SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income taxes
Total revenue earned	$ 819	$ 819	$ 1,629	$ 1,638
Taxable income	(48,646)	(30,149)	(100,372)	(66,262)
Income tax expense	294	343	518	615
Baltic Trading | United States
Income taxes
Taxable income	639	755	639	1,121
Income tax expense	13	15	13	22
Vessel management services
Income taxes
Total revenue earned	1,515	1,530	3,005	3,045
Taxable income	625	728	1,217	1,321
Income tax expense	281	328	505	593
Vessel management services | Intersegment elimination
Income taxes
Total revenue earned	$ 696	$ 711	$ 1,376	$ 1,407