Golden Ocean Group Limited (GOGL) 20-F 21 Mar 18 2017 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2017shares
Document and Entity Information [Abstract]
Entity Registrant Name	Golden Ocean Group Ltd
Entity Central Index Key	1,029,145
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	20-F
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding	142,197,697
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating revenues
Time charter revenues	$ 233,007	$ 91,407	$ 85,960
Voyage charter revenues	225,769	159,108	102,972
Bareboat charter revenues	0	2,399	0
Other revenues	1,247	3,949	1,306
Total operating revenues	460,023	256,863	190,238
Gain (loss) on sale of assets and amortization of deferred gains	(312)	300	(10,788)
Other operating income, net	3,881	945	0
Operating expenses
Voyage expenses and commission	118,929	89,886	78,099
Ship operating expenses	132,198	105,843	83,022
Charter hire expenses	70,673	53,691	30,719
Administrative expenses	12,558	12,728	12,469
Provision for uncollectible receivables	0	1,800	4,729
Impairment loss on vessels and newbuildings	1,066	985	152,597
Depreciation	78,093	63,433	52,728
Total operating expenses	413,517	328,366	414,363
Net operating (loss) income	50,075	(70,258)	(234,913)
Other income (expenses)
Interest income	2,207	1,666	849
Interest expense	(59,840)	(45,511)	(29,831)
Equity results of associated companies, including impairment	4,620	(2,523)	(5,033)
Impairment loss on marketable securities	0	(10,050)	(23,323)
Gain (loss) on derivatives	145	(675)	(6,939)
Bargain purchase gain arising on consolidation	0	0	78,876
Other financial items	501	(515)	(336)
Net other (expenses) income	(52,367)	(57,608)	14,263
Net (loss) income before income taxes	(2,292)	(127,866)	(220,650)
Income tax expense (credit)	56	(155)	189
Net (loss) income	$ (2,348)	$ (127,711)	$ (220,839)
Per share information:
(Loss) earnings per share: basic and diluted (in dollars per share)	$ (0.02)	$ (1.34)	$ (7.30)

Consolidated Statements of Othe

Consolidated Statements of Other Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (2,348)	$ (127,711)	$ (220,839)
Unrealized gain (loss)	3,036	(7,763)	(23,323)
Reclassification of loss to net income	0	10,050	23,323
Other comprehensive income	3,036	2,287	0
Comprehensive income (loss), net	$ 688	$ (125,424)	$ (220,839)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 309,029	$ 212,942
Restricted cash	8,110	315
Marketable securities	16,300	6,524
Trade accounts receivable, net	23,363	14,755
Other receivables	25,437	10,987
Related party receivables	1,990	1,927
Derivative instruments receivables	3,748	1,594
Inventories	20,142	17,953
Prepaid expenses and accrued income	8,587	6,524
Voyages in progress	9,062	3,998
Favorable charter party contracts	18,732	22,413
Total current assets	444,500	299,932
Restricted cash	54,845	53,797
Vessels and equipment, net	2,215,003	1,758,939
Vessels under capital leases, net	2,061	2,956
Newbuildings	105,727	180,562
Favorable charter party contracts	34,954	53,686
Investments in associated companies	2,287	4,224
Other long term assets	10,681	7,527
Total assets	2,870,058	2,361,623
Current liabilities
Current portion of long-term debt	109,671	0
Current portion of obligations under capital leases	5,239	4,858
Derivative instruments payables	2,293	1,990
Related party payables	2,730	1,387
Trade accounts payables	5,401	2,882
Accrued expenses	24,304	17,867
Other current liabilities	32,089	14,617
Total current liabilities	181,727	43,601
Long-term liabilities
Long-term debt	1,134,788	1,058,418
Long-term related party debt	44,000	0
Obligations under capital leases	7,435	12,673
Other long term liabilities	8,059	8,212
Total liabilities	1,376,009	1,122,904
Commitments and contingencies
Equity
Share capital (142,197,697 shares. 2016: 105,965,192 shares. All shares are issued and outstanding at par value $0.05)	7,111	5,299
Additional paid in capital	454,694	201,864
Contributed capital surplus	1,378,824	1,378,824
Accumulated other comprehensive income	5,323	2,287
Retained deficit	(351,903)	(349,555)
Total equity	1,494,049	1,238,719
Total liabilities and equity	$ 2,870,058	$ 2,361,623

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016	Oct. 24, 2016	Sep. 30, 2016	Aug. 31, 2016	Jul. 31, 2016	Feb. 29, 2016	Jan. 31, 2016
Equity
Share capital, par value (in dollars per share)	$ 0.05		$ 0.05	$ 0.05	$ 0.05	$ 0.01	$ 0.01	$ 0.01
Share capital, shares outstanding (in shares)	142,197,697	105,965,192

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Cash Flows [Abstract]
Net (loss) income	$ (2,348)	$ (127,711)	$ (220,839)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation	78,093	63,433	52,728
Amortization of deferred charges	1,415	1,345	1,562
(Gain) loss on sale of assets and amortization of deferred gains	312	(300)	10,788
Loss on sale of marketable securities	0	203	0
Impairment loss on vessels and newbuildings	1,066	985	152,597
Equity award expenses (gain)	576	86	(10)
Bargain purchase gain arising on consolidation	0	0	(78,876)
Equity results of associated companies, including impairment	(4,620)	381	433
Impairment of associated companies	0	2,142	4,600
Gain on purchase of associated companies	0	(24)	0
Amortization of charter party-out contracts	19,333	27,277	23,714
Amortization of charter party-in contracts	(672)	(674)	(1,399)
Amortization of other fair value adjustments, net, arising on the Merger	10,360	9,434	6,479
Mark to market (gain) loss on derivatives	(1,851)	(3,363)	2,429
Provision for onerous contracts	29	(2,370)	2,370
Provision for doubtful debts	0	199	512
Provision for uncollectible receivables	0	1,800	4,729
Impairment loss on marketable securities	0	10,050	23,323
Other	(1,019)	0	0
Changes in operating assets and liabilities, net of acquisition:
Trade accounts receivable, net	(8,608)	(5,323)	(5,039)
Related party balances,net	1,281	1,883	(5,080)
Other receivables	(14,034)	5,255	(3,321)
Inventories	(2,188)	(2,797)	7,705
Voyages in progress	(5,064)	(2,308)	(367)
Prepaid expenses and accrued income	(2,063)	(837)	11,627
Other long term assets	(3,634)	(5,365)	0
Trade accounts payables	2,519	348	(5,445)
Accrued expenses	6,543	(11)	(6,597)
Other current liabilities	17,336	2,715	6,647
Other long term liabilities	778	494	(97)
Net cash (used in) provided by operating activities	93,539	(23,053)	(14,827)
Investing activities
Changes in restricted cash	(8,843)	(5,240)	4,052
Dividends from associated companies	7,556	256	88
Dividends received from investments	1,606	0	0
Purchase of investment in associated companies	(1,000)	(754)	0
Purchase of marketable securities	0	0	(32,159)
Additions to newbuildings	(152,130)	(267,341)	(518,989)
Refund of newbuilding installments	0	0	40,148
Cash acquired upon purchase of SPC's	0	0	108,645
Cash acquired upon merger with Former Golden Ocean	0		129,084
Purchase of vessels and equipment	(7,418)	(194)	(24)
Proceeds from sale of vessels	134,190	97,837	381,723
Proceeds from the sale of marketable securities	0	125	0
Net cash provided by (used in) investing activities	(26,039)	(175,311)	112,568
Financing activities
Proceeds from long-term debt	75,000	142,200	215,975
Repayment of long-term debt	(163,770)	(22,219)	(244,338)
Repayment of capital leases	(4,858)	(15,749)	(5,157)
Debt fees paid	(308)	(898)	(3,825)
Net proceeds from share issuance	122,523	205,355	0
Net cash provided by (used in) financing activities	28,587	308,689	(37,345)
Net change in cash and cash equivalents	96,087	110,325	60,396
Cash and cash equivalents at beginning of year	212,942	102,617	42,221
Cash and cash equivalents at end of year	309,029	212,942	102,617
Supplemental disclosure of cash flow information:
Interest paid, net of capitalized interest	55,920	38,075	26,358
Income taxes paid	$ 0	$ 0	$ 266

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid in Capital [Member]	Contributed Capital Surplus [Member]	Other Comprehensive Income [Member]	Retained Deficit [Member]
Balance at beginning of year (in shares) at Dec. 31, 2014		16,024,310
Increase (decrease) in Equity [Roll Forward]
Shares issued (in shares)		18,522,116
Shares canceled (in shares)		(11,298)
Balance at end of year (in shares) at Dec. 31, 2015		34,535,128
Balance at beginning of year at Dec. 31, 2014		$ 801	$ 772,863	$ 111,614	$ 0	$ (1,005)
Increase (decrease) in Equity [Roll Forward]
Shares issued		926	433,526
Net (loss) income	$ (220,839)					(220,839)
Contributions from shareholder				59,746
Restricted stock unit expense (income)			92	(102)
Stock option expense			41	60
Transfer to contributed surplus			(1,207,448)
Transfer from additional paid in capital				1,207,448
Other comprehensive income, net	0				0
Balance at end of year at Dec. 31, 2015	$ 1,158,649	$ 1,727	0	1,378,766	0	(221,844)
Increase (decrease) in Equity [Roll Forward]
Value of vested options in Former Golden Ocean			926
Shares issued (in shares)		71,430,612
Shares canceled (in shares)		(548)
Balance at end of year (in shares) at Dec. 31, 2016	105,965,192	105,965,192
Increase (decrease) in Equity [Roll Forward]
Shares issued		$ 3,572	201,783
Net (loss) income	$ (127,711)					(127,711)
Contributions from shareholder				0
Restricted stock unit expense (income)			0	5
Stock option expense			81	53
Transfer to contributed surplus			0
Transfer from additional paid in capital				0
Other comprehensive income, net	2,287				2,287
Balance at end of year at Dec. 31, 2016	$ 1,238,719	$ 5,299	201,864	1,378,824	2,287	(349,555)
Increase (decrease) in Equity [Roll Forward]
Value of vested options in Former Golden Ocean			0
Shares issued (in shares)	16,372,505	36,232,505
Shares canceled (in shares)		0
Balance at end of year (in shares) at Dec. 31, 2017	142,197,697	142,197,697
Increase (decrease) in Equity [Roll Forward]
Shares issued		$ 1,812	252,254
Net (loss) income	$ (2,348)					(2,348)
Contributions from shareholder				0
Restricted stock unit expense (income)			0	0
Stock option expense			576	0
Transfer to contributed surplus			0
Transfer from additional paid in capital				0
Other comprehensive income, net	3,036				3,036
Balance at end of year at Dec. 31, 2017	$ 1,494,049	$ 7,111	454,694	$ 1,378,824	$ 5,323	$ (351,903)
Increase (decrease) in Equity [Roll Forward]
Value of vested options in Former Golden Ocean			$ 0

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS	ORGANIZATION AND BUSINESS Historical Structure of the Company We were incorporated as Knightsbridge Tankers Limited in Bermuda as an exempted company under the Bermuda Companies Act of 1981 on September 18, 1996. We were originally established for the purpose of owning and operating very large crude oil carriers, or VLCCs. Between 2007 and 2013, we sold our VLCCs and subsequently discontinued our crude oil tanker operations to expand the scope of our activities within dry bulk shipping by acquiring Capesize vessels delivered to us between 2009 and 2014. On October 7, 2014, we entered into an agreement and plan of merger, or the Merger Agreement, with Golden Ocean Group Limited, or the Former Golden Ocean, a dry bulk shipping company based in Bermuda and listed on the Oslo Stock Exchange, or the OSE, pursuant to which the two companies agreed to merge, with us as the surviving company, or the Merger. The Merger was completed on March 31, 2015. Prior to entering into the Merger Agreement, we changed our name to Knightsbridge Shipping Limited and we subsequently changed our name to Golden Ocean Group Limited following completion of the Merger. Our common shares commenced trading on the NASDAQ Global Select Market in February 1997 and currently trade under the symbol "GOGL". We obtained a secondary listing on the OSE in April 2015. In March 2017, we acquired 16 dry bulk vessels in transactions where we issued in aggregate 17.8 million consideration shares and assumed bank debt and seller credit loans of $285.2 million . Of the 16 acquired vessels, 14 were acquired from subsidiaries of Quintana Shipping Ltd., or Quintana, and two Panamax vessels were acquired from affiliates of Hemen Holding Limited, or Hemen. In October 2017, we entered into agreements to acquire two Capesize vessels from Hemen at an aggregated purchase price of $86.0 million . As settlement of the purchase price for each vessel, the Company entered into a seller's credit loan with an affiliate of Hemen for 50% of the purchase price of each vessel, respectively. Business We own and operates dry bulk carriers of primarily four sizes: Newcastlemax vessels, which are between 200,000 and 210,000 dwt, Capesize vessels, which are between 100,000 and 200,000 dwt, Panamax vessels, which are vessels between 65,000 and 100,000 dwt, and Ultramax vessels, which are between 55,000 and 65,000 dwt. We operate through subsidiaries located in Bermuda, Liberia, Norway and Singapore. We are also involved in the charter, purchase and sale of vessels. As of December 31, 2017, we owned 62 dry bulk vessels, agreed to purchase one vessel and had construction contracts for five newbuildings. The acquired vessel and five newbuildings were subsequently delivered during January and February 2018. In addition, we had ten vessels chartered-in (of which eight are chartered in on operating leases from Ship Finance, one chartered in on an operating lease from an unrelated third party and one chartered in on a capital lease from an unrelated third party). Each vessel is (or, in the case of newbuildings, expected to be) owned and operated by one of our subsidiaries and is (or expected to be) flagged either in the Marshall Islands, Hong Kong or Panama. Ten of our vessels were chartered-out on fixed rate time charters, fifteen of our vessels were chartered out on long-term index linked rate time charters and the remaining vessels operated in the spot market, in spot pools or on short term charters expiring within the next six to nine months.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America. The consolidated financial statements include the assets and liabilities of us and our wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. Reverse stock split On August 1, 2016, we effected a one-for-five reverse stock split. All share and per share information has been retroactively adjusted to reflect the reverse stock split. The common share par value was adjusted as a result of the reverse stock split as disclosed in Note 25 of these consolidated financial statements. Business combinations We accounted for our acquisition of the Former Golden Ocean on March 31, 2015 as a business combination and have measured the identifiable assets acquired and the liabilities assumed at their acquisition date fair values. The consideration transferred has been measured at fair value based on the closing price of our shares on the date of acquisition and the fair value of the vested share options in the Former Golden Ocean. The surplus of the fair value of the net assets acquired over the fair value of the consideration transferred is recognized as a bargain purchase gain. Acquisition related costs are expensed as incurred. Use of estimates The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles requires us to make estimates and assumptions that affect the amounts reported in our financial statements and accompanying notes. Such estimates and assumptions impact, among others, the following: impairment of assets and other than temporary impairments of uncollectible securities, the amount of uncollectible accounts and accounts receivable, the amount to be paid for certain liabilities, including contingent liabilities, the amount of costs to be capitalized in connection with the construction of our newbuildings and the lives of our vessels. Actual results could differ from those estimates. Fair values We have determined the estimated fair value amounts presented in these consolidated financial statements using available market information and appropriate methodologies. However, considerable judgment is required in interpreting market data to develop the estimates of fair value. The estimates presented in these consolidated financial statements are not necessarily indicative of the amounts that we could realize in a current market exchange. Estimating the fair value of assets acquired and liabilities assumed in a business combination requires the use of estimates and significant judgments, among others, the following: the market assumptions used when valuing acquired time charter contracts, the expected revenues earned by vessels held under capital lease and the operating costs (including dry docking costs) of those vessels and the discount rate used in cash flow based valuations, The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. Reporting and functional currency Our functional currency is the United States dollar as all revenues are received in United States dollars and a majority of our expenditures are made in United States dollars. We and our subsidiaries report in United States dollars. Foreign currency Transactions in foreign currencies during the year are translated into United States dollars at the rates of exchange in effect at the date of the transaction. Foreign currency monetary assets and liabilities are translated using rates of exchange at the balance sheet date. Foreign currency non-monetary assets and liabilities are translated using historical rates of exchange. Foreign currency transaction gains or losses are included in the consolidated statements of operations. Revenue and expense recognition Revenues and expenses are recognized on the accruals basis. Revenues are generated from voyage charters and time charters. Voyage revenues are recognized ratably over the estimated length of each voyage and, therefore, are allocated between reporting periods based on the relative transit time in each period. Voyage expenses are recognized as incurred. Probable losses on voyages are provided for in full at the time such losses can be estimated. Time charter and bareboat charter revenues are recorded over the term of the charter as a service is provided. When a time charter contract is linked to an index, we recognize revenue for the applicable period based on the actual index for that period. We use a discharge-to-discharge basis in determining percentage of completion for all voyage charters whereby we recognize revenue ratably from when product is discharged (unloaded) at the end of one voyage to when it is discharged after the next voyage. However, we did not recognize revenue if a charter was not contractually committed to by a customer and us, even if the vessel discharged its cargo and was sailing to the anticipated load port on its next voyage. Revenues generated through revenue sharing agreements are presented gross when the Company is the primary obligor under the charter parties. Demurrage is a form of damages for breaching the period allowed to load and unload cargo in a voyage charter, or the laytime, and is recognized as income according to the terms of the voyage charter contract when the charterer remains in possession of the vessel after the agreed laytime. Claims for unpaid charter hire and damages for early termination of time charters or bareboat charters are recorded upon receipt of cash when collectability is not reasonably assured. Such amounts related to services previously rendered are recorded as time charter or bareboat charter revenue. Amounts in excess of services previously rendered are classified as other operating income. Net income as a result of our revenue sharing agreements is presented as other operating income, net. Comparative numbers have been revised to conform to our current presentation. In 2016, $0.9 million was previously included in other revenues and has been reclassified to other operating income, net. Charterhire expense Charter hire expense is charged to the consolidated statement of operations on a straight-line basis over the lease term. Contingent rental expense (income) Any contingent elements of rental expense (income), such as profit share or interest rate adjustments, are recognized when the contingent conditions have materialized. Gain (loss) on sale of assets and amortization of deferred gains Gain (loss) on sale of assets and amortization of deferred gains include losses from the sale of vessels and the amortization of deferred gains. Gains (losses) from the sale of assets are recognized when the vessel has been delivered and all risks have been transferred and are determined by comparing the proceeds received with the carrying value of the vessel. A deferred gain arises when we enter into a sale-leaseback transaction regarding a vessel and we do not relinquish the right to substantially all of the remaining use of the vessel. This deferred gain will be amortized in proportion to the gross rental payments over the minimum term of the lease. Drydocking Normal vessel repair and maintenance costs are expensed when incurred. We recognize the cost of a drydocking at the time the drydocking takes place, that is, it applies the "expense as incurred" method. Impairment of vessels and newbuildings The carrying values of our long-lived assets and newbuildings under construction are reviewed for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. Such indicators may include depressed spot rates and depressed second hand vessel values. We assess recoverability of the carrying value of each asset or newbuilding on an individual basis by estimating the future undiscounted cash flows expected to result from the asset, including any remaining construction costs for newbuildings, and eventual disposal. If the future net undiscounted cash flows are less than the carrying value of the asset, or the current carrying value plus future newbuilding commitments, an impairment loss is recorded equal to the difference between the asset's or newbuildings carrying value and fair value. In addition, long-lived assets to be disposed of are reported at the lower of carrying amount and fair value less estimated costs to sell. Fair value is estimated based on values achieved for the sale/purchase of similar vessels and appraised valuations. In addition, vessels to be disposed of by sale are reported at the lower of their carrying amount or fair value less estimated costs to sell. Interest expense Interest costs are expensed as incurred except for interest costs that are capitalized. Interest expenses are capitalized during construction of newbuildings based on accumulated expenditures for the applicable project at our current rate of borrowing. The capitalization of interest expenses ceases when the newbuilding is considered substantially completed. The amount of interest expense capitalized in an accounting period shall be determined by applying an interest rate (the "capitalization rate") to the average amount of accumulated expenditures for the asset during the period. The capitalization rates used in an accounting period are based on the rates applicable to borrowings outstanding during the period. We do not capitalize amounts beyond the actual interest expense incurred in the period. Earnings per share Basic earnings per share is computed based on the income available to common stockholders and the weighted average number of shares outstanding. Diluted earnings per share includes the effect of the assumed conversion of potentially dilutive instruments. Cash and cash equivalents All demand and time deposits and highly liquid, low risk investments with original maturities of three months or less at the date of purchase are considered equivalent to cash. Restricted cash Restricted cash comprises collateral deposits for derivative trading, and the minimum balance that must be maintained at all times in accordance with our loan agreements with various banks. Marketable securities Our marketable securities are considered to be available-for-sale securities and as such are carried at fair value. Any resulting unrealized gains and losses are recorded as a separate component of other comprehensive income in equity unless the securities are considered to be other than temporarily impaired, in which case unrealized losses are recorded in the consolidated statement of operations as impairment loss on marketable securities. The cost of available for sale securities is calculated on an average cost basis. Derivatives Our derivative instruments include interest-rate swap agreements, foreign currency swaps, forward freight agreements and bunker hedges. These derivatives are considered to be economic hedges. However, none of these derivative instruments have been designated as hedges for accounting purposes. These transactions involve the conversion of floating rates into fixed rates over the life of the transactions without changes in the fair values are recognized as assets or liabilities. Changes in the fair value of these derivatives are recorded in Gain (loss) on derivatives in our consolidated statement of operations. Cash outflows and inflows resulting from economic derivative contracts are presented as cash flows from operations in the consolidated statement of cash flows. Financial instruments In determining the fair value of our financial instruments, we use a variety of methods and assumptions that are based on market conditions and risks, including determining the impact of nonperformance risks, existing at each balance sheet date. For the majority of financial instruments, including most derivatives and long-term debt, standard market conventions and techniques such as options pricing models are used to determine fair value. All methods of assessing fair value result in a general approximation of value, and such value may never actually be realized. Receivables Trade receivables, other receivables and long term receivables are presented net of allowances for doubtful balances. If trade accounts receivable become uncollectible, they are charged as an operating expense. Losses from uncollectible receivables are accrued when collection of the invoiced revenues is not assured. We make a judgment with regards to whether or not this should be recognized as income and if collection is not reasonably assured, no revenue will be recognized until cash has been received. These conditions are considered in relation to individual receivables or in relation to groups of similar types of receivables. Interest income on interest bearing receivables is recognized on an accrual basis using prevailing contractual interest rates. Inventories Inventories, which are comprised principally of fuel and lubricating oils, are stated at the lower of cost and net realizable value. Cost is determined on a first-in, first-out basis. Vessels and depreciation Vessels are stated at cost less accumulated depreciation. Depreciation is calculated based on cost less estimated residual value, using the straight-line method, over the useful life of each vessel. The useful life of each vessel is deemed to be 25 years. The residual value is calculated by multiplying the lightweight tonnage of the vessel by the market price of scrap per tonne. The market price of scrap per tonne is calculated as the 10 year historical average up to the date we take ownership of the vessel, across the three main recycling markets (Far East, Indian sub-continent and Bangladesh). Residual values are reviewed annually. Vessels and equipment under capital lease We charter in certain vessels and equipment under leasing agreements. Leases of vessels and equipment, where we have substantially all the risks and rewards of ownership, are classified as capital leases. Each lease payment is allocated between liability and finance charges to achieve a constant rate on the capital balance outstanding. The interest element of the capital cost is charged to the Consolidated Statement of Operations over the lease period. Our one outstanding capital lease was acquired as a result of the Merger and recorded at fair value. Depreciation of vessels and equipment under capital lease is included within "Depreciation" in the consolidated statement of operations. Vessels and equipment under capital lease are depreciated on a straight-line basis over the vessels' remaining economic useful lives or on a straight-line basis over the term of the lease. The method applied is determined by the criteria by which the lease has been assessed to be a capital lease. Newbuildings The carrying value of the vessels under construction ("Newbuildings") represents the accumulated costs to the balance sheet date which we have had to pay by way of purchase installments and other capital expenditures together with capitalized interest and associated finance costs. No charge for depreciation is made until the vessel is available for use. Value of long term charter contracts We account for the fair value of acquired long term charter contracts, as either a separate asset or liability. The fair value is calculated as the net present value of the difference in cash flows arising over the period of the contract when the expected cash flows from the contract are compared to expected cash flows from comparable contracts at the acquisition date. An asset is recorded for contracts, which are favorable to us and a liability has been recorded for contracts, which are unfavorable to us. The amortization of time charter out contracts is recorded and presented under time charter revenues and the amortization of time charter in contracts is amortized and presented under charter hire expenses in the consolidated statement of operations. Equity method investments Investments in companies over which we have the ability to exercise significant influence but do not control are accounted for using the equity method. We record our investments in equity-method investees in the consolidated balance sheets as "Investment in associated companies" and our share of the investees' earnings or losses in the consolidated statements of operations as "Share in results of associated companies". The excess, if any, of purchase price over book value of our investments in equity method investees is included in the accompanying consolidated balance sheets in "Investment in associated companies". The carrying values of equity method investments are reviewed for potential impairment whenever events or changes in circumstances indicate that the carrying amount of the investment may no longer be recoverable. Such indicators may include depressed spot rates and depressed second hand vessel values. We assess recoverability of the carrying value of each individual equity method investments by estimating the fair value of the net assets of the company. An impairment loss is recorded equal to the difference between the investments carrying value and fair value. Fair value of investment is estimated based on values achieved for the sale/purchase of similar vessels and appraised valuations of the investments underlying assets. Borrowings - loan amendments Short term obligations that we intend to refinance on a long term basis when the intent to refinance is supported by the ability to consummate the refinancing, are classified as long term liabilities at the balance sheet date. This is demonstrated by either a post balance sheet issuance of a long term obligation before the balance sheet is issued or when we enter into a financing agreement which clearly permits us to refinance the obligation on a long term basis, on terms that are readily determinable. If the Company enters into a financing agreement, the agreement must not expire within one year of the balance sheet date, no violations of any provisions of the financing agreement should have occurred at the balance sheet date or before the balance sheet is issued and the prospective lender or investor who has entered into the financing agreement should be to be financially capable of honoring the agreement. Convertible bond In January 2014, the Former Golden Ocean issued a $200 million convertible bond, which we assumed at the time of the Merger. It includes a loan component and an option to convert the loan to shares, which has not been bifurcated from the loan component and accounted for separately as it is indexed to our shares and would be classified as shareholders equity if it were a free standing derivative. The fair value of the convertible bond was determined to be $161.2 million at the time of the Merger based on the quoted price of 80.6% . The difference of $38.8 million is being amortized over the remaining life of the bond, and recorded as interest expense. A reacquisition of our outstanding debt securities is considered an extinguishment and the difference between the reacquisition price of debt and the net carrying amount of the extinguished debt is recognized in the income statement. Deferred charges Loan costs, including debt arrangement fees, are capitalized and amortized on a straight-line basis over the term of the relevant loan. The straight line basis of amortization approximates the effective interest method. If a loan is repaid early, any unamortized portion of the related deferred charges is charged against income in the period in which the loan is repaid. Amortization of deferred charges is included in interest expense, and prior year's numbers in 2016 and 2015 have been revised to conform with current presentation. In 2016 and 2015, $1.3 million and $0.1 million , respectively, was previously included in other financial items and have been reclassified to interest expense. Debt issuance costs are presented in the balance sheet as a direct deduction from the carrying amount of the related debt. Distributions to shareholders Distributions to shareholders are applied first to retained earnings. When retained earnings are not sufficient, distributions are applied to the contributed capital surplus account. Stock-based compensation Share Options Scheme Stock based compensation represents the cost of vested and non-vested shares and share options granted to employees and to directors, for their services, and is included in “General and administrative expenses” in the consolidated statements of operations. The fair value of share options grants is determined with reference to option pricing models, and depends on the terms of the granted options. The fair value is recognized (generally as compensation expense) over the requisite service period for all awards that vest based on the ’straight-line method’ which treats such awards as a single award and results in recognition of the cost ratably over the entire vesting period. Restricted Stock Units (RSUs) We account for 50% of the RSUs issued to the directors as equity classified awards and we account for the remaining 50% as liability classified awards. We account for the RSUs issued to the management companies as liability classified awards. The fair value of an equity instrument issued to a non-employee is measured by using the stock price and other measurement assumptions as of the date at which either (i) a commitment for performance by the counterparty has been reached; or (ii) the counterparty's performance is complete. This criterion is not considered to be met in the absence of considerable evidence, and liability accounting is applied with a re-measurement at each period end date. We have obtained a right to receive future services in exchange for unvested, forfeitable equity instruments, and the fair value of the equity instruments does not create equity until the future services are received (i.e. the instruments are not considered issued until they vest). We expense the fair value of RSUs issued to employees on a straight line basis over the period the awards vest. Transactions subject to common control and effect of acquisition from shareholder The acquisition of 12 special purpose companies, each owning one newbuilding contract, from Frontline 2012 in March 2015 is recorded at historical carrying values as the transaction was determined to be between entities under common control and the difference of $59.7 million between the aggregate consideration paid by us and the historical carrying values recognized by Frontline 2012 has been recorded as additional contributed capital surplus. Other comprehensive income/(loss): The statement of other comprehensive income/(loss) presents the change in equity (net assets) during a period from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a period except those resulting from investments by shareholders and distributions to shareholders. Reclassification adjustments are presented out of accumulated other comprehensive income/(loss) on the face of the statement in which the components of other comprehensive income/(loss) are presented or in the notes to the financial statements. The Company follows the provisions of ASC 220 “Comprehensive Income”, and presents items of net income/(loss), items of other comprehensive income/(loss) (“OCI”) and total comprehensive income/(loss) in two separate and consecutive statements.

