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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
Voyage Revenues $ 289,016 $ 297,141 $ 357,451
Voyage Expenses (165,012) (142,465) (125,987)
Vessel Operating Expenses (80,411) (87,663) (80,266)
Impairment Loss on Vessels (2,168) (110,480) 0
Impairment Loss on Goodwill 0 (18,979) 0
Loss on Disposal of Vessels (6,619) 0 0
General and Administrative Expenses (12,727) (12,575) (12,296)
Depreciation Expense (60,695) (100,669) (90,889)
Received Settlement 0 0 5,328
Net Operating (Loss) Income (38,616) (175,690) 53,341
Interest Income 334 347 215
Interest Expenses (34,549) (20,464) (11,170)
Other Financial Expenses (14,729) (644) (98)
Total Other Expenses (48,944) (20,761) (11,053)
Net (Loss) Income Before Income Taxes and Equity (Loss) (87,560) (196,451) 42,288
Income Tax Expense (79) (83) (102)
Equity Loss from Associate (7,667) (8,435) (46,642)
Net Loss $ (95,306) [1] $ (204,969) $ (4,456)
Basic and Diluted Loss per Share (in dollars per share) $ (0.67) $ (1.97) $ (0.05)
Basic and Diluted Average Number of Common Shares Outstanding (in shares) 141,969,666 103,832,680 92,531,001
Cash Dividends per Share (in dollars per share) $ 0.07 $ 0.53 $ 1.37
[1] Basic Loss per Share is impacted by $(0.02) from implementation of ASC 606 Revenue from Contracts with Customers.