Entity Addresses, Address Type [Axis]
Business Contact [Member]
Long-term Debt, Type [Axis]
8.30% 2022 Notes [Member]
Long-term Debt [Member]
Capital Lease Obligations [Member]
Equity Components [Axis]
Preferred Stock [Member]
Common Stock [Member]
Treasury Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Long-Lived Tangible Asset [Axis]
Songa Vessels [Member]
E.R. Vessels [Member]
Delphin Vessels [Member]
Eneti Vessels [Member]
Statistical Measurement [Axis]
Minimum [Member]
Maximum [Member]
Combined carrying capacity [Member]
Gargantua [Member]
Star Gina 2GR [Member]
Maharaj [Member]
Goliath [Member]
Star Leo [Member]
Star Laetitia [Member]
Star Ariadne [Member]
Star Virgo [Member]
Star Libra [Member]
Star Sienna [Member]
Star Marisa [Member]
Star Karlie [Member]
Star Eleni [Member]
Star Magnanimus [Member]
Debbie H [Member]
Star Ayesha [Member]
Katie K [Member]
Leviathan [Member]
Peloreus [Member]
Star Claudine [Member]
Star Ophelia [Member]
Star Pauline [Member]
Star Martha [Member]
Pantagruel [Member]
Star Borealis [Member]
Star Polaris [Member]
Star Lyra [Member]
Star Bueno [Member]
Star Borneo [Member]
Star Marilena [Member]
Star Marianne [Member]
Star Janni [Member]
Star Angie [Member]
Big Fish [Member]
Kymopolia [Member]
Star Triumph [Member]
Star Scarlett [Member]
Star Audrey [Member]
Big Bang [Member]
Star Paola [Member]
Star Eva [Member]
Star Vega [Member]
Star Sirius [Member]
Madredeus [Member]
Amami [Member]
Star Aphrodite [Member]
Star Piera [Member]
Star Despoina [Member]
Star Kamila [Member]
Star Electra [Member]
Star Angelina [Member]
Star Gwyneth [Member]
Star Luna [Member]
Star Bianca [Member]
Star Maria [Member]
Pendulum [Member]
Star Markella [Member]
Star Jeanette [Member]
Star Danai [Member]
Star Elizabeth [Member]
Star Pavlina [Member]
Star Georgia [Member]
Star Sophia [Member]
Star Mariella [Member]
Star Moira [Member]
Star Renee [Member]
Star Jennifer [Member]
Star Laura [Member]
Star Mona [Member]
Star Nasia [Member]
Star Astrid [Member]
Star Helena [Member]
Star Nina [Member]
Star Alessia [Member]
Star Calypso [Member]
Star Suzanna [Member]
Star Charis [Member]
Mercurial Virgo [Member]
Stardust [Member]
Star Sky [Member]
Star Lambada [Member]
Star Capoeira [Member]
Star Carioca [Member]
Star Macarena [Member]
Star Lydia [Member]
Star Nicole [Member]
Star Virginia [Member]
Star Genesis [Member]
Star Flame [Member]
Star Iris [Member]
Star Emily [Member]
Idee Fixe [Member]
Roberta [Member]
Laura [Member]
Star Athena [Member]
Kaley [Member]
Kennadi [Member]
Mackenzie [Member]
Star Apus [Member]
Star Bovarius [Member]
Star Subaru [Member]
Star Wave [Member]
Star Challenger [Member]
Star Fighter [Member]
Honey Badger [Member]
Star Lutas [Member]
Wolverine [Member]
Star Antares [Member]
Star Monica [Member]
Star Aquarius [Member]
Star Pisces [Member]
Star Glory [Member]
Star Pyxis [Member]
Star Hydrus [Member]
Star Cleo [Member]
Diva [Member]
Star Centaurus [Member]
Star Hercules [Member]
Star Pegasus [Member]
Star Cepheus [Member]
Star Columba [Member]
Star Dorado [Member]
Star Aquila [Member]
Star Bright [Member]
Strange Attractor [Member]
Star Omicron [Member]
Star Zeta [Member]
Star Theta [Member]
Vessels in operation
Customer [Axis]
Charterer A [Member]
Charterer B [Member]
Property Subject to or Available for Operating Lease [Axis]
Charter In Vessels [Member]
Real Estate, Type of Property [Axis]
Office Building [Member]
Office Rent Payments [Member]
Related Party [Axis]
Oceanbulk Maritime and its affiliates [Member]
Interchart [Member]
AOM [Member]
Starocean [Member]
Coromel Maritime Limited [Member]
Product Shipping and Trading S.A. [Member]
Combine Marine Ltdt [Member]
Management [Member]
Augustea Technoservices Ltd. and affiliates [Member]
Iblea Ship Management Limited [Member]
Eagle Bulk [Member]
Augustea Technoservices Ltd. [Member]
Hartree Marine Fuels LLC [Member]
Executive Officer [Member]
Directors [Member]
Combine Marine Ltd. and Alma Properties [Member]
Songa Shipmanagement Ltd. [Member]
AOM [Member]
AOM [Member] [Default Label]
Sydelle [Member]
Business Acquisition [Axis]
Related Party Transaction [Axis]
Services Agreement [Member]
Scenario [Axis]
Non - Employee Directors [Member]
Chairman of Audit Committee [Member]
Audit Committee Member [Member]
Attendance Of Meetings [Member]
Combine Marine Ltd [Member]
Currency [Axis]
Euro Member Countries, Euro
Alma Properties [Member]
Legal Entity [Axis]
Oaktree Capital Management L.P. [Member]
Oaktree Shareholder Agreement [Member]
Beneficial ownership of 40% ore more [Member]
Beneficial Ownershio of 25% or more but less than 40% [Member]
Beneficial Ownership of 15% or more but less than 25% [Member]
Beneficial ownership of 5% or more but less than 15% [Member]
Held By Local Entrepreneurs [Member]
First Vessel [Member]
Second Vessel [Member]
Piraeus Bank S. A. [Member]
CCL Pool [Member]
Cost [Member]
Accumulated depreciation [Member]
Net Book Value [Member]
Collateral Held [Axis]
First-priority mortgage [Member]
Lease Agreements [Member]
Second-priority mortgage [Member]
Star Marilena, Star Bueno and Star Borneo [Member]
Eneti Acquisition Vessels [Member]
Eneti Warrant [Member]
