenses | (187,500) | (161,891) | (113,301)
Vessel operating expenses | (78,327) | (75,800) | (72,431)
Depreciation and amortization | (115,584) | (103,476) | (96,758)
Impairment charge | 0 | (3,500) | (8,540)
Profit/(loss), sale of vessel | 0 | 75 | (3,540)
General and administrative expense | (14,789) | (15,052) | (17,180)
Total operating expenses | (396,201) | (359,644) | (311,749)
Operating income | 138,867 | 16,297 | 43,303
Share of profit from associated companies | 852 | 858 | 802
Interest income | 1,077 | 345 | 140
Interest expense | (55,332) | (54,211) | (40,109)
Fair value gain/(loss) on derivative financial liabilities | (9,863) | (5,191) | 2,154
Other financial (expense)/income | (1,790) | (4,943) | 443
Profit/(loss) before tax | 73,812 | (46,845) | 6,733
Income tax expense | (131) | (83) | (131)
Profit/(loss) for the year | 73,680 | (46,927) | 6,602
Attributable to the owners of non-controlling interest | 2 | 0 | 0
Attributable to the owners of parent | $ 73,679 | $ (46,927) | $ 6,602
Basic net income/(loss) per share (in dollars per share) | $ 0.51 | $ (0.33) | $ 0.05
Diluted net income/(loss) per share (in dollars per share) | $ 0.51 | $ (0.33) | $ 0.05
Weighted average number of shares (basic) (in shares) | 143,437,164 | 143,429,610 | 124,536,338
Weighted average number of shares (diluted) (in shares) | 168,159,876 | 143,434,921 | 124,536,338

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