International Shipholding (ISH+) 10-Q 8 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013
Document and Entity Information [Abstract]	'
Entity Registrant Name	'INTERNATIONAL SHIPHOLDING CORP
Entity Central Index Key	'0000278041
Current Fiscal Year End Date	'--12-31
Entity Filer Category	'Accelerated Filer
Entity Common Stock, Shares Outstanding	7,248,350
Document Fiscal Year Focus	'2013
Document Fiscal Period Focus	'Q3
Document Type	'10-Q
Amendment Flag	'false
Document Period End Date	30-Sep-13

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF INCOME [Abstract]	'	'	'	'
Revenues	$77,938	$61,162	$233,959	$186,686
Operating Expenses:	'	'	'	'
Voyage Expenses	64,832	45,394	195,931	143,246
Vessel Depreciation	6,130	6,100	17,705	18,180
Other Depreciation	17	9	51	9
Administrative and General Expenses	4,994	5,643	16,597	15,871
Gain on Dry Bulk Transaction	'	'	'	'
Loss/(Gain) on Sale of Other Assets	6	3	6	-4,463
Total Operating Expenses	75,979	57,149	230,290	172,843
Operating Income	1,959	4,013	3,669	13,843
Interest and Other:	'	'	'	'
Interest Expense	3,109	2,144	7,387	7,152
Derivative Loss	768	129	486	97
Gain on Sale of Investment	'	'	'	-66
Other Income from Vessel Financing	-522	-588	-1,616	-1,815
Investment Income	-9	-117	-91	-391
Foreign Exchange Loss/(Gain)	457	1,143	-4,560	-771
Total Interest and Other Income	3,803	2,711	1,606	4,206
(Loss) Income Before Provision (Benefit) for Income Taxes and Equity in (Loss) Income of Unconsolidated Entities	-1,844	1,302	2,063	9,637
Provision/(Benefit) for Income Taxes:	'	'	'	'
Current	18	4	68	280
Deferred	'	-400	'	-400
Income Tax Expense	18	-396	68	-120
Equity in Net (Loss) Income of Unconsolidated Entities (Net of Applicable Taxes)	-360	84	-705	665
Net (Loss) Income	-2,222	1,782	1,290	10,422
Preferred Stock Dividends	1,076	'	1,920	'
Net (Loss) Income Available to Common Stockholders	($3,298)	$1,782	($630)	$10,422
Basic and Diluted Earnings per Common Share:	'	'	'	'
Basic Earnings Per Common Share: (in dollars per share)	($0.46)	$0.25	($0.09)	$1.45
Diluted Earnings Per Common Share: (in dollars per share)	($0.46)	$0.25	($0.09)	$1.45
Weighted Average Shares of Common Stock Outstanding:	'	'	'	'
Basic (in shares)	7,248,350	7,203,860	7,233,807	7,192,818
Diluted (in shares)	7,248,350	7,220,901	7,233,807	7,208,886
Common Stock Dividends Per Share (in dollars per share)	$0.25	$0.25	$0.75	$0.75

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]	'	'	'	'
Net (Loss) Income	($2,222)	$1,782	$1,290	$10,422
Other Comprehensive Income:	'	'	'	'
Unrealized Foreign Currency Translation (Loss) Gain	-307	143	-61	64
Unrealized Holding Gain on Marketable Securities	'	211	'	399
Change in Fair Value of Derivatives	780	-149	2,289	-79
Change in Funding Status of Defined Benefit Plan	306	160	927	679
Comprehensive (Loss) Income	($1,443)	$2,147	$4,445	$11,485

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
ASSETS	'	'
Cash and Cash Equivalents	$29,224	$19,868
Restricted Cash	15,825	8,000
Accounts Receivable, Net of Allowance for Doubtful Accounts	29,040	32,891
Net Investment in Direct Financing Leases	'	3,540
Other Current Assets	9,021	8,392
Notes Receivable	4,248	4,383
Material and Supplies Inventory	11,289	11,847
Total Current Assets	98,647	88,921
Investment in Unconsolidated Entities	12,698	12,676
Net Investment in Direct Financing Leases	'	13,461
Vessels, Property, and Other Equipment, at Cost:	'	'
Vessels	578,516	525,172
Building	1,211	1,211
Land	623	623
Leasehold Improvements	26,348	26,348
Construction in Progress	2,836	10
Furniture and Equipment	11,535	11,614
Gross Vessels, Property, and Other Equipment	621,069	564,978
Less - Accumulated Depreciation	-167,809	-151,318
Net Vessels, Property, Plant and Equipment	453,260	413,660
Other Assets:	'	'
Deferred Charges, Net of Accumulated Amortization of $17,262 and $15,821 in 2013 and 2012, Respectively	31,328	19,892
Intangible Assets, Net of Accumulated Amortization	29,785	45,784
Due from Related Parties	1,688	1,709
Notes Receivable	28,460	33,381
Goodwill	2,771	2,700
Other	7,721	5,509
Other Assets Total	101,753	108,975
TOTAL ASSETS	666,358	637,693
Current Liabilities:	'	'
Current Maturities of Long-Term Debt	19,164	26,040
Accounts Payable and Accrued Liabilities	63,539	50,896
Total Current Liabilities	82,703	76,936
Long-Term Debt, Less Current Maturities	186,118	211,590
Other Long-Term Liabilities:	'	'
Lease Incentive Obligation	5,585	6,150
Other	77,750	80,718
TOTAL LIABILITIES	352,156	375,394
Stockholders' Equity:	'	'
Common Stock, $1.00 Par Value, 20,000,000 Shares Authorized, 7,248,350 and 7,203,935 Shares Outstanding at September 30, 2013 and December 31, 2012, Respectively	8,669	8,632
Additional Paid-In Capital	139,744	86,362
Retained Earnings	212,418	217,654
Treasury Stock, 1,388,066 Shares at September 30, 2013 and December 31, 2012, Respectively	-25,403	-25,403
Accumulated Other Comprehensive Loss	-21,792	-24,946
TOTAL STOCKHOLDERS' EQUITY	314,202	262,299
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	666,358	637,693
9.50% Series A Preferred Stock [Member]	'	'
Stockholders' Equity:	'	'
Preferred Stock, $1.00 Par Value	250	'
9.00% Series B Preferred Stock [Member]	'	'
Stockholders' Equity:	'	'
Preferred Stock, $1.00 Par Value	$316	'

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013
In Thousands, except Share data, unless otherwise specified			9.50% Series A Preferred Stock [Member]	9.00% Series B Preferred Stock [Member]
Other Assets:	'	'	'	'
Deferred Charges, Accumulated Amortization	$17,262	$15,821	'	'
Stockholders' Equity:	'	'	'	'
Cumulative Perpetual Preferred Stock, par value (in dollars per share)	'	'	$1	$1
Cumulative Perpetual Preferred Stock, coupon rate (in hundredths)	'	'	9.50%	9.00%
Cumulative Perpetual Preferred Stock, shares authorized (in shares)	'	'	650,000	350,000
Cumulative Perpetual Preferred Stock, shares issued (in shares)	'	'	250,000	316,250
Cumulative Perpetual Preferred Stock, shares outstanding (in shares)	'	'	250,000	316,250
Common Stock, par value (in dollars per share)	$1	$1	'	'
Common Stock, shares authorized (in shares)	20,000,000	20,000,000	'	'
Common Stock, shares issued (in shares)	7,248,350	7,203,935	'	'
Common Stock, shares outstanding (in shares)	7,248,350	7,203,935	'	'
Treasury Stock, (in shares)	1,388,066	1,388,066	'	'

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash Flows from Operating Activities:	'	'
Net Income	$1,290,000	$10,422,000
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:	'	'
Depreciation	18,068,000	18,394,000
Amortization of Deferred Charges	7,525,000	6,380,000
Amortization of Intangible Assets	4,669,000	1,932,000
Deferred Tax Liability	'	-400,000
Non-Cash Share Based Compensation	1,023,000	881,000
Equity in Net (Loss) Income of Unconsolidated Entities	705,000	-665,000
Loss (Gain) on Sale of Assets	6,000	-4,463,000
Gain on Sale of Investments	'	-66,000
Gain on Foreign Currency Exchange	-4,560,000	-771,000
Changes in:	'	'
Deferred Drydocking Charges	-14,445,000	-8,021,000
Accounts Receivable	3,415,000	1,057,000
Inventories and Other Current Assets	257,000	-3,168,000
Other Assets	760,000	61,000
Accounts Payable and Accrued Liabilities	2,375,000	-5,076,000
Other Long-Term Liabilities	4,561,000	-3,148,000
Net Cash Provided by Operating Activities	25,649,000	13,349,000
Cash Flows from Investing Activities:	'	'
Principal payments received under Direct Financing Leases	558,000	3,064,000
Acquisition of Frascati Shops Inc and Tower, LLC	'	-620,000
Capital Improvements to Vessels and Other Assets	-27,963,000	-45,992,000
Proceeds from Sale of Assets	'	130,315,000
Proceeds of Marketable Securities	'	207,000
Investment in Unconsolidated Entities	-500,000	-1,000,000
Net Decrease (Increase) in Restricted Cash Account	-7,825,000	6,907,000
Acquisition of United Ocean Services, LLC	-2,475,000	'
Proceeds from Note Receivables	4,895,000	3,610,000
Net Cash (Used In) Provided by Investing Activities	-33,310,000	96,491,000
Cash Flows from Financing Activities:	'	'
Issuance of Preferred Stock	53,336,000	'
Proceeds from Issuance of Debt	67,000,000	51,175,000
Repayment of Debt	-94,788,000	-162,375,000
Additions to Deferred Financing Charges	-2,005,000	-751,000
Dividends Paid	-6,526,000	-6,612,000
Net Cash Provided by (Used In) Financing Activities	17,017,000	-118,563,000
Net Increase (Decrease) in Cash and Cash Equivalents	9,356,000	-8,723,000
Cash and Cash Equivalents at Beginning of Period	19,868,000	21,437,000
Cash and Cash Equivalents at End of Period	$29,224,000	$12,714,000

Basis_Of_Preparation

Basis Of Preparation	9 Months Ended
	Sep. 30, 2013
Basis Of Preparation [Abstract]	'
Basis Of Preparation	'
	NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
	30-Sep-13
	(Unaudited)
	Note 1.  Basis of Preparation
	We operate a diversified fleet of U.S. and International flag vessels that provide international and domestic maritime transportation services. For additional information on our business see Item 2 of Part I of this report.
	We have prepared the accompanying unaudited interim financial statements pursuant to the rules and regulations of the Securities and Exchange Commission, and as permitted there under, we have omitted certain information and footnote disclosures required by U.S. Generally Accepted Accounting Principles (GAAP) for complete financial statements.  We suggest that you read these interim statements in conjunction with the financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012.  The condensed consolidated balance sheet as of December 31, 2012 included in this report has been derived from the audited financial statements at that date.
	The foregoing 2013 interim results are not necessarily indicative of the results of operations for the full year 2013.  Management believes that it has made all adjustments necessary, consisting only of normal recurring adjustments, for a fair statement of the information presented.
	Our policy is to consolidate each subsidiary in which we hold a greater than 50% voting interest or otherwise control its operating and financial activities.  We use the equity method to account for investments in entities in which we hold a 20% to 50% voting or economic interest and have the ability to exercise significant influence over their operating and financial activities, and the cost method to account for investments in entities in which we hold a less than 20% voting interest and in which we cannot exercise significant influence over operating and financial activities.
	Revenues and expenses relating to our special purpose RO/RO vessels and our molten-sulphur carrier’s voyages are recorded over the duration of the voyage.  Our voyage expenses are estimated at the beginning of the voyages based on historical actual costs or from industry sources familiar with those types of charges.  As the voyage progresses, these estimated costs are revised with actual charges and timely adjustments are made.  Based on our prior experience, we believe there is not a material difference between recording estimated expenses ratably over the voyage versus recording expenses as incurred.  Revenues and expenses relating to our other vessels’ voyages, which require limited estimates or assumptions, are recorded when earned or incurred during the reporting period.
	We have eliminated all significant intercompany balances, accounts and transactions in consolidation.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2013
Acquisitions [Abstract]	'
Acquisitions	'
	Note 2.  Acquisitions
	U.S. United Ocean Services, LLC Acquisition
	On November 30, 2012, (“the acquisition date”) we acquired 100% of the membership interests of U.S. United Ocean Services, LLC (“UOS”). The total consideration of approximately $114.7 million consisted of a $112.2 million cash payment and a post-closing settlement payment of about $2.5 million in first quarter of 2013. In fourth quarter of 2012, acquisition expenses of approximately $1.8 million related to legal, consulting, and valuation fees were reflected in our statements of income as “Administrative and General Expenses”.
	Founded in 1959, UOS provides marine transportation services for dry bulk and break-bulk commodities in the United States. We believe UOS operates the largest dead weight U.S. Flag Jones Act dry bulk fleet today (131,000 dead weight tons), which consists of two handysize bulkers and four tug-barge units. The fleet operates under long-term contracts with Tampa Electric (“TECO”) and The Mosaic Company (“Mosaic”), both of whom have maintained longstanding relationships with UOS that have spanned several decades.
	The following is a tabular summary of the amounts recognized for assets acquired and liabilities assumed:
			Amount Recognized as of Acquisition Date
	Description		(Dollars in Thousands)
	Working Capital including Cash Acquired	$	8,512
	Inventory		6,510
	Property, Plant, & Equipment		60,037
	Identifiable Intangible Assets		45,131
	Total Assets Acquired		120,190
	Misc. Payables & Accrued Expenses		-5,469
	Other Long Term Liability		-1,945
	Total Liabilities Assumed		-7,414
	Net Assets Acquired		112,776
	Total Consideration Transferred		-114,717
	Goodwill*	$	1,941
	*  Goodwill is calculated as the excess of the consideration transferred over the net assets acquired and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized.  Our above-described goodwill will not be amortized nor do we expect it to be deductible for tax purposes.  Specifically, the goodwill recorded as part of the acquisition of UOS includes the following:
	·	the expected synergies and other benefits that we believe will result from combining the operations of UOS with our existing Jones Act operations.
	·	any intangible assets that do not qualify for separate recognition, including an assembled workforce of the acquired company, and
	·	the anticipated higher rate of return of  UOS’s existing businesses as going concerns compared to the anticipated rate of return if we had acquired all of the net assets separately.
	The following unaudited pro forma results present consolidated information as if the UOS acquisition had been completed as of January 1, 2012. The pro forma results include the amortization associated with the acquired intangible assets, interest expense associated with the debt used to fund a portion of the acquisition, the impact of fair value adjustments such as depreciation adjustments related to property, plant and equipment. The pro forma results should not be considered indicative of the results of operations or financial position of the combined companies had the acquisition been consummated as of January 1, 2012, and are not necessarily indicative of results of future operations of the company.
	The pro forma combined financial statements do not include the realization of any cost savings from anticipated operating efficiencies, synergies, or other restructuring activities which might result from the acquisition. The following table sets forth the pro forma revenues, net earnings attributable to ISH, basic net earnings per share and fully diluted net earnings per share attributable to ISH common stockholders for nine months ended September 30, 2012, (unaudited and in thousands, except share amounts):
			Three Months Ending		Nine Months Ending
			30-Sep-12		30-Sep-12
			Pro Forma		Pro Forma
	Revenues	$	82,270	$	246,809
	Net earnings attributable to ISH	$	7,691	$	23,074
	Net earnings per share attributable to ISH common stockholders:
	Basic	$	3.20	$	3.21
	Diluted	$	3.20	$	3.20
	Weighted average shares of common stock outstanding
	Basic		7,203,860		7,192,818
	Diluted		7,220,901		7,208,886
	Frascati Shops, Inc. and Tower, LLC Acquisition
	On August 6, 2012, (“the acquisition date”) we acquired the common stock and membership interest of Frascati Shops, Inc. (“FSI”) and Tower LLC, (“Tower”), respectively. The total consideration of approximately $4.5 million consisted of a $623,000 cash payment, the assumption of $3.5 million in debt, which was repaid in full in 2012 and $383,000 in miscellaneous payables. In third quarter of 2012, acquisition expenses of approximately $40,000 related to legal fees incurred in due diligence were reflected in our statements of income as “Administrative and General Expenses”. FSI and Tower own and operate a certified rail-car repair facility near the port of Mobile, Alabama. The pro forma effect of this acquisition was not material.
	The following is a tabular summary of the amounts recognized for assets acquired and liabilities assumed:
			Amount Recognized as of Acquisition Date
	Description		(Dollars in Thousands)
	Working Capital including Cash Acquired	$	18
	Inventory		231
	Property, Plant, & Equipment		3,411
	Identifiable Intangible Assets		490
	Total Assets Acquired		4,150
	Misc. Payables & Accrued Expenses		-412
	Long Term Debt		-3,490
	Deferred Tax Liability		-453
	Total Liabilities Assumed		-4,355
	Net Liabilities Assumed		-205
	Total Consideration Transferred		-623
	Goodwill*	$	828
	*  Goodwill is calculated as the excess of the consideration transferred over the net assets acquired and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized.  Our above-described goodwill will not be amortized nor do we expect it to be deductible for tax purposes.  Specifically, the goodwill recorded as part of the acquisition of FSI and Tower includes the following:
	·	the expected synergies and other benefits that we believe will result from combining the operations of the Acquired Companies with our existing Rail-Ferry operations.
	·	any intangible assets that do not qualify for separate recognition, including an assembled workforce of the acquired companies, and
	the anticipated higher rate of return of the Acquired Companies existing businesses as going concerns compared to the anticipated rate of return if we had acquired all of the net assets separately.

Changes_In_Accounting_Estimate

Changes In Accounting Estimate	9 Months Ended
	Sep. 30, 2013
Changes In Accounting Estimate [Abstract]	'
Changes In Accounting Estimate	'
	Note 3.  Changes in Accounting Estimates
	Based on company policy, we review the reasonableness of the salvage values for our fleet every three years based on the most recent three year average price of scrap steel per metric ton. In the first quarter of 2012 we reviewed and adjusted the salvage values on eight of our vessels, based on the material change in the market value of scrap steel. The adjustments resulted in increasing the salvage values and reducing our depreciation expense on these eight vessels by approximately $3.8 million annually. This adjustment increased both our pre-tax and net income by $2,835,000, or $0.39 per share, for the nine months ended September 30, 2012. Due to the company being in a valuation allowance position there was no impact on income taxes.
	In the first quarter of 2013, after a third party review, management extended the life of two foreign flag special purpose RO/RO vessels operating in our Rail Ferry segment. This decision was based on ongoing maintenance, including steel work that will allow the vessels to operate until 2025. The change in the life of the vessels will result in reducing our depreciation expense on these two vessels by approximately $1.1 million annually. This adjustment increased both our pre-tax and net income by $811,000, or $0.11 per share, for the nine months ended September 30, 2013. In addition, we extended the economic life of both the Mobile, Alabama and Coatzacoalcos, Mexico rail terminals’ leasehold improvements due to contractual extensions of the term of the rail terminal operating agreement. The amortization periods were extended on both terminal leasehold improvements for five years. The impact of these extensions to our pre-tax and net income was $811,000, or $0.11 per share for the nine months ended September 30, 2013.

Out_Of_Period_Adjustment

Out Of Period Adjustment	9 Months Ended
	Sep. 30, 2013
Out Of Period Adjustment [Abstract]	'
Out Of Period Adjustment	'
	Note 4.  Out of Period Adjustment
	In July of 2011, Oslo Bulk AS (“Oslo”), an entity in which we then held a 25% equity interest and account for under the equity method, entered into an interest rate swap to reduce its exposure to variable interest rates on its outstanding debt. We incorrectly accounted for the derivative by reporting our 25% share of the change in fair value of the derivative in the statement of operations under the caption “Equity in Net (Loss) Income of Unconsolidated Entities” from inception of the swap to December 31, 2011, rather than accounting for the change in fair value as a component of comprehensive income. The change in fair value recorded in the third and fourth quarters of 2011 resulted in an aggregate loss of approximately $674,000. As a result of this error, we recorded an out of period (“OOP”) adjustment during the three months ended June 30, 2012 to correct the $674,000 aggregate loss that was previously recorded in 2011, and $42,000 that was previously recorded in the first quarter of 2012. The correction of these amounts was recorded in "Other Comprehensive Income". We also recorded a $324,000 negative OOP adjustment related to net charter revenues that were not previously recorded on a straight-line basis in prior periods from 1999 to 2011, and a $239,000 positive OOP adjustment related to the termination of a lease on one of our PCTC vessels in the third quarter of 2011. The net impact of these OOP adjustments was a $85,000 decrease to pre-tax income and a $631,000 increase to net income. We evaluated the impact of the OOP adjustments on the results of our previously issued financial statements for each of the periods affected and concluded that the impact was not material.  We also evaluated the impact of correcting the cumulative effect of the OOP adjustments in 2012 and concluded that the impact was not material to our actual results for 2012. Accordingly, a net adjustment of $631,000 was recorded to correct the OOP errors in the three month period ended June 30, 2012.