Star Bovarius Star Subaru Star Capoeira Star Carioca Star Lambada And Star Macarena [Member]
Kamsarmax Vessels [Member]
Star Elizabeth I [Member]
Star Pavlina I [Member]
Star Gamma And Star Anna [Member]
Counterparty Name [Axis]
CMBL [Member]
Laura, Idee Fixe, Roberta, Kaley, Star Sirius and Star Vega [Member]
New Yangzijiang [Member]
Four Vessels [Member]
Lender Name [Axis]
DNB $310,000 Facility [Member]
Laura, Idee Fixe, Roberta, Kaley, Diva, Star Sirius and Star Vega [Member]
SK Shipholding S.A. [Member]
Sinosure Credit Facility [Member]
SPDB Financial Leasing Co. Ltd [Member]
Mackenzie, Kennadi, Honey Badger, Wolverine and Star Antares [Member]
ICBC Financial Leasing Co. Ltd [Member]
Gargantua Goliath And Maharaj [Member]
NIBC [Member]
Ocean Trust Co. Ltd. [Member]
Kyowa Sansho Co. Ltd. [Member]
Kyowa Sansho Co. Ltd [Member]
Delphin Scrubbers [Member]
Financing Lease [Member]
SEB $39,000 Facility [Member]
NBG $125,000 Facility [Member]
ING $210,600 Facility [Member]
DNB $107,500 Facility [Member]
Credit Agricole $43,000 Facility,Piraeus Bank $50,350 and Bank of Tokyo Facility [Member]
ABN AMRO $97,150 Facility [Member]
Citibank $130,000 Facility [Member]
Credit Facility [Axis]
Tranche A [Member]
Tranche B [Member]
Credit Agricole $62,000 Facility [Member]
Alpha Bank $35,000 Facility and BNP Facility [Member]
Attradius Facility [Member]
First three installments [Member]
Following seventeen installments [Member]
HSBC Working Capital Facility [Member]
DSF $55,000 Facility [Member]
Tranche A and B [Member]
Derivative Instrument [Axis]
Interest Rate Swap [Member]
ING $170,600 Facility [Member]
First Two Tranches [Member]
Additional Two Tranches [Member]
Tranche E [Member]
Tranche F [Member]
Tranche E and F [Member]
Final Two Tranches [Member]
NTT Facility $17,600 [Member]
CEXIM [Member]
Remaining Two Tranches [Member]
SEB Facility [Member]
Debt Instrument, Redemption, Period [Axis]
First 10 Quarters [Member]
Remaining 14 Quarters [Member]
Tranche C [Member]
Tranche D [Member]
Remaining two tranches [Member]
E SUN Facility [Member]
Atradius Facility [Member]
Three Tranches [Member]
Last Tranche [Member]
Citibank $62,600 Facility [Member]
CTBC Facility [Member]
NTT Facility [Member]
NIBC $32,000 Facility [Member]
CEXIM $106,470 Facility [Member]
HSBC $80,000 Facility [Member]
HSH Nordbank $64,500 Facility and HSBC $86,600 Facility
ABN $115,000 Facility [Member]
Cash and Cash Equivalents [Axis]
Not Legally Restricted [Member]
Legally restricted [Member]
Share Repurchase Program [Axis]
Share Repurchase Program [Member]
Sale of Stock [Axis]
Open Market Transactions [Member]
Private Transaction [Member]
Star Marianne And Star Janni [Member]
New Share Repurchase Program [Member]
Eneti Warrant [Member]
Eneti Warrant [Member] [Default Label]
Secondary Offering [Member]
Oaktree Capital Management L.P. [Member]
Oaktree Capital Management L.P. [Member] [Default Label]
Sales Agents [Member]
Award Type [Axis]
Restricted Stock Units (RSUs) [Member]
Plan Name [Axis]
2019 Equity Incentive Plan [Member]
Vesting [Axis]
Vest in August 2022 [Member]
2020 Equity Incentive Plan [Member]
Vest in May 2021 [Member]
Vest in May 2023 [Member]
Equity Incentive Plan 2021 [Member]
Vest In September 2021 [Member]
Vest In June 2022 [Member]
Vest In June 2024 [Member]
Share-based Payment Arrangement, Option [Member]
Other Commitments [Axis]
Future, minimum, non-cancellable charter revenue (1) [Member]
Finite-Lived Intangible Assets by Major Class [Axis]
Vessel BWTS (3) [Member]
Liability Class [Axis]
Commitments [Member]
Time charters [Member]
Voyage charters [Member]
Pool adjustment [Member]
Revenue Contracts [Member]
Vessels Operating in CCL Pool [Member]
Vessels Operating In Short Pool [Member]
Vessels Operating With Other Parties [Member]
ING [Member]
Initial Notional [Member]
Current Notional [Member]
ING 2 [Member]
ING 3 [Member]
SEB [Member]
Citi [Member]
Citi 2 [Member]
Citi 3 [Member]
Citi 4 [Member]
Citi 5 [Member]
Citi 6 [Member]
Citi 7 [Member]
ING July 20 [Member]
SEB 3 [Member]
ABN [Member]
NBG [Member]
Forecast [Member]
Forward Freight Agreements [Member]
Bunker Swaps [Member]
Fair Value Hierarchy and NAV [Axis]
Fair Value, Inputs, Level 1 [Member]
Hedging Designation [Axis]
Not Designated as Hedging Instrument [Member]
Financial Instrument [Axis]
Derivative [Member]
Fair Value, Inputs, Level 2 [Member]
Designated as Hedging Instrument [Member]
Measurement Frequency [Axis]
Fair Value, Nonrecurring [Member]
Vessels Net [Member]
Subsequent Event Type [Axis]
Subsequent Event [Member]
Entity Addresses [Table]
Document Information [Line Items]
Document Type
Amendment Flag
Amendment Description
Document Registration Statement
Document Annual Report
Document Quarterly Report
Document Transition Report
Document Shell Company Report
Document Shell Company Event Date
Document Period Start Date
Document Period End Date
Document Fiscal Period Focus
Document Fiscal Year Focus
Current Fiscal Year End Date
Entity File Number
Entity Registrant Name
Entity Central Index Key
Entity Primary SIC Number
Entity Tax Identification Number
Entity Incorporation, State or Country Code
Entity Address, Address Line One
Entity Address, Address Line Two
Entity Address, Address Line Three
