Quarterly report pursuant to sections 13 or 15(d)

RELATED PARTY TRANSACTIONS (Details)

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RELATED PARTY TRANSACTIONS (Details) (Pingtan Marine Enterprise [Member], USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Related Party Transaction Interest Expense And Service Fee $ 1,579,853 $ 0 $ 1,883,907 $ 0
Fuzhou Honglong Ocean Fishing Co Ltd [Member]
       
Interest expense 1,464,416 [1] 0 [1] 1,768,470 [1] 0 [1]
Hai Yi Shipping Limited [Member]
       
Service fee $ 115,437 [2] $ 0 [2] $ 115,437 [2] $ 0 [2]
[1] On June 19, 2013, the Company issued note payable in the principal sum of $155.2 million to Hong Long. Interest has accrued from the date of this unsecured promissory note on the unpaid principal amount at a rate equal to four percent (4.0%) per annum, simple interest.
[2] On July 1, 2013, the Company entered into a service agreement with Hai Yi Shipping Limited that provided the Company a portion of use of premises located in Hong Kong as office, and clerical and administrative support and consultation services. The agreement will expire on December 31, 2014.