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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash Flows provided by Operating Activities:      
Net (loss)/income $ 1,408 $ (63,984) $ (189,112)
provided by operating activities:      
Depreciation 6,763 12,510 27,156
Amortization and write off of deferred financing costs 1,815 1,437 2,234
Amortization of debt discount   371 3,965
Translation gain of foreign currency denominated loan   70 (294)
Provision for service leaving indemnities (37)    
Stock-based compensation expense 345 378 1,412
Change in fair value of derivative financial instruments (Note 18) (2,313) (2,656) (2,835)
Loss on sale of other fixed assets 3 178 81
Loss/(Gain) on sale of vessels (14)   62,543
(Gain) on disposal of subsidiaries (Note 19) (1,591)    
Vessels impairment charge   61,484 114,674
Provision for doubtful accounts   256  
Increase (Decrease) in:      
Trade accounts receivable 384 1,281 (2,189)
Deferred vessel lease payments     543
Insurance claims   4 (876)
Inventories     660
Advances to various creditors 9 105 (57)
Prepayments and other 571 462 632
Due from related parties   74 (74)
Other long term receivable   1,841 (1,841)
Increase (Decrease) in:      
Due to related parties (1,343) 587 (234)
Accounts payable (1,650) (4,426) 2,473
Other non-current liabilities (800) 4,706  
Accrued liabilities 68 (136) (75)
Unearned revenue (548) 587 (3,007)
Net Cash provided by Operating Activities 3,070 15,129 15,779
Cash Flows provided by Investing Activities:      
Advances for vessels under construction (Note 5) (14,400)    
Insurance claims recoveries     872
Decrease in restricted cash 2,563 5,949 6,158
Net proceeds from sale of vessels (Note 4) 25,214   118,220
Net proceeds from disposal of subsidiaries (Note 19) 37,552    
Net proceeds from sale of other fixed assets 65 60 35
Acquisition of other fixed assets   (7) (356)
Net Cash provided by Investing Activities 50,994 6,002 124,929
Cash Flows used in Financing Activities:      
Proceeds from convertible debt     2,000
Proceeds from debt   500 2,782
Principal payments of debt (11,120) (16,656) (27,637)
Prepayment of debt (30,326) (4,975) (124,000)
Derivative financial instrument termination payments     (364)
Proceeds from issuance of common stock, net of issuance costs     6,833
Payment of financing costs (2,837)   (616)
Net Cash used in Financing Activities (44,283) (21,131) (141,002)
Net (decrease)/increase in cash and cash equivalents 9,781   (294)
Effect of exchange rate changes on cash (75)   294
Cash and cash equivalents at end of the year 9,706      
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest paid net of capitalized interest $ 5,621 $ 6,837 $ 10,180