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Basis of Presentation and General Information (Tables)
 12 Months Ended
Dec. 31, 2015
Basis of Presentation and General Information [Abstract]  
Vessel Owning Subsidiaries
Vessel Owning Company
Date of
Incorporation
Country of
Incorporation
Vessel's Name
Delivery Date
Built
DWT
Trade Force Shipping S.A.
November 15, 2006
Marshall Islands
Deep Seas
December 2006
1999
72,891
Frontline Marine Company
November 15, 2006
Marshall Islands
Calm Seas
December 2006
1999
74,047
Fairplay Maritime Ltd.
November 15, 2006
Marshall Islands
Kind Seas
December 2006
1999
72,493
Donna Marine
Co.
July 4, 2007
Marshall Islands
Pearl Seas
August 2007
2006
74,483
Imperator I Maritime Company
September 27, 2007
Marshall Islands
Coral Seas
November 2007
2006
74,477
Canyon I Navigation Corp.
September 27, 2007
Marshall Islands
Golden Seas
December 2007
2006
74,475
Coral Ventures
Inc.
August 5, 2009
Liberia
Prosperous Seas
May 2012
2012
37,293
Winselet Shipping And Trading Co. Ltd.
April 6, 2010
Liberia
Precious Seas
June 2012
2012
37,205
Aminta International S.A.
May 5, 2010
Liberia
Priceless
Seas
January 2013
2013
37,202
Adonia Enterprises S.A.
May 5, 2010
Liberia
Proud
Seas
January 2014
2014
37,227
 
 
(1) In July 2015, the vessel owning subsidiaries Paloma Marine S.A., Eris Shipping S.A., Alcyone International Marine Inc. and Neptune International Shipping & Trading S.A., owning companies of vessels Friendly Seas, Dream Seas, Gentle Seas and Peaceful Seas, respectively, were sold and transferred to an entity controlled by Mr. Michael Bodouroglou, as discussed in Note 6
Vessel Under Construction Owning Subsidiaries
Vessel Owning Company
Date of
Incorporation
Country of
Incorporation
Hull Number
Type
Expected Delivery
DWT
Amphitrite Shipping Inc.
June 17, 2013
Liberia
DY4050 (1)
Drybulk Carrier
-
63,500
Mirabel International Maritime Co.
June 17, 2013
Liberia
DY4052 (1)
Drybulk Carrier
-
63,500
Dolphin Sunrise Limited
February 25, 2014
Marshall Islands
YZJ1144 (1)
Drybulk Carrier
2016
81,800
Nautilus Investment Limited
February 25, 2014
Marshall Islands
YZJ1145 (1)
Drybulk Carrier
2016
81,800
Oceanus Investments Limited
February 25, 2014
Marshall Islands
YZJ1142 (1)
Drybulk Carrier
2016
81,800
 
 
(1) Refer to Note 5
Non-Vessel Owning Subsidiaries
Non-Vessel Owning Company
Date of Incorporation
Country of Incorporation
Camelia Navigation S.A.
November 15, 2006
Marshall Islands
Explorer Shipholding Limited
November 15, 2006
Marshall Islands
Epic Investments Inc.
December 21, 2006
Marshall Islands
Opera Navigation Co. (1)
December 21, 2006
Marshall Islands
Ovation Services Inc. (1)
September 16, 2009
Marshall Islands
Irises Shipping Ltd. (1)
October 6, 2009
Marshall Islands
Letitia Shipping Limited (1)
May 4, 2010
Marshall Islands
Nereus Navigation Ltd. (1)
May 4, 2010
Marshall Islands
Ardelia Navigation Limited (1)
June 15, 2010
Liberia
Eridanus Trading Co. (1)
July 1, 2010
Liberia
Delfis Shipping Company S.A. (1)
February 7, 2011
Liberia
Protea International Inc. (2)
July 17, 2007
Liberia
Reading Navigation Co. (2)
July 17, 2007
Liberia
 
(1) In March and April 2015, the Company proceeded with the dissolution of the respective subsidiaries since they were no longer active
(2) Companies previously owning  vessels M/V Sapphire Seas and M/V Diamond Seas, which were sold in December 2015
Major Charterers
Charterer
Percentage of charter revenue
 
2013
2014
2015
Glencore Grain B.V.
-
-
24.0%
Intermare Transport GmbH
13.4%
-
-
Cargill International S.A.
33.6%
11.6%
-
Total
47.0%
11.6%
24.0%