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Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating revenues    
Total operating revenues $ 409,900 $ 581,849
Gain on sale of assets 2,583 9,516
Other operating income (expenses), net 0 (413)
Operating expenses    
Voyage expenses and commissions 123,626 122,901
Ship operating expenses (including related party amounts of $1,069 and $1,163 for the six months ended June 30, 2023 and 2022, respectively) 124,061 108,534
Charter hire expenses (including related party amounts of $14,556 and $22,716 for the six months ended June 30, 2023 and 2022, respectively) 26,992 25,683
Administrative expenses 9,329 10,624
Impairment loss on vessels 11,780 0
Depreciation 64,087 64,968
Total operating expenses 359,875 332,710
Net operating income 52,608 258,242
Other income (expenses)    
Interest income 2,685 294
Interest expense (46,197) (22,154)
Share of results of associated companies 9,868 27,120
Gain on derivatives 6,962 25,877
Other financial items 202 (242)
Net other income (expenses) (26,480) 30,895
Net income before tax 26,128 289,137
Income tax expense 60 65
Net income $ 26,068 $ 289,072
Per share information:    
Basic earnings per share (in dollars per share) $ 0.13 $ 1.44
Diluted earnings per share (in dollars per share) $ 0.13 $ 1.43
Related Party    
Operating expenses    
Ship operating expenses (including related party amounts of $1,069 and $1,163 for the six months ended June 30, 2023 and 2022, respectively) $ 1,069 $ 1,163
Charter hire expenses (including related party amounts of $14,556 and $22,716 for the six months ended June 30, 2023 and 2022, respectively) 14,556 22,716
Time charter revenues    
Operating revenues    
Total operating revenues 181,693 345,241
Time charter revenues | Related Party    
Operating revenues    
Total operating revenues 279 2,033
Voyage charter revenues    
Operating revenues    
Total operating revenues 226,946 236,158
Other revenues    
Operating revenues    
Total operating revenues $ 1,261 $ 450