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NEWBUILDINGS - Movement in Newbuilding Balance (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2016
USD ($)
Movement In Newbuilding Balance [Roll Forward]  
Balance at December 31, 2015 $ 338,614
Installments and newbuilding supervision fees 205,972
Interest capitalized 2,200
Transfers to Vessels and Equipment (353,002)
Balance at June 30, 2016 $ 193,784