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VESSEL ACQUISITIONS	9 Months Ended
VESSEL ACQUISITIONS	Sep. 30, 2013
VESSEL ACQUISITIONS [Abstract]
VESSEL ACQUISITIONS	4 - VESSEL ACQUISITIONS On July 2, 2013, the Company entered into agreements to purchase two Handysize drybulk vessels from subsidiaries of Clipper Group for an aggregate purchase price of $41,000. The Baltic Hare, a 2009 built Handysize vessel, was delivered on September 5, 2013 and the Baltic Fox, a 2010 built Handysize vessel, was delivered on September 6, 2013. The Company financed the vessel purchases with proceeds from its May 28, 2013 common stock offering and borrowings under its 2013 Credit Facility entered into on August 30, 2013. Refer to Note 7 – Debt below for further information regarding the 2013 Credit Facility. Refer to Note 1 — General Information for a listing of the vessel delivery dates for the vessels in the Company’s fleet. Additionally, refer to Note 17 – Subsequent Events regarding the agreements entered into by the Company on October 31, 2013 to purchase two additional Capesize drybulk vessels.