Quarterly report pursuant to Section 13 or 15(d)

Noncontrolling Interests in Subsidiaries

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Noncontrolling Interests in Subsidiaries
6 Months Ended
Jun. 30, 2020
Noncontrolling Interest [Abstract]  
Noncontrolling Interests in Subsidiaries
12. NONCONTROLLING INTERESTS IN SUBSIDIARIES
SEA-Vista owns and operates the Company’s fleet of U.S.-flag petroleum and chemical carriers used in the U.S. coastwise trade of crude oil, petroleum and specialty chemical products. On August 2, 2019, the Company acquired the Remaining SEA-Vista Interest. During the six months ended June 30, 2019, the net income of SEA-Vista was $15.9 million, of which $7.8 million was attributable to noncontrolling interests.