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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of Cash Flows [Abstract]      
Net income (loss) $ 139,986,000 $ (8,398,000) $ (264,322,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 117,850,000 122,566,000 141,748,000
Amortization of deferred charges 4,646,000 2,472,000 1,913,000
Other operating gains 0 (10,308,000) (2,378,000)
Gain on sale of shares 0 (1,026,000) (1,061,000)
Contingent rental income (2,607,000) (21,273,000) (26,148,000)
Finance lease payments received 15,149,000 0 0
Impairment loss on vessels and vessels held under finance lease 0 0 164,187,000
Mark to market on marketable securities (1,737,000) 3,526,000 0
Share of results from associated company and gain on equity interest (1,681,000) (246,000) 0
Impairment loss on goodwill 0 0 112,821,000
Mark to market loss (gain) on derivatives 11,757,000 (3,190,000) (93,000)
Other, net 756,000 743,000 1,953,000
Changes in operating assets and liabilities, net of acquisition:      
Trade accounts receivable (13,608,000) (133,000) (506,000)
Other receivables (8,400,000) 227,000 2,122,000
Inventories 2,102,000 (7,323,000) (24,079,000)
Voyages in progress (11,902,000) (41,486,000) 7,084,000
Prepaid expenses and accrued income (3,364,000) (1,633,000) (429,000)
Other current assets 6,006,000 (2,349,000) (1,000)
Trade accounts payable (9,171,000) 10,403,000 7,485,000
Accrued expenses 36,342,000 (1,177,000) 12,645,000
Related party balances (5,388,000) 6,990,000 3,062,000
Other current liabilities 3,641,000 (2,163,000) (6,178,000)
Other (190,000) (51,000) 660,000
Net cash provided by operating activities 280,187,000 46,171,000 130,485,000
Investing activities      
Additions to newbuildings, vessels and equipment (195,972,000) (216,310,000) (713,560,000)
Purchase of shares 0 0 (46,100,000)
Investment in associated company 0 (6,000,000) 0
Return of loan to associated company 3,000,000 0 0
Finance lease payments received 0 5,336,000 9,745,000
Net proceeds from sale of shares 0 17,757,000 27,412,000
Reduction in prepaid consideration 2,401,000 0 0
Net cash used in investing activities (190,571,000) (199,217,000) (722,503,000)
Financing activities      
Net proceeds from issuance of shares 98,415,000 85,000 0
Proceeds from long-term debt 146,007,000 298,871,000 673,416,000
Repayment of long-term debt (185,262,000) (172,412,000) (83,951,000)
Payment of obligations under finance leases (15,228,000) (10,094,000) (31,854,000)
Lease termination payments 0 0 (19,006,000)
Purchase of shares from non-controlling interest (269,000) 0 0
Debt fees paid (4,119,000) 0 (3,495,000)
Cash dividends paid (19,688,000) (386,000) (51,401,000)
Proceeds from secured short-term borrowings 0 0 10,116,000
Net cash provided by financing activities 19,856,000 116,064,000 493,825,000
Net change in cash, cash equivalents and restricted cash 109,472,000 (36,982,000) (98,193,000)
Cash , cash equivalents and restricted cash at beginning of year 67,904,000 104,886,000 203,079,000
Cash, cash equivalents and restricted cash at end of year 177,376,000 67,904,000 104,886,000
Supplemental disclosure of cash flow information:      
Interest paid, net of interest capitalized 90,602,000 80,887,000 57,291,000
Income taxes paid $ 324,000 $ 329,000 $ 1,222,000