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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Statement of Cash Flows [Abstract]      
Net income (loss) $ 15,995us-gaap_ProfitLoss $ (3,903)us-gaap_ProfitLoss $ (53,429)us-gaap_ProfitLoss
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation 19,561us-gaap_Depreciation 11,079us-gaap_Depreciation 20,485us-gaap_Depreciation
Amortization of deferred charges 685us-gaap_AmortizationOfFinancingCosts 558us-gaap_AmortizationOfFinancingCosts 879us-gaap_AmortizationOfFinancingCosts
Net (gain) loss on sale of assets 0us-gaap_GainLossOnSaleOfPropertyPlantEquipment (254)us-gaap_GainLossOnSaleOfPropertyPlantEquipment 13,088us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Impairment loss on vessels 0us-gaap_AssetImpairmentCharges 5,342us-gaap_AssetImpairmentCharges 41,597us-gaap_AssetImpairmentCharges
Amortization of time charter contract value 0vlccf_AmotizationOfTimeCharter 0vlccf_AmotizationOfTimeCharter 2,303vlccf_AmotizationOfTimeCharter
Restricted stock unit expense 242vlccf_IncreaseDecreaseInRestrictedStockForCashflow 919vlccf_IncreaseDecreaseInRestrictedStockForCashflow 906vlccf_IncreaseDecreaseInRestrictedStockForCashflow
Provision for doubtful accounts 0us-gaap_ProvisionForDoubtfulAccounts 226us-gaap_ProvisionForDoubtfulAccounts 10,155us-gaap_ProvisionForDoubtfulAccounts
Changes in operating assets and liabilities:      
Trade accounts receivable 528us-gaap_IncreaseDecreaseInAccountsReceivable (1,422)us-gaap_IncreaseDecreaseInAccountsReceivable (4,536)us-gaap_IncreaseDecreaseInAccountsReceivable
Related party balances 622us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent 0us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent (319)us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent
Other receivables (2,487)us-gaap_IncreaseDecreaseInOtherReceivables 1,748us-gaap_IncreaseDecreaseInOtherReceivables 983us-gaap_IncreaseDecreaseInOtherReceivables
Inventories, net of disposals (11,514)us-gaap_IncreaseDecreaseInInventories (1,189)us-gaap_IncreaseDecreaseInInventories 1,535us-gaap_IncreaseDecreaseInInventories
Voyages in progress (1,322)vlccf_IncreaseDecreaseInVoyagesInProgress 0vlccf_IncreaseDecreaseInVoyagesInProgress 931vlccf_IncreaseDecreaseInVoyagesInProgress
Prepaid expenses and accrued income (323)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 95us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 1,952us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Trade accounts payable 1,862us-gaap_IncreaseDecreaseInAccountsPayableTrade 153us-gaap_IncreaseDecreaseInAccountsPayableTrade (943)us-gaap_IncreaseDecreaseInAccountsPayableTrade
Accrued expenses 1,354us-gaap_IncreaseDecreaseInAccruedLiabilities (392)us-gaap_IncreaseDecreaseInAccruedLiabilities (2,400)us-gaap_IncreaseDecreaseInAccruedLiabilities
Deferred charter revenue (339)us-gaap_IncreaseDecreaseInDeferredRevenue (647)us-gaap_IncreaseDecreaseInDeferredRevenue 3,612us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash provided by operating activities 24,864us-gaap_NetCashProvidedByUsedInOperatingActivities 12,313us-gaap_NetCashProvidedByUsedInOperatingActivities 36,799us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing activities      
Placement of restricted cash (3,924)us-gaap_IncreaseInRestrictedCash 0us-gaap_IncreaseInRestrictedCash 0us-gaap_IncreaseInRestrictedCash
Additions to newbuildings (357,402)vlccf_PaymentsToAcquireNewbuildings (26,706)vlccf_PaymentsToAcquireNewbuildings 0vlccf_PaymentsToAcquireNewbuildings
Cash acquired upon purchase of SPCs 68,560vlccf_CashAcquiredfromAssetAcquisition 0vlccf_CashAcquiredfromAssetAcquisition 0vlccf_CashAcquiredfromAssetAcquisition
Purchase of vessels (24,085)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment 0us-gaap_PaymentsToAcquirePropertyPlantAndEquipment 0us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of assets 0vlccf_ProceedsFromSaleOfVesselsAndEquipment 17,075vlccf_ProceedsFromSaleOfVesselsAndEquipment 66,993vlccf_ProceedsFromSaleOfVesselsAndEquipment
Net cash (used in) provided by investing activities (316,851)us-gaap_NetCashProvidedByUsedInInvestingActivities (9,631)us-gaap_NetCashProvidedByUsedInInvestingActivities 66,993us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities      
Proceeds from long-term debt 270,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayment of long-term debt (1,500)us-gaap_RepaymentsOfLongTermDebt (16,678)us-gaap_RepaymentsOfLongTermDebt (42,062)us-gaap_RepaymentsOfLongTermDebt
Debt fees paid (3,555)us-gaap_PaymentsOfFinancingCosts 0us-gaap_PaymentsOfFinancingCosts 0us-gaap_PaymentsOfFinancingCosts
Net proceeds from share issuance 0us-gaap_ProceedsFromIssuanceOfCommonStock 51,167us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock
Distributions to shareholders (28,987)us-gaap_PaymentsOfOrdinaryDividends (18,180)us-gaap_PaymentsOfOrdinaryDividends (29,319)us-gaap_PaymentsOfOrdinaryDividends
Net cash provided by (used in) financing activities 235,958us-gaap_NetCashProvidedByUsedInFinancingActivities 16,309us-gaap_NetCashProvidedByUsedInFinancingActivities (71,381)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents (56,029)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 18,991us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 32,411us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 98,250us-gaap_CashAndCashEquivalentsAtCarryingValue 79,259us-gaap_CashAndCashEquivalentsAtCarryingValue 46,848us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 42,221us-gaap_CashAndCashEquivalentsAtCarryingValue 98,250us-gaap_CashAndCashEquivalentsAtCarryingValue 79,259us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:      
Interest paid, net of capitalized interest $ 5,848us-gaap_InterestPaidNet $ 2,851us-gaap_InterestPaidNet $ 4,477us-gaap_InterestPaidNet