Operating_Segments

Operating Segments	9 Months Ended
	Sep. 30, 2013
Operating Segments [Abstract]	'
Operating Segments	'
	Note 5.  Operating Segments
	Following our acquisition of UOS in late 2012, we internally restructured our business reporting to replace our prior operating segments (listed below) with the following new segments.  We believe this reorganization has better aligned our segment disclosures with the information now reviewed by our chief operating decision maker and believe it has improved the transparency with which we communicate our financial results to our investors.  All prior period data for each of our segments has been restated based on this new segmentation methodology.
	New Segments	Prior Segments
	•   Jones Act	•   Time Charter Contracts – U.S. Flag
	•   Pure Car Truck Carriers	•   Time Charter Contracts – International flag
	•   Dry Bulk Carriers	•   Contracts of Affreightment
	•   Rail-Ferry	•   Rail-Ferry Service
	•   Specialty Contracts	•   Other
	•   Other
	Our six operating segments, Jones Act, Pure Car Truck Carriers, Dry Bulk Carriers, Rail-Ferry, Specialty Contracts, and Other are distinguished primarily by the market in which the segment assets are deployed, the physical characteristics of those assets, and the type of services provided to our customers. We report in the Other category the results of several of our subsidiaries that provide ship and cargo charter brokerage, ship management services and agency services to our operating subsidiaries as well as third party customers.  Also included in the Other category are corporate related items, results of insignificant operations, and income and expense items not allocated to the other reportable segments. We manage each reportable segment separately, as each requires different resources depending on the nature of the contract or terms under which the vessels within the segment operate.
	We allocate interest expense to the segments in proportion to the fixed assets (defined as the carrying value of vessels, property, and other equipment) within each segment.  Additionally, we allocate the results of our unconsolidated entities, Oslo Bulk, AS, Oslo Bulk Holding Pte. Ltd., and Terminales Transgolfo, S.A. de C.V., to the Dry Bulk Carriers and Rail-Ferry results.  We do not allocate to our segments; administrative and general expenses, (loss) gain on sale of other assets, derivative (income) loss, income taxes, gain on sale of investment, other income from vessel financing, investment income, and foreign exchange loss (gain).  Intersegment revenues are based on market prices and include revenues earned by our subsidiaries that provide specialized services to our operating companies. Finally, we use “gross voyage profit” as the chosen measure for our segments’ profitability to assist in monitoring and managing our business.
	The following table presents information about segment profit and loss for the three months ended September 30, 2013 and 2012:
	RESULTS OF OPERATIONS
	three MONTHS ENDED september 30, 2013
	COMPARED TO THE three MONTHS ENDED september 30, 2012
	(All Amounts in Thousands)			Jones Act			Pure Car Truck Carriers			Dry Bulk Carriers			Rail Ferry			Specialty Contracts			Other			Total
	2013
	Fixed Revenue		$	31,003		$	14,843		$	919		$	-		$	7,928		$	-		$	54,693
	Variable Revenue			-			7,990			4,634			10,419			227			-25			23,245
	Total Revenue from External Customers			31,003			22,833			5,553			10,419			8,155			-25			77,938
	Intersegment Revenues (Eliminated)			-			-			-			-			-			-5,519			-5,519
	Intersegment Expenses Eliminated			-			-			-			-			-			5,519			5,519
	Voyage Expenses			24,400			19,728			4,801			8,494			7,602			-193			64,832
	Loss of Unconsolidated Entities			-			-			315			45			-			-			360
	Gross Voyage Profit		$	6,603		$	3,105		$	437		$	1,880		$	553		$	168		$	12,746
	Gross Voyage Profit Margin			21	%		14	%		8	%		18	%		7	%		-672	%		16	%
	2012
	Fixed Revenue		$	7,544		$	15,562		$	2,211		$	-		$	8,088		$	-		$	33,405
	Variable Revenue			-			14,864			5,047			7,532			-			314			27,757
	Total Revenue from External Customers			7,544			30,426			7,258			7,532			8,088			314			61,162
	Intersegment Revenues (Eliminated)			-			-			-			-			-			-4,664			-4,664
	Intersegment Expenses Eliminated			-			-			-			-			-			4,664			4,664
	Voyage Expenses			5,915			22,640			5,373			6,868			4,690			-92			45,394
	(Income) Loss of Unconsolidated Entities			-			-			-250			166			-			-			-84
	Gross Voyage Profit		$	1,629		$	7,786		$	2,135		$	498		$	3,398		$	406		$	15,852
	Gross Voyage Profit Margin			22	%		26	%		29	%		7	%		42	%		129	%		26	%
	The following table presents information about segment profit and loss for the nine months ended September 30, 2013 and 2012:
	RESULTS OF OPERATIONS
	NINE MONTHS ENDED september 30, 2013
	COMPARED TO THE NInE MONTHS ENDED september 30, 2012
	(All Amounts in Thousands)			Jones Act			Pure Car Truck Carriers			Dry Bulk Carriers			Rail Ferry			Specialty Contracts			Other			Total
	2013
	Fixed Revenue		$	90,581		$	48,043		$	2,457		$	-		$	21,519		$	-		$	162,600
	Variable Revenue			-			27,755			12,183			29,115			2,253			53			71,359
	Total Revenue from External Customers			90,581			75,798			14,640			29,115			23,772			53			233,959
	Intersegment Revenues (Eliminated)			-			-			-			-			-			-16,557			-16,557
	Intersegment Expenses Eliminated			-			-			-			-			-			16,557			16,557
	Voyage Expenses			72,106			63,574			14,688			23,894			22,100			-431			195,931
	Loss of Unconsolidated Entities			-			-			653			52			-			-			705
	Gross Voyage Profit (Loss)		$	18,475		$	12,224		$	-701		$	5,169		$	1,672		$	484		$	37,323
	Gross Voyage Profit Margin			20	%		16	%		-5	%		18	%		7	%		913	%		16	%
	2012
	Fixed Revenue		$	19,372		$	52,577		$	7,080		$	-		$	28,176		$	-		$	107,205
	Variable Revenue						40,181			12,274			26,127			514			385			79,481
	Total Revenue from External Customers			19,372			92,758			19,354			26,127			28,690			385			186,686
	Intersegment Revenues (Eliminated)			-			-			-			-			-			-13,995			-13,995
	Intersegment Expenses Eliminated			-			-			-			-			-			13,995			13,995
	Voyage Expenses			17,197			70,046			13,931			23,018			19,219			-165			143,246
	(Income) Loss of Unconsolidated Entities			-			-			-910			245			-			-			-665
	Gross Voyage Profit		$	2,175		$	22,712		$	6,333		$	2,864		$	9,471		$	550		$	44,105
	Gross Voyage Profit Margin			11	%		24	%		33	%		11	%		33	%		143	%		24	%
	The following table is a reconciliation of the totals reported for the operating segments to the applicable line items in the consolidated financial statements:
		Three Months Ended September 30,						Year to date as of September 30,
		2013			2012			2013			2012
Revenues	$	77,938		$	61,162		$	233,959		$	186,686
Voyage Expenses		64,832			45,394			195,931			143,246
Net Loss (Income) of Unconsolidated Entities		360			-84			705			-665
Gross Voyage Profit		12,746			15,852			37,323			44,105
Vessel Depreciation		6,130			6,100			17,705			18,180
Other Depreciation		17			9			51			9
Gross Profit		6,599			9,743			19,567			25,916
Other Operating Expenses:
Administrative and General Expenses		4,994			5,643			16,597			15,871
Loss (Gain) on Sale  of Other Assets		6			3			6			-4,463
Net (Income) Loss of Unconsolidated Entities		-360			84			-705			665
Total Other Operating Expenses		4,640			5,730			15,898			12,073
Operating Income	$	1,959		$	4,013		$	3,669		$	13,843

Gain_On_Sale_Of_Other_Assets

Gain On Sale Of Other Assets	9 Months Ended
	Sep. 30, 2013
Gain On Sale Of Other Assets [Abstract]	'
Gain On Sale Of Other Assets	'
	Note 6.  Gain on Sale of Other Assets
	In March 2012, we sold two of our Pure Car Truck Carriers (“PCTC”). We received total gross proceeds of $73.9 million and realized a gain of $3.8 million. These proceeds were partially used to pay down approximately $36.1 million of debt.
	In the second quarter of 2012 we also included under this line item in our condensed consolidated statements of operations the recognition of deferred gains of approximately $239,000 and $430,000 related to the purchase of one of our PCTC vessels and one molten-sulphur carrier, respectively. See Note 4 (Out of Period Adjustments) for details related to the gain on the purchase of the PCTC vessel. Details of the gain on the purchase of the molten-sulphur carrier and its future sale are disclosed in Note 11 (Sale and Leaseback Transactions). Both vessels were purchased as a result of early buy-outs of lease agreements.

Unconsolidated_Entities

Unconsolidated Entities	9 Months Ended
	Sep. 30, 2013
Unconsolidated Entities [Abstract]	'
Unconsolidated Entities	'
	Note 7.  Unconsolidated Entities
	The following table summarizes our equity in net (loss) income of unconsolidated entities for the three and nine months ended September 30, 2013 and 2012, respectively.
			Three Months ended September 30,				Nine Months Ended September 30,
			2013		2012		2013		2012
	(Amounts in thousands)
	Oslo Bulk, AS	$	-193	$	224	$	-290	$	1,123
	Oslo Bulk Holding Pte. Ltd. (formerly Tony Bulkers)		-122		26		-363		-213
	Terminales Transgolfo,  S . A .  de  C . V .		-45		-166		-52		-245
	Total Equity in Net (Loss) Income of Unconsolidated Entities	$	-360	$	84	$	-705	$	665
	These investments have been accounted for under the equity method and our portion of their earnings or losses is presented net of any applicable taxes on our condensed consolidated statements of income under the caption: "Equity in Net (Loss) Income of Unconsolidated Entities (Net of Applicable Taxes).”

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2013
Income Taxes [Abstract]	'
Income Taxes	'
	Note 8.  Income Taxes
	We recorded a tax provision of $18,000 on our $1.8 million of loss before taxes and equity in net income of unconsolidated entities for the three months ended September 30, 2013. For the three months ended September 30, 2012 our income tax benefit was $396,000 on our $1.3 million of income before taxes and equity in net income of unconsolidated entities. These provision amounts represent tax on our qualifying U.S. flag operations, which continue to be taxed under a “tonnage tax” regime rather than under the normal U.S. corporate income tax regime and foreign tax withholdings.
	We established a valuation allowance against deferred tax assets in 2010 because, based on available information, we could not conclude that it was more likely than not that the full amount of deferred tax assets generated primarily by net operating loss carry forwards and alternative minimum tax credits would be realized through the generation of taxable income in the near future. We continue to evaluate the need for a valuation allowance on an annual basis and have ascertained that in the quarter it can be determined UOS contract revenues can reasonably expected to be earned beyond 2014 the deferred income tax assets of $10.7 million should become realizable and the valuation allowance would be reversed in that quarter.
	For further information on certain tax laws and elections, see our Annual Report on Form 10-K filed for the year ended December 31, 2012, including “Note J - Income Taxes” to the consolidated financial statements included therein.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	Note 9.  Earnings Per Share
	We compute basic earnings per share based on the weighted average number of common shares outstanding during the relevant periods.  Diluted earnings per share also reflect dilutive potential common shares, including shares issuable under restricted stock units using the treasury stock method.  The calculation of basic and diluted earnings per share is as follows (Amounts in thousands except share data):
		Three Months Ended September 30,					Nine Months Ended September 30,
			2013			2012		2013			2012
	Numerator
	Net (Loss) Income	$	-2,222		$	1,782	$	1,290		$	10,422
	Preferred Stock Dividends		1,076			-		1,920			-
	Net (Loss) Income Available to Common Stockholders	$	-3,298		$	1,782	$	-630		$	10,422
	Denominator
	Weighted Average Shares of Common Stock
	Outstanding:
	Basic		7,248,350			7,203,860		7,233,807			7,192,818
	Plus:
	Effect of dilutive restrictive stock		-	*		17,041		-	*		16,068
	Diluted		7,248,350			7,220,901		7,233,807			7,208,886
	Basic Earnings Per Common Share:
	Net Income per share - Basic	$	-0.46		$	0.25	$	-0.09		$	1.45
	Net Income per share - Diluted:	$	-0.46		$	0.25	$	-0.09		$	1.45
	*  There are 63,161 and 35,695 incremental shares not included due to the fact it would be anti-dilutive for the three months and nine months ended September 30, 2013, respectively.

Inventory

Inventory	9 Months Ended
	Sep. 30, 2013
Inventory [Abstract]	'
Inventory	'
	Note 10.  Inventory
	Spare parts and warehouse inventories are stated at the lower of cost or market based on the first-in, first-out method of accounting. Fuel inventory is based on the average inventory method of accounting. As of September 30, 2013 and December 31, 2012, our inventory balances were approximately $11.3 million and $11.8 million, respectively. Our inventory consists of three major classes, the break out of which is included in the following table:
	(All amounts in thousands)		September 30,		December 31,
	Inventory Classes		2013		2012
	Spare Parts Inventory	$	4,481	$	3,652
	Fuel Inventory		4,380		4,633
	Warehouse Inventory		2,428		3,562
		$	11,289	$	11,847

Leases

Leases	9 Months Ended
	Sep. 30, 2013
Leases [Abstract]	'
Leases	'
	Note 11.  Leases
	Direct Financing Leases
	In 1999 we entered into a charter which qualified as a direct financing lease with an expiration date of May 2019. We sold this PCTC with the contract expiring in 2019 to a third party in the first quarter of 2012.
	In 2005, we entered into a charter which qualified as a direct financing lease with an expiration date of October 2015.  In the first quarter of 2013, an Addendum was executed to the Time Charter of one of our PCTC’s which, in part, extended the Time Charter for a further period of time.  Because this Addendum was substantive, we reassessed the Time Charter classification resulting in the Time Charter being reclassified from a direct financing lease to an operating lease. The book value of the asset as of  June 30, 2013 was $16.2 million and is now presented in the Vessel, Property, and Other Equipment, section of the balance sheet and is being depreciated over the remaining estimated useful life of the vessel.
	Sale and Leaseback Transactions
	On February 22, 2012, we completed a sale and leaseback transaction with Wells Fargo Bank Northwest, National Association, of our 2007-built PCTC.  The transaction generated gross proceeds of $59.0 million, which we used to pay down debt of $54.5 million. We are leasing the vessel back under a ten year lease agreement with early buyout options that can be exercised in 2017 and 2019. This lease is classified as an operating lease, and the $14.9 million gain on the sale-leaseback is being deferred and recognized as income over the term of the lease.
	On June 15, 2012, we exercised the early buy-out of the operating lease related to our molten-sulphur carrier. On November 27, 2012, we sold this vessel to BMO Harris Equipment Finance Company for approximately $32 million cash and commenced a seven-year lease agreement with an early buy-out option that can be exercised in 2017 under certain specified circumstances.  This lease is classified as an operating lease, and the $8.0 million gain on the sale-leaseback is being deferred and recognized over the term of the lease.
	On November 27, 2012 we sold a 1998-built PCTC to CapitalSource Bank for approximately $31 million cash and commenced a six-year lease agreement with an early buy-out option that can be exercised in 2017.  This lease is classified as an operating lease, and the $11.7 million gain on the sale-leaseback is being deferred and recognized over the term of the lease.
	The Company used the net proceeds of approximately $63 million from the November 27, 2012 transactions to finance a portion of the purchase price for the Company’s acquisition of U.S. United Ocean Services, LLC, which was completed on November 30, 2012.
	On December 27, 2012, we sold a 1999-built PCTC to BB&T Equipment Finance for $32 million cash and commenced a six-year lease agreement with an early buy-out option that can be exercised in 2015 and again in 2018 under certain specified circumstances.  This lease is classified as an operating lease.
	We plan to continue to operate all of the aforementioned leased vessels under their respective time charters and contracts of affreightment.  A complete listing of our vessels can be found in “Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources – Debt Covenants” section entitled “Fleet Statistics.”
	Early Lease Buy-Out
	In conjunction with the acquisition of UOS in November 2012, we acquired the rights to various vessels, including a tug/barge unit leased to UOS through December 2013. At the end of the lease term, the acquired lease provided UOS with a purchase option permitting UOS to purchase both the tug and barge. Prior to the closing of the acquisition, UOS exercised the purchase option through a legally binding agreement. We acquired the lease agreement as part of the acquisition of UOS, including the binding purchase commitment, and were therefore obligated to purchase the unit. On September 25, 2013 we concluded the purchase of the tug/barge unit.
	Office Leases
	On September 19, 2013, we executed a five year lease agreement for office space in Tampa, Florida.  These offices serve the employees of UOS and are located in the same building as the previous UOS lease agreements. The lease calls for graduated payments that will be straight-lined over the 60 month term of the lease. In addition to the Tampa office, we signed a new two year lease agreement for our Shanghai, China office space. This lease is effective October 1, 2013 through September 30, 2015. For a complete update on our obligations and commitments, see page 57 of the Liquidity and Capital Resource section of our Management’s Discussion and Analysis.

Goodwill_And_Other_Intangible_

Goodwill And Other Intangible Assets	9 Months Ended
	Sep. 30, 2013
Goodwill And Other Intangible Assets [Abstract]	'
Goodwill And Other Intangible Assets	'
	Note 12.  Goodwill and Other Intangible Assets
	Our goodwill increased by $71,000 during the first quarter of 2013 due to the post-closing purchase price adjustment payments relating to our acquisitions of UOS and FSI.  As part of the acquisition of UOS, we acquired the rights to purchase a tug/barge unit. In applying purchase accounting, an intangible asset was established based on favorable contractual lease payments as compared to market rates and another intangible asset was established based on a comparison of the contractual early buy-out purchase price as compared to the estimated fair value at the end of the lease term. As a result of the early buy-out in September 2013, we reclassified $11.3 million of intangible assets related to the favorable early buy-out to the new cost basis of the tug/barge unit.
	Amortization expense was $1.5 million and $643,875 for the three months ended September 30, 2013 and 2012, respectively.  For the nine months ended September 30, 2013 and 2012, amortization expense was $4.6 million and $1.9 million, respectively. The following table presents details of goodwill and other intangible assets as of September 30, 2013:
	(all amounts in thousands)
		Amortization Period		Gross Carrying Amount		Accumulated Amortization		Reclassified		Net Carrying Amount
	Indefinite Life Intangibles
	Goodwill (1)		$	2,771	$	-	$	-	$	2,771
	Total Indefinite Life Intangibles		$	2,771	$	-	$	-	$	2,771
	Definite Life Intangibles
	Trade names - FSI	240 months	$	65	$	-4	$	-	$	61
	Trade names - UOS	96 months		1,805		-188		-		1,617
	Customer Relationships - FSI	240 months		425		-24		-		401
	Customer Relationships - UOS	96 months		30,928		-3,222		-		27,706
	Favorable Lease - UOS	13 months		1,071		-1,071		-		-
	Favorable Lease - UOS EBO			11,328		-		-11,328		-
	Favorable Charter - Dry Bulk Cape Holding, Inc.	24 months		5,151		-5,151		-		-
	Total Definite Life Intangibles		$	50,773	$	-9,660	$	-11,328	$	29,785

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2013
Fair Value Measurements [Abstract]	'
Fair Value Measurements	'
	Note 13. Fair Value Measurements
	ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. Under ASC 820, the price in the principal (or most advantageous) market used to measure the fair value of the asset or liability is not adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, and (iii) able and willing to complete a transaction.
	Fair value measurements require the use of valuation techniques that are consistent with one or more of the following: the market approach, the income approach or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present value on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. The fair value of our interest rate swap agreements is based upon the approximate amounts required to settle the contracts.  Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available under the circumstances. In that regard, ASC 820 establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows:
	§	Level 1 Inputs - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.
	§	Level 2 Inputs - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (including interest rates, volatilities, prepayment speeds, credit risks) or inputs that are derived principally from or corroborated by market data by correlation or other means.
	§	Level 3 Inputs - Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity's own assumptions about the assumptions that market participants would use in pricing the assets or liabilities.
	The following table summarizes our financial assets and financial liabilities measured at fair value on a recurring and non-recurring basis as of September 30, 2013, segregated by the above-described levels of valuation inputs:
	(Amounts in thousands)		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
	Derivative Assets	$	-	$	55	$	-	$	55
	Derivative Liabilities	$	-	$	-4,576	$	-	$	-4,576
	The carrying amounts of our accounts receivable, accounts payable and accrued liabilities approximated their fair value at September 30, 2013 and December 31, 2012. We estimated the fair value of our variable rate long-term debt at September 30, 2013, including current maturities, to equal the carrying value due to the variable rate nature of the debt as well as to the underlying value of the collateral. Credit risk has also been considered and has been determined to not be a material factor.

