Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
REVENUE
Freight and related revenue	$ 30,280	$ 33,105
Fuel and other surcharges	2,062	712
TOTAL REVENUE	32,342	33,817
EXPENSES
Vessel operating expenses	18,985	18,842
Repairs and maintenance	712	985
General and administrative	4,703	3,875
Depreciation	5,334	5,298
Amortization of drydock costs	758	853
Amortization of intangibles	246	253
(Gain) on foreign exchange, net	(1,081)	(1,123)
Restructuring charges	0	2,375
Impairment charges on retired asset	0	1,872
TOTAL EXPENSES	29,657	33,230
OPERATING INCOME	2,685	587
OTHER INCOME AND EXPENSES
Interest expense	8,007	3,620
Interest and other income	0	(2)
TOTAL OTHER (INCOME) AND EXPENSES	8,007	3,618
LOSS BEFORE INCOME TAXES	(5,322)	(3,031)
(RECOVERY) PROVISION FOR INCOME TAXES
Deferred	(209)	(449)
TOTAL PROVISION FOR INCOME TAXES	(209)	(449)
NET LOSS BEFORE PREFERRED STOCK DIVIDENDS	(5,113)	(2,582)
PREFERRED STOCK DIVIDENDS	470	386
LOSS APPLICABLE TO COMMON STOCKHOLDERS	$ (5,583)	$ (2,968)
Earnings Per Share, Basic and Diluted	$ (0.30)	$ (0.16)
Net (loss) income per share basic (usd per share)	(0.30)	(0.16)
Net (loss) income per share diluted (usd per share)	$ (0.30)	$ (0.16)
Weighted average number of shares basic and diluted (in shares)	18,527,475	18,320,051