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INVESTMENTS, Change in accounting method retrospectivley applied (Details) - USD ($)
$ / shares in Units, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Equity (Loss) Income $ (2,462)   $ 40
Net Income (Loss) $ 114,627 $ (13,166) $ (105,417)
Earnings Per Share, Basic and Diluted $ 1.29   $ (1.64)
Statement of Comprehensive Income [Abstract]      
Total Other Comprehensive Income (Loss) $ 114,493   $ (105,493)
Statement of Financial Position [Abstract]      
Investment in Nordic American Offshore Ltd 64,877    
Total Assets 1,244,626    
Accumulated Other Comprehensive Loss (972)    
Accumulated Deficit 0    
Total Liabilities and Shareholders Equity 1,244,626    
Statement of Cash Flows [Abstract]      
Equity Loss (Income) (2,462)   0
Return on Investment 0   0
Net Cash Provided by (Used in) Operating Activities $ 174,391   $ (47,265)
A previously reported [Member]      
Income Statement [Abstract]      
Dividends Received   252  
Equity (Loss) Income   1,665  
Net Income (Loss)   $ (12,808)  
Earnings Per Share, Basic and Diluted   $ (0.15)  
Statement of Comprehensive Income [Abstract]      
Unrealized Gain (Losses) on Available-for-Sale Securities   $ (7,194)  
Total Other Comprehensive Income (Loss)   (20,680)  
Statement of Financial Position [Abstract]      
Investment in Nordic American Offshore Ltd   55,223  
Total Assets   1,169,024  
Accumulated Other Comprehensive Loss   (8,032)  
Accumulated Deficit   (12,808)  
Total Liabilities and Shareholders Equity   1,169,024  
Statement of Cash Flows [Abstract]      
Equity Loss (Income)   0  
Return on Investment   0  
Net Cash Provided by (Used in) Operating Activities   57,479  
Adjustments [Member]      
Income Statement [Abstract]      
Dividends Received   (252)  
Equity (Loss) Income   (106)  
Net Income (Loss)   $ (358)  
Earnings Per Share, Basic and Diluted   $ 0  
Statement of Comprehensive Income [Abstract]      
Unrealized Gain (Losses) on Available-for-Sale Securities   $ 7,194  
Total Other Comprehensive Income (Loss)   7,194  
Statement of Financial Position [Abstract]      
Investment in Nordic American Offshore Ltd   6,836  
Total Assets   6,836  
Accumulated Other Comprehensive Loss   7,194  
Accumulated Deficit   (358)  
Total Liabilities and Shareholders Equity   6,836  
Statement of Cash Flows [Abstract]      
Equity Loss (Income)   (1,497)  
Return on Investment   1,929  
Net Cash Provided by (Used in) Operating Activities   0  
As adjusted [Member]      
Income Statement [Abstract]      
Dividends Received   0  
Equity (Loss) Income   1,559  
Net Income (Loss)   $ (13,166)  
Earnings Per Share, Basic and Diluted   $ (0.15)  
Statement of Comprehensive Income [Abstract]      
Unrealized Gain (Losses) on Available-for-Sale Securities   $ 0  
Total Other Comprehensive Income (Loss)   (13,844)  
Statement of Financial Position [Abstract]      
Investment in Nordic American Offshore Ltd   62,059  
Total Assets   1,175,860  
Accumulated Other Comprehensive Loss   (838)  
Accumulated Deficit   (13,166)  
Total Liabilities and Shareholders Equity   1,175,860  
Statement of Cash Flows [Abstract]      
Equity Loss (Income)   (1,497)  
Return on Investment   1,929  
Net Cash Provided by (Used in) Operating Activities   $ 57,479