XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unaudited Interim Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Revenues:    
Voyage revenues $ 35,362 $ 49,670
Management fee income (Note 3) 456 137
Total revenues 35,818 49,807
Expenses    
Voyage expenses 4,505 14,029
Vessel operating expenses 13,732 14,169
Dry docking expenses 572 1,026
Depreciation 8,070 19,197
Gain on derivative instruments, net (Note 15) (438) (64)
General and administrative expenses 4,709 5,337
Gain on time charter agreement termination (Note 7) 0 (6,454)
Other operational loss (Note 11) 562 0
Other operational gain (Note 10) (1,647) (140)
Loss on sale of vessel (Note 5) 81 3,164
Total Operating Expenses 30,146 50,264
Operating (loss) / income 5,672 (457)
Other Income/ (Expenses):    
Interest and finance costs (Note 8) (3,794) (4,142)
Interest and other income 86 139
Total other expenses, net (3,708) (4,003)
Net (loss) / income $ 1,964 $ (4,460)
(Loss) / Earnings per share, basic (Note 12) $ 0.36 $ (0.83)
(Loss) / Earnings per share, diluted (Note 12) $ 0.36 $ (0.83)
Weighted average number of shares outstanding, basic (Note 12) 5,414,998 5,385,359
Weighted average common shares outstanding, diluted (Note 12) 5,443,639 5,385,359