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NORDIC GALAXY (Details) (USD $)
 1 Months Ended 12 Months Ended
Feb. 29, 2012
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
NORDIC GALAXY [Abstract]        
Number of newbuildings       2
Total cost, per vessel       $ 90,000,000
Deposit on contract   0 9,000,000 9,000,000
Amount sought by seller     26,800,000  
Loss on settlement     16,200,000  
Net outstanding loan to seller     10,600,000  
Interest income     1,200,000  
Legal fees of the Seller     1,200,000  
Legal fees   0 2,362,000 1,500,000
Subsequent deposit on contract received 9,000,000      
Subsequent interest income received $ 200,000