Period ($000) | Year ended Dec. 31, 2016 | Year ended Dec. 31, 2015 | Year ended Dec. 31, 2014 | Year ended Dec. 31, 2013 | Year ended Dec. 31, 2012 | |||||||||||||||
| Earnings available for fixed charges | ||||||||||||||||||||
| Profit/(loss) before tax | $ | 9,354 | $ | 105,430 | $ | 12,973 | $ | (3,919 | ) | $ | (93,892 | ) | ||||||||
| Less share of profit from associated companies | (649 | ) | (467 | ) | (86 | ) | ||||||||||||||
| Less capitalized interest | (1,293 | ) | (2,271 | ) | (1,048 | ) | ||||||||||||||
| Plus dividend from associated companies | 242 | 120 | 107 | |||||||||||||||||
| Plus amortization of capitalized interest | 116 | 3 | ||||||||||||||||||
| Plus fixed charges | 36,363 | 35,908 | 15,334 | 4,784 | 7,330 | |||||||||||||||
| Total Earnings available for fixed charges | $ | 44,133 | $ | 138,723 | $ | 27,280 | $ | 865 | $ | -86,562 | ||||||||||
| Fixed Charges: | ||||||||||||||||||||
| Interest expense incl. amortization of debt issuance cost | $ | 35,070 | 33,637 | 14,286 | 4,784 | 7,330 | ||||||||||||||
| Plus capitalized interest | 1,293 | 2,271 | 1,048 | |||||||||||||||||
| Total Fixed Charges | $ | 36,363 | $ | 35,908 | $ | 15,334 | $ | 4,784 | $ | 7,330 | ||||||||||
| Ratio of Earnings to Fixed Charges | 1.21 | 3.86 | 1.78 | 0.18 | -11.81 | |||||||||||||||
