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ACQUISITION OF BUSINESSES (Details) (USD $)
12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2013
Minimum [Member]
Dec. 31, 2013
Maximum [Member]
Jan. 10, 2013
Scandic [Member]
Dec. 31, 2013
Scandic [Member]
Dec. 31, 2012
Scandic [Member]
Jan. 02, 2013
Orion [Member]
Dec. 31, 2013
Orion [Member]
Dec. 31, 2013
Nordic American Offshore Limited [Member]
Private Placement [Member]
Business Acquisition [Line Items]                      
Effective Date of Acquisition             Jan. 10, 2013     Jan. 02, 2013  
Number of shares transferred in acquisition (in shares)           1,910,112          
Share price of stock transferred (in dollars per share)           $ 9.50          
Percentage of entity acquired (in hundredths)             100.00%   50.00% 50.00%  
Lock-up period           1 year          
Manager's right to ownership of total outstanding shares percentage (in hundredths)               2.00%      
ASSETS [Abstract]                      
Cash and cash equivalents           $ 400,000          
Assets held for sale           6,600,000          
Other current assets           2,400,000          
Furniture, fixture and equipment           1,000,000          
Other non-current assets           200,000          
Total assets acquired           10,600,000     1,800,000    
LIABILITIES [Abstract]                      
Accounts payable           200,000          
Tax payable           200,000          
Other current liabilities           900,000          
Total liabilities assumed           1,300,000     1,300,000    
Net assets acquired           9,300,000          
Cash consideration           8,000,000     300,000    
Common shares issued           18,100,000          
Payable to seller           7,200,000          
Total consideration           33,300,000          
Difference           24,000,000          
Settlement loss 5,000,000 0 16,200,000     5,000,000          
Net Goodwill recognized 18,979,000 0       19,000,000          
Acquisition related costs 3,600,000                    
Private equity placement issued amount 172,611,000 75,582,000                 250,000,000
Private equity placement participation 64,128,000 0                 65,000,000
Private equity placement participation (in hundredths)                     26.00%
Equity income 40,000 0 0                
Warrants received (in shares) 833,333                    
Warrants exercise price (n dollars per share) $ 15.00                    
Percentage of warrants vesting increments (in hundredths) 20.00%                    
Percentages of increase in volume weighted average price (in hundredths) 10.00%                    
Percentage of common shares increase (in hundredths)       25.00% 65.00%            
Minimum business days required for exercise level of VWAP 10 days                    
VWAP minimum trading volume of exercise levels $ 2,000,000