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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net loss $ (12,942) $ (2,241)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 11,090 11,045
Amortization of deferred financing costs 350 350
Amortization of nonvested stock compensation expense 1,377 2,174
Change in assets and liabilities:    
Decrease (increase) in due from charterers 1,058 (494)
Increase in prepaid expenses and other current assets (708) (193)
Decrease in accounts payable and accrued expenses (157) (411)
Decrease in due to Parent (30) (388)
Increase (decrease) in deferred revenue 149 (233)
Net cash provided by operating activities 187 9,609
Cash flows from investing activities:    
Purchase of fixed assets (5)  
Purchase of vessels, including deposits   (2,516)
Net cash used in investing activities (5) (2,516)
Cash flows from financing activities:    
Cash dividends paid (5,221) (7,455)
Payment of deferred financing costs   (139)
Net cash used in financing activities (5,221) (7,594)
Net decrease in cash and cash equivalents (5,039) (501)
Cash and cash equivalents at beginning of period 8,300 5,797
Cash and cash equivalents at end of period $ 3,261 $ 5,296