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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2012

SEGMENT INFORMATION

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

		For the years ended December 31,
		2012			2011			2010
Voyage Revenue from External Customers
GS&T		$	195,855		$	345,437		$	414,879
Baltic Trading		27,304			43,492			32,559
Total operating segments		223,159			388,929			447,438
Eliminating revenue		—			—			—
Total consolidated voyage revenue from external customers		$	223,159		$	388,929		$	447,438

Schedule of reconciliation of total intersegment revenue

		For the years ended December 31,
		2012			2011			2010
Intersegment revenue
GS&T		$	2,816		$	3,024		$	5,490
Baltic Trading		—			—			—
Total operating segments		2,816			3,024			5,490
Eliminating revenue		(2,816		)	(3,024		)	(5,490		)
Total consolidated intersegment revenue		$	—		$	—		$	—

Schedule of reconciliation of segment total depreciation and amortization expense to total consolidated depreciation and amortization expense

		For the years ended December 31,
		2012			2011			2010
Depreciation and amortization
GS&T		$	124,405		$	121,590		$	108,381
Baltic Trading		14,814			14,769			7,359
Total operating segments		139,219			136,359			115,740
Eliminating depreciation and amortization		(156		)	(156		)	(77		)
Total consolidated depreciation and amortization		$	139,063		$	136,203		$	115,663

Schedule of reconciliation of total interest expense for the Company's two operating segments to total consolidated interest expense

		For the years ended December 31,
		2012			2011			2010
Interest expense
GS&T		$	83,306		$	82,300		$	70,495
Baltic Trading		4,252			4,422			2,155
Total operating segments		87,558			86,722			72,650
Eliminating interest expense		—			—			—
Total consolidated interest expense		$	87,558		$	86,722		$	72,650

Schedule of reconciliation of Segment total net (loss) income to total consolidated net (loss) income

		For the years ended December 31,
		2012			2011			2010
Net (loss) income
GS&T		$	(139,295	)	$	27,908		$	144,679
Baltic Trading		(17,270		)	(430		)	8,322
Total operating segments		(156,565		)	27,478			153,001
Eliminating net income		1,211			2,410			5,592
Total consolidated net (loss) income		$	(157,776	)	$	25,068		$	147,409

Schedule of reconciliation of Segment total assets to total consolidated assets

		December 31, 2012			December 31, 2011
Total assets
GS&T		$	2,482,486		$	2,737,988
Baltic Trading		364,370			384,955
Total operating segments		2,846,856			3,122,943
Eliminating assets		(3,485		)	(3,666		)
Total consolidated assets		$	2,843,371		$	3,119,277

Schedule of reconciliation of segment total expenditures for vessel purchases, including vessel deposits to total consolidated expenditures for vessel purchases, including vessel deposits

		For the years ended December 31,
		2012			2011			2010
Expenditures for vessels
GS&T		$	1,155		$	128,836		$	597,908
Baltic Trading		—			2,570			389,758
Total operating segments		1,155			131,406			987,666
Eliminating expenditures for vessels		—			(1,078		)	(2,761		)
Total consolidated expenditures for vessels		$	1,155		$	130,328		$	984,905

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