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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 140,361 $ 174,721
Restricted cash 1,140 14,928
Marketable securities 2,673 2,639
Marketable securities pledged to creditors 0 5,835
Trade accounts receivable, net 46,199 40,974
Related party receivables 14,629 13,255
Other receivables 14,268 22,950
Inventories 73,589 57,858
Voyages in progress 26,601 34,705
Prepaid expenses and accrued income 8,771 7,725
Other current assets 3,419 2,729
Total current assets 331,650 378,319
Long-term assets    
Newbuildings 131,174 48,498
Vessels and equipment, net 3,340,987 3,307,144
Vessels and equipment under finance leases, net 49,234 53,518
Right-of-use assets under operating leases 4,527 8,426
Investment in associated company 555 1,279
Goodwill 112,452 112,452
Loan notes receivable 1,388 1,388
Long-term derivative instruments receivable 4,557 0
Other long-term assets 5,058 7,197
Total assets 3,981,582 3,918,221
Current liabilities    
Short-term debt and current portion of long-term debt 326,462 167,082
Current portion of obligations under finance leases 7,329 7,810
Current portion of obligations under operating leases 1,173 4,548
Related party payables 29,259 19,853
Trade accounts payable 5,634 7,860
Accrued expenses 36,952 42,529
Derivative instruments payable 9,972 19,261
Other current liabilities 9,898 12,418
Total current liabilities 426,679 281,361
Long-term debt 1,891,438 1,968,924
Obligations under finance leases 45,115 48,467
Obligations under operating leases 3,662 4,177
Other long-term liabilities 1,235 3,739
Total liabilities 2,368,129 2,306,668
Commitments and contingencies
Equity    
Share capital (197,692,321 shares. 2020: 197,692,321. Par value $1.00) 197,692 197,692
Additional paid in capital 401,683 402,021
Contributed surplus 1,004,094 1,004,094
Accumulated other comprehensive income 174 200
Retained earnings 10,282 8,018
Total equity attributable to the Company 1,613,925 1,612,025
Non-controlling interest (472) (472)
Total equity 1,613,453 1,611,553
Total liabilities and equity $ 3,981,582 $ 3,918,221