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Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues.        
Net pool revenues—related party $ 20,837,311 $ 49,345,687 $ 58,496,696 $ 64,656,246
Voyage charter revenues   15,581,830   30,446,014
Time charter revenues 12,465,684 9,559,631 24,998,035 14,931,835
Other revenues 308,238 459,284 632,278 554,797
Total revenues 33,611,233 74,946,432 84,127,009 110,588,892
Expenses        
Voyage expenses 466,218 3,541,546 1,222,022 7,064,619
Vessel operating expenses 16,339,345 9,459,889 32,434,897 16,213,975
Depreciation and amortization 16,365,517 8,303,555 32,558,262 13,160,982
General and administrative expenses 5,203,915 5,281,535 10,815,225 12,495,815
Loss on disposal of assets       105,549
Total expenses 38,374,995 26,586,525 77,030,406 49,040,940
Other income—related party 552,922 383,643 1,105,823 767,285
Operating income/(loss) (4,210,840) 48,743,550 8,202,426 62,315,237
Other income/(expenses)        
Interest and finance costs (7,160,119) (931,329) (14,198,328) (1,067,129)
Interest income 30,317 49,259 53,495 114,844
Unrealized gain/(loss) on derivatives 6,528,203 (5,111,430) 2,158,344 (3,724,545)
Realized loss on derivatives (2,333,915) (1,230,333) (4,590,703) (2,474,823)
Foreign currency gain/(loss), net 766 (306,453) (61,943) (297,437)
Total other income/(expenses), net (2,934,748) (7,530,286) (16,639,135) (7,449,090)
Net income/(loss) $ (7,145,588) $ 41,213,264 $ (8,436,709) $ 54,866,147
Earnings/(loss) per common share – basic (in dollars per share) $ (0.13) $ 0.72 $ (0.16) $ 0.96
Earnings/(loss) per common share – diluted (in dollars per share) $ (0.13) $ 0.72 $ (0.16) $ 0.96