NONVESTED STOCK AWARDS (Tables)
 12 Months Ended
Dec. 31, 2013
2005 and 2012 GS&T Plans [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of nonvested stock awards
The table below summarizes the Company’s nonvested stock awards for the three years ended December 31, 2013 under the 2005 and 2012 GS&T Plans:

 
 
Year Ended December 31,
 
 
 
2013
  
2012
  
2011
 
 
 
Number
of Shares
  
Weighted
Average
Grant Date
Price
  
Number of
Shares
  
Weighted
Average
Grant Date
Price
  
Number of
Shares
  
Weighted
Average
Grant Date
Price
 
Outstanding at January 1
  
1,108,762
  
$
9.47
   
936,787
  
$
14.06
   
809,087
  
$
19.40
 
Granted
  
200,634
   
1.57
   
464,175
   
2.71
   
357,500
   
6.46
 
Vested
  
(407,431
)
  
9.46
   
(290,700
)
  
13.49
   
(228,700
)
  
21.08
 
Forfeited
  
(21,500
)
  
5.53
   
(1,500
)
  
6.39
   
(1,100
)
  
14.65
 
 
                        
Outstanding at December 31
  
880,465
  
$
7.77
   
1,108,762
  
$
9.47
   
936,787
  
$
14.06
 
Schedule of nonvested stock amortization expense
For the years ended December 31, 2013, 2012 and 2011, the Company recognized nonvested stock amortization expense for the 2005 and 2012 GS&T Plans, which is included in general, administrative and management fees, as follows:

 
 
Year Ended December 31,
 
 
 
2013
  
2012
  
2011
 
General, administrative and management fees
 
$
2,924
  
$
4,087
  
$
5,574
 
Baltic Trading Plan [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of nonvested stock awards
The following table presents a summary of Baltic Trading’s nonvested stock awards for the three years ended December 31, 2013 under the Baltic Trading Plan:
 
 
Year Ended December 31,
 
 
 
2013
  
2012
  
2011
 
 
 
Number
of Baltic
Trading
Common
Shares
  
Weighted
Average
Grant Date
Price
  
Number
of Baltic
Trading
Common
Shares
  
Weighted
Average
Grant Date
Price
  
Number
of Baltic
Trading
Common
Shares
  
Weighted
Average
Grant Date
Price
 
Outstanding at January 1
  
664,249
  
$
7.70
   
545,750
  
$
11.60
   
583,500
  
$
13.40
 
Granted
  
998,680
   
5.60
   
299,999
   
3.04
   
117,500
   
5.11
 
Vested
  
(281,500
)
  
8.48
   
(181,500
)
  
11.71
   
(155,250
)
  
13.43
 
Forfeited
  
—
   
—
   
—
   
—
   
—
   
—
 
 
                        
Outstanding at December 31
  
1,381,429
  
$
6.03
   
664,249
  
$
7.70
   
545,750
  
$
11.60
 
Schedule of nonvested stock amortization expense
For the years ended December 31, 2013, 2012 and 2011, the Company recognized nonvested stock amortization expense for the Baltic Trading Plan, which is included in general, administrative and management fees, as follows:

 
 
Year Ended December 31,
 
 
 
2013
  
2012
  
2011
 
General, administrative and management fees
 
$
1,558
  
$
1,777
  
$
2,764