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STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
STATEMENTS OF OPERATIONS [Abstract]      
Voyage Revenues $ 130,682 $ 94,787 $ 126,416
Voyage Expenses (38,670) (14,921) 0
Vessel Operating Expenses - excluding depreciation expense presented below (63,965) (54,859) (47,113)
General and Administrative Expenses (14,700) (15,394) (15,980)
Depreciation Expenses (69,219) (64,626) (62,545)
Impairment Loss on Vessel (12,030) 0 0
Loss on Contract 0 (16,200) 0
Net Operating (Loss) Income (67,902) (71,213) 778
Interest Income 357 1,187 632
Interest Expenses (5,854) (2,130) (1,971)
Other Financial Income (Expenses) 207 (142) (248)
Total Other Expenses (5,290) (1,085) (1,587)
Net (Loss) Income $ (73,192) $ (72,298) $ (809)
Basic (Loss) Earnings per Share (in dollars per share) $ (1.39) $ (1.53) $ (0.02)
Diluted (Loss) Earnings per Share (in dollars per share) $ (1.39) $ (1.53) $ (0.02)
Basic Weighted Average Number of Common Shares Outstanding (in shares) 52,547,623 47,159,402 46,551,564
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 52,547,623 47,159,402 46,551,564