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Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
OPERATING REVENUES      
Time charter revenue $ 30,890 $ 35,334 $ 37,881
Time charter revenue - related party 126,207 123,944 128,956
Total operating revenue 157,097 159,278 166,837
OPERATING EXPENSES:      
Vessel operating expenses 47,584 41,098 43,757
Vessel operating expenses - related parties 1,689 1,599 1,599
Time charter and voyage expenses 1,352 962 705
Time charter and voyage expenses - related party 222 0 0
Depreciation and amortization 35,455 37,981 42,805
Impairment of vessels 71,834 87,624 92,422
General and administrative expenses 9,221 5,367 6,224
Operating Loss (10,260) (15,353) (20,675)
NON OPERATING INCOME/(EXPENSES)      
Interest income 1,425 489 198
Interest and other finance expenses (48,686) (59,413) (44,788)
Other income, net 212 51 216
Total non operating expenses (47,049) (58,873) (44,374)
Loss before income taxes (57,309) (74,226) (65,049)
Income taxes (55) (40) (46)
Net Loss (57,364) (74,266) (65,095)
Earnings allocated to Series B Preferred Shares (3,062) (3,062) (3,062)
Net Loss available to Common Shareholders $ (60,426) $ (77,328) $ (68,157)
Common Class A [Member]      
Weighted average number of common shares outstanding      
Basic and diluted 6,514,390 5,996,986 5,981,794
Net loss per common share      
Basic and diluted $ (7.42) $ (12.89) $ (11.39)
Common Class B [Member]      
Weighted average number of common shares outstanding      
Basic and diluted 925,745 925,745 925,745
Net loss per common share      
Basic and diluted $ 0 $ 0 $ 0