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DESCRIPTION OF BUSNIESS (Details) (USD $)
12 Months Ended 3 Months Ended 12 Months Ended 26 Months Ended 29 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2013
vessel
t
Dec. 31, 2012
vessel
Dec. 31, 2007
vessel
Dec. 31, 1996
vessel
Mar. 31, 2010
Golden Future and Golden Zhejiang [Member]
vessel
Dec. 31, 2009
Battersea and Belgravia [Member]
vessel
Dec. 31, 2013
Golden Zhejiang [Member]
Jun. 30, 2012
Golden Zhejiang [Member]
Jun. 30, 2012
Golden Zhejiang [Member]
Sep. 14, 2014
Golden Zhejiang [Member]
Jun. 30, 2011
Golden Zhejiang [Member]
Aug. 01, 2014
Belgravia [Member]
Mar. 02, 2012
Belgravia [Member]
Dec. 31, 2014
Golden Future [Member]
Dec. 31, 2013
182000 dwt [Member]
t
Dec. 31, 2013
180000 dwt [Member]
t
Dec. 31, 2013
Capesize Vessels [Member]
vessel
Dec. 31, 2013
Time charter [Member]
vessel
Number of vessels in initial fleet       5                            
Number of vessels disposed of 1 3 1                              
Purchase of vessels         2 2                        
Time charter daily rates per day pre contract renegotiation                     $ 29,900   $ 52,670          
Time charter daily rates post contract renegotiation                     19,900   46,412          
Time charter reduced hire period                 1 year                  
Time charter revenue reduction resulting from renegotiation expected to be received in future period               3,660,000                    
Additional time charter daily rate to be charged                   $ 4,581                
Vessels in fleet 4                                 3
DWT 700,000.0                                  
Time charter period minimum             11 months             11 months        
Time charter period maximum             13 months             13 months        
Broker commissions                       2.50%            
Number of Newbuildings on Order 4                           2 2 4  
Capesize Drybulk Size Range                             182,000 180,000