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Consolidated Statement of Comprehensive Income (Loss) (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES:      
Revenues $ 20,074 $ 31,428 $ 79,723
Other income     872
EXPENSES:      
Voyage expenses (Note 15) 663 1,023 7,743
Charter hire expenses (Note 8)     2,380
Lease termination expenses (Note 8)     5,750
Vessel operating expenses (Note 15) 745 814 10,368
Dry-docking costs     1,327
Vessel depreciation (Note 4) 6,429 11,458 25,327
Management fees-third parties     439
Management fees-related parties (Notes 1 and 7) 1,351 2,345 5,730
General and administrative expenses 3,258 7,078 15,364
(Gain) on disposal of subsidiaries (Note 19) (1,591)    
Loss/(Gain) on sale of vessels (Note 4) (14)   62,543
Impairment on vessels (Note 4)   61,484 114,674
Operating (loss)/income 9,233 (52,774) (171,050)
OTHER INCOME (EXPENSES):      
Interest and finance costs (Notes 10 and 16) (7,443) (9,345) (16,283)
Loss on derivative financial instruments (Note 18) (171) (447) (1,793)
Interest income 131 175 95
Other, net (342) (1,593) (81)
Total other expenses, net (7,825) (11,210) (18,062)
Net income/(loss) 1,408 (63,984) (189,112)
Comprehensive (loss)/income $ 1,408 $ (63,984) $ (189,112)
(Loss)/earnings per common share, basic (Note 14) (in Dollars per share) $ 0.58 $ (26.36) $ (209.97)
(Loss)/earnings per common share, diluted (Note 14) (in Dollars per share) $ 0.58 $ (26.36) $ (209.97)
Weighted average common shares outstanding, basic (in Shares) 2,437,361 2,427,083 900,668
Weighted average common shares outstanding, diluted (in Shares) 2,444,504 2,427,083 900,668