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Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Statements of Operations [Abstract]    
Voyage Revenues $ 70,158 $ 105,951
Voyage Expenses (9,548) 0
Vessel Operating Expense - excluding depreciation expense presented below (39,467) (35,263)
General and Administrative Expense (10,607) (10,612)
Loss on Contract (16,200) 0
Depreciation Expense (47,587) (46,846)
Net Operating Income (Loss) (53,251) 13,230
Interest Income 1 564
Interest Expense (1,303) (1,568)
Other Financial Income (Expense) (92) (195)
Total Other Expenses (1,394) (1,199)
Net Income (Loss) $ (54,645) $ 12,031
Basic Earnings (Loss) per Share (in dollars per share) $ (1.16) $ 0.26
Diluted Earnings (Loss) per Share (in dollars per share) $ (1.16) $ 0.26
Basic Weighted Average Number of Common Shares Outstanding (in shares) 47,111,266 46,434,552
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 47,111,266 46,434,552