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VESSEL ACQUISITIONS AND DISPOSITIONS (Details) $ in Thousands | 3 Months Ended | 6 Months Ended |  |
--- | --- | --- | --- | ---
Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | May 18, 2021 USD ($) item
VESSEL ACQUISITIONS |  |  |  |  |  |
Deposits on vessels |  |  |  |  | $ 18,543 |
Restricted cash, current | $ 5,643 |  | $ 5,643 |  | 5,643 |
Secured Debt | $450 Million Credit Facility |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |
Restricted Cash, Current | 5,643 |  | $ 5,643 |  | 5,643 |
Period for which sales proceeds from vessels will remain as restricted cash |  |  | 360 days |  |  |
Collateral vessel replacement period |  |  | 360 days |  |  |
Agreement To Purchase Ultramax Newbuild Vessels | Genco Mary and Genco Laddey |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |
Number of vessels purchased under option to be acquired per purchase agreement | item |  |  |  |  |  | 2
Capacity of vessels | item |  |  |  |  |  | 61,000
Purchase price per vessel |  |  |  |  |  | $ 29,170
Deposits on vessels |  |  |  |  | $ 18,543 |
Remaining purchase price of vessels paid |  |  | $ 40,838 |  |  |
Capitalized interest associated with new building contracts | $ 0 | $ 54 | $ 5 | $ 54 |  |

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