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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands |  |  | 5 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | ---
Jul. 17, 2015 segment | Oct. 04, 2013 USD ($) shares | Dec. 31, 2015 segment item | Dec. 31, 2014 USD ($) item $ / item | Jul. 09, 2014 USD ($) | Dec. 31, 2015 USD ($) item | Dec. 31, 2014 item $ / item | Dec. 31, 2013 USD ($) item shares
SEGMENT INFORMATION |  |  |  |  |  |  |  |
Number of reportable segments | segment | 2 |  | 1 |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |  |  |
Net (gain) loss on purchase and sale of bunker fuel and LCM adjustments |  |  |  | $ 1,616 |  | $ 8,927 |  |
Number of vessels in vessel pools | item |  |  | 19 | 13 |  | 19 | 13 |
Other operating income |  |  |  |  |  |  |  |
Other operating income |  |  |  | $ 530 |  | $ 0 |  |
Predecessor |  |  |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |  |  |
Net (gain) loss on purchase and sale of bunker fuel and LCM adjustments |  |  |  |  | $ 252 |  |  | $ 567
Other operating income |  |  |  |  |  |  |  |
Other operating income |  |  |  |  | 0 |  |  | 121
Samsun |  |  |  |  |  |  |  |
Other operating income |  |  |  |  |  |  |  |
Other operating income |  |  |  | $ 530 |  |  |  |
Korea Line Corporation |  |  |  |  |  |  |  |
Other operating income |  |  |  |  |  |  |  |
Other operating income |  |  |  |  |  | $ 0 |  |
Korea Line Corporation | Predecessor |  |  |  |  |  |  |  |
Other operating income |  |  |  |  |  |  |  |
Other operating income |  |  |  |  | $ 0 |  |  | $ 21
Number of shares received related to the rehabilitation plan (in shares) | shares |  | 3,355 |  |  |  |  |  | 3,355
Spot Market-Related Time Charter Agreement with Profit Sharing Element |  |  |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |  |  |
Floor price (in dollars per unit) | $ / item |  |  |  | 9 |  |  | 9 |
Ceiling price (in dollars per unit) | $ / item |  |  |  | 14 |  |  | 14 |
Allocation of excess profit sharing amount (as a percent) |  |  |  |  |  |  | 50.00% |
Percentage of average of the daily rates of BHSI used to determine charter agreement rates (as a percent) |  |  |  |  |  |  | 115.00% |
Spot Market-Related Time Charter Agreement with Profit Sharing Element | Predecessor |  |  |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |  |  |
Number of vessels under spot market-related time charters which include a profit-sharing element | item |  |  |  |  |  |  |  | 4
Clipper Logger Pool and Clipper Sapphire Pool |  |  |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |  |  |
Number of vessels in vessel pools | item |  |  | 14 | 7 |  | 14 | 7 |
Bulkhandling Handymax A/S Pool |  |  |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |  |  |
Number of vessels in vessel pools | item |  |  | 4 | 5 |  | 4 | 5 |
Navig8 Bulk Pool |  |  |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |  |  |
Number of vessels in vessel pools | item |  |  | 1 | 1 |  | 1 | 1 |
Other Income | Korea Line Corporation | Predecessor |  |  |  |  |  |  |  |
Other operating income |  |  |  |  |  |  |  |
Fair value of shares received |  | $ 100 |  |  |  |  |  | $ 100

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