Derivative_Instruments

Derivative Instruments

9 Months Ended

Sep. 30, 2013

Derivative Instruments [Abstract]

'

Derivative Instruments

'

Note 14.  Derivative Instruments

We use derivative instruments to manage certain foreign currency and interest rate risk exposures. We do not use derivative instruments for speculative trading purposes.  All derivative instruments are recorded on the balance sheet at fair value.  For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative is recorded to other comprehensive income and is reclassified to earnings when the derivative instrument is settled.  Any ineffective portion of changes in the fair value of the derivative is reported in earnings.  None of our derivative contracts contain credit-risk related contingent features that would require us to settle the contract upon the occurrence of such contingency.  However, all of our contracts contain clauses specifying events of default under specified circumstances, including failure to pay, breach of agreement, default under the specific agreement to which the hedge relates, bankruptcy, misrepresentation and the occurrence of certain transactions.  The remedy for default is settlement in entirety or payment of the fair value of the contracts, which was $4.5 million in the aggregate for all of our contracts, with $342,000 of posted collateral as of September 30, 2013.  The unrealized loss related to our derivative instruments included in accumulated other comprehensive loss, net of taxes, was $5.1 million as of September 30, 2013 and $7.4 million as of December 31, 2012.

The notional and fair value amounts of our derivative instruments as of September 30, 2013 were as follows (in thousands):

Asset Derivatives

Liability Derivatives

2013

2013

Current Notional

Balance Sheet

Fair Value

Balance Sheet

Fair Value

As of September 30, 2013

Amount

Location

Location

Interest Rate Swaps - L/T*

$

51,140

$

-

Other Liabilities

$

-4,239

Foreign Exchange Contracts

300

Other Current Assets

34

Foreign Exchange Contracts

1,200

Other Assets

21

-

Foreign Exchange Contracts

2,400

Current Liabilities

-337

Total Derivatives designated as hedging instruments

$

55,040

-

$

55

-

$

-4,576

*We have outstanding a variable-to-fixed interest rate swap with respect to a Yen-based facility for the financing of a PCTC delivered in March 2010.   The notional amount under this contract is $51,140,065 (based on a Yen to USD exchange rate of 98.24 as of September 30, 2013).  With the bank exercising its option to reduce the underlying Yen loan from 80% to 65% funding of the vessel’s delivery cost, the 15% reduction represents the ineffective portion of this swap, which consists of the portion of the derivative instrument that is no longer supported by underlying borrowings.  The change in fair value related to the ineffective portion of this swap was a $17,000 loss for the quarter ended September 30, 2013 and this amount was reflected in earnings. The fair value balance as of September 30, 2013, includes a negative $717,151 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.

The effect of derivative instruments designated as cash flow hedges on our condensed consolidated statement of income for the nine months ended September 30, 2013 was as follows:

Gain(Loss) Recognized in OCI

Location of Gain(Loss) Reclassified from AOCI to Income

Amount of Gain(Loss) Reclassified from AOCI to Income

Loss Recognized in Income from Ineffective portion

2013

2013

2013

Interest Rate Swaps

$

2,461

Interest Expense

$

1,309

$

486

Foreign Exchange Contracts

-172

Other Revenues

-14

-

Total

$

2,289

$

1,295

$

486

Interest Rate Swap Agreements

We enter into interest rate swap agreements to manage well-defined interest rate risks. We record the fair value of the interest rate swaps as an asset or liability on the balance sheet. Currently, our interest rate swap is accounted for as an effective cash flow hedge.  Accordingly, the effective portion of the change in fair value of the swap is recorded in Other Comprehensive Income. In July 2013, we settled and terminated an interest rate swap contract which was in conjunction with an early pay-off at the closing of our new US Flag Credit Facility. The settlement amount that we paid was approximately $757,000 and is included in the net loss number of $486,000 noted above.

As of September 30, 2013, we had the following interest rate swap contract outstanding:

Effective

Termination

Current

Date

Date

Notional Amount

Swap Rate

Type

3/15/09

9/15/20

51,140,065

2.065

%

Variable-to-Fixed

Total:

$

51,140,065

*Notional amount converted from Yen at September 30, 2013 at a Yen to USD exchange rate of 98.24

Foreign Exchange Rate Risk

In May 2012, we entered into a foreign exchange contract to hedge certain firm foreign currency purchase commitments. The first was for Mexican Pesos for $700,000 U.S. Dollar equivalents at an exchange rate of 14.5700 which expires in December, 2013. In August, 2013, we entered into a forward purchase Mexican Peso contract which expires in 2014. The contract was for $1,200,000 U.S. Dollar equivalents at an exchange rate of 13.6103.   Our Mexican Peso foreign exchange contracts represent 50% of our projected Peso exposure. Our estimated monthly exposure is equivalent to approximately $200,000 in U. S. Dollars.

In December, 2012 we entered into two forward purchase Yen contracts which expires at the end of 2013. The first contract was for Japanese Yen for $1.5 million U.S. Dollar equivalents at an exchange rate of 85.27 which expired in September, 2013 and the second was for Japanese Yen for $1.5 million U.S. Dollar equivalents at an exchange rate of 85.16 which expires in December, 2013. Our Japanese Yen foreign exchange contract represents approximately 3.76% of our projected Yen exposure.

In January 2013, we entered into a forward purchase Indonesian Rupiah contract which expires in December 2013. The contract was for $3,300,000 U.S. Dollar equivalents at an exchange rate of 9910.  Our Indonesian Rupiah foreign exchange contract represents approximately 80% of our projected Rupiah exposure. Our estimated monthly exposure is equivalent to approximately $350,000 to $375,000 in U. S. Dollars.

The following table summarizes the notional current values as of September 30, 2013, of these contracts:

Transaction Date

Type of Currency

Amount Available in Dollars

Effective Date

Expiration Date

12-May

Peso

$

300

13-Jan

13-Dec

12-Dec

Yen

1,500

12-Dec

13-Dec

13-Jan

Rupiah

900

13-Jan

13-Dec

13-Aug

Peso

1,200

14-Jan

14-Dec

$

3,900

US_Flag_Senior_Credit_Facility

US Flag Senior Credit Facility	9 Months Ended
	Sep. 30, 2013
US Flag Senior Credit Facility [Abstract]	'
US Flag Senior Credit Facility	'
	Note 15. US Flag Senior Credit Facility
	On September 24, 2013, we entered into a US Flag senior secured credit facility. The Credit Facility matures on September 24, 2018 and includes a term loan facility in the principal amount of $45 million and a revolving credit facility (“LOC”) in the principal amount up to $50 million. The LOC facility includes a $20 million sublimit for the issuance of standby letters of credit and a $5 million sublimit for swingline loans.  As of September 24, 2013, the Credit Facility had four lenders, each with commitments ranging from $15 million to $30 million. The facility carries an accordion feature, whereby an additional term loan up to $50 million may be advanced subject to certain financial requirements.
	In conjunction with entering into the new Credit Facility, we used the Credit Facility to refinance and retire all indebtedness outstanding under our previously-existing LOC facility scheduled to expire in September 2014 and our five-year variable rate financing agreement we entered into on November 30, 2012.  As a result, both the old LOC facility and the old five-year variable rate facilities were terminated concurrently with the establishment of the new Credit Facility. The total amount paid off was approximately $46.6 million with $21.0 million of this amount drawn from the new LOC.
	We categorized this refinancing as a debt extinguishment. The total fees associated with this facility included $1.4 million of bank fees and $148,000 of third party fees. All bank fees associated with the term loan facility were expensed during the third quarter of 2013, while all the fees associated with new LOC facility will be amortized and expensed over the term of the Credit Facility. Approximately $800,000 was expensed in the third quarter of 2013.
	For an update on our obligations and commitments see page 57 of the Liquidity and Capital Resource section of our Management’s Discussion and Analysis.

LongTerm_Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2013
Long-Term Debt [Abstract]	'
Long-Term Debt	'
	Note 16. Long-Term Debt
	Long-term debt consisted of the following:
	( in thousands)		Interest Rate						Total Principal Due
			September 30,		December 31,		Maturity		September 30,		December 31,
	Description		2013		2012		Date		2013		2012
	Secured:
	Notes Payable – Variable Rate	1	0.0000	%	2.0600	%		$	-	$	12,666
	Notes Payable – Variable Rate		2.5326	%	2.5590	%	2017		11,942		13,436
	Notes Payable – Variable Rate	2,5	0.0000	%	2.7090	%			-		30,000
	Notes Payable – Variable Rate		2.76-2.77	%	2.81-2.85	%	2018		46,000		48,760
	Notes Payable – Variable Rate	3	2.7525	%	2.8090	%	2018		16,320		18,896
	Notes Payable – Variable Rate	3	2.7647	%	2.8158	%	2018		16,965		17,908
	Notes Payable – Variable Rate		2.9181	%	2.9810	%	2018		13,490		15,620
	Notes Payable – Variable Rate	4	3.7150	%	1.8314	%	2020		34,565		42,089
	Notes Payable – Variable Rate	5	3.7496	%	0.0000	%	2018		45,000		-
	Unsecured Line of Credit-Old	6	0.0000	%	3.9500	%			-		38,255
	Secured Line of Credit-New	5	3.6800	%			2018		21,000		-
									205,282		237,630
			Less Current Maturities						-19,164		-26,040
								$	186,118	$	211,590
	1	We had an interest rate swap agreement in place to fix the interest rate on our variable rate note payable expiring in 2015 at 4.41%.  Upon early repayment of approximately $13.3 million to close this credit facility, the interest rate swap was settled and terminated.
	2	We entered into a variable rate financing agreement with Capital One N.A. on November 30, 2012 for a five year facility totaling $30 million to finance a portion of the acquisition of UOS.  This facility was fully drawn prior to the end of 2012. Upon execution of the new US Senior Credit Facility, this credit facility was paid off in full. The early pre-payment amount was approximately $25.5 million.
	3	We entered into a variable rate financing agreement with ING Bank N.V., London branch on June 20, 2011 for a seven year facility to finance the acquisition of a Cape Size vessel and a Handymax Bulk Carrier Newbuilding, both of which we acquired a 100% interest in as a result of our acquisition of Dry Bulk.  Pursuant to the terms of the facility, the lender agreed to provide a secured term loan facility divided into two tranches: Tranche A, fully drawn on June 20, 2011 in the amount of $24.1 million, and Tranche B, providing up to $23.3 million of additional credit. Under Tranche B, we drew $6.1 million in November 2011 and $12.7 million on January 24, 2012.
	4	We have an interest rate swap agreement in place to fix the interest rate on our variable rate note payable expiring in 2020 at 2.065%. After applicable margin adjustments, the effective interest rate on this note payable is fixed at 3.715%. The swap agreement is for the same term as the associated note payable.
	5	On September 24, 2013, we entered into a senior secured Credit Facility. The Credit Facility matures on September 24, 2018 and includes a term loan facility in the principal amount of $45 million and a LOC in the principal amount of $50 million. The LOC facility includes a $20 million sublimit for the issuance of standby letters of credit and a $5 million sublimit for swingline loans.  As of September 24, 2013, the Credit Facility had four lenders, each with commitments ranging from $15 million to $30 million.
	6	Effective November 28, 2012, our revolving credit facility was increased from $30 million to $42 million to provide additional funds for working capital purposes. This revolver was considered fully drawn at December 31, 2012 and the $12 million increase was fully repaid in January 2013. On June 28, 2013 our revolving facility availability was increased from $30 million to $35 million for working capital purposes. The amount drawn at June 30, 2013 was $31.0 million, with $3.7 million used as collateral for various letters of credit. The net weighted average interest rate on all of our long-term debt after consideration of the effect of our interest rate swaps at June 30, 2013 and December 31, 2012 was 3.3275% and 3.2645%, respectively. This unsecured line of credit agreement was paid off with execution of the new secured credit facility on September 24, 2013.
	During the second quarter of 2013, we deposited $9.8 million in association with a covenant with the ING Bank N.V., London Branch for a minimum fair market value of these Dry Bulk Vessels to loan balance. We believe from the current appraisals received that approximately $7.3 million of this deposit will be returned due to increased vessel valuations.
	Our debt agreements, among other things, impose defined minimum working capital, minimum liquidity, and net worth requirements, impose leverage requirements, and prohibit us from incurring, without prior written consent, additional debt or lease obligations, except as defined.  As of September 30, 2013, we met all of the financial covenants under our various debt agreements, the most restrictive of which include the working capital, leverage ratio, minimum net worth and interest coverage ratios.
	In addition to the restrictions under our new Credit Facility, certain of our loan agreements restrict the ability of our subsidiaries to dispose of collateralized assets or any other asset which is substantial in relation to our assets taken as a whole without the approval from the lender.  We have consistently remained in compliance with this provision of these loan agreements.

Preferred_Stock

Preferred Stock	9 Months Ended
	Sep. 30, 2013
Preferred Stock [Abstract]	'
Preferred Stock	'
	Note 17. Preferred Stock
	Series A Issuance
	On February 21, 2013, we sold 250,000 shares of our 9.50% Series A Cumulative Redeemable Perpetual Preferred Stock, $1.00 par value per share, with a liquidation preference of $100.00 per share.
	Subject to the declaration of dividends by our Board of Directors, cumulative dividends on the Series A Preferred Stock are payable at a rate of 9.50% per annum per $100.00 liquidation preference per share, starting from the date of original issue, February 21, 2013.  Dividends accumulate quarterly in arrears on each January 30, April 30, July 30 and October 30, beginning on April 30, 2013.  However, the dividends are payable only if declared by our board of directors and must come from funds legally available for dividend payments.  On April 10, 2013, the Board of Directors declared a dividend of $1.79 per share on our Series A Preferred Stock which was paid on April 30, 2013.  On July 17, 2013 the Board of Directors declared a dividend of $2.375 per share which was paid on July 30, 2013. On October 8, 2013, the Board of Directors declared a dividend of $2.375 per share on our Series A Preferred Stock for the preferred stockholders of record as of October 29, 2013, which was paid on October 30, 2013.  As of September 30, 2013 we had no accumulated unpaid dividends for our Series A preferred stock.
	Commencing on April 30, 2018, we may redeem, at our option, the Series A Preferred Shares, in whole or in part, at a cash redemption price of $100.00 per share, plus any accrued and unpaid dividends to, but not including, the redemption date.  If at any time a “Change of Control” occurs, we will have the option to redeem the Series A Preferred Shares, in whole, within 120 days after the date of the Change of Control at the same cash redemption price.  The Series A Preferred Shares have no stated maturity, will not be subject to any sinking fund or other mandatory redemption, and will not be convertible into or exchangeable for any of our other securities.
	Holders of the Series A Preferred Shares generally have no voting rights except for limited voting rights if dividends payable on the outstanding Series A Preferred Shares are in arrears for six or more consecutive or non-consecutive quarters, and under certain other limited circumstances.
	Net proceeds from the issuance of the Series A Preferred Shares were approximately $23.4 million, net of underwriter discounts and related costs totaling approximately $1.6 million.
	Series B Issuance
	On August 1, 2013, we sold 316,250 shares of our 9.00% Series B Cumulative Redeemable Perpetual Preferred Stock, $1.00 par value per share, with a liquidation preference of $100.00 per share, including 41,250 shares sold pursuant to an over-allotment option granted to the underwriters for the offering.
	Subject to the declaration of dividends by our Board of Directors, cumulative dividends on the Series B Preferred Stock are payable at a rate of 9.00% per annum per $100.00 liquidation preference per share, starting from the date of original issue, August 1, 2013. Dividends accumulate quarterly in arrears on each January 30, April 30, July 30 and October 30, beginning on October 30, 2013. However, the dividends are payable only if declared by our board of directors and must come from funds legally available for dividend payments.  On October 8, 2013, the Board of Directors declared a dividend of $2.25 per share on our Series B Preferred Stock for the preferred stockholders of record as of October 29, 2013, which was paid on October 30, 2013.  As of September 30, 2013 we had no accumulated unpaid dividends for our Series B preferred stock.
	Commencing on October 30, 2018, we may redeem, at our option, the Series B Preferred Shares, in whole or in part, at a cash redemption price of $100.00 per share, plus any accrued and unpaid dividends to, but not including, the redemption date.  If at any time a “Change of Control” occurs, we will have the option to redeem the Series B Preferred Shares, in whole, within 120 days after the date of the Change of Control at the same cash redemption price.  The Series B Preferred Shares have no stated maturity, will not be subject to any sinking fund or other mandatory redemption, and will not be convertible into or exchangeable for any of our other securities.
	Holders of the Series B Preferred Shares generally have no voting rights except for limited voting rights if dividends payable on the outstanding Series B Preferred Shares are in arrears for six or more consecutive or non-consecutive quarters, and under certain other limited circumstances.
	Net proceeds from the issuance of the Series B Preferred Shares were approximately $30.0 million, net of underwriter discounts and related costs totaling approximately $1.6 million.

