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VESSEL ACQUISITIONS (Details) $ in Thousands |  | 3 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | ---
Dec. 30, 2014 USD ($) | Mar. 31, 2016 USD ($) | Mar. 31, 2015 USD ($) | Dec. 31, 2015 USD ($) | Jul. 14, 2015 USD ($) | Dec. 31, 2014 USD ($) | Nov. 13, 2013 USD ($) item
VESSEL ACQUISITIONS |  |  |  |  |  |  |
Deposits on vessels |  | $ 0 |  | $ 0 |  |  |
Baltic Trading |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |
Capitalized interest associated with new building contracts |  | 0 | $ 124 |  |  |  |
Baltic Trading | Baltic Wasp |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |
Final payment for vessel | $ 19,645 |  |  |  |  |  |
Yangfan Group Co., LTD | Agreement to Purchase Ultramax Drybulk Vessels | Baltic Trading |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |
Capacity of vessels | item |  |  |  |  |  |  | 64,000
Purchase price per vessel |  |  |  |  |  |  | $ 28,000
Number of vessels purchased | item |  |  |  |  |  |  | 2
Yangfan Group Co., LTD | Agreement to Purchase Ultramax Drybulk Vessels | Baltic Trading | Maximum |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |
Number of vessels committed to be acquired under purchase agreement | item |  |  |  |  |  |  | 4
Purchase price per vessel |  |  |  |  |  |  | $ 112,000
Number of vessels purchased under option to be acquired per purchase agreement | item |  |  |  |  |  |  | 2
Line of Credit Facility | $148 Million Credit Facility |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |
Face amount of term loan facility |  | $ 148,000 |  | $ 148,000 | $ 148,000 | $ 148,000 |

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