RECENTLY ISSUED ACCOUNTING STAN

RECENTLY ISSUED ACCOUNTING STANDARDS	12 Months Ended
	Dec. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENTLY ISSUED ACCOUNTING STANDARDS	RECENTLY ISSUED ACCOUNTING STANDARDS Accounting Standards Updates, not yet adopted In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle is that a company should recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. This update establishes a five-step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. We have concluded that, under ASC 606, voyage charter revenue will continue to be recognized over time, however the period over which it is recognized will change from discharge-to-discharge to load-to-discharge.We believe that performance obligations under a voyage charter begin to be met from the point at which a cargo is loaded until the point at which a cargo is discharged. While this represents a change in the period over which revenue is recognized, the total voyage results recognized over all periods would not change, however, each period’s voyage results could differ materially from the same period’s voyage results recognized based on the present revenue recognition guidance. We expect to recognize an increase in the retained deficit of approximately $10 million on January 1, 2018 related to the timing of revenue recognition based on the change to the load-to-discharge method. The new guidance also specifies revised treatment for certain contract related costs, being either incremental costs to obtain a contract, or cost to fulfill a contract. Under the new guidance, an entity shall recognize as an asset the incremental costs of obtaining a contract with a customer if the entity expects to recover those costs. The guidance also provides a practical expedient whereby an entity may recognize the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that the entity otherwise would have recognized is one year or less. Cost to fulfill a contract must be capitalized if they meet certain criteria. We are in the process of assessing the impact of this change on its consolidated financial statements. We have elected to apply the modified retrospective approach. Upon adoption, we will recognize the cumulative effect of adopting this guidance as an adjustment to its opening balance of retained earnings as of January 1, 2018. Prior periods will not be retrospectively adjusted. In January 2016, the FASB issued ASU 2016-01 Financial instruments - Overall (Subtopic 825-10) - Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments in this update require all equity investments to be measured at fair value with changes in the fair value recognized through net income (other than those accounted for under equity method of accounting or those that result in consolidation of the investee). The amendments in this update also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. In addition, the amendments in this update eliminate the requirement to disclose the fair value of financial instruments measured at amortized cost for entities that are not public business entities and the requirement for to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet for public business entities. The amendments in this update will affect us for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Upon adoption of the standard, we expect that the standard may impact how we present the change in the fair value of our marketable securities in our consolidated statements of operations. As of December 31, 2017, our marketable securities had an unrealized gain of $5.3 million classified under other comprehensive income. In February 2016, the FASB issued ASU No. 2016-02, Leases (ASC 842), which requires lessees to recognize most leases on the balance sheet. This is expected to increase both reported assets and liabilities. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2018, although early adoption is permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method. The requirements of this standard include a significant increase in required disclosures. Management is analyzing the impact of the adoption of this guidance on the Company’s consolidated financial statements, including assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting. Management expects that we will recognize increases in reported amounts for property, plant and equipment and related lease liabilities upon adoption of the new standard. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which revises guidance for the accounting for credit losses on financial instruments within its scope. The new standard introduces an approach, based on expected losses, to estimate credit losses on certain types of financial instruments and modifies the impairment model for available-for-sale debt securities. The guidance will be effective January 1, 2020, with early adoption permitted. Entities are required to apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. We are in the process of evaluating the impact of this standard update on our consolidated financial statements and related disclosures. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting. The update provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The amendments in this Update are effective for the Company for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. The amendments in this Update should be applied prospectively to an award modified on or after the adoption date. We do not expect the adoption of ASU 2017-01 to have a material impact on our consolidated financial statements and related disclosures. In August 2016, the FASB issued ASU No. 2016-15, Statement of cash flows (Topic 230): Classification of certain cash receipts and cash payments. This ASU addresses the following eight specific cash flow issues: Debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (COLIs) (including bank-owned life insurance policies (BOLIs)); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. The amendments in this Update are effective for the Company for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The amendments in this Update should be applied using a retrospective transition method to each period presented. If it is impracticable to apply the amendments retrospectively for some of the issues, the amendments for those issues would be applied prospectively as of the earliest date practicable. Other than presentation, we do not expect the adoption of this standard to have a material impact on our consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18, Statement of cash flows (Topic 230): Restricted Cash. The new standard requires that the statement of cash flows explains the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The amendments in this Update are effective for the Company for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The amendments in this Update should be applied using a retrospective transition method to each period presented. Upon adoption of the standard, we expect restricted cash being reclassified as a component of cash, cash equivalents and restricted cash in the Consolidated Statements of Cash Flows. As of December 31, 2017 we have $63.0 million in restricted cash. Accounting Standards Updates, recently adopted In July 2015, the FASB issued ASU 2015-11-Inventory (Topic 330)-Simplifying the Measurement of Inventory, which applies to inventory that is measured using first-in, first-out (FIFO) or average cost. An entity should measure inventory within the scope of this update at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments in this update more closely align the measurement of inventory in GAAP with the measurement of inventory in IFRS. The adoption of ASU 2015-11 has not had a material impact on our consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU 2016-07, Investments-Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting. The update eliminates the requirement that an investor retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for use of the equity method. The adoption of ASU 2016-07 has not had a material impact on our consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The update simplifies the accounting for share based payment transactions. The adoption of ASU 2016-09 has not had a material impact on our consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU 2017- 01 Business Combinations (Topic 805): Clarifying the Definition of a Business. The update introduces a screen to determine when an integrated set of assets and activities does not constitute a business. As under the screening mechanisms of the update, future transactions in relation to an integrated set of assets and activities are more likely to qualify as asset acquisitions as opposed to business combinations. The adoption of ASU 2017-01 has not had a material impact on our consolidated financial statements and related disclosures.

MERGER WITH THE FORMER GOLDEN O

MERGER WITH THE FORMER GOLDEN OCEAN	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
MERGER WITH THE FORMER GOLDEN OCEAN	MERGER WITH THE FORMER GOLDEN OCEAN The Transaction On March 31, 2015, we merged with the Former Golden Ocean, a dry bulk shipping company based in Bermuda and listed on the OSE that mainly operated Capesize, Panamax and Ultramax vessels, and our name was changed to Golden Ocean Group Limited. Shareholders in the Former Golden Ocean received our shares as merger consideration. Pursuant to the Merger Agreement, one share in the Former Golden Ocean gave the right to receive 0.13749 of our shares, and we issued a total of 12,300,090 shares to shareholders in the Former Golden Ocean as merger consideration. Accounting for the Merger The Merger was accounted for as a business combination using the acquisition method of accounting under the provisions of ASC 805, with us selected as the accounting acquirer under this guidance. The factors that were considered in determining that we should be treated as the accounting acquirer were the relative voting rights in the combined company, the composition of the board of directors in the combined company, the relative sizes of us and the Former Golden Ocean, the composition of senior management of the combined company and the name of the combined company. Management considered that the relative voting rights in the combined company and the composition of the board of directors in the combined company were the most significant factors in determining us as the accounting acquirer. The value of the consideration paid was calculated as follows: (in thousands of $) Fair value of shares issued 307,220 Fair value of vested stock options in the Former Golden Ocean 926 Total value of consideration 308,146 The following represents the calculation of the bargain purchase gain arising on consolidation based on management's final allocation of the total purchase price to the assets acquired and liabilities assumed: (in thousands of $) Assets Cash and cash equivalents 129,084 Restricted cash 2,448 Marketable securities 5,779 Other current assets 78,457 Favorable contracts 30,417 Current assets 246,185 Restricted cash 31,552 Newbuildings 12,030 Vessels, net 632,997 Vessels under capital lease, net 14,029 Investment in associated companies 11,346 Favorable contracts 96,673 Other non current assets 9,116 Total assets 1,053,928 Liabilities Current portion of long term debt 39,395 Current portion of capital lease obligations 7,032 Other current liabilities 28,180 Unfavorable contracts 1,567 Current liabilities 76,174 Long term debt 391,717 Convertible bond debt 161,200 Long term capital lease obligations 31,405 Other long term liabilities 434 Unfavorable contracts 5,976 Total liabilities 666,906 Fair value of net assets acquired and liabilities assumed 387,022 Total value of consideration 308,146 Bargain purchase gain arising on consolidation 78,876 As the fair value of the net assets acquired and liabilities assumed exceeded the total value of consideration paid, a bargain purchase gain of $78.9 million was recorded in the consolidated statement of operations. We consider that the bargain purchase gain is primarily attributable to the fall in our share price from the date we and the Former Golden Ocean entered into the Merger Agreement until the date the Merger was completed. On October 7, 2014, the date we and the Former Golden Ocean entered into the Merger Agreement, our closing share price was $7.85 and would have resulted in a fair value of shares issued of $482.3 million as compared to $307.2 million on March 31, 2015. Vessels and equipment, net The 29 vessels acquired were valued at fair value separately from the attached time charter contracts. Vessels were valued at fair value (level 2) based on the average of broker valuations from two different ship broker companies The brokers assessed each vessel based on, amongst other, age, yard, deadweight and capacity, and compare this to market transactions. For vessels we agreed to sell in April 2015 ( Channel Alliance, Channel Navigator, Golden Zhoushan, Golden Beijing and Golden Magnum ) the sales price was used. The fair value of the vessels less estimated residual value is depreciated on a straight-line basis over the vessels' estimated remaining economic useful lives in accordance with Company's existing policy. Vessels acquired with existing time charters The value of a time charter acquired with a vessel was recognized separately to the value of the vessel. These contracts were fair valued (level 3) using an 'excess earnings' technique where the terms of the contract are assessed relative to current market conditions. The values of the contract related intangibles were determined by means of calculating the incremental or decremental cash flows arising over the life of the contracts compared with contracts with terms at prevailing market rates. This gave rise to a favorable contract asset in respect of vessels chartered out and an unfavorable contract liability in respect of the vessels chartered in. The favorable contracts had remaining terms of ten months to 7.5 years at the time of the merger and the unfavorable contracts had remaining terms of three months to ten years . The fair value is amortized over the period of the contract on a straight line basis, except for the value of a contract of affreightment, which is amortized to reflect the timing of the expected economic benefit. Newbuildings The four newbuildings were valued at fair value (level 2) by estimating the market values for newbuilding contracts, this was the same process as for assessing the value of vessels. The valuation was based on the sales price for the completed vessel, not for the shipbuilding contract. The fair value was calculated as the estimated fair value of a completed vessel less the remaining committed capital expenditure for the vessel. Vessels under capital lease Leases of vessels, where we had substantially all the risks and rewards of ownership, were classified as capital leases. We acquired two vessels under capital lease as a result of the Merger, both of which were leased from unrelated third parties. The leasehold interest in these capital leased assets was recorded at fair value (level 3) based on the discounted value of the expected cash flows for the leasehold interest. Capital lease obligations The obligations under these capital leases were recorded at fair value (level 3) based on the net present value of the contractual lease payments. Equity method investments The fair value of the investment in associated companies equated to book value with the exception of the investment in Golden Opus Inc. As Golden Opus Inc. owned one vessel, the fair value of the company included a fair value adjustment based on broker values following the same process for assessing the value of owned vessels. This would be considered a level 3 assessment. Convertible bond While quoted market prices were not always available, the bonds traded "over the counter" and the fair value of the bonds was based on the market price on offer at the merger date (level 2). Other In April 2015, we received $40.1 million being the final outstanding amount in relation to the cancellation of newbuilding contracts by the Former Golden Ocean at Jinhaiwan. This amount was included in 'other current assets' in the purchase price allocation on March 31, 2015 and had no impact on the consolidated statement of operations. The consolidated statement of operations for 2015 included revenues of $ 113.9 million and a net loss of $ 96.7 million , which are attributable to the Former Golden Ocean. Unaudited Pro Forma Results The following unaudited pro forma financial information presents the combined results of operations of the Company and the Former Golden Ocean as if the Merger had occurred as of the beginning of 2015. The pro forma financial information is not intended to represent or be indicative of the consolidated results of operations or financial condition of the Company that would have been reported had the acquisition been completed as of the dates presented, and should not be taken as representative of the future consolidated results of operations or financial condition of the Company. (in thousands $, except per share data) 2015 Total operating revenues 225,013 Net (loss) income from continuing operations (318,975 ) Loss from discontinued operations — Net (loss) income (318,975 ) Basic and diluted earnings per share: Basic and diluted (loss) earnings per share from continuing operations $ (1.85 ) Basic and diluted loss per share from discontinued operations $ — Basic and diluted (loss) earnings per share $ (1.85 )

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Bermuda We were incorporated in Bermuda. Under current Bermuda law, we are not required to pay taxes in Bermuda on either income or capital gains. We have received written assurance from the Minister of Finance in Bermuda that, in the event of any such taxes being imposed, we will be exempted from taxation until March 31, 2035 . United States We do not accrue U.S. income taxes as we are not engaged in a U.S. trade or business and are exempted from a gross basis tax under Section 883 of the U.S. Internal Revenue Code. A reconciliation between the income tax expense resulting from applying the U.S. Federal statutory income tax rate and the reported income tax expense has not been presented herein as it would not provide additional useful information to users of the financial statements as our net income is subject to neither Bermuda nor U.S. tax. Singapore We participate in the tax scheme in Singapore. All qualified shipping income derived from the shipping activity in our Singapore subsidiary is exempt from taxation for the duration of the Approved International Shipping Enterprise (AIS) approval. The AIS approval was in June 2015 for a period of ten years. Other Jurisdictions Our subsidiary in Norway is subject to income tax. The tax paid by our subsidiary in Norway is not material. We do not have any unrecognized tax benefits, material accrued interest or penalties relating to income taxes. Based upon review of applicable laws and regulations, and after consultation with counsel, we do not believe we are subject to material income taxes in any jurisdiction.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Our chief operating decision maker, or the CODM, measures performance based on our overall return to shareholders based on consolidated net income. The CODM does not review a measure of operating result at a lower level than the consolidated group and we only have one reportable segment. Our vessels operate worldwide and therefore management does not evaluate performance by geographical region as this information is not meaningful. For the year ended December 31, 2017 , one customer accounted for 10 percent or more of our consolidated revenues in the amounts of $59.7 million . For the year ended December 31, 2016 , two customers each accounted for 10 percent or more of our consolidated revenues in the amount of $34.5 million and $27.1 million , respectively. For the year ended December 31, 2015, one customer accounted for 10 percent or more of our consolidated revenues in the amount of $28.0 million .

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The components of the numerator and the denominator in the calculation of basic and diluted earnings per share are as follows: (in thousands of $) 2017 2016 2015 Net (loss) income (2,348 ) (127,711 ) (220,839 ) (in thousands) 2017 2016 2015 Weighted average number of shares outstanding - basic 125,019 95,238 30,243 Impact of restricted stock units — 8 27 Weighted average number of shares outstanding - diluted 125,019 95,246 30,270 The exercise of share options using the treasury stock method was anti-dilutive as of December 31, 2017, 2016 and 2015, as the Company reported a net loss for the years then ended. Therefore, as of December 31, 2017, 2016 and 2015, 324,338 , 84,000 and 76,200 shares, respectively, were excluded from the denominator in each calculation. The conversion of the convertible bonds using the if-converted method was anti-dilutive as of December 31, 2017, 2016 and 2015, as the Company reported a net loss for the years then ended. Therefore, as of December 31, 2017, 2016 and 2015, 2,264,173 , 2,268,860 and 2,007,025 shares, respectively, were excluded from the denominator in each calculation.

GAIN (LOSS) ON SALE OF ASSETS A

GAIN (LOSS) ON SALE OF ASSETS AND AMORTIZATION OF DEFERRED GAINS	12 Months Ended
	Dec. 31, 2017
Gain/(Loss) on sale of assets and deferred gains [Abstract]
GAIN (LOSS) ON SALE OF ASSETS AND AMORTIZATION OF DEFERRED GAINS	GAIN (LOSS) ON SALE OF ASSETS AND AMORTIZATION OF DEFERRED GAINS (in thousands of $) 2017 2016 2015 Net gain (loss) on sale of vessels (570 ) 72 (2,062 ) (Loss) on sale of newbuilding contracts — — (8,858 ) Amortization of deferred gains 258 228 132 (312 ) 300 (10,788 ) In September 2017, we entered into agreements to sell six Ultramax vessels ( Golden Libra, Golden Virgo, Golden Taurus, Golden Gemini, Golden Aries and Golden Leo ). In the fourth quarter of 2017, we agreed to a partial settlement for one of these vessels in the form of consideration shares in the buyer. In the aggregate, the consideration received consisted of $135.1 million in cash and 910,802 consideration shares in the buyer. The value of the consideration shares in the buyer was $7.4 per share at the date of completion of the sale. The six vessels were delivered in the fourth quarter of 2017 and the Company recorded a net loss of $0.6 million upon completion of the sales. In August 2016, we sold Golden Lyderhorn , a 1999-built Panamax classified as a vessel held under capital lease, and a loss on the sale of $9.0 thousand was recorded as a result of previous impairment. In February 2016 and October 2016, we completed the sale of Front Caribbean and Front Mediterranean and gains of $68.0 thousand and $13.0 thousand were recorded, respectively. In November 2015, we entered into an agreement with New Times Shipbuilding Co. Ltd in China to convert two Capesize dry bulk newbuildings to Suezmax oil tanker newbuildings, with expected delivery in the first quarter of 2017. On November 23, 2015, we agreed to sell these newbuilding contracts to Frontline for $1.9 million . The sale was completed on December 31, 2015 and we recognized a loss of $8.9 million . In April 2015, we agreed to the sale of four newbuilding Capesize vessels; two of the vessels ( Front Atlantic and Front Baltic ) were sold in August 2015 and November 2015, respectively, and we recorded a loss of $2.2 million and a gain of $0.1 million , respectively.

IMPAIRMENT OF VESSELS AND NEWBU

IMPAIRMENT OF VESSELS AND NEWBUILDINGS	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment Impairment or Disposal [Abstract]
IMPAIRMENT OF VESSELS AND NEWBUILDINGS	IMPAIRMENT OF VESSELS AND NEWBUILDINGS In 2017, we entered into agreements to sell six Ultramax vessels for a gross sale price of $142.5 million , consisting of $135.1 million in cash and 910,802 consideration shares in the buyer. We recorded an impairment loss of $1.1 million , corresponding to the difference between the carrying value and estimated fair value of the vessels based on the sales agreements. In 2016, we entered into an agreement to sell the Golden Lyderhorn, a vessel held under capital lease, and recorded an impairment loss of $1.0 million thereon. The loss corresponded to the difference between the carrying value and estimated fair value of the vessel as at June 30, 2016 following an impairment review that was triggered by the likelihood to dispose the vessel prior to the end of its useful life. The sale was subsequently concluded and the vessel was delivered to its new owner in August 2016. In 2015, we determined that the carrying value of the related asset for Golden Lyderhorn, a vessel held under capital lease, was not fully recoverable. An impairment review was triggered by a significant fall in rates in the Baltic Dry Index. We recorded an impairment loss of $4.5 million , being the difference between the carrying value and estimated fair value of our leasehold interest based on the discounted expected future cash flows from the leased vessel. Also in 2015, we recorded an impairment loss of $7.1 million on three Capesize newbuildings ( Front Baltic, Front Caribbean and Front Mediterranean ), which we agreed to sell, together with Front Atlantic , to a third party upon their completion and delivery to us. The loss recorded was equal to the difference between the carrying value plus expected costs to complete the three newbuildings and estimated fair value. In 2015, we agreed to the sale of four newbuilding Capesize vessels; two of vessels ( Front Atlantic and Front Baltic ) were delivered in 2015, and a loss of $2.2 million and a gain of $0.1 million , respectively, were recorded. In 2015, we recorded an impairment loss of $141.0 million on five Capesize vessels relating to KSL China ( $20.5 million ), Battersea ( $38.3 million ), Belgravia ( $34.2 million ), Golden Future ( $27.5 million ) and Golden Zhejiang ( $20.5 million ). The loss recorded was equal to the difference between the carrying value and estimated fair value of the vessels. Also in 2015, we agreed to sell and lease back these vessels. The vessels were delivered in 2015.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
LEASES	LEASES As of December 31, 2017 , we leased in eight ( 2016 : eight vessels) from Ship Finance and one vessel ( 2016 : one vessel) from third parties. All of these vessels are leased under long-term time charters which are classified as operating leases. Charterhire and office rent expense The future minimum operating lease expense payments under our non-cancelable operating leases as of December 31, 2017 are as follows: (in thousands of $) 2018 37,008 2019 35,369 2020 35,474 2021 35,066 2022 32,043 Thereafter 137,162 312,122 The future minimum operating lease expense payments are based on the contractual cash outflows under non-cancelable contracts. The charter hire expense recognition is based upon the straight-line basis, net of amortization of unfavorable time charter contracts. As of December 31, 2017 , the future minimum rental payments include $0.9 million ( 2016 : $1.2 million ) in relation to office rent expenses and $311.2 million ( 2016 : $345.5 million ) in relation to charter hire expenses for leased in vessels. During 2017 , 2016 and 2015 , the charter hire expense under operating leases, net of amortization of unfavorable time charter contracts-in were as follows: (in thousands of $) 2017 2016 2015 Charter hire expenses, operating leases 71,345 54,365 32,118 Amortization of unfavorable time charter contracts-in (672 ) (674 ) (1,399 ) Charterhire expenses 70,673 53,691 30,719 With reference to Note 28, in April 2015 we agreed to a sale and leaseback transaction with Ship Finance for eight Capesize vessels that were time chartered-in by one of our subsidiaries for a period of ten years . The daily time charter rate is $17,600 during the first seven years and $14,900 in the remaining three years , of which $7,000 is for operating expenses (including dry docking costs). In addition, 33% of our profit from revenues above the daily time charter rate for all eight vessels aggregated will be calculated and paid on a quarterly basis to Ship Finance. In addition, the daily hire payments will be adjusted if the actual three month LIBOR should deviate from a base LIBOR of 0.4% per annum. For each 0.1% point increase/decrease in the interest rate level, the daily charter hire will increase or decrease by $50 per day in the first seven years and $25 per day in the remaining three years . We have a purchase option of $112 million en-bloc after 10 years and, if such option is not exercised, Ship Finance has the option to extend the charters by three years at $14,900 per day. The minimum lease period has been assessed to 13 years. Contingent rental income recorded in 2017, 2016 and 2015 as a reduction in charter hire expense was $1.15 million , $0.41 million and $0.02 million , respectively. We acquired two long term chartered-in vessels, accounted for as operating leases, as a result of the Merger. One vessel was redelivered in June 2015. Rental income As of December 31, 2017 , we leased out 10 vessels on fixed time charter rates ( 2016 : six vessels) and fifteen vessels ( 2016 : ten vessels) on index-linked time charter rates to third parties with initial periods ranging between one year and ten years . All of these leases are classified as operating leases. The future minimum operating lease revenue receipts under our non-cancelable fixed rate operating leases as of December 31, 2017 are as follows: (in thousands of $) 2018 57,494 2019 35,785 2020 23,166 2021 8,370 2022 — Thereafter — 124,815 The future minimum operating lease revenue receipts are based on the contractual cash inflows under non-cancelable contracts. The charter hire revenue recognition is based upon the straight-line basis, net of amortization of favorable time charter contracts. As of December 31, 2017 , the cost and accumulated depreciation of the twenty-four owned vessels and the one vessel held under capital lease, which were leased out to third parties, were $1,254.8 million and $103.3 million , respectively. As of December 31, 2016 , the cost and accumulated depreciation of the fifteen owned vessels and the one vessel held under capital lease, which were leased out to third parties, were $771.1 million and $58.2 million , respectively.

