|
Long-Term Debt (Details) (USD $)
|
0 Months Ended |
1 Months Ended |
7 Months Ended |
12 Months Ended |
1 Months Ended |
20 Months Ended |
1 Months Ended |
|
|
Jan. 07, 2015
|
Dec. 23, 2014
|
Jan. 31, 2011
|
Aug. 31, 2010
|
Mar. 04, 2011
|
Dec. 31, 2014
|
Dec. 31, 2010
|
Dec. 31, 2013
|
Mar. 31, 2011
|
Mar. 04, 2011
|
Dec. 31, 2010
|
Jan. 24, 2011
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt, including Comprehensive Financing Plan exit fee accrual and fair value of hedged debt |
|
|
|
|
|
2,951,120,000 |
|
3,112,103,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
178,116,000 |
|
146,462,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
2,773,004,000 |
|
2,965,641,000 |
|
|
|
|
| Comprehensive Financing Plan exit fee accrued |
|
|
|
|
|
11,862,000 |
|
8,117,000 |
|
|
|
|
| Fair value hedged debt |
|
|
|
|
|
1,006,000 |
|
1,580,000 |
|
|
|
|
| Hyundai Samho Vendor Financing |
|
|
|
|
|
|
|
|
|
|
|
|
| Current portion |
|
|
|
|
|
46,530,000 |
|
57,388,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
17,837,000 |
|
64,367,000 |
|
|
|
|
| Payment due by period ended |
|
|
|
|
|
|
|
|
|
|
|
|
| 2015 |
|
|
|
|
|
178,116,000 |
|
|
|
|
|
|
| 2016 |
|
|
|
|
|
268,467,000 |
|
|
|
|
|
|
| 2017 |
|
|
|
|
|
294,041,000 |
|
|
|
|
|
|
| 2018 |
|
|
|
|
|
2,136,608,000 |
|
|
|
|
|
|
| 2019 |
|
|
|
|
|
20,340,000 |
|
|
|
|
|
|
| 2020 and thereafter |
|
|
|
|
|
40,680,000 |
|
|
|
|
|
|
| Total long-term debt |
|
|
|
|
|
2,938,252,000 |
|
|
|
|
|
|
| Amendment fee paid |
700,000 |
4,300,000 |
|
|
|
|
|
|
|
|
|
|
| Fixed principal repayments |
|
|
|
|
|
|
|
|
|
|
|
|
| Payment due by period ended |
|
|
|
|
|
|
|
|
|
|
|
|
| 2015 |
|
|
|
|
|
155,317,000 |
|
|
|
|
|
|
| 2016 |
|
|
|
|
|
183,173,000 |
|
|
|
|
|
|
| 2017 |
|
|
|
|
|
180,430,000 |
|
|
|
|
|
|
| 2018 |
|
|
|
|
|
204,919,000 |
|
|
|
|
|
|
| 2019 |
|
|
|
|
|
20,340,000 |
|
|
|
|
|
|
| 2020 and thereafter |
|
|
|
|
|
40,680,000 |
|
|
|
|
|
|
| Total long-term debt |
|
|
|
|
|
784,859,000 |
|
|
|
|
|
|
| variable principal payments |
|
|
|
|
|
|
|
|
|
|
|
|
| Payment due by period ended |
|
|
|
|
|
|
|
|
|
|
|
|
| 2015 |
|
|
|
|
|
22,799,000 |
|
|
|
|
|
|
| 2016 |
|
|
|
|
|
85,294,000 |
|
|
|
|
|
|
| 2017 |
|
|
|
|
|
113,611,000 |
|
|
|
|
|
|
| 2018 |
|
|
|
|
|
68,008,000 |
|
|
|
|
|
|
| Total long-term debt |
|
|
|
|
|
289,712,000 |
|
|
|
|
|
|
| Final Payment due on December 31, 2018*[and other payments thereafter] |
|
|
|
|
|
|
|
|
|
|
|
|
| Payment due by period ended |
|
|
|
|
|
|
|
|
|
|
|
|
| 2018 |
|
|
|
|
|
1,863,681,000 |
|
|
|
|
|
|
| Total long-term debt |
|
|
|
|
|
1,863,681,000 |
|
|
|
|
|
|
| Bank agreement |
|
|
|
|
|
|
|
|
|
|
|
|
| Payment due by period ended |
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of amendment fee paid and deferred |
|
|
40.00% |
20.00% |
|
|
|
|
|
|
|
|
| Remaining percentage of amendment fee, which is due for payment on December 31, 2014 |
|
|
|
|
|
40.00% |
|
|
|
|
|
|
| Commitment fee on undrawn committed debt designated for specific newbuildings (as a percent) |
|
|
|
|
0.25% |
|
|
|
|
|
|
|
| Previously Existing Credit Facilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Payment due by period ended |
|
|
|
|
|
|
|
|
|
|
|
|
| Cumulative waiver fees as a percentage of existing financing commitments |
|
|
|
|
|
|
0.20% |
|
|
|
|
|
| Cumulative waiver fees paid |
|
|
2,600,000 |
|
|
|
|
|
|
|
|
|
| Amendment fee as a percentage of outstanding commitments |
|
|
|
0.50% |
|
|
|
|
|
|
|
|
| Amendment fee accrued under other long-term liabilities |
|
|
|
12,500,000 |
|
|
|
|
|
|
|
|
