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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
VOYAGE REVENUES:        
Navig8 pools revenues $ 72,317 $ 92,400 $ 190,686 $ 205,431
Time charter revenues   2,047   9,278
Spot charter revenues 2,628 11,511 7,275 15,293
Total voyage revenues 74,945 105,958 197,961 230,002
OPERATING EXPENSES:        
Voyage expenses 2,152 4,194 3,854 6,551
Direct vessel operating expenses 27,881 25,532 56,901 50,061
Navig8 charterhire expenses (6) (49)   3,221
General and administrative 9,626 7,024 18,052 15,112
Depreciation and amortization 26,780 20,023 54,474 37,504
Loss (gain) on disposal of vessels, net 67,860 (714) 77,703 (579)
Total operating expenses 134,293 56,010 210,984 111,870
OPERATING (LOSS) / INCOME (59,348) 49,948 (13,023) 118,132
OTHER EXPENSES:        
Interest expense, net (20,447) (10,361) (40,498) (17,656)
Other financing costs (3) (4) (55) (6)
Other income (expense), net (2,747) (1,588) (2,105) (1,617)
Total other expenses (23,197) (11,953) (42,658) (19,279)
NET (LOSS) / INCOME $ (82,545) $ 37,995 $ (55,681) $ 98,853
(LOSS) / INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ (0.99) $ 0.46 $ (0.67) $ 1.20
Diluted (in dollars per share) $ (0.99) $ 0.46 $ (0.67) $ 1.20