MARKETABLE SECURITIES

MARKETABLE SECURITIES	12 Months Ended
	Dec. 31, 2017
Marketable Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES Our marketable securities are equity securities considered to be available-for-sale securities. (in thousands of $) 2017 2016 Balance at start of year 6,524 14,615 Disposals during the year — (328 ) Additions during the year 6,740 — Unrealized gain (loss), net 3,036 (7,763 ) Balance at end of year 16,300 6,524 In the third quarter of 2017, we entered into agreements to sell six Ultramax vessels to a company listed on a U.S. stock exchange. For one of the vessels we agreed to a partial settlement in the form of 910,802 consideration shares in the buyer. The cost price and fair value as of December 31, 2017 was $6.7 million for these shares. As of December 31, 2017, the fair value of our total investments in this company was $16.3 million . During 2016, we sold $0.3 million of our investment in a company listed on a U.S. stock exchange., for cash proceeds of $0.1 million and realized a loss on the sale of $0.2 million . We recorded a net unrealized loss of $6.3 million of which $8.5 million was concluded as other-than-temporary impairment loss. The fair value of this investment as of December 31, 2016 was $6.5 million . During 2015, we made a $32.2 million investment in the company and we recorded a net unrealized loss determined as other-than-temporary impairment loss of $19.1 million . The fair value of this investment at December 31, 2015 was $13.1 million . During 2015 and as a result of the Merger, we acquired an investment of $5.7 million in a company listed on the Norwegian 'over the counter' market. In 2017, the company sold its assets and in the aggregate we received a total $1.6 million in distributions from the company. As of December 31, 2017, we do not hold any investment in the company. During 2016, we recorded a net unrealized loss determined as other-than-temporary impairment loss of $1.5 million . The fair value of this investment at December 31, 2016 was nil . In 2015, we recorded a net unrealized loss determined as other-than-temporary impairment loss of $4.2 million . The fair value of this investment at December 31, 2015 was $1.5 million .

TRADE ACCOUNTS RECEIVABLE, NET

TRADE ACCOUNTS RECEIVABLE, NET	12 Months Ended
	Dec. 31, 2017
TRADE ACCOUNTS RECEIVABLE, NET [Abstract]
TRADE ACCOUNTS RECEIVABLE, NET	TRADE ACCOUNTS RECEIVABLE, NET Trade accounts receivables are stated net of a provision for doubtful accounts. Movements in the provision for doubtful accounts in the three years ended December 31, 2017 are summarized as follows: (in thousands of $) Balance at December 31, 2014 7,434 Additions charged to income 512 Balance at December 31, 2015 7,946 Additions charged to income 199 Deductions credited to trade receivables (7,193 ) Balance at December 31, 2016 952 Additions charged to income 462 Deductions credited to trade receivables (768 ) Balance at December 31, 2017 646 In June 2016, we received $1.7 million and $0.7 million as full settlement of claims for unpaid charter hire and damages for Mayfair and Camden , respectively; the two VLCC vessels that had their charters were terminated in 2012. The settlement related to unrecognized bareboat charter revenue in respect to services rendered in the year ended December 31, 2011 and the aggregate $2.4 million was presented as such on the statement of operations. Trade accounts receivable of $7.0 million and a provision for doubtful accounts in the same amount were written off.

OTHER RECEIVABLES

OTHER RECEIVABLES	12 Months Ended
	Dec. 31, 2017
Other Receivables [Abstract]
OTHER RECEIVABLES	OTHER RECEIVABLES (in thousands of $) 2017 2016 Agent receivables 4,794 2,070 Advances 664 486 Claims receivables 1,819 420 Other receivables 18,160 8,011 25,437 10,987 Other receivables are presented net of allowances for doubtful accounts amounting to nil and nil as of December 31, 2017 and December 31, 2016 .

VALUE OF CHARTER PARTY CONTRACT

VALUE OF CHARTER PARTY CONTRACTS	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
VALUE OF CHARTER PARTY CONTRACTS	VALUE OF CHARTER PARTY CONTRACTS The value of charter-out contracts is summarized as follows: (in thousands of $) 2017 2016 2015 Opening balance 76,099 103,376 — Acquired as a result of the Merger — — 127,090 Acquired time charter contracts from Quintana (3,080 ) — — Amortization charge (19,333 ) (27,277 ) (23,714 ) Total 53,686 76,099 103,376 Less: current portion (18,732 ) (22,413 ) (28,829 ) Non-current portion 34,954 53,686 74,547 In connection with the acquisition of vessels from Quintana in 2017, we acquired certain time charter-out contracts. The contracts were valued to net negative $3.1 million and were fully amortized as of December 31, 2017. Time charter revenues in 2017 , 2016 and 2015 have been reduced by $19.3 million , $27.3 million and $23.7 million , respectively, as a result of the amortization of charter-out contracts. The value of charter-out contracts will be amortized as follows: (in thousands of $) 2018 18,732 2019 18,732 2020 12,148 2021 4,074 2022 — Thereafter — 53,686 The value of charter-in contracts is summarized as follows: (in thousands of $) 2017 2016 2015 Opening balance 5,470 6,144 — Acquired as a result of the Merger — — 7,543 Amortization charge (672 ) (674 ) (1,399 ) Total 4,798 5,470 6,144 Less: current portion (672 ) (672 ) (674 ) Non-current portion 4,126 4,798 5,470 The current and non-current portion of the value of unfavorable charter-in contracts is recorded in other current liabilities and long term liabilities, respectively. Charterhire expenses in 2017 , 2016 , and 2015 , have been reduced by $0.7 million , $0.7 million and $1.4 million , respectively, as a result of the amortization of unfavorable charter-in contracts. The value of unfavorable charter-in contracts will be amortized as follows: (in thousands of $) 2018 672 2019 672 2020 674 2021 672 2022 672 Thereafter 1,436 4,798

VESSELS AND EQUIPMENT, NET

VESSELS AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
VESSELS AND EQUIPMENT, NET	VESSELS AND EQUIPMENT, NET (in thousands of $) Cost Accumulated Depreciation Net Book Value Balance at December 31, 2015 1,540,559 (52,354 ) 1,488,205 Additions 194 Disposals (92,351 ) Transfer from newbuildings 425,393 Depreciation (62,502 ) Balance at December 31, 2016 1,873,795 (114,856 ) 1,758,939 Additions 448,392 Disposals (148,908 ) 8,403 Transfer from newbuildings 227,336 Impairment loss (1,066 ) Depreciation (78,093 ) Balance at December 31, 2017 2,399,549 (184,546 ) 2,215,003 At December 31, 2017 , we owned three Newcastlemaxes, 29 Capesizes, 28 Panamaxes and two Ultramaxes (at December 31, 2016 : two Newcastlemaxes, 20 Capesizes, 18 Panamaxes and six Ultramaxes). I n October 2017 and with reference to Note 28, we agreed to acquire two modern Capesize vessels from Hemen, our largest shareholder, with a purchase price of $43.0 million for each vessel. As settlement of the purchase price for each vessel, we entered into seller's credit loans with an affiliate of Hemen for $21.5 million , respectively. The remaining part of the purchase price consisted of $4.5 million of cash and 2,000,000 of newly-issued common shares of the Company. In November 2017, one of the vessels was delivered to us and $40.7 million was capitalized in purchase price for the vessel. Refer to Note 32 for the delivery of the second vessel. In March 2017, we entered into agreements to acquire 16 dry bulk vessels in transactions where we would issue in aggregate 17.8 million consideration shares and assume debt of $285.2 million . Of the 16 acquired vessels, 14 were acquired from subsidiaries of Quintana and two Panamax vessels were acquired from affiliates of Hemen. The vessels acquired from Quintana consisted of one Newcastlemax, five Capesizes and eight Panamaxes. The 14 vessels acquired from Quintana were subsequently renamed Golden Gayle, Golden Houston, Golden Kaki, Golden Amreen, Golden Anastasia, Golden Myrtalia, Golden Deb, Golden Sue, Golden Kennedy, Golden Jake, Golden Arion, Golden Ioanari, Golden Keen and Golden Shea were delivered between April and July 2017. In exchange for the 14 vessels acquired from Quintana, we issued an aggregate of 14.5 million shares as consideration to Quintana and associated companies. We also assumed $262.7 million in debt and prepaid $17.4 million in installments of this debt. In aggregate, we capitalized $363.4 million in the purchase price for the 14 vessels. In connection with the acquisition of vessels from Quintana in 2017, we acquired certain time charter-out contracts. The contracts were valued to net negative $3.1 million and were fully amortized as of December 31, 2017. In exchange for the two Panamax vessels acquired from affiliates of Hemen, subsequently renamed Golden Amber and Golden Opal and delivered in June 2017, we issued an aggregate of 3.3 million shares as consideration to Hemen and assumed seller's credits of an aggregate of $22.5 million . In the aggregate, we capitalized $43.1 million in the purchase price for the two vessels. In September 2017, we entered into agreements to sell six Ultramax vessels, Golden Libra, Golden Virgo, Golden Taurus, Golden Gemini, Golden Aries and Golden Leo , for a gross sale price of $142.5 million . For one of the vessels we agreed to a partial settlement in the form of consideration shares in the buyer. In the aggregate, the consideration received consisted of $135.1 million in cash and 910,802 consideration shares in the buyer, with a market value of $7.4 per share upon completion of the sale. In the third quarter of 2017, we recorded an impairment loss of $1.1 million in connection with the sale. The vessels were delivered in the fourth quarter of 2017 and we recorded a net loss of $0.6 million upon completion of the sales. In September 2017, we took delivery of the Golden Nimbus , a Capesize newbuilding. The total construction cost transferred from newbuildings amounts to $50.7 million . In February 2017, we took delivery of the Golden Surabaya and Golden Savannah , two Capesize dry bulk newbuildings. The total construction cost transferred from newbuildings was $128.1 million . In January 2017, we took delivery of the Golden Virgo and Golden Libra , two Ultramax dry bulk newbuildings. The total construction cost transferred from newbuildings was $48.5 million . In October 2016, we took delivery of the Front Mediterranean, a Capesize dry bulk newbuilding. The total construction cost transferred from newbuldings amounts to $46.2 million . The vessel was sold upon delivery for sales proceeds of $46.3 million and we recognized a gain of $13.0 thousand . In August 2016, we took delivery of the Golden Leo , an Ultramax dry bulk newbuilding that was acquired as a result of the Merger. The total construction cost transferred from newbuldings was $26.0 million . In May 2016, we took delivery of the Golden Fulham , a Capesize dry bulk newbuilding that was purchased from Frontline 2012 Ltd. The total construction cost transferred from newbuldings was $52.9 million . In February 2016, we took delivery of the Front Caribbean, a Capesize dry bulk newbuilding. The total construction cost transferred from newbuldings was $46.1 million . The vessel was sold upon delivery for sales proceeds of $46.2 million and we recognized a gain of $68.0 thousand . In January 2016, we took delivery of the Golden Barnet and Golden Bexley , both Capesize dry bulk newbuildings and the Golden Scape and Golden Swift, both Newcastlemax dry bulk newbuildings. All of these newbuildings were purchased from Frontline 2012 Ltd. The total construction cost transferred from newbuildings was $254.1 million . Total depreciation expense was $78.1 million , $62.5 million and $51.6 million in 2017 , 2016 and 2015 , respectively.

VESSELS UNDER CAPITAL LEASES, N

VESSELS UNDER CAPITAL LEASES, NET	12 Months Ended
	Dec. 31, 2017
Vessels Under Capital Leases [Abstract]
VESSELS UNDER CAPITAL LEASES, NET	VESSELS UNDER CAPITAL LEASE, NET (in thousands of $) Balance at December 31, 2015 8,354 Disposals (3,473 ) Impairment loss (985 ) Depreciation (940 ) Balance at December 31, 2016 2,956 Depreciation (895 ) Balance at December 31, 2017 2,061 Refer to Note 9 for further details related to impairment on Golden Lyderhorn in 2016. The outstanding obligations under capital leases at December 31, 2017 are payable as follows: (in thousands of $) 2018 5,944 2019 5,944 2020 1,791 Thereafter — Minimum lease payments 13,679 Less: imputed interest (1,005 ) Present value of obligations under capital leases 12,674 As of December 31, 2017 , we held one vessel under capital lease ( December 31, 2016 : one vessel). The lease is for an initial term of 10 years . The remaining period of the lease at December 31, 2017 is three years ( December 31, 2016 : 4 years ). As of December 31, 2017 , we had the following purchase options for the one vessel: (in thousands of $) Purchase option exercise date Purchase option amount Golden Eclipse April 2018 38,000 Golden Eclipse April 2019 36,250 Golden Eclipse April 2020 33,550 Our lease obligation is secured by the lessor's title to the leased asset and by a guarantee issued to the lessor ( Golden Eclipse ).

NEWBUILDINGS

NEWBUILDINGS	12 Months Ended
	Dec. 31, 2017
Newbuildings [Abstract]
Newbuildings	NEWBUILDINGS The carrying value of newbuildings represents the accumulated costs we have paid by way of purchase installments and other capital expenditures together with capitalized loan interest. The carrying value of newbuildings at December 31, 2017 relates to five Capesize dry bulk newbuildings ( December 31, 2016 : eight Capesize and two Ultramax dry bulk newbuildings). Movements in the two years ended December 31, 2017 are summarized as follows: Balance at December 31, 2015 338,614 Installments and newbuilding supervision fees paid 265,083 Interest capitalized 2,258 Transfers to Vessels and Equipment (425,393 ) Balance at December 31, 2016 180,562 Installments and newbuilding supervision fees paid 152,501 Interest capitalized — Transfers to Vessels and Equipment (227,336 ) Balance at December 31, 2017 105,727 Refer to Note 32 for the delivery of the remaining five newbuildings. In September 2017, we took delivery of the Golden Nimbus , a Capesize newbuilding, and paid a final installment including agreed extras of $29.3 million . In February, 2017, we took delivery of the Golden Surabaya and Golden Savannah, two Capesize dry bulk newbuildings, and paid final installments including agreed extras of $67.7 million in total. In January 2017, we took delivery of the Golden Virgo and Golden Libra, two Ultramax dry bulk newbuildings, and paid final installments including agreed extras of $31.3 million in total. During 2017, we paid and capitalized in aggregate pre-delivery installments of $19.5 million and other capitalized costs of $4.7 million . In October 2016, we took delivery of the Front Mediterranean, a Capesize newbuilding. Upon delivery, the final installment including agreed extras of $33.5 million was paid. In August 2016, we took delivery of the Golden Leo , an Ultramax newbuilding. Upon delivery, the final installment including agreed extras of $15.7 million was paid. In May 2016, we took delivery of the Golden Fulham , a Capesize newbuilding. Upon delivery, the final installment including agreed extras of $41.5 million was paid. In February 2016, we took delivery of the Front Caribbean, a Capesize newbuilding. Upon delivery, the final installment including agreed extras of $33.4 million was paid. In January 2016, we took delivery of the Golden Barnet and Golden Bexley , both Capesize newbuildings, and Golden Scape and Golden Swift, both Newcastlemax newbuildings. Upon delivery, aggregate final installments including agreed extras of $112.6 million were paid. During 2016, we paid and capitalized in aggregate pre-delivery installments of $24.6 million and other capitalized costs $3.7 million .

EQUITY METHOD INVESTMENTS

EQUITY METHOD INVESTMENTS	12 Months Ended
	Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
EQUITY METHOD INVESTMENTS	EQUITY METHOD INVESTMENTS As at December 31, the Company had the following participation in investments that are recorded using the equity method: (% of ownership) 2017 2016 United Freight Carriers LLC ("UFC") 50.00 % 50.00 % Golden Opus Inc. ("G. Opus") 50.00 % 50.00 % Seateam Management Pte. Ltd ("Seateam") 22.19 % 22.19 % Capesize Chartering Ltd ("CCL") 25.00 % 25.00 % Movements in equity method investments for the years ended December 31, 2017 and 2016 are summarized as follows: (in thousands of $) G. Opus UFC Seateam CCL Total At December 31, 2015 4,958 770 497 — 6,225 Distributions received from associated companies — — (256 ) — (256 ) Share of income / (loss) (694 ) (149 ) 462 — (381 ) Impairment loss (2,142 ) — — — (2,142 ) Equity contribution 750 — — — 750 Purchases — — 28 — 28 At December 31, 2016 2,872 621 731 — 4,224 Distributions received from associated companies (7,300 ) — (257 ) — (7,557 ) Share of income / (loss) 3,473 827 320 — 4,620 Equity contribution 1,000 — — — 1,000 At December 31, 2017 45 1,448 794 — 2,287 The following tables include summarized financial information provided by the equity investees including information for significant equity affiliates and the reconciliation of such information to the consolidated financial statements shown below: (in thousands of $) G. Opus UFC Others Total 2017 2016 2017 2016 2017 2016 2017 2016 Current assets 119 1,715 4,125 1,819 9,867 10,086 14,111 13,620 Non current assets — 21,936 — — 389 363 389 22,299 Total assets 119 23,651 4,125 1,819 10,256 10,449 14,500 35,919 Current liabilities 29 155 1,227 577 6,521 7,216 7,777 7,948 Long-term liabilities — 17,751 — — 35 11 35 17,762 Stockholders' equity 90 5,745 2,898 1,242 3,700 3,222 6,688 10,209 Percentage of ownership in equity investees 50% 50% * Equity investment of associated companies 45 2,872 1,448 621 821 715 2,314 4,208 Consolidation and reconciling adjustments: — — Other — — — — (27 ) 16 (27 ) 16 Investment in equity investees 45 2,872 1,448 621 794 731 2,287 4,224 (in thousands of $) G. Opus UFC Others 2017 2016 2015 2017 2016 2015 2017 2016 2015 Total operating revenue 3,817 4,262 5,739 7,413 9,591 23,977 8,815 8,391 7,494 Gain sale of vessel 7,166 — — — — — — — — Total operating expense (3,324 ) (4,905 ) (8,864 ) (5,914 ) (9,885 ) (23,450 ) (7,063 ) (6,576 ) (6,043 ) Net operating (loss) income 7,659 (643 ) (3,125 ) 1,499 (294 ) 527 1,752 1,815 1,451 Net (loss) income 6,945 (1,299 ) (3,742 ) 1,654 (297 ) 489 1,633 1,611 1,301 Percentage of ownership in investees 50% 50% * Equity in net income (loss) of associated companies 3,473 (650 ) (1,871 ) 827 (149 ) 245 362 357 276 Consolidation and reconciling adjustments: Excluded (income) loss prior to the Merger in 2015** — — 1,050 — — (105 ) — — (28 ) Other — (44 ) — — — — (42 ) 105 — Equity in net income (loss) of associated companies 3,473 (694 ) (821 ) 827 (149 ) 140 320 462 248 Impairment loss on investment — (2,142 ) (4,600 ) — — — — — — Total equity in net income (loss) of associated companies including impairment losses 3,473 (2,836 ) (5,421 ) 827 (149 ) 140 320 462 248 Total 2017 2016 2015 Total operating revenue 20,045 22,244 37,210 Gain sale of vessel 7,166 — — Total operating expense (16,301 ) (21,366 ) (38,357 ) Net operating (loss) income 10,910 878 (1,147 ) Net (loss) income 10,232 15 (1,952 ) Equity in net income (loss) of associated companies 4,662 (442 ) (1,350 ) Consolidation and reconciling adjustments: Excluded (income) loss prior to the Merger in 2015** — — 917 Other (42 ) 61 — Equity in net income (loss) of associated companies 4,620 (381 ) (433 ) Impairment loss on investment — (2,142 ) (4,600 ) Total equity in net income (loss) of associated companies including impairment losses 4,620 (2,523 ) (5,033 ) *Calculation based on a percentage range between 21.25% and 25% **The table includes results for the full year 2015, but that these entities were acquired as a part of the merger which closed on March 31, 2015 and therefore the company’s share of results is only recorded for the period subsequent to the merger. In 2017, Golden Opus Inc. sold its only vessel to an unrelated third party and repaid its outstanding bank debt. Following these transactions, Golden Opus Inc. distributed $7.3 million in cash to each of the two joint venture partners, respectively. As of December 31, 2016 and 2015, Golden Opus had a $22 million senior secured term loan agreement with us as guarantor for 50% of the facility. In 2017, cash dividends received from equity method investees amounted to $7.6 million (2016: $0.3 million , 2015: $0.1 million ). In April 2016, we purchased an additional 5,156 ordinary shares at par value of SG $1 in Seateam. The purchase increased the stake of the Company from 21.25% to 22.19% . The net asset value per share at the date of the purchase was $5.47 and resulted in a gain on purchase of $24 thousand recognized in other financial items. In March 2016, we contributed $0.8 million additional capital to Golden Opus Inc. As of March 31, 2016, we recorded an impairment loss of $2.2 million of the investment in Golden Opus Inc. following an impairment review triggered by the continuing fall in rates in the Baltic Dry Index. The loss recorded corresponded to the difference between the carrying value prior to the impairment of $5.3 million and its estimated fair value of $3.1 million . In February 2016, Golden Union Shipping Co S.A. equally transferred its 20% stake in CCL to the remaining four joint venture partners (Bocimar International NV, C Transport Holding Ltd, Star Bulk Carrier Corp and the Company). The Company's initial investment in Capesize Chartering and subsequent share of results is insignificant at December 31, 2017. As of December 31, 2015, we recorded an impairment loss of $4.6 million of the investment in Golden Opus Inc. following an impairment review that was triggered by the significant fall in rates in the Baltic Dry Index. The loss recorded is equal to the difference between the carrying value prior to the impairment of $9.6 million and its estimated fair value of $5.0 million . With reference to Note 28 and in February 2015, the Former Golden Ocean, Bocimar International NV, C Transport Holding Ltd, Golden Union Shipping Co S.A., and Star Bulk Carriers Corp. announced the formation of a new joint venture company, Capesize Chartering Ltd. We acquired the Former Golden Ocean's 20% interest in Capesize Chartering upon completion of the Merger and allocated nil value to the shares.

