Restricted Cash

12 Months Ended

Dec. 31, 2012

Restricted Cash And Investments [Abstract]

Restricted Cash [Text Block]

5.      Restricted Cash:

Restricted cash of consists of bank deposits that are required to be maintained with certain banks under the Company's borrowing arrangements which includes cash collateralized as well as retention accounts which can only be used for the purposes of loan repayment.

Restricted cash at December 31, 2012, does not include an amount of $3,735, relating to retention accounts and other compensating cash balances that are not pledged, which the Company should maintain with the accounts of each of the lending banks (Note 11).