Note 9 - Debt (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Debt [Table Text Block]

	December 31, 2011			December 31, 2012
Borrower / Vessel(s)
HSH
Warhol / Miss Marilena		32,932			29,456
Indiana / Tyrrhenian Wave		23,911			21,224
Britto / Britto		29,500			26,393
Jeke / Evian (ex Papillon)*					15,662
DVB
Banksy / Ionian Wave**		21,110			-
Hongbo / Hongbo		26,306			24,289
Hongbo / Bridge Loan		4,928			3,520
ALPHA
Lichtenstein / Lichtenstein		29,179			26,819
LAURASIA TRADING***
The Company		3,942			3,032
Debt Discount		(371	)
LOANS FROM RELATED PARTIES
CENTRAL MARE INC
The Company		2,147			2,218
SHIPPING FINANCIAL SERVICES INC
The Company		396			414
Total		173,980			153,027
Less-current portion		(173,980	)		(153,027	)

Borrower / Vessel(s)	December 31,		December 31,
		2011		2012
Jeke / Evian (ex Papillon)*		19,769		-
Banksy / Ionian Wave**		-		19,592
Debt related to Vessel held for sale		19,769		19,592

Schedule of Principal Repayments [Table Text Block]

Year ending December 31, 2012	Amount
Principal payments		174,998
Excluding unamortized financing fees		(2,379	)
		172,619