Entity Address, City or Town
Entity Address, State or Province
Entity Address, Country
Entity Address, Postal Zip Code
Country Region
City Area Code
Local Phone Number
Extension
Written Communications
Soliciting Material
Pre-commencement Tender Offer
Pre-commencement Issuer Tender Offer
Title of 12(b) Security
No Trading Symbol Flag
Trading Symbol
Security Exchange Name
Title of 12(g) Security
Security Reporting Obligation
Annual Information Form
Audited Annual Financial Statements
Entity Well-known Seasoned Issuer
Entity Voluntary Filers
Entity Current Reporting Status
Entity Interactive Data Current
Entity Filer Category
Entity Small Business
Entity Emerging Growth Company
Elected Not To Use the Extended Transition Period
Document Accounting Standard
Other Reporting Standard Item Number
Entity Shell Company
Entity Public Float
Entity Bankruptcy Proceedings, Reporting Current
Entity Common Stock, Shares Outstanding
Documents Incorporated by Reference [Text Block]
Contact Personnel Name
ICFR Auditor Attestation Flag
Auditor Firm ID
Auditor Name
Auditor Location
Statement of Financial Position [Abstract]
ASSETS
CURRENT ASSETS
Cash and cash equivalents
Cash and Cash Equivalents, at Carrying Value
Restricted cash, current (Notes 7 and 17)
Restricted Cash and Cash Equivalents, Current
Restricted cash, current
Trade accounts receivable, net
Inventories (Note 4)
Total
Due from managers
Due from related parties (Note 3)
Due from related parties
Prepaid expenses and other receivables
Derivatives, current asset portion (Note 17)
Derivative Asset, Current
Other current assets (Note 15)
Other Assets, Current
Total Current Assets
Assets, Current
FIXED ASSETS
Vessels and other fixed assets, net (Note 5)
This element represents vessels and other fixed assets, net of accumulated depreciation.
Total Fixed Assets
Balance, period start
Balance, period end
Property, Plant and Equipment, Net
OTHER NON-CURRENT ASSETS
Long term investment (Note 3)
Restricted cash, non-current (Notes 7 and 17)
Operating leases, right-of-use assets (Note 2)
Operating Lease, Right-of-Use Asset
Derivatives, non-current asset portion (Note 17)
Derivative Asset, Noncurrent
Other non-current assets
TOTAL ASSETS
Assets
LIABILITIES & SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Current portion of long-term bank loans (Note 7)
Current portion of long term bank loans
Lease financing short term (Note 6)
Accounts payable
Due to managers
Due to related parties (Note 3)
Due to related parties
Accrued liabilities (Note 12)
Total Accrued Liabilities
Derivatives, current liability portion (Note 17)
Derivative Liability, Current
Derivatives, current liability portion
Deferred revenue
Deferred Revenue, Current
Total Current Liabilities
Liabilities, Current
NON-CURRENT LIABILITIES
8.30% 2022 Notes, net of unamortized notes issuance costs of $768 as of December 31, 2020 (Note 7) 0
Long-term bank loans, net of current portion and unamortized loan issuance costs of $13,761 and $10,853, as of December 31, 2020 and 2021, respectively (Note 7)
Long term bank loans, net of current portion and unamortized loan issuance costs
Lease financing long term, net of unamortized lease issuance costs of $6,181 and $5,318, as of December 31, 2020 and 2021, respectively (Note 6)
Derivatives, non-current liability portion (Note 17)
Derivatives, non-current liability portion
Fair value of below market time charters acquired
Operating lease liabilities (Note 2)
Operating Lease, Liability, Noncurrent
Other non-current liabilities
TOTAL LIABILITIES
Liabilities
COMMITMENTS & CONTINGENCIES (Note 14)
SHAREHOLDERS' EQUITY
Preferred Shares; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2020 and 2021, respectively (Note 8)
Common Shares, $0.01 par value, 300,000,000 shares authorized; 97,146,687 shares issued and 97,139,716 shares (net of treasury shares) outstanding as of December 31, 2020; 102,294,758 shares issued and outstanding as of December 31, 2021 (Note 8)
Additional paid in capital
Treasury shares (6,971 and nil 0shares at December 31, 2020 and 2021, respectively)
Treasury Stock, Value
Accumulated other comprehensive income/(loss)
Accumulated deficit
Total Shareholders' Equity
Beginning balance, value
Ending balance, value
Stockholders' Equity Attributable to Parent
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities and Equity
Schedule of Long-term Debt Instruments [Table]
Statement [Line Items]
Debt Issuance Costs, Net
Unamortized lease issuance costs
Preferred Stock, Par or Stated Value Per Share
Preferred Stock, Shares Authorized
Preferred Stock, Shares Issued
Preferred Stock, Shares Outstanding
Common Stock, Par or Stated Value Per Share
Common Shares - Par Value
Common Stock, Shares Authorized
Common Shares - Shares Authorized
Common Stock, Shares, Issued
Beginning balance, shares
Ending balance, shares
Common Stock, Shares, Outstanding
Treasury Stock, Shares
Income Statement [Abstract]
Revenues:
Voyage revenues (Note 15)
Revenues
Expenses
Voyage expenses (Notes 3 and 16)
Voyage expenses
Total voyage expenses
Costs relating to the voyages performed by the vessels and may include port, canal, bunker expenses, commissions and other.
