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AFFILIATES BALANCES (Tables)
6 Months Ended
Jun. 30, 2019
Equity Method Investments And Joint Ventures [Abstract]  
Schedule of Balances with Unconsolidated Affiliates

We maintained the following balances with our unconsolidated affiliates:

 

(In thousands)

 

June 30, 2019

 

 

December 31, 2018

 

Due from related parties:

 

 

 

 

 

 

 

 

Sonatide (Angola)

 

$

94,140

 

 

 

109,176

 

DTDW (Nigeria)

 

 

27,819

 

 

 

23,775

 

 

 

 

 

 

 

 

 

 

Due to related parties:

 

 

 

 

 

 

 

 

Sonatide (Angola)

 

$

27,450

 

 

 

29,347

 

DTDW (Nigeria)

 

 

11,610

 

 

 

5,625

 

 

 

 

 

 

 

 

 

 

Due from related parties, net of due to related parties

 

$

82,899

 

 

 

97,979

 

 

Schedule of Amounts Due from Affiliate

 

 

Six Months

 

 

 

Ended

 

(In thousands)

 

June 30, 2019

 

Due from Sonatide at December 31, 2018

 

$

109,176

 

Revenue earned by the company through Sonatide

 

 

29,650

 

Less amounts received from Sonatide

 

 

(35,699

)

Less amounts used to offset Due to Sonatide obligations (A)

 

 

(7,982

)

Other

 

 

(1,005

)

Total due from Sonatide at June 30, 2019

 

$

94,140

 

 

 

(A)

We reduced the respective due from affiliates and due to affiliates balances each period through netting transactions based on agreement with the joint venture.

 

Schedule of Amounts Due to Affiliate

 

 

Six Months

 

 

 

Ended

 

(In thousands)

 

June 30, 2019

 

Due to Sonatide at December 31, 2018

 

$

29,347

 

Plus additional commissions payable to Sonatide

 

 

2,828

 

Plus amounts paid by Sonatide on behalf of the company

 

 

5,093

 

Less commissions paid to Sonatide during the period

 

 

(5,961

)

Less amounts used to offset Due from Sonatide obligations (A)

 

 

(7,982

)

Other

 

 

4,125

 

Total due to Sonatide at June 30, 2019

 

$

27,450

 

 

 

(A)

We reduced the respective due from affiliates and due to affiliates balances each period through netting transactions based on agreement with the joint venture.

 

Summary of Operations in Angola

Vessel revenues generated by our Angolan operations, percent of consolidated vessel revenues, average number of company owned vessels and average number of stacked company owned vessels of our Angolan operations for the periods indicated were as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2019

 

 

June 30, 2018

 

 

June 30, 2019

 

 

June 30, 2018

 

Revenues of Angolan operations (in thousands)

 

$

14,272

 

 

 

14,550

 

 

 

29,670

 

 

 

28,719

 

Percent of consolidated vessel revenues

 

 

12

%

 

 

14

%

 

 

12

%

 

 

15

%

Number of company owned vessels in Angola

 

 

32

 

 

 

37

 

 

 

34

 

 

 

38

 

Number of stacked company owned vessels in Angola

 

 

13

 

 

 

16

 

 

 

14

 

 

 

17