Investment Exchange And Vessel Resale	3 Months Ended
Mar. 31, 2016
Investment Exchange And Vessel Resale [Abstract]
Investment Exchange And Vessel Resale	NOTE 8 – INVESTMENT EXCHANGE AND VESSEL RESALE As discussed elsewhere herein, in February of 2016, we exchanged our 25% and 23.68% shareholding interests in Oslo Bulk AS and Oslo Bulk Holding Pte Ltd, respectively, for 100% ownership in a 2008 mini-bulk carrier. There was no cash exchanged in this transaction. In accordance with ASC 845 – Nonmonetary Transactions, since the investments were held for sale in the ordinary course of business to facilitate revenue-generating activities, we determined that the asset would be transferred at the carrying value of the combined investments, which was approximately $5.9 million. Accordingly, no gain or loss was recorded in connection with this exchange. Immediately following the exchange, we sold the 2008 mini-bulker to an Indonesian shipping company in exchange for a 10-year, fully amortizing note with an interest rate of 7.5% and secured by a mortgage of the vessel and the earnings from the contract with an Indonesian mining company. The sales price of $14.0 million was supported by the contract between the two Indonesian companies. The gain generated from this transaction was approximately $8.1 million, which we deferred and will amortize using the straight-line method over the same 10-year term as the note receivable. At March 31, 2016, we had $1.4 million included in current notes receivable and $12.6 million included in long-term notes receivable. Additionally, we had deferred gains of approximately $0.8 million included in current liabilities and $7.3 million included in other long-term liabilities. As discussed further in Note 22 – Subsequent Events, we have provided technical services on behalf of the owner of the 2008 mini-bulker since April 1, 2016.

NOTE 8 – INVESTMENT EXCHANGE AND VESSEL RESALE

As discussed elsewhere herein, in February of 2016, we exchanged our 25% and 23.68% shareholding interests in Oslo Bulk AS and Oslo Bulk Holding Pte Ltd, respectively, for 100% ownership in a 2008 mini-bulk carrier. There was no cash exchanged in this transaction. In accordance with ASC 845 – Nonmonetary Transactions, since the investments were held for sale in the ordinary course of business to facilitate revenue-generating activities, we determined that the asset would be transferred at the carrying value of the combined investments, which was approximately $5.9 million. Accordingly, no gain or loss was recorded in connection with this exchange.

Immediately following the exchange, we sold the 2008 mini-bulker to an Indonesian shipping company in exchange for a 10-year, fully amortizing note with an interest rate of 7.5% and secured by a mortgage of the vessel and the earnings from the contract with an Indonesian mining company. The sales price of $14.0 million was supported by the contract between the two Indonesian companies. The gain generated from this transaction was approximately $8.1 million, which we deferred and will amortize using the straight-line method over the same 10-year term as the note receivable.

At March 31, 2016, we had $1.4 million included in current notes receivable and $12.6 million included in long-term notes receivable. Additionally, we had deferred gains of approximately $0.8 million included in current liabilities and $7.3 million included in other long-term liabilities.

As discussed further in Note 22 – Subsequent Events, we have provided technical services on behalf of the owner of the 2008 mini-bulker since April 1, 2016.