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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net (loss) income $ (157,021) $ (157,776) $ 25,068
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation and amortization 140,743 139,063 136,203
Amortization of deferred financing costs 9,116 5,413 3,188
Amortization of time charters acquired (334) (746) (1,611)
Amortization of discount on Convertible Senior Notes 4,963 4,537 4,072
Receipt of stock in lieu of cash payment (100) 0 0
Unrealized loss (gain) on derivative instruments 4 (100) (51)
Amortization of nonvested stock compensation expense 4,482 5,864 8,338
Change in assets and liabilities:      
(Increase) decrease in due from charterers (2,527) 1,974 (4,894)
Increase in prepaid expenses and other current assets (919) (437) (3,721)
Increase in other noncurrent assets 0 0 (514)
Increase (decrease) in accounts payable and accrued expenses 2,765 (4,880) 1,091
Increase (decrease) in deferred revenue 273 (2,903) (6,139)
Increase in lease obligations 143 1,324 1,166
Deferred drydock costs incurred (4,732) (10,167) (4,013)
Net cash (used in) provided by operating activities (3,144) (18,834) 158,183
Cash flows from investing activities:      
Purchase of vessels, including deposits (145,350) (1,155) (130,328)
Changes in deposits of restricted cash 0 (400) (750)
Purchase of other fixed assets (1,205) (2,114) (2,289)
Net cash used in investing activities (146,555) (3,669) (133,367)
Cash flows from financing activities:      
Repayments on the 2007 Credit Facility 0 (118,588) (102,500)
Proceeds from the 2010 Baltic Trading Credit Facility 1,000 0 0
Proceeds from issuance of common stock 0 50,721 0
Payment of common stock issuance costs 0 (847) 0
Payment of Convertible Senior Notes issuance costs 0 0 (51)
Proceeds from issuance of common stock by subsidiary 136,980 0 0
Payment of common stock issuance costs by subsidiary (706) 0 0
Payment of dividend by subsidiary (1,589) (4,081) (7,603)
Payment of deferred financing costs (1,489) (4,085) (4,144)
Net cash provided by (used in) financing activities 199,821 (132,865) (67,725)
Net increase (decrease) in cash and cash equivalents 50,122 (155,368) (42,909)
Cash and cash equivalents at beginning of year 72,600 227,968 270,877
Cash and cash equivalents at end of year 122,722 72,600 227,968
$100 Million Term Loan Facility [Member]
      
Cash flows from financing activities:      
Proceeds from Term Loan Facility 0 0 60,000
Repayments on Term Loan Facility 0 (15,385) (8,011)
$253 Million Term Loan Facility [Member]
      
Cash flows from financing activities:      
Proceeds from Term Loan Facility 0 0 21,500
Repayments on Term Loan Facility 0 (40,600) (26,916)
Baltic Trading $22 Million Term Loan Facility [Member]
      
Cash flows from financing activities:      
Proceeds from Term Loan Facility 22,000 0 0
Repayments on Term Loan Facility (375) 0 0
Baltic Trading $44 Million Term Loan Facility [Member]
      
Cash flows from financing activities:      
Proceeds from Term Loan Facility $ 44,000 $ 0 $ 0