| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
REVENUES: | ||||||||
Revenues | ||||||||
154,040 | 113,959 | 132,375 | 159,900 | 191,520 | 187,557 | 172,036 | 159,698 | 168,400 |
Commissions | ||||||||
6,008 | 4,187 | 5,058 | 5,806 | 4,799 | 3,261 | 3,128 | 2,678 | 3,794 |
Net revenues | ||||||||
148,032 | 109,772 | 127,317 | 154,094 | 186,721 | 184,296 | 168,908 | 157,020 | 164,606 |
EXPENSES: | ||||||||
Voyage expenses | ||||||||
3,932 | 7,679 | 17,856 | 19,429 | 10,207 | 7,286 | 1,987 | 610 | 577 |
Vessel operating expenses | ||||||||
52,794 | 49,519 | 55,469 | 50,634 | 41,964 | 34,540 | 26,066 | 23,128 | 19,628 |
Depreciation | ||||||||
51,424 | 49,485 | 47,133 | 43,084 | 37,394 | 32,250 | 23,637 | 19,673 | 13,893 |
General and administrative expenses | ||||||||
-Management fee to related party | ||||||||
13,511 | 11,611 | 10,764 | 8,962 | 8,379 | 7,726 | 6,026 | 4,880 | - |
-Company administration expenses | ||||||||
2,607 | 3,770 | 3,853 | 4,369 | 2,981 | 2,220 | 2,463 | - | - |
-Management fee to related party | ||||||||
- | - | - | - | - | - | - | - | 4,436 |
-Third party expenses | ||||||||
- | - | - | - | - | - | - | 2,138 | 2,610 |
Early redelivery cost, net | ||||||||
-1,263 | 0 | 0 | -532 | 7,050 | 11,677 | 207 | 132 | 74,951 |
Loss from inventory valuation | ||||||||
0 | 0 | 1,432 | 4,001 | 0 | 0 | - | - | - |
Other operating income/(expense) | ||||||||
-390 | 794 | 0 | - | - | - | - | - | - |
Other operating income | ||||||||
- | - | - | 0 | - | - | - | - | - |
Gain on asset purchase cancellation | ||||||||
- | - | - | 3,633 | 0 | 0 | - | - | - |
Loss on asset purchase cancellations | ||||||||
- | - | - | - | - | - | - | - | 20,699 |
Loss on sale of assets | ||||||||
-120 | -2,750 | 0 | 0 | - | - | - | 15,199 | - |
Impairment loss | ||||||||
91,293 | 17,163 | 22,826 | 0 | 0 | - | - | - | - |
Operating loss | ||||||||
-69,302 | -31,411 | -32,016 | 26,716 | 92,846 | 111,951 | 108,936 | 121,922 | 177,714 |
OTHER (EXPENSE)/INCOME: | ||||||||
Interest expense | ||||||||
23,224 | 19,576 | 11,650 | 8,335 | 9,086 | 9,072 | 5,250 | 6,423 | 10,342 |
Other finance (cost)/income | ||||||||
7,651 | -1,735 | -242 | -1,132 | -1,032 | -1,268 | -1,055 | -330 | -442 |
Interest income | ||||||||
799 | 515 | 86 | 821 | 1,008 | 1,122 | 1,046 | 2,627 | 2,164 |
(Loss)/gain on derivatives | ||||||||
72 | -620 | -1,676 | -1,977 | 813 | -5,384 | -12,491 | - | - |
Loss on derivatives | ||||||||
- | - | - | - | - | - | - | -8,164 | -4,416 |
Foreign currency gain/(loss) | ||||||||
1,782 | -76 | 347 | 13 | -40 | -3 | -799 | 281 | 838 |
Amortization and write-off of deferred finance charges | ||||||||
2,457 | 3,063 | 2,793 | 1,472 | 1,252 | 1,226 | 653 | 266 | 106 |
Net loss | ||||||||
-84,679 | -55,966 | -47,944 | 14,634 | 83,257 | 96,120 | 89,734 | 109,647 | - |
Less preferred dividend | ||||||||
12,316 | 14,025 | 14,200 | 9,390 | 1,787 | 0 | 0 | - | - |
Less preferred deemed dividend | ||||||||
2,146 | 0 | 0 | - | - | - | - | - | - |
Net loss available to common shareholders | ||||||||
-99,141 | -69,991 | -62,144 | 5,244 | 81,470 | 96,120 | 89,734 | - | - |
Net income | ||||||||
- | - | - | - | - | - | - | - | 165,410 |
Loss per share in U.S.Dollars, basic and diluted | ||||||||
-0.98 | -0.83 | -0.74 | 0.06 | 1.05 | 1.27 | 1.29 | 1.73 | 3.03 |
Weighted average number of shares, basic and diluted | ||||||||
100,932 | 84,526 | 83,479 | 83,446 | 77,495 | 75,468 | 69,463 | 63,300 | - |