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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2012

SEGMENT INFORMATION

Schedule of reconciliation of Segment total voyage revenue to total consolidated voyage revenue from external customers

		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
		2012			2011			2012			2011
Voyage revenue from external customers
GS&T		$	47,312		$	82,586		$	154,552		$	262,259
Baltic Trading		6,291			10,898			20,188			30,355
Total operating segments		53,603			93,484			174,740			292,614
Eliminating revenue		—			—			—			—
Total consolidated voyage revenue from external customers		$	53,603		$	93,484		$	174,740		$	292,614

Schedule of reconciliation of total intersegment revenue

		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
		2012			2011			2012			2011
Intersegment revenue
GS&T		$	703		$	760		$	2,109		$	2,232
Baltic Trading		—			—			—			—
Total operating segments		703			760			2,109			2,232
Eliminating revenue		(703		)	(760		)	(2,109		)	(2,232		)
Total consolidated intersegment revenue		$	—		$	—		$	—		$	—

Schedule of reconciliation of Segment total net income to total consolidated net income

		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
		2012			2011			2012			2011
Net (loss) income
GS&T		$	(36,969	)	$	2,144		$	(94,779	)	$	27,422
Baltic Trading		(4,822		)	(194		)	(12,942		)	(2,241		)
Total operating segments		(41,791		)	1,950			(107,721		)	25,181
Eliminating net loss		(246		)	(533		)	(1,194		)	(1,763		)
Total consolidated net (loss) income		$	(42,037	)	$	1,417		$	(108,915	)	$	23,418

Schedule of reconciliation of Segment total assets to total consolidated assets

		September 30, 2012			December 31, 2011
Total assets
GS&T		$	2,529,964		$	2,737,988
Baltic Trading		368,127			384,955
Total operating segments		2,898,091			3,122,943
Eliminating assets		(3,518		)	(3,666		)
Total consolidated assets		$	2,894,573		$	3,119,277

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