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CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Consolidated Income Statement [Abstract]        
Shipping revenues $ 141,125 $ 130,322 $ 437,067 $ 413,783
Other revenues [1] 982 1,243 3,315 3,397
Total revenues 142,107 131,565 440,382 417,180
Operating expenses        
Voyage expenses (48,484) (41,235) (134,390) (117,896)
Vessel operating expenses (19,048) (18,608) (58,614) (56,711)
Depreciation and amortization (28,135) (28,326) (84,264) (80,427)
General and administrative expenses (4,169) (4,303) (13,354) (13,455)
Total operating expenses (99,837) (92,472) (290,621) (268,490)
Operating (loss)/ income 42,270 39,093 149,760 148,691
Interest income 1,035 1,213 3,061 3,577
Interest expense (7,318) (8,789) (24,015) (23,868)
Fair value gain/(loss) on derivative financial liabilities 0 0 0 (504)
Other financial (expense)/income (719) (413) (1,643) (1,385)
Profit/(loss) before tax 35,268 31,104 127,163 126,512
Income tax expense (79) (137) (414) (422)
Profit/(loss) after tax 35,189 30,967 126,749 126,089
Attributable to owners of non-controlling interest (17) 208 308 97
Attributable to the owners of parent $ 35,206 $ 30,759 $ 126,442 $ 125,993
Basic earnings/(loss) per share (in dollars per share) $ 0.22 $ 0.19 $ 0.78 $ 0.77
Diluted earnings/(loss) per share (in dollars per share) $ 0.22 $ 0.19 $ 0.78 $ 0.77
Weighted average number of shares (basic) (in shares) 161,464,487 161,735,939 161,382,024 162,575,803
Weighted average number of shares (diluted) (in shares) 161,553,185 161,902,025 161,479,762 162,743,441
[1] Other revenues mainly relate to technical management services provided.