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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income / (loss) $ 99,481 $ (21,189) $ 87,120
Adjustments to reconcile net income / (loss) to net cash provided by operating activities:      
Vessel depreciation and amortization (Note 5) 52,208 48,235 37,214
Vessels' impairment (Notes 3, 5) 0 43,178 0
Gain from bargain purchase (Note 3) (42,256) 0 (82,453)
Amortization of deferred charges 405 480 809
Amortization of above market acquired charters (Note 6) 13,594 7,904 5,489
Equity compensation expense (Note 14) 3,528 3,826 2,455
Gain on interest rate swap agreements (Note 8) (4) (1,448) (2,310)
Loss / (gain) on sale of vessels to third parties (Note 5) 7,073 (1,296) 0
Accrual on gain on sale of claim (Note 16) 644 0 0
Changes in operating assets and liabilities:      
Trade accounts receivable (1,171) 221 7,211
Due from related parties (667) 0 2
Prepayments and other assets (117) 237 (589)
Inventories (407) 1,677 5,576
Trade accounts payable 2,066 (5,594) (4,600)
Due to related parties (3,761) 7,009 (4,507)
Accrued liabilities 1,573 480 (247)
Deferred revenue (1,852) 1,078 5,369
Drydocking costs (761) 0 0
Net cash provided by operating activities 129,576 84,798 56,539
Cash flows from investing activities:      
Vessel acquisitions and improvements (Notes 3, 5) (363,038) (1,614) (27,003)
Increase in restricted cash (4,500) (3,750) (1,500)
Proceeds from sale of vessels (Notes 3, 5) 32,192 21,299 0
Cash and cash equivalents acquired in business acquisition 0 0 11,847
Net cash (used in) / provided by investing activities (335,346) 15,935 (16,656)
Cash flows from financing activities:      
Proceeds from issuance of Partnership units (Notes 3, 13) 195,771 140,000 1,470
Expenses paid for issuance of Partnership units (3,410) (1,673) 0
Proceeds from issuance of long-term debt (Note 7) 129,000 0 159,580
Payments of long-term debt (Note 7) (4,050) (175,215) (134,580)
Loan issuance costs (2,879) (348) (338)
Dividends paid (88,241) (73,316) (45,116)
Net cash provided by / (used in) financing activities 226,191 (110,552) (18,984)
Net increase / (decrease) in cash and cash equivalents 20,421 (9,819) 20,899
Cash and cash equivalents at beginning of period 43,551 53,370 32,471
Cash and cash equivalents at end of period 63,972 43,551 53,370
Supplemental Cash Flow Information      
Cash paid for interest 14,845 25,864 32,210
Non-Cash Investing and Financing Activities      
Capital expenditures included in liabilities 103 134 252
Offering expenses included in liabilities (7) 1,908 0
Capitalised dry docking and deferred costs included in liabilities 628 0 0
Fair value of vessels purchased, M/V Archimidis and M/V Agamemnon (Notes 3, 5) 0 133,000 0
Fair value of vessels sold, M/T Alexander the Great and M/T Achilleas, reduced by the net cash consideration received (Notes 3, 5) 0 (137,500) 0
Acquisition of above market time charter (Notes 3, 6) 97,256 4,500 48,551
Units issued to acquire M/V Cape Agamemnon (Note 3) 0 0 57,055
Crude's net assets at the completion of the business acquisition (Note 12) 0 0 211,144
Units issued to acquire Crude (Note 3) 0 0 155,559
Fair value of Crude's Equity Incentive Plan attributable to pre combination services (Note 3) $ 0 $ 0 $ 1,505