Charter-in hire expenses (Note 3)
Charter - in hire expenses
Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
Vessel operating expenses (Note 16)
Total vessel operating expenses
Dry docking expenses
Depreciation (Note 5)
- Depreciation for the period
Management fees (Notes 3 and 9)
Management fees
Management fees
General and administrative expenses (Note 3)
General and administrative expenses
Impairment loss (Notes 5 and 17)
Impairment loss (Note 5)
Asset Impairment Charges
(Gain)/Loss on time charter agreement termination
Gain (Loss) on Termination of Lease
Other operational loss
Other operational gain
Other Nonrecurring Gain
Provision for doubtful debts
Provision for doubtful debt
(Gain)/Loss on forward freight agreements and bunker swaps, net (Note 17)
Total Gain/(loss) recognized
(Gain)/Loss on sale of vessels (Note 5)
Loss / (gain) on sale of vessels (Note 5)
Gain (Loss) on Disposition of Property Plant Equipment
Total operating expenses
Costs and Expenses
Operating income / (loss)
Operating Income (Loss)
Other Income/ (Expenses):
Interest and finance costs (Note 7)
Interest and finance costs
Interest Expense
Interest and other income/(loss)
Loss on debt extinguishment (Note 7)
Loss on debt extinguishment (Note 7)
Total other expenses, net
Other Nonoperating Income (Expense)
Income / (loss) before taxes and equity in income of investee
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
Income taxes (Note 13)
Income tax
Income Tax Expense (Benefit)
Income/(Loss) before equity in income of investee
Amount after tax of income (loss) from continuing operations before addition of income (loss) from equity method investments.
IncomeLossFromContinuingOperationsBeforeIncomeLossFromEquityMethodInvestments
Equity in income / (loss) of investee
Equity in income / (loss) of investee
Net income/(loss)
Net income / (loss)
Net income / (loss)
Earnings / (Loss) per share, basic
Basic earnings / (loss) per share
Earnings / (Loss) per share, diluted
Diluted earnings / (loss) per share
Weighted average number of shares outstanding, basic (Note 11)
Weighted average common shares outstanding, basic
Weighted average number of shares outstanding, diluted (Note 11)
Weighted average common shares outstanding, diluted
Other comprehensive income / (loss):
Unrealized gain / (loss) from hedging interest rate swaps recognized in Other comprehensive income/(loss) before reclassifications
Less:
Reclassification adjustments of interest rate swap gain/(loss)
Amount after tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss)
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax1
Other comprehensive income / (loss)
Other comprehensive income / (loss)
Total comprehensive income / (loss)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
Statement [Table]
Offering expenses
Specific incremental costs directly attributable to a proposed or actual offering of securities.
OfferingExpenses
Cancellation of treasury stock (Note 8)
Cancellation of treasury stock (Note 8)
Treasury Stock, Shares, Retired
Issuance of vested and non-vested shares and amortization of share-based compensation (Note 10)
Stock issued during period, share based compensation
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture
Issuance of vested and non-vested shares and amortization of share-based compensation (Note 10)
The total value of vested and non-vested shares issued during the period and the total amount of stock based compensation amortized.
IssuanceVestedNonVestedSharesAmortizationStockBasedCompensationValue
Dividend declared and paid $0.05 and $0.05 per share in 2019 and 2020, respectively and dividend declared $2.25 per share in 2021 (Note 8)
Dividends, Common Stock
Acquisition of Vessel, value
Treasury Stock, Value, Acquired, Cost Method
Acquisition of vessels (Note 8)
Acquisition of vessels (Note 8)
Stock Issued During Period, Value, Acquisitions
Purchase of treasury stock (Note 8)
Shares cancelled
Purchase of treasury stock (Note 8)
Purchase of treasury stock
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared
Statement of Cash Flows [Abstract]
Cash Flows from Operating Activities:
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:
Amortisation of fair value of above market time charters
Amortisation of fair value of below market time charters
Amortization of Below Market Lease
Amortization of debt (loan, lease & notes) issuance costs (Note 7)
Amortization of debt (loan, lease & notes) issuance costs
Share-based compensation (Note 10)
Share-based Payment Arrangement, Noncash Expense
Change in fair value of forward freight derivatives and bunker swaps (Note 17)
Unrealized Gain (Loss) on Derivatives
Other non-cash charges
Other Noncash Income (Expense)
Gain on hull and machinery claims
This element represents the gain arising from insurance claims.
