Accrued Expenses

12 Months Ended

Dec. 31, 2011

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS [Abstract]

ACCRUED EXPENSES [Text Block]

NOTE 9 - ACCRUED EXPENSES

Accrued expenses as of December 31, 2011 and 2010 consist of the following:

	December 31,		December 31,
	2011		2010
Accrued voyage expenses	$	1,279	$	767
Accrued loan interest		1,397		813
Accrued legal and professional fees		310		361
Total accrued expenses	$	2,986	$	1,941