OTHER LONG TERM ASSETS

OTHER LONG TERM ASSETS	12 Months Ended
	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER LONG TERM ASSETS	OTHER LONG TERM ASSETS (in thousands of $) 2017 2016 Seller's credit receivable long-term portion 1,500 2,000 Deferred tax asset 294 343 Prepaid charterhire expenses (straight-lining of lease expense) 8,887 5,184 Other long term assets 10,681 7,527 With reference to Note 28, in the third quarter of 2015 eight vessels were sold and leased back from Ship Finance for a period of 10 years . The daily time charter rate is $17,600 during the first seven years and $14,900 in the remaining six years , including the three years optional period of the vessel owner. We have straight lined the total charterhire expense over the lease term of 13 years . An amount of $3.7 million was credited to charterhire expenses in 2017 (2016: $5.2 million ), with the corresponding asset presented as part of other long term assets. We will begin to amortize this asset when the daily charter hire rate reduces in the third quarter of 2022. The seller's credit receivable originates from a sale of a vessel in 2009. In 2016, the Company renegotiated the principal amount of the asset to $3.0 million and its repayment profile, with the interest rate set to 1% and the maturity date to December 31, 2019. As a result, the asset was re-measured at $3.0 million and a provision for uncollectible receivables of $1.8 million was recognized and subsequently written off. In 2017, 2016 and 2015, the Company recognized total interest income of $0.2 million , $0.2 million and $0.6 million , respectively As of December 31, 2017 , the outstanding seller's credit receivable falls due as follows: (in thousands of $) 2018 500 2019 1,500 2020 — 2021 — 2022 — Thereafter — 2,000

DEBT

DEBT	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
DEBT	DEBT (in thousands of $) 2017 2016 $33.9 million term loan 24,317 28,275 $82.5 million term loan 35,733 44,367 $284.0 million term loan 190,870 258,538 $420.0 million term loan 352,432 388,545 $425.0 million term loan 220,868 166,743 $102.7 million term loan 102,765 — $73.4 million term loan 67,739 — $80.2 million term loan 74,814 — Total U.S. dollar denominated floating rate debt 1,069,538 886,468 U.S. dollar denominated fixed rate debt 178,856 177,300 Deferred charges (3,935 ) (5,350 ) Total debt 1,244,459 1,058,418 Less: current portion (109,671 ) — 1,134,788 1,058,418 Movements in 2017 and 2016 are summarized as follows: (in thousands of $) Floating rate debt Fixed rate debt Sellers credit Deferred charges Total Balance at December 31, 2015 761,739 167,815 4,739 (5,797 ) 928,496 Loan repayments (17,471 ) — (4,748 ) — (22,219 ) Loan draw downs 142,200 — — — 142,200 Amortization of purchase price adjustment — 9,485 9 — 9,494 Capitalized financing fees and expenses — — — (898 ) (898 ) Amortization of capitalized fees and expenses — — — 1,345 1,345 Balance at December 31, 2016 886,468 177,300 — (5,350 ) 1,058,418 Loan repayments (154,666 ) (9,104 ) — — (163,770 ) Loan draw downs 337,736 — — — 337,736 Amortization of purchase price adjustment — 10,360 — — 10,360 Convertible bond loss on extinguishment — 300 — — 300 Amortization of capitalized fees and expenses — — — 1,415 1,415 Balance at December 31, 2017 1,069,538 178,856 — (3,935 ) 1,244,459 In October 2017, we terminated the amended terms agreed with our lenders in February 2016, as further described below, related to the $420.0 million term loan facility, $425.0 million senior secured post-delivery term facility, $33.9 million credit facility, $82.5 million credit facility and the $284.0 million credit facility. New Loan Facilities Related to the Quintana Acquisition In 2017, we acquired 14 vessels from Quintana. The vessels were acquired by a newly-established wholly-owned non-recourse subsidiary. In connection with the acquisition we assumed obligations of $262.7 million under three new loan facilities. According to the agreements with the lenders of the acquired vessels, we agreed to make a $17.4 million pre-payment of the debt in exchange for no mandatory debt repayment until July 2019. In the period prior to July 2019, a cash sweep mechanism is put in place whereby if certain conditions are met, we will pay down on the deferred repayment amount of $40.6 million . The cash sweep is calculated semi-annually with first potential payment following the end of the first quarter of 2018. The average interest rate of the debt assumed in connection with the acquisition of the vessels from Quintana is LIBOR plus 3.1% margin and ordinary debt repayments, following the end of the waiver period in July 2019, will amount to $5.8 million per quarter. Pursuant to the loan agreements, our wholly-owned non-recourse subsidiary, which owns the acquired vessels is prohibited from paying dividends to us. During the repayment holiday period through June 2019, we are required under the loan agreements to satisfy financial covenants including $10 million minimum cash and 105% minimum value covenant. Thereafter, the financial covenants under these loans will include 25% market adjusted equity, $10 million minimum cash and 125 - 135% minimum value covenant. $102.7 million credit facility We assumed this debt of $102.7 million , net of a $6.4 million prepayment, as a result of the acquisition of five vessels from Quintana in 2017. This facility financed five vessels and bears interest of LIBOR plus a margin of 3.0% . Repayments are made on a quarterly basis from the third quarter of 2019 onward. Two of the tranches under the facility mature in January 2020, with a balloon payment of in total $28.0 million . The remaining three tranches mature in October 2021 with balloon payments of in total $60.2 million . As of December 31, 2017, $102.7 million was outstanding under this facility and there was no available, undrawn amount. As of December 31, 2017, this facility was secured by two of our Capesize vessels and three Panamax vessels. $73.4 million credit facility We assumed this debt of $73.4 million as a result of the acquisition of five vessels from Quintana in 2017. This facility financed five vessels and bears interest of LIBOR plus a margin of 3.25% . Repayments are made on a quarterly basis from the third quarter of 2019 onward. Four of the tranches under the facility mature in December 2019, with an aggregated balloon payment of $39.4 million and the fifth tranche matures in January 2022 with a balloon payment of $21.6 million . During 2017, $5.7 million was repaid under this facility. As of December 31, 2017, $67.7 million was outstanding under this facility and there was no available, undrawn amount. As of December 31, 2017, this facility was secured by one of our Capesize vessels and four Panamax vessels. $80.2 million credit facility We assumed this debt of $80.2 million as a result of the acquisition of four vessels from Quintana in 2017. This facility financed four vessels and bears interest of LIBOR plus a margin of in the range between 2.75% - 3.35% depending on the vessel. Repayments are made on a quarterly basis from the third quarter of 2019 onward. One of the tranches under the facility matures in October 2019, with a balloon payment of $11.1 million , two of the tranches mature in November 2019 with an aggregated balloon payment of $33.3 million and the fourth tranche matures in November 2021 with a balloon payment of $24.6 million . During 2017, $5.4 million was repaid under the facility. As of December 31, 2017, $74.8 million was outstanding under this facility and there was no available, undrawn amount. As of December 31, 2017, this facility was secured by one of our Newcastlemax vessels, two Capesize vessels and one Panamax vessel. $33.9 million credit facility We assumed this debt of $30.5 million as a result of the Merger. This facility financed two vessels and bears interest of LIBOR plus a margin of 2.75% . Repayments are made on a quarterly basis, each in an amount $0.6 million , with a balloon payment of $22.6 million on the final maturity date of May 27, 2018. The terms of the facility were amended on March 31, 2016, as described below. During 2017 , $4.0 million ( 2016 : $0.6 million ) was repaid and there have been no draw downs ( 2016 : nil ). As of December 31, 2017 , $24.3 million ( 2016 : $28.3 million ) was outstanding under this facility and there was no available, undrawn amount. As of December 31, 2016 $1.7 million in repayments was deferred and subsequently repaid in 2017. As of December 31, 2017, there were no deferred repayments under this facility following the termination of amended terms in October 2017, as described below. At December 31, 2017 , this facility was secured by two ( 2016 : two ) of our Panamax vessels. $82.5 million credit facility We assumed this debt of $67.8 million as a result of the Merger. This facility financed six vessels and bears interest of LIBOR plus a margin of 2.75% . Repayments are made on a quarterly basis, each in an amount $1.2 million , with a balloon payment of $32.0 million on the final maturity date on October 31, 2018. The terms of the facility were amended on March 31, 2016, as described below. During 2017 , $8.6 million ( 2016 : $3.2 million ) was repaid and there have been no draw downs ( 2016 : nil ). As of December 31, 2017 , $35.7 million ( 2016 : $44.4 million ) was outstanding under this facility and there was no available, undrawn amount. As of December 31, 2016, $3.7 million in repayments was deferred and subsequently repaid in 2017. As of December 31, 2017, there were no deferred repayments under this facility following the termination of amended terms in October 2017, as described below. At December 31, 2017 , this facility was secured by four ( 2016 : four ) of our Panamax vessels. $284.0 million credit facility We assumed this debt of $260.5 million as a result of the Merger. This facility financed 19 vessels and bears interest of LIBOR plus a margin of 2.0% . Repayments are made on a quarterly basis, each in an amount $4.0 million , with a balloon payment of $202.5 million on the final maturity date on December 31, 2019. The terms of the facility were amended on March 31, 2016, as described below. During 2017 , $67.7 million ( 2016 : $4.0 million ) was repaid and there have been no draw downs ( 2016 : nil ). As of December 31, 2017 , $190.9 million ( 2016 : $258.5 million ) was outstanding under this facility and there was no available, undrawn amount. As of December 31, 2016, $12.0 million in repayments was deferred and subsequently repaid in 2017. As of December 31, 2017, there were no deferred repayments under this facility following the termination of amended terms in October 2017, as described below. At December 31, 2017 , this facility was secured by two ( 2016 : two ) of our Capesize vessels, 12 ( 2016 : 12 ) Panamax vessels and two ( 2016 : five ) Ultramax vessels. $420.0 million term loan facility In June 2014, we entered into a term loan facility of up to $420.0 million , dependent on the market values of the vessels at the time of draw down, consisting of 14 tranches of up to $30.0 million to finance, in part, 14 newbuilding vessels. Each tranche is repayable by quarterly installments based on a 20 -years profile from the delivery date of each vessel and all amounts outstanding shall be repaid on June 30, 2020. The facility has an interest rate of LIBOR plus a margin of 2.5% . In January 2016, following an accelerated repayment to comply with the minimum value covenant as of December 31, 2015, the quarterly repayment schedule was amended to $5.2 million , in total, for all 14 tranches. The terms of the facility was further amended on March 31, 2016, as described below. During 2017 , $36.1 million ( 2016 : $7.3 million ) was repaid and there have been no draw downs ( 2016 : nil ). As of December 31, 2017 , $352.4 million ( 2016 : $388.5 million ) was outstanding under this facility and there was no available, undrawn amount. As of December 31, 2016, $15.5 million in repayments was deferred and subsequently repaid in 2017. As of December 31, 2017, there were no deferred repayments under this facility following the termination of amended terms in October 2017, as discussed below. The facility is secured by 14 ( 2016 : 14 ) of our Capesize vessels. $425.0 million senior secured post-delivery term loan facility In February 2015, we entered into a senior secured post-delivery term loan facility of up to $425.0 million , depending on the market values of the vessels at the time of draw down, to partially finance 14 newbuilding vessels. The facility was initially divided into 12 tranches of $30.0 million and two tranches of $32.5 million . Each tranche was originally repayable in quarterly payments of 1/80 of the drawn down amount and all amounts outstanding are to be repaid on the final maturity date of March 31, 2021. The loan bore interest at LIBOR plus a margin of 2.0% . In December 2015, the loan agreement was amended and the minimum l evel of the loan to value was increased from 55% to 70% . The margin was also amended to 2.20% plus LIBOR and the quarterly repayments changed from 1/80 to 1/64 of the drawn down amount. The amendment also allowed us to substitute the optional additional borrowers with another of our wholly owned subsidiaries. The terms of the loan were further amended on March 31, 2016, as described below. During 2017 , $20.9 million ( 2016 : $2.3 million ) was repaid and we have drawn down a total of $75.0 million (2016: $142.2 million ) on delivery of three Capesize bulk carriers ( 2016 : five Capesize vessels). As of December 31, 2017 , $220.9 million ( 2016 : $166.7 million ) was outstanding under this facility and there was $150.0 million available, undrawn amount. As of December 31, 2016, $7.6 million in repayments was deferred and subsequently repaid in 2017. As of December 31, 2017, there were no deferred repayments under this facility following the termination of amended terms in October 2017, as discussed below. At December 31, 2017 , this facility was secured by nine ( 2016 : six ) of our Capesize vessels. Loan Amendments and Cash Sweep Mechanism In February 2016, we agreed with our lenders to amend certain of the terms on the $420.0 million term loan facility, $425.0 million senior secured post-delivery term facility, $33.9 million credit facility, $82.5 million credit facility and the $284.0 million credit facility, or the Loan Facilities, as follows: For the period from April 1, 2016 to September 30, 2018 there would be no repayments on these facilities, subject to a cash sweep mechanism as described below. The minimum value covenant was set at 100% with a subsequent increase to 125% or 135% (depending on the facility) on October 1, 2018 and the market adjusted equity ratio was waived up until the same date. We also agreed that for the remaining newbuilding contracts where we had financing in the $425.0 million term loan facility, there would be a fixed draw down of $25.0 million per vessel subject to compliance with the minimum value covenant of 100% for the period. The margins on the loans were unchanged, however; we would pay an increased margin of 4.25% for the deferred repayments under the loan facilities. We would resume repayment of each loan on October 1, 2018 based on the repayment model as if October 1, 2018 was April 1, 2016 regardless of any repayment made during the period in accordance with the cash sweep mechanism described below and without affecting the final maturity date. A cash sweep mechanism was put in place whereby we would pay down on the deferred repayment amount should our cash position improve. We would report and furnish our lenders at the end of each first and third quarter a calculation of free projected cash anticipated at September 30, 2018, or the Free Projected Cash. All Free Projected Cash above a threshold of $25 million would be used to repay the loans on the cash sweep repayment date, which was when the compliance certificates fall due. The first cash sweep repayment date was due at the end of the third quarter of 2016 and no payments were triggered following reporting to the lenders. The cash sweep that we would pay to each lender would be based on a relative value of the deferred amount in each facility as calculated as per end of that half year period equal to: • the installments that had fallen due and payable under the agreements during that period had not such installments been suspended in accordance; over • all regular installments that had fallen due and payable under all existing credit facilities during that period had not such installments been suspended. Existing credit facilities included the Loan Facilities and the $22 million senior secured term loan agreement made between Golden Opus Inc., and us as guarantor of 50% of the facility. In August 2017, Golden Opus Inc. sold its only vessel and settled its outstanding loan facility. Any repayments made under the cash sweep would be applied against balloon payments due on the loans. Due to the operation of the cash sweep mechanism, we would not be permitted to make any cash dividend payments without the prior approval of our lenders in the period to September 30, 2018. In 2017, we prepaid in aggregate $86.8 million of deferred repayments based on the cash sweep mechanism. As at December 31, 2016, the deferred repayments under the loan facilities amounted to $40.5 million . In October 2017, we terminated the amended terms related these facilities. This effectively reinstated normal covenants and removed certain restrictions described above. Financial covenants Our loan agreements contain loan-to-value clauses, which could require us to post additional collateral or prepay a portion of the outstanding borrowings should the value of the vessels securing borrowings under each of such agreements decrease below required levels. In addition, the loan agreements contain certain financial covenants, including the requirement to maintain a certain level of free cash, positive working capital and a value adjusted equity covenant. Under our recourse debt facilities, the aggregate value of the collateral vessels shall not fall below 125% or 135% of the loan outstanding, depending on the facility. We need to maintain free cash of at least $20 million or 5% of total interest bearing debt, maintain positive working capital and maintain a value adjusted equity of at least 25% of value adjusted total assets. With regards to free cash, we have covenanted to retain at least $60.6 million of cash and cash equivalents as at December 31, 2017 ( December 31, 2016 : $53.8 million ) and this is classified under restricted cash. In addition, none of our vessel owning subsidiaries may sell, transfer or otherwise dispose of their interests in the vessels they own without the prior written consent of the applicable lenders unless, in the case of a vessel sale, the outstanding borrowings under the credit facility applicable to that vessel are repaid in full. Failure to comply with any of the covenants in the loan agreements could result in a default, which would permit the lender to accelerate the maturity of the debt and to foreclose upon any collateral securing the debt. Under those circumstances, we might not have sufficient funds or other resources to satisfy our obligations. As of December 31, 2017 and December 31, 2016 , we were in compliance with our covenants. U.S. Dollar Denominated Fixed Rate Debt 3.07% Convertible Bonds due 2019 In January 2014, the Former Golden Ocean issued a $200 million convertible bond with a 5 year tenor and coupon of 3.07% per year, payable bi-annually in arrears. The convertible bond has no regular repayments and matures in full on January 30, 2019. There are no financial covenants in the convertible bond agreement. At the time of the Merger, we assumed the convertible bond and the conversion price was adjusted based on the exchange ratio in the Merger. The conversion price at December 31, 2017 was $88.15 ( December 31, 2016 : $88.15 ) per share. The fair value of the convertible bond was determined to be $161.2 million at the time of the Merger based on the quoted price of 80.6% . The difference of $38.8 million is being amortized over the remaining life of the bond so as to maintain a constant effective rate so that the convertible bond will have a value of $200 million on maturity. The bonds will be redeemed at 100% of their principal amount and will, unless previously redeemed, converted or purchased and cancelled, mature on January 30, 2019. We have a right to redeem the bonds at par plus accrued interest at any time during the term, provided that 90% or more of the bonds issued shall have been redeemed or converted to shares. As at December 31, 2017 , 2,268,860 ( December 31, 2016 : 2,268,860 ) new shares would be issued if the bonds were converted at the current price of $88.15 ( December 31, 2016 : $88.15 ). In December 2017, we acquired $9.4 million in nominal value of our outstanding convertible bond at a price of 96.85% of par value, reducing the outstanding convertible debt balance. As a result of the transaction we recognized a loss of $0.3 million , presented under other financial items. See Note 32 for a discussion of additional purchases of our convertible bond after December 31, 2017. During 2017 , $10.4 million ( 2016 : $9.5 million , 2015: $6.6 million ) was amortized and recorded as interest expense. Seller's credit In 2016, we repaid the outstanding amount of $4.8 million on maturity, and amortized the remaining fair value balance of $8.3 thousand , of a seller's credit partially financing the acquisition of two vessels in 2013. See Note 28 for a discussion of related party seller credits entered into in 2017 in relation to vessels acquisitions from affiliates of Hemen. Deferred charges Debt issuance costs of $ 3.9 million at December 31, 2017 (December 31, 2016: $ 5.4 million ) are presented as a deduction from the carrying amount of our debt. The outstanding debt as of December 31, 2017 is repayable as follows: (in thousands of $) 2018 109,671 2019 496,558 2020 364,767 2021 267,542 2022 21,600 Thereafter — 1,260,138 Amortization of purchase price adjustment (11,744 ) 1,248,394 Assets pledged As of December 31, 2017 , fifty-nine vessels ( 2016 : forty-five vessels) with an aggregate carrying value of $2,130.0 million ( 2016 : $1,733.2 million ) were pledged as security for our floating rate debt. Weighted average interest The weighted average interest rate related our floating rate debt (margin excluding LIBOR) as of December 31, 2017 and 2016 was 2.69% , and 2.37% respectively. Our fixed rate debt bears interest of 3.07% per annum.

ACCRUED EXPENSES

ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES (in thousands of $) 2017 2016 Voyage expenses 7,388 3,467 Ship operating expenses 6,937 6,424 Administrative expenses 1,510 935 Tax expenses 9 12 Interest expenses 8,460 7,029 24,304 17,867

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
OTHER CURRENT LIABILITIES	OTHER CURRENT LIABILITIES (in thousands of $) 2017 2016 Deferred charter revenue 21,704 10,509 Deferred gain on sale and leaseback 258 258 Unfavorable charter party-in contracts 672 672 Payroll and Employee Tax accruals 488 396 Other current liabilities 8,967 2,782 32,089 14,617 OTHER LONG TERM LIABILITIES (in thousands of $) 2017 2016 Deferred gain on sale and leaseback 2,485 2,744 Other long term liabilities 5,574 5,468 8,059 8,212

DERIVATIVE INSTRUMENTS PAYABLE

DERIVATIVE INSTRUMENTS PAYABLE AND RECEIVABLE	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS PAYABLE AND RECEIVABLE	DERIVATIVE INSTRUMENTS PAYABLE AND RECEIVABLE Our derivative instruments are not designated as hedging instruments and are summarized as follows: (in thousands of $) 2017 2016 Interest rate swaps 2,864 1,502 Foreign currency swaps 83 — Bunker derivatives 801 92 Asset Derivatives - Fair Value 3,748 1,594 (in thousands of $) 2017 2016 Interest rate swaps 1,914 1,777 Foreign currency swaps 66 213 Bunker derivatives 313 — Liability Derivatives - Fair Value 2,293 1,990 During 2017 , 2016 and 2015 , the following were recognized and presented under “Gain (loss) on derivatives” in the consolidated statement of comprehensive income: (in thousands of $) 2017 2016 2015 Interest rate swaps Interest expense (1,705 ) (1,807 ) (2,127 ) Unrealized fair value gain (loss) 1,225 (38 ) (394 ) Foreign currency swaps Realized gain (loss) 204 (3 ) 68 Unrealized fair value gain (loss) 25 (27 ) (251 ) Forward freight agreements Realized gain (loss) (517 ) 42 (606 ) Bunker derivatives Realized gain (loss) 622 (1,518 ) (1,853 ) Unrealized fair value gain (loss) 291 2,676 (1,776 ) 145 (675 ) (6,939 )

OTHER LONG TERM LIABILITIES

OTHER LONG TERM LIABILITIES	12 Months Ended
	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
OTHER LONG TERM LIABILITIES	OTHER CURRENT LIABILITIES (in thousands of $) 2017 2016 Deferred charter revenue 21,704 10,509 Deferred gain on sale and leaseback 258 258 Unfavorable charter party-in contracts 672 672 Payroll and Employee Tax accruals 488 396 Other current liabilities 8,967 2,782 32,089 14,617 OTHER LONG TERM LIABILITIES (in thousands of $) 2017 2016 Deferred gain on sale and leaseback 2,485 2,744 Other long term liabilities 5,574 5,468 8,059 8,212

SHARE CAPITAL

SHARE CAPITAL	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
SHARE CAPITAL	SHARE CAPITAL Authorized share capital: (in thousands of $ except per share amount) 2017 2016 150 million common shares of $0.05 par value 7,500 7,500 In September 2016, at the Company's 2016 Annual General Meeting, the shareholders approved that the Company's authorized share capital was increased from $6,000,000 divided into 120,000,000 common shares of $0.05 par value to $7,500,000 divided into 150,000,000 common shares of $0.05 par value. In August 2016, we effected 1-for-5 reverse share split of the our common shares where every five shares of the Company's issued and outstanding common shares par value $0.01 per share was automatically combined into one issued and outstanding common share par value $0.05 per share. As a result of the 1-for-5 reverse share split the Company's authorized capital was restated from $6,000,000 divided into 600,000,000 common shares of $0.01 par value to $6,000,000 divided into 120,000,000 common shares of $0.05 par value. In February 2016, at a Special General Meeting, the shareholders approved that the Company's authorized share capital was increased from $5,000,000 divided into 500,000,000 common shares of $0.01 par value to $6,000,000 divided into 600,000,000 common shares of $0.01 par value. Issued and fully paid share capital: (number of shares of $0.05 each) 2017 2016 Balance at start of year 105,965,192 34,535,128 Shares issued re: - settlement of RSUs — 19,954 - private placement — 68,736,800 - subsequent offering — 2,673,858 - cancellation — (548 ) - equity offerings 16,372,505 — - issue of consideration shares to Quintana 14,500,000 — - issue of consideration shares to Hemen 5,300,000 — - settlement of options 60,000 — Balance at end of year 142,197,697 105,965,192 With reference to Note 15 and Note 28, and in relation to the 14 vessels acquired from Quintana and three vessels acquired from affiliates of Hemen in 2017, we issued, in the aggregate, 14,500,000 and 5,300,000 consideration shares, respectively. In December 2017, we issued 60,000 shares and received $252 thousand in proceeds in relation to our 2016 share option plan. In October 2017, we completed an equity offering raising gross proceeds of approximately $66 million through the issuance of 7,764,705 shares. In March 2017, we completed an equity offering raising gross proceeds of approximately $60 million through the issuance of 8,607,800 shares. In October 2016, we issued an aggregate of 19,954 common shares, par value $ 0.05 per share, in connection with the Company's 2010 Equity Incentive Plan. As a result of the share issuance, there are currently no outstanding awards under the 2010 Equity Incentive Plan. In February 2016, we announced a private placement of 68,736,800 new shares, or the Private Placement Shares, at NOK 25.00 per share, generating gross proceeds of NOK 1.7 billion (approximately $200 million ). In February 2016, we announced a subsequent offering, or the Subsequent Offering, of up to 6,873,680 new common shares at NOK 25.00 per share for gross proceeds of up to NOK 171.8 million (approximately $20 million ). Ultimately, 2,673,858 new common shares, or the Subsequent Offering Shares, were issued in connection with the Subsequent Offering for gross proceeds of NOK 66.8 million (approximately $8.0 million ). As with the Private Placement Shares, the Subsequent Offering Shares issued as part of the Subsequent Offering were restricted shares in the U.S. There are currently no restrictions to the shares. In total, the net proceeds from the private placement were $205.4 million comprising $208.0 million gross proceeds from the placement net of issue costs of $2.6 million . As at December 31, 2017 , 142,197,697 common shares were outstanding ( December 31, 2016 : 105,965,192 common shares). Refer to Note 32 for shares issued subsequent to the date of this report.

RESTRICTED STOCK UNITS

RESTRICTED STOCK UNITS	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
RESTICTED STOCK UNITS	RESTRICTED STOCK UNITS In September 2010, our Board of Directors approved the adoption of the 2010 Equity Incentive Plan, or the "Plan," and reserved 160,000 common shares of the Company for issuance pursuant to the Plan. The Plan permits RSUs to be granted to our directors, officers, employees affiliates, consultants and service providers. We have issued RSUs under the plan, which generally vest over three years at a rate of 1/3 of the number of RSUs granted on each annual anniversary of the date of grant, subject to the participant continuing to provide services to us from the grant date through the applicable vesting date. Payment upon vesting of RSUs may be in cash, in shares of common stock or a combination of both as determined by the Board. They must be valued in an amount equal to the fair market value of a share of common stock on the date of vesting. The participant shall receive a 'cash distribution equivalent right' with respect to each RSU entitling the participant to receive amounts equal to the ordinary dividends that would be paid during the time the RSU is outstanding and unvested on the shares of common stock underlying the RSU as if such shares were outstanding from the date of grant through the applicable vesting date of the RSU. Such payments shall be paid to the participant at the same time at which the RSUs vesting event occurs, conditioned upon the occurrence of the vesting event. On September 22, 2016, the management companies forfeited their remaining 11,744 outstanding awards. On October 24, 2016, we issued an aggregate of 19,954 common shares in settlement of all the outstanding tranches, vested and non-vested, of RSUs granted to former Board members, as adjusted for dividends. As a result of the share issuance, there are currently no outstanding awards under the 2010 Equity Plan as of December 31, 2016 and 2017, respectively. The following table summarizes restricted stock unit transactions in 2016: Number of units Directors Management companies Total Fair value Units outstanding as of December 31, 2015 11,744 11,744 23,488 $5.35 Granted — — — — Settled (11,744 ) — (11,744 ) $3.64 Forfeited — (11,744 ) (11,744 ) — Units outstanding as of December 31, 2016 — — — — The fair values in the table above are the closing share prices on December 31, the share prices on the date of grant or the share prices on the date of vesting, as appropriate. The RSU expense in 2017 , 2016 and 2015 was nil , $0.01 million and $0.01 million , respectively.

