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Unaudited Condensed Consolidated Statements of Income (USD $)
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Revenues    
Revenues $ 82,108,144 $ 86,735,515
Revenues – related party 7,340,891 1,891,884
Total revenues 89,449,035 88,627,399
Expenses    
Voyage expenses 9,894,145 7,753,002
Voyage expenses – related party 1,089,651 1,094,730
Vessels' operating expenses 23,447,417 21,972,357
Vessels' operating expenses – related party 3,066,316 885,261
Dry-docking costs 2,456,614 2,045,656
Management fees – related party 3,502,450 3,207,885
General and administrative expenses 1,892,747 2,151,866
Depreciation 22,671,019 21,442,465
Net gain on sale of vessels   (1,372,409)
Total expenses 68,020,359 59,180,813
Income from operations 21,428,676 29,446,586
Other income and (expenses)    
Interest and finance costs (5,932,624) (7,250,396)
(Loss)/gain on derivatives 64,611 (1,153,309)
Interest income 203,666 169,844
Foreign exchange loss (79,232) (13,316)
Other expenses, net (5,743,579) (8,247,177)
Net income $ 15,685,097 $ 21,199,409
Earnings per share    
- Basic (in Dollars per share) $ 0.58 $ 1.03
- Diluted (in Dollars per share) $ 0.58 $ 1.03
Weighted average number of shares    
-Basic (in Shares) 26,997,623 20,552,568
-Diluted (in Shares) 26,997,623 20,552,568