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EQUITY METHOD INVESTMENTS (Details) (USD $)
12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
Front Tobago Shipping Corporation [Member]
Dec. 21, 2010
Front Tobago Shipping Corporation [Member]
Dec. 31, 2011
CalPetro Tankers (Bahamas I) Limited [Member]
Dec. 31, 2010
CalPetro Tankers (Bahamas I) Limited [Member]
Dec. 31, 2011
CalPetro Tankers (Bahamas II) Limited [Member]
Dec. 31, 2010
CalPetro Tankers (Bahamas II) Limited [Member]
Dec. 31, 2011
CalPetro Tankers (IOM) Limited [Member]
Dec. 21, 2010
CalPetro Tankers (IOM) Limited [Member]
Dec. 31, 2011
Orion Tankers Ltd [Member]
Dec. 21, 2010
Orion Tankers Ltd [Member]
Dec. 31, 2011
Frontline 2012 Ltd [Member]
Dec. 31, 2010
Frontline 2012 Ltd [Member]
Dec. 31, 2011
Frontline 2012 Ltd [Member]
Private Placement [Member]
Dec. 31, 2011
Independent Tankers Corporation Limited [Member]
Dec. 31, 2011
Variable Interest Entities Calpetro Bahamas B1, Calpetro Bahamas BII, CalPetro IOM [Member]
Dec. 31, 2010
Variable Interest Entities Calpetro Bahamas B1, Calpetro Bahamas BII, CalPetro IOM [Member]
Dec. 31, 2009
Variable Interest Entities Calpetro Bahamas B1, Calpetro Bahamas BII, CalPetro IOM [Member]
Schedule of Equity Method Investments [Line Items]                                        
Ownership percentage (in hundredths)       0.00% 40.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 50.00% 0.00% 8.80% 0.00% 8.80% 82.47%      
Equity Method Investment, Additional Information [Abstract]                                        
Number of oil tankers acquired   3                                    
Shares issued                               100,000,000        
Par value of new ordinary shares issued in transaction (in dollars per share) $ 2.50 $ 2.50                           $ 2.00        
Subscription price of ordinary shares issued (in dollars per share)                               $ 2.85        
Total paid for shares acquired in private placement $ 25,047,000 $ 0 $ 0                         $ 25,000,000        
Number of shares allocated in transaction (in shares)                               8,771,000        
Number of common directors                           2            
Final dividend received from liquidation proceedings       500,000                                
Dividends received from equity method investees 500,000 0 0                                  
Variable Interest Entity, Not Primary Beneficiary, Disclosures [Abstract]                                        
Current assets                                   16,142,000 17,792,000  
Non current assets                                   25,038,000 34,975,000  
Current liabilities                                   10,438,000 10,611,000  
Non current liabilities                                   28,577,000 38,103,000  
Combined unconsolidated net assets of CalPetro BI, CalPetro BII, and CalPetro IOM                                   2,200,000 2,800,000  
Net operating revenues                                   3,295,000 4,115,000 5,047,000
Net operating income                                   2,912,000 3,811,000 4,694,000
Net loss                                   $ (600,000) $ (515,000) $ (544,000)