SHARE OPTIONS

SHARE OPTIONS	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE OPTIONS	SHARE OPTIONS 2016 Share Option Plan: In November 2016, the Board approved the adoption of the 2016 Share Option Plan, or the "2016 Plan". The 2016 Plan permits share options to be granted to directors, officers and employees, or the Option holders, of the Company and its subsidiaries. The plan has a 10 year term effective November 2016, unless otherwise determined by the Board. The share options entitle the Option holders to subscribe for common shares at a price per share equal to the exercise price as determined by the Board on the date the share options are granted. The share options have no voting or other shareholder rights. On November 10, 2016, the Board approved the issue of 700,000 share options to senior management in accordance with the terms of the 2016 Plan at an exercise price of $4.20 , adjusted for any distribution of dividends made before the relevant options are exercised. The share options have a five years term and vest over a three years period equally at a rate of 1/3 of the number of share options granted on each annual anniversary of the date of grant, subject to the option holder continuing to provide services to the Company from the grant date through the applicable vesting date. The fair value of the share options granted on November 10, 2016 under the 2016 Scheme was calculated on the Black-Scholes method. The significant assumptions used to estimate the fair value of the share options are set out below: • Grant Date: November 10, 2016. • Expected Term: Given the absence of expected dividend payments and that the exercise price is adjustable for any distribution of dividends made before the relevant options are exercised, we expect that it is reasonable for holders of the granted options to avoid early exercise of the options. As a result, we assumed that the expected term of the options is their contractual term. • Expected Volatility: We used the historical volatility of the common shares to estimate the volatility of the prices of the shares underlying the share options. The final expected volatility estimate, which is based on historical share price volatility for the period from the Merger on March 31, 2015 to the grant date on November 10, 2016, was 71% . • Expected Dividends: The share options exercise price is adjustable for distribution of dividend before the share options are exercised. We assumed that the expected dividend is nil based on the dividend restrictions in the loan agreements. • Dilution Adjustment: The number of share options is considered immaterial as compared to the number of shares outstanding and no dilution adjustment was incorporated in the valuation model. • Risk-free Rate: We used the five-year US Government bond risk-free yield-to-maturity rate of 1.55% as of November 10, 2016 as an estimate for the risk-free rate to match the expected five year term of the share options. • Expected Forfeitures: We expect that there will be no forfeitures of non-vested shares options during the terms. The following table summarizes the unvested option activity for the year ended December 31, 2017 and 2016: Number of options Weighted Average Exercise Price Weighted Average Grant date Fair Value Management Total Granted November 2016 700,000 700,000 $4.20 $2.47 Outstanding as of December 31, 2016 - Unvested 700,000 700,000 $4.20 $2.47 Granted — — Exercised 60,000 60,000 $4.20 $2.47 Exercisable 173,333 173,333 $4.20 $2.47 Forfeited — — — — Outstanding as of December 31, 2017 - Unvested 466,667 466,667 $4.20 $2.47 The following table summarizes certain information about the options outstanding as of December 31, 2017 and 2016: Options Outstanding and Unvested, December 31, 2017 Options Outstanding and Exercisable, December 31, 2017 Weighted Average Exercise Price of Outstanding Options Number of options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Number of options Weighted Average Exercise Price Weighted Average Remaining Contractual Life $4.20 466,667 $4.20 1.86 173,333 $4.20 1.86 Options Outstanding and Unvested, December 31, 2016 Options Outstanding and Exercisable, December 31, 2016 Weighted Average Exercise Price of Outstanding Options Number of options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Number of options Weighted Average Exercise Price Weighted Average Remaining Contractual Life $4.20 700,000 $4.20 2.86 — — — For the year ended December 31 2017 and 2016 the share based compensation was $0.6 million and $0.1 million , respectively, and is included in "Administrative expenses" in the consolidated statement of operations. With reference to Note 25, we issued 60,000 shares in December 2017 following the exercise of share options in 2017. As at December 31, 2017 and 2016 , the estimated cost relating to non-vested share options not yet recognized was $1.1 million $1.6 million . With reference to Note 32 and declaration of dividends in 2018, the exercise price will be adjusted to $4.10 per share. The Former Golden Ocean Stock Option Incentive Plan On March 21, 2005, the Former Golden Ocean approved a share option plan for directors and eligible employees. The weighted average exercise price under the plan was NOK 144.45 in 2016 and 2017. As of December 31, 2016, 84,000 options were outstanding, and in 2017 all outstanding options were canceled following expiration of the term of the plan. No options were exercised in 2016 or in 2017.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS We transact business with the following related parties, consisting of companies in which Hemen and companies associated with Hemen have a significant interest: Frontline Ltd and its subsidiaries (ICB Shipping (Bermuda) Ltd, Frontline Management (Bermuda) Ltd, Seateam Management Pte Ltd and Frontline 2012 Ltd., referred to as "Frontline"), Ship Finance International Ltd (referred to as "Ship Finance") and Seatankers Management Co. Ltd and companies affiliated with it (referred to as "Seatankers"). We also transact business with our associated companies. Frontline Refer to Note 8 for transactions with Frontline regarding sale of contracts and vessels in 2015. Ship Finance In April 2015, we agreed to a sale and leaseback transaction with Ship Finance for eight Capesize vessels. These vessels were sold en-bloc for an aggregate price of $272.0 million . The vessels were delivered to Ship Finance in the third quarter of 2015 and were time chartered-in by one of our subsidiaries for a period of ten years. The daily time charter rate is $17,600 during the first seven years and $14,900 in the remaining three years, of which $7,000 is for operating expenses (including dry docking costs). In addition, 33% of our profit from revenues above the daily time charter rate for all eight vessels aggregated will be calculated and paid on a quarterly basis to Ship Finance and the daily hire payments will be adjusted if the actual three month LIBOR should deviate from a base LIBOR of 0.4% per annum. For each 0.1% point increase/decrease in the interest rate level, the daily charter hire will increase or decrease by $50 per day in the first seven years and $25 per day in the remaining three years. We have a purchase option of $112 million en-bloc after ten years and, if such option is not exercised, Ship Finance will have the option to extend the charters by three years at $14,900 per day. We are the commercial manager for 14 ( 2016 : 14 ) dry bulk and eight ( 2016 : nine ) container vessels owned and operated by Ship Finance. Pursuant to the management agreements, we receive $125 per day per vessel for managing seven of the 14 dry bulk vessels and $75 per day per vessel for managing the remaining seven dry bulk vessels ( 2016 : $125 per day per vessel for managing the seven dry bulk vessels, 2015 : $125 per day per vessel for managing the twelve dry bulk vessels) and $75 per day per vessel for managing the eight container vessels ( 2016 : $75 per day per vessel for managing the nine container vessels, 2015 : $65 per day per vessel for managing the eleven container vessels). Seatankers We are the commercial manager of twenty ( 2016 : twenty-one ) dry bulk vessel owned and operated by Seatankers. Pursuant to the management agreements, we receive $125 ( 2016 : $125 , 2015 : $125 ) per day per vessel for managing the dry bulk vessels. From time to time we may also charter in dry bulk vessel owned by Seatankers on short term time charters. Capesize Chartering In February 2015, the Former Golden Ocean, Bocimar International NV, C Transport Holding Ltd, Golden Union Shipping Co S.A., and Star Bulk Carriers Corp. announced the formation of a new joint venture company, Capesize Chartering Ltd, or CCL. We acquired the Former Golden Ocean's 20% interest in Capesize Chartering upon completion of the Merger on March 31, 2015. In January 2016, Golden Union Shipping Co S.A. equally transferred its 20% stake in CCL to the remaining four joint venture partners. At the same time, we entered into a revenue sharing agreement for Capesize dry bulk vessels with the joint venture partners whereby it was agreed that we would initially include 21 Capesize dry bulk vessels in the revenue sharing agreement. The revenue sharing agreement applies to 65 modern Capesize dry bulk vessels across the joint venture partners and is being managed from our offices in Singapore and Bocimar’s offices in Antwerp. United Freight Carriers We acquired the Former Golden Ocean's 50% interest United Freight Carriers LLC, or UFC, upon completion of the Merger on March 31, 2015. UFC is a dry cargo vessel operator and logistics service provider that primarily focuses its activity around smaller bulk carriers with deadweight of up to 50,000 tonnes. Management Agreements Technical Supervision Services We receive technical supervision services from Frontline Management. Pursuant to the terms of the agreement, Frontline Management receives an annual management fee of $30,555 per vessel ( 2016 : $31,875 per vessel). This fee is subject to annual review. Frontline Management also manages our newbuilding supervision and charges us for the costs incurred in relation to the supervision. Ship Management The ship management of our vessels is provided by external ship managers, except for twenty ( 2016 : fifteen ) vessels, which is provided by SeaTeam Management Pte. Ltd, a company in which we own 22.2% and is a subsidiary of Frontline. Other Management Services We aim to operate efficiently through utilizing Frontline or other companies with the same main shareholder and these costs are allocated based on a cost plus mark-up model. During 2016 , we received assistance in relation to consolidation and reporting as well as management of our Sarbanes Oxley compliance from Frontline and we were charged a fee of $115,000 ( 2015 : $115,000 ) per quarter for these services. Effective January 1, 2017, we only receive services in relation to management of our Sarbanes Oxley compliance from Frontline at a quarterly fee of $17,500 . We also receive services in relation to sales and purchase activities, bunker procurement and administrative services in relation to the corporate headquarter. Acquisition of vessels from affiliates of Hemen I n October 2017, we agreed to acquire two Capesize vessels from affiliates of Hemen, our largest shareholder, at an aggregated purchase price of $86.0 million . As settlement of the purchase price for each vessel, the Company entered into a seller's credit loan with an affiliate of Hemen for 50% of the purchase price of each vessel. The remaining part of the purchase price was to be settled with an aggregate of $9.0 million of cash and 4,000,000 of newly-issued common shares of the Company; 2,000,000 shares was to be issued upon the delivery of each vessel. In November 2017, one of the vessels, Golden Behike , was delivered to us and 2,000,000 shares were issued to satisfy the purchase price. Refer to Note 32 for the delivery of the second vessel. In March 2017, we entered into agreements to acquire two Panamax vessels from affiliates of Hemen. In exchange for the two Panamax vessels acquired from affiliates of Hemen, subsequently renamed Golden Amber and Golden Opal and delivered in June 2017, we issued an aggregate of 3.3 million shares as consideration to Hemen and assumed seller's credits of an aggregate of $22.5 million . Seller's credits from affiliates of Hemen In connection with the acquisition of the two Panamax vessels from affiliates of Hemen in 2017, we assumed an aggregate of $22.5 million in debt under seller's credit agreements, non-amortizing until June 2019 and with an interest rate of LIBOR plus a margin of 3.0% . In connection with the agreements to acquire two Capesize vessels from affiliates of Hemen in October 2017, we entered into non-amortizing seller's credit loans with an affiliate of Hemen for 50% of the purchase price of each vessel. Each loan bears interest at LIBOR plus a margin of 3.00% per annum and matures three years after delivery of each vessel. Following the delivery of Golden Behike in 2017, we assumed $21.5 million in a seller's credit loan related to the vessel. Refer to Note 32 for the delivery of the second vessel. A summary of long-term balances owed to related parties as of December 31, 2017 and 2016 is as follows: (in thousands of $) 2017 2016 Hemen 44,000 — 44,000 — A summary of net amounts charged by related parties in 2017 , 2016 and 2015 is as follows: (in thousands of $) 2017 2016 2015 ICB Shipping (Bermuda) Ltd — — 579 Frontline Ltd 4,210 6,521 13,192 The Former Golden Ocean — — 134 Ship Finance International Limited 27,977 25,564 12,060 Seateam Management Pte Ltd 3,103 2,638 1,932 Seatankers Management Co Ltd 9,696 4,216 159 Golden Opus Inc 1,286 1,114 — Capesize Chartering Ltd 57 98 — Affiliates of Hemen 634 — — 46,963 40,151 28,056 Net amounts charged by related parties comprise general management and commercial management fees, charter hire expenses, newbuilding supervision fees, interest expenses and newbuilding commission fees. A summary of net amounts charged to related parties in 2017 , 2016 and 2015 is as follows: (in thousands of $) 2017 2016 2015 Ship Finance International Limited 738 795 560 Seatankers Management Co Ltd 933 957 310 United Freight Carriers LLC — 150 — Capesize Chartering Ltd 3,368 945 — 5,039 2,847 870 Net amounts charged to related parties comprise commercial management fees since April 1, 2015, following the completion of the Merger with the Former Golden Ocean. A summary of balances due from related parties as of December 31, 2017 and 2016 is as follows: (in thousands of $) 2017 2016 Capesize Chartering Ltd — 322 Frontline Ltd 1,095 1,523 Ship Finance International Ltd 60 2 Seatankers Management Co Ltd 825 77 Golden Opus Inc 10 3 1,990 1,927 A summary of short-term balances owed to related parties as of December 31, 2017 and 2016 is as follows: (in thousands of $) 2017 2016 Capesize Chartering Ltd 879 — Frontline Ltd 1,822 1,044 Seatankers Management Co Ltd — 270 Golden Opus Inc 29 73 2,730 1,387 As at December 31, 2017 and December 31, 2016 , receivables and payables with related parties mainly comprise unpaid fees for services rendered from and to related parties. We have periodically issued share options and RSUs to Board and management companies, as disclosed in Notes 26 and 27 of these consolidated financial statements. In February 2016, Hemen was allocated 31.6 million shares at NOK 25.00 per share in connection with a private placement share offering of 68.7 million new shares. Hemen also owns $124.4 million of the Convertible Bond, which is convertible into 1,426,769 of our common shares at an exercise price of $87.19 per share. In 2017, we issued an aggregate of 5,300,000 shares to Hemen in connection with vessel acquisitions.

FINANCIAL ASSETS AND LIABILITIE

FINANCIAL ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
FINANCIAL ASSETS AND LIABILITIES	FINANCIAL ASSETS AND LIABILITIES Interest rate risk management Our interest rate swaps are intended to reduce the risk associated with fluctuations in interest rates payments. As of December 31, 2017, we have interest rate swaps whereby the floating rate on a notional principal amount of $500 million ( December 31, 2016 : $400 million ) are swapped to fixed rate. During 2017, we entered into two new interest rate swaps for notional principal amount of $100 million in total. Credit risk exists to the extent that the counter parties are unable to perform under the contracts but this risk is considered remote as the counter parties are banks, which participate in loan facilities to which the interest rate swaps are related. Our interest rate swap contracts as at December 31, 2017 of which none are designated as hedging instruments are summarized as follows: (in thousands of $) Notional Amount Inception Date Maturity Date Fixed Interest Rate Receiving floating, pay fixed 50,000 October 2012 October 2019 1.22 % Receiving floating, pay fixed 50,000 February 2015 February 2020 1.93 % Receiving floating, pay fixed 100,000 October 2019 October 2025 2.51 % Receiving floating, pay fixed 50,000 October 2015 October 2019 1.22 % Receiving floating, pay fixed 50,000 November 2015 February 2020 1.92 % Receiving floating, pay fixed 50,000 August 2017 August 2025 2.41 % Receiving floating, pay fixed 50,000 August 2017 August 2025 2.58 % Receiving floating, pay fixed 50,000 February 2017 February 2022 1.90 % Receiving floating, pay fixed 50,000 April 2017 April 2022 1.86 % 500,000 Changes in the fair value of the interest rate swap transactions are recorded in "Gain (loss) on derivatives" in the consolidated statement of operations. Forward freight agreements We take positions from time to time in the forward freight market (FFA), either as a hedge to a physical contract or as a speculative position. Currently, all such contracts are cleared through clearing houses and the Company uses NasdaqOMX in this respect. Credit risk exists to the extent that NasdaqOMX is unable to perform under the contracts but this risk is considered remote as all participants post collateral security for their positions. As of December 31, 2017, we had coverage in the aggregate of 470 days with maturity in 2018 under our FFAs. As of December 31, 2016, we did not have any open positions. The losses on FFA are recorded in "Gain (loss) on derivatives" in the consolidated statement of operations. Bunker derivatives We enter into cargo contracts from time to time. We are then exposed to fluctuations in bunker prices, as the cargo contract price is based on an assumed bunker price for the trade. There is no guarantee that the hedge removes all the risk from the bunker exposure, due to possible differences in location and timing of the bunkering between the physical and financial position. The counterparties to such contracts are major banking and financial institutions. Credit risk exists to the extent that the counter parties are unable to perform under the contracts but this risk is considered remote as the counter parties are usually well established banks or other well renowned institutions in the market As of December 31, 2017 and December 31, 2016, we had outstanding bunker swap agreements for about 36.0 thousand metric tonnes and 3.6 thousand metric tonnes, respectively. Losses on bunker derivatives are recorded in "Gain (loss) on derivatives" in the consolidated statement of operations. Foreign currency risk The majority of our transactions, assets and liabilities are denominated in United States dollars, our functional currency. However, we incur expenditure in currencies other than the functional currency, mainly in Norwegian Kroner and Singapore Dollars. There is a risk that currency fluctuations in transactions incurred in currencies other than the functional currency will have a negative effect of the value of our cash flows. We are then exposed to currency fluctuations and we may enter into foreign currency swaps to mitigate such risk exposures. The counterparties to such contracts are major banking and financial institutions. Credit risk exists to the extent that the counter parties are unable to perform under the contracts but this risk is considered remote as the counter parties are well established banks. As of December 31, 2017 and December 31, 2016, we had contracts to swap USD to NOK for a notional amount of $7.0 million and $7.2 million , respectively. Changes in the fair value of foreign currency swaps are recorded in "Gain (loss) on derivatives" in the consolidated statement of operations. Fair values The guidance for fair value measurements applies to all assets and liabilities that are being measured and reported on a fair value basis. This guidance enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The same guidance requires that assets and liabilities carried at fair value should be classified and disclosed in one of the following three categories based on the inputs used to determine its fair value: Level 1: Quoted market prices in active markets for identical assets or liabilities; Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data; Level 3: Unobservable inputs that are not corroborated by market data. In addition, ASC 815, “ Derivatives and Hedging ” requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the statement of financial position. The carrying value and estimated fair value of our financial instruments at December 31, 2017 and December 31, 2016 are as follows: 2017 2017 2016 2016 (in thousands of $) Fair Value Carrying Value Fair Value Carrying Value Assets Cash and cash equivalents 309,029 309,029 212,942 212,942 Restricted cash 62,955 62,955 54,112 54,112 Marketable securities 16,300 16,300 6,524 6,524 Derivative assets 3,748 3,748 1,594 1,594 Liabilities Long term debt - floating 1,069,538 1,069,538 886,468 886,468 Long term debt - convertible bond 195,000 178,856 162,122 177,300 Long term debt - sellers credit 44,000 44,000 — — Derivative liabilities 2,293 2,293 1,990 1,990 The fair value hierarchy of our financial instruments is as follows: (in thousands of $) 2017 Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents 309,029 309,029 — — Restricted cash 62,955 62,955 — — Marketable securities 16,300 16,300 — — Derivative assets 3,748 — 3,748 — Liabilities Long term debt - floating 1,069,538 — 1,069,538 — Long term debt - convertible bond 195,000 — 195,000 — Long term debt - sellers credit 44,000 — 44,000 — Derivative liabilities 2,293 — 2,293 — (in thousands of $) 2016 Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents 212,942 212,942 — — Restricted cash 54,112 54,112 — — Marketable securities 6,524 6,524 — — Derivative assets 1,594 — 1,594 — Liabilities Long term debt - floating 886,468 — 886,468 — Long term debt - convertible bond 162,122 — 162,122 — Derivative liabilities 1,990 — 1,990 — There have been no transfers between different levels in the fair value hierarchy in 2017 and 2016 . The following methods and assumptions were used to estimate the fair value of each class of financial instrument: • The carrying value of cash and cash equivalents, which are highly liquid, approximate fair value. • Restricted cash and investments – the balances relate entirely to restricted cash and the carrying values in the balance sheet approximate their fair value. • Floating rate debt - the carrying value in the balance sheet approximates the fair value since it bears a variable interest rate, which is reset on a quarterly basis. • Convertible bond – quoted market prices are not available, however the bonds are traded "over the counter" and the fair value of bonds is based on the market price on offer at the year end. • Sellers credit - the carrying value in the balance sheet approximates the fair value since it bears a variable interest rate, which is reset on a quarterly basis. • Marketable securities - are listed equity securities for which the fair value is based on quoted market prices. • Derivatives - are based on the present value of the estimated future cash flows that we would receive or pay to terminate the agreements at the balance sheet date. Assets Measured at Fair Value on a Nonrecurring Basis Refer to Note 4 for a summary of the estimated fair values of the assets acquired and liabilities assumed as a result of the Merger. During the year ended December 31, 2017, the following assets were measured at fair value on a nonrecurring basis: • The value of six Ultramax vessels classified as held for sale in the third quarter of 2017, was measured at fair value. The fair value was based on level three inputs and the expected market values based on sales agreements. During the year ended December 31, 2016, the following assets were measured at fair value on a nonrecurring basis: • The investment in Golden Opus Inc. was measured at fair value based on level three inputs, and the expected market values of the underlying assets and liabilities. • The Golden Lyderhorn, a vessel held under capital lease was measured at fair value based on level three inputs, and was determined using discounted expected future cash flows for the vessel. • The other long term asset acquired on completion of the Merger was measured at fair value based on level three inputs, and the estimated recoverable principal amount from the counterparty. Assets Measured at Fair Value on a Recurring Basis Marketable securities are listed equity securities considered to be available-for-sale securities for which the fair value as at the balance sheet date is their aggregate market value based on quoted market prices (level 1) for the investment in a company listed on a U.S. stock exchange and level two for the investment in the company listed on the Norwegian 'over the counter' market. The fair value (level 2) of interest rate, currency swap and bunker swap agreements is the present value of the estimated future cash flows that we would receive or pay to terminate the agreements at the balance sheet date, taking into account, as applicable, fixed interest rates on interest rate swaps, current interest rates, forward rate curves, current and future bunker prices and the credit worthiness of both us and the derivative counterparty. Concentrations of risk There is a concentration of credit risk with respect to cash and cash equivalents to the extent that substantially all of the amounts are carried with Skandinaviska Enskilda Banken, DnB and Nordea Bank Norge ASA. However, we believe this risk is remote, as these financial institutions are established and reputable establishments with no prior history of default. We do not require collateral or other security to support financial instruments subject to credit risk.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company insures the legal liability risks for our shipping activities with Assuranceforeningen SKULD and Assuranceforeningen Gard Gjensidig, both mutual protection and indemnity associations. We are subject to calls payable to the associations based on our claims record in addition to the claims records of all other members of the associations. A contingent liability exists to the extent that the claims records of the members of the associations in the aggregate show significant deterioration, which result in additional calls on the members. We have one vessel held under capital lease, the Golden Eclipse, that was sold by the Former Golden Ocean in 2008 and leased back for a period of ten years . We have the right to purchase the vessel at the dates and amounts as disclosed in Note 16. We sold eight vessels to Ship Finance in the third quarter of 2015 and leased them back on charters for an initial period of ten years . We have a purchase option of $112 million en-bloc after ten years and, if such option is not exercised, Ship Finance will have the option to extend the charters by three years at $14,900 per day. As of December 31, 2017, we had five vessels under construction. The outstanding commitments for the five newbuildings amounted to $144.6 million with contractual payments due in 2018. With reference to Note 32, in January and February 2018, the Company took delivery of the remaining five newbuildings and paid $144.6 million in final installments. I n October 2017, we agreed to acquire two Capesize vessels from affiliates of Hemen. As of December 31, 2017, we had commitments to take delivery of the remaining one vessel. The agreed purchase price for the vessel was $43.0 million . As settlement of the purchase price, we agreed to enter into a seller's credit loan with an affiliate of Hemen for $21.5 million . The remaining part of the purchase price was to be settled with $4.5 million of cash and 2,000,000 of newly-issued common shares of the Company. Refer to Note 32 for the delivery of the second vessel. In 2016, we received 2.4 million in respect of claims for unpaid charter hire owed under bareboat charters of the VLCCs Titan Venus and Mayfair . The receipt was recorded as bareboat charter revenue as it related to services previously rendered under such terms. This amount was received as full and final settlement for the claims. In 2016, we received a final arbitration award relating to a time charter party entered into in March 2006. The claimants were awarded approximately $9.8 million in total. The claim itself was an unsafe port allegation which falls under our protection and indemnity insurance and will be covered by our insurance company. In January 2018, a final settlement agreement was made between the parties involved, and we received $0.2 million as compensation for agreed off-hire and reimbursement of costs. Except as described above, to the best of our knowledge, there are no legal or arbitration proceedings existing or pending which have had or may have significant effects on our financial position or profitability and no such proceedings are pending or known to be contemplated.

