XML 60 R53.htm IDEA: XBRL DOCUMENT v3.6.0.2
EQUITY METHOD INVESTMENTS (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
Apr. 30, 2016
USD ($)
shares
Feb. 29, 2016
joint_venture_partner
company
Mar. 31, 2016
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Dec. 31, 2013
Equity Method Investment [Roll Forward]            
At December 31, 2015     $ 6,225 $ 6,225    
Dividend received from associated companies       (256)    
Gain on purchase of additional capital       23    
Purchase of additional capital       754 $ 0  
Share of (loss) income       (810)    
Impairment loss       (2,142)    
At June 30, 2016       $ 3,794    
Number of dry bulk shipowning groups | company   5        
Capesize Chartering            
Schedule of Equity Method Investments [Line Items]            
Ownership   20.00%   25.00%    
Equity Method Investment [Roll Forward]            
At December 31, 2015     0 $ 0    
Dividend received from associated companies       0    
Gain on purchase of additional capital       0    
Purchase of additional capital       0    
Share of (loss) income       0    
Impairment loss       0    
At June 30, 2016       $ 0    
Number of joint venture partners | joint_venture_partner   4        
United Freight Carriers LLC            
Schedule of Equity Method Investments [Line Items]            
Ownership       50.00%   50.00%
Equity Method Investment [Roll Forward]            
At December 31, 2015     770 $ 770    
Dividend received from associated companies       0    
Gain on purchase of additional capital       0    
Purchase of additional capital       0    
Share of (loss) income       (310)    
Impairment loss       0    
At June 30, 2016       $ 460    
Golden Opus Inc.            
Schedule of Equity Method Investments [Line Items]            
Ownership       50.00%    
Equity Method Investment [Roll Forward]            
At December 31, 2015     4,958 $ 4,958    
Dividend received from associated companies       0    
Gain on purchase of additional capital       0    
Purchase of additional capital       750    
Share of (loss) income       (661)    
Impairment loss     (2,100) (2,142)    
At June 30, 2016       $ 2,905    
Carrying value of equity method investments     5,200      
Fair value of equity method investments     $ 3,100      
Seateam            
Schedule of Equity Method Investments [Line Items]            
Ownership 22.29%   21.25% 22.29%    
Equity Method Investment [Roll Forward]            
At December 31, 2015     $ 497 $ 497    
Dividend received from associated companies       (256)    
Gain on purchase of additional capital $ 23     23    
Purchase of additional capital $ 4     4    
Share of (loss) income       161    
Impairment loss       0    
At June 30, 2016       $ 429    
Additional shares acquired | shares 5,156