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Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2012

Transactions with Related Parties [Abstract]

Schedule of related party transactions

Balance Sheet
			2011			2012
Assets
OOCAPE1 Holdings LLC (g)		$	-		$	147
Total Assets		$	-		$	147
Liabilities
Interchart Shipping Inc. (a)		$	260		$	100
Management and Directors Fees (b)			141			121
Combine Marine Inc. (c)			27			-
Oceanbulk Maritime S.A. (e)			8			-
Maiden Voyage LLC (f)			-			41
Total Liabilities		$	436		$	262
Statements of Operations
			2010			2011			2012
Commission on sale of vessel-Oceanbulk (e)		$	660		$	-		$	91
Voyage expenses-Interchart (a)			1.540			1.237			1.134
Executive directors consultancy fees (b)			874			3.505			453
Non-executive directors compensation (b)			206			151			124
Office rent – Combine Marine Inc (c)			-			48			-
Office rent - Combine Marine Ltd. (d)			-			-			40
Office setup expenses - Oceanbulk (e)			-			148			-
Management fee income - Maiden Voyage LLC (f)			-			-			128
Management fee income - OOCAPE1 Holdings LLC (g)			-			-			76

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- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

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