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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)