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Note 10 - Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Debt [Table Text Block]

Term Loans			Original				December 31,				Movement in 2012								December 31,
Issue Date	Maturity Date		amount				2011				Additions				Repayments				2012
December 5, 2005	May 30, 2016			100,067,500				46,831,735				-				(6,409,852	)			40,421,883
May 17, 2006	May 9, 2016			79,850,000				27,297,823				-				(4,797,823	)			22,500,000
June 6, 2006	June 28, 2016			6,580,000				3,184,720				-				(473,760	)			2,710,960
June 21, 2007	December 21, 2017			49,875,000				34,600,514				-				(3,755,500	)			30,845,014
February 12, 2008	February 19, 2020			40,250,000				29,375,000				-				(2,500,000	)			26,875,000
July 30, 2008	November 4, 2020			33,240,000				27,423,000				-				(1,939,000	)			25,484,000
Octrober 9, 2008	October 9, 2020			29,437,000				24,285,502				-				(14,075,502	)			10,210,000
January 30, 2009	July 20, 2016			45,000,000				40,750,000				-				(3,400,000	)			37,350,000
February 18, 2009	July 5, 2014			32,200,000				26,130,423				-				(2,514,164	)			23,616,259
February 19, 2009	July 14, 2019			29,250,000				23,850,000				-				(1,770,000	)			22,080,000
June 25, 2009	July 2, 2014			26,700,000				19,589,464				-				(2,155,268	)			17,434,196
February 1, 2011	September 1, 2018			49,400,000				47,750,000				-				(3,300,000	)			44,450,000
March 1, 2011	June 20, 2020			43,250,000				-				43,250,000				(1,875,000	)			41,375,000
Total								351,068,181				43,250,000				(48,965,869	)			345,352,312
Current portion of long-term debt								33,166,887												35,787,544
Current portion of long-term debt associated with vessel held for sale								791,823												-
Long term debt								317,109,471												309,564,768

Schedule of Maturities of Long-term Debt [Table Text Block]

December 31,		Amount

2013			35,787,544
2014			67,499,135
2015			32,231,626
2016			76,293,507
2017			28,461,500
Thereafter			105,079,000
Total			345,352,312