CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011		Dec. 31, 2010
Shipping Revenues:
Pool revenues, including $78,523 in 2012, $83,955 in 2011 and $68,231 in 2010 received from companies accounted for by the equity method	$ 241,314	$ 245,028		$ 355,915
Time and bareboat charter revenues	299,267	267,159		276,636
Voyage charter revenues	583,253	537,344		413,059
Sunoco termination fee	13,300	0		0
Shipping revenues	1,137,134	1,049,531		1,045,610
Operating Expenses:
Voyage expenses	296,288	259,330		192,332
Vessel expenses	285,023	287,610		265,251
Charter hire expenses	370,405	383,940		369,667
Depreciation and amortization	201,284	179,721		170,670
General and administrative	88,845	83,178		100,424
Severance and relocation costs	3,163	0		0
Shipyard contract termination recoveries	0	0		(2,061)
(Gain)/loss on disposal of vessels, including impairments	271,359	(2,060)		28,622
Total Operating Expenses	1,516,367	1,191,719		1,124,905
Loss from Vessel Operations	(379,233)	(142,188)		(79,295)
Equity in Income of Affiliated Companies	33,486	20,555		3,593
Operating Loss	(345,747)	(121,633)		(75,702)
Other Income/(Expense)	(1,314)	2,154		1,047
Loss before Interest Expense, Reorganization Items and Taxes	(347,061)	(119,479)		(74,655)
Interest Expense	(93,421)	(79,898)		(67,044)
Loss before Reorganization Items and Income Taxes	(440,482)	(199,377)		(141,699)
Reorganization Items, net	(41,113)	0		0
Loss before Income Taxes	(481,595)	(199,377)		(141,699)
Income Tax Benefit/(Provision)	1,481	(1,986)		19,157
Net Loss	$ (480,114)	$ (201,363)	[1]	$ (122,542)	[1]
Weighted Average Number of Common Shares Outstanding:
Basic (in shares)	30,339,258	30,228,441		29,498,127
Diluted (in shares)	30,339,258	30,228,441		29,498,127
Per Share Amounts:
Basic net loss (in dollars per share)	$ (15.82)	$ (6.67)		$ (4.15)
Diluted net loss (in dollars per share)	$ (15.82)	$ (6.67)		$ (4.15)
Cash dividends declared (in dollars per share)	$ 0	$ 1.53		$ 1.75

[1] Net loss has been restated for 2011 and 2010 as more fully described in Note 2 “Company Inquiry and Restatement.”