DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

Amounts recorded in respect of discontinued operations in the years ended December 31, 2015 and 2014 are as follows;

(in thousands of $)	2015		2014
Operating revenues	18,083		33,432
Gain on sale of newbuilding contracts	—		74,834
Voyage expenses and commissions	(13,414	)	(17,291	)
Ship operating costs	(7,050	)	(6,797	)
Administrative expenses	(985	)	(2,490	)
Goodwill impairment loss	—		(149,482	)
Depreciation	(7,712	)	(6,187	)
Vessel impairment loss	(62,489	)	—
Interest income	—		17
Interest expense	(2,119	)	(1,698	)
Gain on revaluation of investment in Golden Ocean	—		24,422
Share of results from associated companies	(14,880	)	321
Impairment loss on shares	(40,556	)	—
Gain on non-controlling interest	192		—
Other financial items	(76	)	—
Foreign exchange loss	—		(2	)
Other non-operating expense	—		(238	)
Net loss from discontinued operations	(131,006	)	(51,159	)
Net loss attributable to non-controlling interest	(30,305	)	(63,214	)
Net (loss) income from discontinued operations after non-controlling interest	(100,701	)	12,055