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RELATED PARTY TRANSACTIONS Summary of Related Party Transactions (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Related Party Transaction [Line Items]      
Related party receivables $ 449us-gaap_DueFromRelatedParties $ 128us-gaap_DueFromRelatedParties  
Related party payables 2,555us-gaap_DueToRelatedPartiesCurrentAndNoncurrent 158us-gaap_DueToRelatedPartiesCurrentAndNoncurrent  
The Former Golden Ocean [Member] | Affiliated Entity [Member]      
Related Party Transaction [Line Items]      
Related party charges 1,034us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_CounterpartyNameAxis
= vlccf_TheFormerGoldenOceanMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
408us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_CounterpartyNameAxis
= vlccf_TheFormerGoldenOceanMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
533us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_CounterpartyNameAxis
= vlccf_TheFormerGoldenOceanMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
Related party payables 356us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_CounterpartyNameAxis
= vlccf_TheFormerGoldenOceanMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
158us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_CounterpartyNameAxis
= vlccf_TheFormerGoldenOceanMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
 
Frontline 2012 [Member] | Affiliated Entity [Member]      
Related Party Transaction [Line Items]      
Related party receivables 38us-gaap_DueFromRelatedParties
/ us-gaap_CounterpartyNameAxis
= vlccf_Frontline2012Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
0us-gaap_DueFromRelatedParties
/ us-gaap_CounterpartyNameAxis
= vlccf_Frontline2012Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
 
Seateam Management Pte Ltd [Member] | Affiliated Entity [Member]      
Related Party Transaction [Line Items]      
Related party charges 562us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_CounterpartyNameAxis
= vlccf_SeateamManagementPteLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
228us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_CounterpartyNameAxis
= vlccf_SeateamManagementPteLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
208us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_CounterpartyNameAxis
= vlccf_SeateamManagementPteLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
Related party receivables 411us-gaap_DueFromRelatedParties
/ us-gaap_CounterpartyNameAxis
= vlccf_SeateamManagementPteLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
108us-gaap_DueFromRelatedParties
/ us-gaap_CounterpartyNameAxis
= vlccf_SeateamManagementPteLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
 
Frontline Management (Bermuda) Ltd [Member] | Affiliated Entity [Member]      
Related Party Transaction [Line Items]      
Related party charges 2,962us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_CounterpartyNameAxis
= vlccf_FrontlineManagementBermudaLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
154us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_CounterpartyNameAxis
= vlccf_FrontlineManagementBermudaLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
0us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_CounterpartyNameAxis
= vlccf_FrontlineManagementBermudaLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
Related party receivables 0us-gaap_DueFromRelatedParties
/ us-gaap_CounterpartyNameAxis
= vlccf_FrontlineManagementBermudaLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
9us-gaap_DueFromRelatedParties
/ us-gaap_CounterpartyNameAxis
= vlccf_FrontlineManagementBermudaLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
 
Related party payables 1,558us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_CounterpartyNameAxis
= vlccf_FrontlineManagementBermudaLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
0us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_CounterpartyNameAxis
= vlccf_FrontlineManagementBermudaLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
 
ICB Shipping (Bermuda) Ltd [Member] | Affiliated Entity [Member]      
Related Party Transaction [Line Items]      
Related party charges 2,315us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_CounterpartyNameAxis
= vlccf_ICBShippingBermudaLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
2,315us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_CounterpartyNameAxis
= vlccf_ICBShippingBermudaLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
2,315us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_CounterpartyNameAxis
= vlccf_ICBShippingBermudaLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
Related party payables 579us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_CounterpartyNameAxis
= vlccf_ICBShippingBermudaLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
0us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_CounterpartyNameAxis
= vlccf_ICBShippingBermudaLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
 
Frontline Ltd [Member] | Affiliated Entity [Member]      
Related Party Transaction [Line Items]      
Related party receivables 0us-gaap_DueFromRelatedParties
/ us-gaap_CounterpartyNameAxis
= vlccf_FrontlineLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
11us-gaap_DueFromRelatedParties
/ us-gaap_CounterpartyNameAxis
= vlccf_FrontlineLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
 
Related party payables $ 62us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_CounterpartyNameAxis
= vlccf_FrontlineLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
$ 0us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_CounterpartyNameAxis
= vlccf_FrontlineLtdMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember