CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
VOYAGE REVENUES:
Voyage revenues	$ 74,851	$ 98,264	$ 282,987	$ 287,287
OPERATING EXPENSES:
Voyage expenses	36,948	40,707	132,540	102,825
Direct vessel expenses	26,764	26,331	84,112	74,857
Bareboat lease expense	2,483		6,524
General and administrative	9,174	9,343	28,267	28,493
Depreciation and amortization	23,339	25,413	68,851	70,014
Goodwill impairment			1,818
Loss on impairment of vessel	10,684		10,684
Loss on disposal of vessels and vessel equipment	1,181	29	6,116	560
Total operating expenses	110,573	101,823	338,912	276,749
OPERATING (LOSS) INCOME	(35,722)	(3,559)	(55,925)	10,538
OTHER (EXPENSE) INCOME:
Interest expense, net	(31,244)	(21,379)	(81,137)	(59,228)
Other income (expense)	29,738	(1,095)	44,337	(731)
Net other expense	(1,506)	(22,474)	(36,800)	(59,959)
Net loss	$ (37,228)	$ (26,033)	$ (92,725)	$ (49,421)
Basic loss per common share (in dollars per share)	$ (0.31)	$ (0.30)	$ (0.88)	$ (0.74)
Diluted loss per common share (in dollars per share)	$ (0.31)	$ (0.30)	$ (0.88)	$ (0.74)
Dividends declared per share (in dollars per share)		$ 0.08		$ 0.33
Weighted average common shares outstanding:
Basic (in shares)	118,601,021	86,303,987	105,886,999	66,891,595
Diluted (in shares)	118,601,021	86,303,987	105,886,999	66,891,595