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Consolidated Income Statement - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Consolidated Income Statement [Abstract]      
Shipping revenues $ 691,039 $ 535,068 $ 375,941
Operating expenses      
Voyage expenses (140,564) (187,500) (161,891)
Vessel operating expenses (82,188) (78,327) (75,800)
Depreciation and amortization (124,245) (115,584) (103,476)
Impairment charges (12,560) 0 (3,500)
Profit/(loss), sale of vessel 0 0 75
General and administrative expense (17,890) (14,789) (15,052)
Total operating expenses (377,447) (396,201) (359,644)
Operating income 313,591 138,867 16,297
Share of profit from associated companies 1,193 852 858
Interest income 212 1,077 345
Interest expense (38,408) (55,332) (54,211)
Fair value gain/(loss) on derivative financial liabilities (8,074) (9,863) (5,191)
Other financial (expense)/income (1,334) (1,790) (4,943)
Profit/(loss) before tax 267,181 73,812 (46,845)
Income tax expense (900) (131) (83)
Profit/(loss) for the year 266,281 73,680 (46,927)
Attributable to the owners of non-controlling interest 14 2 0
Attributable to the owners of parent $ 266,266 $ 73,679 $ (46,927)
Basic net income/(loss) per share (in dollars per share) $ 1.71 $ 0.51 $ (0.33)
Diluted net income/(loss) per share (in dollars per share) $ 1.61 $ 0.51 $ (0.33)
Weighted average number of shares (basic) (in shares) 155,712,886 143,437,164 143,429,610
Weighted average number of shares (diluted) (in shares) 170,053,975 168,159,876 143,434,921