Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
REVENUE
Freight and related revenue	$ 35,928	$ 41,965	$ 118,731	$ 124,680
Fuel and other surcharges	1,617	6,482	11,144	21,346
Outside voyage charter revenue	8,217	618	12,647	618
TOTAL REVENUE	45,762	49,065	142,522	146,644
EXPENSES
Outside voyage charter fees	8,250	605	12,743	605
Vessel operating expenses	24,370	29,846	80,956	91,485
Repairs and maintenance	220	60	1,117	1,237
General and administrative	3,811	3,498	10,210	9,697
Depreciation	4,782	4,613	14,092	13,983
Amortization of drydock costs	877	836	2,644	2,548
Amortization of intangibles	268	300	824	916
Loss on foreign exchange, net	92	290	397	753
Loss on termination of vessel lease	0	2,660	0	2,660
Total Operating Expenses	42,670	42,708	122,983	123,884
OPERATING INCOME	3,092	6,357	19,539	22,760
OTHER INCOME AND EXPENSES
Interest expense (Note 20)	3,079	3,359	9,060	10,823
Interest income	(2)	(3)	(6)	(7)
TOTAL OTHER (INCOME) AND EXPENSES	3,077	3,356	9,054	10,816
INCOME BEFORE INCOME TAXES	15	3,001	10,485	11,944
PROVISION FOR (BENEFIT FROM) INCOME TAXES (Note 6)
Deferred	3,862	(1,259)	(466)	(211)
TOTAL PROVISION FOR INCOME TAXES	3,862	(1,259)	(466)	(211)
NET (LOSS) INCOME BEFORE PREFERRED STOCK DIVIDENDS	(3,847)	4,260	10,951	12,155
PREFERRED STOCK DIVIDENDS	351	291	1,000	872
NET (LOSS) INCOME APPLICABLE TO COMMON STOCKHOLDERS	$ (4,198)	$ 3,969	$ 9,951	$ 11,283
Net income per share basic (Note 23) (in dollars per share)	$ (0.23)	$ 0.22	$ 0.55	$ 0.63
Net income per share diluted (Note 23) (in dollars per share)	$ (0.23)	$ 0.21	$ 0.54	$ 0.60
Weighted average shares basic (in shares)	18,091,973	17,837,696	17,984,502	17,837,007
Weighted average shares diluted (in shares)	20,503,077	20,362,406	20,396,276	20,377,191