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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating revenues      
Time charter revenues $ 35,046 $ 55,497 $ 40,825
Voyage charter revenues 2,269 0 0
Total operating revenues 37,315 55,497 40,825
Operating expenses      
Voyage expenses and commission 4,323 2,020 1,151
Ship operating expenses 7,608 7,830 5,211
Administrative expenses 4,259 3,528 3,018
Depreciation 11,117 11,079 7,887
Total operating expenses 27,307 24,457 17,267
Net operating income 10,008 31,040 23,558
Other income (expenses)      
Interest income 106 36 46
Interest expense (3,765) (3,529) (2,880)
Other financial items (467) (489) (579)
Net other expenses (4,126) (3,982) (3,413)
Net income from continuing operations 5,882 27,058 20,145
Net (loss) income from discontinued operations (59,311) 5,594 18,412
Net (loss) income $ (53,429) $ 32,652 $ 38,557
Per share information:      
Earnings per share from continuing operations: basic $ 0.24 $ 1.11 $ 1.05
Earnings per share from continuing operations: diluted $ 0.24 $ 1.10 $ 1.05
(Loss) earnings per share from discontinued operations: basic $ (2.43) $ 0.23 $ 0.97
(Loss) earnings per share from discontinued operations: diluted $ (2.41) $ 0.23 $ 0.97
(Loss) earnings per share: basic $ (2.19) $ 1.34 $ 2.02
(Loss) earnings per share: diluted $ (2.17) $ 1.33 $ 2.02
Cash distributions per share declared $ 1.20 $ 2.00 $ 1.70