PROPERTY AND EQUIPMENT, NET

9 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT, NET

Property and equipment, net are comprised of the following:

	December 31, 2015		March 31, 2015
Cost
Vessels	$	299,649	$	279,785
Leasehold improvements	96		102
Furniture and equipment	548		563
Vehicles	15		16
Computer, communication equipment and purchased software	2,997		2,901
	$	303,305	$	283,367
Accumulated depreciation
Vessels	$	84,877	$	74,794
Leasehold improvements	83		78
Furniture and equipment	318		283
Vehicles	12		13
Computer, communication equipment  and purchased software	2,000		1,923
	87,290		77,091
	$	216,015	$	206,276

Property and equipment as of December 31, 2015 includes capitalized interest during the nine month period ended December 31, 2015 of $1,161 ($734 for the fiscal year ended March 31, 2015).