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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating revenues      
Time charter revenues $ 91,407 $ 85,960 $ 22,656
Voyage charter revenues 159,108 102,972 53,706
Bareboat charter revenues 2,399 0 0
Other operating income 4,894 1,306 20,353
Total operating revenues 257,808 190,238 96,715
Gain (loss) on sale of assets and amortization of deferred gains 300 (10,788) 0
Operating expenses      
Voyage expenses and commission 89,886 78,099 33,955
Ship operating expenses 105,843 83,022 18,676
Charter hire expenses 53,691 30,719 0
Administrative expenses 12,728 12,469 5,037
Provision for uncollectible receivables 1,800 4,729 0
Provision for uncollectible receivables 985 152,597 0
Depreciation 63,433 52,728 19,561
Total operating expenses 328,366 414,363 77,229
Net operating (loss) income (70,258) (234,913) 19,486
Other income (expenses)      
Interest income 1,666 849 29
Interest expense (44,166) (28,270) (2,525)
Equity results of associated companies, including impairment (2,523) (5,033) 0
Impairment loss on marketable securities (10,050) (23,323) 0
Loss on derivatives (675) (6,939) 0
Bargain purchase gain arising on consolidation 0 78,876 0
Other financial items (1,860) (1,897) (737)
Net other (expenses) income (57,608) 14,263 (3,233)
Net (loss) income before income taxes (127,866) (220,650) 16,253
Income tax credit (expense) 155 (189) 0
Net (loss) income from continuing operations (127,711) (220,839) 16,253
Net loss from discontinued operations 0 0 (258)
Net (loss) income from continuing operations $ (127,711) $ (220,839) $ 15,995
Per share information:      
(Loss) earnings per share from continuing operations: basic and diluted (in dollars per share) $ (1.34) $ (7.30) $ 1.55
Loss per share from discontinued operations: basic and diluted (in dollars per share) 0.00 0.00 0.00
(Loss) earnings per share: basic and diluted (in dollars per share) (1.34) (7.30) 1.52
Cash distributions per share declared (in dollars per share) $ 0 $ 0 $ 3.15