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Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
REVENUES:    
Revenues $ 247,032 $ 151,632
Commissions (10,442) (5,703)
Net revenues 236,590 145,929
EXPENSES:    
Voyage expenses (9,284) (36,866)
Vessel operating expenses (53,467) (54,716)
Depreciation (39,153) (40,395)
General and administrative expenses    
Management fee to related parties (14,636) (13,849)
Company administration expenses (2,388) (1,976)
Early redelivery income 7,470 0
Gain on sale of vessels 632 0
Operating (loss)/income 125,764 (1,873)
OTHER (EXPENSE)/INCOME:    
Interest expense (11,826) (16,900)
Other finance cost (462) (467)
Interest income 63 563
Loss on derivatives (1,977) (1,009)
Foreign currency gain/(loss) (611) 491
Amortization and write-off of deferred finance charges (1,808) (1,324)
Net (loss)/income 109,143 (20,519)
Less Preferred dividend 8,318 8,622
Less/(plus) Mezzanine equity measurement (271) 495
Net (loss)/income available to common shareholders, basic 101,096 (29,636)
Net (loss)/income available to common shareholders, diluted $ 101,096 $ (29,636)
(Loss)/earnings per share in U.S. Dollars, basic (in USD per share) $ 0.91 $ (0.29)
(Loss)/earnings per share in U.S. Dollars, diluted (in USD per share) $ 0.91 $ (0.29)
Weighted average number of shares, basic (in shares) 111,044,439 102,762,932
Weighted average number of shares, diluted (in shares) 111,044,439 102,762,932