Quarterly report pursuant to sections 13 or 15(d)

TERM LOANS (Details)

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TERM LOANS (Details) (USD $)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Short-term loans $ 20,144,510   $ 20,144,510   $ 25,169,260 [1]
Maximum balance outstanding during the period/year     25,169,260   25,169,260
Interest expense for the three months ended June 30, 2013 and 2012 277,794 499,728 561,217 914,342  
Weighted average interest rate for the six months ended June 30, 2013 and 2012 1.30%   1.30%   2.00%
Industrial and Commercial Bank Of China [Member]
         
Short-term loans 11,183,061   11,183,061   14,390,323
Fujian Haixia Bank [Member]
         
Short-term loans 8,961,449   8,961,449   7,133,120
China Minsheng Banking Corp Limited [Member]
         
Short-term loans $ 0   $ 0   $ 3,645,817
[1] Represents the consolidation retrospectively restated as if Pingtan Marine Enterprise Ltd. (formerly known as China Growth Equity Investment Ltd.) completed its merger with China Dredging Group Co., Ltd. and the share purchase of Merchant Supreme Co., Ltd. on January 1, 2012 rather than on February 25, 2013.