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Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 103,897 $ 134,784
Restricted cash 3,426 3,289
Marketable securities 2,635 2,187
Trade accounts receivable, net 30,538 14,950
Other current assets 40,371 54,430
Other current assets (capitalized fulfillment costs) 3,578 2,334
Derivative instruments receivable 13,738 12,262
Favorable charter party contracts 562 0
Inventories 51,682 45,434
Prepaid expenses 9,121 12,503
Voyages in progress 13,229 16,974
Total current assets 272,777 299,147
Long-term assets    
Vessels and equipment, net 2,952,894 2,665,785
Vessels held for sale 0 12,542
Finance leases, right of use assets, net 76,177 83,589
Operating leases, right of use assets, net 12,988 15,646
Newbuildings 62,397 91,898
Investments in associated companies 58,399 65,400
Related party receivables 0 837
Derivative instruments receivable long-term 22,579 20,861
Other long-term assets 6,070 1,586
Total assets 3,464,281 3,257,291
Current liabilities    
Current portion of long-term debt 106,372 92,865
Current portion of finance lease obligations - related party 19,007 18,387
Current portion of operating lease obligations (including related party balances of $2,080 as of June 30, 2023 and $2,010 as of December 31, 2022) 4,900 5,546
Derivative instruments payable 829 1,313
Unfavorable charter party contracts 2,497 0
Related party payables 11,761 9,492
Trade accounts payables 11,225 7,143
Accrued expenses 48,074 43,388
Other current liabilities 38,668 33,494
Total current liabilities 243,333 211,628
Long-term liabilities    
Long-term debt 1,252,669 1,027,991
Non-current portion of finance lease obligations - related party 77,816 87,588
Non-current portion of operating lease obligations (including related party balances of $10,272 as of June 30, 2023 and $11,345 as of December 31, 2022) 10,907 13,051
Other long-term liabilities 3,825 0
Total liabilities 1,588,550 1,340,258
Commitments and contingencies
Equity    
Share capital (Shares issued: 2023: 201,190,621 shares. 2022: 201,190,621 shares. Outstanding shares: 2023: 199,503,293 shares. 2022: 200,485,621 shares. All shares are issued and outstanding at par value $0.05) 10,061 10,061
Treasury shares (12,466) (5,014)
Additional paid in capital 1,053 851
Contributed capital surplus 1,582,257 1,582,257
Accumulated earnings 294,826 328,878
Total equity 1,875,731 1,917,033
Total liabilities and equity $ 3,464,281 $ 3,257,291