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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) $ in Thousands |  | 6 Months Ended | 12 Months Ended
--- | --- | --- | ---
Oct. 04, 2013 USD ($) shares | Dec. 31, 2014 USD ($) item $ / item | Jul. 09, 2014 USD ($) | Dec. 31, 2014 USD ($) segment item $ / item | Dec. 31, 2013 USD ($) item shares | Dec. 31, 2012 USD ($)
SEGMENT INFORMATION |  |  |  |  |  |
Number of reportable segments | segment |  |  |  | 2 |  |
Voyage expense recognition |  |  |  |  |  |
Net (gains) losses on purchase and sale of bunker fuel | $ |  | $ 852 |  |  |  |
Number of vessels in vessel pools |  | 8 |  | 8 |  |
Other operating income |  |  |  |  |  |
Other operating income | $ |  | $ 530 |  |  |  |
Predecessor |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Net (gains) losses on purchase and sale of bunker fuel | $ |  |  | $ (252) |  | $ (567) | $ (1,714)
Number of vessels in vessel pools |  |  |  |  | 5 |
Other operating income |  |  |  |  |  |
Other operating income | $ |  |  | $ 0 |  | $ 121 | 265
Samsun |  |  |  |  |  |
Other operating income |  |  |  |  |  |
Other operating income | $ |  | $ 530 |  |  |  |
Samsun | Predecessor |  |  |  |  |  |
Other operating income |  |  |  |  |  |
Other operating income | $ |  |  |  | $ 530 | $ 0 | 263
Baltic Trading Limited |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Number of vessels in vessel pools |  | 5 |  | 5 |  |
Baltic Trading Limited | Predecessor |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Number of vessels in vessel pools |  |  |  |  | 4 |
Korea Line Corporation |  |  |  |  |  |
Other operating income |  |  |  |  |  |
Other operating income | $ |  |  |  | $ 0 |  |
Korea Line Corporation | Predecessor |  |  |  |  |  |
Other operating income |  |  |  |  |  |
Other operating income | $ |  |  |  |  | $ 21 | $ 2
Number of shares received related to the rehabilitation plan (in shares) | shares | 3,355 |  |  |  | 3,355 |
Spot Market-Related Time Charter Agreement with Profit Sharing Element |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Floor price (in dollars per unit) | $ / item |  | 9 |  | 9 |  |
Ceiling price (in dollars per unit) | $ / item |  | 14 |  | 14 |  |
Allocation of excess profit sharing amount (as a percent) |  |  |  | 50.00% |  |
Percentage of average of the daily rates of BHSI used to determine charter agreement rates (as a percent) |  |  |  | 115.00% |  |
Spot Market-Related Time Charter Agreement with Profit Sharing Element | Predecessor |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Number of vessels under spot market-related time charters which include a profit-sharing element |  |  |  |  | 4 |
Clipper Logger Pool |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Number of vessels in vessel pools |  | 5 |  | 5 |  |
Clipper Logger Pool | Predecessor |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Number of vessels in vessel pools |  |  |  |  | 2 |
Clipper Logger Pool | Baltic Trading Limited |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Number of vessels in vessel pools |  | 2 |  | 2 |  |
Clipper Logger Pool | Baltic Trading Limited | Predecessor |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Number of vessels in vessel pools |  |  |  |  | 2 |
Bulkhandling Handymax A/S Pool |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Number of vessels in vessel pools |  | 2 |  | 2 |  |
Bulkhandling Handymax A/S Pool | Baltic Trading Limited |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Number of vessels in vessel pools |  | 3 |  | 3 |  |
Bulkhandling Handymax A/S Pool | Baltic Trading Limited | Predecessor |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Number of vessels in vessel pools |  |  |  |  | 2 |
Navig8 Bulk Pool |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Number of vessels in vessel pools |  | 1 |  | 1 |  |
LB/IVS Pool | Predecessor |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |
Number of vessels in vessel pools |  |  |  |  | 3 |
Other Income | Korea Line Corporation | Predecessor |  |  |  |  |  |
Other operating income |  |  |  |  |  |
Fair value of shares received | $ | $ 100 |  |  |  | $ 100 |

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