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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014
--- | --- | ---
Secured Debt | $100 Million Term Loan Facility |  |
Fair value of financial instruments |  |
Floating rate debt | $ 63,946 | $ 67,792
Face amount of term loan facility | 100,000 | 100,000
Secured Debt | $253 Million Term Loan Facility |  |
Fair value of financial instruments |  |
Restricted cash | 9,750 | 9,750
Floating rate debt | 155,418 | 165,568
Face amount of term loan facility | 253,000 | 253,000
Secured Debt | Baltic Trading $22 Million Term Loan Facility |  |
Fair value of financial instruments |  |
Floating rate debt | 19,375 | 20,125
Face amount of term loan facility | 22,000 | 22,000
Secured Debt | $44 Million Term Loan Facility |  |
Fair value of financial instruments |  |
Floating rate debt | 39,875 | 41,250
Face amount of term loan facility | 44,000 | 44,000
Line of Credit facility | Baltic Trading $148 Million Credit Facility |  |
Fair value of financial instruments |  |
Floating rate debt | 112,553 | 0
Face amount of term loan facility | 148,000 | 148,000
Carrying Value |  |
Fair value of financial instruments |  |
Cash and cash equivalents | 61,648 | 83,414
Restricted cash | 10,050 | 29,695
Floating rate debt | 448,617 | 430,135
Estimate of Fair Value Measurement |  |
Fair value of financial instruments |  |
Cash and cash equivalents | 61,648 | 83,414
Restricted cash | 10,050 | 29,695
Floating rate debt | $ 448,617 | $ 430,135

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