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Vessels (Table)
6 Months Ended
Jun. 30, 2012
Vessels [Abstract]  
Vessels [Table Text Block]

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