QUARTERLY FINANCIAL INFORMATION (Unaudited)

12 Months Ended

Dec. 31, 2011

QUARTERLY FINANCIAL INFORMATION - (Unaudited) [Abstract]

QUARTERLY FINANCIAL INFORMATION - (Unaudited)

NOTE Y – QUARTERLY FINANCIAL INFORMATION – (Unaudited)

	(All Amounts in Thousands Except Share Data)	Quarter Ended
		March 31		June 30		Sept. 30			Dec. 31
2011	Revenues	$	64,334	$	69,961	$	67,087		$	61,814
	Voyage Expenses	$	48,990	$	51,814	$	46,911		$	44,367
	Operating Income	$	22,855	$	6,727	$	8,632		$	5,395
	Net Income	$	24,080	$	2,838	$	2,850		$	1,781
	Basic and Diluted Earnings per Common Share:
	Basic Earnings Per Common Share	$	3.33	$	0.39	$	0.40		$	0.25
	Diluted Earnings Per Common Share	$	3.32	$	0.39	$	0.40		$	0.25
2010	Revenues	$	72,914	$	85,084	$	74,400		$	57,651
	Voyage Expenses	$	54,943	$	61,513	$	49,925		$	42,966
	Impairment Loss		-	$	-	$	25,430			-
	Operating Income (Loss)	$	8,309	$	13,126	$	(10,751	)	$	5,499
	Net Income (Loss)	$	10,568	$	9,616	$	(13,823	)	$	8,941
	Basic and Diluted Earnings (Loss) per Common Share:
	Basic Earnings (Loss) Per Common Share	$	1.46	$	1.33	$	(1.95	)	$	1.26
	Diluted Earnings (Loss) Per Common Share	$	1.44	$	1.32	$	(1.95	)	$	1.25