Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
REVENUE
Freight and related revenue	$ 35,866	$ 35,928	$ 106,489	$ 118,731
Fuel and other surcharges	1,930	1,617	4,364	11,144
Outside voyage charter revenue (Note 18)	0	8,217	0	12,647
TOTAL REVENUE	37,796	45,762	110,853	142,522
EXPENSES
Outside voyage charter fees	0	8,250	0	12,743
Vessel operating expenses	22,225	24,370	63,095	80,956
Repairs and maintenance	27	220	1,112	1,117
General and administrative	3,797	3,811	11,527	10,210
Depreciation	5,185	4,782	15,686	14,092
Amortization of drydock costs	746	877	2,353	2,644
Amortization of intangibles	247	268	752	824
(Gain) loss on foreign exchange, net	357	92	(1,306)	397
Restructuring Charges	0	0	2,375	0
Asset Impairment Charges	0	0	1,872	0
TOTAL EXPENSES	32,584	42,670	97,466	122,983
OPERATING INCOME	5,212	3,092	13,387	19,539
OTHER INCOME AND EXPENSES
Interest expense	5,449	3,079	13,345	9,060
Interest and other income	(15)	(2)	(19)	(6)
TOTAL OTHER (INCOME) AND EXPENSES	5,434	3,077	13,326	9,054
(LOSS) INCOME BEFORE INCOME TAXES	(222)	15	61	10,485
(RECOVERY) PROVISION FOR INCOME TAXES
Deferred	(33)	3,862	(164)	(466)
TOTAL PROVISION FOR INCOME TAXES	(33)	3,862	(164)	(466)
NET INCOME (LOSS) BEFORE PREFERRED STOCK DIVIDENDS	(189)	(3,847)	225	10,951
PREFERRED STOCK DIVIDENDS	426	351	1,207	1,000
NET (LOSS) APPLICABLE TO COMMON STOCKHOLDERS	$ (615)	$ (4,198)	$ (982)	$ 9,951
Net (loss) income per share basic (usd per share)	$ (0.03)	$ (0.23)	$ (0.05)	$ 0.55
Net (loss) income per share diluted (usd per share)	$ (0.03)	$ (0.23)	$ (0.05)	$ 0.54
Weighted average shares basic (in shares)	18,445,350	18,091,973	18,381,880	17,984,502
Weighted average number of shares basic and diluted (in shares)	18,445,350	18,091,973	18,381,880
Weighted average shares diluted (in shares)	20,828,253	20,503,747	20,764,783	20,396,276