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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net loss $ (8,121) $ (2,046)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 7,367 7,321
Amortization of deferred financing costs 232 232
Amortization of nonvested stock compensation expense 974 1,551
Change in assets and liabilities:    
Increase in due from charterers (336) (189)
Increase in prepaid expenses and other current assets (181) (598)
Increase (decrease) in accounts payable and accrued expenses 292 (384)
Decrease in due to Parent (11) (404)
Decrease in deferred revenue (2) (104)
Net cash provided by operating activities 214 5,379
Cash flows from investing activities:    
Purchase of fixed assets (5)  
Purchase of vessels, including deposits   (1,986)
Net cash used in investing activities (5) (1,986)
Cash flows from financing activities:    
Cash dividends paid (4,086) (5,196)
Payment of deferred financing costs   (139)
Net cash used in financing activities (4,086) (5,335)
Net decrease in cash and cash equivalents (3,877) (1,942)
Cash and cash equivalents at beginning of period 8,300 5,797
Cash and cash equivalents at end of period $ 4,423 $ 3,855