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VESSELS UNDER CONSTRUCTION (Details)
1 Months Ended 3 Months Ended 6 Months Ended
May 07, 2015
USD ($)
item
Mar. 31, 2014
item
Jun. 30, 2016
USD ($)
item
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
item
Jun. 30, 2015
USD ($)
Vessels under construction            
Interest Costs Capitalized     $ 7,763,000 $ 7,926,000 $ 17,610,000 $ 11,471,000
Total, beginning         911,017,000  
Total, end     543,533,000   543,533,000  
Acquired VLCC Newbuildings            
Vessels under construction            
Capitalized interest expense, beginning         44,130,000  
Interest Costs Capitalized         17,610,000  
Capitalized interest expense, end     61,740,000   61,740,000  
Vessel delivery, beginning         (327,767,000)  
Vessels delivery increase         (864,064,000)  
Vessel delivery, end     (1,191,831,000)   (1,191,831,000)  
Total, beginning         911,017,000  
Total vessels under construction decrease         (367,484,000)  
Total, end     543,533,000   543,533,000  
2014 Acquired VLCC Newbuildings            
Vessels under construction            
Vessels/SPV Stock Purchase, beginning         162,683,000  
Vessels/SPV Stock Purchase, end     162,683,000   162,683,000  
Installment and supervision payments, beginning         287,259,000  
Installment and supervision payments increase         234,580,000  
Installment payments, end     521,839,000   521,839,000  
Accrued milestones and supervision payments, end         18,895,000  
Accrued milestones and supervision payments decrease         (18,895,000)  
Others, beginning         2,687,000  
Others increase         2,017,000  
Others, end     $ 4,704,000   $ 4,704,000  
Number of vessels delivered | item     1      
Number of vessels remaining to be delivered | item         1  
2014 Acquired VLCC Newbuildings | Scorpio Tankers Inc            
Vessels under construction            
Number of tankers in new building contract | item   7        
2015 Acquired VLCC Newbuildings            
Vessels under construction            
Vessels/SPV Stock Purchase, beginning         $ 435,417,000  
Vessels/SPV Stock Purchase, end     $ 435,417,000   435,417,000  
Acquisition-related costs, beginning         10,295,000  
Acquisition-related costs, end     10,295,000   10,295,000  
Installment and supervision payments, beginning         183,738,000  
Installment and supervision payments increase         324,393,000  
Installment payments, end     508,131,000   508,131,000  
Accrued milestones and supervision payments, end         87,150,000  
Accrued milestones and supervision payments decrease         (67,990,000)  
Accrued milestones and supervision payments, beginning     19,160,000   19,160,000  
Others, beginning         3,110,000  
Others increase         4,865,000  
Others, end     7,975,000   7,975,000  
Fair value of 2015 Warrant Agreement assumed, beginning         3,381,000  
Fair value of 2015 Warrant Agreement assumed, end     3,381,000   3,381,000  
Fair value of stock option, beginning         39,000  
Fair value of stock option, end     $ 39,000   $ 39,000  
Number of vessels delivered | item     2      
Number of vessels remaining to be delivered | item         9  
2015 Acquired VLCC Newbuildings | Crude Oil Tanker | Navig8 Crude Tankers Inc            
Vessels under construction            
Number of tankers in new building contract | item 14          
2015 Acquired VLCC Newbuildings | Stock options | Navig8 Crude Tankers Inc            
Vessels under construction            
Fair value of stock option, end $ 39,000