CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended
Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income for the period	$ 19,539	$ 8,966	$ 32,971	$ 18,308
Other comprehensive income
Change in fair value of financial instruments		23,415		40,536
Deferred realized losses on cash flow hedges amortized over the life of the newbuildings		(2,196)		(7,035)
Amortization of deferred realized losses on cash flow hedges	1,002	850	1,992	1,499
Reclassification of unrealized losses/(gains) to earnings	29,501	(318)	58,819	(1,843)
Total Other Comprehensive Income	30,503	21,751	60,811	33,157
Comprehensive Income	$ 50,042	$ 30,717	$ 93,782	$ 51,465

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

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Net of tax amount of other comprehensive income (loss) attributable to the parent entity.

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- Definition

Net of tax amount of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income.

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- Definition

Net of tax amount, before reclassification adjustments, of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).

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