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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
USDperlwt
Sep. 30, 2011
Dec. 31, 2011
Vessels, net          
Useful life     25 years    
Depreciation $ 33,462 $ 33,054 $ 99,646 $ 96,773  
Estimated scrap value (in dollars per lightweight ton)     245.00    
Deferred revenue          
Accrual related to estimated customer claims 563   563   762
Voyage expense recognition          
Gain (loss) on purchase and sale of bunker fuel $ 242 $ 666 $ 1,665 $ 2,319  
Baltic Trading Limited
          
Noncontrolling interest          
Economic interest held by noncontrolling interest (as a percent) 74.91%   74.91%   74.89%
Voting power (as a percent) 16.60%   16.60%   16.59%