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Unaudited Consolidated Statements of Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES        
Total revenues $ 202,277 $ 171,659 $ 434,778 $ 340,124
Voyage expenses (note 14e) (92,668) (86,933) (190,007) (166,926)
Vessel operating expenses (note 14b) (53,600) (52,652) (108,187) (105,647)
Time-charter hire expenses (note 8) (10,792) (5,697) (20,240) (10,380)
Depreciation and amortization (30,658) (29,573) (60,523) (59,003)
General and administrative expenses (note 14b) (9,508) (9,407) (18,673) (19,192)
Gain on sale of vessel (note 16) 0 170 0 170
Restructuring charges 0 (982) 0 (982)
Income (loss) from operations 5,051 (13,415) 37,148 (21,836)
Interest expense (16,607) (13,931) (33,549) (26,660)
Interest income 221 160 586 318
Realized and unrealized (loss) gain on derivative instruments (note 9) (1,778) 1,116 (2,625) 4,129
Equity (loss) income (note 5) (169) (70) 584 624
Freight tax and other tax expenses (note 11) (1,639) (6,086) (4,253) (7,964)
Other income (note 10) 614 4,813 249 4,823
Net loss $ (14,307) $ (27,413) $ (1,860) $ (46,566)
Per common share amounts (note 15)        
- Basic loss per share $ (0.05) $ (0.10) $ 0.00 $ (0.17)
- Diluted loss per share $ (0.05) $ (0.10) $ 0.00 $ (0.17)
Weighted-average number of Class A and Class B common stock outstanding (note 15)        
- Basic and diluted 268,990,399 268,558,556 268,835,175 268,426,201
Voyage charter revenues        
REVENUES        
Total revenues $ 186,805 $ 144,328 $ 403,222 $ 279,970
Time-charter [Member]        
REVENUES        
Total revenues 1,456 17,384 4,866 39,494
Other revenues        
REVENUES        
Total revenues $ 14,016 $ 9,947 $ 26,690 $ 20,660