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EQUITY METHOD INVESTMENTS (Details)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Apr. 30, 2016
USD ($)
$ / shares
shares
Mar. 31, 2016
USD ($)
Feb. 29, 2016
Mar. 31, 2016
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2016
USD ($)
Apr. 30, 2016
SGD / shares
Feb. 01, 2016
Dec. 31, 2015
USD ($)
Mar. 31, 2015
USD ($)
Oct. 07, 2014
$ / shares
Equity Method Investment [Roll Forward]                          
Beginning balance       $ 6,225 $ 6,225                
Share of income / (loss)         (381) $ (433) $ 0            
Impairment loss         (2,142) (4,600) 0            
Ending Balance         4,224 6,225              
Equity method investments       6,225 6,225 6,225   $ 4,224     $ 6,225 $ 11,346  
Share price (in SGD per share) | $ / shares                         $ 7.85
Gain on purchase         24 0 0            
United Freight Carriers [Member]                          
Schedule of Equity Method Investments [Line Items]                          
Equity Method Investment, Ownership Percentage               50.00%     50.00%    
Equity Method Investment [Roll Forward]                          
Beginning balance       770 770 0              
Acquired as a result of the Merger         0 630              
Dividends received from associated companies         0 0              
Share of income / (loss)         (149) 140              
Impairment loss         0 0              
Equity contribution         0                
Ending Balance         621 770 0            
Equity method investments       770 770 0 0 $ 621     $ 770    
Golden Opus Inc. [Member]                          
Schedule of Equity Method Investments [Line Items]                          
Equity Method Investment, Ownership Percentage               50.00%     50.00%    
Equity Method Investment [Roll Forward]                          
Beginning balance       4,958 4,958 0              
Acquired as a result of the Merger         0 10,379              
Dividends received from associated companies         0 0              
Share of income / (loss)         (694) (821)              
Impairment loss       (2,200) (2,142) (4,600)              
Equity contribution   $ 800     750                
Ending Balance         2,872 4,958 0            
Equity method investments       4,958 4,958 0 0 $ 2,872     $ 4,958    
Equity Method Investment, Aggregate Cost   5,300   5,300             9,600    
Equity Method Investments   $ 3,100   3,100             $ 5,000    
Seateam Management Pte Ltd [Member]                          
Schedule of Equity Method Investments [Line Items]                          
Equity Method Investment, Ownership Percentage               22.19%     21.25%    
Equity Method Investment [Roll Forward]                          
Beginning balance       497 497 0              
Acquired as a result of the Merger         28 337              
Dividends received from associated companies         (256) (88) 0            
Share of income / (loss)         462 248              
Impairment loss         0 0              
Equity contribution         0                
Ending Balance         731 497 0            
Equity method investments       497 497 $ 0 0 $ 731     $ 497    
Shares acquired | shares 5,156                        
Share price (in SGD per share) | SGD / shares                 SGD 1        
Net asset value (in dollars per share) | $ / shares $ 5.47                        
Gain on purchase $ 0                        
Capesize Chartering Ltd [Member]                          
Schedule of Equity Method Investments [Line Items]                          
Equity Method Investment, Ownership Percentage               25.00%   20.00% 20.00% 20.00%  
Equity Method Investment [Roll Forward]                          
Number of joint venture partners     4     5              
Equity method investments                       $ 0  
Total [Member]                          
Equity Method Investment [Roll Forward]                          
Beginning balance       6,225 6,225 $ 0              
Acquired as a result of the Merger         28 11,346              
Dividends received from associated companies         (256) (88)              
Share of income / (loss)         (381) (433)              
Impairment loss         (2,142) (4,600)              
Equity contribution         750                
Ending Balance         4,224 6,225 0            
Equity method investments       $ 6,225 $ 6,225 $ 0 $ 0 $ 4,224     $ 6,225