Vessels Under Construction (Tables)

3 Months Ended

Jun. 30, 2015

Vessels Under Construction.

Schedule of vessels under construction

Balance, April 1, 2015	398,175,504
Installment payments to shipyards	198,753,063
Other capitalized expenditures	6,946,531
Capitalized interest	1,355,979
Vessels delivered (transferred to Vessels)	(241,450,881	)
Balance, June 30, 2015	363,780,196