Bank Loans (Details Textual)
¥ in Thousands |
3 Months Ended |
9 Months Ended |
|
|
|
Sep. 30, 2016
USD ($)
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2016
USD ($)
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2016
CNY (¥)
|
Dec. 31, 2015
USD ($)
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Weighted average interest rate for long-term bank loans |
4.40%
|
2.90%
|
4.40%
|
2.90%
|
4.40%
|
|
| Weighted average interest rate for short-term bank loans |
6.20%
|
5.70%
|
6.20%
|
5.70%
|
6.20%
|
|
| Interest expense |
$ 866,827
|
$ 817,321
|
$ 2,201,656
|
$ 2,856,516
|
|
|
| Interest expense capitalized to construction-in-progress |
128,279
|
$ 0
|
544,984
|
$ 0
|
|
|
| Restricted cash deposit |
$ 4,039,344
|
|
$ 4,039,344
|
|
|
$ 1,577,642
|
| Export-Import Bank of China [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
4.75%
|
|
4.75%
|
|
4.75%
|
4.75%
|
| Debt Instrument, maturity date |
|
|
Dec. 10, 2017
|
|
|
|
| Long-term debt description |
|
|
Collateralized by Hong Long's investment in equity interest of a China local bank
|
|
|
|
| Export-Import Bank of China One [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
4.75%
|
|
4.75%
|
|
4.75%
|
4.75%
|
| Debt Instrument, maturity date |
|
|
Dec. 10, 2017
|
|
|
|
| Long-term debt description |
|
|
Collateralized by Fujian International Trading and Transportation Co., Ltd.'s investment in equity interest of a China local bank
|
|
|
|
| Export-Import Bank of China Two [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
4.75%
|
|
4.75%
|
|
4.75%
|
4.75%
|
| Debt Instrument, maturity date |
|
|
Dec. 10, 2017
|
|
|
|
| Long-term debt description |
|
|
Guaranteed by Hong Long
|
|
|
|
| Export-Import Bank of China Three [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
4.90%
|
|
4.90%
|
|
4.90%
|
|
| Debt Instrument, maturity date |
|
|
Jan. 30, 2023
|
|
|
|
| Long-term debt description |
|
|
Guaranteed by Huanghai Ship Construction Co., Ltd, Xinrong Zhuo and Ping Lin and collateralized by 2 fishing vessels under construction
|
|
|
|
| China Development Bank [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
5.145%
|
|
5.145%
|
|
5.145%
|
5.145%
|
| Debt Instrument, maturity date |
|
|
Nov. 27, 2023
|
|
|
|
| Long-term debt description |
|
|
Guaranteed by Xinrong Zhuo, Honghong Zhuo, Mr. and Mrs. Zhiyan Lin and 6 fishing vessels
|
|
|
|
| China Development Bank [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
|
|
|
|
|
3.395%
|
| Debt Instrument, maturity date |
|
|
Feb. 11, 2016
|
|
|
|
| Variable annual interest rate description |
|
|
Variable annual interest rate based on London Interbank Offered Rate ("LIBOR")(1) plus 245 basis points
|
|
|
|
| China Development Bank One [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
2.941%
|
|
2.941%
|
|
2.941%
|
2.941%
|
| Debt Instrument, maturity date |
|
|
Nov. 25, 2016
|
|
|
|
| Variable annual interest rate description |
|
|
Variable annual interest rate based on LIBOR(1) plus 230 basis points
|
|
|
|
| Restricted cash deposit |
$ 800,000
|
|
$ 800,000
|
|
¥ 5,120
|
|
| China Development Bank Two [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
3.049%
|
|
3.049%
|
|
3.049%
|
3.049%
|
| Debt Instrument, maturity date |
|
|
Dec. 09, 2016
|
|
|
|
| Variable annual interest rate description |
|
|
Variable annual interest rate based on LIBOR(1) plus 230 basis points
|
|
|
|
| Restricted cash deposit |
$ 800,000
|
|
$ 800,000
|
|
¥ 5,120
|
|
| Fujian Haixia Bank [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
|
|
|
|
|
7.36%
|
| Debt Instrument, maturity date |
|
|
Sep. 07, 2016
|
|
|
|
| Short-term debt description |
|
|
Collateralized by Pingtan Fishing's 17 fishing vessels
|
|
|
|
| Fujian Haixia Bank One [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
|
|
|
|
|
1.621%
|
| Debt Instrument, maturity date |
|
|
Sep. 20, 2016
|
|
|
|
| Short-term debt description |
|
|
Collateralized by Pingtan Fishing's 17 fishing vessels
|
|
|
|
| Fujian Haixia Bank Two [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
3.211%
|
|
3.211%
|
|
3.211%
|
|
| Debt Instrument, maturity date |
|
|
Mar. 21, 2017
|
|
|
|
| Variable annual interest rate description |
|
|
Variable annual interest rate based on LIBOR(1) plus 230 basis points
|
|
|
|
| Restricted cash deposit |
$ 600,000
|
|
$ 600,000
|
|
¥ 4,000
|
|
| Fujian Haixia Bank Three [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
3.204%
|
|
3.204%
|
|
3.204%
|
|
| Debt Instrument, maturity date |
|
|
Apr. 18, 2017
|
|
|
|
| Variable annual interest rate description |
|
|
Variable annual interest rate based on LIBOR(1) plus 230 basis points
|
|
|
|
| Restricted cash deposit |
$ 600,000
|
|
$ 600,000
|
|
¥ 4,000
|
|
| Fujian Haixia Bank Four [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
6.96%
|
|
6.96%
|
|
6.96%
|
|
| Debt Instrument, maturity date |
|
|
Sep. 13, 2017
|
|
|
|
| Short-term debt description |
|
|
Collateralized by Pingtan Fishing's 17 fishing vessels
|
|
|
|
| Fujian Haixia Bank Five [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
1.529%
|
|
1.529%
|
|
1.529%
|
|
| Debt Instrument, maturity date |
|
|
Sep. 22, 2017
|
|
|
|
| Short-term debt description |
|
|
Collateralized by Pingtan Fishing's 17 fishing vessels
|
|
|
|
| China Development Bank Three [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
3.257%
|
|
3.257%
|
|
3.257%
|
|
| Debt Instrument, maturity date |
|
|
Apr. 18, 2017
|
|
|
|
| Variable annual interest rate description |
|
|
Variable annual interest rate based on LIBOR(1) plus 230 basis points
|
|
|
|
| Restricted cash deposit |
$ 300,000
|
|
$ 300,000
|
|
¥ 2,000
|
|
| China Development Bank Four [Member] |
|
|
|
|
|
|
| Bank loans (Textual) |
|
|
|
|
|
|
| Annual interest rate |
3.51%
|
|
3.51%
|
|
3.51%
|
|
| Debt Instrument, maturity date |
|
|
Aug. 22, 2017
|
|
|
|
| Variable annual interest rate description |
|
|
Variable annual interest rate based on LIBOR(1) plus 230 basis points
|
|
|
|
| Restricted cash deposit |
$ 1,000,000
|
|
$ 1,000,000
|
|
¥ 6,700
|
|