Accrued Expenses

12 Months Ended

Dec. 31, 2012

Accrued Expenses [Abstract]

ACCRUED EXPENSES [Text Block]

NOTE 9 - ACCRUED EXPENSES

Accrued expenses as of December 31, 2012 and 2011 consist of the following:

	December 31,  2012		December 31,  2011
Accrued voyage expenses	$	2,410	$	1,279
Accrued loan interest		780		1,397
Accrued legal and professional fees		409		310
Total accrued expenses	$	3,599	$	2,986