GainFromInsuranceClaim
(Increase)/Decrease in:
Trade accounts receivable
Increase (Decrease) in Accounts Receivable
Inventories
Increase (Decrease) in Inventories
Prepaid expenses and other receivables
Increase (Decrease) in Prepaid Expense and Other Assets
Increase (Decrease) in Prepaid Expense and Other Assets
Derivatives asset
Increase (Decrease) in Derivative Assets
Due from related parties
Increase (Decrease) in Due from Related Parties, Current
Due from managers
Increase (Decrease) in Other Receivables
Other non-current assets
Increase (Decrease) in Other Noncurrent Assets
Increase/(Decrease) in:
Accounts payable
Increase (Decrease) in Accounts Payable, Trade
Due to related parties
Accrued liabilities
Due to managers
Increase (Decrease) in Other Accounts Payable
Deferred revenue
Increase (Decrease) in Deferred Revenue
Net cash provided by / (used in) Operating Activities
Net Cash Provided by (Used in) Operating Activities
Cash Flows from Investing Activities:
Advances for vessels & vessel upgrades and other fixed assets
Payments to Acquire Property, Plant, and Equipment
Cash proceeds from vessel sales (Note 5)
Hull and machinery insurance proceeds
Net cash provided by / (used in) Investing Activities
Net Cash Provided by (Used in) Investing Activities
Cash Flows from Financing Activities:
Proceeds from bank loans, leases and notes
Loan and lease prepayments and repayments
Repayment of debt
Repayments of Debt
Financing and debt extinguishment fees paid
Payments of Financing Costs
Dividends paid (Note 8)
Payments of Ordinary Dividends, Common Stock
Offering expenses paid related to the issuance of common stock
Payments of Stock Issuance Costs
Repurchase of common shares
Payments for Repurchase of Common Stock
Net cash provided by / (used in) Financing Activities
Net Cash Provided by (Used in) Financing Activities
Net increase/(decrease) in cash and cash equivalents and restricted cash
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
Cash and cash equivalents and restricted cash at beginning of period
Cash and cash equivalents and restricted cash at end of period
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
Cash paid during the period for:
Interest
Non-cash investing and financing activities:
Shares issued in connection with vessel acquisitions
Vessel upgrades
The amount of noncash investment for vessel upgrades.
Assumed debt upon acquisition
Right-of use assets and lease obligations for charter-in contracts
Amount of lessee's right to use underlying asset under operating lease obligations.
Dividends declared but not paid
Non cash outflow in the form of dividends.Outstanding carrying value as of the balance sheet date of dividends declared but unpaid by the entity.
Reconciliation of (a) cash and cash equivalents, and restricted cash reported within the consolidated balance sheets to (b) the total amount of such items reported in the statements of cash flows:
Restricted cash, current (Note 7)
Restricted cash, non-current (Note 7)
Cash and cash equivalents and restricted cash at end of period shown in the statement of cash flows
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and General Information
Accounting Policies [Abstract]
Significant Accounting policies
Related Party Transactions [Abstract]
Transactions with Related Parties
Inventory Disclosure [Abstract]
Inventories
Property, Plant and Equipment [Abstract]
Vessels and other fixed assets, net
Lease Financing
Lease financing
Debt Disclosure [Abstract]
Long-term bank loans
Equity [Abstract]
Preferred, Common Shares and Additional paid in capital
Management Fees
Management fees
The entire disclosure for management fees.
Share-based Payment Arrangement [Abstract]
Equity Incentive Plans
Earnings Per Share [Abstract]
Earnings / (Loss) per share
Payables and Accruals [Abstract]
Accrued liabilities
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
Income Tax Disclosure [Abstract]
Income taxes
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
Revenue from Contract with Customer [Abstract]
Voyage revenues
Voyage And Vessel Operating Expenses
Voyage And Vessel Operating Expenses - Voyage Expenses Table
Voyage And Vessel Operating Expenses - Vessel Operating Expenses Table
Voyage and Vessel operating expenses
The entire disclosure for Voyage expenses (Port charges, bunkers, commissions charged by third parties, commissions charged by related parties) and Vessel Operating expenses (crew wages and related costs, insurances, repairs, spares and maintenance, consumable stores, tonnage taxes, miscellaneous).
Fair Value Disclosures [Abstract]
Fair Value Measurements and Hedging
Subsequent Events [Abstract]
Subsequent Events
Principles of consolidation
Equity method investments
Use of estimates
Comprehensive income/(loss)
Concentration of credit risk
Foreign currency transactions
Cash and cash equivalents
Cash and Cash Equivalents, Policy [Policy Text Block]
Restricted cash
Trade accounts receivable, net
Receivable [Policy Text Block]
Inventories
Inventory, Policy [Policy Text Block]
Vessels, net
Advances for vessels under construction and acquisition of vessels
Disclosure of accounting policy for advances for vessels under construction.
Fair value of above/below market acquired time charters
Impairment of long-lived assets
Vessels held for sale
Disclosure of accounting policy for vessels held for sale.
Evaluation of purchase transactions
Financing costs
Share based compensation
Dry docking and special survey expenses
Disclosure of accounting policy for dry docking costs.
Accounting for revenue and related expenses
Disclosure of accounting policy regarding recognition of revenue and related expenses.
Fair value measurement
Earnings / (loss) per share
Segment reporting
Leases
Derivatives & Hedging
Taxation
Offering costs
Disclosure of accounting policy for offering costs that are expensed during the period or presented against paid-in capital.
