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Accrued Liabilities
 6 Months Ended
Jun. 30, 2015
Accrued Liabilities  
Accrued Liabilities

 

8Accrued Liabilities

 

Accrued liabilities consisted of the following (in thousands):

 

 

 

As of
June 30, 2015

 

As of
December 31, 2014

 

Accrued payroll

 

$
1,643 

 

$
1,175 

 

Accrued interest

 
9,073 

 
9,457 

 

Accrued expenses

 
8,565 

 
14,073 

 

 

 

 

 

 

 

Total

 

$
19,281 

 

$
24,705 

 

 

 

 

 

 

 

 

 

 

Accrued expenses mainly consisted of accrued realized losses on cash flow interest rate swaps of $5.1 million and $10.4 million as of June 30, 2015 and December 31, 2014, respectively, as well as other accruals related to the operation of the Company’s fleet of $3.5 million and $3.7 million as of June 30, 2015 and December 31, 2014, respectively.