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CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 64,481 $ 68,641
Accounts receivable and accrued revenues 17,348 30,060
Capitalized voyage expenses 911 1,039
Prepaid expenses 6,437 6,685
Bunkers, lube oils and consumables 29,421 11,854
Total current assets 118,599 118,279
Non-current assets    
Vessels and time charter contracts 1,478,675 1,476,436
Advances for vessels and vessel upgrades 10,318 17,269
Other property, plant and equipment 4,019 4,772
Investment in associate company 6,114 5,233
Total non-current assets 1,499,125 1,503,710
TOTAL ASSETS 1,617,724 1,621,989
Current liabilities    
Accounts payable and accrued expenses 13,307 18,503
Derivative financial liabilities 8,439 9,073
Current portion long-term debt 9,784 3,396
Other current liabilities 699 721
Deferred shipping revenues 4,046 16,236
Total current liabilities 36,276 47,929
Non-current liabilities    
Long-term debt 515,015 446,562
Derivative financial liabilities 7,240 14,601
Other non-current liabilities 3,353 3,957
Total non-current liabilities 525,608 465,120
TOTAL LIABILITIES 561,884 513,049
Equity    
Common stock at par value 1,667 1,708
Additional paid-in capital 1,266,965 1,291,505
Accumulated deficit (216,079) (188,709)
Translation differences 73 169
Other reserves 3,185 4,248
Total equity attributable to the Company 1,055,811 1,108,921
Non-controlling interest 29 19
Total equity 1,055,840 1,108,940
TOTAL LIABILITIES AND EQUITY $ 1,617,724 $ 1,621,989