v3.26.1
Unaudited Interim Condensed Consolidated Income Statements - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Revenues:    
Voyage revenues (Note 16) $ 638,564 $ 478,058
Expenses/(Income)    
Voyage expenses (Note 4) 110,373 112,164
Charter-in hire expenses (Note 7) 27,103 33,210
Vessel operating expenses 126,112 135,897
Dry docking expenses 39,146 45,703
Depreciation (Note 6) 79,361 85,562
Management fees (Note3) 11,084 11,494
General and administrative expenses (Note 3) 30,546 33,497
Other operational loss 1,421 1,590
Other operational gain (Notes 4 and 15) (3,161) (13,727)
Loss on bad debt 98 0
(Gain)/Loss on forward freight agreements and bunker swaps, net (Note 14) 3,834 (4,335)
(Gain)/Loss on sale of vessels (Note 6) (12,526) 8,698
Total operating expenses, net 413,391 449,753
Operating income 225,173 28,305
Other Income/ (Expenses):    
Interest and finance costs (Note 9) (25,339) (38,133)
Interest income and other income/(loss) 4,223 10,087
Gain/(Loss) on derivative financial instruments, net (Note 14) 212 446
Loss on debt extinguishment, net (Note 9) (821) (186)
Total other expenses, net (21,725) (27,786)
Income before equity in income/(loss) of investee 203,448 519
Equity in income/(loss) of investee (Note 4) 33 (18)
Net income $ 203,481 $ 501
Earnings per share, basic $ 1.83 $ 0.00
Earnings per share, diluted $ 1.82 $ 0.00
Weighted average number of shares outstanding, basic (Note 11) 111,297,374 116,583,497
Weighted average number of shares outstanding, diluted(Note 11) 111,697,798 116,755,442