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STOCK-BASED COMPENSATION (Details)
$ / shares in Units, $ in Thousands
 6 Months Ended 12 Months Ended
Jul. 07, 2016
$ / shares
shares
Feb. 17, 2016
item
shares
Jul. 17, 2015
shares
Aug. 07, 2014
USD ($)
$ / shares
shares
Jul. 09, 2014
item
shares
Jun. 30, 2016
USD ($)
$ / shares
shares
Jun. 30, 2015
USD ($)
Dec. 31, 2015
$ / shares
shares
Jun. 26, 2015
shares
Mar. 13, 2014
shares
Mar. 03, 2010
shares
Number of Shares                      
Balance at the end of the period (in shares)           201,930          
Common Stock | Subsequent event                      
Weighted Average Fair Value                      
Reverse stock split 0.1                    
2014 MIP Plan                      
Number of Shares                      
Balance at the beginning of the period (in shares)           74,040          
Balance at the end of the period (in shares)           74,040   74,040      
Weighted Average Fair Value                      
Balance at the beginning of the period (in dollars per share) | $ / shares           $ 200.00          
Balance at the end of the period (in dollars per share) | $ / shares           $ 200.00   $ 200.00      
Aggregate number of shares of common stock available for awards         9,668,061            
Reverse stock splits (in shares)         966,806            
Percentage of common stock outstanding ( In percent)         1.80%            
Additional disclosures                      
Total fair value of shares vested | $           $ 0 $ 0        
Unrecognized compensation cost related to nonvested stock awards                      
Unrecognized compensation cost | $           $ 3,090          
Weighted-average period for recognition of unrecognized compensation cost           1 year 1 month 6 days          
2014 MIP Plan | Warrants                      
Number of Shares                      
Balance at the beginning of the period (in shares)           5,704,974          
Balance at the end of the period (in shares)           5,704,974   5,704,974      
Weighted Average Exercise price                      
Outstanding at the beginning of the period (in dollars per share) | $ / shares           $ 303.12          
Outstanding at the end of the period (in dollars per share) | $ / shares           $ 303.12   $ 303.12      
Weighted-average remaining contractual life           4 years 1 month 10 days          
Weighted Average Fair Value                      
Balance at the beginning of the period (in dollars per share) | $ / shares           $ 6.36          
Balance at the end of the period (in dollars per share) | $ / shares           $ 6.36   $ 6.36      
Exercisable (in shares)           2,852,487          
Exercisable (in dollars per share) | $ / shares           $ 303.12          
Weighted average remaining contractual life, exercisable           4 years 1 month 10 days          
Number of anniversaries in which award vests       3 years              
Number of tiers of MIP Warrants | item         3            
Volatility rate ( as a percent)       43.91%              
Volatility rate term       6 years              
Risk-free interest rate ( as a percent)       1.85%              
Dividend rate ( as a percent)       0.00%              
Total fair value of outstanding awards upon emergence from bankruptcy | $       $ 54,436              
Percentage of warrant vest for anniversaries of the grant date       33.33%              
Unrecognized compensation cost related to nonvested stock awards                      
Unrecognized compensation cost | $           $ 7,574          
Amortization                      
Remainder of 2016 | $           3,965          
2017 | $           $ 3,609          
2014 MIP Plan | Warrants | $259.10 Warrants                      
Weighted Average Fair Value                      
Aggregate number of shares of common stock available for awards       2,380,664              
Fair value of warrant (in dollars per share) | $ / shares       $ 7.22              
2014 MIP Plan | Warrants | $259.10 Warrants | Subsequent event                      
Weighted Average Fair Value                      
Warrant shares exercisable after reverse stock split 238,066                    
Strike price (in dollars per share) | $ / shares $ 259.10                    
2014 MIP Plan | Warrants | $287.30 Warrants                      
Weighted Average Fair Value                      
Aggregate number of shares of common stock available for awards       2,467,009              
Fair value of warrant (in dollars per share) | $ / shares       $ 6.63              
2014 MIP Plan | Warrants | $287.30 Warrants | Subsequent event                      
Weighted Average Fair Value                      
Warrant shares exercisable after reverse stock split 246,701                    
Strike price (in dollars per share) | $ / shares $ 287.30                    
2014 MIP Plan | Warrants | $341.90 Warrants                      
Weighted Average Fair Value                      
Aggregate number of shares of common stock available for awards       3,709,788              
Fair value of warrant (in dollars per share) | $ / shares       $ 5.63              
2014 MIP Plan | Warrants | $341.90 Warrants | Subsequent event                      
Weighted Average Fair Value                      
Warrant shares exercisable after reverse stock split 370,979                    
Strike price (in dollars per share) | $ / shares $ 341.90                    
2015 EIP Plan                      
Weighted Average Fair Value                      
Aggregate number of shares of common stock available for awards                 4,000,000    
2015 EIP Plan | Subsequent event                      
Number of Shares                      
Aggregate number of shares of common stock available for awards, reverse stock split 400,000                    
2015 EIP Plan | Restricted Stock Units                      
Number of Shares                      
Balance at the beginning of the period (in shares)           5,821          
Granted (in shares)           66,666          
Vested (in shares)   (23,286)       (5,821)          
Balance at the end of the period (in shares)           66,666   5,821      
Vested, post stock reverse split (in shares)   2,328                  
Number of resignations from the Board of Directors | item   2                  
Weighted Average Exercise price                      
Weighted-average remaining contractual life           10 months 17 days          
Weighted Average Fair Value                      
Balance at the beginning of the period (in dollars per share) | $ / shares           $ 71.50          
Granted (in dollars per share) | $ / shares           5.10          
Vested (in dollars per share) | $ / shares           71.50          
Balance at the end of the period (in dollars per share) | $ / shares           $ 5.10   $ 71.50      
Additional disclosures                      
Total fair value of shares vested | $           $ 30 0        
Unrecognized compensation cost related to nonvested stock awards                      
Unrecognized compensation cost | $           $ 299          
Weighted-average period for recognition of unrecognized compensation cost           10 months 17 days          
2015 EIP Plan | Restricted Stock Units | Vested RSUs                      
Number of Shares                      
Number of shares vested           7,440          
Weighted Average Fair Value                      
Vested (in dollars per share) | $ / shares           $ 71.18          
2015 EIP Plan | Restricted Stock Units | Board of Directors                      
Number of Shares                      
Number of common shares outstanding in respect of RSUs           3,138   0      
2015 EIP Plan | Restricted Stock                      
Number of Shares                      
Granted (in shares)           61,224          
Balance at the end of the period (in shares)           61,224          
Weighted Average Exercise price                      
Granted (in dollars per share) | $ / shares           $ 5.20          
Outstanding at the end of the period (in dollars per share) | $ / shares           $ 5.20          
Additional disclosures                      
Total fair value of shares vested | $           $ 0 0        
Unrecognized compensation cost related to nonvested stock awards                      
Unrecognized compensation cost | $           $ 229          
Weighted-average period for recognition of unrecognized compensation cost           2 years 4 months 17 days          
Baltic Trading Plan | Baltic Trading                      
Number of Shares                      
Vested (in shares)     (1,941,844)                
Weighted Average Fair Value                      
Aggregate number of shares of common stock available for awards                   6,000,000 2,000,000
Additional disclosures                      
Total fair value of shares vested | $             $ 0