| January 2011 Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
| Payment due by period ended |
|
|
|
|
|
|
|
|
|
|
|
|
| Variable rate basis |
|
|
|
|
|
|
|
LIBOR |
|
|
|
|
| Interest rate added to variable rate basis (as a percent) |
|
|
|
|
|
1.85% |
|
|
|
|
|
|
| Commitment fee on undrawn committed debt designated for specific newbuildings (as a percent) |
|
|
|
|
|
0.75% |
|
|
|
|
|
|
| January 2011 Credit Facility | Bank agreement |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
633,016,506 |
|
|
|
|
|
|
| Payment due by period ended |
|
|
|
|
|
|
|
|
|
|
|
|
| 2015 |
|
|
|
|
|
113,358,679 |
|
|
|
|
|
|
| 2016 |
|
|
|
|
|
143,379,164 |
|
|
|
|
|
|
| 2017 |
|
|
|
|
|
148,839,796 |
|
|
|
|
|
|
| 2018 |
|
|
|
|
|
227,438,867 |
|
|
|
|
|
|
| Hyundai Samho vendor financing |
|
|
|
|
|
|
|
|
|
|
|
|
| Hyundai Samho Vendor Financing |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at the end of the period |
|
|
|
|
|
64,367,000 |
|
121,755,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
46,530,000 |
|
57,388,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
17,837,000 |
|
64,367,000 |
|
|
|
|
| Payment due by period ended |
|
|
|
|
|
|
|
|
|
|
|
|
| 2015 |
|
|
|
|
|
46,530,000 |
|
|
|
|
|
|
| 2016 |
|
|
|
|
|
17,837,000 |
|
|
|
|
|
|
| Total long-term debt |
|
|
|
|
|
64,367,000 |
|
|
|
|
|
|
| The Royal Bank of Scotland | Previously Existing Credit Facilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
678,954,000 |
|
683,614,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
12,657,000 |
|
4,628,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
666,297,000 |
|
678,986,000 |
|
|
|
|
| The Royal Bank of Scotland | January 2011 Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
85,017,000 |
|
94,245,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
15,326,000 |
|
9,226,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
69,691,000 |
|
85,019,000 |
|
|
|
|
| HSH Nordbank | Previously Existing Credit Facilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
28,843,000 |
|
31,163,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
7,633,000 |
|
2,545,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
21,210,000 |
|
28,618,000 |
|
|
|
|
| The Export-Import Bank of Korea (KEXIM) | Previously Existing Credit Facilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
18,573,000 |
|
28,942,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
10,369,000 |
|
10,369,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
8,204,000 |
|
18,573,000 |
|
|
|
|
| The Export-Import Bank of Korea & ABN Amro | Previously Existing Credit Facilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
56,859,000 |
|
68,109,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
11,250,000 |
|
11,250,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
45,609,000 |
|
56,859,000 |
|
|
|
|
| Payment due by period ended |
|
|
|
|
|
|
|
|
|
|
|
|
| Increase in interest rate margin (as a percent) |
|
|
|
|
|
0.50% |
|
|
|
|
|
|
| Deutsche Bank | Previously Existing Credit Facilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
174,709,000 |
|
177,968,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
4,786,000 |
|
3,251,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
169,923,000 |
|
174,717,000 |
|
|
|
|
| Credit Agricole | Previously Existing Credit Facilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
144,467,000 |
|
151,239,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
8,228,000 |
|
6,770,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
136,239,000 |
|
144,469,000 |
|
|
|
|
