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Unaudited Consolidated Statements of Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES        
Total revenues $ 182,304 $ 175,915 $ 617,082 $ 516,039
Voyage expenses (note 14e) (87,726) (83,048) (277,733) (249,974)
Vessel operating expenses (note 14b) (48,539) (52,161) (156,726) (157,808)
Time-charter hire expenses (note 8) (10,637) (4,317) (30,877) (14,697)
Depreciation and amortization (31,536) (29,595) (92,059) (88,598)
General and administrative expenses (note 14b) (8,739) (8,747) (27,412) (27,939)
Gain on sale of vessel (note 16) 0 0 0 170
Restructuring charges 0 (213) 0 (1,195)
(Loss) income from operations (4,873) (2,166) 32,275 (24,002)
Interest expense (16,134) (15,006) (49,683) (41,666)
Interest income 138 250 724 568
Realized and unrealized gain (loss) gain on derivative instruments (note 9) 1,453 596 (1,172) 4,725
Equity income (loss) (note 5) 68 (359) 652 265
Freight tax and other tax expenses (note 11) (1,435) (2,050) (5,688) (10,014)
Other income (note 10) 933 1,251 1,182 6,074
Net loss $ (19,850) $ (17,484) $ (21,710) $ (64,050)
Per common share amounts (note 15)        
- Basic loss per share $ (0.07) $ (0.07) $ (0.08) $ (0.24)
- Diluted loss per share $ (0.07) $ (0.07) $ (0.08) $ (0.24)
Weighted-average number of Class A and Class B common stock outstanding (note 15)        
- Basic and diluted 268,990,399 268,558,556 268,887,485 268,470,804
Voyage charter revenues        
REVENUES        
Total revenues $ 173,034 $ 152,047 $ 576,256 $ 432,017
Time-charter [Member]        
REVENUES        
Total revenues 1,909 12,326 6,775 51,820
Other revenues        
REVENUES        
Total revenues $ 7,361 $ 11,542 $ 34,051 $ 32,202