EQUITY METHOD INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2020

EQUITY METHOD INVESTMENTS [Abstract]

Results of Operations of Equity Method Investments

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)		2020		2019		2020		2019
Shipping revenues	$	26,119	$	53,470	$	52,143	$	105,785
Ship operating expenses		(14,241)		(27,958)		(28,481)		(54,327)
Income from vessel operations		11,878		25,512		23,662		51,458
Other income		—		468		40		895
Interest expense		(1,721)		(10,113)		(3,595)		(20,389)
Income tax provision		(944)		(814)		(1,867)		(1,668)
Net income	$	9,213	$	15,053	$	18,240	$	30,296