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SEGMENT INFORMATION (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended 48 Months Ended
Dec. 31, 2014
customer
reportable_segment
Dec. 31, 2013
customer
Dec. 31, 2012
vessel
customer
Dec. 31, 2012
market
Revenue from External Customer [Line Items]        
Total operating revenues – dry bulk carrier market $ 96,715us-gaap_Revenues $ 37,546us-gaap_Revenues $ 37,315us-gaap_Revenues  
Number of reportable segments 1us-gaap_NumberOfReportableSegments      
Number of operating segments       2us-gaap_NumberOfOperatingSegments
Number of VLCCs operated in tanker market     4vlccf_NumberofVLCCsOperatedinTankerMarket  
Revenue, number of major customers 3vlccf_RevenueNumberOfMajorCustomers 3vlccf_RevenueNumberOfMajorCustomers 3vlccf_RevenueNumberOfMajorCustomers  
Percent of revenue from single customer (in hundredths) 10.00%vlccf_EntityWideRevenueMajorCustomerPercent 10.00%vlccf_EntityWideRevenueMajorCustomerPercent 10.00%vlccf_EntityWideRevenueMajorCustomerPercent  
Name of Major Customer 1 {Member}        
Revenue from External Customer [Line Items]        
Total operating revenues – dry bulk carrier market 8,200us-gaap_Revenues
/ us-gaap_MajorCustomersAxis
= vlccf_NameOfMajorCustomer1Member
17,000us-gaap_Revenues
/ us-gaap_MajorCustomersAxis
= vlccf_NameOfMajorCustomer1Member
17,400us-gaap_Revenues
/ us-gaap_MajorCustomersAxis
= vlccf_NameOfMajorCustomer1Member
 
Name of Major Customer 2 [Member]        
Revenue from External Customer [Line Items]        
Total operating revenues – dry bulk carrier market 8,000us-gaap_Revenues
/ us-gaap_MajorCustomersAxis
= vlccf_NameOfMajorCustomer2Member
5,000us-gaap_Revenues
/ us-gaap_MajorCustomersAxis
= vlccf_NameOfMajorCustomer2Member
11,600us-gaap_Revenues
/ us-gaap_MajorCustomersAxis
= vlccf_NameOfMajorCustomer2Member
 
Name of Major Customer 3 [Member]        
Revenue from External Customer [Line Items]        
Total operating revenues – dry bulk carrier market 7,900us-gaap_Revenues
/ us-gaap_MajorCustomersAxis
= vlccf_NameOfMajorCustomer3Member
4,300us-gaap_Revenues
/ us-gaap_MajorCustomersAxis
= vlccf_NameOfMajorCustomer3Member
5,100us-gaap_Revenues
/ us-gaap_MajorCustomersAxis
= vlccf_NameOfMajorCustomer3Member
 
Drybulk Carrier Market [Member]        
Revenue from External Customer [Line Items]        
Total operating revenues – dry bulk carrier market $ 96,715us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= vlccf_DrybulkCarrierMarketMember
$ 37,546us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= vlccf_DrybulkCarrierMarketMember
$ 37,315us-gaap_Revenues
/ us-gaap_ProductOrServiceAxis
= vlccf_DrybulkCarrierMarketMember