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VESSEL ACQUISITIONS (Details) (USD $) In Thousands, unless otherwise specified | 12 Months Ended |  |  |  | 12 Months Ended |
--- | --- | --- | --- | --- | --- | ---
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Oct. 31, 2013 Agreement to Purchase Capesize Drybulk Vessels [Member] Purchase agreement with SK Shipping Co LTD [Member] Baltic Trading Limited [Member] Vessel | Dec. 31, 2011 Handysize Newbuilding Vessel [Member] Purchase Agreement with Metrostar Companies [Member] GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] Vessel | Jul. 02, 2013 Handysize Vessel purchase [Member] Subsidiaries of Clipper Group [Member] Baltic Trading Limited [Member] Vessel | Dec. 31, 2013 Yangfan Group Co., LTD [Member] Agreement to Purchase Ultramax Drybulk Vessels [Member] Baltic Trading Limited [Member] | Nov. 13, 2013 Yangfan Group Co., LTD [Member] Agreement to Purchase Ultramax Drybulk Vessels [Member] Baltic Trading Limited [Member] Vessel t
Significant Acquisitions and Disposals [Line Items] |  |  |  |  |  |  |  |
Number of vessels purchased |  |  |  | 2 |  | 2 |  | 2
Aggregate purchase price |  |  |  | $ 103,000 |  | $ 41,000 |  | $ 112,000
Purchase price per vessel |  |  |  |  |  |  |  | 28,000
Number of vessels purchased under option to be acquired per purchase agreement |  |  |  |  |  |  |  | 2
Capacity of Vessels in Deadweight Tonnage |  |  |  |  |  |  |  | 64,000
Total vessel deposits made during the period |  |  |  |  |  |  | 1,013 |
Number of vessels committed to be acquired under purchase agreement |  |  |  |  |  |  |  | 4
Face amount of term loan facility | 253,000 |  |  | 44,000 |  | 22,000 |  |
Number of vessels acquired, having below market time charters |  |  |  |  | 2 |  |  |
Liability for time charter acquired |  |  | 578 |  |  |  |  |
Amortization of time charters acquired | 334 | 746 | 1,611 |  |  |  |  |
Remaining unamortized fair market value of time charter acquired | 84 | 418 |  |  |  |  |  |
Weighted-average amortization period of fair market value of time charters acquired | 0 years 6 months 22 days |  |  |  |  |  |  |
Fair market value of time charter acquired to be amortized [Abstract] |  |  |  |  |  |  |  |
2014 | 84 |  |  |  |  |  |  |
Capitalized interest associated with newbuilding contracts | $ 0 | $ 0 | $ 179 |  |  |  |  |

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- Definition Represents the capacity of vessels expressed in deadweight tonnage (dwt), a measure of weight a ship is carrying or can safely carry. + References No definition available. + Details
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- Definition The capitalized liability related to an existing below-market time charter that is acquired with a vessel purchase which is amortized as an increase in voyage revenue over the remaining term of the existing charter. + References No definition available. + Details
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- Definition Represents the amount of amortization of the fair market value of time charter expected to be recognized during the next fiscal year following the latest fiscal year. + References No definition available. + Details
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- Definition Represents the number of vessels acquired by the entity which had existing below market time charters at the time of the acquisitions. + References No definition available. + Details
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