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v3.19.1

Long - Term Debt - 9.875% First Priority Secured Notes due 2022 (Details) $ in Thousands |  | 11 Months Ended | 12 Months Ended
--- | --- | --- | ---
Oct. 31, 2017 USD ($) | Nov. 15, 2018 Vessel | Dec. 31, 2018 USD ($) Vessel | Dec. 31, 2017 USD ($) | Dec. 31, 2016 USD ($)
Debt Instrument [Line Items] |  |  |  |  |
Proceeds from debt issuance, net of costs |  |  | $ 0 | $ 356,400 | $ 0
Number of vessels owned | Vessel |  | 19 | 38 |  |
Repayment of long term debt, first year |  |  | $ 64,088 |  |
Repayment of long term debt, second year |  |  | 330,033 |  |
Repayment of long term debt, third year |  |  | 48,176 |  |
Repayment of long term debt, thereafter |  |  | 408,379 |  |
9.875 % First Priority Secured Notes Due 2022 [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Issuance of secured notes |  |  | $ 360,000 |  |
Issuance date of debt instrument |  |  | Oct. 31, 2017 |  |
Debt instrument, interest rate |  |  | 9.875% |  |
Debt instrument, maturity date |  |  | Nov. 15, 2022 |  |
Proceeds from debt issuance, net of costs | $ 356,400 |  |  |  |
Number of vessels secured to notes | Vessel |  |  | 18 |  |
Number of vessels owned | Vessel |  |  | 18 |  |
Interest on notes |  |  | Interest on the 2022 Notes is payable semi - annually on May 15 and November 15 of each year |  |
Date of first required payment |  |  | May 15, 2018 |  |
Debt Instrument, Repurchased Face Amount |  |  | $ 20,000 |  |
Debt Instrument, Repurchase Price Percentage |  |  | 102.00% |  |
Minimum cash balance requirement |  |  | $ 20,000 |  |
Debt Instrument, Restrictive Covenants |  |  | On December 20, 2018, the Company entered into a first supplemental indenture for the 2022 Notes according to which the date beginning on which the Company is permitted to pay dividends to common shareholders in an aggregate amount per year equal to 50% of the consolidated net profit after taxes of the Company for the preceding financial year, was brought forward from January 1, 2021 to January 1, 2020. |  |
Outstanding balance |  |  | $ 337,341 |  |
9.875 % First Priority Secured Notes Due 2022 [Member] | Citi Credit Facility [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Repayment of long term debt, first year |  |  | 40,000 |  |
Repayment of long term debt, second year |  |  | 40,000 |  |
Repayment of long term debt, third year |  |  | 40,000 |  |
Repayment of long term debt, thereafter |  |  | $ 35,000 |  |
9.875 % First Priority Secured Notes Due 2022 [Member] | Second Anniversary [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Debt Instrument, Redemption Price, Percentage |  |  | 102.00% |  |
Debt Instrument Redemption Amount |  |  | $ 20,000 |  |
9.875 % First Priority Secured Notes Due 2022 [Member] | Third Anniversary [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Debt Instrument, Redemption Price, Percentage |  |  | 102.00% |  |
Debt Instrument Redemption Amount |  |  | $ 40,000 |  |
9.875 % First Priority Secured Notes Due 2022 [Member] | Fourth Anniversary [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Debt Instrument, Redemption Price, Percentage |  |  | 102.00% |  |
Debt Instrument Redemption Amount |  |  | $ 35,000 |  |

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