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SEGMENT INFORMATION (Details) (USD $) In Thousands, unless otherwise specified | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 item | Jun. 30, 2012 | Dec. 31, 2012
SEGMENT INFORMATION |  |  |  |  |
Number of operating segments |  |  | 2 |  |
Voyage revenue from external customers |  |  |  |  |
Total consolidated voyage revenue from external customers | $ 44,941 | $ 62,112 | $ 84,617 | $ 121,137 |
Net loss |  |  |  |  |
Total consolidated net loss | (48,940) | (30,492) | (100,890) | (66,877) |
Total assets |  |  |  |  |
Total consolidated assets | 2,777,660 |  | 2,777,660 |  | 2,843,371
Operating segments |  |  |  |  |
Voyage revenue from external customers |  |  |  |  |
Total consolidated voyage revenue from external customers | 44,941 | 62,112 | 84,617 | 121,137 |
Intersegment revenue |  |  |  |  |
Total consolidated intersegment revenue | 696 | 711 | 1,376 | 1,407 |
Net loss |  |  |  |  |
Total consolidated net loss | (48,922) | (30,249) | (100,853) | (65,929) |
Total assets |  |  |  |  |
Total consolidated assets | 2,781,062 |  | 2,781,062 |  | 2,846,856
GS & T |  |  |  |  |
Voyage revenue from external customers |  |  |  |  |
Total consolidated voyage revenue from external customers | 38,562 | 54,509 | 72,252 | 107,240 |
Intersegment revenue |  |  |  |  |
Total consolidated intersegment revenue | 696 | 711 | 1,376 | 1,407 |
Net loss |  |  |  |  |
Total consolidated net loss | (44,297) | (26,588) | (91,145) | (57,808) |
Total assets |  |  |  |  |
Total consolidated assets | 2,402,960 |  | 2,402,960 |  | 2,482,486
Baltic Trading |  |  |  |  |
Voyage revenue from external customers |  |  |  |  |
Total consolidated voyage revenue from external customers | 6,379 | 7,603 | 12,365 | 13,897 |
Net loss |  |  |  |  |
Total consolidated net loss | (4,625) | (3,661) | (9,708) | (8,121) |
Total assets |  |  |  |  |
Total consolidated assets | 378,102 |  | 378,102 |  | 364,370
Intersegment elimination |  |  |  |  |
Intersegment revenue |  |  |  |  |
Total consolidated intersegment revenue | (696) | (711) | (1,376) | (1,407) |
Net loss |  |  |  |  |
Total consolidated net loss | 18 | 243 | 37 | 948 |
Total assets |  |  |  |  |
Total consolidated assets | $ (3,402) |  | $ (3,402) |  | $ (3,485)

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- Definition Revenue from transporting cargo and freight between locations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(d)) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Audit and Accounting Guide (AAG) -Number AAG-AIR -Paragraph 4 -IssueDate 2003-05-01 -Chapter 3 -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. + Details
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- Definition Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues. + References No definition available. + Details
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