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Note 12 - Subsequent Events	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	12. Subsequent Events (a) In May 2017, the Company early repaid in full the loan of Xingang Shipping Ltd. guaranteed by Joanna Maritime Ltd. of $1,103,915 earlier than scheduled, and made a pre-payment of $400,000 against the loans of Eirini Shipping Ltd. / Eleni Shipping Ltd. / Areti Shipping Ltd and Pantelis Shipping Corp. As a result, Joanna Maritime Ltd. was released from its mortgage and guarantee and M/V Joanna has become unencumbered. (b) In May 2017, the Company entered in a Memorandum of Agreement to acquire containership M/V EM Astoria, a 2,888 teu vessel built in 2004. The vessel is to be acquired at market price from Euromar LLC, the Company’s joint venture with two private equity firms. The agreement to acquire the vessel includes 100% bank financing and a profit share agreed with the bank.

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- Definition

The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-URI http://asc.fasb.org/topic&trid=2122774

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