BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2013

BORROWINGS [Abstract]

Borrowings

	June 30, 2013			December 31, 2012
Commerzbank AG, Alpha Bank AE, Credit Agricole Corporate and Investment Bank	$	141,750		$	137,383
BNP Paribas S.A. and DVB Bank SE		71,302			58,361
DVB Bank SE and ABN AMRO Bank N.V.		41,241			42,034
Cyprus Popular Bank Public Co Ltd		—			32,400
Eurobank Ergasias S.A. $52.2 million		47,845			49,209
Eurobank Ergasias S.A. $52.0 million		44,670			45,894
ABN AMRO Bank N.V.		44,317			47,298
Norddeutsche Landesbank Girozentrale		24,971			24,971
DVB Bank SE and Emporiki Bank of Greece S.A.		49,943			49,943
DVB Bank SE		43,704			—
Ship Mortage Notes		505,000			505,000
Total borrowings		1,014,743			992,493
Less: current portion		(28,010	)		(19,724	)
Add: bond premium		1,413			1,593
Total long-term borrowings	$	988,146		$	974,362

Principal Payments

	June 30,  2013
Long-Term Debt Obligations:
Year
June 30, 2014	$	28,010
June 30, 2015		27,769
June 30, 2016		29,619
June 30, 2017		91,195
June 30, 2018		552,444
June 30, 2019 and thereafter		285,706
Total	$	1,014,743