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SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2017
SUBSEQUENT EVENTS [Abstract] |
SUBSEQUENT EVENTS |
17. | SUBSEQUENT EVENTS
On January 26, 2018 the Company declared a cash dividend of $0.03 per share in respect of the results for the fourth quarter of 2017, which was paid on March 9, 2018. On April 27, 2018 the Company declared a cash dividend of $0.01 per share in respect of the results for the first quarter of 2018, which is to be paid on or around June 12, 2018. On May 3, 2018 the Company announced that two vessels have been placed in the market for sale. On May 4, 2018 the Company executed an amendment to the Credit Facility expiring on December 31, 2018. Please see Note 10 to our financial statements for further information.

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- Definition Tabular disclosure of significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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