Share repurchases
Basis of Presentation and General information - List of subsidiaries (Table)
Tabular disclosure of the entity's subsidiaries.
List of Non-vessel owning subsidiaries
Basis of Presentation and General Information - Charter Revenue Percentage (Table)
Significant Accounting policies - Operating Lease, Time Charter- in Payments (Table)
Significant Accounting policies - Operating Lease, Payments for office rental (Table)
Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.
Transactions with Related Parties - Balance Sheets (Table)
Transactions with Related Parties - Statements of Operations (Table)
Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.
Inventories (Table)
Vessels and other fixed assets net - Schedules of vessels and other fixed assets, net (Table)
Lease financing - Capital lease obligations, Principal payments (Table)
Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.
Long-term bank loans - Principal repayments (Table)
Long-term bank loans - Interest and finance costs (Table)
Tabular disclosure of interest and finance costs.
Equity Incentive Plans - Summary of non-vested restricted share options (Table)
Equity Incentive Plans - Summary of non-vested share options (Table)
Earnings / (Loss) per share (Table)
Accrued liabilities (Table)
Commitments and Contingencies - Charter party arrangements (Table)
Commitments and Contingencies - Other commitments (Table)
Voyage revenues (Table)
Voyage and Vessel operating expenses - Voyage expenses (Table)
Tabular disclosure for Voyage expenses (Port charges, bunkers, commissions charged by third parties, commissions charged by related parties).
Voyage and Vessel operating expenses - Vessel operating expenses (Table)
Tabular disclosure for Vessel Operating expenses (crew wages and related costs, insurances, repairs, spares and maintenance, consumable stores, tonnage taxes, miscellaneous).
Fair Value Measurements and Hedging - Schedule of Derivative Instrument
Fair Value Measurements and Hedging - Derivative instruments effect on statement of operations (Table)
Fair Value Measurements and Hedging - Fair value on a recurring basis - Quoted Prices in Active Markets (Table)
Fair Value Measurements and Hedging - Fair value on a recurring basis - Significant Other Observable Inputs (Table)
Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).
Fair Value Measurements and Hedging - Fair value measurements on a nonrecurring basis (Table)
Property, Plant and Equipment [Table]
Property, Plant and Equipment [Line Items]
DWT
The vessel's capacity in deadweight tonnage.
Delivery Date
The date of the vessel delivery to the Company.
Year Built
The year that the vessel was built.
Concentration Risk [Line Items]
Concentration Risk, Percentage
For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.
Date of Incorporation
Number of vessels owned
Number of vessels owned by the Company.
Vessel capacity
The vessel's capacity in deadweight tonnage.
December 31, 2022
December 31, 2023
December 31, 2024
December 31, 2025
December 31, 2026
December 31, 2027 and thereafter
Total time charter-in payments
Total office rent payments
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, by Property [Table]
Depreciation method
Useful life
Salvage value per light weight ton
The estimated vessels' salvage value per lightweight ton.
Revenue recognition method
A description of the revenue recognition method.
Operating Lease, Weighted Average Discount Rate, Percent
Lessee, Operating Lease, Description
Operating lease expense recognition method
A description of the operating lease expense recognition method.
Operating Lease, Weighted Average Remaining Lease Term
Operating lease expense
Office rent
Schedule of Related Party Transactions, by Related Party [Table]
Related Party Transaction [Line Items]
Due from related parties
Due to related parties
Voyage revenues
Related Party Transaction, Expenses from Transactions with Related Party
Consultancy fees
Consultancy fees
The fees related to receiving management consultancy services during the reporting period.
Consultancy fees [Default Label]
Directors compensation
Expenditures for compensation for non executive officers.Examples include, but not limited to, Board of Director's attendance fees.
Business Acquisition, Percentage of Voting Interests Acquired
Monthly lump sum fee
Monthly lump fee payable to Interchart, as part of the Services Agreement for brokering and commercial services.
Expiration date of agreement
Consultancy fees
The aggregate consultancy fees related to executive officers of the Company.
Rent expense per month
The monthly rent expense.
Foreign Currency Exchange Rate, Translation
Lease expiration date
Date which lease or group of leases is set to expire, in YYYY-MM format.
Lessee, Operating Lease, Term of Contract
Number of directors
The number of directors constituting the Board of Directors.
Voting percentage
Vessels acquired
Number of vessels acquired
Number of vessels acquired
Ownership percentage
Equity method investment
Charter-in hire daily rate
The gross daily charter-in rate.
Charter-out hire daily rate
The gross daily charter out rate.
Line of Credit Facility, Maximum Borrowing Capacity
Maximum borrowing capacity
Maturity date
Date when the debt instrument is scheduled to be fully repaid, in YYYY-MM format.
Debt Conversion, Converted Instrument, Amount
Lubricants
Carrying amount as of the balance sheet date of lubricants' inventory.
Bunkers
Carrying amount as of the balance sheet date of bunker's inventory.
Balance, period start
Balance, period end
Property, Plant and Equipment, Gross
Balance, period start
Balance, period end
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment
- Acquisitions, improvements and other vessel costs
Purchase price
Debt Instrument, Collateral Amount
Number of operating vessels acquired
The number of operating vessels acquired by the Company.
