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FAIR VALUE OF FINANCIAL INSTRUMENTS, DERIVATIVES AND MARKETABLE SECURITIES (Details)
3 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2012
USD ($)
Dec. 31, 2012
USD ($)
Dec. 31, 2012
JPY (¥)
Dec. 31, 2011
USD ($)
Dec. 31, 2010
USD ($)
Dec. 31, 2011
Corporate Bonds [Member]
USD ($)
Dec. 31, 2011
Mutual Funds [Member]
USD ($)
Dec. 31, 2012
Swap 1 [Member]
USD ($)
Dec. 31, 2012
Swap 2 [Member]
USD ($)
Dec. 31, 2012
Swap 3 [Member]
USD ($)
Dec. 31, 2012
Foreign Exchange Contract 1 [Member]
USD ($)
Dec. 31, 2012
Foreign Exchange Contract 2 [Member]
USD ($)
Dec. 31, 2012
Foreign Exchange Contract 3 [Member]
USD ($)
Dec. 31, 2012
Foreign Exchange Contract 4 [Member]
USD ($)
Dec. 31, 2012
Foreign Exchange Contract 5 [Member]
USD ($)
Dec. 31, 2012
Foreign Exchange Contract 6 [Member]
USD ($)
Dec. 31, 2012
Foreign Exchange Contract 7 [Member]
USD ($)
Dec. 31, 2012
Oslo Bulk AS [Member]
Jul. 31, 2011
Oslo Bulk AS [Member]
Dec. 31, 2009
Oslo Bulk AS [Member]
Dec. 31, 2012
Accumulated Other Comprehensive Loss [Member]
USD ($)
Dec. 31, 2011
Accumulated Other Comprehensive Loss [Member]
USD ($)
Dec. 31, 2012
Interest Rate Swaps [Member]
USD ($)
Dec. 31, 2011
Interest Rate Swaps [Member]
USD ($)
Dec. 31, 2012
Interest Rate Swaps [Member]
Interest Expense [Member]
USD ($)
Dec. 31, 2011
Interest Rate Swaps [Member]
Interest Expense [Member]
USD ($)
Dec. 31, 2012
Interest Rate Swap - ST [Member]
USD ($)
Dec. 31, 2011
Interest Rate Swap - ST [Member]
USD ($)
Dec. 31, 2012
Interest Rate Swap - ST [Member]
Current Liabilities [Member]
USD ($)
Dec. 31, 2011
Interest Rate Swap - ST [Member]
Current Liabilities [Member]
USD ($)
Dec. 31, 2012
Interest Rate Swap - LT [Member]
USD ($)
Dec. 31, 2011
Interest Rate Swap - LT [Member]
USD ($)
Dec. 31, 2012
Interest Rate Swap - LT [Member]
Other Liabilities [Member]
USD ($)
Dec. 31, 2011
Interest Rate Swap - LT [Member]
Other Liabilities [Member]
USD ($)
Dec. 31, 2012
Foreign Exchange Contracts [Member]
USD ($)
Dec. 31, 2011
Foreign Exchange Contracts [Member]
USD ($)
Dec. 31, 2012
Foreign Exchange Contracts [Member]
Other Revenues [Member]
USD ($)
Dec. 31, 2011
Foreign Exchange Contracts [Member]
Other Revenues [Member]
USD ($)
Dec. 31, 2012
Foreign Exchange Contracts [Member]
Other Current Assets [Member]
USD ($)
Dec. 31, 2012
Foreign Exchange Contracts [Member]
Current Liabilities [Member]
USD ($)
Dec. 31, 2011
Foreign Exchange Contracts [Member]
Other Assets [Member]
USD ($)
FAIR VALUE OF FINANCIAL INSTRUMENTS, DERIVATIVES AND MARKETABLE SECURITIES [Abstract]                                                                                  
Maximum potential future exposure on derivatives $ 6,800,000 $ 6,800,000                                                                              
Derivatives, Fair Value [Line Items]                                                                                  
Equity investee ownership interest (in hundredths)                                   25.00% 25.00% 25.00%                                          
Unrealized loss related to derivative instruments included in accumulated other comprehensive loss                                         7,400,000 8,600,000                                      
Asset derivatives, current notional amount                                                                     1,700,000 2,400,000          
Liability derivatives, current notional amount                                                     0 12,845,000     74,207,000 [1] 140,455,000 [2]     6,000,000            
Derivatives, current notional amount 81,907,000 81,907,000   155,700,000                                                                          
Asset derivatives, fair value 147,000 147,000   202,000                                             0 0     0 [1] 0 [2]             147,000   202,000
Liability derivatives, fair value (7,940,000) (7,940,000)   (9,446,000)                                                 0 (545,000)     (7,683,000) [1] (8,901,000) [2] 0 0       (257,000)  
Derivative fair value of derivative liability negative balance                                                             1,003,619                    
Loss on early payment of loan                                                             571,000                    
Number of pure car trucks                                                             2                    
Derivative Instruments, Gain (Loss) [Line Items]                                                                                  
Gain (Loss) Recognized in Other Comprehensive Income   1,243,000   101,000                                     1,486,000 72,000                     (243,000) 29,000          
Amount of Gain(Loss) Reclassified from AOCI to Income   (3,286,000)   (3,548,000)                                         (3,106,000) (3,982,000)                     (180,000) 434,000      
Gain(Loss) Recognized in Income from Ineffective portion   (485,000)   (101,000)                                     (485,000) (101,000)                     0 0          
Derivative [Line Items]                                                                                  
Effective Date               Sep. 26, 2005 Sep. 26, 2005 Mar. 15, 2009                                                              
Termination Date               Sep. 28, 2015 Sep. 28, 2015 Sep. 15, 2020                                                              
Current Notional Amount 74,206,901 74,206,901   74,839,660       6,333,333 6,333,333 61,540,235 [3]                                                              
