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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Revenues [Abstract]      
Net pool revenues - related party $ 341,418,480 $ 532,935,157 $ 364,548,262
Time charter revenues 8,252,182 25,895,984 22,709,620
Other revenues, net 3,670,814 1,886,295 2,491,333
Total revenues 353,341,476 560,717,436 389,749,215
Expenses      
Voyage expenses 4,252,035 2,674,179 3,611,452
Charter hire expenses 41,393,429 43,673,387 23,194,712
Vessel operating expenses 85,407,362 80,461,690 71,501,771
Depreciation and amortization 69,599,593 68,666,053 63,396,131
General and administrative expenses 42,626,351 39,004,183 32,086,382
Total expenses 243,278,770 234,479,492 193,790,448
Other income - related parties 2,582,126 2,592,291 2,401,701
Operating income 112,644,832 328,830,235 198,360,468
Other income/(expenses)      
Interest and finance costs (35,812,923) (40,480,428) (37,803,787)
Interest income 15,219,621 9,488,328 3,808,809
Unrealized (gain)/loss on derivatives (5,786,717) 5,665 2,766,065
Realized gain on interest rate swaps 5,311,992 7,493,246 3,771,522
Other gain/(loss), net (1,406,325) 2,109,867 1,540,853
Total other income/(expenses), net (22,474,352) (21,383,322) (25,916,538)
Net income $ 90,170,480 $ 307,446,913 $ 172,443,930
Weighted average shares outstanding:      
Basic 42,134,482 40,275,350 40,026,313
Diluted 42,232,353 40,450,567 40,211,642
Earnings per common share - basic $ 2.14 $ 7.63 $ 4.31
Earnings per common share - diluted $ 2.14 $ 7.6 $ 4.29