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Transactions with Related Parties | 12 Months Ended
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Dec. 31, 2012
Related Party Transaction Due From To Related Party [Abstract] |
Transactions with Related Parties | 3. T ransactions with Related Parties Diana Shipping Services S.A. (“DS S” or the “Manager”): DSS, a wholly owned subsidiary o f Diana Shipping Inc., a Company's major shareholder, provide s (i) administrative services under an Administrative Service s Agreement, for a monthly fee of $10; (ii) brokerage services pursuant to a Broker Services Agreement that DSS has entered into with Diana Enterprises Inc. (“Diana Enterprises”), a related party controlled by the Company's Chief Executive Officer and Chairman Mr. Symeon Palios, for annual fees of $1,040 until the completion of the public offering on June 15, 2011 and $1,300 thereafter; (iii) commercial and technical services pursuant to Vessel Management Agreements, signed between each shipowning company and DSS, under which the Company pays a commission of 1% of the gross charterhire or freight earned by each vessel and a technical management fee of $15 per vessel per month for employed vessels and $20 per vessel per month for laid-up vessels. For 2012 and 2011 and for the period from January 7 (inception date) to December 31, 2010, DSS charged the C ompany the following amounts for (i) management fees and commissions under the Vess el Management Agreements, (ii) administrative fees under the Administrative Services Agreement and (iii) brokerage fees attributable to Diana Enterprises under the Broker Services Agreement be tween DSS and Diana Enterprises:
|  |  |  |  |  | For the period from January 7, 2010 (inception date) to December 31, 2010
|  | For the years ended December 31, |
|  | 2012 |  | 2011 |
Management fees, including capitalized fees | $ | 1,641 | $ | 758 | $ | 203
Commissions |  | 687 |  | 270 |  | 57
Administrative fees |  | 120 |  | 120 |  | 88
Brokerage fees |  | 1,300 |  | 1,182 |  | 607
Part of the m anagement fees is separately presented in Management fees in the accompanying consolidated statements of operations and the other part is included in Vessels and in Advances for vessel acquisitions and other vessel cost in the accompanying consolidated balance sheet s. Commissions are included in Voyage expenses in the accompanying consolidated statements of operations (Note 10). Administrative and brokerage fees are included in General and administrative expenses in the accompanying consolidated statements of operations. As at December 31, 2012 and December 31, 2011, an amount of $612 and $263, respectively, was due to DSS and comprises a significant part of the account Due to related part ies in the accompanying consolidated balance sheet s.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 57 -Paragraph 1-4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 + Details
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