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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2013
SEGMENT INFORMATION  
Schedule of reconciliation of Segment total voyage revenue to total consolidated voyage revenue from external customers

 

 

 

For the Three Months Ended
June 30,

 

For the Six Months Ended
June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Voyage revenue from external customers

 

 

 

 

 

 

 

 

 

GS&T

 

$

38,562

 

$

54,509

 

$

72,252

 

$

107,240

 

Baltic Trading

 

6,379

 

7,603

 

12,365

 

13,897

 

Total operating segments

 

44,941

 

62,112

 

84,617

 

121,137

 

Eliminating revenue

 

 

 

 

 

Total consolidated voyage revenue from external customers

 

$

44,941

 

$

62,112

 

$

84,617

 

$

121,137

 

Schedule of reconciliation of total intersegment revenue

 

 

 

For the Three Months Ended
June 30,

 

For the Six Months Ended
June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Intersegment revenue

 

 

 

 

 

 

 

 

 

GS&T

 

$

696

 

$

711

 

$

1,376

 

$

1,407

 

Baltic Trading

 

 

 

 

 

Total operating segments

 

696

 

711

 

1,376

 

1,407

 

Eliminating revenue

 

(696

)

(711

)

(1,376

)

(1,407

)

Total consolidated intersegment revenue

 

$

 

$

 

$

 

$

 

Schedule of reconciliation of Segment total net loss to total consolidated net loss

 

 

 

For the Three Months Ended
June 30,

 

For the Six Months Ended
June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Net loss

 

 

 

 

 

 

 

 

 

GS&T

 

$

(44,297

)

$

(26,588

)

$

(91,145

)

$

(57,808

)

Baltic Trading

 

(4,625

)

(3,661

)

(9,708

)

(8,121

)

Total operating segments

 

(48,922

)

(30,249

)

(100,853

)

(65,929

)

Eliminating net income

 

18

 

243

 

37

 

948

 

Total consolidated net loss

 

$

(48,940

)

$

(30,492

)

$

(100,890

)

$

(66,877

)

Schedule of reconciliation of Segment total assets to total consolidated assets

 

 

 

June 30, 2013

 

December 31,
2012

 

Total assets

 

 

 

 

 

GS&T

 

$

2,402,960

 

$

2,482,486

 

Baltic Trading

 

378,102

 

364,370

 

Total operating segments

 

2,781,062

 

2,846,856

 

Eliminating assets

 

(3,402

)

(3,485

)

Total consolidated assets

 

$

2,777,660

 

$

2,843,371