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SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	23 - SUBSEQUENT EVENTS On April 7, 2015, the Company entered into a definitive merger agreement with Baltic Trading under which the Company will acquire Baltic Trading in a stock-for-stock transaction.  Refer to Note 1 — General information for further information regarding this agreement. Additionally, on April 7, 2015, the Company entered into an agreement under which it acquired the Baltic Lion and Baltic Tiger entities from Baltic Trading.  This purchase agreement closed on April 8, 2015.  Refer to Note 1 — General information for further information regarding this agreement. Lastly, on April 7, 2015, certain of the Company’s wholly-owned subsidiaries entered in the 2015 Revolving Credit Facility to be used for general corporate purposes.  On April 8, 2015, the Company drew down $25,000 on the 2015 Revolving Credit Facility.  Refer to Note 9 — Debt for additional information. On April 30, 2015, the Company entered into agreements to amend or waive certain provisions of the $100 Million Term Loan Facility and the $253 Million Term Loan Facility.  Refer to Note 9 — Debt for additional information.

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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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