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Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income/(loss) $ (8,436,709) $ 54,866,147
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Depreciation and amortization 32,558,262 13,160,982
Amortization of financing costs 1,893,141 634,500
Unrealized (gain)/loss on derivatives (2,158,344) 3,724,545
Stock-based compensation expense 2,077,804 1,761,988
Loss on disposal of assets   105,549
Unrealized exchange differences 3,557 169,497
Other non-cash items 237,005 42,391
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue 81,737 11,184,405
Prepaid expenses and other receivables (300,917) (463,697)
Due from related parties 20,993,789 (40,597,949)
Inventories 217,435 136,927
Other non-current assets (13) 22
Trade accounts payable (1,075,286) (455,188)
Accrued expenses and other liabilities (1,166,187) 2,561,642
Due to related parties (175,422) 9,931
Net cash provided by operating activities 44,749,852 46,841,692
Cash flows from investing activities:    
Payments for vessels and vessels under construction (1,351,731) (477,333,533)
Restricted cash deposits   (8,802,789)
Proceeds from disposal of assets   136,660
Payments to acquire other fixed assets (3,095) (299,312)
Net cash used in investing activities (1,354,826) (486,298,974)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings   338,291,681
Repayment of long-term debt borrowings (33,276,251) (10,346,896)
Purchase of treasury stock (12,853,465) (4,315,562)
Financing costs paid (99,785) (8,466,998)
Net cash (used in)/provided by financing activities (46,229,501) 315,162,225
Effects of exchange rates on cash and cash equivalents 4,413 (181,650)
Net decrease in cash and cash equivalents (2,830,062) (124,476,707)
Cash and cash equivalents at the beginning of the period 46,411,962 204,821,183
Cash and cash equivalents at the end of the period $ 43,581,900 $ 80,344,476