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Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Loss for the period $ (13,199) $ (3,473)
Adjustments for:    
Depreciation 1,176 2,348
Depreciation of deferred dry docking costs 856 910
Payment of deferred dry docking costs (493) (481)
Provision for staff retirement indemnities 3 (63)
Impairment loss 4,615 0
Loss/(Gain) on derivative financial instruments 1,868 (1,572)
Interest expense and finance costs 2,242 2,278
Interest income (12) (9)
Foreign exchange gains, net 4 (2)
Share based payment 20 20
Trade receivables, net (394) (302)
Inventories 1,079 228
Prepayments and other assets (320) (827)
Trade accounts payable (720) (991)
Accrued liabilities and other payables (694) 54
Deferred revenue 0 64
Net cash used in operating activities (3,969) (1,818)
Cash flows from investing activities:    
Purchases of office furniture and equipment 0 (13)
Interest received 12 9
Net cash generated from / (used in) investing activities 12 (4)
Cash flows from financing activities:    
Proceeds from loans 0 43,700
Repayment of long-term debt 0 (1,830)
Prepayment of long-term debt (2,240) (33,833)
Proceeds from issuance of share capital 24,207 0
Proceeds from exercise of Warrants 194 0
Transaction costs on issue of new common shares (532) 0
Increase in restricted cash (83) (809)
Payment of financing costs 0 (880)
Repayment of lease liability 0 (30)
Interest paid (1,728) (1,833)
Net cash provided by financing activities 19,818 4,485
Net increase in cash and cash equivalents 15,861 2,663
Cash and cash equivalents at the beginning of the period 2,366 46
Cash and cash equivalents at the end of the period $ 18,227 $ 2,709