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CONSOLIDATED SEGMENT INFORMATION (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015
Statement of profit or loss and other comprehensive income [abstract] |  |  |
Revenue |  |  | $ 540,400
Port expenses, bunkers and commissions | $ (259,888) | $ (221,859) | (169,646)
Charter hire |  |  | (12,000)
Operating expenses (Note 4) | (188,374) | (195,249) | (122,867)
Administrative expenses (Note 4, 5) | (45,007) | (41,406) | (19,486)
Other operating expenses |  |  | (6,300)
Share of profit/(loss) from joint ventures |  |  | 200
Impairment losses on tangible and intangible assets | 20,000 |  | 0
Depreciation (Note 7) | (114,451) | (122,215) | (67,327)
Operating profit/(loss) (EBIT) | 39,529 | (107,212) | 142,958
Total | 4,255 | 2,814 | 992
Financial expenses (Note 9) | (40,601) | (37,333) | (16,926)
Profit/(loss) before tax | 3,184 | (141,731) | 127,024
Tax (Note 12) | (777) | (760) | (1,041)
Net profit/(loss) for the year | $ 2,407 | $ 142,491 | 125,983
Operating segments | Tanker Segment |  |  |
Statement of profit or loss and other comprehensive income [abstract] |  |  |
Revenue |  |  | 538,700
Port expenses, bunkers and commissions |  |  | (169,200)
Charter hire |  |  | (11,100)
Operating expenses (Note 4) |  |  | (121,700)
Administrative expenses (Note 4, 5) |  |  | 0
Other operating expenses |  |  | 0
Share of profit/(loss) from joint ventures |  |  | 0
Impairment losses on tangible and intangible assets |  |  | 0
Depreciation (Note 7) |  |  | (67,100)
Operating profit/(loss) (EBIT) |  |  | 169,600
Total |  |  | 0
Financial expenses (Note 9) |  |  | 0
Profit/(loss) before tax |  |  | 169,600
Tax (Note 12) |  |  | 0
Net profit/(loss) for the year |  |  | 169,600
Operating segments | Bulk Segment |  |  |
Statement of profit or loss and other comprehensive income [abstract] |  |  |
Revenue |  |  | 1,700
Port expenses, bunkers and commissions |  |  | (500)
Charter hire |  |  | (900)
Operating expenses (Note 4) |  |  | (1,200)
Administrative expenses (Note 4, 5) |  |  | 0
Other operating expenses |  |  | 0
Share of profit/(loss) from joint ventures |  |  | 0
Impairment losses on tangible and intangible assets |  |  | 0
Depreciation (Note 7) |  |  | (200)
Operating profit/(loss) (EBIT) |  |  | (1,000)
Total |  |  | 0
Financial expenses (Note 9) |  |  | 0
Profit/(loss) before tax |  |  | (1,000)
Tax (Note 12) |  |  | 0
Net profit/(loss) for the year |  |  | (1,000)
Not allocated |  |  |
Statement of profit or loss and other comprehensive income [abstract] |  |  |
Revenue |  |  | 0
Port expenses, bunkers and commissions |  |  | 0
Charter hire |  |  | 0
Operating expenses (Note 4) |  |  | 0
Administrative expenses (Note 4, 5) |  |  | (19,500)
Other operating expenses |  |  | (6,300)
Share of profit/(loss) from joint ventures |  |  | 200
Impairment losses on tangible and intangible assets |  |  | 0
Depreciation (Note 7) |  |  | 0
Operating profit/(loss) (EBIT) |  |  | (25,600)
Total |  |  | 1,000
Financial expenses (Note 9) |  |  | (16,900)
Profit/(loss) before tax |  |  | (41,500)
Tax (Note 12) |  |  | (1,000)
Net profit/(loss) for the year |  |  | $ (42,500)

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