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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 01, 2012 | Aug. 20, 2010 | Aug. 12, 2010
--- | --- | --- | --- | --- | --- | ---
$100 Million Term Loan Facility |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Floating rate debt | $ 67,792 |  |  |  |  |
Face amount of term loan facility | 100,000 |  |  |  |  |
$253 Million Term Loan Facility |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Restricted cash | 9,750 |  |  |  |  |
Floating rate debt | 165,568 |  |  |  |  |
Face amount of term loan facility | 253,000 |  |  |  |  |
Baltic Trading $22Million Term Loan Facility |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Face amount of term loan facility | 22,000 |  |  |  |  |
Baltic Trading $44 Million Term Loan Facility |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Face amount of term loan facility | 44,000 |  |  |  |  |
Baltic Trading $148 Million Credit Facility |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Face amount of term loan facility | 148,000 |  |  |  |  |
Carrying Value |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Cash and cash equivalents | 83,414 |  |  |  |  |
Restricted cash | 29,695 |  |  |  |  |
Floating rate debt | 430,135 |  |  |  |  |
Estimate of Fair Value Measurement |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Cash and cash equivalents | 83,414 |  |  |  |  |
Restricted cash | 29,695 |  |  |  |  |
Floating rate debt | $ 430,135 |  |  |  |  |
Predecessor | $100 Million Term Loan Facility |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Floating rate debt |  | $ 75,484 |  |  |  |
Face amount of term loan facility |  | 100,000 | $ 100,000 |  |  | $ 100,000
Predecessor | $100 Million Term Loan Facility | August 2012 Credit Facility Agreements |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Face amount of term loan facility |  |  |  | $ 100,000 |  |
Predecessor | $253 Million Term Loan Facility |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Restricted cash |  | 9,750 |  |  |  |
Floating rate debt |  | 180,793 |  |  |  |
Face amount of term loan facility |  | 253,000 | $ 253,000 |  | $ 253,000 |
Predecessor | $253 Million Term Loan Facility | August 2012 Credit Facility Agreements |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Face amount of term loan facility |  |  |  | $ 253,000 |  |
Predecessor | Baltic Trading $22Million Term Loan Facility |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Face amount of term loan facility |  | 22,000 |  |  |  |
Predecessor | Baltic Trading $44 Million Term Loan Facility |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Face amount of term loan facility |  | 44,000 |  |  |  |
Predecessor | Carrying Value |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Cash and cash equivalents |  | 122,722 |  |  |  |
Restricted cash |  | 10,150 |  |  |  |
Floating rate debt |  | 1,480,064 |  |  |  |
2010 Notes |  | 115,881 |  |  |  |
Predecessor | Estimate of Fair Value Measurement |  |  |  |  |  |
Fair value of financial instruments |  |  |  |  |  |
Cash and cash equivalents |  | 122,722 |  |  |  |
Restricted cash |  | 10,150 |  |  |  |
2010 Notes |  | $ 63,438 |  |  |  |

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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016 + Details
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- Definition Fair value portion of borrowing which can be exchanged for a specified number of another security at the option of the issuer or the holder, for example, but not limited to, the entity's common stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Convertible Security -URI http://asc.fasb.org/extlink&oid=6509036 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 + Details
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- Definition The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 + Details
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