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NONVESTED STOCK AWARDS (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Number of Shares    
Forfeited (in shares) (1,500) (1,100)
Balance at the end of the period (in shares) 935,287  
GS&T Plan
   
Number of Shares    
Balance at the beginning of the period (in shares) 936,787  
Granted (in shares) 15,000  
Vested (in shares) (15,000)  
Forfeited (in shares) (1,500)  
Balance at the end of the period (in shares) 935,287  
Weighted Average Grant Date Price    
Balance at the beginning of the period (in dollars per share) 14.06  
Granted (in dollars per share) 3.50  
Vested (in dollars per share) 8.00  
Forfeited (in dollars per share) 6.39  
Balance at the end of the period (in dollars per share) 14.00  
Additional disclosures    
Total fair value of shares vested 53 120
Unrecognized compensation cost related to nonvested stock awards    
Unrecognized future compensation cost 4,800  
Weighted-average period for recognition of unrecognized compensation cost 2 years 11 months 5 days  
Baltic Trading Plan | Baltic Trading Limited
   
Number of Shares    
Balance at the beginning of the period (in shares) 545,750  
Granted (in shares) 12,500  
Vested (in shares) (129,000)  
Balance at the end of the period (in shares) 429,250  
Weighted Average Grant Date Price    
Balance at the beginning of the period (in dollars per share) 11.60  
Granted (in dollars per share) 3.86  
Vested (in dollars per share) 13.31  
Balance at the end of the period (in dollars per share) 10.86  
Additional disclosures    
Total fair value of shares vested 505 1,131
Unrecognized compensation cost related to nonvested stock awards    
Unrecognized future compensation cost 1,434  
Weighted-average period for recognition of unrecognized compensation cost 1 year 11 months 16 days