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Unaudited Condensed Consolidated Statements of Operations (USD $)
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Revenues    
Voyage revenue $ 20,048,813 $ 21,325,722
Related party revenue 120,000 120,000
Commissions (1,030,826) (962,283)
Net revenue 19,137,987 20,483,439
Operating expenses    
Voyage expenses 1,138,951 997,718
Vessel operating expenses 12,036,879 12,558,899
Drydocking expenses 1,372,211 2,878,644
Vessel depreciation 5,825,417 8,501,893
Net loss on sale of vessel   3,191,678
Management fees 2,430,598 2,473,650
Other general and administrative expenses 1,978,792 1,754,396
Total operating expenses 24,782,848 32,356,878
Operating loss (5,644,861) (11,873,439)
Other income/(expenses)    
Interest and other financing costs (957,923) (968,577)
Loss on derivatives, net (95,865) (2,027)
Other investment income 475,000  
Foreign exchange gain 404 3,766
Interest income 255,269 236,818
Other expenses, net (323,115) (730,020)
Equity loss in joint venture (1,262,204) (897,459)
Net loss (7,230,180) (13,500,918)
Dividend Series B preferred shares (651,416)  
Net loss available to common shareholders $ (7,881,596) $ (13,500,918)
Loss per share, basic and diluted (in Dollars per share) $ (0.15) $ (0.30)