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Note 20 - Subsequent Events
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Subsequent Events [Text Block]
20.
Subsequent Events
 
(a) On
March
1,
2017
the Company, following the term sheet of
May
13,
2016,
entered into a term loan with the bank to partially finance the acquisition of
two
LPG carriers on their delivery. The aggregate term loan is up to
$76,020,000
and will be drawn down in
two
tranches upon the delivery of each vessel. The total facility will be repayable, with the
first
installment commencing
three
months after the drawdown, in
thirty
two
consecutive quarterly installments plus a balloon payment payable together with the last installment.
 
(b) On
January
3,
2017,
January
19,
2017
and
March
16,
2017,
the Company paid to the shipbuilder
three
installments amounting to
$15,624,000
for
two
LPG carriers under construction contracted in
2014.