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Vessels
6 Months Ended
Jun. 30, 2012
Vessels [Abstract]  
Vessels [Text Block]
Note 3.Vessels

 

Vessel and Vessel Improvements

 

At June 30, 2012, the Company’s operating fleet consisted of 45 dry bulk vessels. The Company completed its newbuilding program in the fourth quarter of 2011.

 

Vessel and vessel improvements:

 

    
Vessels and Vessel Improvements, at December 31, 2011 $1,789,381,046 
  Purchase of Vessel Improvements  58,520 
  Depreciation Expense  (37,360,998)
Vessels and Vessel Improvements, at June 30, 2012 $1,752,078,568