Stockholders_Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity [Abstract]	'
Stockholders' Equity	'
	Note 18.  Stockholders’ Equity
	A summary of the changes in Stockholders’ equity for the nine months ended September 30, 2013 is as follows:
				Stockholders'
	(Amounts in thousands)			Equity
	Balance December 31, 2012		$	262,299
	Net Income			1,290
	Issuance of Preferred Stock			53,336
	Common Stock Dividends			-5,485
	Preferred Stock Dividends			-1,041
	Unrealized Foreign Currency Translation Gain			-61
	Net Change in Fair Value of Derivatives			2,289
	Net Change in Funding Status of Defined Benefit Plan			927
	Stock-based compensation expense (net of forfeited shares)			648
	Balance  September 30, 2013		$	314,202
	Stock Repurchase Program
	On January 25, 2008, the Company’s Board of Directors approved a share repurchase program for up to a total of 1,000,000 shares of the Company’s common stock. We expect that any share repurchases under this program will be made from time to time for cash in open market transactions at prevailing market prices. The timing and amount of any purchases under the program will be determined by management based upon market conditions and other factors.  In 2008, we repurchased 491,572 shares of our common stock for $11.5 million. Thereafter, we suspended repurchases until the second quarter of 2010, when we repurchased 223,051 shares of our common stock for $5.2 million.  Unless and until the Board otherwise provides, this authorization will remain open indefinitely, or until we reach the approved 1,000,000 share limit.
	This table provides certain information with respect to the Company’s purchase of shares of its common stock during the three months ended September 30, 2013:
	ISSUER PURCHASES OF EQUITY SECURITIES
	Period	(a) Total Number of Shares Purchased	(b) Average Price Paid per Share	(c) Total Number of Shares Purchased as Part of Publicly Announced Plan	(d) Maximum Number of Shares that May Yet Be Purchased Under the Plan
	July 1, 2013 - July 31, 2013	-	-	-	285,377
	August 1, 2013 - August 31, 2013	-	-	-	285,377
	September 1, 2013 - September 30, 2013	-	-	-	285,377
	Dividend Payments
	During the nine months ended September 30, 2013, we paid cash dividends in respect to our common stock as follows:
	(Amounts in Thousands Except per Share Data )							Total
					Per Share			Dividend
	Record Date		Payment Date		Amount			Paid
	19-Feb-13		4-Mar-13	$	0.25		$	1,803
	11-Mar-13		13-Mar-13	$	1.00	*		23
	23-Apr-13		29-Apr-13	$	1.00	*		6
	7-May-13		8-May-13	$	1.00	*		29
	16-May-13		3-Jun-13	$	0.25			1,812
	16-Aug-13		4-Sep-13	$	0.25			1,812
							$	5,485
	*During the first quarter and second quarter of 2013, we paid an additional $23,000 and $35,000 respectively, in cash dividends related to unvested stock awards that was previously accrued. Upon vesting of these shares of restricted stock, these cash dividends were disbursed to the holders of those restricted shares.
	During the nine months ended September 30, 2013, we paid cash dividends in respect of our Series A Cumulative Perpetual Preferred Stock as follows:
	(Amounts in Thousands Except per Share Data )						Total
					Per Share		Dividend
	Record Date	Series	Payment Date		Amount		Paid
	29-Apr-13	A	30-Apr-13	$	1.79	$	447
	29-Jul-13	A	30-Jul-13	$	2.375		594
						$	1,041

Stock_Based_Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2013
Stock Based Compensation [Abstract]	'
Stock Based Compensation	'
	Note 19.  Stock Based Compensation
	General
	We grant stock awards to key executive personnel and to our independent Board of Directors. For further details, see below:
	On May 7, 2012, we granted 65,500 restricted stock units payable in shares of our common stock, $1.00 par value per share, to ten key individuals.  The grants consisted of three tranches of restricted stock units (“RSUs”) – Time-Based RSUs, Absolute Performance-Based RSUs, and Relative Performance-Based RSUs.  If we attain certain performance targets, the 65,500 RSUs could have resulted in us issuing up to 81,188 shares of our stock.  As of September 30, 2013, 57,401 shares have been issued and we have a remaining 10,000 RSUs that have not been issued.  If we attain certain performance targets at the end of 2014, the 10,000 RSUs could result in us issuing up to 11,500 shares of our stock.
	On April 23, 2013, the Compensation Committee of our Board of Directors granted 121,100 restricted stock units payable in shares of our common stock, $1.00 par value per share, to eleven key individuals. The grants issued include 87,300 Time-Based RSUs, 16,901 Absolute Performance-Based RSUs, and 16,899 Relative Performance-Based RSUs. If we attain certain performance targets, the 121,100 RSUs could result in us issuing up to 134,475 shares of our stock.
	The fair value of the service based awards was calculated based on the closing market price of our stock as of the grant date times the number of RSUs issued with no forfeitures assumed. For our 2013 awards and 2012 awards, we used the closing market price of our stock on April 23, 2013 and on May 7, 2012 which was $17.66 and $19.35 per share, respectively. The performance based RSUs are subject to vesting upon two different performance metrics: an absolute performance metric based on targeted earnings per share and a relative performance metric based on our total stockholder return over a given period as measured against that of the other companies in the Russell 2000 index.  In order to calculate the fair value of our absolute performance RSUs, we multiplied the closing market price of our stock as of the grant date times the number of RSU’s issued with no forfeitures assumed. For our 2013 awards and 2012 awards, we used the closing market price of our stock on April 23, 2013 and on May 7, 2012 which was $17.66 and $19.35 per share, respectively. We measured our related performance RSUs based on market conditions and were accounted for and measured differently from an award that has a performance or service feature. The effect of a market condition is reflected in the award’s fair value on the grant date. In order to derive the fair value of these awards, a Monte-Carlo simulation statistical technique was used to simulate our future stock prices and the components of the Russell 2000 Index. The stock prices were based upon the risk-free rate of return, the volatility of each entity, and the correlation of each entity with the Russell 2000 Index. We multiplied our ending simulated stock price by the payout percentage to determine a projected payout at the end of the performance period. The ending payout was then discounted, using the risk-free rate of return, to the grant date to determine the grant date fair value. Since both the 2013 and 2012 awards provided for both one year vesting (top four named executive officers) and three year vesting (all other award recipients), a fair value was calculated separately for the one and three year awards for each year. The following assumptions were used:
			2013 Awards						2012 Awards
			1 Year Vest			3 Year Vest			1 Year Vest			3 Year Vest
	Stock Price	$	17.66		$	17.66		$	19.35		$	19.35
	Expected Volatilities		33.5	%		37.03	%		44.31	%		40.50	%
	Correlation Coefficients		0.4729			0.6254			0.719			0.6938
	Risk Free Rate		0.1	%		0.31	%		0.16	%		0.34	%
	Dividend Yield		5.7	%		5.70	%		5.17	%		5.17	%
	Simulated Fair Value	$	15.33		$	16.57		$	17.73		$	18.88
	Fair Value as a % of Grant		86.81	%		93.83	%		91.63	%		97.57	%
	Our operating results, net income and net income before taxes for the periods set forth below include (i) the following amounts of compensation expense associated with the stock grants and RSUs and (ii) the related reductions in earnings per share:
		Three Months ended September 30,					Nine Months ended September 30,
			2013		2012			2013		2012
	Stock-Based Compensation
	Expense:
	Stock Grants to Directors & Officers	$	30,000	$	30,000		$	90,000	$	390,000
	RSUs Awards to Officers	$	272,000	$	307,000		$	933,000	$	491,000
	Related Reduction in
	Earnings Per Share 1		-0.03		-0.05			-0.09		-0.12
	1  Same for basic and diluted earnings per share
	Stock Awards
	On January 15, 2013, our independent Directors received unrestricted stock awards of an aggregate of 6,708 shares from the 2011 Stock Incentive Plan (“the Plan”).  For the nine months ended September 30, 2013, our net income reflected $90,000 of stock-based compensation expense charges, exclusive of expense related to the RSUs discussed below, which had no effect on either basic or diluted earnings per share.
	A summary of the activity for stock awards during the nine months ended September 30, 2013 is as follows:
		2013
		Shares		Weighted Average Fair Value Per Share
	Non-vested - December 31, 2012	-		-
	Unrestricted Shares Granted	6,708		$
				17.89
	Shares Vested	-6,708		$
				17.89
	Shares Forfeited	-		-
	Non-vested - September 30, 2013	-		-
	Restricted Stock Units
	For three months ended September 30, 2013 and 2012, our net income reflected $272,000 and $307,000, respectively, of RSU stock-based compensation expense charges.  For the nine months ended September 30, 2013 and 2012, stock-based compensation expense related to RSUs was $933,000 and $491,000, respectively.
	2012 Grants
	Our Time-Based RSUs represent the right to receive one share of our common stock and will vest evenly over a three year period, except that the Time-Based RSUs for our top two executives will vest on the first anniversary of the grant date.
	Each of our Absolute Performance-Based RSUs represents the right to receive a maximum of one-and-a-half shares of our common stock. These RSUs will pay out based on our basic earnings per share for fiscal year 2012, with the actual number of shares of common stock received dependent on our level of achievement as measured against the target. The maximum pay-out was reached with this target and 18,188 shares vested March 11, 2013, 3,376 additional shares vested on April 23, 2013, due to accelerated vesting of two top executives awards and the remaining 3,000 shares will vest ratably over the next two years.
	Each of our Relative Performance-Based RSUs represents the right to receive a maximum of one-and-a-half shares of our common stock. These RSUs will pay out in shares of our common stock based on how our total stockholder return for the three-year period (or the one-year period, for our top four executives) beginning January 1, 2012 compares relative to the total shareholder return of the companies comprising the Russell 2000 index for the same period or periods. For the year ended 2012, the Company ranked in the 27th percentile, which paid out 53% of the RSU’s granted or 5,300 shares vested on March 11, 2013 to two of our top four executives. An additional 1,788 shares vested on April 23, 2013 due to an accelerated vesting period applicable to two of our top four executives, any shares due under these RSUs will be paid out in the fiscal year following the end of the applicable performance period.  In all cases, vesting is contingent upon continued employment with the company.
	2013 Grants
	Our Time-Based RSUs represent the right to receive one share of our common stock and will vest evenly over a three year period beginning in fiscal year 2014.  Each of our Absolute Performance-Based RSUs represents the right to receive a maximum of one-and-a-half shares of our common stock. These RSUs will pay out based on our basic earnings per share for fiscal year 2013, with the actual number of shares of common stock received dependent on our level of achievement as measured against the performance level. The shares due under these RSUs will vest evenly over three years beginning in fiscal year 2014, except that the Absolute Performance-Based RSUs for our top four executives are subject to vesting in fiscal year 2014.
	Each of our Relative Performance-Based RSUs represents the right to receive a maximum of one-and-a-half shares of our common stock. These RSUs will pay out in shares of our common stock based on how our total stockholder return for the three-year period (or the one-year period, for our top four executives) beginning January 1, 2013 compares relative to the total stockholder return of the companies comprising the Russell 2000 index for the same period or periods. Any shares due under these RSUs will be paid out in the fiscal year following the end of the applicable performance period.
	In all cases, vesting is contingent upon continued employment with the company. A summary of the activity for the restricted stock awards during the nine months ended September 30, 2013 is as follows:
		Number of RSU's		Weighted Average Grant Date Fair Value
	Non-vested - December 31, 2012	65,500		$
				21.48
	Additional Awards Granted	8,188		19.35
	Awards Granted	121,100		17.37
	Awards Exercised	-57,402		19.15
	Awards Cancelled	-6,286		18.02
	Non-vested - September 30, 2013	131,100		$
				18.77
	Due to meeting the maximum performance level for the 2012 granted Absolute Performance-Based RSUs, an additional 8,188 shares were awarded. For the top four executives the 2012 granted Relative Performance-Based RSUs met performance level threshold resulted in 53% of the granted awards being exercised and the remaining 6,286 shares were canceled. During first quarter of 2013 we retired a combined total of 8,186 shares of common stock, in order to meet the minimum tax liabilities associated with the vesting of Restricted Stock held by our executive officers. During second quarter of 2013 we retired a combined total of 11,509 shares of common stock, in order to meet the minimum tax liabilities associated with the vesting of Restricted Stock held by our executive officers.

Changes_In_Accumulated_Other_C

Changes In Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2013
Changes In Accumulated Other Comprehensive Income [Abstract]	'
Changes In Accumulated Other Comprehensive Income	'
	Note 20.  Changes in Accumulated Other Comprehensive Income
	Changes in Accumulated  Other Comprehensive Income by Component
	For the three months ending September 30, 2013
				Gains and Losses on Derivatives Fair Value *		Unrealized Translation Loss		Defined Benefit Pension Items		Total
	Beginning balance June 30, 2013		$	5,844	$	104	$	16,623	$	22,571
		Other comprehensive (loss) income
		before reclassification		-3,275		307		-		-2,968
		Amount reclassified from accumulated
		other comprehensive income		2,495		-		-306		2,189
	Net current-period other
	comprehensive income			-780		307		-306		-779
	Ending balance		$	5,064	$	411	$	16,317	$	21,792
	*The fair value balance as of September 30, 2013, includes a negative $717,151 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.
	Reclassifications out of Accumulated Other Comprehensive Income
	For the three months ending September 30, 2013
	Details about Accumulated Other Comprehensive Income Components			Amount Reclassified from Accumulated Other Comprehensive Income	Affected Line Item in the Statement Where Net Income is Presented
	Gains and losses on derivatives fair value
		Interest rate contracts	$	2,444	Interest expense
		Foreign exchange contracts		51	Other revenues
				2,495	Total before tax
				-	Tax (expense) or benefit
				2,495	Net of tax
	Amortization of defined benefit pension items
		Prior service costs		-25	A&G Expense
		Actuarial losses		-281	A&G Expense
		Actuarial gains (losses)		-
				-306	Total before tax
				-	Tax (expense) or benefit
				-306	Net of tax
	Total reclassifications for the period		$	2,189	Net of tax
	Changes in Accumulated  Other Comprehensive Income by Component
	For the nine months ending September 30, 2013
				Gains and Losses on Derivatives Fair Value *		Unrealized Translation Loss		Defined Benefit Pension Items		Total
	Beginning balance as of January 1, 2013		$	7,352	$	350	$	17,244	$	24,946
		Other comprehensive (loss) income
		before reclassification		-4,070		61		-		-4,009
		Amount reclassified from accumulated
		other comprehensive income		1,781		-		-927		854
	Net current-period other
	comprehensive income			-2,289		61		-927		-3,156
	Ending balance		$	5,064	$	411	$	16,317	$	21,792
	*The fair value balance as of September 30, 2013, includes a negative $717,151 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.
	Reclassifications out of Accumulated Other Comprehensive Income
	For the nine months ending September 30, 2013
	Details about Accumulated Other Comprehensive Income Components			Amount Reclassified from Accumulated Other Comprehensive Income	Affected Line Item in the Statement Where Net Income is Presented
	Gains and losses on derivatives fair value
		Interest rate contracts	$	1,795	Interest expense
		Foreign exchange contracts		-14	Other revenues
				1,781	Total before tax
				-	Tax (expense) or benefit
				1,781	Net of tax
	Amortization of defined benefit pension items
		Prior service costs		-75	A&G Expense
		Actuarial losses		-852	A&G Expense
				-927	Total before tax
				-	Tax (expense) or benefit
				-927	Net of tax
	Total reclassifications for the period		$	854	Net of tax

Employee_Benefit_Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2013
Employee Benefit Plans [Abstract]	'
Employee Benefit Plans	'
	Note 21.  Employee Benefit Plans
	The following table provides the components of net periodic benefit cost for our pension plan and postretirement benefits plan for the three months ended September 30, 2013 and 2012:
			Pension Plan				Postretirement Benefits
	( Amounts in Thousands)		Three Months Ended September 30,				Three Months Ended September 30,
	Components of net periodic benefit cost:		2013		2012		2013		2012
	Service cost	$	124	$	164	$	6	$	13
	Interest cost		330		357		119		130
	Expected return on plan assets		-560		-497		-		-
	Amortization of prior service cost		-1		-1		25		-3
	Amortization of Net Loss		220		192		63		71
	Net periodic benefit cost	$	113	$	215	$	213	$	211
	The following table provides the components of net periodic benefit cost for our pension plan and postretirement benefits plan for the nine months ended September 30, 2013 and 2012:
			Pension Plan				Postretirement Benefits
	( Amounts in Thousands)		Nine Months Ended September 30,				Nine Months Ended September 30,
	Components of net periodic benefit cost:		2013		2012		2013		2012
	Service cost	$	504	$	492	$	18	$	39
	Interest cost		1,002		1,071		357		390
	Expected return on plan assets		-1,674		-1,491		-		-
	Amortization of prior service cost		-3		-3		75		-9
	Amortization of Net Loss		666		576		189		213
	Net periodic benefit cost	$	495	$	645	$	639	$	633
	We contributed $800,000 to our pension plan for the nine months ended September 30, 2013. We contributed an additional $800,000 on October 15, 2013.  We do not anticipate any additional contributions being made for the balance of 2013.

New_Accounting_Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2013
New Accounting Pronouncements [Abstract]	'
New Accounting Pronouncements	'
	Note 22.  New Accounting Pronouncements
	In January 2013, the Financial Accounting Standard Board (“FASB”) issued ASU 2013-01, "Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities" to amend Accounting Standards Codification Topic 210, "Balance Sheet".  The amendment is to clarify that the scope of Update 2011-11 applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with Section 210-20-45 or Section 815-10-45 or subject to an enforceable master netting arrangement or similar agreement.  ASU 2013-01 is effective for fiscal years beginning on or after January 1, 2013 and interim and annual periods thereafter. We adopted ASU 2013-01 in the first quarter of 2013 and the application of the new requirements did not have a material effect on our operating results or financial position.
	In February 2013, the Financial FASB issued ASU 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income" to amend Accounting Standards Codification Topic 220, "Comprehensive Income".  The amendment requires an entity to provide information about the amounts reclassified out of other comprehensive income by component. Entities are also required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under US GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under US GAAP to be reclassified in their entirety to net income, an entity is required to cross reference to other disclosures required under US GAAP that provide additional details about those amounts ASU 2013-02 is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2012.  We adopted ASU 2013-02 in the first quarter of 2013 and the application of the new requirements did not have a material effect on our operating results or financial position.
	In February 2013, the FASB issued ASU 2013-04, “Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date (a consensus of the Emerging Issues Task Force)”, to amend Accounting Standards Codification Topic 405, “Liabilities”. This guidance requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date. This stipulates that (1) it will include the amount the entity agreed to pay for the arrangement between them and the other entities that are also obligated to the liability and (2) any additional amount the entity expects to pay on behalf of the other entities. The objective of this update is to provide guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements. ASU 2013-04 is effective for fiscal periods (and interim reporting periods within those years) beginning after December 15, 2013. We are currently evaluating the adoption of this standard.
	In March 2013, the FASB issued ASU 2013-05,“Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity” to amend Accounting Standards Codification Topic 830, “Foreign Currency Matters”. The objective of the amendments in this Update is to resolve the diversity in practice about whether Subtopic 810-10, Consolidation—Overall, or Subtopic 830-30, Foreign Currency Matters—Translation of Financial Statements, applies to the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights) within a foreign entity. ASU 2013-05 is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013. We are currently evaluating the adoption of this standard.
	In July 2013, the FASB issued ASU No. 2013-10, “Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes” (a consensus of the FASB Emerging Issues Task Force), which permits the use of the Fed Funds Effective Swap Rate (also referred to as the Overnight Index Swap Rate), in addition to the U.S. government rate (UST) and London Interbank Offered Rate (LIBOR), as a U.S. benchmark interest rate for hedge accounting purposes under FASB ASC Topic 815, Derivatives and Hedging. Entities should apply the ASU prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. We are currently evaluating the adoption of this standard.
	In July 2013, the FASB issued ASU No. 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (a consensus of the FASB Emerging Issues Task Force), which requires an entity to present an unrecognized tax benefit as a reduction of a deferred tax asset for an net operating loss (NOL) carryforward, or similar tax loss or tax credit carryforward, rather than as a liability when (1) the uncertain tax position would reduce the NOL or other carryforward under the tax law of the applicable jurisdiction and (2) the entity intends to use the deferred tax asset for that purpose. The ASU does not require new recurring disclosures. It is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013 and December 15, 2014, for public and nonpublic entities, respectively. Early adoption and retrospective application are permitted. We are currently evaluating the adoption of this standard.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 23.  Subsequent Events
	On October 1, 2013, we invested $2.7 million towards the acquisition of an equity interest in two-newly built chemical tankers scheduled to be delivered in the first quarter of 2014. We anticipate investing another $5.8 million upon delivery of the vessels.
	On September 23, 2013, one of our wholly-owned subsidiaries entered into a bareboat charter agreement effective October 1, 2013, for one multi-purpose heavy lift dry cargo vessel. Immediately upon delivery of the vessel, the vessel was time-chartered out. Both the bareboat charter in and time-charter out agreements expire on May 1, 2015.

Acquisitions_Tables

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2013
Business Acquisition [Line Items]	'
Business Acquisition, Pro Forma Information	'
			Three Months Ending		Nine Months Ending
			30-Sep-12		30-Sep-12
			Pro Forma		Pro Forma
	Revenues	$	82,270	$	246,809
	Net earnings attributable to ISH	$	7,691	$	23,074
	Net earnings per share attributable to ISH common stockholders:
	Basic	$	3.20	$	3.21
	Diluted	$	3.20	$	3.20
	Weighted average shares of common stock outstanding
	Basic		7,203,860		7,192,818
	Diluted		7,220,901		7,208,886
UOS [Member]	'
Business Acquisition [Line Items]	'
Assets Acquired and Liabilities Assumed	'
			Amount Recognized as of Acquisition Date
	Description		(Dollars in Thousands)
	Working Capital including Cash Acquired	$	8,512
	Inventory		6,510
	Property, Plant, & Equipment		60,037
	Identifiable Intangible Assets		45,131
	Total Assets Acquired		120,190
	Misc. Payables & Accrued Expenses		-5,469
	Other Long Term Liability		-1,945
	Total Liabilities Assumed		-7,414
	Net Assets Acquired		112,776
	Total Consideration Transferred		-114,717
	Goodwill*	$	1,941
	*  Goodwill is calculated as the excess of the consideration transferred over the net assets acquired and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized.  Our above-described goodwill will not be amortized nor do we expect it to be deductible for tax purposes.  Specifically, the goodwill recorded as part of the acquisition of UOS includes the following:
	·	the expected synergies and other benefits that we believe will result from combining the operations of UOS with our existing Jones Act operations.
	·	any intangible assets that do not qualify for separate recognition, including an assembled workforce of the acquired company, and
	·	the anticipated higher rate of return of  UOS’s existing businesses as going concerns compared to the anticipated rate of return if we had acquired all of the net assets separately.
Frascati Shops, Inc. and Tower, LLC [Member]	'
Business Acquisition [Line Items]	'
Assets Acquired and Liabilities Assumed	'
			Amount Recognized as of Acquisition Date
	Description		(Dollars in Thousands)
	Working Capital including Cash Acquired	$	18
	Inventory		231
	Property, Plant, & Equipment		3,411
	Identifiable Intangible Assets		490
	Total Assets Acquired		4,150
	Misc. Payables & Accrued Expenses		-412
	Long Term Debt		-3,490
	Deferred Tax Liability		-453
	Total Liabilities Assumed		-4,355
	Net Liabilities Assumed		-205
	Total Consideration Transferred		-623
	Goodwill*	$	828
	*  Goodwill is calculated as the excess of the consideration transferred over the net assets acquired and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized.  Our above-described goodwill will not be amortized nor do we expect it to be deductible for tax purposes.  Specifically, the goodwill recorded as part of the acquisition of FSI and Tower includes the following:
	·	the expected synergies and other benefits that we believe will result from combining the operations of the Acquired Companies with our existing Rail-Ferry operations.
	·	any intangible assets that do not qualify for separate recognition, including an assembled workforce of the acquired companies, and
	the anticipated higher rate of return of the Acquired Companies existing businesses as going concerns compared to the anticipated rate of return if we had acquired all of the net assets separately.

