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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue        
Voyage revenue $ 75,857 $ 70,640 $ 145,315 $ 144,998
Time charter revenue 20,624 37,658 39,795 60,561
Logistics revenue 344 2,931 558 5,583
Other revenue 309 11 1,293 167
Total revenue 97,134 111,240 186,961 211,309
Operating expenses        
Voyage 42,609 37,268 81,076 72,048
Logistics 203 1,748 196 3,625
Vessel 31,447 31,668 63,131 59,439
Depreciation and amortization of vessels and other fixed assets 20,153 25,733 39,436 51,230
General and administrative 10,367 14,030 20,083 26,403
Net loss on vessel held for sale   5,154   5,154
Total operating expenses 104,779 115,601 203,922 217,899
Loss from operations (7,645) (4,361) (16,961) (6,590)
Other (expenses) and income        
Interest expense, net (7,697) (6,172) (15,319) (11,568)
Loss on extinguishment of debt     (1,103) (200)
Other income expense 188 42 265 24
Total other expenses (7,509) (6,130) (16,157) (11,744)
Net loss (15,154) (10,491) (33,118) (18,334)
Less: Net loss attributable to noncontrolling interest (713) (814) (2,010) (814)
Net loss attributable to TBS International plc $ (14,441) $ (9,677) $ (31,108) $ (17,520)
Net loss per ordinary share:        
Basic and Diluted $ (0.48) $ (0.32) $ (1.02) $ (0.59)
Weighted average ordinary shares outstanding        
Basic and Diluted 30,451,341 29,973,420 30,433,962 29,930,634