CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 94,681	$ 157,535
Due from charterers, net	2,048	13,611
Due from Navig8 pools, net	60,750	38,086
Assets held for sale	30,195	16,999
Prepaid expenses and other current assets	27,611	31,897
Total current assets	215,285	258,128
NONCURRENT ASSETS:
Vessels, net of accumulated depreciation of $197,521 and $147,129, respectively	2,523,710	1,086,877
Vessels under construction	177,133	911,017
Other fixed assets, net	4,430	4,664
Deferred drydock costs, net	12,714	17,875
Working capital at Navig8 pools	33,100	26,000
Restricted cash	1,457	1,425
Goodwill	0	26,291
Derivative financial instruments	19,585
Other noncurrent assets	5,255	57,469
Total noncurrent assets	2,777,384	2,131,618
TOTAL ASSETS	2,992,669	2,389,746
CURRENT LIABILITIES:
Accounts payable and accrued expenses	33,991	133,248
Long-term debt, current portion	181,023	135,367
Derivative financial instrument	1,552
Total current liabilities	216,566	268,615
NONCURRENT LIABILITIES:
Long term debt	1,400,928	821,687
Less: unamortized discount and debt financing cost	(63,146)	(48,964)
Long-term debt less unamortized discount and debt financing costs	1,337,782	772,723
Other noncurrent liabilities	910	647
Total noncurrent liabilities	1,338,692	773,370
TOTAL LIABILITIES	1,555,258	1,041,985
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
Common stock, $0.01 par value per share; authorized 225,000,000 shares; issued and outstanding 82,960,194 shares at December 31, 2016 and 82,679,922 shares at December 31, 2015	830	827
Preferred stock, $0.01 par value per share; authorized 5,000,000 shares; issued and outstanding 0 shares at December 31, 2016 and 2015
Paid-in capital	1,515,362	1,509,688
Accumulated deficit	(96,115)	(163,421)
Accumulated other comprehensive income / (loss)	17,334	667
Total shareholders' equity	1,437,411	1,347,761
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 2,992,669	$ 2,389,746