SUPPLEMENTAL INFORMATION

SUPPLEMENTAL INFORMATION	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUPPLEMENTAL INFORMATION	SUPPLEMENTAL INFORMATION In March 2017, we entered into an agreement with Quintana to acquire 14 vessels. As consideration, we issued an aggregate of 14.5 million common shares to Quintana and assumed the vessels' corresponding debt of approximately $262.7 million . The aggregate of 14.5 million common shares issued in consideration for the acquired vessels were issued gradually upon delivery of each of the vessels. All vessels were delivered in 2017. In March 2017, we also entered into an agreement with affiliates of Hemen to acquire two Panamax vessels. As consideration, we issued an aggregate of 3.3 million common shares to Hemen and assumed seller's credits of an aggregate of $22.5 million with an affiliate of Hemen. The aggregate of 3.3 million common shares issued in consideration for the acquired vessels were issued gradually upon delivery of each of the vessels. The two vessels were delivered in 2017. In October 2017, we agreed to acquire two Capesize vessels from affiliates of Hemen at an aggregated purchase price of $86.0 million . As settlement of the purchase price for each vessel, we entered into a seller's credit loan with an affiliate of Hemen for 50% of the purchase price of each vessel. The remaining part of the purchase price was to be settled with an aggregate of $9.0 million of cash and 4,000,000 of newly-issued common shares of the Company; 2,000,000 shares was to be issued upon the delivery of each vessel. In November 2017, one of the vessels was delivered to us and 2,000,000 shares were issued, a seller's credit of $21.5 million assumed and $4.5 million in cash was paid to satisfy the purchase price. Refer to Note 32 for the delivery of the second vessel.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS In January 2018, we took delivery of the Golden Monterrey , a vessel acquired from affiliates of Hemen, and issued 2,000,000 common shares to Hemen to satisfy the purchase price. We also assumed a $21.5 million seller's credit and paid $4.5 million in cash as part of the consideration for the vessel. In January and February 2018, we took delivery of our remaining five newbuildings and paid $144.6 million in final installments. An aggregate of $150.0 million was drawn in debt in relation to the deliveries. In February 2018, our Board of Directors declared a cash dividend to our shareholders of $0.10 per share. In February 2018, we bought $9.4 million notional in our 3.07% convertible bond at a price of 97.725% of par value. After the purchase, we hold $18.8 million notional representing 9.4% in the convertible bond. In March 2018, we issued 50,000 shares in the Company in relation to our 2016 share option plan.

SUMMARY OF SIGNIFICANT ACCOUN40

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America. The consolidated financial statements include the assets and liabilities of us and our wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation.
Business combinations	Business combinations We accounted for our acquisition of the Former Golden Ocean on March 31, 2015 as a business combination and have measured the identifiable assets acquired and the liabilities assumed at their acquisition date fair values. The consideration transferred has been measured at fair value based on the closing price of our shares on the date of acquisition and the fair value of the vested share options in the Former Golden Ocean. The surplus of the fair value of the net assets acquired over the fair value of the consideration transferred is recognized as a bargain purchase gain. Acquisition related costs are expensed as incurred.
Use of estimates	Use of estimates The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles requires us to make estimates and assumptions that affect the amounts reported in our financial statements and accompanying notes. Such estimates and assumptions impact, among others, the following: impairment of assets and other than temporary impairments of uncollectible securities, the amount of uncollectible accounts and accounts receivable, the amount to be paid for certain liabilities, including contingent liabilities, the amount of costs to be capitalized in connection with the construction of our newbuildings and the lives of our vessels. Actual results could differ from those estimates.
Fair values	Fair values We have determined the estimated fair value amounts presented in these consolidated financial statements using available market information and appropriate methodologies. However, considerable judgment is required in interpreting market data to develop the estimates of fair value. The estimates presented in these consolidated financial statements are not necessarily indicative of the amounts that we could realize in a current market exchange. Estimating the fair value of assets acquired and liabilities assumed in a business combination requires the use of estimates and significant judgments, among others, the following: the market assumptions used when valuing acquired time charter contracts, the expected revenues earned by vessels held under capital lease and the operating costs (including dry docking costs) of those vessels and the discount rate used in cash flow based valuations, The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.
Reporting and functional currency and Foreign currency	Reporting and functional currency Our functional currency is the United States dollar as all revenues are received in United States dollars and a majority of our expenditures are made in United States dollars. We and our subsidiaries report in United States dollars. Foreign currency Transactions in foreign currencies during the year are translated into United States dollars at the rates of exchange in effect at the date of the transaction. Foreign currency monetary assets and liabilities are translated using rates of exchange at the balance sheet date. Foreign currency non-monetary assets and liabilities are translated using historical rates of exchange. Foreign currency transaction gains or losses are included in the consolidated statements of operations.
Revenue and expense recognition	Revenue and expense recognition Revenues and expenses are recognized on the accruals basis. Revenues are generated from voyage charters and time charters. Voyage revenues are recognized ratably over the estimated length of each voyage and, therefore, are allocated between reporting periods based on the relative transit time in each period. Voyage expenses are recognized as incurred. Probable losses on voyages are provided for in full at the time such losses can be estimated. Time charter and bareboat charter revenues are recorded over the term of the charter as a service is provided. When a time charter contract is linked to an index, we recognize revenue for the applicable period based on the actual index for that period. We use a discharge-to-discharge basis in determining percentage of completion for all voyage charters whereby we recognize revenue ratably from when product is discharged (unloaded) at the end of one voyage to when it is discharged after the next voyage. However, we did not recognize revenue if a charter was not contractually committed to by a customer and us, even if the vessel discharged its cargo and was sailing to the anticipated load port on its next voyage. Revenues generated through revenue sharing agreements are presented gross when the Company is the primary obligor under the charter parties. Demurrage is a form of damages for breaching the period allowed to load and unload cargo in a voyage charter, or the laytime, and is recognized as income according to the terms of the voyage charter contract when the charterer remains in possession of the vessel after the agreed laytime. Claims for unpaid charter hire and damages for early termination of time charters or bareboat charters are recorded upon receipt of cash when collectability is not reasonably assured. Such amounts related to services previously rendered are recorded as time charter or bareboat charter revenue. Amounts in excess of services previously rendered are classified as other operating income. Net income as a result of our revenue sharing agreements is presented as other operating income, net.
Charterhire expense and Contingent rental expense (income)	Charterhire expense Charter hire expense is charged to the consolidated statement of operations on a straight-line basis over the lease term. Contingent rental expense (income) Any contingent elements of rental expense (income), such as profit share or interest rate adjustments, are recognized when the contingent conditions have materialized.
Gain (loss) on sale of assets and amortization of deferred gains	Gain (loss) on sale of assets and amortization of deferred gains Gain (loss) on sale of assets and amortization of deferred gains include losses from the sale of vessels and the amortization of deferred gains. Gains (losses) from the sale of assets are recognized when the vessel has been delivered and all risks have been transferred and are determined by comparing the proceeds received with the carrying value of the vessel. A deferred gain arises when we enter into a sale-leaseback transaction regarding a vessel and we do not relinquish the right to substantially all of the remaining use of the vessel. This deferred gain will be amortized in proportion to the gross rental payments over the minimum term of the lease.
Drydocking	Drydocking Normal vessel repair and maintenance costs are expensed when incurred. We recognize the cost of a drydocking at the time the drydocking takes place, that is, it applies the "expense as incurred" method.
Impairment of vessels and newbuildings	Impairment of vessels and newbuildings The carrying values of our long-lived assets and newbuildings under construction are reviewed for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. Such indicators may include depressed spot rates and depressed second hand vessel values. We assess recoverability of the carrying value of each asset or newbuilding on an individual basis by estimating the future undiscounted cash flows expected to result from the asset, including any remaining construction costs for newbuildings, and eventual disposal. If the future net undiscounted cash flows are less than the carrying value of the asset, or the current carrying value plus future newbuilding commitments, an impairment loss is recorded equal to the difference between the asset's or newbuildings carrying value and fair value. In addition, long-lived assets to be disposed of are reported at the lower of carrying amount and fair value less estimated costs to sell. Fair value is estimated based on values achieved for the sale/purchase of similar vessels and appraised valuations. In addition, vessels to be disposed of by sale are reported at the lower of their carrying amount or fair value less estimated costs to sell.
Interest expense	Interest expense Interest costs are expensed as incurred except for interest costs that are capitalized. Interest expenses are capitalized during construction of newbuildings based on accumulated expenditures for the applicable project at our current rate of borrowing. The capitalization of interest expenses ceases when the newbuilding is considered substantially completed. The amount of interest expense capitalized in an accounting period shall be determined by applying an interest rate (the "capitalization rate") to the average amount of accumulated expenditures for the asset during the period. The capitalization rates used in an accounting period are based on the rates applicable to borrowings outstanding during the period. We do not capitalize amounts beyond the actual interest expense incurred in the period.
Earnings per share	Earnings per share Basic earnings per share is computed based on the income available to common stockholders and the weighted average number of shares outstanding. Diluted earnings per share includes the effect of the assumed conversion of potentially dilutive instruments.
Cash and cash equivalents	Cash and cash equivalents All demand and time deposits and highly liquid, low risk investments with original maturities of three months or less at the date of purchase are considered equivalent to cash.
Restricted cash	Restricted cash Restricted cash comprises collateral deposits for derivative trading, and the minimum balance that must be maintained at all times in accordance with our loan agreements with various banks.
Marketable securities	Marketable securities Our marketable securities are considered to be available-for-sale securities and as such are carried at fair value. Any resulting unrealized gains and losses are recorded as a separate component of other comprehensive income in equity unless the securities are considered to be other than temporarily impaired, in which case unrealized losses are recorded in the consolidated statement of operations as impairment loss on marketable securities. The cost of available for sale securities is calculated on an average cost basis.
Derivatives	Derivatives Our derivative instruments include interest-rate swap agreements, foreign currency swaps, forward freight agreements and bunker hedges. These derivatives are considered to be economic hedges. However, none of these derivative instruments have been designated as hedges for accounting purposes. These transactions involve the conversion of floating rates into fixed rates over the life of the transactions without changes in the fair values are recognized as assets or liabilities. Changes in the fair value of these derivatives are recorded in Gain (loss) on derivatives in our consolidated statement of operations. Cash outflows and inflows resulting from economic derivative contracts are presented as cash flows from operations in the consolidated statement of cash flows.
Financial instruments	Financial instruments In determining the fair value of our financial instruments, we use a variety of methods and assumptions that are based on market conditions and risks, including determining the impact of nonperformance risks, existing at each balance sheet date. For the majority of financial instruments, including most derivatives and long-term debt, standard market conventions and techniques such as options pricing models are used to determine fair value. All methods of assessing fair value result in a general approximation of value, and such value may never actually be realized.
Receivables	Receivables Trade receivables, other receivables and long term receivables are presented net of allowances for doubtful balances. If trade accounts receivable become uncollectible, they are charged as an operating expense. Losses from uncollectible receivables are accrued when collection of the invoiced revenues is not assured. We make a judgment with regards to whether or not this should be recognized as income and if collection is not reasonably assured, no revenue will be recognized until cash has been received. These conditions are considered in relation to individual receivables or in relation to groups of similar types of receivables. Interest income on interest bearing receivables is recognized on an accrual basis using prevailing contractual interest rates.
Losses from uncollectable receivables	Receivables Trade receivables, other receivables and long term receivables are presented net of allowances for doubtful balances. If trade accounts receivable become uncollectible, they are charged as an operating expense. Losses from uncollectible receivables are accrued when collection of the invoiced revenues is not assured. We make a judgment with regards to whether or not this should be recognized as income and if collection is not reasonably assured, no revenue will be recognized until cash has been received. These conditions are considered in relation to individual receivables or in relation to groups of similar types of receivables. Interest income on interest bearing receivables is recognized on an accrual basis using prevailing contractual interest rates.
Inventories	Inventories Inventories, which are comprised principally of fuel and lubricating oils, are stated at the lower of cost and net realizable value. Cost is determined on a first-in, first-out basis.
Vessels and depreciation	Vessels and depreciation Vessels are stated at cost less accumulated depreciation. Depreciation is calculated based on cost less estimated residual value, using the straight-line method, over the useful life of each vessel. The useful life of each vessel is deemed to be 25 years. The residual value is calculated by multiplying the lightweight tonnage of the vessel by the market price of scrap per tonne. The market price of scrap per tonne is calculated as the 10 year historical average up to the date we take ownership of the vessel, across the three main recycling markets (Far East, Indian sub-continent and Bangladesh). Residual values are reviewed annually.
Vessels and equipment under capital lease	Vessels and equipment under capital lease We charter in certain vessels and equipment under leasing agreements. Leases of vessels and equipment, where we have substantially all the risks and rewards of ownership, are classified as capital leases. Each lease payment is allocated between liability and finance charges to achieve a constant rate on the capital balance outstanding. The interest element of the capital cost is charged to the Consolidated Statement of Operations over the lease period. Our one outstanding capital lease was acquired as a result of the Merger and recorded at fair value. Depreciation of vessels and equipment under capital lease is included within "Depreciation" in the consolidated statement of operations. Vessels and equipment under capital lease are depreciated on a straight-line basis over the vessels' remaining economic useful lives or on a straight-line basis over the term of the lease. The method applied is determined by the criteria by which the lease has been assessed to be a capital lease.
Newbuildings	Newbuildings The carrying value of the vessels under construction ("Newbuildings") represents the accumulated costs to the balance sheet date which we have had to pay by way of purchase installments and other capital expenditures together with capitalized interest and associated finance costs. No charge for depreciation is made until the vessel is available for use.
Value of long term charter contracts	Value of long term charter contracts We account for the fair value of acquired long term charter contracts, as either a separate asset or liability. The fair value is calculated as the net present value of the difference in cash flows arising over the period of the contract when the expected cash flows from the contract are compared to expected cash flows from comparable contracts at the acquisition date. An asset is recorded for contracts, which are favorable to us and a liability has been recorded for contracts, which are unfavorable to us. The amortization of time charter out contracts is recorded and presented under time charter revenues and the amortization of time charter in contracts is amortized and presented under charter hire expenses in the consolidated statement of operations.
Equity method investments	Equity method investments Investments in companies over which we have the ability to exercise significant influence but do not control are accounted for using the equity method. We record our investments in equity-method investees in the consolidated balance sheets as "Investment in associated companies" and our share of the investees' earnings or losses in the consolidated statements of operations as "Share in results of associated companies". The excess, if any, of purchase price over book value of our investments in equity method investees is included in the accompanying consolidated balance sheets in "Investment in associated companies". The carrying values of equity method investments are reviewed for potential impairment whenever events or changes in circumstances indicate that the carrying amount of the investment may no longer be recoverable. Such indicators may include depressed spot rates and depressed second hand vessel values. We assess recoverability of the carrying value of each individual equity method investments by estimating the fair value of the net assets of the company. An impairment loss is recorded equal to the difference between the investments carrying value and fair value. Fair value of investment is estimated based on values achieved for the sale/purchase of similar vessels and appraised valuations of the investments underlying assets.
Debt	Borrowings - loan amendments Short term obligations that we intend to refinance on a long term basis when the intent to refinance is supported by the ability to consummate the refinancing, are classified as long term liabilities at the balance sheet date. This is demonstrated by either a post balance sheet issuance of a long term obligation before the balance sheet is issued or when we enter into a financing agreement which clearly permits us to refinance the obligation on a long term basis, on terms that are readily determinable. If the Company enters into a financing agreement, the agreement must not expire within one year of the balance sheet date, no violations of any provisions of the financing agreement should have occurred at the balance sheet date or before the balance sheet is issued and the prospective lender or investor who has entered into the financing agreement should be to be financially capable of honoring the agreement. Convertible bond In January 2014, the Former Golden Ocean issued a $200 million convertible bond, which we assumed at the time of the Merger. It includes a loan component and an option to convert the loan to shares, which has not been bifurcated from the loan component and accounted for separately as it is indexed to our shares and would be classified as shareholders equity if it were a free standing derivative. The fair value of the convertible bond was determined to be $161.2 million at the time of the Merger based on the quoted price of 80.6% . The difference of $38.8 million is being amortized over the remaining life of the bond, and recorded as interest expense.
Deferred charges	Deferred charges Loan costs, including debt arrangement fees, are capitalized and amortized on a straight-line basis over the term of the relevant loan. The straight line basis of amortization approximates the effective interest method. If a loan is repaid early, any unamortized portion of the related deferred charges is charged against income in the period in which the loan is repaid. Amortization of deferred charges is included in interest expense, and prior year's numbers in 2016 and 2015 have been revised to conform with current presentation. In 2016 and 2015, $1.3 million and $0.1 million , respectively, was previously included in other financial items and have been reclassified to interest expense. Debt issuance costs are presented in the balance sheet as a direct deduction from the carrying amount of the related debt.
Distributions to shareholders	Distributions to shareholders Distributions to shareholders are applied first to retained earnings. When retained earnings are not sufficient, distributions are applied to the contributed capital surplus account.
Share-based compensation	Stock-based compensation Share Options Scheme Stock based compensation represents the cost of vested and non-vested shares and share options granted to employees and to directors, for their services, and is included in “General and administrative expenses” in the consolidated statements of operations. The fair value of share options grants is determined with reference to option pricing models, and depends on the terms of the granted options. The fair value is recognized (generally as compensation expense) over the requisite service period for all awards that vest based on the ’straight-line method’ which treats such awards as a single award and results in recognition of the cost ratably over the entire vesting period. Restricted Stock Units (RSUs) We account for 50% of the RSUs issued to the directors as equity classified awards and we account for the remaining 50% as liability classified awards. We account for the RSUs issued to the management companies as liability classified awards. The fair value of an equity instrument issued to a non-employee is measured by using the stock price and other measurement assumptions as of the date at which either (i) a commitment for performance by the counterparty has been reached; or (ii) the counterparty's performance is complete. This criterion is not considered to be met in the absence of considerable evidence, and liability accounting is applied with a re-measurement at each period end date. We have obtained a right to receive future services in exchange for unvested, forfeitable equity instruments, and the fair value of the equity instruments does not create equity until the future services are received (i.e. the instruments are not considered issued until they vest). We expense the fair value of RSUs issued to employees on a straight line basis over the period the awards vest.
Transactions subject to common control and affect of acquisition from shareholder	Transactions subject to common control and effect of acquisition from shareholder The acquisition of 12 special purpose companies, each owning one newbuilding contract, from Frontline 2012 in March 2015 is recorded at historical carrying values as the transaction was determined to be between entities under common control and the difference of $59.7 million between the aggregate consideration paid by us and the historical carrying values recognized by Frontline 2012 has been recorded as additional contributed capital surplus.
Other comprehensive income	Other comprehensive income/(loss): The statement of other comprehensive income/(loss) presents the change in equity (net assets) during a period from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a period except those resulting from investments by shareholders and distributions to shareholders. Reclassification adjustments are presented out of accumulated other comprehensive income/(loss) on the face of the statement in which the components of other comprehensive income/(loss) are presented or in the notes to the financial statements. The Company follows the provisions of ASC 220 “Comprehensive Income”, and presents items of net income/(loss), items of other comprehensive income/(loss) (“OCI”) and total comprehensive income/(loss) in two separate and consecutive statements.
Recently Issued Accounting Standards	RECENTLY ISSUED ACCOUNTING STANDARDS Accounting Standards Updates, not yet adopted In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle is that a company should recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. This update establishes a five-step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. We have concluded that, under ASC 606, voyage charter revenue will continue to be recognized over time, however the period over which it is recognized will change from discharge-to-discharge to load-to-discharge.We believe that performance obligations under a voyage charter begin to be met from the point at which a cargo is loaded until the point at which a cargo is discharged. While this represents a change in the period over which revenue is recognized, the total voyage results recognized over all periods would not change, however, each period’s voyage results could differ materially from the same period’s voyage results recognized based on the present revenue recognition guidance. We expect to recognize an increase in the retained deficit of approximately $10 million on January 1, 2018 related to the timing of revenue recognition based on the change to the load-to-discharge method. The new guidance also specifies revised treatment for certain contract related costs, being either incremental costs to obtain a contract, or cost to fulfill a contract. Under the new guidance, an entity shall recognize as an asset the incremental costs of obtaining a contract with a customer if the entity expects to recover those costs. The guidance also provides a practical expedient whereby an entity may recognize the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that the entity otherwise would have recognized is one year or less. Cost to fulfill a contract must be capitalized if they meet certain criteria. We are in the process of assessing the impact of this change on its consolidated financial statements. We have elected to apply the modified retrospective approach. Upon adoption, we will recognize the cumulative effect of adopting this guidance as an adjustment to its opening balance of retained earnings as of January 1, 2018. Prior periods will not be retrospectively adjusted. In January 2016, the FASB issued ASU 2016-01 Financial instruments - Overall (Subtopic 825-10) - Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments in this update require all equity investments to be measured at fair value with changes in the fair value recognized through net income (other than those accounted for under equity method of accounting or those that result in consolidation of the investee). The amendments in this update also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. In addition, the amendments in this update eliminate the requirement to disclose the fair value of financial instruments measured at amortized cost for entities that are not public business entities and the requirement for to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet for public business entities. The amendments in this update will affect us for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Upon adoption of the standard, we expect that the standard may impact how we present the change in the fair value of our marketable securities in our consolidated statements of operations. As of December 31, 2017, our marketable securities had an unrealized gain of $5.3 million classified under other comprehensive income. In February 2016, the FASB issued ASU No. 2016-02, Leases (ASC 842), which requires lessees to recognize most leases on the balance sheet. This is expected to increase both reported assets and liabilities. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2018, although early adoption is permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method. The requirements of this standard include a significant increase in required disclosures. Management is analyzing the impact of the adoption of this guidance on the Company’s consolidated financial statements, including assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting. Management expects that we will recognize increases in reported amounts for property, plant and equipment and related lease liabilities upon adoption of the new standard. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which revises guidance for the accounting for credit losses on financial instruments within its scope. The new standard introduces an approach, based on expected losses, to estimate credit losses on certain types of financial instruments and modifies the impairment model for available-for-sale debt securities. The guidance will be effective January 1, 2020, with early adoption permitted. Entities are required to apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. We are in the process of evaluating the impact of this standard update on our consolidated financial statements and related disclosures. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting. The update provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The amendments in this Update are effective for the Company for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. The amendments in this Update should be applied prospectively to an award modified on or after the adoption date. We do not expect the adoption of ASU 2017-01 to have a material impact on our consolidated financial statements and related disclosures. In August 2016, the FASB issued ASU No. 2016-15, Statement of cash flows (Topic 230): Classification of certain cash receipts and cash payments. This ASU addresses the following eight specific cash flow issues: Debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (COLIs) (including bank-owned life insurance policies (BOLIs)); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. The amendments in this Update are effective for the Company for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The amendments in this Update should be applied using a retrospective transition method to each period presented. If it is impracticable to apply the amendments retrospectively for some of the issues, the amendments for those issues would be applied prospectively as of the earliest date practicable. Other than presentation, we do not expect the adoption of this standard to have a material impact on our consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18, Statement of cash flows (Topic 230): Restricted Cash. The new standard requires that the statement of cash flows explains the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The amendments in this Update are effective for the Company for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The amendments in this Update should be applied using a retrospective transition method to each period presented. Upon adoption of the standard, we expect restricted cash being reclassified as a component of cash, cash equivalents and restricted cash in the Consolidated Statements of Cash Flows. As of December 31, 2017 we have $63.0 million in restricted cash. Accounting Standards Updates, recently adopted In July 2015, the FASB issued ASU 2015-11-Inventory (Topic 330)-Simplifying the Measurement of Inventory, which applies to inventory that is measured using first-in, first-out (FIFO) or average cost. An entity should measure inventory within the scope of this update at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments in this update more closely align the measurement of inventory in GAAP with the measurement of inventory in IFRS. The adoption of ASU 2015-11 has not had a material impact on our consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU 2016-07, Investments-Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting. The update eliminates the requirement that an investor retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for use of the equity method. The adoption of ASU 2016-07 has not had a material impact on our consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The update simplifies the accounting for share based payment transactions. The adoption of ASU 2016-09 has not had a material impact on our consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU 2017- 01 Business Combinations (Topic 805): Clarifying the Definition of a Business. The update introduces a screen to determine when an integrated set of assets and activities does not constitute a business. As under the screening mechanisms of the update, future transactions in relation to an integrated set of assets and activities are more likely to qualify as asset acquisitions as opposed to business combinations. The adoption of ASU 2017-01 has not had a material impact on our consolidated financial statements and related disclosures.

