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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions

The Effect of Derivative Instruments for the six-month periods ended June 30, 2014 and 2015

 

Derivatives in ASC 815 Cash Flow Hedging Relationships
   

Amount of Gain / (Loss) Recognized in Accumulated OCI on

Derivative

(Effective Portion)

Location of Gain / (Loss)

Recognized in Income on

  

Amount of Gain / (Loss)

Recognized in Income on Derivative

(Ineffective Portion)

      2014       2015   Derivative (Ineffective Portion)   2014   2015
Interest rate swaps     (8,862)       (15,574)   Gain on derivative instruments, net   (121)   (60)
Reclassification to Interest and finance costs     21,596       17,777        -   -
Total     12,734       2,203       (121)   (60)
Schedule of Derivatives Not Designated as Hedging Instruments under ASC 815

Derivatives Not Designated as Hedging Instruments

and ineffectiveness of Hedging Instruments under ASC 815

 

Location of Gain / (Loss)

Recognized in Income on Derivative

    

Amount of Gain / (Loss)

Recognized in Income on Derivative

        2014   2015
Non hedging interest rate swaps Gain on derivative instruments, net     2,022   11,464
Ineffective portion of hedging interest rate swaps Gain on derivative instruments, net     (121)   (60)
Forward contracts Gain on derivative instruments, net     -   519
Total       1,901   11,923