International Shipholding (ISH+) Inactive 10-Q5 Aug 142014 Q2 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2014
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	7,301,669
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q2
Document Type	'10-Q
Amendment Flag	'false
Document Period End Date	30-Jun-14

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Of Income (Loss) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Condensed Consolidated Statements Of Income (Loss) [Abstract]	'	'	'	'
Revenues	$76,752	$74,897	$149,446	$156,021
Operating Expenses:	'	'	'	'
Voyage Expenses	62,296	60,227	123,899	127,951
Intangible Amortization	1,029	1,281	2,058	3,148
Vessel Depreciation	6,517	5,804	13,238	11,575
Other Depreciation	18	11	36	34
Administrative and General Expenses	5,232	6,170	10,811	11,603
Total Operating Expenses	75,092	73,493	150,042	154,311
Operating Income (Loss)	1,660	1,404	-596	1,710
Interest and Other:	'	'	'	'
Interest Expense	2,041	2,077	4,186	4,278
Derivative Loss (Gain)	18	-205	32	-282
Other Income from Vessel Financing	-472	-539	-961	-1,094
Investment Income	-5	-42	-24	-82
Foreign Exchange Loss (Gain)	9	-1,836	93	-5,017
Total Interest and Other Income	1,591	-545	3,326	-2,197
Income (Loss) Before Benefit for Income Taxes and Equity in Net Income of Unconsolidated Entities	69	1,949	-3,922	3,907
Provision (Benefit) for Income Taxes	653	15	-229	50
Equity in Net Loss of Unconsolidated Entities (Net of Applicable Taxes)	-80	-75	-188	-345
Net (Loss) Income	-664	1,859	-3,881	3,512
Preferred Stock Dividends	1,305	594	2,611	845
Net (Loss) Income Available to Common Stockholders	($1,969)	$1,265	($6,492)	$2,667
Basic and Diluted Earnings Per Common Share:	'	'	'	'
Basic Earnings Per Common Share: (in dollars per share)	($0.27)	$0.17	($0.89)	$0.37
Diluted Earnings Per Common Share: (in dollars per share)	($0.27)	$0.17	($0.89)	$0.37
Weighted Average Shares of Common Stock Outstanding:	'	'	'	'
Basic (in shares)	7,281,807	7,239,780	7,267,023	7,226,415
Diluted (in shares)	7,281,807	7,263,206	7,267,023	7,248,377
Common Stock Dividends Per Share (in dollars per share)	$0.25	$0.25	$0.50	$0.50

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements Of Comprehensive (Loss) Income (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Condensed Consolidated Statements Of Comprehensive (Loss) Income [Abstract]	'	'	'	'	'
Net (Loss) Income	($664)	$1,859	($3,881)	$3,512	$18,532
Other Comprehensive Income (Loss):	'	'	'	'	'
Unrealized Foreign Currency Translation Gain	42	206	17	246	'
Change in Fair Value of Derivatives	-44	962	-35	1,509	'
Change in Funding Status of Defined Benefit Plan	-24	310	151	621	'
Comprehensive (Loss) Income	($690)	$3,337	($3,748)	$5,888	$29,538

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
ASSETS	'	'
Cash and Cash Equivalents	$15,817,000	$20,010,000
Restricted Cash	8,000,000	8,499,000
Accounts Receivable, Net of Allowance for Doubtful Accounts	32,271,000	30,417,000
Prepaid Expenses	7,861,000	8,493,000
Deferred Tax Asset	633,000	3,084,000
Other Current Assets	1,045,000	1,029,000
Notes Receivable	3,465,000	3,987,000
Material and Supplies Inventory	10,774,000	11,322,000
Total Current Assets	79,866,000	86,841,000
Investment in Unconsolidated Entities	22,638,000	14,818,000
Vessels, Property, and Other Equipment, at Cost:	'	'
Vessels	582,959,000	582,416,000
Building	1,354,000	1,211,000
Land	623,000	623,000
Leasehold Improvements	26,348,000	26,348,000
Construction in Progress	8,936,000	2,673,000
Furniture and Equipment	12,041,000	11,727,000
Property, Plant and Equipment Total, Gross	632,261,000	624,998,000
Less - Accumulated Depreciation	-189,596,000	-175,106,000
Net Vessels, Property, Plant and Equipment	442,665,000	449,892,000
Other Assets:	'	'
Deferred Charges, Net of Accumulated Amortization	25,275,000	29,309,000
Intangible Assets, Net of Accumulated Amortization	26,698,000	28,756,000
Due from Related Parties	1,992,000	1,974,000
Notes Receivable	26,057,000	27,659,000
Goodwill	2,735,000	2,735,000
Deferred Tax Asset	9,998,000	7,325,000
Other	4,997,000	7,383,000
Other Assets Total	97,752,000	105,141,000
TOTAL ASSETS	642,921,000	656,692,000
Current Liabilities:	'	'
Current Maturities of Long-Term Debt	19,902,000	19,213,000
Accounts Payable and Other Accrued Expenses	49,084,000	51,220,000
Total Current Liabilities	68,986,000	70,433,000
Long-Term Debt, Less Current Maturities	180,032,000	179,016,000
Other Long-Term Liabilities:	'	'
Incentive Obligation	8,591,000	5,397,000
Other	58,654,000	65,306,000
TOTAL LIABILITIES	316,263,000	320,152,000
Stockholders' Equity:	'	'
Common Stock, $1.00 Par Value, 20,000,000 Shares Authorized, 7,301,669 and 7,203,935 Shares Issued and Outstanding at June 30, 2014 and December 31, 2013, Respectively	8,710,000	8,692,000
Additional Paid-In Capital	140,289,000	140,115,000
Retained Earnings	216,273,000	226,480,000
Treasury Stock, 1,388,066 Shares at June 30, 2014 and December 31, 2013, Respectively	-25,403,000	-25,403,000
Accumulated Other Comprehensive Loss	-13,777,000	-13,910,000
TOTAL STOCKHOLDERS' EQUITY	326,658,000	336,540,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	642,921,000	656,692,000
9.50% Series A Preferred Stock [Member]	'	'
Stockholders' Equity:	'	'
Preferred Stock, $1.00 Par Value	250,000	250,000
9.00% Series B Preferred Stock [Member]	'	'
Stockholders' Equity:	'	'
Preferred Stock, $1.00 Par Value	$316,000	$316,000

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Stockholders' Equity:	'	'
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)	7,301,669	7,301,669
Common Stock, shares outstanding (in shares)	7,203,935	7,203,935
Treasury Stock, (in shares)	1,388,066	1,388,066
9.50% Series A Preferred Stock [Member]	'	'
Stockholders' Equity:	'	'
Cumulative Perpetual Preferred Stock, par value (in dollars per share)	$1	$1
Cumulative Perpetual Preferred Stock, coupon rate (in hundredths)	9.50%	9.50%
Cumulative Perpetual Preferred Stock, shares authorized (in shares)	650,000	650,000
Cumulative Perpetual Preferred Stock, shares issued (in shares)	250,000	250,000
Cumulative Perpetual Preferred Stock, shares outstanding (in shares)	250,000	250,000
9.00% Series B Preferred Stock [Member]	'	'
Stockholders' Equity:	'	'
Cumulative Perpetual Preferred Stock, par value (in dollars per share)	$1	$1
Cumulative Perpetual Preferred Stock, coupon rate (in hundredths)	9.00%	9.00%
Cumulative Perpetual Preferred Stock, shares authorized (in shares)	350,000	350,000
Cumulative Perpetual Preferred Stock, shares issued (in shares)	316,250	316,250
Cumulative Perpetual Preferred Stock, shares outstanding (in shares)	316,250	316,250

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash Flows from Operating Activities:	'	'
Net (Loss) Income	($3,881)	$3,512
Adjustments to Reconcile Net (Loss) Income to Net Cash Provided by Operating Activities:	'	'
Depreciation	13,601	11,899
Amortization of Deferred Charges	8,896	4,239
Amortization of Intangible Assets	2,058	3,148
Deferred Tax	-271	'
Non-Cash Share Based Compensation	833	721
Equity in Net Loss of Unconsolidated Entities	188	345
Loss (Gain) on Foreign Currency Exchange	93	-5,017
Changes in:	'	'
Deferred Drydocking Charges	-4,098	-6,584
Accounts Receivable	1,566	-1,774
Inventories and Other Current Assets	904	3,852
Other Assets	-500	301
Accounts Payable and Accrued Liabilities	-3,727	641
Other Long-Term Liabilities	-3,945	4,511
Net Cash Provided by Operating Activities	11,717	19,794
Cash Flows from Investing Activities:	'	'
Principal payments received under Direct Financing Leases	'	558
Capital Improvements to Vessels and Other Assets	-6,547	-7,518
Investment in Unconsolidated Entities	-7,886	-500
Net Decrease (Increase) in Restricted Cash Account	2,499	-9,825
Acquisition of United Ocean Services, LLC, net of cash acquired	'	-2,475
Proceeds from Payments on Note Receivables	2,124	3,657
Net Cash Used In Investing Activities	-9,810	-16,103
Cash Flows from Financing Activities:	'	'
Issuance of Preferred Stock	'	23,480
Proceeds from Issuance of Debt	18,000	22,000
Repayment of Debt	-17,511	-41,840
Additions to Deferred Financing Charges	-339	-693
Dividends Paid	-6,250	-4,120
Net Cash Used In Financing Activities	-6,100	-1,173
Net (Decrease) Increase in Cash and Cash Equivalents	-4,193	2,518
Cash and Cash Equivalents at Beginning of Period	20,010	19,868
Cash and Cash Equivalents at End of Period	15,817	22,386
Supplemental Disclosure of non-cash investing activities	'	'
Additions to vessels, property, plant and equipment included in accounts payable and other accrued expenses	$716	$596

Basis_Of_Preparation

Basis Of Preparation	6 Months Ended
Basis Of Preparation	Jun. 30, 2014
Basis Of Preparation [Abstract]	'
Basis Of Preparation	'

	NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
	30-Jun-14
	(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 thereunder, 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, 2013. The condensed consolidated balance sheet as of December 31, 2013 included in this report has been derived from the audited financial statements at that date.
	The foregoing 2014 interim results are not necessarily indicative of the results of operations for the full year 2014. 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 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 Rail-Ferry, Jones Act, and Specialty segments’ voyages are recorded over the duration of the voyage based on percentage of completion. 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.
	Certain amounts in the condensed consolidated financial statements for prior periods have been reclassified to conform to the current period presentation. Such reclassifications primarily relate to a related party receivable that was reclassified as other current assets versus note receivable in the balance sheet.

Out_Of_Period_Adjustments

Out Of Period Adjustments	6 Months Ended
Out Of Period Adjustments	Jun. 30, 2014
Out Of Period Adjustments [Abstract]	'
Out Of Period Adjustments	'
	Note 2. Out of Period Adjustments
	During 2014, an error was identified related to the cutoff of voyage revenues between the first and second quarter of 2014 which would have resulted in an increase in revenue and an increase in voyage expenses with a net impact that would have decreased pre-tax loss by $108,000 and decreased net loss by $61,000, respectively, for the quarter ended March 31, 2014. During the three months ended June 30, 2014 we recorded an out of period adjustment to correct this error. The impact of correcting this error resulted in an increase to pre-tax income of $108,000 and a decrease to net loss by $61,000. We evaluated the impact of this error on the results of our previously issued financial statements for the first quarter of 2014 and concluded that the impact was not material. We also evaluated the impact of correcting the error in the second quarter of 2014 and concluded that the impact was not material.

Operating_Segments

Operating Segments	6 Months Ended
Operating Segments	Jun. 30, 2014
Operating Segments [Abstract]	'
Operating Segments	'
	Note 3. Operating Segments
	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 most 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. The results of our remaining unconsolidated entities, Saltholmen Shipping Ltd and Brattholmen Shipping Ltd (a joint venture owning two Asphalt Tankers), are allocated to the Specialty Contracts results. We do not allocate to our segments; (i) administrative and general expenses, (ii) (loss) gain on sale of other assets, (iii) derivative (income) loss, (iv) income taxes, (v) loss (gain) on sale of investment, (vi) other income from vessel financing, (vii) investment income, and (viii) 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 defined further below in this Note 3) as the primary 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 June 30, 2014 and 2013:

	RESULTS OF OPERATIONS
	three MONTHS ENDED June 30, 2014
	COMPARED TO THE three MONTHS ENDED June 30, 2013




	(All Amounts in Thousands)		Jones Act			Pure Car Truck Carriers			Dry Bulk Carriers			Rail Ferry			Specialty Contracts			Other			Total
	2014
	Fixed Revenue	$	33,216		$	15,295		$	1,758		$	-		$	8,487		$	-		$	58,756
	Variable Revenue		-			3,858			3,505			9,739			911			-17			17,996
	Total Revenue from External Customers		33,216			19,153			5,263			9,739			9,398			-17			76,752
	Intersegment Revenues (Eliminated)		-			-			-			-			-			-4,321			-4,321
	Intersegment Expenses Eliminated		-			-			-			-			-			4,321			4,321
	Voyage Expenses		27,181			16,903			3,412			7,870			8,446			-487			63,325
	Loss (Income) of Unconsolidated Entities		-			-			89			39			-48			-			80
	Gross Voyage Profit	$	6,035		$	2,250		$	1,762		$	1,830		$	1,000		$	470		$	13,347

	Gross Voyage Profit Margin		18	%		12	%		33	%		19	%		11	%		2765	%		17	%

	2013
	Fixed Revenue	$	27,725		$	16,804		$	665		$	-		$	5,835		$	-		$	51,029
	Variable Revenue		-			8,286			4,188			9,523			1,671			200			23,868
	Total Revenue from External Customers		27,725			25,090			4,853			9,523			7,506			200			74,897
	Intersegment Revenues (Eliminated)		-			-			-			-			-			-5,519			-5,519
	Intersegment Expenses Eliminated		-			-			-			-			-			5,519			5,519
	Voyage Expenses		22,204			20,453			4,473			7,762			6,539			77			61,508
	Loss of Unconsolidated Entities		-			-			7			68			-			-			75
	Gross Voyage Profit	$	5,521		$	4,637		$	373		$	1,693		$	967		$	123		$	13,314

	Gross Voyage Profit Margin		20	%		18	%		8	%		18	%		13	%		62	%		18	%






	The following table presents information about segment profit and loss for the six months ended June 30, 2014 and 2013:

	RESULTS OF OPERATIONS
	SIX MONTHS ENDED June 30, 2014
	COMPARED TO THE SIX MONTHS ENDED June 30, 2013





	(All Amounts in Thousands)		Jones Act			Pure Car Truck Carriers			Dry Bulk Carriers			Rail Ferry			Specialty Contracts			Other			Total
	2014
	Fixed Revenue	$	62,315		$	30,911		$	3,284		$	-		$	17,188		$	-		$	113,698
	Variable Revenue		-			7,799			7,094			17,667			3,158			30			35,748
	Total Revenue from External Customers		62,315			38,710			10,378			17,667			20,346			30			149,446
	Intersegment Revenues(Eliminated)		-			-			-			-			-			-8,642			-8,642
	Intersegment Expenses Eliminated		-			-			-			-			-			8,642			8,642
Voyage Expenses		52,057			34,101			7,055			14,912			18,646			-814			125,957
Loss (Income) of Unconsolidated Entities		-			-			169			67			-48			-			188
Gross Voyage Profit	$	10,258		$	4,609		$	3,154		$	2,688		$	1,748		$	844		$	23,301

