Equity Method Investments (Tables)

3 Months Ended

Mar. 31, 2013

Equity Method Investments and Joint Ventures [Abstract]

Results of Operations of Equity Method Investments [Table Text Block]

A condensed summary of the results of operations of the equity method investments follows:

	Three Months Ended
	March 31,
	2013		2012
Shipping revenues	$	94,061	$	87,072
Ship operating expenses		(60,794)		(59,416)
Income from vessel operations		33,267		27,656
Other expense		(364)		(313)
Interest expense		(13,706)		(15,448)	(1)
Net income	$	19,197	$	11,895

⁽¹⁾ Interest expense has been restated for the three months ended March 31, 2012 as more fully described in Note 2.