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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities      
Net (Loss) Income $ (204,969) $ (4,456) $ 114,627
Reconciliation of Net Loss to Net Cash Provided by Operating Activities      
Depreciation Expense 100,669 90,889 82,610
Impairment Loss on Vessels 110,480 0 0
Impairment Loss on Goodwill 18,979 0 0
Equity Loss from Associate 8,435 46,642 2,462
Drydock Expenditure (18,776) (15,382) (11,450)
Amortization of Deferred Finance Costs 1,393 1,382 1,240
Deferred Compensation Liability 1,303 1,369 324
Share-based Compensation 522 430 388
Other, net (163) 33 (61)
Changes in Operating Assets and Liabilities      
Accounts Receivables (4,258) 10,084 (11,832)
Accounts Receivables, Related Party (145) 12 77
Inventory (2,200) (6,043) 7,380
Prepaid Expenses and Other Current Assets (904) 415 262
Accounts Payable and Accrued Liabilities 1,072 668 (3,869)
Voyages in Progress 20,303 1,743 (7,767)
Net Cash Provided by Operating Activities 31,741 127,786 174,391
Cash Flows from Investing Activities      
Investment in Vessels (37,567) (138,277) (123,373)
Investment in Other Fixed Assets 0 (87) (103)
Sale of Other Fixed Assets 0 0 334
Deposits for Vessels under Construction 0 (50,130) (64,000)
Investment in Nordic American Offshore (10,000) 0 (9,508)
Dividends received from Associate 1,041 1,685 4,227
Net Cash Used in Investing Activities (46,526) (186,809) (192,423)
Cash Flows from Financing Activities      
Proceeds from Issuance of Common Stock 103,748 120,068 0
Proceeds from Use of Credit Facility 0 117,000 80,000
Repayments on Credit Facility (55,359) 0 0
Transaction Costs Borrowing Facilities (13,125) (130) (4,640)
Dividends Distributed (54,226) (125,650) (123,071)
Net Cash (Used In)/Provided by Financing Activities (18,962) 111,288 (47,711)
Net (Decrease) Increase in Cash and Cash Equivalents (33,747) 52,266 (65,743)
Cash and Cash Equivalents at Beginning of Year 82,170 29,889 100,736
Effect of Exchange Rate Changes on Cash and Cash Equivalents (64) 15 (104)
Release / (deposit) of restricted cash 10,000 0 (5,000)
Cash and Cash Equivalents at the End of Period 58,359 82,170 29,889
Cash Paid for Interest, Net of Amounts Capitalized 19,476 9,840 9,374
Restricted cash 0 10,149 10,000
Cash Paid for Taxes 102 96 47
Fair value of shares distributed as dividend in kind $ 4,910 $ 0 $ 0