Carrying amount of accumulated amortization of long-term deferred finance costs capitalized at the end of the reporting period.

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Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense.

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Face (par) amount of debt instrument at time of issuance.

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Represents the charge against earnings during the period for commitment fees and debt issuance expenses.

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For an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain.

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Gross amount, as of the balance sheet date, of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings.

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DEFERRED CHARGES (Details) (USD $)	12 Months Ended
DEFERRED CHARGES (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2014	May 31, 2014
Extinguishment of Debt [Line Items]
Capitalized financing fees and expenses	$ 6,253,000vlccf_DeferredFinanceCosts	$ 2,699,000vlccf_DeferredFinanceCosts
Accumulated amortization	(2,720,000)	(2,035,000)
Total	3,533,000us-gaap_DeferredFinanceCostsNet	664,000us-gaap_DeferredFinanceCostsNet
Amortization of deferred charges	685,000us-gaap_AmortizationOfFinancingCosts	558,000us-gaap_AmortizationOfFinancingCosts	879,000us-gaap_AmortizationOfFinancingCosts
VLCC Mayfair [Member]
Extinguishment of Debt [Line Items]
Amortization of deferred charges	700,000
Discontinued Operations - VLCC [Member]
Extinguishment of Debt [Line Items]
Amortization of deferred charges	0	100,000	300,000
Term Loan Facility [Member]
Extinguishment of Debt [Line Items]
Debt instrument commitment fee	3,400,000
Debt instrument, face amount				$ 420,000,000.0	$ 135,000,000