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DEBT - 495 Million Credit Facility (Details) $ in Thousands |  |  |  |  |  |  | 12 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Mar. 12, 2020 USD ($) | Sep. 23, 2019 USD ($) | Aug. 28, 2019 USD ($) | Feb. 28, 2019 USD ($) item | Jun. 05, 2018 | May 31, 2018 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2022 USD ($) | Dec. 17, 2020 item
$495 Million Credit Facility |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Drawdowns during the period |  |  |  |  |  |  |  | $ 11,250 |  |
Repayment of secured debt |  |  |  |  |  |  | $ 334,288 | 72,686 |  |
Secured Debt | $495 Million Credit Facility |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  | $ 495,000 |  |  |  |  |  |
Repayment of secured debt |  |  |  |  |  |  | 334,288 | 72,686 |  |
Long-term debt |  |  |  |  |  |  | $ 0 |  | $ 0 |
Repayment of secured debt. |  |  |  |  |  |  |  | $ 72,686 |  |
Secured Debt | $460 Million Credit Facility |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  |  | $ 460,000 |  |  |  |
Term of facilities |  |  |  |  |  | 5 years |  |  |  |
Secured Debt | $460 Million Credit Facility | LIBOR | Through December 31, 2018 |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Applicable margin over reference rate |  |  |  |  | 3.25% |  |  |  |  |
Secured Debt | $35,000 Scrubber Tranche |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  | $ 35,000 |  |  |  |  |  |
Drawdowns during the period | $ 11,250 | $ 12,200 | $ 9,300 |  |  |  |  |  |  |
Number of Capesize vessels for which the scrubber installation will be financed | item |  |  |  | 17 |  |  |  |  |  |
Reference rate |  |  |  | LIBOR |  |  |  |  |  |
Secured Debt | $35,000 Scrubber Tranche | LIBOR | Through September 30, 2019 |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Applicable margin over reference rate |  |  |  | 2.50% |  |  |  |  |  |
Secured Debt | Minimum | $460 Million Credit Facility | LIBOR | Period after December 31, 2018 |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Applicable margin over reference rate |  |  |  |  | 3.00% |  |  |  |  |
Secured Debt | Minimum | $35,000 Scrubber Tranche | LIBOR | Period After September 30, 2019 |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Applicable margin over reference rate |  |  |  | 2.25% |  |  |  |  |  |
Secured Debt | Maximum | $460 Million Credit Facility | LIBOR | Period after December 31, 2018 |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Applicable margin over reference rate |  |  |  |  | 3.50% |  |  |  |  |
Secured Debt | Maximum | $35,000 Scrubber Tranche | LIBOR | Period After September 30, 2019 |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Applicable margin over reference rate |  |  |  | 2.75% |  |  |  |  |  |
Agreement To Exchange Vessels | Ultramax Vessels |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Number of vessels to be exchanged | item |  |  |  |  |  |  |  |  |  | 3
Agreement To Exchange Vessels | Handysize Vessels |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Number of vessels to be exchanged | item |  |  |  |  |  |  |  |  |  | 6

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