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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and Cash Equivalents $ 112,806 $ 48,847
Restricted Cash 18,376 12,791
Accounts Receivable, Net 23,101 24,583
Prepaid Expenses 5,790 3,383
Inventory 10,112 22,475
Voyages in Progress 9,357 13,124
Investment Securities 148 825
Other Current Assets 2,731 3,344
Total Current Assets 182,421 129,372
NON-CURRENT ASSETS    
Vessels, net 872,507 899,997
Right of Use Assets 1,218 1,412
Other Non-Current Assets 1,514 122
Total Non-Current Assets 875,239 901,531
Total Assets 1,057,660 1,030,903
Current Liabilities    
Accounts Payable 1,566 8,405
Accrued Voyage Expenses 3,085 11,524
Other Current Liabilities 14,384 15,562
Dividends Payable 29,931 0
Current Portion of Long-Term Debt 52,357 23,537
Total Current Liabilities 101,323 59,028
Long-Term Debt 317,753 375,364
Operating Lease Liabilities 815 934
Other Non-Current Liabilities 314 153
Total Non-Current Liabilities 318,882 376,451
Commitments and Contingencies
SHAREHOLDERS' EQUITY    
Common Stock, par value $0.01 per Share; 360,000,000 shares authorized, 149,689,717 and 147,230,634 shares issued and outstanding at June 30, 2020, and December 31, 2019, respectively 1,497 1,472
Additional Paid-in Capital 53,383 38,499
Contributed Surplus 567,202 567,202
Accumulated other comprehensive loss (1,680) (1,397)
Retained Earnings (Accumulated Deficit) 17,053 (10,352)
Total Shareholders' Equity 637,455 595,424
Total Liabilities and Shareholders' Equity $ 1,057,660 $ 1,030,903