MERGER WITH THE FORMER GOLDEN41

MERGER WITH THE FORMER GOLDEN OCEAN (Tables)	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Schedule of Purchase Price Consideration	The value of the consideration paid was calculated as follows: (in thousands of $) Fair value of shares issued 307,220 Fair value of vested stock options in the Former Golden Ocean 926 Total value of consideration 308,146
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following represents the calculation of the bargain purchase gain arising on consolidation based on management's final allocation of the total purchase price to the assets acquired and liabilities assumed: (in thousands of $) Assets Cash and cash equivalents 129,084 Restricted cash 2,448 Marketable securities 5,779 Other current assets 78,457 Favorable contracts 30,417 Current assets 246,185 Restricted cash 31,552 Newbuildings 12,030 Vessels, net 632,997 Vessels under capital lease, net 14,029 Investment in associated companies 11,346 Favorable contracts 96,673 Other non current assets 9,116 Total assets 1,053,928 Liabilities Current portion of long term debt 39,395 Current portion of capital lease obligations 7,032 Other current liabilities 28,180 Unfavorable contracts 1,567 Current liabilities 76,174 Long term debt 391,717 Convertible bond debt 161,200 Long term capital lease obligations 31,405 Other long term liabilities 434 Unfavorable contracts 5,976 Total liabilities 666,906 Fair value of net assets acquired and liabilities assumed 387,022 Total value of consideration 308,146 Bargain purchase gain arising on consolidation 78,876
Schedule of Pro Forma Information	The following unaudited pro forma financial information presents the combined results of operations of the Company and the Former Golden Ocean as if the Merger had occurred as of the beginning of 2015. The pro forma financial information is not intended to represent or be indicative of the consolidated results of operations or financial condition of the Company that would have been reported had the acquisition been completed as of the dates presented, and should not be taken as representative of the future consolidated results of operations or financial condition of the Company. (in thousands $, except per share data) 2015 Total operating revenues 225,013 Net (loss) income from continuing operations (318,975 ) Loss from discontinued operations — Net (loss) income (318,975 ) Basic and diluted earnings per share: Basic and diluted (loss) earnings per share from continuing operations $ (1.85 ) Basic and diluted loss per share from discontinued operations $ — Basic and diluted (loss) earnings per share $ (1.85 )

EARNING PER SHARE (Tables)

EARNING PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The components of the numerator and the denominator in the calculation of basic and diluted earnings per share are as follows: (in thousands of $) 2017 2016 2015 Net (loss) income (2,348 ) (127,711 ) (220,839 ) (in thousands) 2017 2016 2015 Weighted average number of shares outstanding - basic 125,019 95,238 30,243 Impact of restricted stock units — 8 27 Weighted average number of shares outstanding - diluted 125,019 95,246 30,270

GAIN (LOSS) ON SALE OF ASSETS43

GAIN (LOSS) ON SALE OF ASSETS AND AMORTIZATION OF DEFERRED GAINS (Tables)	12 Months Ended
	Dec. 31, 2017
Gain/(Loss) on sale of assets and deferred gains [Abstract]
Gain (loss) on sale of assets and deferred gains	(in thousands of $) 2017 2016 2015 Net gain (loss) on sale of vessels (570 ) 72 (2,062 ) (Loss) on sale of newbuilding contracts — — (8,858 ) Amortization of deferred gains 258 228 132 (312 ) 300 (10,788 )

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	The future minimum operating lease expense payments under our non-cancelable operating leases as of December 31, 2017 are as follows: (in thousands of $) 2018 37,008 2019 35,369 2020 35,474 2021 35,066 2022 32,043 Thereafter 137,162 312,122 The future minimum operating lease revenue receipts under our non-cancelable fixed rate operating leases as of December 31, 2017 are as follows: (in thousands of $) 2018 57,494 2019 35,785 2020 23,166 2021 8,370 2022 — Thereafter — 124,815
Schedule of Charter Hire Expense Under Operating Leases	During 2017 , 2016 and 2015 , the charter hire expense under operating leases, net of amortization of unfavorable time charter contracts-in were as follows: (in thousands of $) 2017 2016 2015 Charter hire expenses, operating leases 71,345 54,365 32,118 Amortization of unfavorable time charter contracts-in (672 ) (674 ) (1,399 ) Charterhire expenses 70,673 53,691 30,719

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2017
Marketable Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation	Our marketable securities are equity securities considered to be available-for-sale securities. (in thousands of $) 2017 2016 Balance at start of year 6,524 14,615 Disposals during the year — (328 ) Additions during the year 6,740 — Unrealized gain (loss), net 3,036 (7,763 ) Balance at end of year 16,300 6,524

TRADE ACCOUNTS RECEIVABLE, NET

TRADE ACCOUNTS RECEIVABLE, NET (Tables)	12 Months Ended
	Dec. 31, 2017
TRADE ACCOUNTS RECEIVABLE, NET [Abstract]
Schedule of Changes in Allowance For Doubtful Accounts	Movements in the provision for doubtful accounts in the three years ended December 31, 2017 are summarized as follows: (in thousands of $) Balance at December 31, 2014 7,434 Additions charged to income 512 Balance at December 31, 2015 7,946 Additions charged to income 199 Deductions credited to trade receivables (7,193 ) Balance at December 31, 2016 952 Additions charged to income 462 Deductions credited to trade receivables (768 ) Balance at December 31, 2017 646

OTHER RECEIVABLES (Tables)

OTHER RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2017
Other Receivables [Abstract]
Other receivables	(in thousands of $) 2017 2016 Agent receivables 4,794 2,070 Advances 664 486 Claims receivables 1,819 420 Other receivables 18,160 8,011 25,437 10,987

VALUE OF CHARTER PARTY CONTRA48

VALUE OF CHARTER PARTY CONTRACTS (Tables)	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Value of favorable charter party contracts	The value of charter-out contracts is summarized as follows: (in thousands of $) 2017 2016 2015 Opening balance 76,099 103,376 — Acquired as a result of the Merger — — 127,090 Acquired time charter contracts from Quintana (3,080 ) — — Amortization charge (19,333 ) (27,277 ) (23,714 ) Total 53,686 76,099 103,376 Less: current portion (18,732 ) (22,413 ) (28,829 ) Non-current portion 34,954 53,686 74,547
Schedule of amortization of favorable charter party contracts	The value of charter-out contracts will be amortized as follows: (in thousands of $) 2018 18,732 2019 18,732 2020 12,148 2021 4,074 2022 — Thereafter — 53,686
Value of unfavorable charter party contracts	The value of charter-in contracts is summarized as follows: (in thousands of $) 2017 2016 2015 Opening balance 5,470 6,144 — Acquired as a result of the Merger — — 7,543 Amortization charge (672 ) (674 ) (1,399 ) Total 4,798 5,470 6,144 Less: current portion (672 ) (672 ) (674 ) Non-current portion 4,126 4,798 5,470
Schedule of amortization of unfavorable charter party contracts	The value of unfavorable charter-in contracts will be amortized as follows: (in thousands of $) 2018 672 2019 672 2020 674 2021 672 2022 672 Thereafter 1,436 4,798

VESSELS AND EQUIPMENT, NET (Tab

VESSELS AND EQUIPMENT, NET (Table)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Summary Rollforward of Vessels and equipment	(in thousands of $) Cost Accumulated Depreciation Net Book Value Balance at December 31, 2015 1,540,559 (52,354 ) 1,488,205 Additions 194 Disposals (92,351 ) Transfer from newbuildings 425,393 Depreciation (62,502 ) Balance at December 31, 2016 1,873,795 (114,856 ) 1,758,939 Additions 448,392 Disposals (148,908 ) 8,403 Transfer from newbuildings 227,336 Impairment loss (1,066 ) Depreciation (78,093 ) Balance at December 31, 2017 2,399,549 (184,546 ) 2,215,003

VESSELS UNDER CAPITAL LEASES,50

VESSELS UNDER CAPITAL LEASES, NET (Tables)	12 Months Ended
	Dec. 31, 2017
Vessels Under Capital Leases [Abstract]
Schedule of book value of vessels under capital lease	(in thousands of $) Balance at December 31, 2015 8,354 Disposals (3,473 ) Impairment loss (985 ) Depreciation (940 ) Balance at December 31, 2016 2,956 Depreciation (895 ) Balance at December 31, 2017 2,061
Schedule of outstanding obligations under capital leases	The outstanding obligations under capital leases at December 31, 2017 are payable as follows: (in thousands of $) 2018 5,944 2019 5,944 2020 1,791 Thereafter — Minimum lease payments 13,679 Less: imputed interest (1,005 ) Present value of obligations under capital leases 12,674
Schedule of purchase options	As of December 31, 2017 , we had the following purchase options for the one vessel: (in thousands of $) Purchase option exercise date Purchase option amount Golden Eclipse April 2018 38,000 Golden Eclipse April 2019 36,250 Golden Eclipse April 2020 33,550

NEWBUILDINGS (Tables)

NEWBUILDINGS (Tables)	12 Months Ended
	Dec. 31, 2017
Newbuildings [Abstract]
Newbuilings	Movements in the two years ended December 31, 2017 are summarized as follows: Balance at December 31, 2015 338,614 Installments and newbuilding supervision fees paid 265,083 Interest capitalized 2,258 Transfers to Vessels and Equipment (425,393 ) Balance at December 31, 2016 180,562 Installments and newbuilding supervision fees paid 152,501 Interest capitalized — Transfers to Vessels and Equipment (227,336 ) Balance at December 31, 2017 105,727

EQUITY METHOD INVESTMENTS (Tabl

EQUITY METHOD INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	As at December 31, the Company had the following participation in investments that are recorded using the equity method: (% of ownership) 2017 2016 United Freight Carriers LLC ("UFC") 50.00 % 50.00 % Golden Opus Inc. ("G. Opus") 50.00 % 50.00 % Seateam Management Pte. Ltd ("Seateam") 22.19 % 22.19 % Capesize Chartering Ltd ("CCL") 25.00 % 25.00 % Movements in equity method investments for the years ended December 31, 2017 and 2016 are summarized as follows: (in thousands of $) G. Opus UFC Seateam CCL Total At December 31, 2015 4,958 770 497 — 6,225 Distributions received from associated companies — — (256 ) — (256 ) Share of income / (loss) (694 ) (149 ) 462 — (381 ) Impairment loss (2,142 ) — — — (2,142 ) Equity contribution 750 — — — 750 Purchases — — 28 — 28 At December 31, 2016 2,872 621 731 — 4,224 Distributions received from associated companies (7,300 ) — (257 ) — (7,557 ) Share of income / (loss) 3,473 827 320 — 4,620 Equity contribution 1,000 — — — 1,000 At December 31, 2017 45 1,448 794 — 2,287 The following tables include summarized financial information provided by the equity investees including information for significant equity affiliates and the reconciliation of such information to the consolidated financial statements shown below: (in thousands of $) G. Opus UFC Others Total 2017 2016 2017 2016 2017 2016 2017 2016 Current assets 119 1,715 4,125 1,819 9,867 10,086 14,111 13,620 Non current assets — 21,936 — — 389 363 389 22,299 Total assets 119 23,651 4,125 1,819 10,256 10,449 14,500 35,919 Current liabilities 29 155 1,227 577 6,521 7,216 7,777 7,948 Long-term liabilities — 17,751 — — 35 11 35 17,762 Stockholders' equity 90 5,745 2,898 1,242 3,700 3,222 6,688 10,209 Percentage of ownership in equity investees 50% 50% * Equity investment of associated companies 45 2,872 1,448 621 821 715 2,314 4,208 Consolidation and reconciling adjustments: — — Other — — — — (27 ) 16 (27 ) 16 Investment in equity investees 45 2,872 1,448 621 794 731 2,287 4,224 (in thousands of $) G. Opus UFC Others 2017 2016 2015 2017 2016 2015 2017 2016 2015 Total operating revenue 3,817 4,262 5,739 7,413 9,591 23,977 8,815 8,391 7,494 Gain sale of vessel 7,166 — — — — — — — — Total operating expense (3,324 ) (4,905 ) (8,864 ) (5,914 ) (9,885 ) (23,450 ) (7,063 ) (6,576 ) (6,043 ) Net operating (loss) income 7,659 (643 ) (3,125 ) 1,499 (294 ) 527 1,752 1,815 1,451 Net (loss) income 6,945 (1,299 ) (3,742 ) 1,654 (297 ) 489 1,633 1,611 1,301 Percentage of ownership in investees 50% 50% * Equity in net income (loss) of associated companies 3,473 (650 ) (1,871 ) 827 (149 ) 245 362 357 276 Consolidation and reconciling adjustments: Excluded (income) loss prior to the Merger in 2015** — — 1,050 — — (105 ) — — (28 ) Other — (44 ) — — — — (42 ) 105 — Equity in net income (loss) of associated companies 3,473 (694 ) (821 ) 827 (149 ) 140 320 462 248 Impairment loss on investment — (2,142 ) (4,600 ) — — — — — — Total equity in net income (loss) of associated companies including impairment losses 3,473 (2,836 ) (5,421 ) 827 (149 ) 140 320 462 248 Total 2017 2016 2015 Total operating revenue 20,045 22,244 37,210 Gain sale of vessel 7,166 — — Total operating expense (16,301 ) (21,366 ) (38,357 ) Net operating (loss) income 10,910 878 (1,147 ) Net (loss) income 10,232 15 (1,952 ) Equity in net income (loss) of associated companies 4,662 (442 ) (1,350 ) Consolidation and reconciling adjustments: Excluded (income) loss prior to the Merger in 2015** — — 917 Other (42 ) 61 — Equity in net income (loss) of associated companies 4,620 (381 ) (433 ) Impairment loss on investment — (2,142 ) (4,600 ) Total equity in net income (loss) of associated companies including impairment losses 4,620 (2,523 ) (5,033 ) *Calculation based on a percentage range between 21.25% and 25% **The table includes results for the full year 2015, but that these entities were acquired as a part of the merger which closed on March 31, 2015 and therefore the company’s share of results is only recorded for the period subsequent to the merger.

OTHER LONG TERM ASSETS (Tables)

OTHER LONG TERM ASSETS (Tables)	12 Months Ended
	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Long Term Assets	(in thousands of $) 2017 2016 Seller's credit receivable long-term portion 1,500 2,000 Deferred tax asset 294 343 Prepaid charterhire expenses (straight-lining of lease expense) 8,887 5,184 Other long term assets 10,681 7,527
Schedule Of Outstanding Sellers Credit Receivable	As of December 31, 2017 , the outstanding seller's credit receivable falls due as follows: (in thousands of $) 2018 500 2019 1,500 2020 — 2021 — 2022 — Thereafter — 2,000

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	(in thousands of $) 2017 2016 $33.9 million term loan 24,317 28,275 $82.5 million term loan 35,733 44,367 $284.0 million term loan 190,870 258,538 $420.0 million term loan 352,432 388,545 $425.0 million term loan 220,868 166,743 $102.7 million term loan 102,765 — $73.4 million term loan 67,739 — $80.2 million term loan 74,814 — Total U.S. dollar denominated floating rate debt 1,069,538 886,468 U.S. dollar denominated fixed rate debt 178,856 177,300 Deferred charges (3,935 ) (5,350 ) Total debt 1,244,459 1,058,418 Less: current portion (109,671 ) — 1,134,788 1,058,418
Schedule of Debt	Movements in 2017 and 2016 are summarized as follows: (in thousands of $) Floating rate debt Fixed rate debt Sellers credit Deferred charges Total Balance at December 31, 2015 761,739 167,815 4,739 (5,797 ) 928,496 Loan repayments (17,471 ) — (4,748 ) — (22,219 ) Loan draw downs 142,200 — — — 142,200 Amortization of purchase price adjustment — 9,485 9 — 9,494 Capitalized financing fees and expenses — — — (898 ) (898 ) Amortization of capitalized fees and expenses — — — 1,345 1,345 Balance at December 31, 2016 886,468 177,300 — (5,350 ) 1,058,418 Loan repayments (154,666 ) (9,104 ) — — (163,770 ) Loan draw downs 337,736 — — — 337,736 Amortization of purchase price adjustment — 10,360 — — 10,360 Convertible bond loss on extinguishment — 300 — — 300 Amortization of capitalized fees and expenses — — — 1,415 1,415 Balance at December 31, 2017 1,069,538 178,856 — (3,935 ) 1,244,459
Schedule of Maturities of Long-term Debt	The outstanding debt as of December 31, 2017 is repayable as follows: (in thousands of $) 2018 109,671 2019 496,558 2020 364,767 2021 267,542 2022 21,600 Thereafter — 1,260,138 Amortization of purchase price adjustment (11,744 ) 1,248,394

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Accrued expenses	(in thousands of $) 2017 2016 Voyage expenses 7,388 3,467 Ship operating expenses 6,937 6,424 Administrative expenses 1,510 935 Tax expenses 9 12 Interest expenses 8,460 7,029 24,304 17,867

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	(in thousands of $) 2017 2016 Deferred charter revenue 21,704 10,509 Deferred gain on sale and leaseback 258 258 Unfavorable charter party-in contracts 672 672 Payroll and Employee Tax accruals 488 396 Other current liabilities 8,967 2,782 32,089 14,617

DERIVATIVE INSTRUMENTS PAYABL57

DERIVATIVE INSTRUMENTS PAYABLE AND RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	Our derivative instruments are not designated as hedging instruments and are summarized as follows: (in thousands of $) 2017 2016 Interest rate swaps 2,864 1,502 Foreign currency swaps 83 — Bunker derivatives 801 92 Asset Derivatives - Fair Value 3,748 1,594 (in thousands of $) 2017 2016 Interest rate swaps 1,914 1,777 Foreign currency swaps 66 213 Bunker derivatives 313 — Liability Derivatives - Fair Value 2,293 1,990
Derivative Instruments, Gain (Loss)	During 2017 , 2016 and 2015 , the following were recognized and presented under “Gain (loss) on derivatives” in the consolidated statement of comprehensive income: (in thousands of $) 2017 2016 2015 Interest rate swaps Interest expense (1,705 ) (1,807 ) (2,127 ) Unrealized fair value gain (loss) 1,225 (38 ) (394 ) Foreign currency swaps Realized gain (loss) 204 (3 ) 68 Unrealized fair value gain (loss) 25 (27 ) (251 ) Forward freight agreements Realized gain (loss) (517 ) 42 (606 ) Bunker derivatives Realized gain (loss) 622 (1,518 ) (1,853 ) Unrealized fair value gain (loss) 291 2,676 (1,776 ) 145 (675 ) (6,939 )

OTHER LONG TERM LIABILITIES (Ta

OTHER LONG TERM LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Other Noncurrent Liabilities	(in thousands of $) 2017 2016 Deferred gain on sale and leaseback 2,485 2,744 Other long term liabilities 5,574 5,468 8,059 8,212

SHARE CAPITAL (Tables)

SHARE CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Schedule of stock by class	Authorized share capital: (in thousands of $ except per share amount) 2017 2016 150 million common shares of $0.05 par value 7,500 7,500 Issued and fully paid share capital: (number of shares of $0.05 each) 2017 2016 Balance at start of year 105,965,192 34,535,128 Shares issued re: - settlement of RSUs — 19,954 - private placement — 68,736,800 - subsequent offering — 2,673,858 - cancellation — (548 ) - equity offerings 16,372,505 — - issue of consideration shares to Quintana 14,500,000 — - issue of consideration shares to Hemen 5,300,000 — - settlement of options 60,000 — Balance at end of year 142,197,697 105,965,192

RESTRICTED STOCK UNITS (Tables)

RESTRICTED STOCK UNITS (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	The following table summarizes restricted stock unit transactions in 2016: Number of units Directors Management companies Total Fair value Units outstanding as of December 31, 2015 11,744 11,744 23,488 $5.35 Granted — — — — Settled (11,744 ) — (11,744 ) $3.64 Forfeited — (11,744 ) (11,744 ) — Units outstanding as of December 31, 2016 — — — —

SHARE OPTIONS (Tables)

SHARE OPTIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Number of Share Options Outstanding and Share Option Transactions	The following table summarizes the unvested option activity for the year ended December 31, 2017 and 2016: Number of options Weighted Average Exercise Price Weighted Average Grant date Fair Value Management Total Granted November 2016 700,000 700,000 $4.20 $2.47 Outstanding as of December 31, 2016 - Unvested 700,000 700,000 $4.20 $2.47 Granted — — Exercised 60,000 60,000 $4.20 $2.47 Exercisable 173,333 173,333 $4.20 $2.47 Forfeited — — — — Outstanding as of December 31, 2017 - Unvested 466,667 466,667 $4.20 $2.47 The following table summarizes certain information about the options outstanding as of December 31, 2017 and 2016: Options Outstanding and Unvested, December 31, 2017 Options Outstanding and Exercisable, December 31, 2017 Weighted Average Exercise Price of Outstanding Options Number of options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Number of options Weighted Average Exercise Price Weighted Average Remaining Contractual Life $4.20 466,667 $4.20 1.86 173,333 $4.20 1.86 Options Outstanding and Unvested, December 31, 2016 Options Outstanding and Exercisable, December 31, 2016 Weighted Average Exercise Price of Outstanding Options Number of options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Number of options Weighted Average Exercise Price Weighted Average Remaining Contractual Life $4.20 700,000 $4.20 2.86 — — —

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Related Party Transaction [Line Items]
Schedule of Related Party Transactions	A summary of long-term balances owed to related parties as of December 31, 2017 and 2016 is as follows: (in thousands of $) 2017 2016 Hemen 44,000 — 44,000 — A summary of net amounts charged by related parties in 2017 , 2016 and 2015 is as follows: (in thousands of $) 2017 2016 2015 ICB Shipping (Bermuda) Ltd — — 579 Frontline Ltd 4,210 6,521 13,192 The Former Golden Ocean — — 134 Ship Finance International Limited 27,977 25,564 12,060 Seateam Management Pte Ltd 3,103 2,638 1,932 Seatankers Management Co Ltd 9,696 4,216 159 Golden Opus Inc 1,286 1,114 — Capesize Chartering Ltd 57 98 — Affiliates of Hemen 634 — — 46,963 40,151 28,056 Net amounts charged by related parties comprise general management and commercial management fees, charter hire expenses, newbuilding supervision fees, interest expenses and newbuilding commission fees. A summary of net amounts charged to related parties in 2017 , 2016 and 2015 is as follows: (in thousands of $) 2017 2016 2015 Ship Finance International Limited 738 795 560 Seatankers Management Co Ltd 933 957 310 United Freight Carriers LLC — 150 — Capesize Chartering Ltd 3,368 945 — 5,039 2,847 870 A summary of balances due from related parties as of December 31, 2017 and 2016 is as follows: (in thousands of $) 2017 2016 Capesize Chartering Ltd — 322 Frontline Ltd 1,095 1,523 Ship Finance International Ltd 60 2 Seatankers Management Co Ltd 825 77 Golden Opus Inc 10 3 1,990 1,927 A summary of short-term balances owed to related parties as of December 31, 2017 and 2016 is as follows: (in thousands of $) 2017 2016 Capesize Chartering Ltd 879 — Frontline Ltd 1,822 1,044 Seatankers Management Co Ltd — 270 Golden Opus Inc 29 73 2,730 1,387

FINANCIAL ASSETS AND LIABILIT63

FINANCIAL ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	Our interest rate swap contracts as at December 31, 2017 of which none are designated as hedging instruments are summarized as follows: (in thousands of $) Notional Amount Inception Date Maturity Date Fixed Interest Rate Receiving floating, pay fixed 50,000 October 2012 October 2019 1.22 % Receiving floating, pay fixed 50,000 February 2015 February 2020 1.93 % Receiving floating, pay fixed 100,000 October 2019 October 2025 2.51 % Receiving floating, pay fixed 50,000 October 2015 October 2019 1.22 % Receiving floating, pay fixed 50,000 November 2015 February 2020 1.92 % Receiving floating, pay fixed 50,000 August 2017 August 2025 2.41 % Receiving floating, pay fixed 50,000 August 2017 August 2025 2.58 % Receiving floating, pay fixed 50,000 February 2017 February 2022 1.90 % Receiving floating, pay fixed 50,000 April 2017 April 2022 1.86 % 500,000
Fair Value, by Balance Sheet Grouping	The carrying value and estimated fair value of our financial instruments at December 31, 2017 and December 31, 2016 are as follows: 2017 2017 2016 2016 (in thousands of $) Fair Value Carrying Value Fair Value Carrying Value Assets Cash and cash equivalents 309,029 309,029 212,942 212,942 Restricted cash 62,955 62,955 54,112 54,112 Marketable securities 16,300 16,300 6,524 6,524 Derivative assets 3,748 3,748 1,594 1,594 Liabilities Long term debt - floating 1,069,538 1,069,538 886,468 886,468 Long term debt - convertible bond 195,000 178,856 162,122 177,300 Long term debt - sellers credit 44,000 44,000 — — Derivative liabilities 2,293 2,293 1,990 1,990
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The fair value hierarchy of our financial instruments is as follows: (in thousands of $) 2017 Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents 309,029 309,029 — — Restricted cash 62,955 62,955 — — Marketable securities 16,300 16,300 — — Derivative assets 3,748 — 3,748 — Liabilities Long term debt - floating 1,069,538 — 1,069,538 — Long term debt - convertible bond 195,000 — 195,000 — Long term debt - sellers credit 44,000 — 44,000 — Derivative liabilities 2,293 — 2,293 — (in thousands of $) 2016 Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents 212,942 212,942 — — Restricted cash 54,112 54,112 — — Marketable securities 6,524 6,524 — — Derivative assets 1,594 — 1,594 — Liabilities Long term debt - floating 886,468 — 886,468 — Long term debt - convertible bond 162,122 — 162,122 — Derivative liabilities 1,990 — 1,990 —

