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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Vessels, net      
Estimated useful life 25 years    
Depreciation expense $ 32,739 $ 33,091  
Estimated scrap value (in dollars per lightweight ton) 245.00    
Deferred revenue      
Accrual related to estimated customer claims 318   407
Voyage expense recognition      
Net gain on purchase and sale of bunker fuel $ 364 $ 720  
Baltic Trading Limited
     
Noncontrolling interest      
Economic interest held by noncontrolling interest (as a percent) 75.22%   75.22%
Voting power (as a percent) 16.83%   16.83%