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PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) (USD $) | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2010
PREPAID EXPENSES AND OTHER CURRENT ASSETS [Abstract] |  |  |
Prepaid expenses | $ 2,714,000 | $ 3,137,000 |
Deposit on Contracts, Nordic Galaxy | 9,000,000 | 0 | 9,000,000
Deferred Financing Costs | 653,000 | 1,228,000 |
Voyage in Progress, temporarily spot charters | 5,233,000 | 0 |
Working Capital, cooperative arrangements | 12,779,000 | 0 |
Other | 1,389,000 | 1,184,000 |
Total at year end | 31,768,000 | 5,549,000 |
Decrease in prepaid expenses | $ 26,300,000 |  |

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