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CONSOLIDATED INCOME STATEMENT - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Profit or loss [abstract]      
Revenue $ 635,366 $ 656,991 $ 680,143
Port expenses, bunkers and commissions (283,018) (259,888) (221,859)
Charter hire (2,506) (8,517) (21,498)
Operating expenses (Note 3) (180,443) (188,374) (195,249)
Profit from sale of vessels (Note 22) 752 2,762  
Administrative expenses (Note 3,4) (47,826) (45,007) (41,406)
Other operating expenses (1,963) (418) (304)
Share of profit/(loss) from joint ventures 189 3 176
Impairment losses on tangible and intangible assets (Note 6,7,22) (3,249) (3,572) (185,000)
Depreciation (Note 6) (114,480) (114,451) (122,215)
Operating profit/(loss) (EBIT) 2,822 39,529 (107,212)
Financial income (Note 8) 3,302 4,255 2,814
Financial expenses (Note 8) (39,345) (40,601) (37,333)
Profit/(loss) before tax (33,221) 3,184 (141,731)
Tax (Note 11) (1,558) (777) (760)
Net profit/(loss) for the year $ (34,779) $ 2,407 $ (142,491)
EARNINGS PER SHARE      
Basic earnings/(loss) per share (USD) (Note 25) (in dollars per share) $ (0.48) $ 0.04 $ (2.27)
Diluted earnings/(loss) per share (USD) (Note 25) (in dollars per share) $ (0.48) $ 0.04 $ (2.27)