Revenue (Tables)

9 Months Ended

Sep. 30, 2019

Revenue [Abstract]

Schedule of Disaggregated Revenue

The following table presents the Company’s revenues from leases accounted for under ASC 842 and revenues from services accounted for under ASC 606 for the three and nine months ended September 30, 2019 and 2018:

	Crude		Product
	Tankers		Carriers		Other		Totals
Three months ended September 30, 2019:
Revenues from leases
Pool revenues	$	29,893	$	16,385	$	-	$	46,278
Time and bareboat charter revenues		7,638		-		-		7,638
Voyage charter revenues from non-variable lease payments		4,985		24		-		5,009
Voyage charter revenues from variable lease payments		365		-		-		365
Revenues from services
Voyage charter revenues
Lightering services		11,988		-		-		11,988
Total shipping revenues	$	54,869	$	16,409	$	-	$	71,278
Three months ended September 30, 2018:
Revenues from leases
Pool revenues	$	26,244	$	10,477	$	-	$	36,721
Time and bareboat charter revenues		5,426		506		-		5,932
Voyage charter revenues from non-variable lease payments		5,569		23		-		5,592
Voyage charter revenues from variable lease payments		535		-		-		535
Revenues from services
Voyage charter revenues
Lightering services		12,146		-		-		12,146
Total shipping revenues	$	49,920	$	11,006	$	-	$	60,926

	Crude		Product
	Tankers		Carriers		Other		Totals
Nine months ended September 30, 2019:
Revenues from leases
Pool revenues	$	103,643	$	54,985	$	-	$	158,628
Time and bareboat charter revenues		19,609		90		-		19,699
Voyage charter revenues from non-variable lease payments		17,496		372		-		17,868
Voyage charter revenues from variable lease payments		1,555		-		-		1,555
Revenues from services
Voyage charter revenues
Lightering services		44,412		-		-		44,412
Total shipping revenues	$	186,715	$	55,447	$	-	$	242,162
Nine months ended September 30, 2018:
Revenues from leases
Pool revenues	$	61,040	$	44,796	$	-	$	105,836
Time and bareboat charter revenues		18,951		1,502		-		20,453
Voyage charter revenues from non-variable lease payments		16,464		76		-		16,540
Voyage charter revenues from variable lease payments		817		-		-		817
Revenues from services
Voyage charter revenues
Lightering services		26,167		-		-		26,167
Total shipping revenues	$	123,439	$	46,374	$	-	$	169,813

Schedule of Contract Related Receivables, Assets and Liabilities with Customers

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers, and significant changes in contract assets and liabilities balances, associated with revenue from services accounted for under ASC 606. Balances related to revenues from leases accounted for under ASC 842 are excluded from the table below.

	Voyage receivables - Billed receivables		Contract assets (Unbilled voyage receivables)		Contract liabilities (Deferred revenues and off hires)
Opening balance as of January 1, 2019	$	6,632	$	1,931	$	-
Closing balance as of September 30, 2019		7,140		1,045		-
Revenue recognized in the period from:
Amounts included in contract liability at the beginning of the period	$	-	$	-	$	-