Gross Voyage Profit Margin		16	%		12	%		30	%		15	%		9	%		2813	%		16	%

2013
Fixed Revenue	$	59,579		$	33,757		$	1,538		$	-		$	12,667		$	-		$	107,541
Variable Revenue					19,207			7,549			18,697			2,526			501			48,480
Total Revenue from External Customers		59,579			52,964			9,087			18,697			15,193			501			156,021
Intersegment Revenues (Eliminated)		-			-			-			-			-			-11,038			-11,038
Intersegment Expenses Eliminated		-			-			-			-			-			11,038			11,038
Voyage Expenses		47,694			43,926			9,674			15,482			14,037			286			131,099
Loss of Unconsolidated Entities		-			-			338			7			-			-			345
Gross Voyage Profit (Loss)	$	11,885		$	9,038		$	-925		$	3,208		$	1,156		$	215		$	24,577

Gross Voyage Profit Margin		20	%		17	%		-10	%		17	%		8	%		43	%		16	%











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 June 30,						Year to date as of June 30,
(All Amounts in Thousands)		2014			2013			2014			2013
Revenues	$	76,752		$	74,897		$	149,446		$	156,021

Voyage Expenses*		63,325			61,508			125,957			131,099
Net Loss of Unconsolidated Entities		80			75			188			345

Gross Voyage Profit		13,347			13,314			23,301			24,577

Vessel Depreciation		6,517			5,804			13,238			11,575
Other Depreciation		18			11			36			34

Gross Profit		6,812			7,499			10,027			12,968

Other Operating Expenses:
Administrative and General Expenses		5,232			6,170			10,811			11,603
Less: Net Loss of Unconsolidated Entities		-80			-75			-188			-345
Total Other Operating Expenses		5,152			6,095			10,623			11,258

Operating Income (Loss)	$	1,660		$	1,404		$	-596		$	1,710
* Includes Intangible Amortization

Inventory

Inventory	6 Months Ended
Inventory	Jun. 30, 2014
Inventory [Abstract]	'
Inventory	'
	Note 4. 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. Our fuel inventory is based on the average inventory method of accounting. Our inventory consists of three major classes, the break out of which is included in the following table:



	(All Amounts in Thousands)		June 30,		December 31,
	Inventory Classes		2014		2013
	Spare Parts Inventory	$	4,039	$	3,968
	Fuel Inventory		4,080		4,663
	Warehouse Inventory		2,655		2,691
		$	10,774	$	11,322

Investment_In_Unconsolidated_E

Investment In Unconsolidated Entities	6 Months Ended
Investment In Unconsolidated Entities	Jun. 30, 2014
Investment In Unconsolidated Entities [Abstract]	'
Investment In Unconsolidated Entities	'




	Note 5. Investment in Unconsolidated Entities
	The following table summarizes our equity in net (loss) income of unconsolidated entities for the three months and six months ended June 30, 2014 and 2013, respectively.



			Three Months ended June 30,				Six Months Ended June 30,
			2014		2013		2014		2013
	(All Amounts in Thousands)
	Oslo Bulk, AS	$	-25	$	-137	$	-87	$	-97
	Oslo Bulk Holding Pte, Ltd		-64		132		-82		-240
	Terminales Transgolfo, S . A . D E C . V .		-39		-70		-67		-8
	Saltholmen Shipping, Ltd		48		-		48		-
	Total Equity in Net Loss of Unconsolidated Entities	$	-80	$	-75	$	-188	$	-345


	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 (loss) under the caption: "Equity in Net Loss of Unconsolidated Entities (Net of Applicable Taxes).”
	We have a 30% investment in Saltholmen Shipping Ltd, which was contracted to build two Chemical Tankers, both of which were delivered during the second quarter of 2014. These vessels were immediately employed on long-term bareboat charters. During the six months ended June 30, 2014, we invested approximately $5.8 million cash and $2.0 million cash to acquire a 30% interest in Saltholmen Shipping Ltd and Brattholmen Shipping Ltd, respectively. Brattholmen Shipping Ltd was organized to purchase and operate two Asphalt Tankers. These vessels were delivered on June 25, 2014 and both were simultaneously employed on long-term bareboat charters.

Goodwill_Other_Intangible_Asse

Goodwill, Other Intangible Assets, And Deferred Charges	6 Months Ended
Goodwill, Other Intangible Assets, And Deferred Charges	Jun. 30, 2014
Goodwill, Other Intangible Assets, And Deferred Charges [Abstract]	'
Goodwill, Other Intangible Assets, And Deferred Charges	'




	Note 6. Goodwill, Other Intangible Assets, and Deferred Charges

	Amortization expense for intangible assets was approximately $1.0 million and $1.3 million for the three months ended June 30, 2014 and 2013, respectively. Amortization expense for deferred charges was approximately $4.6 million and $2.3 million for the three months ended June 30, 2014 and 2013, respectively. The following table presents the rollforward of goodwill, other intangible assets, and deferred charges for the three months ended June 30, 2014:



	(All Amounts in Thousands)
		Amortization Period		Balance at March 31, 2014		Additions		Amortization		Reclassified		Balance at June 30, 2014
	Indefinite Life Intangibles
	Goodwill	n/a	$	2,735	$	-	$	-	$	-	$	2,735

	Total Indefinite Life Intangibles		$	2,735	$	-	$	-	$	-	$	2,735

	Definite Life Intangibles

	Trade names - FSI	240 months	$	59	$	-	$	-1	$	-	$	58
	Trade names - UOS	96 months		1,505		-		-56		-		1,449
	Customer Relationships - FSI	240 months		391		-		-5		-		386
	Customer Relationships - UOS	96 months		25,772		-		-967		-		24,805

	Total Definite Life Intangibles		$	27,727	$	-	$	-1,029	$	-	$	26,698

	Deferred Charges
	Drydocking Costs	various	$	23,936	$	2,323	$	-4,457	$	482	$	22,284
	Financing Charges and Other	various		2,792		277		-154		76		2,991

	Total Deferred Charges		$	26,728	$	2,600	$	-4,611	$	558	$	25,275




	Amortization expense for intangible assets was approximately $2.1 million and $3.1 million for the six months ended June 30, 2014 and 2013, respectively. Amortization expense for deferred charges was approximately $8.9 million and $4.2 million for the six months ended June 30, 2014 and 2013, respectively. The following table presents the rollforward of goodwill, other intangible assets, and deferred charges as of June 30, 2014:


	(All Amounts in Thousands)
		Amortization Period	Balance at December 31, 2013		Additions		Amortization		Reclassified		Balance at June 30, 2014
	Indefinite Life Intangibles
	Goodwill	n/a	$	2,735	$	-	$	-	$	-	$	2,735

	Total Indefinite Life Intangibles		$	2,735	$	-	$	-	$	-	$	2,735

	Definite Life Intangibles

	Trade names - FSI	240 months	$	60	$	-	$	-2	$	-	$	58
	Trade names - UOS	96 months		1,561		-		-112		-		1,449
	Customer Relationships - FSI	240 months		396		-		-10		-		386
	Customer Relationships - UOS	96 months		26,739		-		-1,934		-		24,805

	Total Definite Life Intangibles		$	28,756	$	-	$	-2,058	$	-	$	26,698

	Deferred Charges
	Drydocking Costs	various	$	26,428	$	4,098	$	-8,591	$	349	$	22,284
	Financing Charges and Other	various		2,881		339		-305		76		2,991

	Total Deferred Charges		$	29,309	$	4,437	$	-8,896	$	425	$	25,275

Income_Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	Note 7. Income Taxes
	We recorded a tax benefit of $229,000 on our $3.9 million of loss before taxes and equity in net loss of unconsolidated entities for the six months ended June 30, 2014. For the six months ended June 30, 2013, we recorded an income tax provision of $50,000 on our $3.9 million of income before taxes and equity in net loss of unconsolidated entities. Included in both our 2014 tax benefit and our 2013 tax provision are taxes 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, a 35% provision on our U.S. flag Jones Act results, and foreign tax withholdings. Our 2014 tax benefit for the six months ended June 30, 2014, also includes recognition of deferred tax benefits, which we were unable to recognize in 2013 due to the valuation allowance that we reversed in the fourth quarter of 2013, as discussed in our Annual Report on Form 10-K for the year ended December 31, 2013. Additionally, we have recorded a tax liability on our income from vessel financing in 2014 that was exempt from tax in 2013.
	For further information on certain tax laws and elections, see our Annual Report on Form 10-K filed for the year ended December 31, 2013, including “Note J - Income Taxes” to the consolidated financial statements included therein.

Commitments_And_Contingencies

Commitments And Contingencies	6 Months Ended
Commitments And Contingencies	Jun. 30, 2014
Commitments And Contingencies [Abstract]	'
Commitments And Contingencies	'




	Note 8. Commitments and Contingencies
	Commitments
	Leases
	As of the six months ended June 30, 2014 there have been no changes to our leases. For more information about our leases, please see our Annual Report on Form 10-K for the year ended December 31, 2013.

	Letters of Credit
	As of June 30, 2014, we have approximately $9.5 million in outstanding letters of credit, see Note 11 for more information.

	Contingencies
	On June 26, 2014, U.S. Customs and Border Protection (CBP) issued pre-penalty notifications to us and two of our affiliates alleging failure to properly report the importation of spare parts consumed by our vessels covering the period April 2008 through September 2012. CBP’s proposed duty is approximately $2.1 million along with a proposed penalty on the assessment of approximately $8.4 million. The basis of CBP’s assessment is that the U. S. Government experienced a loss of revenue consisting of the difference between the government’s ad valorem duty and the consumption entry duty actually paid by the Company. The Company denies violating the applicable U.S. statute or regulations and plans to formally respond to the June 26, 2014 notices within the allowable response period, which is currently through September 26, 2014. We have not accrued a liability for this matter because the case is ongoing and we do not yet consider it probable that we will incur a loss.

Employee_Benefit_Plans

Employee Benefit Plans	6 Months Ended
Employee Benefit Plans	Jun. 30, 2014
Employee Benefit Plans [Abstract]	'
Employee Benefit Plans	'
	Note 9. 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 June 30, 2014 and 2013:


			Pension Plan				Postretirement Benefits
	(All Amounts in Thousands)		Three Months Ended June 30,				Three Months Ended June 30,
	Components of net periodic benefit cost:		2014		2013		2014		2013
	Service cost	$	155	$	190	$	4	$	6
	Interest cost		381		336		144		119
	Expected return on plan assets		-571		-557		-		-
	Amortization of prior service cost		-1		-1		25		25
	Amortization of Net Loss		1		223		-1		63
	Net periodic benefit cost	$	-35	$	191	$	172	$	213






	The following table provides the components of net periodic benefit cost for our pension plan and postretirement benefits plan for the six months ended June 30, 2014 and 2013:



			Pension Plan				Postretirement Benefits
	(All Amounts in Thousands)		Six Months Ended June 30,				Six Months Ended June 30,
	Components of net periodic benefit cost:		2014		2013		2014		2013
	Service cost	$	309	$	380	$	7	$	12
	Interest cost		762		672		289		238
	Expected return on plan assets		-1,226		-1,114		-		-
	Amortization of prior service cost		-1		-2		50		50
	Amortization of Net Loss		64		447		87		126
	Net periodic benefit cost	$	-92	$	383	$	433	$	426

	We contributed $300,000 to our pension plan for the six months ended June 30, 2014. Based on current conditions, we expect to contribute an additional $300,000 before December 31, 2014.

Derivative_Instruments

Derivative Instruments

6 Months Ended

Jun. 30, 2014

Derivative Instruments [Abstract]

Derivative Instruments

Note 10. 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 through other comprehensive income and 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 $3.9 million in the aggregate for all of our contracts as of June 30, 2014. The unrealized loss related to our derivative instruments included in accumulated other comprehensive loss, net of taxes, was $4.3 million as of both June 30, 2014 and December 31, 2013.

The notional and fair value amounts of our derivative instruments as of June 30, 2014 were as follows:

Asset Derivatives

Liability Derivatives

2014

Current Notional

Balance Sheet

Fair Value

Balance Sheet

Fair Value

(All Amounts in Thousands)

Amount

Location

Interest Rate Swaps - L/T*

46,482

Other Liabilities

-3,895

Foreign Exchange Contracts

3,392

Other Current Assets

Foreign Exchange Contracts

28,219

Other Assets

344

Total Derivatives designated as hedging instruments

78,093

413

($3,895)

*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 $46.5 million (based on a Yen to USD exchange rate of 101.33 as of June 30, 2014). 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 is reflected in our statement of income (loss) for the second quarter of 2014 as a $18,000 loss. The fair value balance as of June 30, 2014, includes a negative $555,000 balance related to an interest rate swap associated with our 25% investment in Oslo Bulk AS.

The effect of derivative instruments designated as cash flow hedges on our condensed consolidated statement of income (loss) for the six months ended June 30, 2014 were as follows:

Gain(Loss) Recognized in OCI*

Location of Gain(Loss) Reclassified from AOCL** to Income

Amount of Gain(Loss) Reclassified from AOCL to Income

Gain/(Loss) Recognized in Income from Ineffective portion

(All Amounts in Thousands)

2014

Interest Rate Swaps

-35

Interest Expense

711

-32

Foreign Exchange Contracts

Other Revenues

149

Total

-35

860

-32

* Other Comprehensive (Loss) Income

**Accumulated Other Comprehensive Loss

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 swap as an asset or liability on the balance sheet. Currently, our interest rate swap is accounted for as an effective cash flow hedge with the exception of a small portion of one contract. Accordingly, the effective portion of the change in fair value of the swap is recorded in Other Comprehensive Income (Loss).

As of June 30, 2014, we had the following interest rate swap contract outstanding:

(All Amounts in Thousands)

Effective

Termination

Current

Date

Notional Amount*

Swap Rate

Type

3/15/09

9/15/20

46,482

2.065

Variable-to-Fixed

Total:

46,482

*Notional amount converted from Yen at June 30, 2014 at a Yen to USD exchange rate of 101.33.

Foreign Currency Contracts

We enter into foreign exchange contracts to hedge certain firm foreign currency purchase commitments. During 2013, we entered into two forward purchase contracts for Mexican Pesos, which expire in December 2014. The first was for Mexican Pesos of $1.2 million U.S. Dollar equivalents at an exchange rate of 13.6103 and the second was for Mexican Pesos of $600,000 U.S. Dollar equivalents at an exchange rate of 13.3003. Our Mexican Peso foreign exchange contracts cover 60% of our projected Peso exposure.

In December 2013, we entered into three forward foreign exchange contracts totaling approximately 3.3 billion Yen in order to limit our exposure to currency fluctuations and to provide us with the option to fully pay off our current Yen Facility at an approximate exchange rate of 102.53 to $1.00. One of these contracts was exercised in March 2014 and one was exercised in June 2014. The remaining July contract for 3.1 billion Yen was rolled forward under four contracts, three of which coincide to the next three scheduled quarterly loan installments on September 2014, December 2014, and March 2015 of approximately 85 million Yen each with the remaining 2.885 billion Yen maturing in April 2015. Entering into these four contracts allows us to limit our exposure to currency fluctuations and provide us with the option to fully pay off our current Yen Facility at an approximate exchange rate of 102.26 to $1.00. These remaining contracts and related agreements with the current lender give us the option to convert the Yen Facility into a USD-based Facility with the current lender at this fixed exchange rate, but otherwise on the same terms and with the same collateral. As of the date of this report, we have not yet decided if or when to exercise this loan conversion option. These particular forward foreign exchange contracts do not qualify for hedge accounting treatment and are thus accounted for as economic hedges.

The following table summarizes the current notional values as of June 30, 2014, of these contracts:

(All Amounts in Thousands)

Transaction Date

Type of Currency

Amount Available in Dollars

Effective Date

Expiration Date

13-Nov

Peso

300

14-Jan

14-Dec

14-May

Yen

830

14-May

14-Sep

14-May

Yen

831

14-May

14-Dec

14-May

Yen

832

14-May

15-Mar

14-May

Yen

28,219

14-May

15-Apr

13-Aug

Peso

600

14-Jan

14-Dec

31,612

LongTerm_Debt

Long-Term Debt	6 Months Ended
Long-Term Debt	Jun. 30, 2014
Long-Term Debt [Abstract]	'
Long-Term Debt	'




	Note 11. Long-Term Debt
	On September 24, 2013, we entered into a new 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. The Credit Facility has 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 revolving credit 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 revolving credit 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 are being amortized over the term of the Credit Facility.

