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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES:      
Time charter revenues (Note 2(q)) $ 289,972,000 $ 214,203,000 $ 169,733,000
OPERATING EXPENSES      
Voyage expenses (Notes 2(q) and 10) 6,942,000 5,570,000 13,525,000
Vessel operating expenses (Note 2(r)) 72,033,000 74,756,000 85,847,000
Depreciation and amortization of deferred charges (Note 2(m) and (n)) 43,326,000 40,492,000 42,991,000
General and administrative expenses 29,367,000 29,192,000 32,778,000
Management fees to related party (Note 3(c)) 511,000 1,432,000 2,017,000
Vessel impairment charges (Note 2(l))     104,395,000
(Gain)/loss on sale of vessels (Notes 4) (2,850,000) (1,360,000) 1,085,000
Insurance recoveries (Note 8(a)) (1,789,000)    
Other operating (income)/loss (265,000) 603,000 (230,000)
Operating income/(loss), total 142,697,000 63,518,000 (112,675,000)
OTHER INCOME / (EXPENSES):      
Interest expense and finance costs (Note 11) (27,419,000) (20,239,000) (21,514,000)
Interest and other income 2,737,000 176,000 728,000
(Loss)/gain on extinguishment of debt (435,000) (980,000) 374,000
Gain on spin-off of OceanPal Inc. (Note 3(f))   15,252,000  
Gain on dividend distribution (Note 3(f)) 589,000    
Gain/(loss) from equity method investments (Note 3(c)) 894,000 (333,000) (1,110,000)
Total other expenses, net (23,634,000) (6,124,000) (21,522,000)
Net income/(loss) 119,063,000 57,394,000 (134,197,000)
Dividends on series B preferred shares (Notes 9(b) and 12) (5,769,000) (5,769,000) (5,769,000)
Net income/(loss) attributable to common stockholders $ 113,294,000 $ 51,625,000 $ (139,966,000)
Earnings/(loss) per common share, basic (Note 12) $ 1.42 $ 0.64 $ (1.62)
Earnings/(loss) per common share, diluted (Note 12) $ 1.36 $ 0.61 $ (1.62)
Weighted average number of common shares outstanding, basic (Note 12) 80,061,040 81,121,781 86,143,556
Weighted average number of common shares outstanding, diluted (Note 12) 83,318,901 84,856,840 86,143,556