Number of shares issued as part of the consideration
Class of Warrant or Right, Number of Securities Called by Warrants or Rights
Exercise price
Debt Instrument [Line Items]
December 31, 2022
Long-Term Debt, Maturity, Year One
December 31, 2023
Long-Term Debt, Maturity, Year Two
December 31, 2024
Long-Term Debt, Maturity, Year Three
December 31, 2025
Long-Term Debt, Maturity, Year Four
December 31, 2026
Long-Term Debt, Maturity, Year Five
December 31, 2027 and thereafter
Long-Term Debt, Maturity, after Year Five
Total bareboat lease minimum payments
Total Long term bank loans
Long-term Debt, Gross
Loan's book value
Total bareboat lease minimum payments, net
Total Long term bank loans, net
Lease financing short term
Lease financing long term, net of unamortized lease issuance costs
Finance Lease, Liability
Finance lease payments per vessel
The amount of cash outflow per vessel paid by the Company to the lessors as security for its obligations.
Sale Leaseback Transaction, Gross Proceeds, Financing Activities
Amount of cash inflow before closing and debt issuance costs received by a seller-lessee in a sale-leaseback recognized in financing activities.
Repayment of lease liabilities
Extinguishment of Debt, Amount
Sale Leaseback Transaction, Lease Terms
Vessel purchase price obligation
Purchase price payable at the end of the bareboat charter.
Number of repayment installments
Number of repayment installments of a credit facility agreement.
Frequency of periodic payment
Debt Instrument, Frequency of Periodic Payment
Debt instrument, prepayment amount
Amount of debt prepaid.
Unamortized loan issuance costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net
Interest on financing agreements
Less: Interest capitalized
Interest Costs Capitalized Adjustment
Reclassification adjustments of interest rate swap loss/(gain) transferred to Interest and finance costs from Other Comprehensive Income (Note 17)
Reclassification adjustments of interest rate swap loss/(gain) transferred to Interest and finance costs from Other comprehensive income/(loss) (Note 7)
Other bank and finance charges
Other bank and financial services costs incurred during the reporting period.
Line of Credit Facility [Table]
Line of Credit Facility [Line Items]
Line of Credit Facility, Initiation Date
Amount drawn down
Line of Credit Facility, Description
Repayment installment
Number of repayment installments of a credit facility agreement.
Frequency of payments
Line of Credit Facility, Periodic Payment
Expiration date
Date the credit facility terminates, in YYYY-MM format.
Line of Credit Facility, Collateral
Balloon installment
Number of Loan Tranches
The number of tranches under the credit facility.
Debt Instrument, Description of Variable Rate Basis
Debt Instrument, Interest Rate, Stated Percentage
Derivative, Term of Contract
Derivative, Description of Terms
Line of Credit Facility, Increase (Decrease), Net
Number of vessels financed by debt instrument
The number of vessels financed by the debt instrument.
Debt Instrument, Face Amount
Debt Instrument, Maturity Date
Debt Instrument, Redemption Price, Percentage
Debt Instrument, Covenant Compliance
Long-term Debt, Weighted Average Interest Rate, at Point in Time
Debt Instrument, Unused Borrowing Capacity, Fee
Write off of Deferred Debt Issuance Cost
Expenses on debt prepayments
The amount of expenses relate to long-term debt prepaymets.
ExpensesOnDebtPrepayments
Gain amount from valuation instrument
The amount representing the valuation of the interest rate swaps on the termination date, received by the company
Gain on hedging instrument
The amount representing the cumulative gain on the hedging instrument on the de-designation date.
Accumulated Other Comprehensive Income (Loss) [Table]
Stock repurchase program, authorized amount
Common shares repurchased
Common shares repurchased, Average price per Share
Cash dividend
Dividend per share
Number of shares sold
Number of shares sold as part of secondary offering.
Price per share, sold
Number of offering programs
Offering price per program
Payments of dividends outstanding
The amount of cash dividends outstanding.
Unvested at beginning of period
Unvested at end of period
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number
Unvested at beginning of period
Unvested at end of period
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value
Granted
Number of shares granted
Granted
Grant date fair value
Vested
Number of shares vested during the period
Vested
Number of options - balance
Weighted average exercise price - balance
Weighted Average Grant Date Fair Value - balance
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares authorized
Number of tranches
Number of tranches for issuance of restricted shares.
Restricted common shares expected to vest
Vesting rights
Fleet performance indices
The amount that indicates the Company's fleet performance.
Vesting Date
RSUs shares
The number of equity-based payment instruments, excluding stock (or unit) options, that are subject to vest.
Amortization expense for RSUs expected to vest
Amortization expense reversed, included in General and administrative expenses
Reversed amount of expense for award under share-based payment arrangement. Excludes amount capitalized.
Cumulative Bunker Saving threshold
The cumulative Bunker Saving, above which the Board of Directors will award to key employees.
Award percentage
Percentage of annual Bunker Benefit, the value of which will be awarded as share-based payment arrangement.
Shares reserved for issuance
Dividend, Share-based Payment Arrangement, Cash
Number of options granted
Option exercise price
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount
Weighted average remaining term for non-vested restricted share awards
Total fair value of shares vested during the period
Dillutive effect of non vested shares
Number of anti-dilutive shares
Audit fees
Carrying value as of the balance sheet date of obligations incurred through that date and payable for accounting services received. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
Legal fees
Carrying value as of the balance sheet date of obligations incurred through that date and payable for legal services received. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
Other professional fees
Carrying value as of the balance sheet date of obligations incurred through that date and payable for other professional fees, excluding legal and accounting services received. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
Vessel Operating and voyage expenses
Carrying value as of the balance sheet date of obligations incurred through that date and payable for operating and voyage expenses. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
Loan and interest rate swaps interest and financing fees
Carrying value as of the balance sheet date of obligations incurred through that date and payable for loan interest and financing fees. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
Income tax
Tonnage taxes
Tonnage taxes (Note 13)
The tonnage taxes for the period.
