Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2015

Long-Term Debt

Schedule of long-term debt

Long-term debt consisted of the following (in thousands):

Lender	As of June 30, 2015		Current portion		Long-term portion		As of December 31, 2014		Current portion		Long-term portion
The Royal Bank of Scotland	$	674,687	$	20,473	$	654,214	$	678,954	$	12,657	$	666,297
HSH Nordbank AG-Aegean Baltic Bank-Piraeus Bank	628,513		142		628,371		628,513		—		628,513
HSH Nordbank	25,550		8,787		16,763		28,843		7,633		21,210
The Export-Import Bank of Korea (“KEXIM”)	13,389		10,369		3,020		18,573		10,369		8,204
The Export-Import Bank of Korea & ABN Amro	51,234		11,250		39,984		56,859		11,250		45,609
Deutsche Bank	172,416		4,995		167,421		174,709		4,786		169,923
Canyon Capital Finance	141,971		12,033		129,938		144,467		8,228		136,239
Credit Suisse	204,299		11,276		193,023		208,585		9,328		199,257
ABN Amro-Bank of America Merrill Lynch-Burlington Loan Management-National Bank of Greece	234,921		14,074		220,847		239,896		11,422		228,474
Commerzbank-Credit Suisse- Credit Agricole	267,298		20,955		246,343		274,984		17,327		257,657
The Royal Bank of Scotland (January 2011 Credit Facility)	79,680		24,032		55,648		85,017		15,326		69,691
HSH Nordbank AG-Aegean Baltic Bank-Piraeus Bank (January 2011 Credit Facility)	84,588		31,607		52,981		94,812		22,476		72,336
ABN Amro-Bank of America Merrill Lynch-Burlington Loan Management -National Bank of Greece (January 2011 Credit Facility)	23,514		11,186		12,328		26,444		6,371		20,073
Sinosure CEXIM-Citi-ABN Amro Credit Facility	132,210		20,340		111,870		142,380		20,340		122,040
Club Facility (January 2011 Credit Facility)	58,586		18,761		39,825		65,457		14,773		50,684
Citi—Eurobank Credit Facility (January 2011 Credit Facility)	67,105		9,969		57,136		69,759		5,830		63,929
Comprehensive Financing Plan exit fee accrued	13,704		—		13,704		11,862		—		11,862
Fair value hedged debt	722		—		722		1,006		—		1,006
Total long-term debt	$	2,874,387	$	230,249	$	2,644,138	$	2,951,120	$	178,116	$	2,773,004
Hyundai Samho Vendor Financing	$	35,673	$	35,673	$	—	$	64,367	$	46,530	$	17,837

Schedule of Maturities of long-term debt for the years subsequent

Maturities of long-term debt for the next five years and thereafter subsequent to June 30, 2015, are as follows (in thousands):

Payment due by period ended	Fixed principal repayments		Variable principal payments		Final Payment due on December 31, 2018*		Total principal payments
June 30, 2016	$	168,810	$	61,439	$	—	$	230,249
June 30, 2017	192,367		109,293		—		301,660
June 30, 2018	170,538		121,886		—		292,424
June 30, 2019	127,556		21,256		1,835,966		1,984,778
June 30, 2020 and thereafter	50,850		—		—		50,850
Total long-term debt	$	710,121	$	313,874	$	1,835,966	$	2,859,961

* The last payment due on December 31, 2018, includes the unamortized remaining principal debt balances under the restructuring agreement, as such amount will be determinable following the fixed and variable amortization.