	As of the dates indicated below, long-term debt consisted of the following:



			Interest Rate					Total Principal Due
	(All Amount in Thousands)		June 30,		December 31,		Maturity	June 30,		December 31,
	Description		2014		2013		Date	2014		2013
	Secured:
	Notes Payable – Variable Rate	-1	2.7310	%	2.7451	%	2018	$	13,743	$	15,460
	Notes Payable – Variable Rate		2.7304	%	2.7400	%	2018		43,240		45,081
	Notes Payable – Variable Rate		2.5009	%	2.5188	%	2017		10,263		11,383
	Notes Payable – Variable Rate		2.9036	%	2.9181	%	2018		11,360		12,780
	Notes Payable – Variable Rate	-1	2.7286	%	2.7384	%	2018		16,022		16,651
	Notes Payable – Variable Rate	-2	3.6400	%	2.8964	%	2020		30,993		31,437
	Notes Payable – Variable Rate	-3	3.9900	%	3.7500	%	2018		43,313		44,437
	Secured Line of Credit	-3	3.9009	%	3.6700	%	2018		31,000		21,000
									199,934		198,229
			Less Current Maturities						-19,902		-19,213
								$	180,032	$	179,016


		1		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 Capesize vessel and a Supramax 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 in January 2012.
		2		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 5.565%. The swap agreement is for the same term as the associated note payable.
		3		As described in greater detail above, our senior secured 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 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.

	All of our principal credit agreements and operating leases require us to comply with various loan covenants, including financial covenants that require minimum levels of net worth, working capital, liquidity, and interest expense or fixed charges coverage and a maximum amount of debt leverage. During first quarter of 2014, there was concern that we would be unable to meet all of our required debt covenants for the quarter. As of March 31, 2014, our principal senior secured lenders and two of our lessors agreed to, among other things, defer the date upon which we are required to attain a more stringent leverage ratio and increased liquidity from December 31, 2013 to June 30, 2014. Under these terms, we are required to maintain a consolidated leverage ratio of 4.50 to 1.0 through the fiscal quarter ending June 30, 2014, and 4.25 to 1.0 thereafter, and liquidity of not less than $15 million through June 30, 2014 and $20 million thereafter. As of June 30, 2014, we were in compliance with all of our debt covenants.
	Based on our expectations for improved performance over the next twelve months, we currently believe that we will be able to attain all of our financial covenants through the end of 2014.
	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 believe that we have consistently remained in compliance with this provision of these loan agreements.

Other_Long_Term_Liabilities

Other Long Term Liabilities	6 Months Ended
Other Long Term Liabilities	Jun. 30, 2014
Other Long Term Liabilities [Abstract]	'
Other Long Term Liabilities	'
	Note 12. Other Long Term Liabilities


			June 30,		December 31,
	(All Amounts in Thousands)		2014		2013
	Deferred Gains, net of Amortization	$	31,298	$	34,009
	Pension and Post Retirement		10,110		10,339
	Alabama Lease Incentive		6,313		6,887
	Insurance Reserves		4,755		5,521
	Derivatives		3,895		4,412
	Other		2,283		4,138
		$	58,654	$	65,306

Stock_Based_Compensation

Stock Based Compensation	6 Months Ended
Stock Based Compensation	Jun. 30, 2014
Stock Based Compensation [Abstract]	'
Stock Based Compensation	'
	Note 13. Stock Based Compensation
	We grant stock-based compensation in the form of (1) unrestricted stock awards to our independent Board of Directors and (2) restricted stock units (“RSUs”) to key executive personnel. These awards are granted under the International Shipholding Corporation 2011 Stock Incentive Plan (the “Plan”), which was approved by our stockholders in 2011.






	Unrestricted Stock Awards
	On January 15, 2013, we granted our independent directors an aggregate of 6,708 unrestricted shares of common stock from the Plan. On January 14, 2014, we granted our independent directors an aggregate of 4,470 unrestricted shares of common stock from the Plan. For the six months ended June 30, 2014 and 2013, our net income reflected approximately $60,000 of stock-based compensation expense charges related to these issuances, which had no effect on either basic or diluted earnings per share.
	A summary of the activity for stock awards during the six months ended June 30, 2014, is as follows:





		2014
		Shares			Weighted Average Fair Value Per Share
	Non-vested - December 31, 2013	-			-
	Unrestricted Shares Granted	4,470		$	26.80
	Shares Vested	-4,470		$	26.80
	Non-vested - June 30, 2014	-			-



	Restricted Stock Units
	General Terms
	We grant restricted stock units to key executive personnel under the Plan. Each year, we have granted awards that vest based on continued service (“Time-Based RSUs”) as well as awards that vest based on a combination of performance metrics and continued service (“Performance-Based RSUs”). Our Time-Based RSUs generally vest one-third per year over a three-year period. Each of our Performance-Based RSUs represents the right to receive a maximum of one-and-a-half shares of common stock, depending upon performance. We grant two types of Performance-Based RSUs – one for which vesting is contingent upon an absolute metric, earnings per share (our “Absolute Performance-Based RSUs”), and another for which vesting is contingent upon our performance as measured against a relative metric, relative total shareholder return (our “Relative Performance-Based RSUs”)
	For our top four executives, their Absolute Performance-Based RSUs vest and pay out in the year following the grant. For each other recipient, the Absolute Performance-Based RSUs vest and pay out one-third per year over the three years following grant, based on the achievement of the metric in the first year. With respect to the Relative Performance-Based RSUs, vesting is contingent upon our total stockholder return for a given period as compared to the companies comprising the Russell 2000 index for the same period. For our top four executives, the performance of their Relative Performance-Based RSUs is measured over a one-year period (the calendar year of the grant), while for each other recipient the performance of their Relative Performance-Based RSUs is measured at the end of the third year (through December 31 of the third year following the grant). For all RSUs, vesting is contingent upon continued employment with the Company except in certain limited circumstances.
	For the three months ended June 30, 2014 and 2013, our net income reflected $355,000 and $418,000, respectively, of RSU stock-based compensation expense charges. For the six months ended June 30, 2014 and 2013, our net income reflected $771,000 and $661,000, respectively, of RSU stock-based compensation expense charges.

	2012 Grants
	In 2012, we achieved maximum performance on our Absolute Performance-Based RSUs, and 21,564 shares of common stock vested and were paid out in 2013. In May 2014, an additional 1,500 shares vested and were paid out. The remaining 1,500 RSUs will vest and pay out in May 2015. With respect to our Relative Performance-Based RSUs, for our top four executives, whose awards were measured over a one-year performance period, our relative rank was in the 27th percentile, and therefore those awards paid out at 53% of grant (21,564 shares of common stock) in 2013. Vesting of the remainder of Relative Performance-Based RSUs granted in 2012 is based on our relative TSR rank over a three-year measurement period, and therefore those 1,500 RSUs will vest and be paid out in 2015 based on our relative performance as determined following the end of the performance period (December 31, 2014).

	2013 Grants
	In 2013, we achieved maximum performance on our Absolute Performance-Based RSUs, and 8,450 shares of common stock vested and paid out on May 7, 2014. The remaining 3,525 RSUs will vest and pay out ratably in May 2015 and 2016. With respect to our Relative Performance-Based RSUs, for our top four executives, whose awards were measured over a one-year performance period, our relative rank was in the 79th percentile, and therefore those awards paid out at 150% of grant (20,064 shares of common stock) on May 7, 2014. The remainder of Relative Performance-Based RSUs granted in 2013 will vest based on our relative TSR rank over a three-year measurement period, and therefore those 3,525 RSUs will be vest and be paid out in 2016 based on our relative performance as determined following the end of the performance period (December 31, 2015).

	2014 Grants
	On January 28, 2014, we granted 7,950 Time-Based RSUs, 17,351 Absolute Performance-Based RSUs, and 17,349 Relative Performance-Based RSUs.

	Fair Values
	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 2014, 2013, and 2012 awards, we used the closing market price of our stock on January 28, 2014, April 23, 2013, and May 7, 2012 which was $25.95, $17.66, and $19.35 per share, respectively. The performance based RSUs are subject to vesting upon two different performance metrics: an Absolute Performance-Based metric based on targeted earnings per share and a Relative Performance-Based 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-Based 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. We measured our Relative Performance-Based RSUs based on market conditions on the grant date. In order to derive the fair value of these awards, we used a Monte-Carlo simulation statistical technique 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 2014, 2013, and 2012 all provide for one year vesting (for the top four named executive officers) and three year vesting (for 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:


		2014 Awards							2013 Awards						2012 Awards
		1 Year Vest				3 Year Vest			1 Year Vest			3 Year Vest			1 Year Vest			3 Year Vest
	Stock Price	$	25.95			$	25.95		$	17.66		$	17.66		$	19.35		$	19.35
	Expected Volatilities		44.30	%			40.02	%		33.50	%		37.03	%		44.31	%		40.50	%
	Correlation Coefficients		0.374				0.554			0.473			0.625			0.719			0.694
	Risk Free Rate		0.10	%			0.72	%		0.10	%		0.31	%		0.16	%		0.34	%
	Dividend Yield		3.85	%			3.85	%		5.70	%		5.70	%		5.17	%		5.17	%
	Simulated Fair Value	$	23.03			$	25.46		$	15.33		$	16.57		$	17.73		$	18.88
	Fair Value as a % of Grant		88.74	%			98.10	%		86.81	%		93.83	%		91.63	%		97.57	%

	Our operating results, net income (loss) and net income (loss) 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 June 30,						Six Months ended June 30,
	2014			2013			2014		2013
Stock-Based Compensation
Expense:
Stock Grants to Board of Directors	$	30,000		$	30,000		$	60,000	$	60,000
RSUs Awards to Officers	$	355,000		$	418,000		$	771,000	$	661,000
Related Reduction in
Earnings Per Share 1	$	-0.03		$	-0.02		$	-0.07	$	-0.05
1 Same for basic and diluted earnings per share


In all cases, vesting is contingent upon continued employment with the company. A summary of the activity for the restricted stock awards during the six months ended June 30, 2014 is as follows:


	Number of RSU's			Weighted Average Grant Date Fair Value
Non-vested - December 31, 2013	131,100		$	18.77
Additional Awards Granted	15,138			16.63
Awards Granted	42,650			24.99
Awards Exercised	-48,849			24.97
Awards Cancelled	-25,639			24.97
Non-vested - June 30, 2014	114,400		$	22.07

Stockholders_Equity

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Jun. 30, 2014
Stockholders' Equity [Abstract]	'
Stockholders' Equity	'




	Note 14. Stockholders’ Equity
	A summary of the changes in Stockholders’ equity for the six months ended June 30, 2014, is as follows:



				Stockholders'
	(All Amounts in Thousands)			Equity
	Balance December 31, 2013		$	336,540
	Net Loss			-3,881
	Common Stock Dividends*			-3,715
	Preferred Stock Dividends			-2,611
	Unrealized Foreign Currency Translation Gain			17
	Net Change in Fair Value of Derivatives			-35
	Net Change in Funding Status of Defined Benefit Plan			151
	Issuance of stock-based compensation			192
	Balance June 30, 2014		$	326,658
	*Includes $76,000 of dividends accrued but not paid during the period


	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 June 30, 2014:



	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
	April 1, 2014 - April 30, 2014	-	-	-	285,377
	May 1, 2014 - May 31, 2014	-	-	-	285,377
	June 1, 2014 - June 30, 2014	-	-	-	285,377





	Dividend Payments
	During the six months ended June 30, 2014, we paid cash dividends in respect to our common stock as follows:



	(All Amounts in Thousands Except per Share Data )							Total
					Per Share			Dividend
	Record Date		Payment Date		Amount			Paid
	17-Feb-14		3-Mar-14	$	0.250		$	1,813
	16-May-14		3-Jun-14	$	0.250			1,826
							$	3,639


	During the six months ended June 30, 2014, we paid cash dividends in respect of our Series A and Series B Cumulative Perpetual Preferred Stock as follows:







	(All Amounts in Thousands Except per Share Data )							Total
					Per Share			Dividend
	Record Date	Series	Payment Date		Amount			Paid
29-Jan-14	A	30-Jan-14	$	2.375		$	594
29-Jan-14	B	30-Jan-14	$	2.250			712
29-Apr-14	A	30-Apr-14	$	2.375			594
29-Apr-14	B	30-Apr-14	$	2.250			711
						$	2,611

Preferred_Stock

Preferred Stock	6 Months Ended
Preferred Stock	Jun. 30, 2014
Preferred Stock [Abstract]	'
Preferred Stock	'
	Note 15. 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. However, the dividends are payable only if declared by our Board of Directors and must come from funds legally available for dividend payments. On January 7, 2014, 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 January 29, 2014, which was paid on January 30, 2014. On April 9, 2014, 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 April 29, 2014, which was paid on April 30, 2014. On July 7, 2014, the Board of Directors declared a dividend of $2.375 per share on our 9.5% Series A Cumulative Perpetual Preferred Stock to preferred stockholders of record on July 29, 2014, which was paid on July 30, 2014. As of June 30, 2014, 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, are not subject to any sinking fund or other mandatory redemption, and are not 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. However, the dividends are payable only if declared by our board of directors and must come from funds legally available for dividend payments. On January 7, 2014, 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 January 29, 2014, which was paid on January 30, 2014. On April 9, 2014, 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 April 29, 2014, which was paid on April 30, 2014. On July 7, 2014, the Board of Directors declared a dividend of $2.25 per share 9.0% Series B Cumulative Perpetual Preferred Stock to preferred stockholders of record on July 29, 2014, which was paid on July 30, 2014. As of June 30, 2014, 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, are not subject to any sinking fund or other mandatory redemption, and are not 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.

Changes_In_Accumulated_Other_C

Changes In Accumulated Other Comprehensive Loss	6 Months Ended
Changes In Accumulated Other Comprehensive Loss	Jun. 30, 2014
Changes In Accumulated Other Comprehensive Loss [Abstract]	'
Changes In Accumulated Other Comprehensive Loss	'




	Note 16. Changes in Accumulated Other Comprehensive Loss

	Changes in Accumulated Other Comprehensive Loss by Component
	For the three months ending June 30, 2014



	(All Amounts in Thousands)				Gains and Losses on Derivatives Fair Value *			Unrealized Translation (Loss) Income			Defined Benefit Pension Items			Total

	Beginning balance April 1, 2014			$	-4,270		$	-439		$	-9,042		$	-13,751
		Other comprehensive income (loss)
		before reclassification			326			42			-			368
		Amount reclassified from accumulated
		other comprehensive income (loss)			-370			-			-24			-394
	Net current-period other
	comprehensive income (loss)				-44			42			-24			-26

	Ending balance as of June 30, 2014			$	-4,314		$	-397		$	-9,066		$	-13,777

	*The fair value balance as of June 30, 2014, includes a negative $555,000 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.


