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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues, net of commissions $ 45,795,391 $ 72,222,353
Voyage expenses 3,837,278 8,204,657
Vessel expenses 22,577,518 20,494,412
Depreciation and amortization 19,077,813 18,936,577
General and administrative expenses 3,122,933 3,116,337
Gain on time charter agreement termination   (3,331,692)
Total operating expenses 48,615,542 47,420,291
Operating income (loss) (2,820,151) 24,802,062
Interest expense 19,773,619 20,539,035
Interest income (3,884) (64,170)
Other expense   2,952,927
Total other expense, net 19,769,735 23,427,792
Net income (loss) $ (22,589,886) $ 1,374,270
Basic (in Shares) 17,080,190 16,966,070
Diluted (in Shares) 17,080,190 16,966,070
Basic net income (loss) (in Dollars per share) $ (1.32) $ 0.08
Diluted net income (loss) (in Dollars per share) $ (1.32) $ 0.08