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INVESTMENTS IN DEBT AND EQUITY SECURITIES (Details) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Oct. 31, 2015
Dec. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Apr. 30, 2019
Dec. 31, 2016
Term of time charter, minimum period     6 years        
Term of time charter, maximum period     8 years        
Term of lease or charter 15 years   7 years   15 years    
Amortised Cost   $ 76,234,000 $ 87,802,000   $ 76,234,000    
Unrealised gains/(losses)   10,940,000 27,756,000   10,940,000    
Fair value   87,174,000 115,558,000   87,174,000    
Net unrealized gain     27,323,000 $ 15,304,000 12,277,000    
Corporate Bond Securities [Member]              
Carrying value of listed and unlisted corporate bonds   13,245,000 14,221,000   13,245,000    
Corporate Bond Securities [Member]              
Amortised Cost   12,601,000 13,873,000   12,601,000    
Unrealised gains/(losses)   644,000 348,000   644,000    
Fair value   13,245,000 14,221,000   13,245,000    
Common Stock [Member]              
Amortised Cost   63,633,000 73,929,000   63,633,000    
Unrealised gains/(losses)     27,408,000       $ 10,296,000
Fair value   73,929,000 101,337,000   73,929,000    
Corporate Bond Securities_NorAm Drilling [Member]              
Amortised Cost   4,715,000 4,423,000   4,715,000    
Debt Instrument, Interest Rate, Stated Percentage           9.00%  
Debt Securities, Available-for-sale, Sold at Par Value     300,000        
Gain (loss) on redemption     0        
Unrealised gains/(losses)   477,000 477,000   477,000    
Fair value   5,192,000 4,900,000   5,192,000    
Oro Negro Bond              
Amortised Cost   7,886,000 7,886,000   7,886,000    
Unrealised gains/(losses)   167,000 (168,000)   167,000    
Fair value   8,053,000 7,718,000   8,053,000    
ERROR in label resolution.              
Fair value   60,800,000 88,000,000.0   60,800,000    
ERROR in label resolution.              
Fair value   3,900,000 4,200,000   3,900,000    
Corporate Bond Securities_Oro Negro Super Senior [Member]              
Amortised Cost   0 1,564,000   0    
Debt Instrument, Interest Rate, Stated Percentage           12.00%  
Face value of bonds           $ 1,600,000  
Unrealised gains/(losses)   0 39,000   0    
Fair value   0 1,603,000   0    
Common Stock, ADS [Member]              
Fair value   $ 9,200,000 $ 9,200,000   $ 9,200,000    
Minimum [Member]              
Term of lease or charter   6 years 5 years