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Consolidated Statemenets of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES:      
Revenues $ 113,959 $ 132,375 $ 159,900
Commissions (4,187) (5,058) (5,806)
Net revenues 109,772 127,317 154,094
EXPENSES:      
Voyage expenses (7,679) (17,856) (19,429)
Vessel operating expenses (49,519) (55,469) (50,634)
Depreciation (49,485) (47,133) (43,084)
General and administrative expenses      
-Management fee to related party (11,611) (10,764) (8,962)
-Public company expenses (3,770) (3,853) (4,369)
Early redelivery cost, net 0 0 (532)
Loss from inventory valuation 0 (1,432) (4,001)
Other operating income 794 0 0
Gain on asset purchase cancellation 0 0 3,633
Loss on sale of assets (2,750) 0 0
Impairment loss (17,163) (22,826) 0
Operating income/(loss) (31,411) (32,016) 26,716
OTHER (EXPENSE)/INCOME:      
Interest expense (19,576) (11,650) (8,335)
Other finance costs (1,735) (242) (1,132)
Interest income 515 86 821
Loss on derivatives (620) (1,676) (1,977)
Foreign currency gain/(loss) (76) 347 13
Amortization and write-off of deferred finance charges (3,063) (2,793) (1,472)
Net income/(loss) (55,966) (47,944) 14,634
Less preferred dividend 14,025 14,200 9,390
Net income/(loss) available to common shareholders $ (69,991) $ (62,144) $ 5,244
Earnings/(loss) per share in U.S.Dollars, basic and diluted $ (0.83) $ (0.74) $ 0.06
Weighted average number of shares, basic and diluted 84,526,411 83,479,636 83,446,970