CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 123,069	$ 157,535
Due from charterers, net	6,940	13,611
Due from Navig8 pools, net	44,080	38,086
Assets held for sale		16,999
Prepaid expenses and other current assets	26,052	31,897
Total current assets	200,141	258,128
NONCURRENT ASSETS:
Vessels, net of accumulated depreciation of $180,865 and $147,129, respectively	1,922,495	1,086,877
Vessels under construction	543,533	911,017
Other fixed assets, net	4,474	4,664
Deferred drydock costs, net	21,062	17,875
Working capital at Navig8 pools	27,950	26,000
Restricted cash	1,429	1,425
Goodwill	26,291	26,291
Other assets	5,144	57,469
Total noncurrent assets	2,552,378	2,131,618
TOTAL ASSETS	2,752,519	2,389,746
CURRENT LIABILITIES:
Accounts payable and accrued expenses	52,401	133,248
Long-term debt, current portion	164,650	135,367
Derivative financial instrument	6,231
Total current liabilities	223,282	268,615
NONCURRENT LIABILITIES:
Long term debt	1,141,746	821,687
Less: unamortized discount and debt issuance cost	(57,444)	(48,964)
Long-term debt less unamortized discount and debt financing costs	1,084,302	772,723
Other noncurrent liabilities	779	647
Derivative financial instrument	9,276
Total noncurrent liabilities	1,094,357	773,370
TOTAL LIABILITIES	1,317,639	1,041,985
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
New common stock, $0.01 par value per share; authorized 225,000,000 shares; issued and outstanding 82,681,711 shares at June 30, 2016 and 82,679,922 shares at December 31, 2015	827	827
Paid-in capital	1,512,569	1,509,688
Accumulated deficit	(64,568)	(163,421)
Accumulated other comprehensive income	(13,948)	667
Total shareholders' equity	1,434,880	1,347,761
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 2,752,519	$ 2,389,746