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Unaudited Interim Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows from Operating Activities:    
Net income / (loss) $ (3,870) $ 1,964
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 9,777 8,070
Amortization of fair value of above market acquired time charters (Note 7) 3,149 3,150
Amortization of deferred finance charges (Note 8) 284 292
Loss on sale of vessel (Note 5) 0 81
Stock-based compensation (Note 13) 1,903 600
Change in fair value of financial derivatives (Note 15) 819 (438)
Bad debt expense 215 0
Gain from insurance claim (Note 10) (237) (397)
Changes in operating assets and liabilities:    
Trade accounts receivable (1,223) 4,257
Inventories (Note 4) (3,501) (112)
Prepaid expenses and other receivables (602) 151
Due from related parties (Note 3) (1,467) 129
Accounts payable 2,060 (1,875)
Due to related parties (Note 3) 917 139
Accrued liabilities and other liabilities 2,207 (608)
Deferred revenue 54 (441)
Net cash provided by Operating Activities 10,485 14,962
Cash Flows from Investing Activities:    
Advances for vessels under construction and acquisition of vessels and other assets (Note 6) (74,267) (827)
Long term Investment (200) 0
Cash proceeds from vessel sale (Note 5) 0 8,273
Insurance proceeds 550 1,230
Decrease in restricted cash 22 7,614
Increase in restricted cash (4,102) 0
Net cash provided by / (used in) Investing Activities (77,997) 16,290
Cash Flows from Financing Activities:    
Proceeds from bank loans 74,000 0
Loan repayment (10,452) (25,601)
Financing fees paid (914) (271)
Net cash (used in) / provided by Financing Activities 62,634 (25,872)
Net increase / (decrease) in cash and cash equivalents (4,878) 5,380
Cash and cash equivalents at the beginning of the period 44,298 12,950
Cash and cash equivalents at the end of the period 39,420 18,330
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest $ 2,540 $ 3,369