	Reclassifications out of Accumulated Other Comprehensive Loss
	For the three months ending June 30, 2014




	(All Amounts in Thousands)
	Details about Accumulated Other Comprehensive Loss Components				Amount Reclassified from Accumulated Other Comprehensive Loss		Affected Line Item in the Statement Where Net Income (Loss) is Presented

	Gains and losses on derivatives fair value

		Interest rate contracts		$	-352		Interest expense
		Foreign exchange contracts			-18		Other revenues
					-370		Total before tax
					-		Tax (expense) or benefit
					-370		Net of tax
	Amortization of defined benefit pension items
		Prior service costs			-26		A&G Expense
		Actuarial losses			51		A&G Expense
					25		Total before tax
					-49		Tax (expense) or benefit
					-24		Net of tax
	Total reclassifications for the period			$	-394		Net of tax






	Changes in Accumulated Other Comprehensive Loss by Component
	For the three months ending June 30, 2013




	(All Amounts in Thousands)				Gains and Losses on Derivatives Fair Value *			Unrealized Translation (Loss) Income			Defined Benefit Pension Items			Total

Beginning balance April 1, 2013			$	-6,805		$	-310		$	-16,933		$	-24,048
	Other comprehensive income
	before reclassification			620			206			-			826
	Amount reclassified from accumulated
	other comprehensive income			342			-			310			652
Net current-period other
comprehensive income				962			206			310			1,478

Ending balance as of June 30, 2013			$	-5,843		$	-104		$	-16,623		$	-22,570

*The fair value balance as of June 30, 2013, includes a negative $722,503 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.


Reclassifications out of Accumulated Other Comprehensive Loss
For the three months ending June 30, 2013



(All Amounts in Thousands)
Details about Accumulated Other Comprehensive Loss Components				Amount Reclassified from Accumulated Other Comprehensive Loss		Affected Line Item in the Statement Where Net Income (Loss) is Presented

Gains and losses on derivatives fair value

	Interest rate contracts		$	248		Interest expense
	Foreign exchange contracts			94		Other revenues
				342		Total before tax
				-		Tax (expense) or benefit
				342		Net of tax
Amortization of defined benefit pension items
	Prior service costs			24		A&G Expense
	Actuarial losses			286		A&G Expense
				310		Total before tax
				-		Tax (expense) or benefit
				310		Net of tax
Total reclassifications for the period			$	652		Net of tax





Changes in Accumulated Other Comprehensive Loss by Component
For the six months ending June 30, 2014




(All Amounts in Thousands)				Gains and Losses on Derivatives Fair Value *			Unrealized Translation (Loss) Income			Defined Benefit Pension Items			Total

Beginning balance as of January 1, 2014			$	-4,279		$	-414		$	-9,217		$	-13,910
	Other comprehensive income (loss)
	before reclassification			793			17			-			810
	Amount reclassified from accumulated
	other comprehensive income (loss)			-828			-			151			-677
Net current-period other
comprehensive income (loss)				-35			17			151			133

Ending balance as of June 30, 2014			$	-4,314		$	-397		$	-9,066		$	-13,777


*The fair value balance as of June 30, 2014, includes a negative $555,000 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.


Reclassifications out of Accumulated Other Comprehensive Loss
For the six months ending June 30, 2014




(All Amounts in Thousands)
Details about Accumulated Other Comprehensive Loss Components				Amount Reclassified from Accumulated Other Comprehensive Loss		Affected Line Item in the Statement Where Net Income (Loss) is Presented

Gains and losses on derivatives fair value
	Interest rate contracts		$	-679		Interest expense
	Foreign exchange contracts			-149		Other revenues
				-828		Total before tax
				-		Tax (expense) or benefit
				-828		Net of tax
Amortization of defined benefit pension items
	Prior service costs			49		A&G Expense
	Actuarial losses			151		A&G Expense
				200		Total before tax
				-49		Tax (expense) or benefit
				151		Net of tax
Total reclassifications for the period			$	-677		Net of tax






Changes in Accumulated Other Comprehensive Loss by Component
For the six months ending June 30, 2013




(All Amounts in Thousands)				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 income
	before reclassification			795			246			-			1,041
	Amount reclassified from accumulated
	other comprehensive income			714			-			621			1,335
Net current-period other
comprehensive income				1,509			246			621			2,376

Ending balance as of June 30, 2013			$	-5,843		$	-104		$	-16,623		$	-22,570


*The fair value balance as of June 30, 2014, includes a negative $722,503 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.


Reclassifications out of Accumulated Other Comprehensive Loss
For the six months ending June 30, 2013



(All Amounts in Thousands)
Details about Accumulated Other Comprehensive Loss Components				Amount Reclassified from Accumulated Other Comprehensive Loss		Affected Line Item in the Statement Where Net Income (Loss) is Presented

Gains and losses on derivatives fair value
	Interest rate contracts		$	649		Interest expense
	Foreign exchange contracts			65		Other revenues
				714		Total before tax
				-		Tax (expense) or benefit
				714		Net of tax
Amortization of defined benefit pension items
	Prior service costs			48		A&G Expense
	Actuarial losses			573		A&G Expense
				621		Total before tax
				-		Tax (expense) or benefit
				621		Net of tax
Total reclassifications for the period			$	1,335		Net of tax

Earnings_Per_Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'




	Note 17. 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:
	(All Amounts in Thousands Except per Share Data)

		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
	Numerator
	Net (Loss) Income	$	-664	$	1,859	$	-3,881	$	3,512
	Preferred Stock Dividends		-1,305		-594		-2,611		-845
	Net (Loss) Income Available to Common Stockholders	$	-1,969	$	1,265	$	-6,492	$	2,667
	Denominator
	Weighted Average Shares of Common Stock
	Outstanding:
	Basic		7,281,807		7,239,780		7,267,023		7,226,415
	Plus:
	Effect of dilutive restrictive stock		-		23,426		-		21,962
	Diluted		7,281,807		7,263,206		7,267,023		7,248,377
	Basic Earnings Per Common Share:
	Net (Loss) Income per share - Basic	$	-0.27	$	0.17	$	-0.89	$	0.37
	Net (Loss) Income per share - Diluted:	$	-0.27	$	0.17	$	-0.89	$	0.37

Fair_Value_Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2014
Fair Value Measurements [Abstract]	'
Fair Value Measurements	'
	Note 18. 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 June 30, 2014, segregated by the above-described levels of valuation inputs:



	(All Amounts in Thousands)		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value

	Derivative Assets	$	-	$	413	$	-	$	413
	Derivative Liabilities	$	-	$	-3,895	$	-	$	-3,895

	The carrying amounts of our accounts receivable, accounts payable and accrued liabilities approximated their fair value at June 30, 2014 and December 31, 2013. We estimated the fair value of our variable rate long-term debt at June 30, 2014, including current maturities, to equal approximately $199.9 million due to the variable rate nature of the debt as well as to the underlying value of the collateral. We have determined that credit risk is not a material factor.

New_Accounting_Pronouncements

New Accounting Pronouncements	6 Months Ended
New Accounting Pronouncements	Jun. 30, 2014
New Accounting Pronouncements [Abstract]	'
New Accounting Pronouncements	'
	Note 19. New Accounting Pronouncements
	In May 2014, the Financial Accounting Standard Board (“FASB”) issued ASU 2014-09, “Revenue from Contracts with Customers”, to amend Accounting Standards Codification Topic 605, “Revenue Recognition”. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning on or after December 15, 2016. Early adoption is not permitted. We are currently evaluating the impact of the adoption of this standard.
	In June 2014, the FASB issued ASU 2014-12, “Compensation – Stock Compensation”, to give explicit guidance on whether to treat a performance target that could be achieved after the requisite service period as a performance condition that affects vesting or as a nonvesting condition that affects the grant-date fair value of an award. ASU 2014-12 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The effective date is the same for both public business entities and all other entities. We are currently evaluating the impact of the adoption of this standard.

Prior_Period_Revision

Prior Period Revision	6 Months Ended
Prior Period Revision	Jun. 30, 2014
Prior Period Revision [Abstract]	'
Prior Period Revision	'
	Note 20. Prior Period Revision

	In the first quarter of 2014, we elected to revise our prior year financial statements in accordance with Accounting Bulletin No. 108 (SAB 108) for three previously uncorrected misstatements which impacted the fourth quarter of 2013. The corrections are immaterial to our financial statements for the period ended December 31, 2013. Accordingly, we corrected the balance sheet impact of these errors by revising our previously issued financial statements in our first quarter 10-Q filing. The first revision related to the cutoff of voyage revenues which resulted in a decrease in revenue and a decrease in voyage expenses for a net adjustment to pre-tax income of $70,000. The second correction related to the classification of the short-term and long-term portions of a related party note receivable. This revision decreased our short term note receivable and increased our long term note receivable by $275,000. The third revision related to an increase in our long-term deferred tax assets and a decrease to our deferred income tax expense by $305,000. The total effect of the revisions on retained earnings was an increase of $375,000 for the year ended December 31, 2013. The income statement effect of these entries will be revised in our financial statements for the twelve month period ended December 31, 2013 when the 2013 income statement or related data derived there from is included in one of our subsequent filings under the federal security laws. The financial statement line items impacted by these revisions by more than 1% are presented in the table below in thousands:

				2013
	Financial Statement Line Item	Dollar Impact		As Previously Reported		% Impact		2013 As Revised
	Provision (Benefit) for Income Taxes	$	-305	$	-11,963	2.54	%	$	-12,268
	Net Income	$	375	$	18,157	2.07	%	$	18,532
	Comprehensive Income	$	375	$	29,163	1.2	%	$	29,538

	Note: The impact of these revisions on Revenue, Voyage Expense, Total Operating Expenses, Operating Income, Income Before Provision (Benefit) for Income Taxes and Equity in Net Loss of Unconsolidated Entities, Retained Earnings, Stockholders’ Equity, Current Assets, Non-Current Assets, Current Liabilities, and Non-Current Liabilities was less than 1% of each line item, respectively.

Subsequent_Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 21. Subsequent Events
	During the second quarter of 2014, we executed two indicative term sheets with lenders for the proposed refinancing of a 1999 International Flag PCTC vessel and the repurchase of a 2007 U.S. Flag PCTC vessel pursuant to a negotiated purchase option under its current operating lease. The 2007 PCTC vessel was previously sold and leased back to us in the first quarter of 2012. Both of the above transactions allows us to take advantage of attractive interest rates and extend the period of our payment obligations relating to these vessels. As currently proposed, each of the new facilities would extend our payment maturities out to the third quarter of 2020 and 2021, respectively. We expect to enter into definitive documents with respect to both of these facilities in the third quarter of 2014, but cannot provide any assurances to this effect.
	As previously disclosed, we are in the process of moving our Corporate Headquarters back to the city of New Orleans. In the first quarter of 2014, we purchased a historical building with plans to renovate and expand the facility. In order to finance a portion of the new construction, we have executed an indicative term sheet with a lender which grants us an option to convert the construction loan to a ten-year loan. We expect to enter into definitive loan documents by the end of the year, but cannot provide any assurances to this effect. We anticipate that the building renovation and expansion will be completed prior to the end of 2015.

Operating_Segments_Tables

Operating Segments (Tables)	6 Months Ended
Operating Segments (Tables)	Jun. 30, 2014
Operating Segments [Abstract]	'
Segment Profit And Loss	'


	(All Amounts in Thousands)		Jones Act			Pure Car Truck Carriers			Dry Bulk Carriers			Rail Ferry			Specialty Contracts			Other			Total
	2014
	Fixed Revenue	$	33,216		$	15,295		$	1,758		$	-		$	8,487		$	-		$	58,756
	Variable Revenue		-			3,858			3,505			9,739			911			-17			17,996
	Total Revenue from External Customers		33,216			19,153			5,263			9,739			9,398			-17			76,752
	Intersegment Revenues (Eliminated)		-			-			-			-			-			-4,321			-4,321
	Intersegment Expenses Eliminated		-			-			-			-			-			4,321			4,321
	Voyage Expenses		27,181			16,903			3,412			7,870			8,446			-487			63,325
	Loss (Income) of Unconsolidated Entities		-			-			89			39			-48			-			80
	Gross Voyage Profit	$	6,035		$	2,250		$	1,762		$	1,830		$	1,000		$	470		$	13,347

	Gross Voyage Profit Margin		18	%		12	%		33	%		19	%		11	%		2765	%		17	%

	2013
	Fixed Revenue	$	27,725		$	16,804		$	665		$	-		$	5,835		$	-		$	51,029
	Variable Revenue		-			8,286			4,188			9,523			1,671			200			23,868
	Total Revenue from External Customers		27,725			25,090			4,853			9,523			7,506			200			74,897
	Intersegment Revenues (Eliminated)		-			-			-			-			-			-5,519			-5,519
	Intersegment Expenses Eliminated		-			-			-			-			-			5,519			5,519
	Voyage Expenses		22,204			20,453			4,473			7,762			6,539			77			61,508
	Loss of Unconsolidated Entities		-			-			7			68			-			-			75
	Gross Voyage Profit	$	5,521		$	4,637		$	373		$	1,693		$	967		$	123		$	13,314

	Gross Voyage Profit Margin		20	%		18	%		8	%		18	%		13	%		62	%		18	%






	The following table presents information about segment profit and loss for the six months ended June 30, 2014 and 2013:

	RESULTS OF OPERATIONS
	SIX MONTHS ENDED June 30, 2014
	COMPARED TO THE SIX MONTHS ENDED June 30, 2013





	(All Amounts in Thousands)		Jones Act			Pure Car Truck Carriers			Dry Bulk Carriers			Rail Ferry			Specialty Contracts			Other			Total
	2014
	Fixed Revenue	$	62,315		$	30,911		$	3,284		$	-		$	17,188		$	-		$	113,698
	Variable Revenue		-			7,799			7,094			17,667			3,158			30			35,748
	Total Revenue from External Customers		62,315			38,710			10,378			17,667			20,346			30			149,446
	Intersegment Revenues(Eliminated)		-			-			-			-			-			-8,642			-8,642
	Intersegment Expenses Eliminated		-			-			-			-			-			8,642			8,642
	Voyage Expenses		52,057			34,101			7,055			14,912			18,646			-814			125,957
	Loss (Income) of Unconsolidated Entities		-			-			169			67			-48			-			188
	Gross Voyage Profit	$	10,258		$	4,609		$	3,154		$	2,688		$	1,748		$	844		$	23,301

	Gross Voyage Profit Margin		16	%		12	%		30	%		15	%		9	%		2813	%		16	%

	2013
	Fixed Revenue	$	59,579		$	33,757		$	1,538		$	-		$	12,667		$	-		$	107,541
	Variable Revenue					19,207			7,549			18,697			2,526			501			48,480
	Total Revenue from External Customers		59,579			52,964			9,087			18,697			15,193			501			156,021
	Intersegment Revenues (Eliminated)		-			-			-			-			-			-11,038			-11,038
	Intersegment Expenses Eliminated		-			-			-			-			-			11,038			11,038
	Voyage Expenses		47,694			43,926			9,674			15,482			14,037			286			131,099
	Loss of Unconsolidated Entities		-			-			338			7			-			-			345
Gross Voyage Profit (Loss)	$	11,885		$	9,038		$	-925		$	3,208		$	1,156		$	215		$	24,577

Gross Voyage Profit Margin		20	%		17	%		-10	%		17	%		8	%		43	%		16	%



Reconciliation Of The Totals Reported For The Operating Segments	'


		Three Months Ended June 30,						Year to date as of June 30,
	(All Amounts in Thousands)		2014			2013			2014			2013
	Revenues	$	76,752		$	74,897		$	149,446		$	156,021

	Voyage Expenses*		63,325			61,508			125,957			131,099
	Net Loss of Unconsolidated Entities		80			75			188			345

	Gross Voyage Profit		13,347			13,314			23,301			24,577

	Vessel Depreciation		6,517			5,804			13,238			11,575
	Other Depreciation		18			11			36			34

	Gross Profit		6,812			7,499			10,027			12,968

	Other Operating Expenses:
	Administrative and General Expenses		5,232			6,170			10,811			11,603
	Less: Net Loss of Unconsolidated Entities		-80			-75			-188			-345
	Total Other Operating Expenses		5,152			6,095			10,623			11,258

	Operating Income (Loss)	$	1,660		$	1,404		$	-596		$	1,710
	* Includes Intangible Amortization

Inventory_Tables

Inventory (Tables)	6 Months Ended
Inventory (Tables)	Jun. 30, 2014
Inventory [Abstract]	'
Inventory By Class	'


