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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Shipping Revenues:      
Shipping revenues $ 951,613 $ 1,071,775 $ 864,665
Operating Expenses:      
Voyage expenses 18,510 16,256 10,955
Vessel expenses 275,661 259,539 240,674
Charter hire expenses 29,839 39,404 32,132
Depreciation and amortization 149,440 129,038 110,388
General and administrative 52,607 47,473 46,351
Other operating expenses 2,820    
Third-party debt modification fees 168 568 1,158
(Gain)/loss on disposal of vessels and other assets, net (32,657) (35,934) (19,647)
Total operating expenses 496,388 456,344 422,011
Income from vessel operations 455,225 615,431 442,654
Equity in income of affiliated companies     714
Operating income 455,225 615,431 443,368
Other income 10,118 10,652 2,332
Income before interest expense and income taxes 465,343 626,083 445,700
Interest expense (49,703) (65,759) (57,721)
Income before income taxes 415,640 560,324 387,979
Income tax benefit/(provision) 1,084 (3,878) (88)
Net income 416,724 556,446 387,891
Net income/(loss) attributable to the Company $ 416,724 $ 556,446 $ 387,891
Weighted Average Number of Common Shares Outstanding:      
Basic 49,270,496 48,978,452 49,381,459
Diluted 49,680,127 49,428,967 49,844,904
Per Share Amounts:      
Basic net income per share $ 8.45 $ 11.35 $ 7.85
Diluted net income per share $ 8.38 $ 11.25 $ 7.77
International Crude Tankers Segment [Member]      
Operating Expenses:      
Vessel expenses $ 130,107 $ 115,708 $ 98,844
Charter hire expenses 14,322 11,870 15,380
Depreciation and amortization 80,988 76,877 62,596
(Gain)/loss on disposal of vessels and other assets, net 8,704 (12) 1,091
Equity in income of affiliated companies     714
International Product Carriers Segment [Member]      
Operating Expenses:      
Vessel expenses 145,554 143,831 141,830
Charter hire expenses 15,517 27,534 16,752
Depreciation and amortization 68,452 52,160 47,706
(Gain)/loss on disposal of vessels and other assets, net (41,361) (35,922) (20,738)
Pool Revenue Leases [Member]      
Shipping Revenues:      
Shipping revenues 749,164 905,808 774,922
Time and Bareboat Charter Leases [Member]      
Shipping Revenues:      
Shipping revenues 137,119 96,544 33,034
Voyage Charter Leases [Member]      
Shipping Revenues:      
Shipping revenues $ 65,330 $ 69,423 $ 56,709