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SHARE-BASED COMPENSATION PLAN (Details) (USD $)
In Millions, except Share data, unless otherwise specified
 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2012
Jan. 10, 2013
Dec. 31, 2011
Dec. 31, 2012
Equity Incentive Plan 2011 [Member]
Dec. 31, 2011
Equity Incentive Plan 2011 [Member]
Jan. 10, 2013
Equity Incentive Plan 2011 [Member]
Dec. 31, 2012
Scandic American Shipping Ltd. [Member]
Dec. 31, 2012
Employees [Member]
Equity Incentive Plan 2011 [Member]
Dec. 31, 2011
Employees [Member]
Equity Incentive Plan 2011 [Member]
Dec. 31, 2012
Non-Employees [Member]
Equity Incentive Plan 2011 [Member]
Dec. 31, 2011
Non-Employees [Member]
Equity Incentive Plan 2011 [Member]
Dec. 31, 2012
Restricted Stock Awards [Member]
Scandic American Shipping Ltd. [Member]
Dec. 31, 2011
Restricted Stock Awards [Member]
Scandic American Shipping Ltd. [Member]
Dec. 31, 2012
Restricted Stock Awards [Member]
Employees and Non Employees [Member]
Equity Incentive Plan 2011 [Member]
Dec. 31, 2010
Restricted Stock Awards [Member]
Employees and Non Employees [Member]
Stock Incentive Plan 2004 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Manager's right to ownership of company's total outstanding shares (in hundredths)                       2.00%      
Common Stock, par value (in dollars per share) $ 0.01   $ 0.01                        
Restricted shares issued to the Manager                       112,245 4,612    
Vesting requirement lifted for restricted shares   174,000       174,000                  
Restricted shares remaining in plan                           391,500  
Fair value of shares issued to manager (in dollars per share)                       $ 13.73 $ 14.45    
Acquisition of shares in percentage (in hundredths)             100.00%                
Total compensation cost for the period       $ 1.30 $ 1.30                   $ 0.06
Restricted shares authorized (in shares)         400,000                    
Individuals in management and Board members participating in incentive plan         23                 21  
Number of employees who had resigned 2                            
Shares held in treasury (in shares)                           8,500  
Share-based compensation arrangement shares cliff vesting period, first range (in years)         4Y                    
Share-based compensation arrangement shares authorized and issued, first range (in shares)         326,000                    
Share-based compensation arrangement shares cliff vesting period, second range (in years)         5Y                    
Share-based compensation arrangement shares authorized and issued, second range (in shares)         74,000                    
Intrinsic value of restricted shares outstanding                           5.1  
Unrecognized compensation cost related to unvested restricted stock                           $ 3.2  
Weighted average period to recognize the unrecognized compensation cost (in years)                           2.41  
Restricted shares -Employees and Non-Employees [Roll Forward]                              
Non-vested at beginning of period (in shares)               163,000 0 237,000 0        
Granted during the year (in shares)               0 163,000 0 237,000        
Vested during the year (in shares)               0 0 0 0        
Forfeited during the year (in shares)               0 0 (8,500) 0        
Non-vested at end of period (in shares)               163,000 163,000 228,500 237,000        
Weighted-average grant-date fair value [Abstract]                              
Non-vested at beginning of period (in dollars per share)               $ 23.88 $ 0 $ 22.06 $ 0        
Granted during the year (in dollars per share)               $ 0 $ 23.88 $ 0 $ 22.06        
Vested during the year (in dollars per share)               $ 0 $ 0 $ 0 $ 0        
Forfeited during the year (in dollars per share)               $ 0 $ 0 $ 0 $ 0        
Non-vested at end of period (in dollars per share)               $ 23.88 $ 23.88 $ 22.06 $ 22.06