Vessels Under Construction (Tables)

9 Months Ended

Dec. 31, 2015

Vessels Under Construction.

Schedule of vessels under construction

Balance, April 1, 2015	$	398,175,504
Installment payments to shipyards		814,098,361
Other capitalized expenditures		21,184,618
Capitalized interest		4,661,154
Vessels delivered (transferred to Vessels)		(1,211,595,756)
Balance, December 31, 2015	$	26,523,881