Operating_Segments_Tables

Operating Segments (Tables)	9 Months Ended
	Sep. 30, 2013
Operating Segments [Abstract]	'
Segment Profit And Loss	'
	The following table presents information about segment profit and loss for the three months ended September 30, 2013 and 2012:
	RESULTS OF OPERATIONS
	three MONTHS ENDED september 30, 2013
	COMPARED TO THE three MONTHS ENDED september 30, 2012
	(All Amounts in Thousands)			Jones Act			Pure Car Truck Carriers			Dry Bulk Carriers			Rail Ferry			Specialty Contracts			Other			Total
	2013
	Fixed Revenue		$	31,003		$	14,843		$	919		$	-		$	7,928		$	-		$	54,693
	Variable Revenue			-			7,990			4,634			10,419			227			-25			23,245
	Total Revenue from External Customers			31,003			22,833			5,553			10,419			8,155			-25			77,938
	Intersegment Revenues (Eliminated)			-			-			-			-			-			-5,519			-5,519
	Intersegment Expenses Eliminated			-			-			-			-			-			5,519			5,519
	Voyage Expenses			24,400			19,728			4,801			8,494			7,602			-193			64,832
	Loss of Unconsolidated Entities			-			-			315			45			-			-			360
	Gross Voyage Profit		$	6,603		$	3,105		$	437		$	1,880		$	553		$	168		$	12,746
	Gross Voyage Profit Margin			21	%		14	%		8	%		18	%		7	%		-672	%		16	%
	2012
	Fixed Revenue		$	7,544		$	15,562		$	2,211		$	-		$	8,088		$	-		$	33,405
	Variable Revenue			-			14,864			5,047			7,532			-			314			27,757
	Total Revenue from External Customers			7,544			30,426			7,258			7,532			8,088			314			61,162
	Intersegment Revenues (Eliminated)			-			-			-			-			-			-4,664			-4,664
	Intersegment Expenses Eliminated			-			-			-			-			-			4,664			4,664
	Voyage Expenses			5,915			22,640			5,373			6,868			4,690			-92			45,394
	(Income) Loss of Unconsolidated Entities			-			-			-250			166			-			-			-84
	Gross Voyage Profit		$	1,629		$	7,786		$	2,135		$	498		$	3,398		$	406		$	15,852
	Gross Voyage Profit Margin			22	%		26	%		29	%		7	%		42	%		129	%		26	%
	The following table presents information about segment profit and loss for the nine months ended September 30, 2013 and 2012:
	RESULTS OF OPERATIONS
	NINE MONTHS ENDED september 30, 2013
	COMPARED TO THE NInE MONTHS ENDED september 30, 2012
Reconciliation Of The Totals Reported For The Operating Segments	'
		Three Months Ended September 30,						Year to date as of September 30,
			2013			2012			2013			2012
	Revenues	$	77,938		$	61,162		$	233,959		$	186,686
	Voyage Expenses		64,832			45,394			195,931			143,246
	Net Loss (Income) of Unconsolidated Entities		360			-84			705			-665
	Gross Voyage Profit		12,746			15,852			37,323			44,105
	Vessel Depreciation		6,130			6,100			17,705			18,180
	Other Depreciation		17			9			51			9
	Gross Profit		6,599			9,743			19,567			25,916
	Other Operating Expenses:
	Administrative and General Expenses		4,994			5,643			16,597			15,871
	Loss (Gain) on Sale  of Other Assets		6			3			6			-4,463
	Net (Income) Loss of Unconsolidated Entities		-360			84			-705			665
	Total Other Operating Expenses		4,640			5,730			15,898			12,073
	Operating Income	$	1,959		$	4,013		$	3,669		$	13,843

Unconsolidated_Entities_Tables

Unconsolidated Entities (Tables)	9 Months Ended
	Sep. 30, 2013
Unconsolidated Entities [Abstract]	'
Summarized Equity In Net Loss Of Unconsolidated Entities	'
			Three Months ended September 30,				Nine Months Ended September 30,
			2013		2012		2013		2012
	(Amounts in thousands)
	Oslo Bulk, AS	$	-193	$	224	$	-290	$	1,123
	Oslo Bulk Holding Pte. Ltd. (formerly Tony Bulkers)		-122		26		-363		-213
	Terminales Transgolfo,  S . A .  de  C . V .		-45		-166		-52		-245
	Total Equity in Net (Loss) Income of Unconsolidated Entities	$	-360	$	84	$	-705	$	665

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Calculation Of Basic And Diluted Earnings Per Share	'
		Three Months Ended September 30,					Nine Months Ended September 30,
			2013			2012		2013			2012
	Numerator
	Net (Loss) Income	$	-2,222		$	1,782	$	1,290		$	10,422
	Preferred Stock Dividends		1,076			-		1,920			-
	Net (Loss) Income Available to Common Stockholders	$	-3,298		$	1,782	$	-630		$	10,422
	Denominator
	Weighted Average Shares of Common Stock
	Outstanding:
	Basic		7,248,350			7,203,860		7,233,807			7,192,818
	Plus:
	Effect of dilutive restrictive stock		-	*		17,041		-	*		16,068
	Diluted		7,248,350			7,220,901		7,233,807			7,208,886
	Basic Earnings Per Common Share:
	Net Income per share - Basic	$	-0.46		$	0.25	$	-0.09		$	1.45
	Net Income per share - Diluted:	$	-0.46		$	0.25	$	-0.09		$	1.45
	*  There are 63,161 and 35,695 incremental shares not included due to the fact it would be anti-dilutive for the three months and nine months ended September 30, 2013, respectively.

Inventory_Tables

Inventory (Tables)	9 Months Ended
	Sep. 30, 2013
Inventory [Abstract]	'
Schedule Of Inventory	'
	(All amounts in thousands)		September 30,		December 31,
	Inventory Classes		2013		2012
	Spare Parts Inventory	$	4,481	$	3,652
	Fuel Inventory		4,380		4,633
	Warehouse Inventory		2,428		3,562
		$	11,289	$	11,847

Goodwill_And_Other_Intangible_1

Goodwill And Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2013
Goodwill And Other Intangible Assets [Abstract]	'
Schedule Of Goodwill And Other Intangible Assets	'
	(all amounts in thousands)
		Amortization Period		Gross Carrying Amount		Accumulated Amortization		Reclassified		Net Carrying Amount
	Indefinite Life Intangibles
	Goodwill (1)		$	2,771	$	-	$	-	$	2,771
	Total Indefinite Life Intangibles		$	2,771	$	-	$	-	$	2,771
	Definite Life Intangibles
	Trade names - FSI	240 months	$	65	$	-4	$	-	$	61
	Trade names - UOS	96 months		1,805		-188		-		1,617
	Customer Relationships - FSI	240 months		425		-24		-		401
	Customer Relationships - UOS	96 months		30,928		-3,222		-		27,706
	Favorable Lease - UOS	13 months		1,071		-1,071		-		-
	Favorable Lease - UOS EBO			11,328		-		-11,328		-
	Favorable Charter - Dry Bulk Cape Holding, Inc.	24 months		5,151		-5,151		-		-
	Total Definite Life Intangibles		$	50,773	$	-9,660	$	-11,328	$	29,785

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value Measurements [Abstract]	'
Summary Of Financial Assets And Financial Liabilities Measured At Fair Value On A Recurring And Non-Recurring Basis	'
	(Amounts in thousands)		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
	Derivative Assets	$	-	$	55	$	-	$	55
	Derivative Liabilities	$	-	$	-4,576	$	-	$	-4,576

Derivative_Instruments_Tables

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2013
Derivative Instruments [Abstract]	'
Notional And Fair Value Of Derivative Instruments	'
					Asset Derivatives				Liability Derivatives
					2013				2013
				Current Notional	Balance Sheet			Fair Value	Balance Sheet			Fair Value
	As of September 30, 2013			Amount	Location				Location
	Interest Rate Swaps - L/T*		$	51,140			$	-	Other Liabilities		$	-4,239
	Foreign Exchange Contracts			300	Other Current Assets			34
	Foreign Exchange Contracts			1,200	Other Assets			21				-
	Foreign Exchange Contracts			2,400					Current Liabilities			-337
	Total Derivatives designated as hedging instruments		$	55,040	-		$	55	-		$	-4,576
	*We have outstanding a variable-to-fixed interest rate swap with respect to a Yen-based facility for the financing of a PCTC delivered in March 2010.   The notional amount under this contract is $51,140,065 (based on a Yen to USD exchange rate of 98.24 as of September 30, 2013).  With the bank exercising its option to reduce the underlying Yen loan from 80% to 65% funding of the vessel’s delivery cost, the 15% reduction represents the ineffective portion of this swap, which consists of the portion of the derivative instrument that is no longer supported by underlying borrowings.  The change in fair value related to the ineffective portion of this swap was a $17,000 loss for the quarter ended September 30, 2013 and this amount was reflected in earnings. The fair value balance as of September 30, 2013, includes a negative $717,151 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.
Derivative Instruments, Effect On Other Comprehensive Income (Loss)	'
				Gain(Loss) Recognized in OCI	Location of Gain(Loss) Reclassified from AOCI to Income			Amount of Gain(Loss) Reclassified from AOCI to Income			Loss Recognized in Income from Ineffective portion
				2013				2013			2013
	Interest Rate Swaps		$	2,461	Interest Expense		$	1,309		$	486
	Foreign Exchange Contracts			-172	Other Revenues			-14			-
	Total		$	2,289			$	1,295		$	486
Interest Rate Derivatives	'
	Effective	Termination			Current
	Date	Date			Notional Amount	Swap Rate			Type
	3/15/09	9/15/20			51,140,065	2.065	%		Variable-to-Fixed
	Total:			$	51,140,065
	*Notional amount converted from Yen at September 30, 2013 at a Yen to USD exchange rate of 98.24
Notional Amount Of Foreign Exchange Contracts	'
	Transaction Date		Type of Currency			Amount Available in Dollars		Effective Date		Expiration Date
	12-May		Peso		$	300		13-Jan		13-Dec
	12-Dec		Yen			1,500		12-Dec		13-Dec
	13-Jan		Rupiah			900		13-Jan		13-Dec
	13-Aug		Peso			1,200		14-Jan		14-Dec
					$	3,900

LongTerm_Debt_Tables

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2013
Long-Term Debt [Abstract]	'
Schedule Of Long-Term Debt	'
	Long-term debt consisted of the following:
	( in thousands)		Interest Rate						Total Principal Due
			September 30,		December 31,		Maturity		September 30,		December 31,
	Description		2013		2012		Date		2013		2012
	Secured:
	Notes Payable – Variable Rate	1	0.0000	%	2.0600	%		$	-	$	12,666
	Notes Payable – Variable Rate		2.5326	%	2.5590	%	2017		11,942		13,436
	Notes Payable – Variable Rate	2,5	0.0000	%	2.7090	%			-		30,000
	Notes Payable – Variable Rate		2.76-2.77	%	2.81-2.85	%	2018		46,000		48,760
	Notes Payable – Variable Rate	3	2.7525	%	2.8090	%	2018		16,320		18,896
	Notes Payable – Variable Rate	3	2.7647	%	2.8158	%	2018		16,965		17,908
	Notes Payable – Variable Rate		2.9181	%	2.9810	%	2018		13,490		15,620
	Notes Payable – Variable Rate	4	3.7150	%	1.8314	%	2020		34,565		42,089
	Notes Payable – Variable Rate	5	3.7496	%	0.0000	%	2018		45,000		-
	Unsecured Line of Credit-Old	6	0.0000	%	3.9500	%			-		38,255
	Secured Line of Credit-New	5	3.6800	%			2018		21,000		-
									205,282		237,630
			Less Current Maturities						-19,164		-26,040
								$	186,118	$	211,590
	1	We had an interest rate swap agreement in place to fix the interest rate on our variable rate note payable expiring in 2015 at 4.41%.  Upon early repayment of approximately $13.3 million to close this credit facility, the interest rate swap was settled and terminated.
	2	We entered into a variable rate financing agreement with Capital One N.A. on November 30, 2012 for a five year facility totaling $30 million to finance a portion of the acquisition of UOS.  This facility was fully drawn prior to the end of 2012. Upon execution of the new US Senior Credit Facility, this credit facility was paid off in full. The early pre-payment amount was approximately $25.5 million.
	3	We entered into a variable rate financing agreement with ING Bank N.V., London branch on June 20, 2011 for a seven year facility to finance the acquisition of a Cape Size vessel and a Handymax Bulk Carrier Newbuilding, both of which we acquired a 100% interest in as a result of our acquisition of Dry Bulk.  Pursuant to the terms of the facility, the lender agreed to provide a secured term loan facility divided into two tranches: Tranche A, fully drawn on June 20, 2011 in the amount of $24.1 million, and Tranche B, providing up to $23.3 million of additional credit. Under Tranche B, we drew $6.1 million in November 2011 and $12.7 million on January 24, 2012.
	4	We have an interest rate swap agreement in place to fix the interest rate on our variable rate note payable expiring in 2020 at 2.065%. After applicable margin adjustments, the effective interest rate on this note payable is fixed at 3.715%. The swap agreement is for the same term as the associated note payable.
	5	On September 24, 2013, we entered into a senior secured Credit Facility. The Credit Facility matures on September 24, 2018 and includes a term loan facility in the principal amount of $45 million and a LOC in the principal amount of $50 million. The LOC facility includes a $20 million sublimit for the issuance of standby letters of credit and a $5 million sublimit for swingline loans.  As of September 24, 2013, the Credit Facility had four lenders, each with commitments ranging from $15 million to $30 million.
	6	Effective November 28, 2012, our revolving credit facility was increased from $30 million to $42 million to provide additional funds for working capital purposes. This revolver was considered fully drawn at December 31, 2012 and the $12 million increase was fully repaid in January 2013. On June 28, 2013 our revolving facility availability was increased from $30 million to $35 million for working capital purposes. The amount drawn at June 30, 2013 was $31.0 million, with $3.7 million used as collateral for various letters of credit. The net weighted average interest rate on all of our long-term debt after consideration of the effect of our interest rate swaps at June 30, 2013 and December 31, 2012 was 3.3275% and 3.2645%, respectively. This unsecured line of credit agreement was paid off with execution of the new secured credit facility on September 24, 2013.

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity [Abstract]	'
Summary Of Changes In Stockholders' Equity	'
				Stockholders'
	(Amounts in thousands)			Equity
	Balance December 31, 2012		$	262,299
	Net Income			1,290
	Issuance of Preferred Stock			53,336
	Common Stock Dividends			-5,485
	Preferred Stock Dividends			-1,041
	Unrealized Foreign Currency Translation Gain			-61
	Net Change in Fair Value of Derivatives			2,289
	Net Change in Funding Status of Defined Benefit Plan			927
	Stock-based compensation expense (net of forfeited shares)			648
	Balance  September 30, 2013		$	314,202
Issuer Purchases Of Equity Securities	'
	ISSUER PURCHASES OF EQUITY SECURITIES
	Period	(a) Total Number of Shares Purchased	(b) Average Price Paid per Share	(c) Total Number of Shares Purchased as Part of Publicly Announced Plan	(d) Maximum Number of Shares that May Yet Be Purchased Under the Plan
	July 1, 2013 - July 31, 2013	-	-	-	285,377
	August 1, 2013 - August 31, 2013	-	-	-	285,377
	September 1, 2013 - September 30, 2013	-	-	-	285,377
Cash Dividends Paid	'
	(Amounts in Thousands Except per Share Data )							Total
					Per Share			Dividend
	Record Date		Payment Date		Amount			Paid
	19-Feb-13		4-Mar-13	$	0.25		$	1,803
	11-Mar-13		13-Mar-13	$	1.00	*		23
	23-Apr-13		29-Apr-13	$	1.00	*		6
	7-May-13		8-May-13	$	1.00	*		29
	16-May-13		3-Jun-13	$	0.25			1,812
	16-Aug-13		4-Sep-13	$	0.25			1,812
							$	5,485
	*During the first quarter and second quarter of 2013, we paid an additional $23,000 and $35,000 respectively, in cash dividends related to unvested stock awards that was previously accrued. Upon vesting of these shares of restricted stock, these cash dividends were disbursed to the holders of those restricted shares.
	During the nine months ended September 30, 2013, we paid cash dividends in respect of our Series A Cumulative Perpetual Preferred Stock as follows:
	(Amounts in Thousands Except per Share Data )						Total
					Per Share		Dividend
	Record Date	Series	Payment Date		Amount		Paid
	29-Apr-13	A	30-Apr-13	$	1.79	$	447
	29-Jul-13	A	30-Jul-13	$	2.375		594
						$	1,041

Stock_Based_Compensation_Table

Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2013
Stock Based Compensation [Abstract]	'
Schedule Of Assumptions Used	'
			2013 Awards						2012 Awards
			1 Year Vest			3 Year Vest			1 Year Vest			3 Year Vest
	Stock Price	$	17.66		$	17.66		$	19.35		$	19.35
	Expected Volatilities		33.5	%		37.03	%		44.31	%		40.50	%
	Correlation Coefficients		0.4729			0.6254			0.719			0.6938
	Risk Free Rate		0.1	%		0.31	%		0.16	%		0.34	%
	Dividend Yield		5.7	%		5.70	%		5.17	%		5.17	%
	Simulated Fair Value	$	15.33		$	16.57		$	17.73		$	18.88
	Fair Value as a % of Grant		86.81	%		93.83	%		91.63	%		97.57	%
Schedule Of Compensation Expense And Reductions In Earnings Per Share	'
		Three Months ended September 30,					Nine Months ended September 30,
			2013		2012			2013		2012
	Stock-Based Compensation
	Expense:
	Stock Grants to Directors & Officers	$	30,000	$	30,000		$	90,000	$	390,000
	RSUs Awards to Officers	$	272,000	$	307,000		$	933,000	$	491,000
	Related Reduction in
	Earnings Per Share 1		-0.03		-0.05			-0.09		-0.12
	1  Same for basic and diluted earnings per share
Summary Of Activity For Stock Awards	'
		2013
		Shares		Weighted Average Fair Value Per Share
	Non-vested - December 31, 2012	-		-
	Unrestricted Shares Granted	6,708		$
				17.89
	Shares Vested	-6,708		$
				17.89
	Shares Forfeited	-		-
	Non-vested - September 30, 2013	-		-
Summary Of RSU Activity And Related Information	'
		Number of RSU's		Weighted Average Grant Date Fair Value
	Non-vested - December 31, 2012	65,500		$
				21.48
	Additional Awards Granted	8,188		19.35
	Awards Granted	121,100		17.37
	Awards Exercised	-57,402		19.15
	Awards Cancelled	-6,286		18.02
	Non-vested - September 30, 2013	131,100		$
				18.77

