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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2012
Derivative Instruments (Abstract)  
Derivative liabilities - Fair value (Table Text Block)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
December 31, 2012
 
 
December 31, 2011
 
  
Interest Rate Swaps
 
 
Total
 
 
Interest Rate Swaps
 
 
Total
Short-term liabilities
  
$
467
 
 
$
467
 
 
 
8,255  
  
 
 
 8,255  
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term liabilities
  
$
-
 
 
$
-
 
 
$
        4,422
 
 
$
4,422
 
  
$
467
 
 
$
467
 
 
$
12,677
 
 
$
12,677
Derivative instruments - Balance Sheet (Table Text Block)
 
 
 
 
 
 
 
 
 
Derivative Liabilities
  
 
 
Balance sheet location
  
As of December 31, 2012
Fair value
 
  
As of December 31, 2011
Fair value
 
Derivatives designated as hedging instruments - effective hedges
  
 
 
 
  
 
 
 
Derivative instruments long-term liabilities.
  
$
-
  
  
$
4,422
  
Derivative instruments short-term liabilities.
  
$
100
  
  
 
839  
  
 
  
 
 
 
  
 
 
 
 
 
 
Total derivatives not designated as hedging instruments - ineffective hedges
  
 
 
 
  
 
 
 
Derivative instruments short-term liabilities.
  
$
367
  
  
 
7,416  
  
Total Derivative Liabilities
  
$
467
  
  
$
12,677
  
 
  
 
 
 
  
 
 
 
Schedule Of Derivative Instruments Gain (Loss) In Statement Of Financial Performance (Table Text Block)
Derivatives designated in cash flow hedging relationships recognized in OCI (Effective Portion)
Change in Fair Value of hedging instrument recognized in OCI (Effective Portion)
Location of Gain/(loss) Reclassified into consolidated statements of comprehensive (loss) / income (Effective Portion)
Amount of Loss Reclassified from OCI into consolidated statements of comprehensive (loss) / income (Effective Portion)
Amount of Gain recorded in  OCI (Effective Portion)
Location of Gain/(loss) Recognized in the consolidated statements of comprehensive (loss) / income (ineffective portion)
Amount of Gain/ (Loss) recognized the consolidated statements of comprehensive (loss) / income
 
2012
2011
2010
 
2012
2011
2010
2012
2011
2010
 
2012
2011
2010
Interest rate swaps
(1,903)
(4,234)
(17,159)
Interest expense and finance cost
(12,665)
(21,752)
(21,585)
10,762
17,518
4,426
Gain on interest rate swap agreement
1,448
2,310
-
Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis (Table Text Block)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
Quoted Prices
in Active
Markets for
Identical Assets
 
  
Significant
Other
Observable
Inputs
 
 
Significant
Unobservable
Inputs
 
Derivatives
  
Total
 
 
(Level 1)
 
  
(Level 2)
 
 
(Level 3)
 
December 31, 2011
  
$
(12,677
 
 
—  
  
  
$
(12,677
 
 
—  
  
December 31, 2012 
  
$
(467
 
 
—  
  
  
$
(467
 
 
—  
  
Schedule Of Cash Flow Hedging Instruments (Table Text Block)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bank
    
Currency
    
Notional
Amount
 
    
Fixed
Rate
 
  
Trade date
    
Value date
    
Maturity date
    
Fair market value as
of December 31, 2012
HSH Nordbank
    
USD
    
 
11,500
  
    
 
3.8950
  
04.24.2008
    
04.30.2008
    
03.28.2013
    
 
100
Schedule Of Derivatives Not Designated As Cash Flow Hedging Instruments (Table Text Block)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bank
    
Currency
    
Notional
Amount
 
    
Fixed Rate
 
  
Trade date
    
Value date
    
Maturity date
    
Fair market
value as of
December 31,
2012
HSH Nordbank
    
USD
    
 
1,584
  
    
 
4.099
  
08.14.2008
    
08.20.2008
    
03.28.2013
    
 $
14
HSH Nordbank
    
USD
    
 
46,000
  
    
 
3.5250
  
03.25.2008
    
03.27.2008
    
03.27.2013
    
 
353
Total derivative
instruments fair
value
    
 
 
 
    
 
 
 
  
 
    
 
    
 
    
 $
367