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Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Revenues.        
Revenues $ 85,437,806 $ 55,113,295 $ 238,228,227 $ 123,565,119
Expenses        
Voyage expenses 1,178,702 287,221 2,372,839 822,618
Charter hire expenses 2,071,206   6,181,206  
Vessel operating expenses 19,131,124 16,773,634 52,644,762 50,834,364
Depreciation and amortization 16,710,403 16,430,363 49,450,242 49,133,072
General and administrative expenses 5,037,783 5,156,573 17,669,024 18,768,996
Professional and legal fees related to the BW Proposal   7,766,847   10,020,436
Total expenses 44,129,218 46,414,638 128,318,073 129,579,486
Other income-related parties 450,169 614,633 1,387,536 1,843,782
Operating income/(loss) 41,758,757 9,313,290 111,297,690 (4,170,585)
Other income/(expenses)        
Interest and finance costs (8,778,905) (10,000,018) (27,779,560) (30,526,971)
Interest income 394,876 413,546 1,101,831 1,326,442
Unrealized gain/(loss) on derivatives 1,446,395 (6,669,266) (5,291,504) (3,910,190)
Realized gain on derivatives 449,276 881,276 2,191,417 2,494,832
Other gain/(loss), net 358,513 (157,480) 895,993 (205,858)
Total other income/(expenses), net (6,129,845) (15,531,942) (28,881,823) (30,821,745)
Net income/(loss) $ 35,628,912 $ (6,218,652) $ 82,415,867 $ (34,992,330)
Weighted average shares outstanding Basic (in shares) 53,944,991 54,441,203 54,380,855 54,356,060
Weighted average shares outstanding Diluted (in shares) 54,176,748 54,441,203 54,615,843 54,356,060
Earnings/(loss) per common share – basic (in dollars per share) $ 0.66 $ (0.11) $ 1.52 $ (0.64)
Earnings/(loss) per common share – diluted (in dollars per share) $ 0.66 $ (0.11) $ 1.51 $ (0.64)
Net pool revenue - related party        
Revenues.        
Revenues $ 77,470,478 $ 46,683,295 $ 208,507,192 $ 94,816,738
Time charter revenue        
Revenues.        
Revenues 7,859,035 8,370,000 29,112,464 28,477,881
Other revenues, net        
Revenues.        
Revenues $ 108,293 $ 60,000 $ 608,571 $ 270,500