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Statements of Operations and Retained Earnings (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating revenues      
Charter revenue $ 0 $ 2,588 $ 2,863
Total operating revenues 0 2,588 2,863
Gain on sale of asset 0 60 0
Administrative expenses (158) (108) (136)
Depreciation 0 (87) (241)
Total operating expenses (158) (195) (377)
Net operating (loss) income (158) 2,453 2,486
Other income (expenses)      
Interest income 3 6 35
Interest expense 0 (261) (937)
Other financial items 0 (3,011) 0
Amortization of deferred charges 0 (19) (4)
Total other income (expenses) 3 (3,285) (906)
Net (loss) income (155) (832) 1,580
Retained earnings at the start of the year 7,694 8,526 6,946
Dividend (6,700) 0 0
Retained earnings at the end of the year $ 839 $ 7,694 $ 8,526