Note 2 - Vessel Acquisitions and Dispositions

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

( 2 ) VESSEL ACQUISITIONS AND DISPOSITIONS

Interest is capitalized in connection with the construction of vessels. During the

six

months ended

June 30, 2017,

the Predecessor capitalized

$0.1

million of interest. We had

no

vessels under construction during the

three

- and

six

-month periods ended

June 30, 2018.

During the

first

quarter of

2017,

the Predecessor took delivery of a vessel built in Norway and paid a final installment on delivery of

195.0

million Norwegian Kroner, or NOK (approximately

$23.1

million). In

March 2017,

the Predecessor sold

two

fast supply vessels and recorded combined losses on sales of assets of

$5.3

million. We had

no

vessel additions or dispositions during the

six

months ended

June 30, 2018

and had

no

vessels under construction at

June 30, 2018.