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Consolidated Income Statement - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Consolidated Income Statement [Abstract]      
Shipping revenues $ 556,075 $ 450,381 $ 295,853
Other revenues [1] 4,481 3,764 0
Total revenues 560,556 454,146 295,853
Gain on sale of vessels 0 19,513 15,153
Other income 0 0 4,612
Operating expenses      
Voyage expenses (165,667) (185,502) (92,405)
Vessel operating expenses (75,429) (73,809) (77,807)
Depreciation and amortization (108,902) (123,255) (128,639)
General and administrative expense (17,448) (16,889) (16,565)
Total operating expenses (367,447) (399,455) (315,416)
Operating income 193,110 74,204 202
Share of profit from associated companies 0 1,327 1,278
Interest income 4,485 1,076 6
Interest expense (33,061) (26,197) (25,727)
Fair value gain/(loss) on derivative financial liabilities (504) 14,983 12,450
Other financial (expense)/income (1,984) (2,826) 645
Profit/(loss) before tax 162,046 62,567 (11,147)
Income tax expense (649) (587) (360)
Profit/(loss) for the year 161,397 61,979 (11,507)
Attributable to the owners of non-controlling interest 43 459 14
Attributable to the owners of parent $ 161,353 $ 61,520 $ (11,521)
Basic earnings/(loss) per share (in dollars per share) $ 0.99 $ 0.37 $ (0.07)
Diluted earnings/(loss) per share (in dollars per share) $ 0.99 $ 0.37 $ (0.07)
Weighted average number of shares (basic) (in shares) 162,178,499 164,692,954 169,089,325
Weighted average number of shares (diluted) (in shares) 162,356,735 164,850,091 169,089,325
[1] Other revenues mainly relate to technical management services provided