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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended 12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Operating activities      
Net income $ 63,092 $ 57,442 $ 89,206
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 31,661 28,337 58,436
Amortization of deferred charges 5,424 5,303 11,305
Amortization of seller's credit (957) (996) (1,983)
Equity in earnings of associated companies (14,019) (15,530) (28,200)
Gain on sale of assets and termination of charters (15,197) (18,025) (18,025)
Adjustment of derivatives to fair value recognized in net income 2,705 (4,658) (7,950)
Gain/(loss) on purchase of bonds 21 1,109 1,218
Interest receivable in form of notes (1,532) (1,326) (2,767)
Other, net (1,960) (1,626) (1,396)
Changes in operating assets and liabilities      
Trade accounts receivable 2,241 (4,296) (4,313)
Due from related parties (4,650) 53,537 49,189
Other receivables (5,444) (1,738) (740)
Inventories 1,051 (312) (3,656)
Prepaid expenses and accrued income 355 (436) (3,236)
Trade accounts payable (2,442) (1,161) 2,047
Accrued expenses (791) (154) 271
Other current liabilities (2,481) 752 718
Net cash provided by operating activities 57,077 96,222 140,124
Investing activities      
Repayments from investments in direct financing and sales-type leases (21,921) (26,387) (51,220)
Additions to newbuildings (84,239) (64,019) (109,337)
Purchase of vessels (122,870) 0 0
Proceeds from sale of vessels and termination of charters (90,746) (40,366) (83,583)
Proceeds from sale of investment in associated company (44,402) 126,097 81,308
Proceeds/(costs) of other long-term investments 50,000 0 0
Purchase of available for sale securities 16,064 (9,668) (18,140)
Net cash (used in)/provided by investing activities 16,024 (133,031) (73,982)
Financing activities      
Shares issued, net of issuance costs 463 128,880 128,880
Payments in lieu of issuing shares for exercised share options (1,196) (448) (448)
Repurchase of bonds (75,262) (248,109) (254,132)
Proceeds from issuance of short-term and long-term debt 397,332 514,747 705,347
Repayments of short-term and long-term debt (325,783) (333,066) (530,186)
Debt fees paid (2,254) (8,343) (8,390)
Cash dividends paid (75,562) (36,371) (109,114)
Net cash used in financing activities (82,262) 17,290 (68,043)
Net (decrease)/increase in cash and cash equivalents (9,161) (19,519) (1,901)
Cash and cash equivalents at start of the year 58,641 60,542 60,542
Cash and cash equivalents at end of the year 49,480 41,023 58,641
Supplemental disclosure of cash flow information:      
Interest paid, net of capitalized interest $ 39,952 $ 39,926 $ 77,630