EQUITY METHOD INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments Summarized Balance Sheet Information

We expect to file those financial statements by amendment to our Annual Report on Form 10-K/A on or before March 30, 2018.

A condensed summary of the assets and liabilities of the equity method investment follows: 

	Years Ended December 31,
	2017			2016
Current assets	$	37,497		$	37,680
Total assets	$	37,497		$	37,680
Current liabilities	$	28,910		$	29,335
Non-current liabilities	9,865			10,301
Equity/(deficiency)	(1,278		)	(1,956		)
Total liabilities and equity/(deficiency)	$	37,497		$	37,680

Results of operations of equity method investments

A condensed summary of the results of operations of the equity method investments follows:

	Years Ended December 31,
	2017			2016			2015
Shipping revenues	$	106,894		$	110,503		$	126,331
Ship operating expenses	(96,901		)	(100,752		)	(116,267		)
Income from vessel operations	9,993			9,751			10,064
Net income	$	9,993		$	9,751		$	10,064