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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
$100 Million Term Loan Facility
Sep. 30, 2014
$253 Million Term Loan Facility
Sep. 30, 2014
Baltic Trading $22Million Term Loan Facility
Sep. 30, 2014
Baltic Trading $44 Million Term Loan Facility
Sep. 30, 2014
Carrying Value
Sep. 30, 2014
Estimate of Fair Value Measurement [Member]
Dec. 31, 2013
Predecessor
$100 Million Term Loan Facility
Aug. 12, 2010
Predecessor
$100 Million Term Loan Facility
Dec. 31, 2013
Predecessor
$253 Million Term Loan Facility
Aug. 20, 2010
Predecessor
$253 Million Term Loan Facility
Dec. 31, 2013
Predecessor
Baltic Trading $22Million Term Loan Facility
Dec. 31, 2013
Predecessor
Baltic Trading $44 Million Term Loan Facility
Dec. 31, 2013
Predecessor
Carrying Value
Dec. 31, 2013
Predecessor
Estimate of Fair Value Measurement [Member]
Fair value of financial instruments                            
Cash and cash equivalents         $ 106,620 $ 106,620             $ 122,722 $ 122,722
Restricted cash   9,750,000     10,150 10,150     9,750       10,150 10,150
Floating rate debt 69,714 170,643     405,045 405,045 75,484   180,793       1,480,064  
2010 Notes                         115,881 63,438
Face amount of term loan facility $ 100,000 $ 253,000 $ 22,000 $ 44,000     $ 100,000 $ 100,000 $ 253,000 $ 253,000 $ 22,000 $ 44,000