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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
Voyage Revenues $ 297,141 $ 357,451 $ 445,738
Voyage Expenses (142,465) (125,987) (158,656)
Vessel Operating Expenses (87,663) (80,266) (66,589)
Impairment Loss on Vessels (110,480) 0 0
Impairment Loss on Goodwill (18,979) 0 0
General and Administrative Expenses (12,575) (12,296) (9,790)
Depreciation Expense (100,669) (90,889) (82,610)
Received Settlement 0 5,328 0
Net Operating (Loss) Income (175,690) 53,341 128,093
Interest Income 347 215 114
Interest Expense (20,464) (11,170) (10,855)
Other Financial Expense (644) (98) (167)
Total Other Expenses (20,761) (11,053) (10,908)
Net (Loss) Income Before Income Taxes and Equity (Loss) (196,451) 42,288 117,185
Income Tax Expense (83) (102) (96)
Equity (Loss) from Associate (8,435) (46,642) (2,462)
Net Income (Loss) $ (204,969) $ (4,456) $ 114,627
Basic and Diluted (Loss) Earnings per Share (in dollars per share) $ (1.97) $ (0.05) $ 1.29
Basic and Diluted Average Number of Common Shares Outstanding (in shares) 103,832,680 92,531,001 89,182,001
Cash Dividends per Share (in dollars per share) $ 0.53 $ 1.37 $ 1.38