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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