	(All Amounts in Thousands)		June 30,		December 31,
	Inventory Classes		2014		2013
	Spare Parts Inventory	$	4,039	$	3,968
	Fuel Inventory		4,080		4,663
	Warehouse Inventory		2,655		2,691
		$	10,774	$	11,322

Investment_In_Unconsolidated_E1

Investment In Unconsolidated Entities (Tables)	6 Months Ended
Investment In Unconsolidated Entities (Tables)	Jun. 30, 2014
Investment In Unconsolidated Entities [Abstract]	'
Summarized Equity In Net (Loss) Income Of Unconsolidated Entities	'

			Three Months ended June 30,				Six Months Ended June 30,
			2014		2013		2014		2013
	(All Amounts in Thousands)
	Oslo Bulk, AS	$	-25	$	-137	$	-87	$	-97
	Oslo Bulk Holding Pte, Ltd		-64		132		-82		-240
	Terminales Transgolfo, S . A . D E C . V .		-39		-70		-67		-8
	Saltholmen Shipping, Ltd		48		-		48		-
	Total Equity in Net Loss of Unconsolidated Entities	$	-80	$	-75	$	-188	$	-345

Goodwill_Other_Intangible_Asse1

Goodwill, Other Intangible Assets, And Deferred Charges (Tables)	6 Months Ended
	Jun. 30, 2014
Goodwill, Other Intangible Assets, And Deferred Charges [Abstract]	'
Schedule Of Goodwill, Other Intangible Assets, And Deferred Charges	'

	(All Amounts in Thousands)
		Amortization Period		Balance at March 31, 2014		Additions		Amortization		Reclassified		Balance at June 30, 2014
	Indefinite Life Intangibles
	Goodwill	n/a	$	2,735	$	-	$	-	$	-	$	2,735

	Total Indefinite Life Intangibles		$	2,735	$	-	$	-	$	-	$	2,735

	Definite Life Intangibles

	Trade names - FSI	240 months	$	59	$	-	$	-1	$	-	$	58
	Trade names - UOS	96 months		1,505		-		-56		-		1,449
	Customer Relationships - FSI	240 months		391		-		-5		-		386
	Customer Relationships - UOS	96 months		25,772		-		-967		-		24,805

	Total Definite Life Intangibles		$	27,727	$	-	$	-1,029	$	-	$	26,698

	Deferred Charges
	Drydocking Costs	various	$	23,936	$	2,323	$	-4,457	$	482	$	22,284
	Financing Charges and Other	various		2,792		277		-154		76		2,991

	Total Deferred Charges		$	26,728	$	2,600	$	-4,611	$	558	$	25,275




	Amortization expense for intangible assets was approximately $2.1 million and $3.1 million for the six months ended June 30, 2014 and 2013, respectively. Amortization expense for deferred charges was approximately $8.9 million and $4.2 million for the six months ended June 30, 2014 and 2013, respectively. The following table presents the rollforward of goodwill, other intangible assets, and deferred charges as of June 30, 2014:


	(All Amounts in Thousands)
		Amortization Period	Balance at December 31, 2013		Additions		Amortization		Reclassified		Balance at June 30, 2014
	Indefinite Life Intangibles
	Goodwill	n/a	$	2,735	$	-	$	-	$	-	$	2,735

	Total Indefinite Life Intangibles		$	2,735	$	-	$	-	$	-	$	2,735

	Definite Life Intangibles

	Trade names - FSI	240 months	$	60	$	-	$	-2	$	-	$	58
	Trade names - UOS	96 months		1,561		-		-112		-		1,449
	Customer Relationships - FSI	240 months		396		-		-10		-		386
	Customer Relationships - UOS	96 months		26,739		-		-1,934		-		24,805

	Total Definite Life Intangibles		$	28,756	$	-	$	-2,058	$	-	$	26,698

	Deferred Charges
	Drydocking Costs	various	$	26,428	$	4,098	$	-8,591	$	349	$	22,284
	Financing Charges and Other	various		2,881		339		-305		76		2,991

	Total Deferred Charges		$	29,309	$	4,437	$	-8,896	$	425	$	25,275

Employee_Benefit_Plans_Tables

Employee Benefit Plans (Tables)	6 Months Ended
Employee Benefit Plans (Tables)	Jun. 30, 2014
Employee Benefit Plans [Abstract]	'
Components Of Net Periodic Benefit Cost	'


			Pension Plan				Postretirement Benefits
	(All Amounts in Thousands)		Three Months Ended June 30,				Three Months Ended June 30,
	Components of net periodic benefit cost:		2014		2013		2014		2013
	Service cost	$	155	$	190	$	4	$	6
	Interest cost		381		336		144		119
	Expected return on plan assets		-571		-557		-		-
	Amortization of prior service cost		-1		-1		25		25
	Amortization of Net Loss		1		223		-1		63
	Net periodic benefit cost	$	-35	$	191	$	172	$	213






	The following table provides the components of net periodic benefit cost for our pension plan and postretirement benefits plan for the six months ended June 30, 2014 and 2013:



			Pension Plan				Postretirement Benefits
	(All Amounts in Thousands)		Six Months Ended June 30,				Six Months Ended June 30,
	Components of net periodic benefit cost:		2014		2013		2014		2013
	Service cost	$	309	$	380	$	7	$	12
	Interest cost		762		672		289		238
	Expected return on plan assets		-1,226		-1,114		-		-
	Amortization of prior service cost		-1		-2		50		50
	Amortization of Net Loss		64		447		87		126
	Net periodic benefit cost	$	-92	$	383	$	433	$	426

Derivative_Instruments_Tables

Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Derivative Instruments [Abstract]

Notional And Fair Value Of Derivative Instruments

Asset Derivatives

Liability Derivatives

2014

Current Notional

Balance Sheet

Fair Value

Balance Sheet

Fair Value

(All Amounts in Thousands)

Amount

Location

Interest Rate Swaps - L/T*

46,482

Other Liabilities

-3,895

Foreign Exchange Contracts

3,392

Other Current Assets

Foreign Exchange Contracts

28,219

Other Assets

344

Total Derivatives designated as hedging instruments

78,093

413

($3,895)

Derivative Instruments, Effect On Other Comprehensive Income (Loss)

Gain(Loss) Recognized in OCI*

Location of Gain(Loss) Reclassified from AOCL** to Income

Amount of Gain(Loss) Reclassified from AOCL to Income

Gain/(Loss) Recognized in Income from Ineffective portion

(All Amounts in Thousands)

2014

Interest Rate Swaps

-35

Interest Expense

711

-32

Foreign Exchange Contracts

Other Revenues

149

Total

-35

860

-32

* Other Comprehensive (Loss) Income

**Accumulated Other Comprehensive Loss

Interest Rate Derivatives

(All Amounts in Thousands)

Effective

Termination

Current

Date

Notional Amount*

Swap Rate

Type

3/15/09

9/15/20

46,482

2.065

Variable-to-Fixed

Total:

46,482

*Notional amount converted from Yen at June 30, 2014 at a Yen to USD exchange rate of 101.33.

Notional Amount Of Foreign Exchange Contracts

(All Amounts in Thousands)

Transaction Date

Type of Currency

Amount Available in Dollars

Effective Date

Expiration Date

13-Nov

Peso

300

14-Jan

14-Dec

14-May

Yen

830

14-May

14-Sep

14-May

Yen

831

14-May

14-Dec

14-May

Yen

832

14-May

15-Mar

14-May

Yen

28,219

14-May

15-Apr

13-Aug

Peso

600

14-Jan

14-Dec

31,612

LongTerm_Debt_Tables

Long-Term Debt (Tables)	6 Months Ended
Long-Term Debt (Tables)	Jun. 30, 2014
Long-Term Debt [Abstract]	'
Schedule Of Long-Term Debt	'


			Interest Rate					Total Principal Due
	(All Amount in Thousands)		June 30,		December 31,		Maturity	June 30,		December 31,
	Description		2014		2013		Date	2014		2013
	Secured:
	Notes Payable – Variable Rate	-1	2.7310	%	2.7451	%	2018	$	13,743	$	15,460
	Notes Payable – Variable Rate		2.7304	%	2.7400	%	2018		43,240		45,081
	Notes Payable – Variable Rate		2.5009	%	2.5188	%	2017		10,263		11,383
	Notes Payable – Variable Rate		2.9036	%	2.9181	%	2018		11,360		12,780
	Notes Payable – Variable Rate	-1	2.7286	%	2.7384	%	2018		16,022		16,651
	Notes Payable – Variable Rate	-2	3.6400	%	2.8964	%	2020		30,993		31,437
	Notes Payable – Variable Rate	-3	3.9900	%	3.7500	%	2018		43,313		44,437
	Secured Line of Credit	-3	3.9009	%	3.6700	%	2018		31,000		21,000
									199,934		198,229
			Less Current Maturities						-19,902		-19,213
								$	180,032	$	179,016


		1		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 Capesize vessel and a Supramax 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 in January 2012.
		2		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 5.565%. The swap agreement is for the same term as the associated note payable.
		3		As described in greater detail above, our senior secured 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 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.

Other_Long_Term_Liabilities_Ta

Other Long Term Liabilities (Tables)	6 Months Ended
Other Long Term Liabilities (Tables)	Jun. 30, 2014
Other Long Term Liabilities [Abstract]	'
Other Long Term Liabilities	'

			June 30,		December 31,
	(All Amounts in Thousands)		2014		2013
	Deferred Gains, net of Amortization	$	31,298	$	34,009
	Pension and Post Retirement		10,110		10,339
	Alabama Lease Incentive		6,313		6,887
	Insurance Reserves		4,755		5,521
	Derivatives		3,895		4,412
	Other		2,283		4,138
		$	58,654	$	65,306

Stock_Based_Compensation_Table

Stock Based Compensation (Tables)	6 Months Ended
Stock Based Compensation (Tables)	Jun. 30, 2014
Stock Based Compensation [Abstract]	'
Summary Of Activity For Stock Awards	'


		2014
		Shares			Weighted Average Fair Value Per Share
	Non-vested - December 31, 2013	-			-
	Unrestricted Shares Granted	4,470		$	26.80
	Shares Vested	-4,470		$	26.80
	Non-vested - June 30, 2014	-			-



Schedule Of Assumptions Used	'


		2014 Awards								2013 Awards						2012 Awards
		1 Year Vest				3 Year Vest				1 Year Vest			3 Year Vest			1 Year Vest			3 Year Vest
	Stock Price	$	25.95			$	25.95			$	17.66		$	17.66		$	19.35		$	19.35
	Expected Volatilities		44.30	%			40.02	%			33.50	%		37.03	%		44.31	%		40.50	%
	Correlation Coefficients		0.374				0.554				0.473			0.625			0.719			0.694
	Risk Free Rate		0.10	%			0.72	%			0.10	%		0.31	%		0.16	%		0.34	%
	Dividend Yield		3.85	%			3.85	%			5.70	%		5.70	%		5.17	%		5.17	%
	Simulated Fair Value	$	23.03			$	25.46			$	15.33		$	16.57		$	17.73		$	18.88
	Fair Value as a % of Grant		88.74	%			98.10	%			86.81	%		93.83	%		91.63	%		97.57	%


Schedule Of Compensation Expense And Reductions In Earnings Per Share	'


		Three Months ended June 30,						Six Months ended June 30,
		2014			2013			2014			2013
	Stock-Based Compensation
	Expense:
	Stock Grants to Board of Directors	$	30,000		$	30,000		$	60,000		$	60,000
	RSUs Awards to Officers	$	355,000		$	418,000		$	771,000		$	661,000
	Related Reduction in
	Earnings Per Share 1	$	-0.03		$	-0.02		$	-0.07		$	-0.05
	1 Same for basic and diluted earnings per share



Summary Of RSU Activity And Related Information	'


		Number of RSU's			Weighted Average Grant Date Fair Value
	Non-vested - December 31, 2013	131,100		$	18.77
	Additional Awards Granted	15,138			16.63
	Awards Granted	42,650			24.99
	Awards Exercised	-48,849			24.97
	Awards Cancelled	-25,639			24.97
	Non-vested - June 30, 2014	114,400		$	22.07

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	6 Months Ended
Stockholders' Equity (Tables)	Jun. 30, 2014
Stockholders' Equity [Abstract]	'
Summary Of Changes In Stockholders' Equity	'


				Stockholders'
	(All Amounts in Thousands)			Equity
	Balance December 31, 2013		$	336,540
	Net Loss			-3,881
	Common Stock Dividends*			-3,715
	Preferred Stock Dividends			-2,611
	Unrealized Foreign Currency Translation Gain			17
	Net Change in Fair Value of Derivatives			-35
	Net Change in Funding Status of Defined Benefit Plan			151
	Issuance of stock-based compensation			192
	Balance June 30, 2014		$	326,658
	*Includes $76,000 of dividends accrued but not paid during the period


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
	April 1, 2014 - April 30, 2014	-	-	-	285,377
	May 1, 2014 - May 31, 2014	-	-	-	285,377
	June 1, 2014 - June 30, 2014	-	-	-	285,377



Cash Dividends Paid	'



	(All Amounts in Thousands Except per Share Data )						Total
					Per Share		Dividend
	Record Date		Payment Date		Amount		Paid
	17-Feb-14		3-Mar-14	$	0.250	$	1,813
	16-May-14		3-Jun-14	$	0.250		1,826
						$	3,639


	During the six months ended June 30, 2014, we paid cash dividends in respect of our Series A and Series B Cumulative Perpetual Preferred Stock as follows:







	(All Amounts in Thousands Except per Share Data )						Total
					Per Share		Dividend
	Record Date	Series	Payment Date		Amount		Paid
	29-Jan-14	A	30-Jan-14	$	2.375	$	594
	29-Jan-14	B	30-Jan-14	$	2.250		712
	29-Apr-14	A	30-Apr-14	$	2.375		594
	29-Apr-14	B	30-Apr-14	$	2.250		711
						$	2,611

Changes_In_Accumulated_Other_C1

Changes In Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
Changes In Accumulated Other Comprehensive Loss (Tables)	Jun. 30, 2014
Changes In Accumulated Other Comprehensive Loss [Abstract]	'
Changes In Accumulated Other Comprehensive Loss By Component	'


	(All Amounts in Thousands)				Gains and Losses on Derivatives Fair Value *			Unrealized Translation (Loss) Income		Defined Benefit Pension Items		Total

	Beginning balance April 1, 2014			$	-4,270		$	-439	$	-9,042	$	-13,751
		Other comprehensive income (loss)
		before reclassification			326			42		-		368
		Amount reclassified from accumulated
		other comprehensive income (loss)			-370			-		-24		-394
	Net current-period other
	comprehensive income (loss)				-44			42		-24		-26

	Ending balance as of June 30, 2014			$	-4,314		$	-397	$	-9,066	$	-13,777

	*The fair value balance as of June 30, 2014, includes a negative $555,000 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.



	(All Amounts in Thousands)				Gains and Losses on Derivatives Fair Value *			Unrealized Translation (Loss) Income		Defined Benefit Pension Items		Total

	Beginning balance April 1, 2013			$	-6,805		$	-310	$	-16,933	$	-24,048
		Other comprehensive income
		before reclassification			620			206		-		826
		Amount reclassified from accumulated
		other comprehensive income			342			-		310		652
	Net current-period other
	comprehensive income				962			206		310		1,478

	Ending balance as of June 30, 2013			$	-5,843		$	-104	$	-16,623	$	-22,570

	*The fair value balance as of June 30, 2013, includes a negative $722,503 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.




