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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Taxes
Total revenue earned	$ 819	$ 819	$ 1,629	$ 1,629
Taxable income	(65,193)	(48,646)	(107,019)	(100,372)
Income tax expense	364	294	777	518
Vessel Management Services
Income Taxes
Total revenue earned	1,841	1,515	3,696	3,005
Taxable income	764	625	1,650	1,217
Income tax expense	339	281	740	505
Baltic Trading | United States
Income Taxes
Taxable income	1,245	639	1,813	639
Income tax expense	25	13	37	13
Intersegment Elimination
Income Taxes
Total revenue earned	$ (1,022)	$ (696)	$ (2,067)	$ (1,376)

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Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h)(1)(i))

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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h))

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Income Tax Expense (or Benefit)

-URI http://asc.fasb.org/extlink&oid=6515339



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

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Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

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-Subparagraph (SX 210.5-03.1(d))

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