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SUBSEQUENT EVENTS
12 Months Ended
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.