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Consolidated Income Statement - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Consolidated Income Statement [Abstract]      
Shipping revenues $ 450,381 $ 295,853 $ 691,039
Other revenues [1] 3,764 0 0
Total revenues 454,146 295,853 691,039
Gain on sale of vessels 19,513 15,153 0
Other income 0 4,612 0
Operating expenses      
Voyage expenses (185,502) (92,405) (140,564)
Vessel operating expenses (73,809) (77,807) (82,188)
Depreciation and amortization (123,255) (128,639) (124,245)
Impairment charges 0 0 (12,560)
General and administrative expense (16,889) (16,565) (17,890)
Total operating expenses (399,455) (315,416) (377,447)
Operating income/(loss) 74,204 202 313,591
Share of profit from associated companies 1,327 1,278 1,193
Interest income 1,076 6 212
Interest expense (26,197) (25,727) (38,408)
Fair value gain/(loss) on derivative financial liabilities 14,983 12,450 (8,074)
Other financial (expense)/income (2,826) 645 (1,334)
Profit/(loss) before tax 62,567 (11,147) 267,181
Income tax expense (587) (360) (900)
Profit/(loss) for the year 61,979 (11,507) 266,281
Attributable to the owners of non-controlling interest 459 14 14
Attributable to the owners of parent $ 61,520 $ (11,521) $ 266,266
Basic earnings/(loss) per share (in dollars per share) $ 0.37 $ (0.07) $ 1.71
Diluted earnings/(loss) per share (in dollars per share) $ 0.37 $ (0.07) $ 1.61
Weighted average number of shares (basic) (in shares) 164,692,954 169,089,325 155,712,886
Weighted average number of shares (diluted) (in shares) 164,850,091 169,089,325 170,053,975
[1] Other revenues mainly relate to technical management services provided