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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net Cash Provided By Used In Operating Activities [Abstract]      
Profit Loss $ 8,549,791 $ 11,093,191 $ (13,311,885)
Depreciation Nonproduction 27,562,120 26,624,098 26,766,672
Amortization of deferred charges 395,446 508,686 202,770
Amortization Of Intangible Assets     (181,552)
Effect Of Exchange Rate On Cash And Cash Equivalents (6,868) (1,690,528)  
Forfeiture of vessels deposit and contract termination fees     16,500,000
Share Based Compensation 4,071 154,442 573,855
Unrealized Gain Loss On Derivatives 3,734,845 (15,993) 1,454,894
Impairment Of Long Lived Assets To Be Disposed Of     9,867,777
Net (gain) loss on sale of vessels 5,654,178 (960,696) 791,659
Increase Decrease In Accounts Receivable 910,922 (601,406) 716,483
Increase Decrease In Contract Receivables Net (715,934) (580,579) (642,259)
Increase Decrease In Inventories (576,016) 306,827 (892,777)
Increase Decrease In Prepaid Expense 148,503 (151,256) 186,784
Increase Decrease In Accounts Payable Related Parties (1,640,382) 2,205,275 4,902,720
Increase Decrease In Accounts Payable Trade 1,692,418 537,841 967,373
Increase Decrease In Accrued Liabilities (684,432) (661,728) 1,577,225
Increase Decrease In Other Accrued Liabilities (2,687,500) (8,062,500)  
Increase Decrease In Deferred Revenue 34,556 (889,333) (1,132,396)
Net Cash Provided By Used In Operating Activities 42,375,718 27,816,341 48,347,343
Net Cash Provided By Used In Investing Activities [Abstract]      
Proceeds From Insurance Settlement Investing Activities (595,926) (678,036) (755,713)
Advances for vessel under construction and acquisitions 54,981,190 70,855,294 112,312,053
Proceeds From Sale Of Property Plant And Equipment (25,001,033) (37,100,890) (11,669,374)
Increase Decrease In Restricted Cash (2,209,165) (96,010) (1,676,749)
Net Cash Provided By Used In Investing Activities 31,593,396 33,172,378 101,563,715
Net Cash Provided By Used In Financing Activities [Abstract]      
Proceeds from (Repurchase of) Equity (2,234,214) (6,280,327)  
Payments of Dividends (Inflow)/Outflow     4,183,146
Proceeds from (Payments for) Other Financing Activities (785,000) (360,000) (1,119,300)
Proceeds from customer deposits 275,000 285,000  
Payments for customer deposits (285,000) (3,522,287) (1,381,099)
Proceeds from Other Debt (43,417,768) (45,736,121) (26,021,803)
Proceeds from (Repayments of) Other Long-term Debt 49,400,000 45,000,000 88,150,000
Net Cash Provided By Used In Financing Activities 2,953,018 (10,613,735) 55,444,652
Foreign Currency Transaction Gain Loss Unrealized 6,868 1,690,528  
Cash And Cash Equivalents Period Increase Decrease 13,742,208 (14,279,244) 2,228,280
Cash And Cash Equivalents At Beginning Of Period 29,797,095 44,076,339 41,848,059
Cash And Cash Equivalents At End Of Period 43,539,303 29,797,095 44,076,339
Supplemental Cash Flow Information [Abstract]      
Interest Paid Net $ 7,566,151 $ 6,755,101 $ 8,716,032