TERM LOANS (Details Textual) (USD $)
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3 Months Ended | 6 Months Ended | ||||||
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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Jun. 30, 2012
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Dec. 31, 2012
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Interest Expense, Long-term Debt | $ 432,571 | $ 151,200 | $ 834,525 | $ 151,200 | ||||
Short-term loans | 20,144,510 | 20,144,510 | 25,169,260 | [1] | ||||
Interest Costs Capitalized | 25,220 | 83,524 | 25,220 | 83,524 | ||||
Industrial Commercial Bank Of China, Fuzhou Dongjiekou Branch Transaction Eleven [Member]
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Debt Instrument, Maturity Date | Oct. 31, 2013 | |||||||
Debt Instrument, Periodic Payment, Principal | 5,873,210 | |||||||
China Minsheng Banking Corp Limited [Member]
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Short-term loans | 0 | 0 | 3,645,817 | |||||
Debt Instrument, Maturity Date | Apr. 18, 2015 | |||||||
Debt Instrument, Collateral | Pingtan Fishing put 10 fishing vessels, as collateral to secure Hong Longs long-term loans from the financial institution in amount of approximately $10.6 million | |||||||
Debt Instrument Guaranteed Payment | 45,600,000 | |||||||
Shanghaipudong Development Corporation Limited [Member]
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Short-term loans | 8,100,000 | 8,100,000 | ||||||
Debt Instrument, Maturity Date | Sep. 05, 2013 | |||||||
Debt Instrument, Collateral | Pingtan Fishing provided certain guarantees to Hong Long for its short-term loans from Shanghai Pudong Development Corporation Limited, Fuzhou Branch, in maximum guarantee amount of approximately $8.1 million. | |||||||
China Citic Bank [Member]
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Short-term loans | 24,400,000 | 24,400,000 | ||||||
Debt Instrument, Maturity Date | Sep. 21, 2013 | |||||||
Debt Instrument, Collateral | Pingtan Fishing provided certain guarantees to Hong Long for its short-term loans from China CITIC Bank Corporation Limited, in maximum guarantee amount of approximately $24.4 million. | |||||||
Industrial and Commercial Bank Of China [Member]
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Short-term loans | $ 11,183,061 | $ 11,183,061 | $ 14,390,323 | |||||
Debt Instrument, Maturity Date | Jan. 28, 2016 | |||||||
Debt Instrument, Collateral | Pingtan Fishing provided certain guarantees to Hong Long for its term loans from Industrial and Commercial Bank of China. Fuzhou Jinshan Branch, in maximum guarantee amount of approximately $13.0 million. | |||||||
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