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UNCONSOLIDATED ENTITIES (Tables)
 12 Months Ended
Dec. 31, 2012
UNCONSOLIDATED ENTITIES [Abstract]  
Condensed Financial Position and Results of Operations of Dry Bulk
The condensed results of operations of Dry Bulk for the period from January 1, 2011 through March 25, 2011, and for the year ended December 31, 2010, respectively, are summarized below:
 
 
 
 
(Amounts in thousands)
 
March 25, 2011
 
 
December 31, 2010
 
Operating Revenues
 
$
4,800
 
 
$
28,222
 
Operating Income
 
 
2,900
 
 
 
22,851
 
Net Income
 
$
2,600
 
 
$
21,364
 
Summarized Equity in Net Income of Unconsolidated Entities
The following table summarizes our equity in net income of unconsolidated entities for the years ended December 31, 2012 and 2011, respectively.
 
 
Years Ended December 31,
 
2012
 
 
2011
(Amounts in thousands)
 
 
 
 
 
Dry Bulk
 
$
-
 
 
$
1,301
 
Oslo Bulk
 
 
1,010
 
 
 
(1,346
)
Tony Bulkers
 
 
(935
)
 
 
(18
)
Other
 
 
(290
)
 
 
(347
)
Total Equity in Net Income of Unconsolidated Entities
 
$
(215
)
 
$
(410
)