Changes_In_Accumulated_Other_C1

Changes In Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2013
Changes In Accumulated Other Comprehensive Income [Abstract]	'
Component Changes In And Reclassifications Out Of Accumulated Other Comprehensive Income	'
	Changes in Accumulated  Other Comprehensive Income by Component
	For the three months ending September 30, 2013
				Gains and Losses on Derivatives Fair Value *		Unrealized Translation Loss		Defined Benefit Pension Items		Total
	Beginning balance June 30, 2013		$	5,844	$	104	$	16,623	$	22,571
		Other comprehensive (loss) income
		before reclassification		-3,275		307		-		-2,968
		Amount reclassified from accumulated
		other comprehensive income		2,495		-		-306		2,189
	Net current-period other
	comprehensive income			-780		307		-306		-779
	Ending balance		$	5,064	$	411	$	16,317	$	21,792
	*The fair value balance as of September 30, 2013, includes a negative $717,151 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.
	Reclassifications out of Accumulated Other Comprehensive Income
	For the three months ending September 30, 2013
	Details about Accumulated Other Comprehensive Income Components			Amount Reclassified from Accumulated Other Comprehensive Income	Affected Line Item in the Statement Where Net Income is Presented
	Gains and losses on derivatives fair value
		Interest rate contracts	$	2,444	Interest expense
		Foreign exchange contracts		51	Other revenues
				2,495	Total before tax
				-	Tax (expense) or benefit
				2,495	Net of tax
	Amortization of defined benefit pension items
		Prior service costs		-25	A&G Expense
		Actuarial losses		-281	A&G Expense
		Actuarial gains (losses)		-
				-306	Total before tax
				-	Tax (expense) or benefit
				-306	Net of tax
	Total reclassifications for the period		$	2,189	Net of tax
	Changes in Accumulated  Other Comprehensive Income by Component
	For the nine months ending September 30, 2013
				Gains and Losses on Derivatives Fair Value *		Unrealized Translation Loss		Defined Benefit Pension Items		Total
	Beginning balance as of January 1, 2013		$	7,352	$	350	$	17,244	$	24,946
		Other comprehensive (loss) income
		before reclassification		-4,070		61		-		-4,009
		Amount reclassified from accumulated
		other comprehensive income		1,781		-		-927		854
	Net current-period other
	comprehensive income			-2,289		61		-927		-3,156
	Ending balance		$	5,064	$	411	$	16,317	$	21,792
	*The fair value balance as of September 30, 2013, includes a negative $717,151 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.
	Reclassifications out of Accumulated Other Comprehensive Income
	For the nine months ending September 30, 2013
	Details about Accumulated Other Comprehensive Income Components			Amount Reclassified from Accumulated Other Comprehensive Income	Affected Line Item in the Statement Where Net Income is Presented
	Gains and losses on derivatives fair value
		Interest rate contracts	$	1,795	Interest expense
		Foreign exchange contracts		-14	Other revenues
				1,781	Total before tax
				-	Tax (expense) or benefit
				1,781	Net of tax
	Amortization of defined benefit pension items
		Prior service costs		-75	A&G Expense
		Actuarial losses		-852	A&G Expense
				-927	Total before tax
				-	Tax (expense) or benefit
				-927	Net of tax
	Total reclassifications for the period		$	854	Net of tax

Employee_Benefit_Plans_Tables

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2013
Employee Benefit Plans [Abstract]	'
Components Of Net Periodic Benefit Cost	'
	The following table provides the components of net periodic benefit cost for our pension plan and postretirement benefits plan for the three months ended September 30, 2013 and 2012:
			Pension Plan				Postretirement Benefits
	( Amounts in Thousands)		Three Months Ended September 30,				Three Months Ended September 30,
	Components of net periodic benefit cost:		2013		2012		2013		2012
	Service cost	$	124	$	164	$	6	$	13
	Interest cost		330		357		119		130
	Expected return on plan assets		-560		-497		-		-
	Amortization of prior service cost		-1		-1		25		-3
	Amortization of Net Loss		220		192		63		71
	Net periodic benefit cost	$	113	$	215	$	213	$	211
	The following table provides the components of net periodic benefit cost for our pension plan and postretirement benefits plan for the nine months ended September 30, 2013 and 2012:

Basis_of_Preparation_Details

Basis of Preparation (Details)	9 Months Ended
	Sep. 30, 2013
Basis Of Preparation [Abstract]	'
Minimum percentage of ownership considered for consolidation (in hundredths)	50.00%
Minimum percentage of ownership considered for equity method of accounting for investments (in hundredths)	20.00%
Maximum percentage of ownership considered for equity method of accounting for investments (in hundredths)	50.00%
Maximum percentage of ownership considered for cost method of accounting for investments (in hundredths)	20.00%

Acquisitions_Narrative_Details

Acquisitions (Narrative) (Details) (USD $)	Sep. 30, 2013	Aug. 06, 2012	Sep. 30, 2012	Nov. 30, 2012	Dec. 31, 2012
	T	Frascati Shops, Inc. and Tower, LLC [Member]	Frascati Shops, Inc. and Tower, LLC [Member]	UOS [Member]	UOS [Member]
	item
Business Acquisition [Line Items]	'	'	'	'	'
Acquisition date	'	6-Aug-12	'	30-Nov-12	'
Subsidiary ownership interest acquired (in hundredths)	'	'	'	100.00%	'
Amount of total consideration	'	$4,500,000	'	$114,700,000	'
Cash payment included in purchase price	'	623,000	'	112,200,000	'
Debt assumed	'	3,500,000	'	'	'
Post-closing settlement payment	'	'	'	2,500,000	'
Acquisition expenses	'	'	40,000	'	1,800,000
Weight of U.S. Flag Jones Act dry bulk fleet	131,000	'	'	'	'
Number of handysize bulkers controlled by acquiree	2	'	'	'	'
Number of tug-barge units controlled by acquiree	4	'	'	'	'
Assumption of miscellaneous payables	'	$383,000	'	'	'

Acquisitions_Assets_Acquired_a

Acquisitions (Assets Acquired and Liabilities Assumed) (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Nov. 30, 2012		Aug. 06, 2012
In Thousands, unless otherwise specified			UOS [Member]		Frascati Shops, Inc. and Tower, LLC [Member]
Business Acquisition [Line Items]	'	'	'		'
Working Capital including Cash Acquired	'	'	$8,512		$18
Inventory	'	'	6,510		231
Property, Plant, & Equipment	'	'	60,037		3,411
Identifiable Intangible Assets	'	'	45,131		490
Total Assets Acquired	'	'	120,190		4,150
Misc. Payables & Accrued Expenses	'	'	-5,469		-412
Other Long Term Liability	'	'	-1,945		-3,490
Deferred Tax Liability	'	'	'		-453
Total Liabilities Assumed	'	'	-7,414		-4,355
Net Assets Acquired and Liabilities Assumed	'	'	112,776		-205
Total Consideration Transferred	'	'	-114,717		-623
Goodwill	$2,771	$2,700	$1,941	[1]	$828	[2]
[1]	Goodwill is calculated as the excess of the consideration transferred over the net assets acquired and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Our above-described goodwill will not be amortized nor do we expect it to be deductible for tax purposes. Specifically, the goodwill recorded as part of the acquisition of UOS includes the following:the expected synergies and other benefits that we believe will result from combining the operations of UOS with our existing Jones Act operations.any intangible assets that do not qualify for separate recognition, including an assembled workforce of the acquired company, andthe anticipated higher rate of return of UOSbs existing businesses as going concerns compared to the anticipated rate of return if we had acquired all of the net assets separately.
[2]	Goodwill is calculated as the excess of the consideration transferred over the net assets acquired and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Our above-described goodwill will not be amortized nor do we expect it to be deductible for tax purposes. Specifically, the goodwill recorded as part of the acquisition of FSI and Tower includes the following: the expected synergies and other benefits that we believe will result from combining the operations of the Acquired Companies with our existing Rail-Ferry operations.any intangible assets that do not qualify for separate recognition, including an assembled workforce of the acquired companies, and the anticipated higher rate of return of the Acquired Companies existing businesses as going concerns compared to the anticipated rate of return if we had acquired all of the net assets separately.

Acquisitions_Business_Acquisit

Acquisitions (Business Acquisition, Pro Forma Information) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Business Acquisition [Line Items]	'	'	'	'
Basic (in shares)	7,248,350	7,203,860	7,233,807	7,192,818
Diluted (in shares)	7,248,350	7,220,901	7,233,807	7,208,886
UOS [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Revenues	'	82,270	'	246,809
Net earnings attributable to ISH	'	7,691	'	23,074
Basic (in dollars per share)	'	3.2	'	3.21
Diluted (in dollars per share)	'	3.2	'	3.2
Basic (in shares)	'	7,203,860	'	7,192,818
Diluted (in shares)	'	7,220,901	'	7,208,886

Recovered_Sheet1

Changes in Accounting Estimate (Details) (USD $)	3 Months Ended	9 Months Ended		3 Months Ended	9 Months Ended
	Mar. 31, 2012	Sep. 30, 2012	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2013	Sep. 30, 2013
	item			Extended Economic Life on International Flag Special Purpose Roll-On/Roll-Off [Member]	Extended Economic Life on International Flag Special Purpose Roll-On/Roll-Off [Member]	Extended Economic Life of Both Mobile Alabama and Coatzacoalcos [Member]
				item
Change in Accounting Estimate [Line Items]	'	'	'	'	'	'
Period between salvage value reviews	'	'	'3 years	'	'	'
Period used to determine reasonableness of salvage values	'	'	'3 years	'	'	'
Number of vessels for which salvage values were adjusted	8	'	'	'	'	'
Decrease in future depreciation expense	'	$3,800,000	'	'	$1,100,000	'
Increase in pre-tax income	'	2,835,000	'	'	811,000	811,000
Increase in net income	'	$2,835,000	'	'	$811,000	$811,000
Increase in basic earnings per share (in dollars per share)	'	$0.39	'	'	$0.11	$0.11
Number of vessels to have extended life	'	'	'	2	'	'
Extended amortization period of assets	'	'	'	'	'	'5 years

Out_of_Period_Adjustment_Detai

Out of Period Adjustment (Details) (USD $)	9 Months Ended	3 Months Ended			12 Months Ended	36 Months Ended
	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Sep. 30, 2011	Dec. 31, 2012	Dec. 31, 2011	Sep. 30, 2013	Jul. 31, 2011
		Oslo Bulk AS [Member]	Oslo Bulk AS [Member]	Oslo Bulk AS [Member]	Oslo Bulk AS [Member]	Oslo Bulk AS [Member]	Oslo Bulk AS [Member]	Oslo Bulk AS [Member]
Schedule of Equity Method Investments [Line Items]	'	'	'	'	'	'	'	'
Equity investee ownership interest (in hundredths)	'	'	'	'	'	'	25.00%	25.00%
Amount of ineffectiveness on investment hedges	'	$674,000	$42,000	'	'	'	'	'
Out of period adjustments related to net charter revenues and lease termination	'	'	'	239,000	'	-324,000	'	'
Decrease to pre-tax income	'	'	'	'	85,000	'	'	'
Increase to net income	2,835,000	'	'	'	631,000	'	'	'
Adjustment from out of period	'	$631,000	'	'	'	'	'	'

Operating_Segments_Segment_Pro

Operating Segments (Segment Profit And Loss) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
			segment
Segment Reporting Information [Line Items]	'	'	'	'
Number of operating segments	'	'	6	'
Fixed Revenue	$54,693	$33,405	$162,600	$107,205
Variable Revenue	23,245	27,757	71,359	79,481
Total Revenue from External Customers	77,938	61,162	233,959	186,686
Intersegment Revenues (Eliminated)	-5,519	-4,664	-16,557	-13,995
Intersegment Expenses (Eliminated)	5,519	4,664	16,557	13,995
Voyage Expenses	64,832	45,394	195,931	143,246
Loss (Income) of Unconsolidated Entities	360	-84	705	-665
Gross Voyage Profit	12,746	15,852	37,323	44,105
Gross Voyage Profit Margin (in hundredths)	16.00%	26.00%	16.00%	24.00%
Jones Act [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Fixed Revenue	31,003	7,544	90,581	19,372
Total Revenue from External Customers	31,003	7,544	90,581	19,372
Voyage Expenses	24,400	5,915	72,106	17,197
Gross Voyage Profit	6,603	1,629	18,475	2,175
Gross Voyage Profit Margin (in hundredths)	21.00%	22.00%	20.00%	11.00%
Pure Car/Truck Carriers [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Fixed Revenue	14,843	15,562	48,043	52,577
Variable Revenue	7,990	14,864	27,755	40,181
Total Revenue from External Customers	22,833	30,426	75,798	92,758
Voyage Expenses	19,728	22,640	63,574	70,046
Gross Voyage Profit	3,105	7,786	12,224	22,712
Gross Voyage Profit Margin (in hundredths)	14.00%	26.00%	16.00%	24.00%
Dry Bulk Carriers [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Fixed Revenue	919	2,211	2,457	7,080
Variable Revenue	4,634	5,047	12,183	12,274
Total Revenue from External Customers	5,553	7,258	14,640	19,354
Voyage Expenses	4,801	5,373	14,688	13,931
Loss (Income) of Unconsolidated Entities	315	-250	653	-910
Gross Voyage Profit	437	2,135	-701	6,333
Gross Voyage Profit Margin (in hundredths)	8.00%	29.00%	-5.00%	33.00%
Rail Ferry [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Variable Revenue	10,419	7,532	29,115	26,127
Total Revenue from External Customers	10,419	7,532	29,115	26,127
Voyage Expenses	8,494	6,868	23,894	23,018
Loss (Income) of Unconsolidated Entities	45	166	52	245
Gross Voyage Profit	1,880	498	5,169	2,864
Gross Voyage Profit Margin (in hundredths)	18.00%	7.00%	18.00%	11.00%
Specialty Contracts [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Fixed Revenue	7,928	8,088	21,519	28,176
Variable Revenue	227	'	2,253	514
Total Revenue from External Customers	8,155	8,088	23,772	28,690
Voyage Expenses	7,602	4,690	22,100	19,219
Gross Voyage Profit	553	3,398	1,672	9,471
Gross Voyage Profit Margin (in hundredths)	7.00%	42.00%	7.00%	33.00%
Other [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Variable Revenue	-25	314	53	385
Total Revenue from External Customers	-25	314	53	385
Intersegment Revenues (Eliminated)	-5,519	-4,664	-16,557	-13,995
Intersegment Expenses (Eliminated)	5,519	4,664	16,557	13,995
Voyage Expenses	-193	-92	-431	-165
Gross Voyage Profit	$168	$406	$484	$550
Gross Voyage Profit Margin (in hundredths)	-672.00%	129.00%	913.00%	143.00%

Operating_Segments_Reconciliat

Operating Segments (Reconciliation Of The Totals Reported For The Operating Segments) (Details) (USD $)	1 Months Ended	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Operating Segments [Abstract]	'	'	'	'	'
Revenues	'	$77,938	$61,162	$233,959	$186,686
Voyage Expenses	'	64,832	45,394	195,931	143,246
Gross Voyage Profit	'	12,746	15,852	37,323	44,105
Vessel Depreciation	'	6,130	6,100	17,705	18,180
Other Depreciation	'	17	9	51	9
Gross Profit	'	6,599	9,743	19,567	25,916
Administrative and General Expenses	'	4,994	5,643	16,597	15,871
Loss/(Gain) on Sale of Other Assets	-3,800	6	3	6	-4,463
Net (Income) Loss of Unconsolidated Entities	'	-360	84	-705	665
Total Other Operating Expenses	'	4,640	5,730	15,898	12,073
Operating Income	'	$1,959	$4,013	$3,669	$13,843

Gain_on_Sale_of_Other_Assets_D

Gain on Sale of Other Assets (Details) (USD $)	1 Months Ended	3 Months Ended		9 Months Ended		3 Months Ended
	Mar. 31, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2012	Jun. 30, 2012
	item					US Flag PCTC Vessel [Member]	Molten Sulphur Carrier [Member]
						item	item
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'	'
Number of International Flag Pure Car Truck Carriers sold	2	'	'	'	'	'	'
Proceeds from sale of other assets	$73,900,000	'	'	'	'	'	'
Gain on sale of other assets	3,800,000	-6,000	-3,000	-6,000	4,463,000	'	'
Repayments of debt from sale proceeds	36,100,000	'	'	'	'	'	'
Deferred gain on purchase of property	'	'	'	'	'	$239,000	$430,000
Number of vessel sold	'	'	'	'	'	1	1

Unconsolidated_Entities_Detail

Unconsolidated Entities (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Net (Loss) Income of Unconsolidated Entities	($360)	$84	($705)	$665
Oslo Bulk AS [Member]	'	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Net (Loss) Income of Unconsolidated Entities	-193	224	-290	1,123
Oslo Bulk Holding Pte, Ltd (formerly Tony Bulkers) [Member]	'	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Net (Loss) Income of Unconsolidated Entities	-122	26	-363	-213
Terminales Transgolfo, S.A. DE C.V. [Member]	'	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Net (Loss) Income of Unconsolidated Entities	($45)	($166)	($52)	($245)

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Taxes [Abstract]	'	'	'	'
Provision (benefit) for income taxes	$18,000	($396,000)	$68,000	($120,000)
(Loss) income before taxes and equity in net loss unconsolidated entities	-1,844,000	1,302,000	2,063,000	9,637,000
Deferred tax assets, valuation allowance	$10,700,000	'	$10,700,000	'

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share [Abstract]	'	'	'	'
Net (Loss) Income	($2,222)	$1,782	$1,290	$10,422
Preferred Stock Dividends	1,076	'	1,920	'
Net (Loss) Income Available to Common Stockholders, Basic, Total	($3,298)	$1,782	($630)	$10,422
Basic (in shares)	7,248,350	7,203,860	7,233,807	7,192,818
Plus: Effect of dilutive restrictive stock (in shares)	'	17,041	'	16,068
Diluted (in shares)	7,248,350	7,220,901	7,233,807	7,208,886
Net Income per share - Basic (in dollars per share)	($0.46)	$0.25	($0.09)	$1.45
Net Income per share - Diluted (in dollars per share)	($0.46)	$0.25	($0.09)	$1.45
Antidilutive securities excluded from computation of earnings per share (in shares)	63,161	'	35,695	'

Inventory_Details

Inventory (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Inventory [Abstract]	'	'
Spare Parts Inventory	$4,481	$3,652
Fuel Inventory	4,380	4,633
Warehouse Inventory	2,428	3,562
Inventory	$11,289	$11,847

Leases_Details

Leases (Details) (USD $)	0 Months Ended		9 Months Ended			1 Months Ended	0 Months Ended	1 Months Ended
In Millions, unless otherwise specified	Sep. 19, 2013	Sep. 19, 2013	Sep. 30, 2013	Sep. 30, 2013	Jun. 30, 2013	Feb. 22, 2012	Jun. 15, 2012	Nov. 27, 2012	Nov. 30, 2012	Dec. 27, 2012
	Tampa, Florida [Member]	Shanghai, China [Member]	International Flag PCTC [Member]	Time Charter Contracts US Flag [Member]	Time Charter Contracts US Flag [Member]	Wells Fargo Bank Northwest [Member]	BMO Harris Equipment Finance Company [Member]	Capital Source Bank [Member]	Capital Source Bank [Member]	BB&T Equipment Finance [Member]
Operating Leased Assets [Line Items]	'	'	'	'	'	'	'	'	'	'
Lease expiration date	'	'	1-May-19	1-Oct-15	'	'	'	'	'	'
Book value of leased asset	'	'	'	'	$16.20	'	'	'	'	'
Transaction generated gross proceeds	'	'	'	'	'	59	32	31	'	32
Net proceeds used to finance a portion of purchase price	'	'	'	'	'	'	'	'	63	'
Repayment of debt from proceeds of sale and leaseback transaction	'	'	'	'	'	54.5	'	'	'	'
Lease term	'	'	'	'	'	'10 years	'7 years	'6 years	'	'6 years
Gain on this sale-leaseback	'	'	'	'	'	$14.90	$8	$11.70	'	'
Office space lease agreement term	'5 years	'2 years	'	'	'	'	'	'	'	'

