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Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Revenues.    
Net pool revenues—related party $ 37,659,385 $ 15,310,559
Voyage charter revenues   14,864,184
Time charter revenues 12,532,351 5,372,203
Other revenues 324,040 95,514
Total revenues 50,515,776 35,642,460
Expenses    
Voyage expenses 755,804 3,523,073
Vessel operating expenses 16,095,552 6,754,086
Depreciation and amortization 16,192,745 4,857,427
General and administrative expenses 5,611,310 7,214,280
Loss on disposal of assets   105,549
Total expenses 38,655,411 22,454,415
Other income—related party 552,901 383,642
Operating income 12,413,266 13,571,687
Other income/(expenses)    
Interest and finance costs (7,038,209) (135,800)
Interest income 23,178 65,585
Unrealized gain/(loss) on derivatives (4,369,859) 1,386,886
Realized loss on derivatives (2,256,788) (1,244,491)
Foreign currency gain/(loss), net (62,709) 9,016
Total other income/(expenses), net (13,704,387) 81,196
Net income/(loss) $ (1,291,121) $ 13,652,883
Earnings/(loss) per common share—basic and diluted (in dollars per share) $ (0.02) $ 0.24