| Aegean Baltic Bank HSH Nordbank Piraeus Bank | Previously Existing Credit Facilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
628,513,000 |
|
658,160,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
|
|
11,447,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
628,513,000 |
|
646,713,000 |
|
|
|
|
| Payment due by period ended |
|
|
|
|
|
|
|
|
|
|
|
|
| Margin adjustment fee (as a percent) |
|
|
|
|
|
|
|
|
|
1.55% |
|
|
| Margin adjustment fee settled in cash |
|
|
|
|
|
|
|
|
17,600,000 |
|
|
|
| Aegean Baltic Bank HSH Nordbank Piraeus Bank | January 2011 Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
94,812,000 |
|
110,396,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
22,476,000 |
|
15,503,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
72,336,000 |
|
94,893,000 |
|
|
|
|
| Credit Suisse | Previously Existing Credit Facilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
208,585,000 |
|
215,613,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
9,328,000 |
|
7,026,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
199,257,000 |
|
208,587,000 |
|
|
|
|
| ABN Amro-Lloyds TSB-National Bank of Greece | Previously Existing Credit Facilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
239,896,000 |
|
247,001,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
11,422,000 |
|
7,537,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
228,474,000 |
|
239,464,000 |
|
|
|
|
| ABN Amro-Lloyds TSB-National Bank of Greece | January 2011 Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
26,444,000 |
|
31,953,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
6,371,000 |
|
5,415,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
20,073,000 |
|
26,538,000 |
|
|
|
|
| Commerzbank-Credit Suisse- Credit Agricole | Previously Existing Credit Facilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
274,984,000 |
|
288,474,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
17,327,000 |
|
13,489,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
257,657,000 |
|
274,985,000 |
|
|
|
|
| Sinosure CEXIM-Citi-ABN Amro Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
| Payment due by period ended |
|
|
|
|
|
|
|
|
|
|
|
|
| Variable rate basis |
|
|
|
|
|
|
|
LIBOR |
|
|
|
|
| Interest rate added to variable rate basis (as a percent) |
|
|
|
|
|
2.85% |
|
|
|
|
|
|
| Amendment fee accrued under other long-term liabilities |
|
|
|
4,380,000 |
|
|
|
|
|
|
|
|
| Amendment fee paid |
|
|
3,160,000 |
|
|
|
|
|
|
|
1,220,000 |
|
| Sinosure CEXIM-Citi-ABN Amro Credit Facility | Previously Existing Credit Facilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
142,380,000 |
|
162,720,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
20,340,000 |
|
20,340,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
122,040,000 |
|
142,380,000 |
|
|
|
|
| Club Facility | January 2011 Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
65,457,000 |
|
78,001,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
14,773,000 |
|
12,618,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
50,684,000 |
|
65,383,000 |
|
|
|
|
| Citibank and Eurobank | January 2011 Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
69,759,000 |
|
74,808,000 |
|
|
|
|
| Current portion |
|
|
|
|
|
5,830,000 |
|
5,048,000 |
|
|
|
|
| Long-term portion |
|
|
|
|
|
63,929,000 |
|
69,760,000 |
|
|
|
|
| Previously Existing Credit Facilities Except for KEXIM and KEXIM-ABN Amro |
|
|
|
|
|
|
|
|
|
|
|
|
| Payment due by period ended |
|
|
|
|
|
|
|
|
|
|
|
|
| New debt financing subject to bank agreement |
|
|
|
|
|
|
|
|
|
|
|
$ 425,000,000 |