DEFERRED DRYDOCK COSTS

6 Months Ended

Sep. 30, 2012

Deferred Drydock Costs [Abstract]

DEFERRED DRYDOCK COSTS

DEFERRED DRYDOCK COSTS

Deferred drydock costs are comprised of the following:

	September 30, 2012		March 31, 2012
Drydock expenditures	$	17,669	$	22,573
Accumulated amortization	7,054		12,694
	$	10,615	$	9,879

The following table shows periodic deferrals of drydock costs and amortization.

Balance as of March 31, 2011	$	6,523
Drydock costs accrued	6,535
Amortization of drydock costs	(3,048		)
Foreign currency translation adjustment	(131		)
Balance as of March 31, 2012	$	9,879
Drydock costs accrued	2,406
Amortization of drydock costs	(1,752		)
Foreign currency translation adjustment	82
Balance as of September 30, 2012	$	10,615