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CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) [Abstract]        
Shipping revenues $ 108,227 $ 59,095 $ 283,860 $ 212,018
Other revenues 1,711 0 2,392 0
Total revenues 109,938 59,095 286,251 212,018
Operating expenses        
Voyage expenses (52,882) (21,443) (135,721) (57,838)
Vessel operating expenses (17,578) (19,240) (53,873) (57,880)
Depreciation and amortization (30,198) (31,734) (95,563) (95,889)
Gain /(loss), sale of vessels 6,829 1,556 19,513 15,153
General and administrative expenses (3,867) (4,420) (14,125) (14,645)
Total operating expenses (97,696) (75,281) (279,769) (211,099)
Operating (loss)/ income 12,242 (16,186) 6,482 919
Share of profit from associated companies 0 293 1,327 983
Interest income 80 4 191 5
Interest expense (6,938) (6,348) (19,735) (19,430)
Fair value gain/(loss) on derivative financial liabilities 2,788 2,316 14,927 7,994
Other financial (expense)/income (469) (1,015) (2,555) 1,146
Profit/(loss) before tax 7,703 (20,935) 637 (8,382)
Income tax expense (246) (97) (477) (230)
Profit/(loss) after tax 7,457 (21,032) 161 (8,612)
Attributable to owners of non-controlling interest 425 3 665 9
Attributable to the owners of parent $ 7,031 $ (21,035) $ (505) $ (8,621)
Basic earnings/(loss) per share (in dollars per share) $ 0.04 $ (0.13) $ 0 $ (0.05)
Diluted earnings/(loss) per share (in dollars per share) $ 0.04 $ (0.13) $ 0 $ (0.05)
Weighted average number of shares (basic) (in shares) 162,867,756 167,610,608 165,380,297 169,929,434
Weighted average number of shares (diluted) (in shares) 163,058,844 167,610,608 165,380,297 169,929,434