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SEGMENT INFORMATION (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Voyage Revenue from External Customers                      
Total consolidated voyage revenue from external customers                 $ 223,159 $ 388,929 $ 447,438
Depreciation and amortization                      
Total consolidated depreciation and amortization                 139,063 136,203 115,663
Interest expense                      
Total consolidated interest expense                 87,558 86,722 72,650
Net (loss) income                      
Total consolidated net (loss) income (48,864) (42,037) (30,492) (36,383) 1,652 1,417 9,828 12,171 (157,776) 25,068 147,409
Total assets                      
Total consolidated assets 2,843,371       3,119,277       2,843,371 3,119,277  
Expenditures for vessels                      
Total consolidated expenditures for vessels                 1,155 130,328 984,905
Operating segments
                      
Voyage Revenue from External Customers                      
Total consolidated voyage revenue from external customers                 223,159 388,929 447,438
Intersegment revenue                      
Total consolidated intersegment revenue                 2,816 3,024 5,490
Depreciation and amortization                      
Total consolidated depreciation and amortization                 139,219 136,359 115,740
Interest expense                      
Total consolidated interest expense                 87,558 86,722 72,650
Net (loss) income                      
Total consolidated net (loss) income                 (156,565) 27,478 153,001
Total assets                      
Total consolidated assets 2,846,856       3,122,943       2,846,856 3,122,943  
Expenditures for vessels                      
Total consolidated expenditures for vessels                 1,155 131,406 987,666
GS & T
                      
Voyage Revenue from External Customers                      
Total consolidated voyage revenue from external customers                 195,855 345,437 414,879
Intersegment revenue                      
Total consolidated intersegment revenue                 2,816 3,024 5,490
Depreciation and amortization                      
Total consolidated depreciation and amortization                 124,405 121,590 108,381
Interest expense                      
Total consolidated interest expense                 83,306 82,300 70,495
Net (loss) income                      
Total consolidated net (loss) income                 (139,295) 27,908 144,679
Total assets                      
Total consolidated assets 2,482,486       2,737,988       2,482,486 2,737,988  
Expenditures for vessels                      
Total consolidated expenditures for vessels                 1,155 128,836 597,908
Baltic Trading
                      
Voyage Revenue from External Customers                      
Total consolidated voyage revenue from external customers                 27,304 43,492 32,559
Depreciation and amortization                      
Percentage of purchase fee capitalized as part of vessel assets                 1.00%    
Total consolidated depreciation and amortization                 14,814 14,769 7,359
Interest expense                      
Total consolidated interest expense                 4,252 4,422 2,155
Net (loss) income                      
Total consolidated net (loss) income                 (17,270) (430) 8,322
Total assets                      
Total consolidated assets 364,370       384,955       364,370 384,955  
Expenditures for vessels                      
Total consolidated expenditures for vessels                   2,570 389,758
Intersegment elimination
                      
Intersegment revenue                      
Total consolidated intersegment revenue                 (2,816) (3,024) (5,490)
Depreciation and amortization                      
Total consolidated depreciation and amortization                 (156) (156) (77)
Net (loss) income                      
Total consolidated net (loss) income                 1,211 2,410 5,592
Total assets                      
Total consolidated assets (3,485)       (3,666)       (3,485) (3,666)  
Expenditures for vessels                      
Total consolidated expenditures for vessels                   $ (1,078) $ (2,761)