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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
VOYAGE REVENUES:      
Navig8 pool revenues $ 292,975 $ 368,889 $ 149,642
Time charter revenues   9,278 28,707
Spot charter revenues 14,844 26,455 251,584
Total voyage revenues 307,819 404,622 429,933
OPERATING EXPENSES:      
Voyage expenses 9,446 12,490 95,306
Direct vessel operating expenses 107,395 107,308 85,521
Navig8 charterhire expenses 6 3,059 11,324
General and administrative expenses 33,831 27,844 36,379
Depreciation and amortization 103,951 87,191 47,572
Goodwill impairment   23,297  
Loss on impairment of vessels held for sale     520
Goodwill write-off for sales of vessels   2,994  
Loss on disposal of vessels, net 139,836 24,169 805
Closing of Portugal office     507
Total operating expenses 394,465 288,352 277,934
OPERATING (LOSS) / INCOME (86,646) 116,270 151,999
OTHER EXPENSES:      
Interest expense, net (82,764) (49,627) (15,982)
Other financing costs (59) (7) (6,044)
Other income (expense), net 928 670 (404)
Total other expenses (81,895) (48,964) (22,430)
NET (LOSS) / INCOME $ (168,541) $ 67,306 $ 129,569
(LOSS) / INCOME PER COMMON SHARE:      
Basic (in dollars per share) $ (2.03) $ 0.81 $ 2.06
Diluted (in dollars per share) $ (2.03) $ 0.81 $ 2.05