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OTHER ASSETS, NET (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended			3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011	Sep. 30, 2012 2010 Notes	Sep. 30, 2011 2010 Notes	Sep. 30, 2012 2010 Notes	Sep. 30, 2011 2010 Notes	Dec. 31, 2011 2010 Notes	Sep. 30, 2012 2007 Credit Facility	Dec. 31, 2011 2007 Credit Facility	Sep. 30, 2012 $100 Million Term Loan Facility	Dec. 31, 2011 $100 Million Term Loan Facility	Aug. 12, 2010 $100 Million Term Loan Facility	Sep. 30, 2012 $253 Million Term Loan Facility	Dec. 31, 2011 $253 Million Term Loan Facility	Aug. 20, 2010 $253 Million Term Loan Facility	Sep. 30, 2012 2010 Baltic Trading Credit Facility	May 31, 2012 2010 Baltic Trading Credit Facility	Dec. 31, 2011 2010 Baltic Trading Credit Facility	Nov. 30, 2010 2010 Baltic Trading Credit Facility	Apr. 16, 2010 2010 Baltic Trading Credit Facility
Other assets, net
Maximum borrowing capacity											$ 1,055,912		$ 100,000		$ 100,000	$ 253,000		$ 253,000		$ 135,000		$ 150,000	$ 100,000
Total deferred financing costs	43,211		43,211		25,544	3,637		3,637		3,637	29,923	13,189	1,822	1,578		4,802	4,113		3,027		3,027
Less: accumulated amortization	11,304		11,304		7,749
Total	31,907		31,907		17,795
Amortization of deferred financing costs	$ 1,596	$ 796	$ 3,555	$ 2,368		$ 181	$ 181	$ 540	$ 538

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Carrying amount of accumulated amortization of long-term deferred finance costs capitalized at the end of the reporting period.

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Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense.

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Gross amount, as of the balance sheet date, of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings in periods after one year or beyond the normal operating cycle, if longer, over the life of the long-term debt instruments to which such costs pertain.

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