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DEBT (Details) (USD $)
In Thousands, unless otherwise specified
9 Months Ended 1 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Aug. 31, 2013
2010 Credit Facility [Member]
Reduction
Sep. 30, 2013
2010 Credit Facility [Member]
Nov. 30, 2010
2010 Credit Facility [Member]
Apr. 16, 2010
2010 Credit Facility [Member]
Sep. 30, 2013
2010 Credit Facility [Member]
Baltic Hare [Member]
Sep. 30, 2013
2010 Credit Facility [Member]
Baltic Fox [Member]
Sep. 30, 2013
2013 Credit Facility [Member]
Installment
Draw
Aug. 31, 2013
2013 Credit Facility [Member]
Sep. 30, 2013
2010 and 2013 Credit Facility [Member]
Sep. 30, 2012
2010 and 2013 Credit Facility [Member]
Sep. 30, 2013
2010 and 2013 Credit Facility [Member]
Sep. 30, 2012
2010 and 2013 Credit Facility [Member]
Line of Credit Facility [Line Items]                              
Maximum borrowing capacity       $ 110,000   $ 150,000 $ 100,000     $ 22,000 $ 22,000        
Remaining borrowing capacity         7,750   25,000     0          
Number of consecutive semi-annual reductions in total commitment       3                      
Amount of semi-annual reductions in maximum borrowing capacity through the maturity date       5,000                      
Applicable margin over reference rate for condition one (in hundredths)       3.00%                      
Ratio of maximum facility amount to aggregate appraised value of vessels mortgaged (in hundredths)       55.00%                      
Applicable margin over reference rate for condition two (in hundredths)       3.35%                      
Maturity date                   Sep. 04, 2019          
Commitment fee percentage (in hundredths)                   1.00%          
Number of quarterly installments in which the credit facility is to be repaid                   23          
Amount of periodic payment                   375          
Period after latest vessel delivery date for first periodic repayment                   3 months          
Final payment on maturity date                   13,375          
Earnings to be maintained under liquidity covenants                   500          
Cash or cash equivalents plus undrawn working capital lines of credit to be maintained per vessel                   750          
Maximum ratio of financial indebtedness to total assets (in hundredths)                   70.00%          
Consolidated net worth threshold, base amount                   232,796          
Consolidated net worth threshold, percentage of the value of any subsequent primary equity offerings (in hundredths)                   50.00%          
Aggregate fair market value of the mortgaged vessels as a percentage of amount outstanding through August 30, 2016 (in hundredths)                   130.00%          
Aggregate fair market value of the mortgaged vessels as a percentage of amount outstanding after August 30, 2016 (in hundredths)                   135.00%          
Number of drawdowns                   2          
Drawdowns during the period 1,000 0           10,730 11,270            
Repayment of the outstanding debt                              
2013 (October 1, 2013 - December 31, 2013)         0         375          
2014         0         1,500          
2015         2,250         1,500          
2016         100,000         1,500          
2017                   1,500          
Thereafter                   15,625          
Total debt $ 122,750   $ 101,250   $ 102,250         $ 22,000          
Effective interest rate including the range of interest rates on the debt but excluding the impact of unused commitment fees                              
Effective Interest Rate (excluding impact of unused commitment fees) (in hundredths)                       3.21% 3.24% 3.21% 3.25%
Range of Interest Rates, minimum (excluding impact of unused commitment fees) (in hundredths)                       3.18% 3.22% 3.18% 3.22%
Range of Interest Rates, maximum (excluding impact of unused commitment fees) (in hundredths)                       3.61% 3.25% 3.61% 3.30%