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SUBSEQUENT EVENTS (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended | 0 Months Ended |  | 0 Months Ended
--- | --- | --- | --- | ---
Jun. 30, 2013 | Jul. 30, 2013 Subsequent events Baltic Trading Limited | Jul. 02, 2013 Subsequent events Baltic Trading Limited Agreement to purchase vessels item | Jul. 02, 2013 Subsequent events Baltic Trading Limited Agreement to purchase vessels Handysize drybulk vessel built in 2010 item | Jul. 02, 2013 Subsequent events Baltic Trading Limited Agreement to purchase vessels Handysize drybulk vessel built in 2009 item | Jul. 30, 2013 Subsequent events Baltic Trading Limited Minority shareholders
Subsequent Events |  |  |  |  |  |
Dividends declared per share (in dollars per share) | $ 0.00 | $ 0.01 |  |  |  |
Aggregate amount of the dividend |  | $ 296 |  |  |  | $ 238
Capacity of vessels agreed to be purchased (in dwt) |  |  |  | 31,883 | 31,887 |
Aggregate purchase price |  |  | 41,000 |  |  |
Commitment for commercial bank financing obtained |  |  | 20,000 |  |  |
Number of quarterly installments in which the credit facility is to be repaid |  |  | 24 |  |  |
Amount of quarterly repayment installments to be paid |  |  | 375 |  |  |
Period after latest vessel delivery date for first periodic repayment |  |  | 3 months |  |  |
Balloon payment payable concurrently with the last repayment installment |  |  | $ 13,000 |  |  |
Variable interest rate basis |  |  | three-month LIBOR |  |  |
Margin added to reference rate (as a percent) |  |  | 3.35% |  |  |

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