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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues [Abstract]      
Revenues $ 118,280,752 $ 111,409,623 $ 113,045,961
Costs And Expenses [Abstract]      
Voyages expenses 17,829,220 13,680,008 10,522,573
Vessels operating expenses 36,558,153 38,338,063 38,001,481
Drydocking Costs 3,443,491 2,716,378 1,266,455
Management Fees 4,760,865 5,184,055 5,230,990
Other General And Administrative Expense 2,646,418 3,031,491 3,564,779
Depreciation Nonproduction 27,562,120 26,624,098 26,766,672
Impairment Of Long Lived Assets To Be Disposed Of     9,867,777
Forfeiture of vessels deposit and contract termination fees     16,500,000
Other General Expense   (228,000) (753,000)
Net (gain) loss on sale of vessels 5,654,178 (960,696) 791,659
Costs And Expenses 98,454,445 88,385,397 111,759,386
Operating Income Loss 19,826,307 23,024,226 1,286,575
Nonoperating Gains Losses [Abstract]      
Interest and finance costs 8,510,516 7,672,848 9,109,222
Increase Decrease In Fair Value Of Unhedged Derivative Instruments (2,931,404) (6,071,638) (5,478,163)
Investment Income Interest 83,059 315,517 250,326
Foreign Currency Transaction Gain Loss Before Tax 82,345 1,497,934 (261,401)
Nonoperating Gains Losses (11,276,516) (11,931,035) (14,598,460)
Profit Loss $ 8,549,791 $ 11,093,191 $ (13,311,885)
Earnings Per Share Basic $ 0.41 $ 0.51 $ (0.60)
Earnings Per Share Diluted $ 0.41 $ 0.51 $ (0.60)
Weighted Average Number Of Shares Outstanding Basic 20,909,154 21,539,331 22,219,442
Weighted Average Number Of Diluted Shares Outstanding 20,909,154 21,539,331 22,219,442
Common Stock Dividends Per Share Declared     $ 0.1875