	(All Amounts in Thousands)				Gains and Losses on Derivatives Fair Value *			Unrealized Translation (Loss) Income		Defined Benefit Pension Items		Total

	Beginning balance as of January 1, 2014			$	-4,279		$	-414	$	-9,217	$	-13,910
		Other comprehensive income (loss)
		before reclassification			793			17		-		810
		Amount reclassified from accumulated
		other comprehensive income (loss)			-828			-		151		-677
	Net current-period other
	comprehensive income (loss)				-35			17		151		133

	Ending balance as of June 30, 2014			$	-4,314		$	-397	$	-9,066	$	-13,777


	*The fair value balance as of June 30, 2014, includes a negative $555,000 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.



	(All Amounts in Thousands)				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 income
		before reclassification			795			246		-		1,041
		Amount reclassified from accumulated
		other comprehensive income			714			-		621		1,335
	Net current-period other
	comprehensive income				1,509			246		621		2,376

	Ending balance as of June 30, 2013			$	-5,843		$	-104	$	-16,623	$	-22,570


*The fair value balance as of June 30, 2014, includes a negative $722,503 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.

Reclassifications Out Of Accumulated Other Comprehensive Loss	'

	(All Amounts in Thousands)
	Details about Accumulated Other Comprehensive Loss Components				Amount Reclassified from Accumulated Other Comprehensive Loss		Affected Line Item in the Statement Where Net Income (Loss) is Presented

	Gains and losses on derivatives fair value

		Interest rate contracts		$	-352		Interest expense
		Foreign exchange contracts			-18		Other revenues
					-370		Total before tax
					-		Tax (expense) or benefit
					-370		Net of tax
	Amortization of defined benefit pension items
		Prior service costs			-26		A&G Expense
		Actuarial losses			51		A&G Expense
					25		Total before tax
					-49		Tax (expense) or benefit
					-24		Net of tax
	Total reclassifications for the period			$	-394		Net of tax


	(All Amounts in Thousands)
	Details about Accumulated Other Comprehensive Loss Components				Amount Reclassified from Accumulated Other Comprehensive Loss		Affected Line Item in the Statement Where Net Income (Loss) is Presented

	Gains and losses on derivatives fair value

		Interest rate contracts		$	248		Interest expense
		Foreign exchange contracts			94		Other revenues
					342		Total before tax
					-		Tax (expense) or benefit
					342		Net of tax
	Amortization of defined benefit pension items
		Prior service costs			24		A&G Expense
		Actuarial losses			286		A&G Expense
					310		Total before tax
					-		Tax (expense) or benefit
					310		Net of tax
	Total reclassifications for the period			$	652		Net of tax


	(All Amounts in Thousands)
	Details about Accumulated Other Comprehensive Loss Components				Amount Reclassified from Accumulated Other Comprehensive Loss		Affected Line Item in the Statement Where Net Income (Loss) is Presented

	Gains and losses on derivatives fair value
		Interest rate contracts		$	-679		Interest expense
		Foreign exchange contracts			-149		Other revenues
					-828		Total before tax
					-		Tax (expense) or benefit
					-828		Net of tax
	Amortization of defined benefit pension items
		Prior service costs			49		A&G Expense
		Actuarial losses			151		A&G Expense
					200		Total before tax
					-49		Tax (expense) or benefit
					151		Net of tax
	Total reclassifications for the period			$	-677		Net of tax



	(All Amounts in Thousands)
	Details about Accumulated Other Comprehensive Loss Components				Amount Reclassified from Accumulated Other Comprehensive Loss		Affected Line Item in the Statement Where Net Income (Loss) is Presented

	Gains and losses on derivatives fair value
		Interest rate contracts		$	649		Interest expense
	Foreign exchange contracts			65		Other revenues
				714		Total before tax
				-		Tax (expense) or benefit
				714		Net of tax
Amortization of defined benefit pension items
	Prior service costs			48		A&G Expense
	Actuarial losses			573		A&G Expense
				621		Total before tax
				-		Tax (expense) or benefit
				621		Net of tax
Total reclassifications for the period			$	1,335		Net of tax

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Calculation Of Basic And Diluted Earnings Per Share	'

		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
	Numerator
	Net (Loss) Income	$	-664	$	1,859	$	-3,881	$	3,512
	Preferred Stock Dividends		-1,305		-594		-2,611		-845
	Net (Loss) Income Available to Common Stockholders	$	-1,969	$	1,265	$	-6,492	$	2,667
	Denominator
	Weighted Average Shares of Common Stock
	Outstanding:
	Basic		7,281,807		7,239,780		7,267,023		7,226,415
	Plus:
	Effect of dilutive restrictive stock		-		23,426		-		21,962
	Diluted		7,281,807		7,263,206		7,267,023		7,248,377
	Basic Earnings Per Common Share:
	Net (Loss) Income per share - Basic	$	-0.27	$	0.17	$	-0.89	$	0.37
	Net (Loss) Income per share - Diluted:	$	-0.27	$	0.17	$	-0.89	$	0.37

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2014
Fair Value Measurements [Abstract]	'
Summary Of Financial Assets And Financial Liabilities Measured At Fair Value On A Recurring And Non-Recurring Basis	'


	(All Amounts in Thousands)		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value

	Derivative Assets	$	-	$	413	$	-	$	413
	Derivative Liabilities	$	-	$	-3,895	$	-	$	-3,895

Prior_Period_Revision_Tables

Prior Period Revision (Tables)	6 Months Ended
Prior Period Revision (Tables)	Jun. 30, 2014
Prior Period Revision [Abstract]	'
Schedule Of Financial Statement Line Items Impacted By Revisions By More Than 1%	'

				2013
	Financial Statement Line Item	Dollar Impact		As Previously Reported		% Impact		2013 As Revised
	Provision (Benefit) for Income Taxes	$	-305	$	-11,963	2.54	%	$	-12,268
	Net Income	$	375	$	18,157	2.07	%	$	18,532
	Comprehensive Income	$	375	$	29,163	1.2	%	$	29,538

Basis_Of_Preparation_Details

Basis Of Preparation (Details)	6 Months Ended
Basis Of Preparation (Details)	Jun. 30, 2014
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%

Out_Of_Period_Adjustments_Deta

Out Of Period Adjustments (Details) (USD $)	3 Months Ended
Out Of Period Adjustments (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Out Of Period Adjustments [Abstract]	'	'
Possible decrease to pre-tax loss due to error	'	$108,000
Possible decrease to net loss due to error	'	61,000
Increase to pre-tax income due to correction of error	108,000	'
Decrease to net loss due to correction of error	$61,000	'

Operating_Segments_Segment_Pro

Operating Segments (Segment Profit And Loss) (Details) (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
	Jun. 30, 2014		Jun. 30, 2013		segment		Jun. 30, 2013
Segment Reporting Information [Line Items]	'		'		'		'
Number of operating segments	'		'		6		'
Fixed Revenue	$58,756		$51,029		$113,698		$107,541
Variable Revenue	17,996		23,868		35,748		48,480
Total Revenues	76,752		74,897		149,446		156,021
Revenues	76,752		74,897		149,446		156,021
Expenses	75,092		73,493		150,042		154,311
Voyage Expenses	63,325	[1]	61,508	[1]	125,957	[1]	131,099	[1]
Loss (Income) of Unconsolidated Entities	80		75		188		345
Gross Voyage Profit (Loss)	13,347		13,314		23,301		24,577
Gross Voyage Profit Margin Percentage (in hundredths)	17.00%		18.00%		16.00%		16.00%
Intersegment Eliminations [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Total Revenues	-4,321		-5,519		-8,642		-11,038
Revenues	-4,321		-5,519		-8,642		-11,038
Expenses	4,321		5,519		8,642		11,038
External Customers [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Total Revenues	76,752		74,897		149,446		156,021
Revenues	76,752		74,897		149,446		156,021
Jones Act [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Fixed Revenue	33,216		27,725		62,315		59,579
Voyage Expenses	27,181		22,204		52,057		47,694
Gross Voyage Profit (Loss)	6,035		5,521		10,258		11,885
Gross Voyage Profit Margin Percentage (in hundredths)	18.00%		20.00%		16.00%		20.00%
Jones Act [Member] \| External Customers [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Total Revenues	33,216		27,725		62,315		59,579
Revenues	33,216		27,725		62,315		59,579
PCTC [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Fixed Revenue	15,295		16,804		30,911		33,757
Variable Revenue	3,858		8,286		7,799		19,207
Voyage Expenses	16,903		20,453		34,101		43,926
Gross Voyage Profit (Loss)	2,250		4,637		4,609		9,038
Gross Voyage Profit Margin Percentage (in hundredths)	12.00%		18.00%		12.00%		17.00%
PCTC [Member] \| External Customers [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Total Revenues	19,153		25,090		38,710		52,964
Revenues	19,153		25,090		38,710		52,964
Dry Bulk Carriers [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Fixed Revenue	1,758		665		3,284		1,538
Variable Revenue	3,505		4,188		7,094		7,549
Voyage Expenses	3,412		4,473		7,055		9,674
Loss (Income) of Unconsolidated Entities	89		7		169		338
Gross Voyage Profit (Loss)	1,762		373		3,154		-925
Gross Voyage Profit Margin Percentage (in hundredths)	33.00%		8.00%		30.00%		-10.00%
Dry Bulk Carriers [Member] \| External Customers [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Total Revenues	5,263		4,853		10,378		9,087
Revenues	5,263		4,853		10,378		9,087
Rail-Ferry Service [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Variable Revenue	9,739		9,523		17,667		18,697
Voyage Expenses	7,870		7,762		14,912		15,482
Loss (Income) of Unconsolidated Entities	39		68		67		7
Gross Voyage Profit (Loss)	1,830		1,693		2,688		3,208
Gross Voyage Profit Margin Percentage (in hundredths)	19.00%		18.00%		15.00%		17.00%
Rail-Ferry Service [Member] \| External Customers [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Total Revenues	9,739		9,523		17,667		18,697
Revenues	9,739		9,523		17,667		18,697
Specialty Contracts [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Fixed Revenue	8,487		5,835		17,188		12,667
Variable Revenue	911		1,671		3,158		2,526
Voyage Expenses	8,446		6,539		18,646		14,037
Loss (Income) of Unconsolidated Entities	-48		'		-48		'
Gross Voyage Profit (Loss)	1,000		967		1,748		1,156
Gross Voyage Profit Margin Percentage (in hundredths)	11.00%		13.00%		9.00%		8.00%
Specialty Contracts [Member] \| External Customers [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Total Revenues	9,398		7,506		20,346		15,193
Revenues	9,398		7,506		20,346		15,193
Other [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Variable Revenue	-17		200		30		501
Voyage Expenses	-487		77		-814		286
Gross Voyage Profit (Loss)	470		123		844		215
Gross Voyage Profit Margin Percentage (in hundredths)	2765.00%		62.00%		2813.00%		43.00%
Other [Member] \| Intersegment Eliminations [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Total Revenues	-4,321		-5,519		-8,642		-11,038
Revenues	-4,321		-5,519		-8,642		-11,038
Expenses	4,321		5,519		8,642		11,038
Other [Member] \| External Customers [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Total Revenues	-17		200		30		501
Revenues	($17)		$200		$30		$501

[1]	Includes Intangible Amortization

Operating_Segments_Reconciliat

Operating Segments (Reconciliation Of The Totals Reported For The Operating Segments) (Details) (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Operating Segments [Abstract]	'		'		'		'
Total Revenues	$76,752		$74,897		$149,446		$156,021
Voyage Expenses	63,325	[1]	61,508	[1]	125,957	[1]	131,099	[1]
Gross Voyage Profit	13,347		13,314		23,301		24,577
Vessel Depreciation	6,517		5,804		13,238		11,575
Other Depreciation	18		11		36		34
Gross Profit	6,812		7,499		10,027		12,968
Administrative and General Expenses	5,232		6,170		10,811		11,603
Less: Net Loss of Unconsolidated Entities	-80		-75		-188		-345
Total Other Operating Expenses	5,152		6,095		10,623		11,258
Operating Income (Loss)	$1,660		$1,404		($596)		$1,710

[1]	Includes Intangible Amortization

Inventory_Details

Inventory (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Inventory [Abstract]	'	'
Spare Parts Inventory	$4,039	$3,968
Fuel Inventory	4,080	4,663
Warehouse Inventory	2,655	2,691
Inventory	$10,774	$11,322

Investment_In_Unconsolidated_E2

Investment In Unconsolidated Entities (Narrative) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Schedule of Equity Method Investments [Line Items]	'	'
Payment for investment in Unconsolidated Entities	$7,886	$500
Saltholmen Shipping Ltd. [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Equity investee ownership interest	30.00%	'
Payment for investment in Unconsolidated Entities	5,800	'
Saltholmen Shipping Ltd. [Member] \| Chemical Tankers [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Number of vessels contracted to build	2	'
Brattholmen Shipping Ltd. [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Equity investee ownership interest	30.00%	'
Payment for investment in Unconsolidated Entities	$2,000	'
Brattholmen Shipping Ltd. [Member] \| Asphalt Tankers [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Number of vessels owned or operated	2	'

Investment_In_Unconsolidated_E3

Investment In Unconsolidated Entities (Summarized Equity In Net (Loss) Income Of Unconsolidated Entities) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Total Equity in Net Loss of Unconsolidated Entities	($80)	($75)	($188)	($345)
Oslo Bulk, AS [Member]	'	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Total Equity in Net Loss of Unconsolidated Entities	-25	-137	-87	-97
Oslo Bulk Holding Pte, Ltd (formerly Tony Bulkers) [Member]	'	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Total Equity in Net Loss of Unconsolidated Entities	-64	132	-82	-240
Terminales Transgolfo, S.A. DE C.V. [Member]	'	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Total Equity in Net Loss of Unconsolidated Entities	-39	-70	-67	-8
Saltholmen Shipping Ltd. [Member]	'	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Total Equity in Net Loss of Unconsolidated Entities	$48	'	$48	'

Goodwill_Other_Intangible_Asse2

Goodwill, Other Intangible Assets, And Deferred Charges (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Goodwill, Other Intangible Assets, And Deferred Charges [Abstract]	'	'	'	'
Definite Life Intangibles, Amortization	$1,029	$1,281	$2,058	$3,148
Amortization expense for deferred charges	$4,600	$2,300	$8,896	$4,239

