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VESSELS (Details)
$ in Thousands
1 Months Ended 9 Months Ended 12 Months Ended
Jul. 31, 2018
Vessel
Sep. 30, 2018
USD ($)
Vessel
Sep. 30, 2017
USD ($)
Dec. 31, 2017
USD ($)
Vessel
VESSELS [Abstract]        
Number of vessels | Vessel   24   30
Residual value   $ 8,000   $ 4,000
Depreciation charge reduction due to change in estimate   $ 8,100    
Estimated useful life   25 years    
Vessels, net [Abstract]        
Total   $ 1,393,985   1,889,270
Less Accumulated Depreciation   (440,237) [1]   (842,977)
Less Accumulated Impairment Loss on Vessels   (19,128) [2]   (110,480)
Vessels, Net   934,620   935,813
Depreciation charges disposed   447,200    
Dry-docking charges   4,788 $ 14,933  
Impairment loss on vessels   2,168 0  
Loss on disposal of vessels   3,357 0  
Gross proceeds from sale of vessels   77,500    
Loss from disposal of inventory   4,000    
Transaction costs   1,800    
Proceeds from sale of vessels   $ 71,722 $ 0  
Number of vessels disposed of | Vessel 6 8    
Vessels [Member]        
Vessels, net [Abstract]        
Additions   $ 114,188   69,927
Disposals   (548,435)   0
Total   1,769,967   1,700,040
Drydocking [Member]        
Vessels, net [Abstract]        
Additions   7,006   20,150
Disposals   (68,043)   0
Total   $ 119,303   $ 99,153
[1] Depreciation charges of $447.2 million related to vessels disposed of in 2018 is excluded
[2] Impairment charges of $2.2 million related to vessels disposed of in 2018 is excluded