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Revenue (Tables)
9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table contains a breakdown of the Company's revenue by contract type for the three and nine months ended September 30, 2018 and September 30, 2017. All revenue is part of the Company's conventional tanker segment, except for revenue for ship-to-ship support services and LNG terminal management, consultancy, procurement and other related services, which is part of the Company's ship-to-ship transfer segment.

 
Three Months Ended
September 30, 2018
 
Three Months Ended
September 30, 2017
 
Nine Months Ended
September 30, 2018
 
Nine Months Ended
September 30, 2017
Voyage charters (1)
 
 
 
 
 
 
 
     Suezmax
90,267

 
271

 
243,771

 
12,905

     Aframax
29,210

 
4,869

 
76,952

 
13,900

     LR2
16,712

 

 
40,312

 

     Full service lightering
15,858

 
20,257

 
70,982

 
68,076

     Total
152,047

 
25,397

 
432,017

 
94,881

 
 
 
 
 
 
 
 
Time-charters
 
 
 
 
 
 
 
     Aframax
7,784

 
12,318

 
31,608

 
36,975

     Suezmax
2,909

 
9,167

 
13,063

 
35,918

     LR2
1,633

 
3,196

 
7,149

 
12,209

     Total
12,326

 
24,681

 
51,820

 
85,102

 
 
 
 
 
 
 
 
Other revenue
 
 
 
 
 
 
 
     Ship-to-ship support services
8,217

 
7,980

 
22,452

 
28,210

     Commercial management
2,050

 
3,112

 
6,246

 
9,448

     LNG terminal management, consultancy and other
1,275

 
1,822

 
3,504

 
4,336

     Total
11,542

 
12,914

 
32,202

 
41,994

 
 
 
 
 
 
 
 
Net pool revenues (1)
 
 
 
 
 
 
 
     Suezmax

 
18,820

 

 
66,261

     Aframax

 
4,832

 

 
23,195

     LR2

 
4,598

 

 
19,067

     MR

 
(4
)
 

 
12

     Total

 
28,246

 

 
108,535

Total revenues
175,915

 
91,238

 
516,039

 
330,512


(1)
Prior to the January 1, 2018 adoption of ASU 2014-09, the Company presented the net allocation for its vessels participating in RSAs as net pool revenues. The Company has determined that it is the principal in voyages its vessels perform that are included in the RSAs. As such, the revenue from those voyages is presented in voyage charter revenues and the difference between this amount and the Company's net allocation from the RSA is presented as voyage expenses. The adoption of ASU 2014-09 had the impact of increasing voyage charter revenues and voyage expenses for the three and nine months ended September 30, 2018 by $73.6 million and $202.4 million, respectively.