Quarterly report pursuant to sections 13 or 15(d)

ACCRUED EXPENSES AND OTHER PAYABLES (Details)

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ACCRUED EXPENSES AND OTHER PAYABLES (Details) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Accrued Liabilities and Other Liabilities $ 13,046,446 $ 3,738,134 [1]
Pingtan Marine Enterprise [Member]
   
Accrued interest 204,054 0
Accrued salaries and wages 20,000 0
Other payables 132,059 18
Accrued Liabilities and Other Liabilities $ 356,113 $ 18
[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.