Goodwill_And_Other_Intangible_2

Goodwill And Other Intangible Assets (Narrative) (Details) (USD $)	3 Months Ended			9 Months Ended
	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Goodwill And Other Intangible Assets [Line Items]	'	'	'	'	'
Additions	'	$71,000	'	'	'
Intangible assets related to the favorable early buy-out to the new cost basis of the tug/barge unit, reclassified	11,328,000	'	'	11,328,000	'
Amortization expense	1,500,000	'	643,875	4,669,000	1,932,000
Favorable Lease [Member] | UOS EBO Acquisition [Member]	'	'	'	'	'
Goodwill And Other Intangible Assets [Line Items]	'	'	'	'	'
Intangible assets related to the favorable early buy-out to the new cost basis of the tug/barge unit, reclassified	$11,328,000	'	'	$11,328,000	'

Goodwill_And_Other_Intangible_3

Goodwill And Other Intangible Assets (Schedule Of Goodwill And Other Intangible Assets) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013
Goodwill And Other Intangible Assets [Line Items]	'
Indefinite Life Intangibles, Gross Carrying Amount	$2,771
Indefinite Life Intangibles, Net Carrying Amount	2,771
Definite Life Intangibles, Gross Carrying Amount	50,773
Definite Life Intangibles, Accumulated Amortization	-9,660
Definite Life Intangibles, Reclassified	-11,328
Definite Life Intangibles, Net Carrying Amount	29,785
Goodwill [Member]	'
Goodwill And Other Intangible Assets [Line Items]	'
Indefinite Life Intangibles, Gross Carrying Amount	2,771
Indefinite Life Intangibles, Net Carrying Amount	2,771
Trade Names [Member] | Frascati Shops, Inc. and Tower, LLC [Member]	'
Goodwill And Other Intangible Assets [Line Items]	'
Definite Life Intangibles, Amortization Period	'240 months
Definite Life Intangibles, Gross Carrying Amount	65
Definite Life Intangibles, Accumulated Amortization	-4
Definite Life Intangibles, Net Carrying Amount	61
Trade Names [Member] | UOS [Member]	'
Goodwill And Other Intangible Assets [Line Items]	'
Definite Life Intangibles, Amortization Period	'96 months
Definite Life Intangibles, Gross Carrying Amount	1,805
Definite Life Intangibles, Accumulated Amortization	-188
Definite Life Intangibles, Net Carrying Amount	1,617
Customer Relationships [Member] | Frascati Shops, Inc. and Tower, LLC [Member]	'
Goodwill And Other Intangible Assets [Line Items]	'
Definite Life Intangibles, Amortization Period	'240 months
Definite Life Intangibles, Gross Carrying Amount	425
Definite Life Intangibles, Accumulated Amortization	-24
Definite Life Intangibles, Net Carrying Amount	401
Customer Relationships [Member] | UOS [Member]	'
Goodwill And Other Intangible Assets [Line Items]	'
Definite Life Intangibles, Amortization Period	'96 months
Definite Life Intangibles, Gross Carrying Amount	30,928
Definite Life Intangibles, Accumulated Amortization	-3,222
Definite Life Intangibles, Net Carrying Amount	27,706
Favorable Lease [Member] | UOS [Member]	'
Goodwill And Other Intangible Assets [Line Items]	'
Definite Life Intangibles, Amortization Period	'13 months
Definite Life Intangibles, Gross Carrying Amount	1,071
Definite Life Intangibles, Accumulated Amortization	-1,071
Favorable Lease [Member] | UOS EBO Acquisition [Member]	'
Goodwill And Other Intangible Assets [Line Items]	'
Definite Life Intangibles, Gross Carrying Amount	11,328
Definite Life Intangibles, Reclassified	-11,328
Favorable Charter [Member]	'
Goodwill And Other Intangible Assets [Line Items]	'
Definite Life Intangibles, Amortization Period	'24 months
Definite Life Intangibles, Gross Carrying Amount	5,151
Definite Life Intangibles, Accumulated Amortization	($5,151)

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Derivative assets	$55
Derivative liabilities	-4,576
Level 2 Inputs [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Derivative assets	55
Derivative liabilities	($4,576)

Derivative_Instruments_Narrati

Derivative Instruments (Narrative) (Details)

1 Months Ended

9 Months Ended

9 Months Ended

12 Months Ended

Jul. 31, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

31-May-12

31-May-12

Aug. 31, 2013

Aug. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Jan. 31, 2013

Jan. 31, 2013

Jan. 31, 2013

Jan. 31, 2013

USD ($)

USD ($)

JPY (¥)

Other Comprehensive Income (Loss) [Member]

Other Comprehensive Income (Loss) [Member]

Foreign Exchange Contract 3 [Member]

Foreign Exchange Contract 3 [Member]

Foreign Exchange Contract 4 [Member]

Foreign Exchange Contract 4 [Member]

Foreign Exchange Contract 5 [Member]

Foreign Exchange Contract 5 [Member]

Foreign Exchange Contract 6 [Member]

Foreign Exchange Contract 6 [Member]

Foreign Exchange Contract 7 [Member]

Foreign Exchange Contract 7 [Member]

Minimum [Member]

Maximum [Member]

USD ($)

USD ($)

USD ($)

MXN

USD ($)

MXN

USD ($)

JPY (¥)

USD ($)

JPY (¥)

USD ($)

IDR

Foreign Exchange Contract 7 [Member]

Foreign Exchange Contract 7 [Member]

USD ($)

USD ($)

Derivative Instruments, Gain (Loss) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum potential future exposure on derivatives

'

$4,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivative posted as collateral

'

342,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unrealized loss related to derivative instruments included in accumulated other comprehensive loss

'

'

'

5,100,000

7,400,000

'

'

'

'

'

'

'

'

'

'

'

'

Settlement amount

757,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss recognized in income from ineffective portion

'

486,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notional amount of forward purchase contracts

'

'

'

'

'

700,000

'

1,200,000

'

1,500,000

'

1,500,000

'

3,300,000

'

'

'

Exchange rate

'

'

98.24

'

'

'

14.57

'

13.6103

'

85.27

'

85.16

'

9,910

'

'

Projected Peso exposure represented by Mexican Peso foreign exchange contracts (in hundredths)

'

'

'

'

'

50.00%

50.00%

'

'

'

'

'

'

'

'

'

'

Projected yen exposure represented by Japanese Yen foreign exchange contract (in hundredths)

'

'

'

'

'

'

'

'

'

3.76%

3.76%

'

'

'

'

'

'

Projected Rupiah exposure represented by Indonesian Rupiah foreign exchange contract (in hundredths)

'

'

'

'

'

'

'

'

'

'

'

'

'

80.00%

80.00%

'

'

Estimated monthly exposure

'

'

'

'

'

$200,000

'

'

'

'

'

'

'

'

'

$350,000

$375,000

Derivative_Instruments_Notiona

Derivative Instruments (Notional And Fair Value Of Derivative Instruments) (Details)	9 Months Ended
	Sep. 30, 2013		Sep. 30, 2013	Sep. 30, 2013		Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Jul. 31, 2011
	USD ($)		JPY (¥)	Other Liabilities [Member]		Other Current Assets [Member]	Other Assets [Member]	Current Liabilities [Member]	Oslo Bulk AS [Member]	Oslo Bulk AS [Member]
				Interest Rate Swap - LT [Member]		Foreign Exchange Contracts [Member]	Foreign Exchange Contracts [Member]	Foreign Exchange Contracts [Member]	USD ($)
				USD ($)		USD ($)	USD ($)	USD ($)
Derivatives, Fair Value [Line Items]	'		'	'		'	'	'	'	'
Asset derivatives, current notional amount	'		'	'		$300,000	$1,200,000	'	'	'
Liability derivatives, current notional amount	'		'	51,140,000	[1]	'	'	2,400,000	'	'
Derivatives, current notional amount	55,040,000		'	'		'	'	'	'	'
Asset derivatives, fair value	55,000		'	'		34,000	21,000	'	'	'
Liability derivatives, fair value	-4,576,000		'	-4,239,000	[1]	'	'	-337,000	'	'
Notional amount under contract	51,140,065	[2]	'	'		'	'	'	'	'
Exchange rate	'		98.24	'		'	'	'	'	'
Original funding of vessel's delivery cost (in hundredths)	80.00%		'	'		'	'	'	'	'
Revised funding of vessel's delivery cost (in hundredths)	65.00%		'	'		'	'	'	'	'
Reduction in funding of vessel's delivery cost (in hundredths)	15.00%		'	'		'	'	'	'	'
Change in fair value related to ineffective portion of derivative instrument, loss	17,000		'	'		'	'	'	'	'
Negative balance related to an interest rate swap in Oslo Bulk AS	'		'	'		'	'	'	($717,151)	'
Equity investee ownership interest (in hundredths)	'		'	'		'	'	'	25.00%	25.00%
[1]	We have outstanding a variable-to-fixed interest rate swap with respect to a Yen-based facility for the financing of a PCTC delivered in March 2010. The notional amount under this contract is $51,140,065 (based on a Yen to USD exchange rate of 98.24 as of September 30, 2013). With the bank exercising its option to reduce the underlying Yen loan from 80% to 65% funding of the vesselbs delivery cost, the 15% reduction represents the ineffective portion of this swap, which consists of the portion of the derivative instrument that is no longer supported by underlying borrowings. The change in fair value related to the ineffective portion of this swap was a $17,000 loss for the quarter ended September 30, 2013 and this amount was reflected in earnings. The fair value balance as of September 30, 2013, includes a negative $717,151 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.
[2]	Notional amount converted from Yen at September 30, 2013 at a Yen to USD exchange rate of 98.24

Derivative_Instruments_Derivat

Derivative Instruments (Derivative Instruments, Effect On Other Comprehensive Income (Loss)) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'
Gain (Loss) Recognized in OCI	$2,289
Amount of Gain (Loss) Reclassified from AOCI to Income	1,295
Loss Recognized in Income from Ineffective portion	486
Interest Rate Swaps [Member] | Interest Expense [Member]	'
Derivative Instruments, Gain (Loss) [Line Items]	'
Gain (Loss) Recognized in OCI	2,461
Amount of Gain (Loss) Reclassified from AOCI to Income	1,309
Loss Recognized in Income from Ineffective portion	486
Foreign Exchange Contracts [Member] | Other Revenues [Member]	'
Derivative Instruments, Gain (Loss) [Line Items]	'
Gain (Loss) Recognized in OCI	-172
Amount of Gain (Loss) Reclassified from AOCI to Income	($14)

Derivative_Instruments_Interes

Derivative Instruments (Interest Rate Derivatives) (Details)	Sep. 30, 2013		Sep. 30, 2013	Sep. 30, 2013		Sep. 30, 2013
	USD ($)		JPY (¥)	Swap 3 [Member]		Swap 3 [Member]
				USD ($)		JPY (¥)
Derivative [Line Items]	'		'	'		'
Effective Date	'		'	15-Mar-09		15-Mar-09
Termination Date	'		'	15-Sep-20		15-Sep-20
Current Notional Amount	$51,140,065	[1]	'	$51,140,065	[1]	'
Swap Rate	'		'	2.07%		2.07%
Type	'		'	'Variable-to-Fixed		'Variable-to-Fixed
Exchange rate	'		98.24	'		98.24
[1]	Notional amount converted from Yen at September 30, 2013 at a Yen to USD exchange rate of 98.24

Derivative_Instruments_Notiona1

Derivative Instruments (Notional Amount Of Foreign Exchange Contracts) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013
Derivative [Line Items]	'
Transaction Amount	$3,900
Foreign Exchange Contract 3 [Member]	'
Derivative [Line Items]	'
Transaction Date	1-May-12
Transaction Amount	300
Effective Date	1-Jan-13
Expiration Date	1-Dec-13
Foreign Exchange Contract 4 [Member]	'
Derivative [Line Items]	'
Transaction Date	1-Aug-13
Transaction Amount	1,200
Effective Date	1-Jan-14
Expiration Date	1-Dec-14
Foreign Exchange Contract 6 [Member]	'
Derivative [Line Items]	'
Transaction Date	1-Dec-12
Transaction Amount	1,500
Effective Date	1-Dec-12
Expiration Date	1-Dec-13
Foreign Exchange Contract 7 [Member]	'
Derivative [Line Items]	'
Transaction Date	1-Jan-13
Transaction Amount	$900
Effective Date	1-Jan-13
Expiration Date	1-Dec-13

US_Flag_Senior_Credit_Facility1

US Flag Senior Credit Facility (Details) (USD $)	9 Months Ended		3 Months Ended	9 Months Ended				0 Months Ended
	Sep. 30, 2013	Sep. 24, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 24, 2013	Sep. 24, 2013	Sep. 24, 2013	Sep. 24, 2013	Sep. 24, 2013
			Senior Secured Credit Facility [Member]	Senior Secured Credit Facility [Member]	Senior Secured Credit Facility [Member]	Standby Letters of Credit [Member]	Swingline Loans [Member]	Old Line Of Credit Facility [Member]	Variable Rate Financing Agreement [Member]
					item
Line of Credit Facility [Line Items]	'	'	'	'	'	'	'	'	'
Maximum borrowing capacity	'	'	'	'	$45,000,000	'	'	'	'
Line of credit	'	50,000,000	'	'	'	20,000,000	5,000,000	'	'
Number of lenders	'	'	'	'	4	'	'	'	'
Lender commitments, minimum	'	'	'	'	15,000,000	'	'	'	'
Lender commitments, maximum	'	'	'	'	30,000,000	'	'	'	'
Amount of additional term loan	'	'	'	'	50,000,000	'	'	'	'
Variable rate financing agreement term	'5 years	'	'	'	'	'	'	'	'
Total amount paid off	'	'	'	'	'	'	'	46,600,000	'
Amount drawn from line of credit	'	'	'	'	'	'	'	'	21,000,000
Bank fees	'	'	'	1,400,000	'	'	'	'	'
Third party fees	'	'	'	148,000	'	'	'	'	'
Line of credit facility, expenses	'	'	$800,000	'	'	'	'	'	'

LongTerm_Debt_Narrative_Detail

Long-Term Debt (Narrative) (Details) (ING Bank [Member], USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013
ING Bank [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Deposit in association with covenant	$9.80	'
Approximate amount of deposit that will be returned due to increased vessel valuations	'	$7.30

LongTerm_Debt_Schedule_of_Long

Long-Term Debt (Schedule of Long-Term Debt) (Details) (USD $)

Sep. 30, 2013

Sep. 24, 2013

Dec. 31, 2012

Sep. 30, 2013

Nov. 30, 2012

Jun. 20, 2011

Jan. 24, 2012

Nov. 30, 2011

Jun. 20, 2011

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 24, 2013

Sep. 24, 2013

Sep. 24, 2013

Jan. 31, 2013

Jun. 30, 2013

Jun. 28, 2013

Jun. 27, 2013

Dec. 31, 2012

Nov. 28, 2012

Nov. 27, 2012

Jun. 20, 2011

Nov. 30, 2012

Notes Payable - Variable Rate 2015 [Member]

Notes Payable - Variable Rate 2017 A [Member]

Notes Payable - Variable Rate 2018, Tranche A [Member]

Notes Payable - Variable Rate 2018, Tranche B [Member]

Notes Payable - Variable Rate 2018, Tranche B [Member]

Notes Payable - Variable Rate 2018, Tranche B [Member]

Notes Payable - Variable Rate 2020 [Member]

Notes Payable - Variable Rate 2018 E [Member]

Notes Payable - Variable Rate 2018 E [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Senior Secured Credit Facility [Member]

Old Line Of Credit Facility [Member]

Old Line Of Credit Facility [Member]

Secured Line Of Credit - New [Member]

Senior Secured Credit Facility [Member]

Standby Letters of Credit [Member]

Swingline Loans [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

ING Bank [Member]

UOS [Member]

Notes Payable - Variable Rate 2015 [Member]

Notes Payable - Variable Rate 2015 [Member]

Notes Payable - Variable Rate 2017 A [Member]

Notes Payable - Variable Rate 2017 A [Member]

Notes Payable - Variable Rate 2017 B [Member]

Notes Payable - Variable Rate 2017 B [Member]

Notes Payable - Variable Rate 2018, Tranche A [Member]

Notes Payable - Variable Rate 2018, Tranche A [Member]

Notes Payable - Variable Rate 2018, Tranche B [Member]

Notes Payable - Variable Rate 2018, Tranche B [Member]

Notes Payable - Variable Rate 2018 C [Member]

Notes Payable - Variable Rate 2018 C [Member]

Notes Payable - Variable Rate 2018 D [Member]

Notes Payable - Variable Rate 2018 D [Member]

Notes Payable - Variable Rate 2020 [Member]

Notes Payable - Variable Rate 2020 [Member]

item

item

Notes Payable - Variable Rate 2017 A [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest Rate

'

'

'

'

'

'

'

'

'

'

3.75%

[1]

0.00%

[1]

0.00%

[2]

2.06%

[2]

2.53%

2.56%

0.00%

[1],[3]

2.71%

[1],[3]

'

'

2.75%

[4]

2.81%

[4]

2.76%

[4]

2.82%

[4]

2.92%

2.98%

3.72%

[5]

1.83%

[5]

0.00%

[6]

3.95%

[6]

3.68%

[1]

'

'

'

'

'

'

'

'

'

'

'

'

Interest Rate, minimum

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.76%

2.81%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest Rate, maximum

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-2.77%

2.85%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maturity Date

'

'

'

'

'

'

'

'

'

'

'2018

[1]

'

'

'

'2017

'

'

'

'2018

'

'2018

[4]

'

'2018

[4]

'

'2018

'

'2020

[5]

'

'

'

'2018

[1]

'

'

'

'

'

'

'

'

'

'

'

'

Total Principal Due

$205,282,000

'

$237,630,000

'

'

'

'

'

'

'

$45,000,000

[1]

'

'

$12,666,000

[2]

$11,942,000

$13,436,000

'

$30,000,000

[1],[3]

$46,000,000

$48,760,000

$16,320,000

[4]

$18,896,000

[4]

$16,965,000

[4]

$17,908,000

[4]

$13,490,000

$15,620,000

$34,565,000

[5]

$42,089,000

[5]

'

$38,255,000

[6]

$21,000,000

[1]

'

'

'

'

'

'

'

'

'

'

'

'

Less Current Maturities

-19,164,000

'

-26,040,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-Term Debt, Noncurrent

186,118,000

'

211,590,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate swap , fixed interest rate (in hundredths)

'

'

'

4.41%

'

'

'

'

'

2.07%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Effective, swaption interest rate (in hundredths)

'

'

'

'

'

'

'

'

'

3.72%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Early pre-payment amount

'

'

'

13,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

25,500,000

'

'

'

'

'

'

'

'

'

'

'

Term of financing agreement

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'7 years

'

Business acquisition interest in acquiree

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of tranches

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

Line of credit

'

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20,000,000

5,000,000

'

'

'

'

'

'

'

'

'

Number of lenders

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4

'

'

'

'

'

'

'

'

'

'

'

Lender commitments, minimum

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15,000,000

'

'

'

'

'

'

'

'

'

'

'

Lender commitments, maximum

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

30,000,000

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

'

'

'

'

23,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

45,000,000

'

'

'

'

35,000,000

30,000,000

'

42,000,000

30,000,000

'

30,000,000

Proceeds from borrowings of line of credit

'

'

'

'

'

24,100,000

12,700,000

6,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

31,000,000

'

'

'

'

'

'

'

Repayments of long term lines of credit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12,000,000

'

'

'

'

'

'

'

'

Loans pledged as collateral

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$3,700,000

'

'

'

'

'

'

'

Long-term debt weighted average interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.33%

'

'

3.26%

'

'

'

'

[1]

On September 24, 2013, we entered into a senior secured Credit Facility. The Credit Facility matures on September 24, 2018 and includes a term loan facility in the principal amount of $45 million and a LOC in the principal amount of $50 million. The LOC facility includes a $20 million sublimit for the issuance of standby letters of credit and a $5 million sublimit for swingline loans. As of September 24, 2013, the Credit Facility had four lenders, each with commitments ranging from $15 million to $30 million.Effective November 28, 2012, our revolving credit facility was increased from $30 million to $42 million to provide additional funds for working capital purposes. This revolver was considered fully drawn at December 31, 2012 and the $12 million increase was fully repaid in January 2013. On June 28, 2013 our revolving facility availability was increased from $30 million to $35 million for working capital purposes. The amount drawn at June 30, 2013 was $31.0 million, with $3.7 million used as collateral for various letters of credit. The net weighted average interest rate on all of our long-term debt after consideration of the effect of our interest rate swaps at June 30, 2013 and December 31, 2012 was 3.3275% and 3.2645%, respectively. This unsecured line of credit agreement was paid off with execution of the new secured credit facility on September 24, 2013.

