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Condensed Interim Consolidated Statement of Operations - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUE    
Revenue $ 49,665,010 $ 43,536,296
OPERATING EXPENSES    
Commissions and voyage related costs 18,779,456 7,407,647
Vessel operating expenses 15,458,378 13,697,669
Depreciation 8,446,753 7,051,829
Amortization of deferred dry dock expenditure 613,193 593,851
General and administrative expenses    
Corporate 3,038,191 3,262,547
Chartering and commercial 661,423 350,780
Total operating expenses 46,997,394 32,364,323
Operating Income 2,667,616 11,171,973
Interest expense and finance costs (4,910,921) (4,433,611)
Interest income 90,614 21,140
(Loss) / income before taxes (2,152,691) 6,759,502
Income tax (14,500) (20,000)
Net (loss) / income $ (2,167,191) $ 6,739,502
(Loss) / earnings per share, basic and diluted $ (0.06) $ 0.26
Weighted average number of shares outstanding, basic and diluted 33,575,610 26,059,879