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FINANCIAL INSTRUMENTS (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
instrument
Dec. 31, 2012
instrument
Dec. 31, 2011
Fair Value Disclosures [Abstract]      
Number of risks related to subsidiaries' reporting in foreign currency 2    
Number of forward freight contracts entered into and outstanding for speculative purposes 0 24  
Mark to market of derivatives $ 585 $ 1,725 $ (390)