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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net loss $ (42,238) $ (51,950)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 36,201 34,378
Amortization of deferred financing costs 2,220 1,835
Amortization of time charters acquired (49) (132)
Amortization of discount on Convertible Senior Notes 1,299 1,179
Unrealized loss on derivative instruments   4
Amortization of nonvested stock compensation expense 1,390 1,233
Change in assets and liabilities:    
Decrease (increase) in due from charterers 2,803 (427)
Increase in prepaid expenses and other current assets (7,210) (2,181)
Increase in accounts payable and accrued expenses 8,558 89
Decrease in deferred revenue (9) (236)
Increase in lease obligations 100 125
Deferred drydock costs incurred (5,669) (1,283)
Net cash used in operating activities (2,604) (17,366)
Cash flows from investing activities:    
Purchase of vessels, including deposits (17,618)  
Purchase of other fixed assets (179) (13)
Changes in deposits of restricted cash (125)  
Net cash used in investing activities (17,922) (13)
Cash flows from financing activities:    
Payment of dividend by subsidiary (1,534) (172)
Payment of common stock issuance costs by subsidiary (106)  
Payment of deferred financing costs (88)  
Net cash used in financing activities (9,788) (172)
Net decrease in cash and cash equivalents (30,314) (17,551)
Cash and cash equivalents at beginning of period 122,722 72,600
Cash and cash equivalents at end of period 92,408 55,049
$100 Million Term Loan Facility
    
Cash flows from financing activities:    
Repayments on Term Loan Facility (1,923)  
$253 Million Term Loan Facility
    
Cash flows from financing activities:    
Repayments on Term Loan Facility (5,075)  
Baltic Trading $22 Million Term Loan Facility
    
Cash flows from financing activities:    
Repayments on Term Loan Facility (375)  
Baltic Trading $44 Million Term Loan Facility
    
Cash flows from financing activities:    
Repayments on Term Loan Facility $ (687)