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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands			3 Months Ended		6 Months Ended
	May 17, 2016 USD ($)	Jul. 17, 2015 segment	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Jun. 30, 2016 USD ($) segment $ / item	Jun. 30, 2015 USD ($)	Jun. 08, 2016 item	Dec. 31, 2015 USD ($)
Segment reporting
Number of reportable segments | segment		2			1
Vessels, net
Estimated useful life					25 years
Depreciation expense			$ 18,541	$ 18,730	$ 37,675	$ 37,697
Estimated scrap value (in dollars per lightweight ton) | $ / item					310
Deferred revenue
Accrual related to estimated customer claims			310		$ 310			$ 498
Voyage expense recognition
Net loss on purchase and sale of bunker fuel and LCM adjustments			1,508	1,566	3,805	3,858
Other operating income
Other operating income			182	0	182	0
Impairment of vessel assets
Impairment of vessel assets			67,594	0	69,278	35,396
Number of vessels scrapped | item							9
Loss on disposal of Vessels
Loss on sale of vessels			77	1,210	77	1,210
Samsun
Other operating income
Other operating income			157		157
Baltic Tiger and Baltic Lion | Baltic Trading
Impairment of vessel assets
Impairment of vessel assets				$ 0		$ 35,396
Genco Marine
Loss on disposal of Vessels
Loss on sale of vessels	$ 77
Genco Marine | Genco Marine Limited
Impairment of vessel assets
Impairment of vessel assets			$ 0		$ 1,684

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Number of vessels for which the Company has determined will more likely than not be scrapped.

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Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 45
-Paragraph 4
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