Goodwill_Other_Intangible_Asse3

Goodwill, Other Intangible Assets, And Deferred Charges (Schedule Of Goodwill, Other Intangible Assets, And Deferred Charges) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Goodwill And Other Intangible Assets [Line Items]	'	'	'	'
Goodwill, Beginning Balance	$2,735	'	$2,735	'
Goodwill, Ending Balance	2,735	'	2,735	'
Total Indefinite Life Intangibles, Beginning Balance	2,735	'	2,735	'
Total Indefinite Life Intangibles, Ending Balance	2,735	'	2,735	'
Definite Life Intangibles, Beginning Balance	27,727	'	28,756	'
Definite Life Intangibles, Amortization	-1,029	-1,281	-2,058	-3,148
Definite Life Intangibles, Ending Balance	26,698	'	26,698	'
Drydocking Costs, Beginning Balance	23,936	'	26,428	'
Drydocking Costs, Additions	2,323	'	4,098	'
Drydocking Costs, Amortization	-4,457	'	-8,591	'
Drydocking Costs, Reclassified	482	'	349	'
Drydocking Costs, Ending Balance	22,284	'	22,284	'
Financing Charges and Other, Beginning Balance	2,792	'	2,881	'
Financing Charges and Other, Additions	277	'	339	'
Financing Charges and Other, Amortization	-154	'	-305	'
Financing Charges and Other, Reclassified	76	'	76	'
Financing Charges and Other, Ending Balance	2,991	'	2,991	'
Total Deferred Charges, Beginning Balance	26,728	'	29,309	'
Total Deferred Charges, Additions	2,600	'	4,437	'
Total Deferred Charges, Amortization	-4,611	'	-8,896	'
Total Deferred Charges, Reclassified	558	'	425	'
Total Deferred Charges, Ending Balance	25,275	'	25,275	'
Trade Names [Member] \| Frascati Shops, Inc. And Tower, LLC [Member]	'	'	'	'
Goodwill And Other Intangible Assets [Line Items]	'	'	'	'
Amortization period	'240 months	'	'240 months	'
Definite Life Intangibles, Beginning Balance	59	'	60	'
Definite Life Intangibles, Amortization	-1	'	-2	'
Definite Life Intangibles, Ending Balance	58	'	58	'
Trade Names [Member] \| United Ocean Services, LLC [Member]	'	'	'	'
Goodwill And Other Intangible Assets [Line Items]	'	'	'	'
Amortization period	'96 months	'	'96 months	'
Definite Life Intangibles, Beginning Balance	1,505	'	1,561	'
Definite Life Intangibles, Amortization	-56	'	-112	'
Definite Life Intangibles, Ending Balance	1,449	'	1,449	'
Customer Relationships [Member] \| Frascati Shops, Inc. And Tower, LLC [Member]	'	'	'	'
Goodwill And Other Intangible Assets [Line Items]	'	'	'	'
Amortization period	'240 months	'	'240 months	'
Definite Life Intangibles, Beginning Balance	391	'	396	'
Definite Life Intangibles, Amortization	-5	'	-10	'
Definite Life Intangibles, Ending Balance	386	'	386	'
Customer Relationships [Member] \| United Ocean Services, LLC [Member]	'	'	'	'
Goodwill And Other Intangible Assets [Line Items]	'	'	'	'
Amortization period	'96 months	'	'96 months	'
Definite Life Intangibles, Beginning Balance	25,772	'	26,739	'
Definite Life Intangibles, Amortization	-967	'	-1,934	'
Definite Life Intangibles, Ending Balance	$24,805	'	$24,805	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Income Taxes [Abstract]	'	'	'	'	'
Provision (benefit) for income taxes	$653	$15	($229)	$50	($12,268)
(Loss) income before taxes and equity in net loss unconsolidated entities	$69	$1,949	($3,922)	$3,907	'
Corporate tax rate	'	'	35.00%	35.00%	'

Commitments_And_Contingencies_

Commitments And Contingencies (Details) (USD $)	Jun. 30, 2014	Jun. 26, 2014
In Millions, unless otherwise specified		U.S. Customs And Border Protection [Member]
		item
Commitments And Contingencies [Line Items]	'	'
Outstanding letters of credit	$9.50	'
Number of affiliates that allegedly failed to properly report the importation of spare parts consumed by vessels	'	2
Amount of proposed duty	'	2.1
Amount of proposed penalty on assessment	'	$8.40

Employee_Benefit_Plans_Narrati

Employee Benefit Plans (Narrative) (Details) (USD $)	6 Months Ended
Employee Benefit Plans (Narrative) (Details) (USD $)	Jun. 30, 2014
Employee Benefit Plans [Abstract]	'
Contribution to pension plan	$300,000
Expected contribution to pension plan before December 31, 2014	$300,000

Employee_Benefit_Plans_Compone

Employee Benefit Plans (Components Of Net Periodic Benefit Cost) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Pension Plan [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	$155	$190	$309	$380
Interest cost	381	336	762	672
Expected return on plan assets	-571	-557	-1,226	-1,114
Amortization of prior service cost	-1	-1	-1	-2
Amortization of Net Loss	1	223	64	447
Net periodic benefit cost	-35	191	-92	383
Postretirement Benefits [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	4	6	7	12
Interest cost	144	119	289	238
Amortization of prior service cost	25	25	50	50
Amortization of Net Loss	-1	63	87	126
Net periodic benefit cost	$172	$213	$433	$426

Derivative_Instruments_Narrati

Derivative Instruments (Narrative) (Details)

1 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Mar. 31, 2014

Aug. 31, 2013

Nov. 30, 2013

Jun. 30, 2014

USD ($)

contract

JPY (¥)

Other Comprehensive Income (Loss) [Member]

Foreign Exchange Contracts [Member]

Foreign Exchange Contract 1 [Member]

Foreign Exchange Contract 2 [Member]

July Foreign Exchange Contract [Member]

contract

USD ($)

MXN

USD ($)

MXN

JPY (¥)

item

contract

Derivative Instruments, Gain (Loss) [Line Items]

Maximum potential future exposure on derivatives

$3,900,000

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

4,300,000

Number of forward purchase contracts

Number of foreign currency derivatives held

Number of contracts which coincide to the next three scheduled quarterly loan installments

Number of quarterly loan installments coincided by contracts

Derivatives, current notional amount

46,482,000

[1]

3,300,000,000

1,200,000

600,000

3,100,000,000

Exchange rate

102.53

13.6103

13.3003

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

60.00%

Number of expired contracts

Approximate amount of quarterly loan installments

85,000,000

Approximate exchange rate

102.26

Derivatives, notional amount remaining after quarterly loan installments

¥ 2,885,000,000

[1]

Notional amount converted from Yen at June 30, 2014 at a Yen to USD exchange rate of 101.33.

Derivative_Instruments_Notiona

Derivative Instruments (Notional And Fair Value Of Derivative Instruments) (Details)

3 Months Ended

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

USD ($)

JPY (¥)

Designated as Hedging Instrument [Member]

Interest Rate Swap - LT [Member]

Other Liabilities [Member]

Other Current Assets [Member]

Other Assets [Member]

Oslo Bulk, AS [Member]

USD ($)

JPY (¥)

Interest Rate Swap - LT [Member]

Foreign Exchange Contracts [Member]

USD ($)

Derivatives, Fair Value [Line Items]

Asset derivatives, current notional amount

$31,612,000

$3,392,000

$28,219,000

Liability derivatives, current notional amount

46,482,000

[1]

Derivatives, current notional amount

46,482,000

[2]

3,300,000,000

78,093,000

Asset derivatives, fair value

413,000

69,000

344,000

Liability derivatives, fair value

-3,895,000

[1]

Exchange rate

102.53

101.33

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

18,000

Negative balance related to an interest rate swap in Oslo Bulk AS

$555,000

Ownership percentage (in hundredths)

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 $46.5 million (based on a Yen to USD exchange rate of 101.33 as of June 30, 2014). 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 is reflected in our statement of income (loss) for the second quarter of 2014 as a $18,000 loss. The fair value balance as of June 30, 2014, includes a negative $555,000 balance related to an interest rate swap associated with our 25% investment in Oslo Bulk AS.

[2]

Notional amount converted from Yen at June 30, 2014 at a Yen to USD exchange rate of 101.33.

Derivative_Instruments_Derivat

Derivative Instruments (Derivative Instruments, Effect On Other Comprehensive Income (Loss)) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]	'
Gain (Loss) Recognized in OCI	($35)	[1]
Amount of Gain (Loss) Reclassified from AOCI to Income	860
Gain/(Loss) Recognized in Income from Ineffective portion	-32
Interest Rate Swaps [Member]	'
Derivative Instruments, Gain (Loss) [Line Items]	'
Gain (Loss) Recognized in OCI	-35	[1]
Gain/(Loss) Recognized in Income from Ineffective portion	-32
Interest Rate Swaps [Member] \| Interest Expense [Member]	'
Derivative Instruments, Gain (Loss) [Line Items]	'
Amount of Gain (Loss) Reclassified from AOCI to Income	711
Foreign Exchange Contracts [Member] \| Other Revenues [Member]	'
Derivative Instruments, Gain (Loss) [Line Items]	'
Amount of Gain (Loss) Reclassified from AOCI to Income	$149

[1]	Other Comprehensive (Loss) Income

Derivative_Instruments_Interes

Derivative Instruments (Interest Rate Derivatives) (Details)	Jun. 30, 2014		Dec. 31, 2013	Jun. 30, 2014		Jun. 30, 2014
	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
Derivatives, current notional amount	$46,482,000	[1]	¥ 3,300,000,000	$46,482,000	[1]	'
Swap Rate (in thousandths)	'		'	2.07%		2.07%
Type	'		'	'Variable-to-Fixed		'Variable-to-Fixed
Exchange rate	'		102.53	'		101.33

[1]	Notional amount converted from Yen at June 30, 2014 at a Yen to USD exchange rate of 101.33.

Derivative_Instruments_Notiona1

Derivative Instruments (Notional Amount Of Foreign Exchange Contracts) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Derivative [Line Items]	'
Derivatives, current notional amount	$31,612
Foreign Exchange Contract 1 [Member]	'
Derivative [Line Items]	'
Transaction Date	'2013-08
Derivatives, current notional amount	600
Effective Date	'2014-01
Expiration Date	'2014-12
Foreign Exchange Contract 2 [Member]	'
Derivative [Line Items]	'
Transaction Date	'2013-11
Derivatives, current notional amount	300
Effective Date	'2014-01
Expiration Date	'2014-12
Foreign Exchange Contract 3 [Member]	'
Derivative [Line Items]	'
Transaction Date	'2014-05
Derivatives, current notional amount	830
Effective Date	'2014-05
Expiration Date	'2014-09
Foreign Exchange Contract 4 [Member]	'
Derivative [Line Items]	'
Transaction Date	'2014-05
Derivatives, current notional amount	831
Effective Date	'2014-05
Expiration Date	'2014-12
Foreign Exchange Contract 5 [Member]	'
Derivative [Line Items]	'
Transaction Date	'2014-05
Derivatives, current notional amount	832
Effective Date	'2014-05
Expiration Date	'2015-03
Foreign Exchange Contract 6 [Member]	'
Derivative [Line Items]	'
Transaction Date	'2014-05
Derivatives, current notional amount	$28,219
Effective Date	'2014-05
Expiration Date	'2015-04

LongTerm_Debt_Narrative_Detail

Long-Term Debt (Narrative) (Details) (USD $)	6 Months Ended	12 Months Ended		3 Months Ended				0 Months Ended	6 Months Ended	0 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Sep. 24, 2013	Sep. 30, 2013	Sep. 24, 2013	Sep. 24, 2013	Sep. 24, 2013	Sep. 24, 2013	Jun. 30, 2014	Sep. 24, 2013
				Senior Secured Credit Facility [Member]	Senior Secured Credit Facility [Member]	Standby Letters Of Credit [Member]	Swingline Loans [Member]	Line Of Credit Facility [Member]	Line Of Credit Facility [Member]	Variable Rate Financing Agreement [Member]
					item
Line of Credit Facility [Line Items]	'	'	'	'	'	'	'	'	'	'
Maximum borrowing capacity	'	'	'	'	$45,000,000	'	'	'	'	'
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	'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	'	'	50,000,000	'	'	20,000,000	5,000,000	'	'	'
Consolidated Leverage Ratio through June 30, 2014	'	'	'	'	'	'	'	'	4.50%	'
Future Consolidated Leverage Ratio after June 30, 2014	'	'	'	'	'	'	'	'	4.25%	'
Minimum Liquidity Amount through June 30, 2014	'	'	'	'	'	'	'	'	15,000,000	'
Minimum Future Liquidity Amount after June 30, 2014	'	'	'	'	'	'	'	'	$20,000,000	'

LongTerm_Debt_Schedule_Of_Long

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

Jun. 30, 2014

Dec. 31, 2013

Sep. 24, 2013

Jun. 20, 2011

Jan. 24, 2012

Nov. 30, 2011

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Sep. 24, 2013

Jun. 30, 2014

Jun. 20, 2011

Notes Payable - Variable Rate 2018a [Member]

Notes Payable - Variable Rate 2018b [Member]

Notes Payable - Variable Rate 2020 [Member]

Senior Secured Credit Facility [Member]

Secured Line Of Credit [Member]

Senior Secured Credit Facility [Member]

Standby Letters Of Credit [Member]

Swingline Loans [Member]

ING Bank [Member]

Notes Payable - Variable Rate 2018a [Member]

Notes Payable - Variable Rate 2018b [Member]

Notes Payable - Variable Rate 2017 [Member]

Notes Payable - Variable Rate 2018c [Member]

Notes Payable - Variable Rate 2018d [Member]

Notes Payable - Variable Rate 2020 [Member]

Notes Payable - Variable Rate 2018e [Member]

item

Debt Instrument [Line Items]

Interest rate (in hundredths)

2.73%

[1]

2.75%

[1]

2.73%

2.74%

2.50%

2.52%

2.90%

2.92%

2.73%

[1]

2.74%

[1]

3.64%

[2]

2.90%

[2]

3.99%

[3]

3.75%

[3]

3.90%

[3]

3.67%

[3]

Maturity date

'2018

[1]

'2018

'2017

'2018

[1]

'2020

[2]

'2018

[3]

'2018

[3]

Total Principal Due

$199,934,000

[1]

$198,229,000

[1]

$13,743,000

[1]

$15,460,000

[1]

$43,240,000

$45,081,000

$10,263,000

$11,383,000

$11,360,000

$12,780,000

$16,022,000

[1]

$16,651,000

[1]

$30,993,000

[2]

$31,437,000

[2]

$43,313,000

[3]

$44,437,000

[3]

$31,000,000

[3]

$21,000,000

[3]

Less current maturities

-19,902,000

-19,213,000

Long-term debt - non-current

180,032,000

179,016,000

Interest rate swap , fixed interest rate (in hundredths)

2.07%

Effective, swaption interest rate (in hundredths)

5.57%

Term of financing agreement in years

'7 years

Business acquisition interest in acquiree

100.00%

Proceeds from borrowings of line of credit

24,100,000

23,300,000

12,700,000

6,100,000

Number of tranches

Term loan facility principal amount

45,000,000

Line of credit

50,000,000

20,000,000

5,000,000

Additional term loan amount

$24,100,000

$23,300,000

$12,700,000

$6,100,000

[1]

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 Capesize vessel and a Supramax 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 in January 2012.

[2]

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 5.565%. The swap agreement is for the same term as the associated note payable.

[3]

As described in greater detail above, our senior secured 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 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.

