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VESSEL ACQUISITIONS (Details) (USD $) In Thousands, unless otherwise specified | 3 Months Ended |  | 3 Months Ended | 0 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 0 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended |  |  |  |  |
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Sep. 30, 2014 | Sep. 30, 2014 Genco Bourgogne, Genco Muse, and Genco Spirit | Sep. 30, 2014 Baltic Trading Limited | Jul. 09, 2014 Predecessor | Dec. 31, 2013 Predecessor | Jul. 09, 2014 Predecessor | Dec. 31, 2013 Predecessor | Sep. 30, 2013 Predecessor | Jul. 09, 2014 Predecessor Baltic Trading Limited | Sep. 30, 2013 Predecessor Baltic Trading Limited | Jul. 09, 2014 Predecessor Baltic Trading Limited | Sep. 30, 2013 Predecessor Baltic Trading Limited | Dec. 03, 2013 Predecessor Agreement to Purchase Capesize Drybulk Vessels Purchase agreement with SK Shipping Co LTD Baltic Trading Limited | Oct. 31, 2013 Predecessor Agreement to Purchase Capesize Drybulk Vessels Purchase agreement with SK Shipping Co LTD Baltic Trading Limited item | Aug. 30, 2013 Predecessor Handysize Vessel purchase Subsidiaries of Clipper Group Baltic Trading Limited | Jul. 02, 2013 Predecessor Handysize Vessel purchase Subsidiaries of Clipper Group Baltic Trading Limited item | Nov. 13, 2013 Predecessor Yangfan Group Co., LTD Agreement to Purchase Ultramax Drybulk Vessels Baltic Trading Limited item | Nov. 13, 2013 Predecessor Yangfan Group Co., LTD Agreement to Purchase Ultramax Drybulk Vessels Baltic Trading Limited Maximum item
VESSEL ACQUISITIONS AND DISPOSITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of vessels purchased |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 |  | 2 | 2 |
Aggregate purchase price |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 103,000 |  | $ 41,000 | $ 112,000 |
Total purchase price per vessel |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 28,000 |
Number of vessels purchased under option to be acquired per purchase agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 |
Number of vessels committed to be acquired under purchase agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4
Capacity of vessels |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 64,000 |
Face amount of term loan facility |  |  |  |  |  |  |  |  |  |  |  |  | 44,000 |  | 22,000 |  |  |
Deposits on vessels | 31,396 |  |  |  | 1,013 |  | 1,013 |  |  |  |  |  |  |  |  |  |  |
Time charters acquired | 16 | 450 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of time charters acquired | 434 |  |  | (2) | (51) | (68) | (283) | (283) |  |  |  |  |  |  |  |  |  |
Capitalized interest associated with newbuilding contracts |  |  | $ 208 |  |  |  |  |  | $ 20 | $ 0 | $ 295 | $ 0 |  |  |  |  |  |

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- Definition The capitalized current asset related to an existing below-market time charter that is acquired with a vessel purchase which is amortized as an increase in voyage revenue over the remaining term of the existing charter. + References No definition available. + Details
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