XML 82 R65.htm IDEA: XBRL DOCUMENT v3.22.4
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