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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
In Thousands, unless otherwise specified
 1 Months Ended 12 Months Ended
Dec. 31, 2007
vessel
Dec. 31, 2014
vessel
market
Dec. 31, 2013
Dec. 31, 2012
vessel
Jan. 01, 2014
Property, Plant and Equipment [Line Items]          
Number of vessels disposed of 1vlccf_NumberOfVesselsDisposedOf     3vlccf_NumberOfVesselsDisposedOf  
Property, Plant and Equipment, Useful Life   25 years      
Average years used in market price scrap per ton calculation   10 years      
Number of recycling markets   3vlccf_NumberOfRecyclingMarkets      
Number of Capesize Vessels   4vlccf_NumberofCapesizeVessels      
Number of vessels acquired with time charter   1vlccf_NumberOfVesselsAcquiredWithTimeCharter      
RSU Percentage Recognized as Equity   50.00%vlccf_RSUPercentageRecognizedasEquity      
RSU Percentage Recognized as Liability   50.00%vlccf_RSUPercentageRecognizedasLiability      
Capesize Vessel Scrap Rate Per Lightweight Ton     281vlccf_CapesizeVesselScrapRate   361vlccf_CapesizeVesselScrapRate
Depreciation   $ (19,561)us-gaap_Depreciation $ (11,079)us-gaap_Depreciation $ (20,485)us-gaap_Depreciation  
Net income (loss)   15,995us-gaap_ProfitLoss (3,903)us-gaap_ProfitLoss (53,429)us-gaap_ProfitLoss  
Salvage Value [Member]          
Property, Plant and Equipment [Line Items]          
Depreciation   300us-gaap_Depreciation
/ us-gaap_ChangeInAccountingEstimateByTypeAxis
= us-gaap_SalvageValueMember		      
Net income (loss)   $ 300us-gaap_ProfitLoss
/ us-gaap_ChangeInAccountingEstimateByTypeAxis
= us-gaap_SalvageValueMember