Other_Long_Term_Liabilities_De

Other Long Term Liabilities (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Other Long Term Liabilities [Abstract]	'	'
Deferred Gains, net of Amortization	$31,298	$34,009
Pension and Post Retirement	10,110	10,339
Alabama Lease Incentive	6,313	6,887
Insurance Reserves	4,755	5,521
Derivatives	3,895	4,412
Other	2,283	4,138
Other Long Term Liabilities	$58,654	$65,306

Stock_Based_Compensation_Narra

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

6 Months Ended

0 Months Ended

3 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

1 Months Ended

6 Months Ended

12 Months Ended

0 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

Jun. 30, 2014

Jan. 28, 2014

Apr. 23, 2013

7-May-12

Jun. 30, 2014

Jun. 30, 2013

Jan. 14, 2014

Jan. 15, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jan. 28, 2014

Jun. 30, 2014

31-May-14

Jun. 30, 2014

Dec. 31, 2013

31-May-15

7-May-14

Jun. 30, 2014

7-May-14

31-May-16

31-May-15

Jan. 28, 2014

Jun. 30, 2014

Jan. 28, 2014

Jun. 30, 2014

item

Top Executives [Member]

Unrestricted Stock [Member]

Restricted Stock Units (RSUs) [Member]

Time Based Restricted Stock Units [Member]

Performance Based Restricted Stock Units [Member]

Absolute Performance Based Restricted Stock Units [Member]

Relative Performance Based Restricted Stock Units [Member]

employee

Independent Director [Member]

2014 Grants [Member]

employee

2012 Grants [Member]

2013 Grants [Member]

2014 Grants [Member]

Top Executives [Member]

employee

2014 Grants [Member]

Top Executives [Member]

employee

Scenario, Forecast [Member]

employee

Scenario, Forecast [Member]

2012 Grants [Member]

2013 Grants [Member]

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

Number of shares granted to independent directors (in shares)

4,470

6,708

Stock-based compensation expense included in net income

$60,000

$355,000

$418,000

$771,000

$661,000

Vesting period

'3 years

'1 year

'3 years

'1 year

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

1.5

Number of types of Performance-Based RSUs

Number of top executives

Number of shares vested and paid out

1,500

21,564

8,450

Number of remaining shares expected to vest (in shares)

1,500

3,525

Percentage of restricted stock units vested (in hundredths)

53.00%

150.00%

Number of shares paid out

21,564

20,064

Awards Granted (in shares)

4,470

42,650

7,950

15,138

17,351

17,349

Closing market stock price

$25.95

$17.66

$19.35

Stock_Based_Compensation_Summa

Stock Based Compensation (Summary Of Activity For Stock Awards And Summary Of RSU Activity And Related Information) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Unrestricted Stock [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Awards Granted (in shares)	4,470
Awards Vested (in shares)	-4,470
Awards Granted, Weighted Average Grant Date Fair Value (in dollars per share)	$26.80
Awards Vested, Weighted Average Grant Date Fair Value (in dollars per share)	$26.80
Restricted Stock Units (RSUs) [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Non-vested - Beginning of Period (in shares)	131,100
Awards Granted (in shares)	42,650
Awards Exercised (in shares)	-48,849
Awards Forfeited/Cancelled (in shares)	-25,639
Non-vested - End of Period (in shares)	114,400
Non-vested, Weighted Average Grant Date Fair Value - Beginning of Period (in dollars per share)	$18.77
Awards Granted, Weighted Average Grant Date Fair Value (in dollars per share)	$24.99
Awards Exercised, Weighted Average Grant Date Fair Value (in dollars per share)	$24.97
Awards Forfeited/Cancelled, Weighted Average Grant Date Fair Value (in dollars per share)	$24.97
Non-vested, Weighted Average Grant Date Fair Value - End of Period (in dollars per share)	$22.07
Absolute Performance Based Restricted Stock Units [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Awards Granted (in shares)	15,138
Awards Granted, Weighted Average Grant Date Fair Value (in dollars per share)	$16.63

Stock_Based_Compensation_Sched

Stock Based Compensation (Schedule Of Assumptions Used) (Details) (USD $)	Jan. 28, 2014	Apr. 23, 2013	7-May-12	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
				1 Year Vest [Member]	1 Year Vest [Member]	1 Year Vest [Member]	3 Year Vest [Member]	3 Year Vest [Member]	3 Year Vest [Member]
				item	item	item	item	item	item
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'	'	'	'
Stock Price	$25.95	$17.66	$19.35	$25.95	$17.66	$19.35	$25.95	$17.66	$19.35
Expected Volatilities	'	'	'	44.30%	33.50%	44.31%	40.02%	37.03%	40.50%
Correlation Coefficients	'	'	'	0.374	0.473	0.719	0.554	0.625	0.694
Risk Free Rate	'	'	'	0.10%	0.10%	0.16%	0.72%	0.31%	0.34%
Dividend Yield	'	'	'	3.85%	5.70%	5.17%	3.85%	5.70%	5.17%
Simulated Fair Value	'	'	'	$23.03	$15.33	$17.73	$25.46	$16.57	$18.88
Fair Value as a % of Grant	'	'	'	88.74%	86.81%	91.63%	98.10%	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				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'		'		'		'
Related Reduction in Earnings Per Share	($0.03)	[1]	($0.02)	[1]	($0.07)	[1]	($0.05)	[1]
Stock Grants To Board Of Directors [Member]	'		'		'		'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'		'		'		'
Stock-Based Compensation Expense	$30,000		$30,000		$60,000		$60,000
RSUs Awards To Officers [Member]	'		'		'		'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'		'		'		'
Stock-Based Compensation Expense	$355,000		$418,000		$771,000		$661,000

[1]	Same for basic and diluted earnings per share

Stockholders_Equity_Narrative_

Stockholders' Equity (Narrative) (Details) (USD $)	1 Months Ended			3 Months Ended	12 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2014	31-May-14	Apr. 30, 2014	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		6 Months Ended			12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014		Jun. 30, 2013	Dec. 31, 2013
Stockholders' Equity [Line Items]	'	'	'		'	'
Balance	'	'	$336,540,000		'	'
Net Loss	-664,000	1,859,000	-3,881,000		3,512,000	18,532,000
Common Stock Dividends	'	'	-3,715,000	[1]	'	'
Unrealized Foreign Currency Translation Gain	42,000	206,000	17,000		246,000	'
Net Change in Fair Value of Derivatives	-44,000	962,000	-35,000		1,509,000	'
Net Change in Funding Status of Defined Benefit Plan	-24,000	310,000	151,000		621,000	'
Issuance of stock-based compensation	'	'	192,000		'	'
Balance	326,658,000	'	326,658,000		'	336,540,000
Accrued dividends not paid	'	'	76,000		'	'
Preferred Stock [Member]	'	'	'		'	'
Stockholders' Equity [Line Items]	'	'	'		'	'
Preferred Stock Dividends	'	'	($2,611,000)		'	'

[1]	Includes $76,000 of dividends accrued but not paid during the period

Stockholders_Equity_Issuer_Pur

Stockholders' Equity (Issuer Purchases Of Equity Securities) (Details) (USD $)	1 Months Ended			3 Months Ended	12 Months Ended
	Jun. 30, 2014	31-May-14	Apr. 30, 2014	Jun. 30, 2010	Dec. 31, 2008
Stockholders' Equity [Abstract]	'	'	'	'	'
Total number of shares purchased (in shares)	'	'	'	223,051	491,572
Average Price Paid per Share	'	'	'	'	'
Total Number of Shares Purchased as Part of Publicly Announced Plan	'	'	'	'	'
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 $)	0 Months Ended		6 Months Ended		1 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 03, 2014	Mar. 03, 2014	Jun. 30, 2014	Jun. 30, 2014	Apr. 30, 2014	Jan. 30, 2014	Apr. 30, 2014	Jan. 30, 2014
	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Preferred Stock [Member]	9.50% Series A Preferred Stock [Member]	9.50% Series A Preferred Stock [Member]	9.00% Series B Preferred Stock [Member]	9.00% Series B Preferred Stock [Member]
					Preferred Stock [Member]	Preferred Stock [Member]	Preferred Stock [Member]	Preferred Stock [Member]
Dividends Payable [Line Items]	'	'	'	'	'	'	'	'
Record Date	16-May-14	17-Feb-14	'	'	29-Apr-14	29-Jan-14	29-Apr-14	29-Jan-14
Payment Date	3-Jun-14	3-Mar-14	'	'	30-Apr-14	30-Jan-14	30-Apr-14	30-Jan-14
Per Share Amount (in dollars per share)	$0.25	$0.25	'	'	$2.38	$2.38	$2.25	$2.25
Total Dividend Paid	$1,826	$1,813	$3,639	$2,611	$594	$594	$711	$712

Preferred_Stock_Details

Preferred Stock (Details) (USD $)

6 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

6 Months Ended

0 Months Ended

3 Months Ended

6 Months Ended

0 Months Ended

Jun. 30, 2013

Apr. 09, 2014

Jan. 07, 2014

Feb. 21, 2013

Mar. 31, 2013

Jun. 30, 2014

Apr. 09, 2014

Jan. 07, 2014

Aug. 01, 2013

Sep. 30, 2013

Jun. 30, 2014

Jul. 07, 2014

Series A Cumulative Redeemable Perpetual Preferred Stock [Member]

Series B Cumulative Redeemable Perpetual Preferred Stock [Member]

Subsequent Event [Member]

Series A 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

Preferred stock, liquidation preference per share

$100

Shares sold pursuant to over-allotment option granted to underwriters for offering

41,250

Preferred stock, dividend declared

$2.38

$2.25

$2.38

$2.25

Accumulated unpaid dividends

Preferred stock, redemption date

30-Apr-18

30-Oct-18

Cash redemption price (in dollars per share)

$100

Net proceeds from the issuance of preferred stock

23,480,000

23,400,000

30,000,000

Underwriter discounts and related costs

$1,600,000

Period after change of control to redeem shares

'120 days

Changes_In_Accumulated_Other_C2

Changes In Accumulated Other Comprehensive Loss (Changes In Accumulated Other Comprehensive Loss By Component) (Details) (USD $)	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Beginning balance	($13,751,000)		($24,048,000)		($13,910,000)		($24,946,000)
Other comprehensive income (loss) before reclassification	368,000		826,000		810,000		1,041,000
Amount reclassified from accumulated other comprehensive income (loss)	-394,000		652,000		-677,000		1,335,000
Net current-period other comprehensive income (loss)	-26,000		1,478,000		133,000		2,376,000
Ending balance	-13,777,000		-22,570,000		-13,777,000		-22,570,000
Gains And Losses On Derivatives Fair Value [Member]	'		'		'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Beginning balance	-4,270,000	[1]	-6,805,000	[2]	-4,279,000	[1]	-7,352,000	[2]
Other comprehensive income (loss) before reclassification	326,000	[1]	620,000	[2]	793,000	[1]	795,000	[2]
Amount reclassified from accumulated other comprehensive income (loss)	-370,000	[1]	342,000	[2]	-828,000	[1]	714,000	[2]
Net current-period other comprehensive income (loss)	-44,000	[1]	962,000	[2]	-35,000	[1]	1,509,000	[2]
Ending balance	-4,314,000	[1]	-5,843,000	[2]	-4,314,000	[1]	-5,843,000	[2]
Unrealized Translation (Loss) Income [Member]	'		'		'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Beginning balance	-439,000		-310,000		-414,000		-350,000
Other comprehensive income (loss) before reclassification	42,000		206,000		17,000		246,000
Net current-period other comprehensive income (loss)	42,000		206,000		17,000		246,000
Ending balance	-397,000		-104,000		-397,000		-104,000
Defined Benefit Pension Items [Member]	'		'		'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Beginning balance	-9,042,000		-16,933,000		-9,217,000		-17,244,000
Amount reclassified from accumulated other comprehensive income (loss)	-24,000		310,000		151,000		621,000
Net current-period other comprehensive income (loss)	-24,000		310,000		151,000		621,000
Ending balance	-9,066,000		-16,623,000		-9,066,000		-16,623,000
Oslo Bulk, AS [Member]	'		'		'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Interest rate swap fair value	($555,000)		($722,503)		($555,000)		($722,503)
Ownership percentage (in hundredths)	25.00%		25.00%		25.00%		25.00%

[1]	The fair value balance as of June 30, 2014, includes a negative $555,000 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.
[2]	The fair value balance as of June 30, 2013, includes a negative $722,503 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 Loss (Reclassifications Out Of Accumulated Other Comprehensive Loss) (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'	'
Interest Expense	($2,041,000)	($2,077,000)	($4,186,000)	($4,278,000)	'
Other revenues	472,000	539,000	961,000	1,094,000	'
Income (Loss) Before Benefit for Income Taxes and Equity in Net Income of Unconsolidated Entities	69,000	1,949,000	-3,922,000	3,907,000	'
(Expense) Benefit for Income Taxes	-653,000	-15,000	229,000	-50,000	12,268,000
Net (Loss) Income	-664,000	1,859,000	-3,881,000	3,512,000	18,532,000
Amount Reclassified From Accumulated Other Comprehensive Loss [Member]	'	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'	'
Net (Loss) Income	-394,000	652,000	-677,000	1,335,000	'
Gains And Losses On Derivatives Fair Value [Member] \| Amount Reclassified From Accumulated Other Comprehensive Loss [Member]	'	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'	'
Income (Loss) Before Benefit for Income Taxes and Equity in Net Income of Unconsolidated Entities	-370,000	342,000	-828,000	714,000	'
Net (Loss) Income	-370,000	342,000	-828,000	714,000	'
Gains And Losses On Derivatives Fair Value [Member] \| Interest Rate Contract [Member] \| Amount Reclassified From Accumulated Other Comprehensive Loss [Member]	'	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'	'
Interest Expense	-352,000	248,000	-679,000	649,000	'
Gains And Losses On Derivatives Fair Value [Member] \| Foreign Exchange Contracts [Member] \| Amount Reclassified From Accumulated Other Comprehensive Loss [Member]	'	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'	'
Other revenues	-18,000	94,000	-149,000	65,000	'
Defined Benefit Pension Items [Member] \| Amount Reclassified From Accumulated Other Comprehensive Loss [Member]	'	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'	'
Prior service costs	-26,000	24,000	49,000	48,000	'
Actuarial losses	51,000	286,000	151,000	573,000	'
Income (Loss) Before Benefit for Income Taxes and Equity in Net Income of Unconsolidated Entities	25,000	310,000	200,000	621,000	'
(Expense) Benefit for Income Taxes	-49,000	'	-49,000	'	'
Net (Loss) Income	($24,000)	$310,000	$151,000	$621,000	'

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Earnings Per Share [Abstract]	'	'	'	'	'
Decrease to net loss	($664)	$1,859	($3,881)	$3,512	$18,532
Preferred Stock Dividends	-1,305	-594	-2,611	-845	'
Net (Loss) Income Available to Common Stockholders	($1,969)	$1,265	($6,492)	$2,667	'
Basic (in shares)	7,281,807	7,239,780	7,267,023	7,226,415	'
Plus: Effect of dilutive restrictive stock (in shares)	'	23,426	'	21,962	'
Diluted (in shares)	7,281,807	7,263,206	7,267,023	7,248,377	'
Net (Loss) Income per share - Basic (in dollars per share)	($0.27)	$0.17	($0.89)	$0.37	'
Net (Loss) Income per share - Diluted (in dollars per share)	($0.27)	$0.17	($0.89)	$0.37	'

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Jun. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Derivative Assets	$413,000
Derivative Liabilities	-3,895,000
Long-term Debt	199,900,000
Level 2 Inputs [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Derivative Assets	413,000
Derivative Liabilities	($3,895,000)

Prior_Period_Revision_Narrativ

Prior Period Revision (Narrative) (Details) (USD $)	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
	Jun. 30, 2014	item	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Restatement Adjustment [Member]
Number of previously uncorrected misstatements	'	3	'	'	'	'
Pre-tax income	$69,000	'	$1,949,000	($3,922,000)	$3,907,000	$70,000
Decrease to short term note receivable due to revision	3,465,000	3,987,000	'	3,465,000	'	-275,000
Increase to long term note receivable due to revision	26,057,000	27,659,000	'	26,057,000	'	275,000
Increase in long-term deferred tax assets due to revision	9,998,000	7,325,000	'	9,998,000	'	305,000
Decrease to deferred income tax expense due to revision	'	'	'	-271,000	'	-305,000
Increase to retained earnings due to revision	$216,273,000	$226,480,000	'	$216,273,000	'	$375,000

Prior_Period_Revision_Schedule

Prior Period Revision (Schedule Of Financial Statement Line Items Impacted By Revisions By More Than 1%) (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Provision/(Benefit) for Income Taxes	$653	$15	($229)	$50	($12,268)
Net Income	-664	1,859	-3,881	3,512	18,532
Comprehensive Income	-690	3,337	-3,748	5,888	29,538
% Impact	'	'	'	'	2.54%
% Impact	'	'	'	'	2.07%
% Impact	'	'	'	'	1.20%
Restatement Adjustment [Member]	'	'	'	'	'
Provision/(Benefit) for Income Taxes	'	'	'	'	-305
Net Income	'	'	'	'	375
Comprehensive Income	'	'	'	'	375
As Previously Reported [Member]	'	'	'	'	'
Provision/(Benefit) for Income Taxes	'	'	'	'	-11,963
Net Income	'	'	'	'	18,157
Comprehensive Income	'	'	'	'	$29,163

Subsequent_Events_Details

Subsequent Events (Details) (Subsequent Event [Member])	6 Months Ended
Subsequent Events (Details) (Subsequent Event [Member])	Jun. 30, 2014
Subsequent Event [Member]	'
Subsequent Event [Line Items]	'
Period of loan that could be converted from construction loan	'10 years