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Consolidated Statement of Operations (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUE      
Revenues $ 35,867,356 $ 25,172,654 $ 22,375,414
OPERATING EXPENSES      
Commissions and voyage related costs 2,523,842 789,149 468,067
Vessel operating expenses 18,215,487 14,598,071 12,186,825
Charter hire costs 0 1,699,943 1,663,380
Depreciation 8,388,208 6,195,416 5,343,091
Amortization of deferred drydock expenditure 1,420,814 441,491 0
General and administrative expenses 5,669,935 2,975,139 2,599,031
Total operating expenses 36,218,286 26,699,209 22,260,394
(Loss) / profit from operations (350,930) (1,526,555) 115,020
Interest expense and finance costs (3,464,006) (2,966,014) (3,080,472)
Interest income 6,059 4,713 3,608
Loss before taxes (3,808,877) (4,487,856) (2,961,844)
Income tax (33,726) (51,237) (13,426)
Net loss $ (3,842,603) $ (4,539,093) $ (2,975,270)
Loss per share, basic and diluted (in dollars per share) $ (0.31) $ (0.56) $ (0.37)
Weighted average number of common shares, basic and diluted 12,241,599 8,049,500 8,049,500