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ACCUMULATED OTHER COMPREHENSIVE LOSS (Details 1) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Reclassification adjustments for amounts included in net income/(loss), net:      
Interest expense $ 5,947 $ 8,151 $ 10,321
Shipping revenues 0 0 (1,707)
Change in unrealized impact of derivative instruments (330) (42,819) (25,851)
Reclassification adjustments for amounts included in net income/(loss) $ 5,617 $ (34,668) $ (17,237)