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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating revenues    
Time charter revenues $ 38,527 $ 24,429
Voyage charter revenues 56,473 42,708
Bareboat charter revenues 2,387 0
Other operating income 3,192 279
Total operating revenues 100,579 67,416
Gain on sale of assets and amortization of deferred gains 166 0
Operating expenses    
Voyage expenses and commission 37,942 34,971
Ship operating expenses 50,667 30,974
Charter hire expenses 26,920 5,348
Administrative expenses 6,886 5,963
Provision for uncollectible receivables 1,800 0
Impairment loss on vessels owned and leased 985 140,962
Depreciation 30,794 24,596
Total operating expenses 155,994 242,814
Net operating loss (55,249) (175,398)
Other income (expenses)    
Interest income 831 385
Interest expense (20,352) (12,863)
Equity results of associated companies, including impairment (2,952) (571)
Impairment loss on marketable securities (10,050) 0
Loss on derivatives (17,821) (495)
Bargain purchase gain arising on consolidation 0 78,876
Other financial items (1,839) (822)
Net other (expenses) income (52,183) 64,510
Net loss before income taxes (107,432) (110,888)
Income tax expense (20) 0
Net loss $ (107,452) $ (110,888)
Per share information:    
Loss per share: basic and diluted (in USD per share) $ (1.27) $ (4.30)