| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|
REVENUE | ||||||
Revenue | ||||||
195,935 | 164,403 | 157,882 | 67,326 | 35,867 | 25,172 | 22,375 |
OPERATING EXPENSES | ||||||
Commissions and voyage related costs | ||||||
72,737 | 37,121 | 30,137 | 7,004 | 2,523 | 789 | 468 |
Vessel operating expenses | ||||||
62,890 | 56,399 | 46,416 | 29,447 | 18,215 | 14,598 | 12,186 |
Charter hire costs | ||||||
- | - | - | - | - | 1,699 | 1,663 |
Depreciation | ||||||
34,271 | 30,091 | 24,157 | 14,854 | 8,388 | 6,195 | 5,343 |
Amortization of deferred drydock expenditure | ||||||
2,924 | 2,715 | 2,120 | 2,031 | 1,420 | 441 | 0 |
Commercial and chartering | ||||||
2,619 | 2,021 | 329 | - | - | - | - |
General and administrative expenses | ||||||
0 | 0 | 0 | 8,178 | 5,669 | 2,975 | 2,599 |
General and administrative expenses | ||||||
Corporate | ||||||
11,979 | 12,055 | 10,418 | - | - | - | - |
Commercial and chartering | ||||||
2,619 | 2,021 | 329 | - | - | - | - |
Total operating expenses | ||||||
187,422 | 140,404 | 113,580 | 61,516 | 36,218 | 26,699 | 22,260 |
(Loss) / profit from operations | ||||||
8,513 | 23,999 | 44,301 | 5,810 | -350 | -1,526 | 115 |
Interest expense and finance costs | ||||||
21,380 | 17,754 | 12,282 | 4,119 | 3,464 | 2,966 | 3,080 |
Interest income | ||||||
436 | 164 | 15 | 16 | 6 | 4 | 3 |
Loss on disposal of vessels | ||||||
0 | -2,601 | 0 | 0 | - | - | - |
Loss before taxes | ||||||
-12,430 | 3,808 | 32,034 | 1,707 | -3,808 | -4,487 | -2,961 |
Income tax | ||||||
59 | 60 | 79 | 46 | 33 | 51 | 13 |
Net loss | ||||||
-12,490 | 3,747 | 31,954 | 1,660 | -3,842 | -4,539 | -2,975 |
Loss per share, basic and diluted | ||||||
-0.37 | 0.12 | 1.23 | 0.07 | -0.31 | -0.56 | -0.37 |
Weighted average number of shares outstanding, basic and diluted | ||||||
33,441 | 30,141 | 26,059 | 24,547 | 12,241 | 8,049 | 8,049 |