XML 79 R63.htm IDEA: XBRL DOCUMENT v2.4.1.9
RESTRICTED STOCK UNITS (Details) (USD $)
1 Months Ended 12 Months Ended
Feb. 28, 2014
Jan. 31, 2014
Jan. 31, 2013
management_company
May 31, 2012
Sep. 30, 2010
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2011
Dec. 31, 2012
Sep. 27, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Common shares reserved                   800,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
RSUs granted     94,476us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod              
RSUs fair values           $ 4.53us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue $ 9.19us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue $ 13.67us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue $ 5.25us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue  
RSUs fair value granted           $ 9.48us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue $ 6.74us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue      
RSUs fair value settled           $ 9.32us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodIntrinsicValue $ 9.65us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodIntrinsicValue $ 13.63us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodIntrinsicValue    
Shares issued     35,061us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod 11,301us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod            
Value of shares paid $ 464,630us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid   $ 181,610us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid $ 159,763us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid            
RSU share settlement (Percent) 50.00%vlccf_RsuShareSettlementPercent   50.00%vlccf_RsuShareSettlementPercent              
RSU cash settlement (Percent) 50.00%vlccf_RsuCashSettlementPercent   50.00%vlccf_RsuCashSettlementPercent              
Number of management companies     2vlccf_NumberOfManagementCompanies              
Number of RSU vesting years     3 years   3 years          
Share-based payment award, award vesting period   1/3 1/3   1/3          
Restricted Stock Units (RSUs) [Member]                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Vesting rate   33.33%us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
33.33%us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
  33.33%us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
         
RSUs granted   55,111us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
               
Number Of Management Companies That Received Award   2vlccf_NumberOfManagementCompaniesThatReceivedAward
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
               
Shares issued 49,489us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockUnitsRSUMember
                 
Number of RSU vesting years   3 years                
Restricted Stock Units Granted to Directors [Member]                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
RSU outstanding, beginning balance   88,157us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToDirectorsMember
66,307us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToDirectorsMember
    88,157us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToDirectorsMember
66,307us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToDirectorsMember
     
RSU settled           (41,134)us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToDirectorsMember
(25,388)us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToDirectorsMember
(9,857)us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToDirectorsMember
   
RSUs granted           27,555us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToDirectorsMember
47,238us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToDirectorsMember
     
RSU outstanding, ending balance           74,578us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToDirectorsMember
88,157us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToDirectorsMember
76,164us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToDirectorsMember
   
Restricted Stock Units Granted to Management Companies [Member]                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
RSU outstanding, beginning balance   88,161us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToManagementCompaniesMember
66,311us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToManagementCompaniesMember
    88,161us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToManagementCompaniesMember
66,311us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToManagementCompaniesMember
     
RSU settled           (41,136)us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToManagementCompaniesMember
(25,388)us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToManagementCompaniesMember
(9,857)us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToManagementCompaniesMember
   
RSUs granted           27,556us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToManagementCompaniesMember
47,238us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToManagementCompaniesMember
     
RSU outstanding, ending balance           74,581us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToManagementCompaniesMember
88,161us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToManagementCompaniesMember
76,168us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedToManagementCompaniesMember
   
Restricted Stock Units Granted Total [Member]                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
RSU outstanding, beginning balance   176,318us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedTotalMember
132,618us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedTotalMember
    176,318us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedTotalMember
132,618us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedTotalMember
     
RSU settled           (82,270)us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedTotalMember
(50,776)us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedTotalMember
(19,714)us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedTotalMember
   
RSUs granted           55,111us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedTotalMember
94,476us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedTotalMember
     
RSU outstanding, ending balance           149,159us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedTotalMember
176,318us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedTotalMember
152,332us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsGrantedTotalMember
   
Restricted Stock Units Expense [Member]                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Restricted stock unit (income) expense           $ 200,000us-gaap_RestrictedStockExpense
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsExpenseMember
$ 900,000us-gaap_RestrictedStockExpense
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsExpenseMember
  $ 900,000us-gaap_RestrictedStockExpense
/ vlccf_RestrictedStockUnitsAxis
= vlccf_RestrictedStockUnitsExpenseMember