Quarterly report pursuant to sections 13 or 15(d)

COMMITMENTS (Details 2)

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COMMITMENTS (Details 2) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Outstanding principal $ 155,166,195 $ 0 [1]
PME [Member]
   
Outstanding principal 155,166,195  
Outstanding interest 12,430,301  
Capital Commitments Future Payments Promissory Note Due $ 167,596,496  
[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.