[2]

We had an interest rate swap agreement in place to fix the interest rate on our variable rate note payable expiring in 2015 at 4.41%. Upon early repayment of approximately $13.3 million to close this credit facility, the interest rate swap was settled and terminated.

[3]

We entered into a variable rate financing agreement with Capital One N.A. on November 30, 2012 for a five year facility totaling $30 million to finance a portion of the acquisition of UOS. This facility was fully drawn prior to the end of 2012. Upon execution of the new US Senior Credit Facility, this credit facility was paid off in full. The early pre-payment amount was approximately $25.5 million.

[4]

We entered into a variable rate financing agreement with ING Bank N.V., London branch on June 20, 2011 for a seven year facility to finance the acquisition of a Cape Size vessel and a Handymax Bulk Carrier Newbuilding, both of which we acquired a 100% interest in as a result of our acquisition of Dry Bulk. Pursuant to the terms of the facility, the lender agreed to provide a secured term loan facility divided into two tranches: Tranche A, fully drawn on June 20, 2011 in the amount of $24.1 million, and Tranche B, providing up to $23.3 million of additional credit. Under Tranche B, we drew $6.1 million in November 2011 and $12.7 million on January 24, 2012.

[5]

We have an interest rate swap agreement in place to fix the interest rate on our variable rate note payable expiring in 2020 at 2.065%. After applicable margin adjustments, the effective interest rate on this note payable is fixed at 3.715%. The swap agreement is for the same term as the associated note payable.On September 24, 2013, we entered into a senior secured Credit Facility. The Credit Facility matures on September 24, 2018 and includes a term loan facility in the principal amount of $45 million and a LOC in the principal amount of $50 million. The LOC facility includes a $20 million sublimit for the issuance of standby letters of credit and a $5 million sublimit for swingline loans. As of September 24, 2013, the Credit Facility had four lenders, each with commitments ranging from $15 million to $30 million.

[6]

Effective November 28, 2012, our revolving credit facility was increased from $30 million to $42 million to provide additional funds for working capital purposes. This revolver was considered fully drawn at December 31, 2012 and the $12 million increase was fully repaid in January 2013. On June 28, 2013 our revolving facility availability was increased from $30 million to $35 million for working capital purposes. The amount drawn at June 30, 2013 was $31.0 million, with $3.7 million used as collateral for various letters of credit. The net weighted average interest rate on all of our long-term debt after consideration of the effect of our interest rate swaps at June 30, 2013 and December 31, 2012 was 3.3275% and 3.2645%, respectively. This unsecured line of credit agreement was paid off with execution of the new secured credit facility on September 24, 2013.

Preferred_Stock_Details

Preferred Stock (Details) (USD $)	9 Months Ended	0 Months Ended	1 Months Ended	0 Months Ended	1 Months Ended	9 Months Ended	0 Months Ended		9 Months Ended
	Sep. 30, 2013	Oct. 08, 2013	Jul. 17, 2013	Apr. 10, 2013	Feb. 21, 2013	Sep. 30, 2013	Oct. 08, 2013	Aug. 01, 2013	Sep. 30, 2013
		Series A Cumulative Redeemable Perpetual Preferred Stock [Member]	Series A Cumulative Redeemable Perpetual Preferred Stock [Member]	Series A Cumulative Redeemable Perpetual Preferred Stock [Member]	Series A Cumulative Redeemable Perpetual Preferred Stock [Member]	Series A Cumulative Redeemable Perpetual Preferred Stock [Member]	Series B Cumulative Redeemable Perpetual Preferred Stock [Member]	Series B Cumulative Redeemable Perpetual Preferred Stock [Member]	Series B Cumulative Redeemable Perpetual Preferred Stock [Member]
Class of Stock [Line Items]	'	'	'	'	'	'	'	'	'
Preferred stock issued	'	'	'	'	250,000	'	'	316,250	'
Preferred stock, dividend rate	'	'	'	'	9.50%	'	'	9.00%	'
Preferred stock, par value	'	'	'	'	$1	'	'	$1	'
Preferred stock, liquidation preference per share	'	'	'	'	$100	'	'	$100	'
Shares sold pursuant to over-allotment option granted to underwriters for offering	'	'	'	'	'	'	'	41,250	'
Preferred stock, dividend declared	'	$2.38	$2.38	$1.79	'	'	$2.25	'	'
Preferred stock, redemption date	'	'	'	'	'	30-Apr-18	'	'	30-Oct-18
Preferred stock, cash redemption price per share	'	'	'	'	'	$100	'	'	$100
Net proceeds from the issuance of preferred stock	$53,336,000	'	'	'	'	$23,400,000	'	'	$30,000,000
Underwriter discounts and related costs	'	'	'	'	'	$1,600,000	'	'	$1,600,000
Period after change of control to redeem shares	'	'	'	'	'	'120 days	'	'	'120 days

Stockholders_Equity_Narrative_

Stockholders' Equity (Narrative) (Details) (USD $)	3 Months Ended	12 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2010	Dec. 31, 2008	Jan. 25, 2008
Stockholders' Equity [Abstract]	'	'	'
Shares authorized for repurchase (in shares)	'	'	1,000,000
Total number of shares purchased (in shares)	223,051	491,572	'
Payments for shares purchased	$5.20	$11.50	'

Stockholders_Equity_Summary_Of

Stockholders' Equity (Summary Of Changes In Stockholders' Equity) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Stockholders' Equity [Abstract]	'	'	'	'
Balance at beginning of period	'	'	$262,299	'
Net Income	-2,222	1,782	1,290	10,422
Issuance of Preferred Stock	'	'	53,336	'
Common Stock Dividends	'	'	-5,485	'
Preferred Stock Dividends	'	'	-1,041	'
Unrealized Foreign Currency Translation Gain	-307	143	-61	64
Net Change in Fair Value of Derivatives	780	-149	2,289	-79
Net Change in Funding Status of Defined Benefit Plan	306	160	927	679
Stock-based compensation expense (net of forfeited shares)	'	'	648	'
Balance at end of period	$314,202	'	$314,202	'

Stockholders_Equity_Issuer_Pur

Stockholders' Equity (Issuer Purchases Of Equity Securities) (Details)	3 Months Ended	12 Months Ended
	Jun. 30, 2010	Dec. 31, 2008	Sep. 30, 2013	Aug. 31, 2013	Jul. 31, 2013
Stockholders' Equity [Abstract]	'	'	'	'	'
Total number of shares purchased (in shares)	223,051	491,572	'	'	'
Maximum Number of Shares that May Yet Be Purchased Under the Plan (in shares)	'	'	285,377	285,377	285,377

Stockholders_Equity_Cash_Divid

Stockholders' Equity (Cash Dividends Paid) (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

Jun. 30, 2013

Mar. 31, 2013

Sep. 30, 2013

Sep. 04, 2013

Jun. 03, 2013

8-May-13

Mar. 04, 2013

Mar. 13, 2013

Apr. 29, 2013

Sep. 30, 2013

Jul. 30, 2013

Apr. 30, 2013

Sep. 30, 2013

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

9.50% Series A Preferred Stock [Member]

9.50% Series A Preferred Stock [Member]

9.50% Series A Preferred Stock [Member]

Preferred Stock [Member]

Preferred Stock [Member]

Preferred Stock [Member]

Dividends Payable [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Record Date

'

'

'

16-Aug-13

16-May-13

7-May-13

19-Feb-13

11-Mar-13

23-Apr-13

'

29-Jul-13

29-Apr-13

'

Payment Date

'

'

'

4-Sep-13

3-Jun-13

8-May-13

4-Mar-13

13-Mar-13

29-Apr-13

'

30-Jul-13

30-Apr-13

'

Per Share Amount (in dollars per share)

'

'

'

$0.25

$0.25

$1

[1]

$0.25

$1

[1]

$1

[1]

'

$2.38

$1.79

'

Total Dividend Paid

'

'

$1,041,000

$1,812,000

$1,812,000

$29,000

$1,803,000

$23,000

$6,000

$5,485,000

$594,000

$447,000

$1,041,000

Payment of cash dividends related to unvested stock awards

$35,000

$23,000

'

'

'

'

'

'

'

'

'

'

'

[1]

During the first quarter and second quarter of 2013, we paid an additional $23,000 and $35,000 respectively, in cash dividends related to unvested stock awards that was previously accrued. Upon vesting of these shares of restricted stock, these cash dividends were disbursed to the holders of those restricted shares.

Stock_Based_Compensation_Narra

Stock Based Compensation (Narrative) (Details) (USD $)

0 Months Ended

9 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

9 Months Ended

Apr. 23, 2013

7-May-12

Sep. 30, 2013

Sep. 30, 2012

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

7-May-12

Sep. 30, 2013

Apr. 23, 2013

Sep. 30, 2013

Sep. 30, 2013

Apr. 23, 2013

Sep. 30, 2013

Sep. 30, 2013

Apr. 23, 2013

Mar. 11, 2013

Sep. 30, 2013

Apr. 23, 2013

Mar. 11, 2013

Sep. 30, 2013

Apr. 23, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

employee

employee

2012 Grants [Member]

Stock Awards [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Time Based Restricted Stock Units [Member]

Time Based Restricted Stock Units [Member]

Time Based Restricted Stock Units [Member]

Absolute Performance Based Restricted Stock Units [Member]

Absolute Performance Based Restricted Stock Units [Member]

Absolute Performance Based Restricted Stock Units [Member]

Absolute Performance Based Restricted Stock Units [Member]

Absolute Performance Based Restricted Stock Units [Member]

Absolute Performance Based Restricted Stock Units [Member]

Relative Performance Based Restricted Stock Units [Member]

Relative Performance Based Restricted Stock Units [Member]

Relative Performance Based Restricted Stock Units [Member]

Relative Performance Based Restricted Stock Units [Member]

Relative Performance Based Restricted Stock Units [Member]

Relative Performance Based Restricted Stock Units [Member]

Relative Performance Based Restricted Stock Units [Member]

item

item

item

item

Top Executives [Member]

2012 Grants [Member]

2013 Grants [Member]

2012 Grants [Member]

2012 Grants [Member]

2012 Grants [Member]

2013 Grants [Member]

2012 Grants [Member]

2012 Grants [Member]

2012 Grants [Member]

2013 Grants [Member]

Top Executives [Member]

Top Executives [Member]

employee

employee

employee

employee

employee

employee

2012 Grants [Member]

2013 Grants [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Awards Granted (in shares)

121,100

65,500

'

'

'

'

'

'

6,708

'

'

121,100

'

'

'

87,300

'

'

16,901

8,188

'

'

'

'

16,899

'

'

'

'

'

'

Common stock, par value (in dollars per share)

$1

$1

$1

'

'

'

$1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of key individuals

11

10

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of tranches

'

'

'

'

'

'

'

'

'

'

'

'

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares available for grant on attainment of performance targets (in shares)

'

'

81,188

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares issued (in shares)

'

'

57,401

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares remaining to be issued (in shares)

'

'

10,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum number of shares to be issued if certain performance targets are met (in shares)

134,475

'

11,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Closing market stock price

$17.66

$19.35

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Expense

'

'

$1,023,000

$881,000

'

'

'

'

$90,000

$272,000

$307,000

$933,000

$491,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional shares vested due to accelerated vesting

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,376

18,188

'

'

'

'

1,788

'

'

'

Number of top executive awards which vested at an accelerated rate

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum shares allocated to each share based compensation unit (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

1

'

'

1.5

'

'

1.5

'

'

1.5

'

1.5

'

'

Vesting period

'

'

'

'

'

'

'

'

'

'

'

'3 years

'

'

'1 year

'

'3 years

'3 years

'

'

'2 years

'

'

'3 years

'

'

'3 years

'

'3 years

'1 year

'1 year

Number of top executives

'

'

'

'

'

'

'

'

'

4

'

4

'

'

'

'

2

'

'

'

'

'

'

4

'

2

4

2

4

'

'

Number of remaining shares expected to vest (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,000

'

'

'

'

'

'

'

'

'

'

Percentage of restricted stock units vested (in hundredths)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

53.00%

'

'

'

'

'

Number of shares canceled

'

'

'

'

'

'

'

'

'

'

'

6,286

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock retired to meet tax liabilities (in shares)

'

'

'

'

11,509

8,186

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,300

'

'

'

'

'

Stock_Based_Compensation_Sched

Stock Based Compensation (Schedule Of Assumptions Used) (Details) (USD $)	Apr. 23, 2013	7-May-12	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
			1 Year Vest [Member]	1 Year Vest [Member]	3 Year Vest [Member]	3 Year Vest [Member]
			item	item	item	item
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'
Stock Price	$17.66	$19.35	$17.66	$19.35	$17.66	$19.35
Expected Volatilities	'	'	33.50%	44.31%	37.03%	40.50%
Correlation Coefficients	'	'	0.4729	0.719	0.6254	0.6938
Risk Free Rate	'	'	0.10%	0.16%	0.31%	0.34%
Dividend Yield	'	'	5.70%	5.17%	5.70%	5.17%
Simulated Fair Value	'	'	$15.33	$17.73	$16.57	$18.88
Fair Value as a % of Grant	'	'	86.81%	91.63%	93.83%	97.57%

Stock_Based_Compensation_Sched1

Stock Based Compensation (Schedule Of Compensation Expense And Reductions In Earnings Per Share) (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Related Reduction in Earnings Per Share	($0.03)	($0.05)	($0.09)	($0.12)
Stock Grants To Directors & Officers [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Stock-Based Compensation Expense	$30,000	$30,000	$90,000	$390,000
RSUs Awards To Officers [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Stock-Based Compensation Expense	$272,000	$307,000	$933,000	$491,000

Stock_Based_Compensation_Summa

Stock Based Compensation (Summary Of Activity For Stock Awards And Summary Of RSU Activity And Related Information) (Details) (USD $)	0 Months Ended		9 Months Ended		0 Months Ended	9 Months Ended
	Apr. 23, 2013	7-May-12	Sep. 30, 2013	Sep. 30, 2013	Apr. 23, 2013	Sep. 30, 2013
			Stock Awards [Member]	Restricted Stock Units (RSUs) [Member]	Absolute Performance Based Restricted Stock Units [Member]	Absolute Performance Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'
Non-vested - Beginning of Period (in shares)	'	'	'	65,500	'	'
Awards Granted (in shares)	121,100	65,500	6,708	121,100	16,901	8,188
Awards Vested (in shares)	'	'	-6,708	'	'	'
Awards Exercised (in shares)	'	'	'	-57,402	'	'
Awards Forfeited/Canceled (in shares)	'	'	'	-6,286	'	'
Non-vested - End of Period (in shares)	'	'	'	131,100	'	'
Non-vested, Weighted Average Grant Date Fair Value - Beginning of Period (in dollars per share)	'	'	'	$21.48	'	'
Awards Granted, Weighted Average Grant Date Fair Value (in dollars per share)	'	'	$17.89	$17.37	'	$19.35
Awards Vested, Weighted Average Grant Date Fair Value (in dollars per share)	'	'	$17.89	'	'	'
Awards Exercised, Weighted Average Grant Date Fair Value (in dollars per share)	'	'	'	$19.15	'	'
Awards Forfeited/Canceled, Weighted Average Grant Date Fair Value (in dollars per share)	'	'	'	$18.02	'	'
Non-vested, Weighted Average Grant Date Fair Value - End of Period (in dollars per share)	'	'	'	$18.77	'	'

Changes_In_Accumulated_Other_C2

Changes In Accumulated Other Comprehensive Income (Changes In Accumulated Other Comprehensive Income By Component) (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Jul. 31, 2011

Gains And Losses On Derivatives Fair Value [Member]

Gains And Losses On Derivatives Fair Value [Member]

Unrealized Translation Loss [Member]

Unrealized Translation Loss [Member]

Defined Benefit Pension Items [Member]

Defined Benefit Pension Items [Member]

Oslo Bulk AS [Member]

Oslo Bulk AS [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

'

'

'

'

'

'

'

'

'

'

Beginning balance

$22,571,000

$24,946,000

$5,844,000

[1]

$7,352,000

[1]

$104,000

$350,000

$16,623,000

$17,244,000

'

'

Other comprehensive (loss) income before reclassification

-2,968,000

-4,009,000

-3,275,000

[1]

-4,070,000

[1]

307,000

61,000

'

'

'

'

Amount reclassified from accumulated other comprehensive income

2,189,000

854,000

2,495,000

[1]

1,781,000

[1]

'

'

-306,000

-927,000

'

'

Net current-period other comprehensive income

-779,000

-3,156,000

-780,000

[1]

-2,289,000

[1]

307,000

61,000

-306,000

-927,000

'

'

Ending balance

21,792,000

21,792,000

5,064,000

[1]

5,064,000

[1]

411,000

411,000

16,317,000

16,317,000

'

'

Interest rate swap fair value

'

'

'

'

'

'

'

'

($717,151)

'

Equity investee ownership interest (in hundredths)

'

'

'

'

'

'

'

'

25.00%

25.00%

[1]

The fair value balance as of September 30, 2013, includes a negative $717,151 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.

Changes_In_Accumulated_Other_C3

Changes In Accumulated Other Comprehensive Income (Reclassifications Out Of Accumulated Other Comprehensive Income) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Interest Expense	($3,109)	($2,144)	($7,387)	($7,152)
Other revenues	522	588	1,616	1,815
Total before tax	1,844	-1,302	-2,063	-9,637
Tax (expense) or benefit	18	-396	68	-120
Net of tax	2,222	-1,782	-1,290	-10,422
Reclassification Out Of Accumulated Other Comprehensive Income [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Net of tax	2,189	'	854	'
Reclassification Out Of Accumulated Other Comprehensive Income [Member] | Gains And Losses On Derivatives Fair Value [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Total before tax	2,495	'	1,781	'
Tax (expense) or benefit	'	'	'	'
Net of tax	2,495	'	1,781	'
Reclassification Out Of Accumulated Other Comprehensive Income [Member] | Defined Benefit Pension Items [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Prior service costs	-25	'	-75	'
Actuarial losses	-281	'	-852	'
Total before tax	-306	'	-927	'
Net of tax	-306	'	-927	'
Reclassification Out Of Accumulated Other Comprehensive Income [Member] | Interest Rate Contract [Member] | Gains And Losses On Derivatives Fair Value [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Interest Expense	2,444	'	1,795	'
Reclassification Out Of Accumulated Other Comprehensive Income [Member] | Foreign Exchange Contracts [Member] | Gains And Losses On Derivatives Fair Value [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Other revenues	$51	'	($14)	'

Employee_Benefit_Plans_Narrati

Employee Benefit Plans (Narrative) (Details) (USD $)	9 Months Ended	0 Months Ended
	Sep. 30, 2013	Oct. 15, 2013
		Subsequent Event [Member]
Subsequent Event [Line Items]	'	'
Contribution to pension plan	$800,000	$800,000

Employee_Benefit_Plans_Compone

Employee Benefit Plans (Components Of Net Periodic Benefit Cost) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Pension Plan [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	$124	$164	$504	$492
Interest cost	330	357	1,002	1,071
Expected return on plan assets	-560	-497	-1,674	-1,491
Amortization of prior service cost	-1	-1	-3	-3
Amortization of Net Loss	220	192	666	576
Net periodic benefit cost	113	215	495	645
Postretirement Benefits [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	6	13	18	39
Interest cost	119	130	357	390
Amortization of prior service cost	25	-3	75	-9
Amortization of Net Loss	63	71	189	213
Net periodic benefit cost	$213	$211	$639	$633

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	Mar. 31, 2014	Oct. 01, 2013	Sep. 23, 2013	Oct. 01, 2013
In Millions, unless otherwise specified	Vessel Investment [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
	Scenario, Forecast [Member]	item	item	Vessel Investment [Member]
				item
Subsequent Event [Line Items]	'	'	'	'
Payment towards acquisition prior to delivery of chemical tankers	'	'	'	$2.70
Number of newly-built chemical tankers committed to purchase a minority interest in	'	'	'	2
Amount of investment due upon delivery of vessel	$5.80	'	'	'
Number of wholly-owned subsidiaries that entered into a bareboat charter agreement	'	'	1	'
Number of multi-purpose heavy lift dry cargo vessels delivered under agreement entered into by wholly-owned subsidiary	'	1	'	'