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Transactions with Related Parties (Tables)
6 Months Ended
Jun. 30, 2012
Transactions with Related Parties (Abstract)  
Schedule of related party transactions
Note 3 Transactions with related parties
Balance Sheet
 
December 31, 2011
 
 
June 30,
2012
 
Liabilities
 
 
 
 
 
 
Interchart Shipping Inc. (a)
 
$
260
 
 
$
190
 
Management and Directors Fees (b)
 
 
141
 
 
 
60
 
Combine Marine Inc. (c)
 
 
27
 
 
 
-
 
Oceanbulk Maritime S.A. (e)
 
 
8
 
 
 
-
 
Total Liabilities
 
$
436
 
 
$
250
 
 
Statement of Operations
 
 
 
Six-month period ended
June 30,
 
 
 
2011
 
 
2012
 
Voyage expenses-Interchart (a)
 
 
636
 
 
 
710
 
Executive directors consultancy fees (b)
 
 
2,941
 
 
 
228
 
Non-executive directors compensation (b)
 
 
80
 
 
 
67
 
Commission on sale of vessel - Oceanbulk (e)
 
 
-
 
 
 
91
 
Office setup expenses  - Oceanbulk (e)
 
 
72
 
 
 
-
 
Office Rent - Combine Marine Ltd. (d)
 
 
-
 
 
 
19