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EXCEL - IDEA: XBRL DOCUMENT - Eagle Bulk Shipping Inc.Financial_Report.xls
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v2.4.0.6
Vessels
9 Months Ended
Sep. 30, 2012
Vessels [Abstract]  
Vessels [Text Block]

Note 3. Vessels

 

Vessel and Vessel Improvements

 

At September 30, 2012, the Company’s operating fleet consisted of 45 dry bulk vessels. The Company completed its newbuilding program in the fourth quarter of 2011.

 

Vessel and vessel improvements:

 

Vessels and Vessel Improvements, at December 31, 2011   $ 1,789,381,046  
Purchase of Vessel Improvements     58,521  
Depreciation Expense     (56,246,778 )
         
Vessels and Vessel Improvements, at September 30, 2012   $ 1,733,192,789