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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Income taxes
Total revenue earned	$ 810	$ 819
Taxable income	(51,726)	(36,112)
Income tax expense	224	271
Baltic Trading | United States
Income taxes
Taxable income		366
Income tax expense	0	7
Vessel management services
Income taxes
Total revenue earned	1,490	1,514
Taxable income	592	593
Income tax expense	224	264
Vessel management services | Intersegment elimination
Income taxes
Total revenue earned	$ 680	$ 695

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Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h)(1)(i))

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-Number 210

-Section 08

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The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

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-Name Statement of Financial Accounting Standard (FAS)

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-Paragraph 45

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

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Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts.

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-Publisher FASB

-Name Accounting Standards Codification

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-Subparagraph (SX 210.5-03.1(d))

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