CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011		Dec. 31, 2010
Cash Flows from Operating Activities:
Net Loss	$ (480,114)	$ (201,363)	[1]	$ (122,542)	[1]
Items included in net loss not affecting cash flows:
Depreciation and amortization	201,284	179,721		170,670
Loss on write-down of vessels and intangible assets	279,382	0		28,783
Amortization of deferred gain on sale and leasebacks	(5,905)	(29,825)		(41,624)
Amortization of debt discount and other deferred financing costs	3,198	3,576		4,081
Deferred financing costs write-off	12,540	0		0
Compensation relating to restricted stock and stock option grants	7,910	10,069		11,940
Dedesignation of interest rate swap agreements	1,866	0		0
Deferred income tax benefit	(29,751)	(29,636)		(17,114)
Unrealized losses/(gains) on forward freight agreements and bunker swaps	(156)	427		(345)
Undistributed earnings of affiliated companies	(22,771)	(7,628)		7,388
Deferred payment obligations on charters-in	5,600	5,399		4,931
Reorganization items, non-cash	34,676	0		0
Loss on sublease contracts	895	0		0
Other - net	7,133	4,060		5,717
Items included in net loss related to investing and financing activities:
(Gain)/loss on sale or write-down of securities and investments - net	3,166	(313)		753
Gain on disposal of vessels and shipyard contract termination recoveries - net	(8,023)	(2,060)		(2,222)
Loss on repurchase of bonds	0	375		0
Payments for drydocking	(45,990)	(47,360)		(20,015)
Changes in operating assets and liabilities
Decrease/(increase) in receivables	(30,324)	(7,468)		(18,586)
Security deposits with vendors and lenders	(10,344)	0		0
Decrease in Sunoco deferred revenue	(27,104)	0		0
Net change in prepaid items and accounts payable, accrued expenses and other current and long term liabilities	69,933	60,965		(39,529)
Net cash used in operating activities	(32,899)	(61,061)		(27,714)
Cash Flows from Investing Activities:
Long-term investments	0	(13,708)		0
Short-term investments	0	0		(20,048)
Disposal of short-term investments	0	20,047		50,000
Proceeds from sale of marketable securities and investments	13,000	3,491		253
Expenditures for vessels	(52,604)	(187,510)		(421,363)
Withdrawals from Capital Construction Fund	0	0		40,727
Proceeds from disposal of vessels	12,886	19,628		14,888
Expenditures for other property	(2,862)	(6,736)		(2,656)
Investments in and advances to affiliated companies	0	(1,650)		(126,904)
Distributions from affiliated companies	6,608	8,733		25,823
Shipyard contract termination payments		0		(1,973)
Other - net	563	3,532		1,592
Net cash used in investing activities	(22,409)	(154,173)		(439,661)
Cash Flows from Financing Activities:
Issuance of common stock, net of issuance costs	0	0		158,266
Decrease/(increase) in restricted cash	0	0		7,945
Purchases of treasury stock	(307)	(920)		(1,718)
Issuance of debt, net of issuance costs and deferred financing costs	572,000	168,393		643,080
Payments on debt	(63,990)	(104,774)		(510,409)
Cash dividends paid	0	(46,875)		(51,884)
Issuance of common stock upon exercise of stock options	70	638		1,054
Net cash provided by financing activities	507,773	16,462		246,334
Net increase/(decrease) in cash and cash equivalents	452,465	(198,772)		(221,041)
Cash and cash equivalents at beginning of year	54,877	253,649		474,690
Cash and cash equivalents at end of year	$ 507,342	$ 54,877		$ 253,649

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