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SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2013
SUBSEQUENT EVENTS [Abstract] |
SUBSEQUENT EVENTS | 25 - SUBSEQUENT EVENTS On February 25, 2014, Baltic Trading declared a dividend of $0.03 per share to be paid on or about March 17, 2014 to shareholders of record as of March 10, 2014. The aggregate amount of the dividend was approximately $1,726, of which approximately $1,535 was paid to minority shareholders, which was funded from cash on hand at the time payment was be made. On April 3, 2014, the Company entered into the SEB Bank Guarantee in order to release the Genco Auvergne from its arrest due to a disputed claim on March 28, 2014. Refer to Note 23 – Legal Proceedings for further information. For details of the Relief Agreements that the Company entered into on March 31, 2014, additional related agreements that the Company entered into on April 1, 2014, the Support Agreement that the Company entered into on April 3, 2014, certain actual or potential defaults under the Company’s indebtedness, and the anticipated Chapter 11 Case, please refer to Note 1 – General Information.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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