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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands |  |  |  | 3 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | --- | ---
Jul. 18, 2015 segment | Jul. 17, 2015 segment | Jul. 09, 2014 $ / item | Dec. 31, 2015 USD ($) segment item | Dec. 31, 2014 USD ($) $ / item | Jul. 09, 2014 USD ($) | Dec. 31, 2016 USD ($) segment item $ / item | Dec. 31, 2015 USD ($) item | Dec. 31, 2014 item $ / item
Segment reporting |  |  |  |  |  |  |  |  |
Number of reportable segments | segment | 1 | 2 |  | 1 |  |  | 1 |  |
Voyage expense recognition |  |  |  |  |  |  |  |  |
Net loss (gain) on purchase and sale of bunker fuel and LCM adjustments |  |  |  |  | $ 1,616 |  | $ 4,920 | $ 8,927 |
Number of vessels in vessel pools | item |  |  |  | 19 |  |  | 20 | 19 |
Other operating income |  |  |  |  |  |  |  |  |
Other operating income |  |  |  |  | 530 |  | $ 960 | $ 0 |
Deferred revenue |  |  |  |  |  |  |  |  |
Reserve against the due from charterers |  |  |  | $ 429 |  |  | 283 | 429 |
Accrual related to estimated customer claims |  |  |  | $ 498 |  |  | $ 220 | 498 |
Number of categories of General administrative and management fees | item |  |  |  |  |  |  | 2 |  |
Vessels, net |  |  |  |  |  |  |  |  |
Estimated useful life |  |  |  |  |  |  | 25 years |  |
Estimated scrap value (in dollars per lightweight ton) | $ / item |  |  |  |  |  |  | 310 |  |
Estimated life of average scrap value of steel |  |  |  |  |  |  | 15 years |  |
Decrease in depreciation expense |  |  |  |  | $ 1,540 |  | $ 2,860 | $ 3,193 |
Predecessor |  |  |  |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |  |  |  |
Net loss (gain) on purchase and sale of bunker fuel and LCM adjustments |  |  |  |  |  | $ (252) |  |  |
Other operating income |  |  |  |  |  |  |  |  |
Other operating income |  |  |  |  |  | $ 0 |  |  |
Vessels, net |  |  |  |  |  |  |  |  |
Estimated scrap value (in dollars per lightweight ton) | $ / item |  |  | 245 |  |  |  |  |  |
Spot Market-Related Time Charter Agreement with Profit Sharing Element |  |  |  |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |  |  |  |
Number of vessels under spot market-related time charters which include a profit-sharing element | item |  |  |  |  |  |  | 6 | 0 | 2
Floor price (in dollars per unit) | $ / item |  |  |  |  | 9 |  | 3 |  | 9
Ceiling price (in dollars per unit) | $ / item |  |  |  |  | 14 |  |  |  | 14
Allocation of excess profit sharing amount (as a percent) |  |  |  |  |  |  | 50.00% |  | 50.00%
Percentage of average of the daily rates of BHSI used to determine charter agreement rates (as a percent) |  |  |  |  |  |  |  |  | 115.00%
Clipper Logger Pool and Clipper Sapphire Pool |  |  |  |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |  |  |  |
Number of vessels in vessel pools | item |  |  |  | 14 |  |  | 13 | 14 |
Bulkhandling Handymax A/S Pool |  |  |  |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |  |  |  |
Number of vessels in vessel pools | item |  |  |  | 4 |  |  | 7 | 4 |
Navig8 Bulk Pool |  |  |  |  |  |  |  |  |
Voyage expense recognition |  |  |  |  |  |  |  |  |
Number of vessels in vessel pools | item |  |  |  | 1 |  |  |  | 1 |
Bankruptcy settlement due | Samsun |  |  |  |  |  |  |  |  |
Other operating income |  |  |  |  |  |  |  |  |
Other operating income |  |  |  |  | $ 530 |  | $ 934 | $ 0 |

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