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Note 5 - Derivative Instruments and Fair Value Measurements (Details) - Effect of Derivative Instruments on Statement of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Derivatives designated as hedging instruments        
Interest rate swaps $ (657,812) $ (1,622,399) $ (2,302,273) $ (5,348,189)
Not Designated as Hedging Instrument [Member]
       
Derivatives not designated as hedging instruments        
FFAs, bunker swaps, freight and bunker derivatives       $ 1,028,375