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DEBT - $108 Million Credit Facility (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 14, 2018
USD ($)
item
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
Jul. 12, 2018
item
Jun. 06, 2018
item
Agreement To Purchase Ultramax And Capesize Vessels                
Line of Credit Facility                
Number of vessels committed to be acquired under purchase agreement | item               4
Agreement to Purchase Capesize Drybulk Vessels                
Line of Credit Facility                
Number of vessels committed to be acquired under purchase agreement | item             2 2
Agreement To Purchase Ultramax Drybulk Vessels                
Line of Credit Facility                
Number of vessels committed to be acquired under purchase agreement | item               2
Secured Debt | $108 Million Credit Facility                
Line of Credit Facility                
Term of facilities 5 years              
Maximum borrowing capacity $ 108,000 $ 108,000 $ 108,000 $ 108,000 $ 108,000 $ 108,000    
Proceeds from credit facility     $ 108,000   108,000      
Maximum facility amount of fair market value of aggregate vessels at delivery (as a percent)     45.00%          
Remaining borrowing capacity   0   0        
Repayment of secured debt   1,580 $ 0 4,740 $ 0      
Long-term debt   $ 100,127   $ 100,127   $ 104,571    
Repaid value of loan when certain debt terms are met $ 0              
Average age of collateral vessels for repayment of loan 20 years              
Amount of repayment per quarter $ 1,580              
Percentage limit of consolidated net income for which dividends can be paid 50.00%              
Key covenant - Unrestricted cash and cash equivalents minimum $ 30,000              
Key covenant – Percentage of unrestricted cash to total indebtedness 7.50%              
Minimum working capital required $ 0              
Maximum total indebtedness to total capitalization (as a ratio) 0.70              
Secured Debt | $108 Million Credit Facility | LIBOR | Through September 30, 2019                
Line of Credit Facility                
Applicable margin over reference rate (as a percent) 2.50%              
Secured Debt | $108 Million Credit Facility | Agreement To Purchase Ultramax And Capesize Vessels                
Line of Credit Facility                
Number of vessels committed to be acquired under purchase agreement | item 6              
Secured Debt | $108 Million Credit Facility | Agreement to Purchase Capesize Drybulk Vessels                
Line of Credit Facility                
Number of vessels committed to be acquired under purchase agreement | item 4              
Secured Debt | $108 Million Credit Facility | Agreement To Purchase Ultramax Drybulk Vessels                
Line of Credit Facility                
Number of vessels committed to be acquired under purchase agreement | item 2              
Secured Debt | Minimum | $108 Million Credit Facility                
Line of Credit Facility                
Collateral security maintenance test (as a percent) 135.00%              
Secured Debt | Minimum | $108 Million Credit Facility | LIBOR | Period After September 30, 2019                
Line of Credit Facility                
Applicable margin over reference rate (as a percent) 2.25%              
Secured Debt | Maximum | $108 Million Credit Facility                
Line of Credit Facility                
Collateral security maintenance test (as a percent) 200.00%              
Secured Debt | Maximum | $108 Million Credit Facility | LIBOR | Period After September 30, 2019                
Line of Credit Facility                
Applicable margin over reference rate (as a percent) 2.75%