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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2019
Discontinued Operations

 

Major items constituting net (loss) / income from discontinued operations

 

 

For the years ended December 31,

2019*

2018

2017

Revenues                                                                                                                      

$ 46,172

$ 161,659

$ 132,443

Expenses

 

 

 

Voyage expenses

12,655

37,202

10,498

Vessel operating expenses

15,506

68,406

54,281

General and administrative expenses

2,564

—

—

Vessel depreciation and amortization

9,630

40,276

38,014

Impairment of vessels

149,578

—

—

Interest expense and finance cost

3,174

8,433

6,642

Other (income) / expenses

(59)

(165)

320

Net (loss) / income from discontinued operations                               

$ (146,876)

$ 7,507

$ 22,688

 

 

*represents activity for the period from January 1, 2019 to the date of the completion of the DSS Transaction on March 27, 2019.

 

 

Carrying amounts of major classes of assets included as part of discontinued operations

 

As of December 31, 2018

Cash

$

10,000

Inventories

 

7,183

Prepayments and other assets

 

6,515

Total major classes of current assets of discontinued operations

 

23,698

Vessels

 

643,682

Deferred charges, net

 

2,220

Above market acquired charters

 

7,531

Prepayments and other assets

 

1,035

Total major classes of non-current assets of discontinued operations

 

654,468

Total major classes of assets of discontinued operations

$

678,166

Carrying amounts of major classes of liabilities included as part of discontinued operations

 

 

Current portion of long-term debt, net

$

14,869

Deferred revenue

 

1,611

Trade accounts payables and accrued liabilities

 

5,055

Total major classes of current liabilities of discontinued operations

 

21,535

Long-term debt, net

 

134,744

Total major classes of long term liabilities of discontinued operations

 

134,744

Total major classes of liabilities of the discontinued operations

$

156,279