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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net (loss)/income $ (30,411) $ 65,934
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:    
Depreciation 121,775 114,999
Vessel impairment charge 34,093 0
Amortization of deferred charges 4,206 3,558
Amortization of charter related deferred asset and straight-lining of operating leases (497) (964)
Equity in earnings of associated companies (1,146) (1,475)
(Gain)/loss on sale of vessels (4,242) 17
Adjustment to fair value of derivatives recognized in the statement of operations 4,183 (1,555)
Loss on investments in equity securities 1,326 207
Loss on repurchase of bonds 144 388
Repayments from investment in sales-type assets 4,021 4,661
Other, net 5,028 860
Net changes in operating assets and liabilities 10,264 800
Net cash provided by operating activities 148,744 187,430
Investing activities    
Purchase of vessels, capital improvements and newbuildings (48,091) (212,183)
Proceeds from sale of vessels 46,127 11,983
Other investments and long term assets, net 0 4,262
Net cash used in investing activities (1,964) (195,938)
Financing activities    
Repayment of finance lease liabilities 0 (27,788)
Proceeds from debt 244,042 354,402
Repayment of debt (267,439) (145,726)
Repurchases and redemption of bonds (11,144) (64,997)
Debt fees paid (2,679) (3,001)
Net cash flows on swaps (6,265) (16,534)
Cash paid for shares repurchased (10,025) 0
Cash dividends paid (72,001) (67,278)
Net cash provided by/(used in) financing activities (125,511) 29,078
Net change in cash and cash equivalents 21,269 20,570
Cash and cash equivalents at start of the period 134,551 165,492
Cash and cash equivalents at end of the period $ 155,820 $ 186,062