Swap Rate (in hundredths)               4.41% 4.41% 2.065%                                                              
Type               Fixed Fixed Fixed                                                              
Exchange rate       76.92           86.74 13.7787 14.2939 14.5700 80.00 81.02 85.16 85.27                                                
Original funding of vessel's delivery cost (in hundredths)       80.00%           80.00%                                                              
Revised funding of vessel's delivery cost (in hundredths)       65.00%           65.00%                                                              
Reduction in funding of vessel's delivery cost (in hundredths) 15.00% 15.00% 15.00% 15.00%                                                                          
Change in fair value related to ineffective portion of derivative instrument       101,000           87,000                                                              
Repayments of lines of credit     686,318,979                                                                            
Number of foreign currency derivatives held 7 7 7                                                                            
Notional amount of forward purchase contracts                     750,000 250,000 700,000 1,500,000 1,500,000 1,500,000 1,500,000                                                
Projected Peso exposure represented by Mexican Peso foreign exchange contracts (in hundredths) 60.00% 60.00% 60.00%                                                                            
Transaction Date                     May 31, 2012 May 31, 2012 May 31, 2012 Nov. 30, 2012 Nov. 30, 2012 Dec. 31, 2012 Dec. 31, 2012                                                
Transaction Amount 7,700,000 7,700,000                 750,000 250,000 700,000 1,500,000 1,500,000 1,500,000 1,500,000                                                
Effective Date                     Jan. 31, 2013 Jan. 31, 2013 Jun. 30, 2013 Nov. 30, 2012 Nov. 30, 2012 Dec. 31, 2012 Dec. 31, 2012                                                
Expiration Date                     May 31, 2013 May 31, 2013 Dec. 31, 2013 Mar. 31, 2013 Mar. 31, 2013 Dec. 31, 2013 Dec. 31, 2013                                                
Long term debt carrying amount 237,630,000 237,630,000   322,093,000                                                                          
Schedule of Available-for-sale Securities [Line Items]                                                                                  
Marketable securities gain 447,000                                                                                
Gain on sale of investments 580,000 580,000   (747,000) 213,000                                                                        
Available-for-sale Securities [Abstract]                                                                                  
Cost Basis       12,699,000   8,553,000 4,146,000                                                                    
AOCI Unrealized Holding Gains       128,000   70,000 58,000                                                                    
Estimated Fair Value       12,827,000   8,623,000 4,204,000                                                                    
Impairment charges   $ 0   $ 0 $ 0                                                                        
[1] *We have outstanding a variable-to-fixed interest rate swap with respect to a Yen-based facility for the financing of a PCTC delivered in March 2010. The notional amount under this contract is $61,540,235 (based on a Yen to USD exchange rate of 86.74 as of December 31, 2012). With the bank exercising its option to reduce the underlying Yen loan from 80% to 65% funding of the vessel's delivery cost, the 15% reduction represents the ineffective portion of this swap, which consists of the portion of the derivative instrument that is no longer supported by underlying borrowings. The change in fair value related to the ineffective portion of this swap was a $87,000 gain for the year ended December 31, 2012 and this amount was included in earnings. We paid down this facility in January 2012 in an amount of Yen 686,318,979 to bring our Asset Maintenance Loan to Value Facility requirement in line. The fair value balance as of December 31, 2012, includes a negative $1,003,619 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS. Also included in earnings is a $571,000 loss, related to the early pay-off of loans relating to two of our Pure Car Truck Carriers that were part of our recent Sale Leasebacks.
[2] *We have outstanding a variable-to-fixed interest rate swap with respect to a Yen-based facility for the financing of a PCTC delivered in March 2010. The notional amount under this contract is $74,839,660 (based on a Yen to USD exchange rate of 76.92 as of December 31, 2011). With the bank exercising its option to reduce the underlying Yen loan from 80% to 65% funding of the vessel's delivery cost, the 15% reduction represents the ineffective portion of this swap, which consists of the portion of the derivative instrument that is no longer supported by underlying borrowings. The change in fair value related to the ineffective portion of this swap was a $101,000 loss for the year ended December 31, 2011 and this amount was included in earnings.
[3] *Notional Amount converted from Yen at December 31, 2012 at a Yen to USD exchange rate of 86.74