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DEBT - $108 Million Credit Facility (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Aug. 14, 2018
USD ($)
item
Sep. 30, 2018
USD ($)
Sep. 30, 2018
USD ($)
Jul. 12, 2018
item
Jun. 06, 2018
item
Dec. 31, 2017
USD ($)
Agreement To Purchase Ultramax And Capesize Vessels            
Line of Credit Facility            
Number of vessels committed to be acquired under purchase agreement | item         4  
Agreement to Purchase Capesize Drybulk Vessels            
Line of Credit Facility            
Number of vessels committed to be acquired under purchase agreement | item       2 2  
Agreement To Purchase Ultramax Drybulk Vessels            
Line of Credit Facility            
Number of vessels committed to be acquired under purchase agreement | item         2  
Secured Debt | $108 Million Credit Facility            
Line of Credit Facility            
Term of facilities 5 years          
Maximum borrowing capacity $ 108,000 $ 108,000 $ 108,000      
Proceeds from credit facility   108,000 108,000      
Maximum facility amount of fair market value of aggregate vessels at delivery (as a percent) 45.00%          
Remaining borrowing capacity   0 0      
Repayment of secured debt   0 0      
Long-term debt   $ 106,048 $ 106,048     $ 0
Repaid value of loan when certain debt terms are met $ 0          
Average age of collateral vessels for repayment of loan 20 years          
Amount of repayment per quarter $ 1,580          
Percentage limit of consolidated net income for which dividends can be paid 50.00%          
Key covenant - Unrestricted cash and cash equivalents minimum $ 30,000          
Key covenant – Percentage of unrestricted cash to total indebtedness 7.50%          
Minimum working capital required $ 0          
Maximum total indebtedness to total capitalization (as a ratio) 0.70          
Secured Debt | $108 Million Credit Facility | LIBOR | Through September 30, 2019            
Line of Credit Facility            
Applicable margin over reference rate (as a percent) 2.50%          
Secured Debt | $108 Million Credit Facility | Agreement To Purchase Ultramax And Capesize Vessels            
Line of Credit Facility            
Number of vessels committed to be acquired under purchase agreement | item 6          
Secured Debt | $108 Million Credit Facility | Agreement to Purchase Capesize Drybulk Vessels            
Line of Credit Facility            
Number of vessels committed to be acquired under purchase agreement | item 4          
Secured Debt | $108 Million Credit Facility | Agreement To Purchase Ultramax Drybulk Vessels            
Line of Credit Facility            
Number of vessels committed to be acquired under purchase agreement | item 2          
Secured Debt | Minimum | $108 Million Credit Facility            
Line of Credit Facility            
Collateral security maintenance test (as a percent) 135.00%          
Secured Debt | Minimum | $108 Million Credit Facility | LIBOR | Period After September 30, 2019            
Line of Credit Facility            
Applicable margin over reference rate (as a percent) 2.25%          
Secured Debt | Maximum | $108 Million Credit Facility            
Line of Credit Facility            
Collateral security maintenance test (as a percent) 200.00%          
Secured Debt | Maximum | $108 Million Credit Facility | LIBOR | Period After September 30, 2019            
Line of Credit Facility            
Applicable margin over reference rate (as a percent) 2.75%