Other Commitments [Table]
Other Commitments [Line Items]
Total
Total
Future minimum rental payments in aggregate as of the balance sheet date under operating leases.
2022
2022
Future rental payments receivable within one year of the balance sheet date under an operating lease.
Total
Total
Amount of contractual obligation, including but not limited to, long-term debt, capital lease obligations, operating lease obligations, purchase obligations, and other commitments.
ContractualObligation1
2022
2022
Amount of contractual obligation to be paid in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date.
ContractualObligationDueInNextTwelveMonths1
2023
Future rental payments receivable within the second year from the balance sheet date under an operating lease.
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears1
2024
Future rental payments receivable within the third year from the balance sheet date under an operating lease.
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears1
2023
Amount of contractual obligation to be paid in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date.
ContractualObligationDueInSecondYear1
2024
Amount of contractual obligation to be paid in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date.
ContractualObligationDueInThirdYear1
Revenues from External Customers and Long-Lived Assets [Line Items]
Voyage revenues
Revenues arising from services provided to charterers according to the terms and conditions included in charter agreements. Voyage revenues may include the amortization of above/below market acquired time charter.
Voyage revenues [Default Label]
Gross trade accounts receivable
Gross amount of trade accounts receivable, excluding the provision for doubtful debt.
Sublease Income
Port charges
Amounts charged by port authorities for the use of infrastructure.
Bunkers
Fuel Costs
Commissions – third parties
Commissions – related parties (Note 3)
Miscellaneous
Crew wages and related costs
Insurances
Maintenance, repairs, spares and stores
Lubricants
The cost of lubricants consumed during the period.
LubricantsExpense
Pre-delivery and Pre-joining expenses
The pre-delivery and pre-joining expenses incurred during the period.
Miscellaneous
Other Cost and Expense, Operating
Collaborative Arrangement and Arrangement Other than Collaborative [Table]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Inception
Expiry
Fixed Rate
Notional amount
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Interest and finance costs
Total Gain/(loss) recognized
The aggregate net effect in earnings due to derivatives.
GainLossOnDerivativeInstrumentsAggregateNetEffectInEarnings
Gain/(loss) on forward freight agreements and bunker swaps, net
Realized gain/(loss) on forward freight agreements and freight options
The realized gain / (loss) of forward freight agreements, held at each balance sheet date, that was included in earnings for the period.
Realized gain/(loss) on bunker swaps
The realized gain / (loss) of bunker swaps agreements, held at each balance sheet date, that was included in earnings for the period.
Unrealized gain/(loss) on forward freight agreements and freight options
The net change in the difference between the fair value, of forward freight agreements, held at each balance sheet date, that was included in earnings for the period.
Unrealized gain/(loss) on bunker swaps
The net change in the difference between the fair value, of bunker swaps, held at each balance sheet date, that was included in earnings for the period.
Fair Value, Recurring and Nonrecurring [Table]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset
Total
LIABILITIES
Derivative Liability
Total
Property, Plant, and Equipment, Fair Value Disclosure
Impairment, Long-Lived Asset, Held-for-Use
Schedule of Fair Value, Off-balance Sheet Risks [Table]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion
Debt Instrument, Fair Value Disclosure
Difference between book and fair value
The difference between the book and the fair value of the debt instrument payable.
Subsequent Event [Table]
Subsequent Event [Line Items]
Dividends Payable, Date Declared
Dividends Payable, Amount Per Share
Dividends Payable, Date to be Paid
Dividends Payable, Date of Record
Noncash effects of derivative financial instruments.
The fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.
Volume measured in metric tons.
The fixed bunker spread price under a bunker swap agreement.
Fair value as of the balance sheet date of bunker swaps derivative liabilities, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as liabilities.
Nominal or face amount used to calculate payment on derivative.
Amount of borrowing capacity currently available under the transaction involving the sale of property to another party and the lease of the property back to the seller.
Amount of decrease in accumulated depreciation, depletion and amortization as a result of impairment of property, plant and equipment.
Amount of fee for early prepayment of finance lease.
The entire disclosure for the asset or liability arising from the market value of the time charter assumed from a vessel acquisition or redelivery upon a time charter agreement termination.
Amount of interest expense on debt and finance lease liabilities.
Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.
The total financing that the company has secured under loan and lease agreements, in order to pay future commitments.
The proceeds from the financing premia refund.
Specific incremental costs directly attributable to a proposed or actual secondary offering of securities.
The entire disclosure for advances paid to yards and capitalized expenses for acquisition of vessels.
OtherOperationalGainTextBlock
Tabular disclosure for advances paid to yard and capitalized expenses for the acquisition of vessels.
The size of the vessel.
Amount of gain (loss) included in earnings for the period from the settlement of interest rate derivatives not designated as hedging instruments.
The amount of maintenance expenses for vessel scrubbers and BWTS incurred during the period.
The number of equity-based payment instruments, excluding stock (or unit) options, that are expected to vest.
Brokerage Commissions on contracted Charter Revenues.
The gross daily charter rate.
The percentage of coverage through foreign currency hedging.
The scrap value of vessels per light weight ton (LWT).
Amount of acquired leases at above market lease rate with a finite life.
The amount that indicates the cumulative Bunker Saving.
Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
A description of the terms of the lease(s) related to the assets being leased-back in connection with the transaction involving the sale of property to another party and the lease of the property back to the seller.
A description of the terms of the lease(s) related to the assets being leased-back in connection with the transaction involving the sale of property to another party and the lease of the property back to the seller.