ORGANIZATION AND BUSINESS (Deta

ORGANIZATION AND BUSINESS (Details) $ in Millions	1 Months Ended			2 Months Ended	12 Months Ended
	Oct. 31, 2017USD ($)vesselshares	Jun. 30, 2017shares	Mar. 31, 2017USD ($)vesselshares	Feb. 28, 2018vessel	Dec. 31, 2017subsidiarynewbuilding_contractvessel	Dec. 31, 2013vessel	Dec. 31, 2016newbuilding_contractvessel	Mar. 31, 2015company
Business background [Line Items]
Number of companies involved in the merger | company								2
Number of vessels acquired			16			2
Consideration shares issued (in shares) | shares			17,800,000
Debt assumed | $			$ 285.2
Number of vessel types					4
Number of owned vessels					62
Number of vessels chartered-In					10
Number of vessels under operating lease from third parties					1		1
Number of vessels leased out under capital leases to third parties					1		1
Number of subsidiaries | subsidiary					1
Number of vessels chartered-out on fixed rate time charters					10		6
Number of vessels leased out index linked time charters					15		10
Hemen Holdings Ltd [Member]
Business background [Line Items]
Number of vessels acquired					3
Ship Finance International Ltd [Member]
Business background [Line Items]
Number of vessels under operating lease from third parties					8
Quintana Vessels [Member]
Business background [Line Items]
Number of vessels acquired					14
Panamax Vessels [Member]
Business background [Line Items]
Number of vessels acquired			8
Panamax Vessels [Member] | Hemen Holdings Ltd [Member]
Business background [Line Items]
Number of vessels acquired			2		2
Consideration shares issued (in shares) | shares		3,300,000	3,300,000
Capesize Vessels [Member] | Hemen Holdings Ltd [Member]
Business background [Line Items]
Number of vessels acquired	2
Consideration shares issued (in shares) | shares	4,000,000
Consideration | $	$ 86
Seller's credit, percentage of price	50.00%
Quintana Shipping Ltd [Domain]
Business background [Line Items]
Number of vessels acquired					14
Quintana Shipping Ltd [Domain] | Quintana Vessels [Member]
Business background [Line Items]
Number of vessels acquired			14
Consideration shares issued (in shares) | shares			14,500,000
Debt assumed | $			$ 262.7
Quintana Shipping Ltd [Domain] | Capesize Vessels [Member]
Business background [Line Items]
Number of vessels acquired			5
Minimum [Member]
Business background [Line Items]
Short term charter term					6 months
Maximum [Member]
Business background [Line Items]
Short term charter term					9 months
Subsequent Event [Member]
Business background [Line Items]
Number of vessels acquired				1
Number of newbuildings delivered				5
Capesize Newbuildings [Member]
Business background [Line Items]
Number of newbuilding contracts | newbuilding_contract					5		8

SUMMARY OF SIGNIFICANT ACCOUN65

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Aug. 01, 2016	Mar. 31, 2015USD ($)companycontract	Dec. 31, 2017USD ($)marketvessel	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015vessel	Mar. 31, 2014USD ($)	Jan. 31, 2014USD ($)
Property, Plant and Equipment [Line Items]
Reverse stock split	0.2
Reduction to other revenues			$ (1,247,000)	$ (3,949,000)	$ (1,306,000)
Increase in other operating income, net			$ 3,881,000	945,000	0
Useful life			25 years
Average years used in market price scrap per ton calculation			10 years
Number of recycling markets | market			3
Number of vessels under capital lease | vessel			1			8
Reduction to other financial items			$ (501,000)	515,000	336,000
Increase to interest expense			$ 59,840,000	45,511,000	29,831,000
Percentage of RSU's recognized as equity			50.00%
Percentage of RSU's recognized as liability			50.00%
Number of SPCs acquired | company		12
Number of newbuilding contracts owned by each SPC | contract		1
Additional contributed capital surplus		$ 59,700,000
Merger with former Golden Ocean [Member]
Property, Plant and Equipment [Line Items]
Long-term Debt assumed upon the Merger		$ 161,200,000
Convertible Bond Fair Value Price Upon Merger		80.60%
Purchase price adjustment		$ 38,800,000
Convertible Debt [Member]
Property, Plant and Equipment [Line Items]
Principal amount		$ 200,000,000					$ 200,000,000
Former Golden Ocean [Member] | Convertible Debt [Member]
Property, Plant and Equipment [Line Items]
Principal amount								$ 200,000,000
Change In Revenue And Expense Recognition [Member]
Property, Plant and Equipment [Line Items]
Reduction to other revenues				900,000
Increase in other operating income, net				900,000
Reclassification Of Amortization Of Deferred Charges [Member]
Property, Plant and Equipment [Line Items]
Reduction to other financial items				1,300,000	100,000
Increase to interest expense				$ 1,300,000	$ 100,000

RECENTLY ISSUED ACCOUNTING ST66

RECENTLY ISSUED ACCOUNTING STANDARDS - Additional Information (Details) - USD ($) $ in Thousands	Jan. 01, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Increase to retained earnings		$ (351,903)	$ (349,555)
Unrealized gain on marketable securities		5,300
Restricted cash		$ 63,000
Scenario, Forecast [Member] | Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Increase to retained earnings	$ 10,000

MERGER WITH THE FORMER GOLDEN67

MERGER WITH THE FORMER GOLDEN OCEAN - Additional Information (Details) $ / shares in Units, $ in Thousands	Mar. 31, 2015USD ($)broker_valuenewbuildingvesselshares	Apr. 30, 2015USD ($)	Mar. 31, 2015USD ($)broker_valuenewbuildingvesselshares	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Oct. 07, 2014USD ($)$ / shares
Business Acquisition [Line Items]
Bargain purchase gain arising on consolidation	$ 78,876			$ 0	$ 0	$ 78,876
Share Price (in dollars per share) | $ / shares							$ 7.85
Fair value of shares issued	$ 307,220		$ 307,220				$ 482,300
Number of vessels acquired upon the merger | vessel	29		29
Number of independent broker valuations | broker_value	2		2
Number of newbuildings acquired upon the merger | newbuilding	4		4
Number of vessels under capital leases acquired upon the merger | vessel	2		2
Number of owned vessels in a joint venture | vessel	1		1
Refund of newbuilding installments		$ 40,100		$ 0	$ 0	40,148
Merger with former Golden Ocean [Member]
Business Acquisition [Line Items]
Revenue						113,900
Net loss						$ 96,700
Merger with former Golden Ocean [Member] | Minimum [Member]
Business Acquisition [Line Items]
Favorable contract remaining term	10 months
Unfavorable contract remaining term	3 months
Merger with former Golden Ocean [Member] | Maximum [Member]
Business Acquisition [Line Items]
Favorable contract remaining term	7 years 6 months
Unfavorable contract remaining term	10 years
Merger with former Golden Ocean [Member] | Common Stock [Member]
Business Acquisition [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Basis for Determining Value | shares			1
Number of shares issued to former Golden Ocean | shares			0.13749
Merger with former Golden Ocean [Member] | Common Stock [Member] | Former Golden Ocean [Member]
Business Acquisition [Line Items]
Number of shares issued (in shares) | shares	12,300,090		12,300,090

MERGER WITH THE FORMER GOLDEN68

MERGER WITH THE FORMER GOLDEN OCEAN - Summary of Consideration (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Oct. 07, 2014
Business Combinations [Abstract]
Fair value of shares issued	$ 307,220	$ 482,300
Fair value of vested stock options in the Former Golden Ocean	926
Total value of consideration	$ 308,146

MERGER WITH THE FORMER GOLDEN69

MERGER WITH THE FORMER GOLDEN OCEAN - Summary of Asset Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash and cash equivalents	$ 129,084
Restricted cash	2,448
Marketable securities	5,779
Other current assets	78,457
Favorable contracts	30,417	$ 18,732	$ 22,413	$ 28,829
Total current assets	246,185	444,500	299,932
Restricted cash	31,552
Newbuildings	12,030	105,727	180,562	338,614
Vessels and equipment, net	632,997	2,215,003	1,758,939	1,488,205
Vessels under capital lease, net	14,029	2,061	2,956	8,354
Investments in associated companies	11,346	2,287	4,224
Favorable charter party contracts	96,673	34,954	53,686	74,547
Other long term assets	9,116	10,681	7,527
Total assets	1,053,928	2,870,058	2,361,623
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Current portion of long term debt	39,395
Current portion of obligations under capital leases	7,032	5,239	4,858
Other current liabilities	28,180	32,089	14,617
Unfavorable charter party-in contracts	1,567	672	672	674
Total current liabilities	76,174	181,727	43,601
Long term debt	391,717	1,244,459	1,058,418	928,496
Convertible bond debt	161,200
Obligations under capital leases	31,405	7,435	12,673
Other long term liabilities	434	8,059	8,212
Non-current portion	5,976	4,126	4,798	5,470
Total liabilities	666,906	1,376,009	1,122,904
Fair value of net assets acquired and liabilities assumed	387,022
Total value of consideration	308,146
Bargain purchase gain arising on consolidation	$ 78,876	$ 0	$ 0	$ 78,876

MERGER WITH THE FORMER GOLDEN70

MERGER WITH THE FORMER GOLDEN OCEAN - Summary of Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Total operating revenues	$ 460,023	$ 256,863	$ 190,238
Net (loss) income	$ (2,348)	$ (127,711)	$ (220,839)
Basic and diluted (loss) earnings per share (in dollars per share)	$ (0.02)	$ (1.34)	$ (7.30)
Merger with former Golden Ocean [Member]
Business Acquisition [Line Items]
Total operating revenues		$ 225,013
Net (loss) income from continuing operations		(318,975)
Loss from discontinued operations		0
Net (loss) income		$ (318,975)
Basic and diluted (loss) earnings per share from continuing operations (in dollars per share)		$ (1.85)
Basic and diluted loss per share from discontinued operations (in dollars per share)		0
Basic and diluted (loss) earnings per share (in dollars per share)		$ (1.85)

INCOME TAXES (Details)

INCOME TAXES (Details)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Foreign Tax exemption expiration date	Mar. 31, 2035

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)customer	Dec. 31, 2016USD ($)reportable_segmentcustomer	Dec. 31, 2015USD ($)customer
Revenue from External Customer [Line Items]
Number of reportable segments | reportable_segment		1
Revenue, number of major customers | customer	1	2	1
Revenues	$ 460,023	$ 256,863	$ 190,238
Name of Major Customer 1 [Member]
Revenue from External Customer [Line Items]
Revenues	$ 59,700	34,500	$ 28,000
Name of Major Customer 2 [Member]
Revenue from External Customer [Line Items]
Revenues		$ 27,100

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Earnings Per Share [Abstract]
Net (loss) income	$ (2,348)	$ (127,711)	$ (220,839)
Weighted average number of shares outstanding - basic	125,019,000	95,238,000	30,243,000
Impact of restricted stock units	0	8,000	27,000
Weighted average number of shares outstanding - diluted	125,019,000	95,246,000	30,270,000
Stock Compensation Plan [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from EPS (in shares)	324,338	84,000	76,200
Convertible Debt [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from EPS (in shares)	2,264,173	2,268,860	2,007,025

GAIN (LOSS) ON SALE OF ASSETS74

GAIN (LOSS) ON SALE OF ASSETS AND AMORTIZATION OF DEFERRED GAINS (Details)	1 Months Ended							3 Months Ended		12 Months Ended
	Sep. 30, 2017USD ($)vessel$ / sharesshares	Oct. 31, 2016USD ($)	Aug. 31, 2016USD ($)	Feb. 29, 2016USD ($)	Nov. 30, 2015USD ($)vessel	Aug. 31, 2015USD ($)	Apr. 30, 2015vessel	Dec. 31, 2017USD ($)vessel$ / shares	Sep. 30, 2017vessel$ / sharesshares	Dec. 31, 2017USD ($)vessel$ / sharesshares	Dec. 31, 2016USD ($)vessel	Dec. 31, 2015USD ($)	Oct. 07, 2014$ / shares
gain/loss on sale of assets and deferred gains [Line Items]
Share Price (in dollars per share) | $ / shares													$ 7.85
Gain (loss) on sale of assets and amortization of deferred gains										$ (312,000)	$ 300,000	$ (10,788,000)
Fractus and Radiatus [Member]
gain/loss on sale of assets and deferred gains [Line Items]
Gain (loss) on sale of assets and amortization of deferred gains												(8,900,000)
Number of newbuilding vessels converted and sold | vessel					2
Proceeds from sale of vessels											$ 1,900,000
KSL Atlantic, KSL Baltic, KSL Mediterranean, KSL Caribbean [Member]
gain/loss on sale of assets and deferred gains [Line Items]
Number of newbuilding vessels expected to be delivered and sold | vessel							4
Golden Lyderhorn [Member]
gain/loss on sale of assets and deferred gains [Line Items]
Gain (loss) on sale of assets and amortization of deferred gains			$ (9,000)
Front Caribbean [Member]
gain/loss on sale of assets and deferred gains [Line Items]
Gain (loss) on sale of assets and amortization of deferred gains				$ 68,000
Front Mediterranean [Member]
gain/loss on sale of assets and deferred gains [Line Items]
Gain (loss) on sale of assets and amortization of deferred gains		$ 13,000
KSL Atlantic and KSL Baltic [Member]
gain/loss on sale of assets and deferred gains [Line Items]
Number of newbuilding vessels delivered and sold | vessel											2
KSL Atlantic [Member]
gain/loss on sale of assets and deferred gains [Line Items]
Gain (loss) on sale of assets and amortization of deferred gains						$ (2,200,000)						(2,200,000)
KSL Baltic [Member]
gain/loss on sale of assets and deferred gains [Line Items]
Gain (loss) on sale of assets and amortization of deferred gains					$ 100,000							100,000
Capesize Vessels [Member]
gain/loss on sale of assets and deferred gains [Line Items]
Gain (loss) on sale of assets and amortization of deferred gains										258,000	$ 228,000	132,000
Capesize Newbuildings [Member]
gain/loss on sale of assets and deferred gains [Line Items]
Gain (loss) on sale of assets and amortization of deferred gains										0	0	(8,858,000)
Capesize Vessels [Member]
gain/loss on sale of assets and deferred gains [Line Items]
Gain (loss) on sale of assets and amortization of deferred gains										$ (570,000)	$ 72,000	$ (2,062,000)
Supramax Vessels [Member]
gain/loss on sale of assets and deferred gains [Line Items]
Number of vessels sold | vessel	6							6	6	6
Number of vessels sold under partial share consideration | vessel	1							1	1
Cash consideration	$ 135,100,000									$ 135,100,000
Consideration shares received (in shares) | shares	910,802								910,802	910,802
Share Price (in dollars per share) | $ / shares	$ 7.4							$ 7.4	$ 7.4	$ 7.4
Gain (loss) on sale of assets and amortization of deferred gains								$ (600,000)

IMPAIRMENT OF VESSELS AND NEW75

IMPAIRMENT OF VESSELS AND NEWBUILDINGS (Details) $ in Thousands	1 Months Ended			3 Months Ended		12 Months Ended
	Sep. 30, 2017USD ($)vesselshares	Nov. 30, 2015USD ($)	Aug. 31, 2015USD ($)	Dec. 31, 2017USD ($)vessel	Sep. 30, 2017vesselshares	Dec. 31, 2017USD ($)vesselshares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)vessel
Property, Plant and Equipment [Line Items]
Impairment losses on vessels and equipment						$ 1,066	$ 985	$ 152,597
Gain (loss) on sale of assets and amortization of deferred gains						$ (312)	300	(10,788)
KSL Baltic, KSL Mediterranean, KSL Caribbean [Member]
Property, Plant and Equipment [Line Items]
Impairment losses on vessels and equipment								$ 7,100
Number of newbuildings impaired | vessel								3
Number of capesize vessel sold | vessel								3
KSL Atlantic, KSL Baltic, KSL Mediterranean, KSL Caribbean [Member]
Property, Plant and Equipment [Line Items]
Number of newbuilding vessels expected to be delivered and sold | vessel								4
KSL Atlantic and KSL Baltic [Member]
Property, Plant and Equipment [Line Items]
Number of capesize vessel sold | vessel								2
KSL Atlantic [Member]
Property, Plant and Equipment [Line Items]
Gain (loss) on sale of assets and amortization of deferred gains			$ (2,200)					$ (2,200)
KSL Baltic [Member]
Property, Plant and Equipment [Line Items]
Gain (loss) on sale of assets and amortization of deferred gains		$ 100						100
KSL China, Battersea, Belgravia, Golden Future, Golden Zhejiang [Member]
Property, Plant and Equipment [Line Items]
Impairment losses on vessels and equipment								$ 141,000
KSL China, Battersea, Belgravia, Golden Future, Golden Zhejiang [Member] | Ship Finance International Ltd [Member] | Vessels owned prior to the merger with the Former Golden Ocean [Member]
Property, Plant and Equipment [Line Items]
Number of vessels sold and leased back | vessel								5
KSL China [Member]
Property, Plant and Equipment [Line Items]
Impairment losses on vessels and equipment								$ 20,500
Battersea [Member]
Property, Plant and Equipment [Line Items]
Impairment losses on vessels and equipment								38,300
Belgravia [Member]
Property, Plant and Equipment [Line Items]
Impairment losses on vessels and equipment								34,200
Golden Future [Member]
Property, Plant and Equipment [Line Items]
Impairment losses on vessels and equipment								27,500
Golden Zhejiang [Member]
Property, Plant and Equipment [Line Items]
Impairment losses on vessels and equipment								20,500
Golden Lydernhorn [Member]
Property, Plant and Equipment [Line Items]
Impairment losses on vessels and equipment							$ 1,000	$ 4,500
Supramax Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels sold | vessel	6			6	6	6
Total consideration	$ 142,500					$ 142,500
Cash consideration	$ 135,100					$ 135,100
Consideration shares received (in shares) | shares	910,802				910,802	910,802
Impairment losses on vessels and equipment	$ 1,100					$ 1,100
Gain (loss) on sale of assets and amortization of deferred gains				$ (600)

LEASES - Additional Information

LEASES - Additional Information (Details)	1 Months Ended	3 Months Ended	12 Months Ended
	Apr. 30, 2015USD ($)vessel	Sep. 30, 2015USD ($)vessel	Dec. 31, 2017USD ($)vessel	Dec. 31, 2016USD ($)vessel	Dec. 31, 2015USD ($)	Jun. 30, 2015vessel	Mar. 31, 2015vessel
Operating Leased Assets [Line Items]
Number of vessels under operating lease from third parties | vessel			1	1
Future minimum rental payments			$ 900,000	$ 1,200,000
Charter hire expense minimum rentals			311,200,000	345,500,000
Total minimum lease period	13 years	13 years
Contingent rental income			$ 1,150,000	$ 410,000	$ 20,000
Number of long term chartered in vessels acquired on merger | vessel							2
Number of vessels redelivered | vessel						1
Number of vessels chartered-out on fixed rate time charters | vessel			10	6
Number of vessels leased out index linked time charters | vessel			15	10
Number of vessels leased out under capital leases to third parties | vessel			1	1
Number of assets leased to third parties			1	1
Cost of vessels			$ 2,399,549,000	$ 1,873,795,000	1,540,559,000
Accumulated depreciation			$ 184,546,000	$ 114,856,000	$ 52,354,000
Number of owned vessels | vessel			24	15
Vessels leased to third parties [Member]
Operating Leased Assets [Line Items]
Cost of vessels			$ 1,254,800,000	$ 771,100,000
Accumulated depreciation			$ 103,300,000	$ 58,200,000
Minimum [Member]
Operating Leased Assets [Line Items]
Lease term			1 year
Maximum [Member]
Operating Leased Assets [Line Items]
Lease term			10 years
Ship Finance International Ltd [Member]
Operating Leased Assets [Line Items]
Number of vessels under operating lease from third parties | vessel			8
Profit share percentage	33.00%			33.00%
Base rate	0.40%			0.40%
Variable interest rate level	0.10%			0.10%
Ship Finance International Ltd [Member] | KSL China, Battersea, Belgravia, Golden Future, Golden Zhejiang, Golden Zhoushan, Golden Beijing and Golden Magnum [Member]
Operating Leased Assets [Line Items]
Number of vessels sold and leased back | vessel	8	8	8	8
Charter contract term	10 years	10 years
Daily time charter rate, period 1	$ 17,600	$ 17,600		$ 17,600
Contractual charter term, period 1	7 years	7 years		7 years
Daily time charter rate, period 2	$ 14,900	$ 14,900		$ 14,900
Contractual charter term, period 2	3 years	6 years		3 years
Daily operating expense rate	$ 7,000			$ 7,000
Adjusted daily time charter rate, period 1	50			50
Adjusted daily time charter rate, period 2	25			$ 25
Purchase option net of sellers credit	$ 112,000,000	$ 112,000,000
Charter term extension	3 years	3 years
Daily time charter rate extension	$ 14,900

LEASES - Future Minimum Operati

LEASES - Future Minimum Operating Lease Expense Payments (Details) $ in Thousands	Dec. 31, 2017USD ($)
Leases [Abstract]
2,018	$ 37,008
2,019	35,369
2,020	35,474
2,021	35,066
2,022	32,043
Thereafter	137,162
Total	$ 312,122

LEASES - Summary of Charter Hir

LEASES - Summary of Charter Hire Expense under Operating Leases, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating Leased Assets [Line Items]
Charter hire expenses	$ 70,673	$ 53,691	$ 30,719
Charter hire expenses, operating leases
Operating Leased Assets [Line Items]
Charter hire expenses	71,345	54,365	32,118
Amortization of unfavorable time charter contracts-in
Operating Leased Assets [Line Items]
Charter hire expenses	$ (672)	$ (674)	$ (1,399)

LEASES - Future Minimum Opera79

LEASES - Future Minimum Operating Lease Revenue Receipts (Details) $ in Thousands	Dec. 31, 2017USD ($)
Leases [Abstract]
2,018	$ 57,494
2,019	35,785
2,020	23,166
2,021	8,370
2,022	0
Thereafter	0
Total	$ 124,815

MARKETABLE SECURITIES - Summary

MARKETABLE SECURITIES - Summary of Available-For-Sale Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Available-for-sale Securities [Roll Forward]
Balance at start of year	$ 6,524	$ 14,615
Disposals during the year	0	(328)
Additions during the year	6,740	0
Unrealized gain (loss), net	3,036	(7,763)
Balance at end of year	$ 16,300	$ 6,524

MARKETABLE SECURITIES - Additio

MARKETABLE SECURITIES - Additional Information (Details) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Sep. 30, 2017vesselshares	Dec. 31, 2017USD ($)vessel	Sep. 30, 2017vesselshares	Dec. 31, 2017USD ($)vesselshares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Schedule of Available-for-sale Securities [Line Items]
Additions during the year				$ 6,740	$ 0
Fair value of investment		$ 16,300		16,300	6,524	$ 14,615
Disposals during the year				0	328
Proceeds from the sale of marketable securities				0	125	0
Unrealized loss				(3,036)	7,763
Impairment loss on marketable securities				0	10,050	23,323
Investment One [Member]
Schedule of Available-for-sale Securities [Line Items]
Additions during the year						32,200
Fair value of investment					6,500	13,100
Disposals during the year					300
Proceeds from the sale of marketable securities					100
Loss on sale of marketable securities					200
Unrealized loss					6,300
Impairment loss on marketable securities					8,500	19,100
Investment Two [Member]
Schedule of Available-for-sale Securities [Line Items]
Additions during the year						5,700
Fair value of investment					0	1,500
Proceeds from the sale of marketable securities				$ 1,600
Impairment loss on marketable securities					$ 1,500	$ 4,200
Supramax Vessels [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of vessels sold | vessel	6	6	6	6
Number of vessels sold under partial share consideration | vessel	1	1	1
Consideration shares received (in shares) | shares	910,802		910,802	910,802

TRADE ACCOUNTS RECEIVABLE, NE82

TRADE ACCOUNTS RECEIVABLE, NET (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2012vessel
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for doubtful accounts balance, beginning balance		$ 952	$ 7,946	$ 7,434
Additions charged to income		462	199	512
Deductions credited to trade receivables		(768)	(7,193)
Allowance for doubtful accounts balance, ending balance		$ 646	952	$ 7,946
Bad debt write off			7,000
VLCC Mayfair and VLCC Camden [Member]
Allowance for Doubtful Accounts Receivable [Roll Forward]
Number of vessels disposed of | vessel					2
Proceeds from settlement of claims			$ 2,400
VLCC Mayfair [Member]
Allowance for Doubtful Accounts Receivable [Roll Forward]
Proceeds from settlement of claims	$ 1,700
VLCC Camden [Member]
Allowance for Doubtful Accounts Receivable [Roll Forward]
Proceeds from settlement of claims	$ 700

OTHER RECEIVABLES (Details)

OTHER RECEIVABLES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Other Receivables [Abstract]
Agent receivables	$ 4,794	$ 2,070
Advances	664	486
Claims receivables	1,819	420
Other receivables	18,160	8,011
Total other receivables	25,437	10,987
Allowance for doubtful accounts	$ 0	$ 0

VALUE OF CHARTER PARTY CONTRA84

VALUE OF CHARTER PARTY CONTRACTS - Movement in Favorable Charter Party Contracts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Increase (Decrease) In Favorable Charter Party Contracts [Roll Forward]
Opening balance	$ 76,099	$ 103,376	$ 0
Acquired as a result of the Merger	(3,080)	0	127,090
Amortization charge	(19,333)	(27,277)	(23,714)
Total	53,686	76,099	103,376
Less: current portion	(18,732)	(22,413)	(28,829)	$ (30,417)
Non-current portion	$ 34,954	$ 53,686	$ 74,547	$ 96,673

VALUE OF CHARTER PARTY CONTRA85

VALUE OF CHARTER PARTY CONTRACTS - Summary of Favorable Charter Contracts (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
2,018	$ 18,732
2,019	18,732
2,020	12,148
2,021	4,074
2,022	0
Thereafter	0
Total	$ 53,686	$ 76,099	$ 103,376	$ 0

VALUE OF CHARTER PARTY CONTRA86

VALUE OF CHARTER PARTY CONTRACTS - Movement in Unfavorable Charter Party Contracts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Increase (Decrease) In Unfavorable Charter Party Contracts [Roll Forward]
Opening balance	$ 5,470	$ 6,144	$ 0
Acquired as a result of the Merger	0	0	7,543
Amortization charge	672	674	1,399
Total	4,798	5,470	6,144
Less: current portion	(672)	(672)	(674)	$ (1,567)
Non-current portion	$ 4,126	$ 4,798	$ 5,470	$ 5,976

VALUE OF CHARTER PARTY CONTRA87

VALUE OF CHARTER PARTY CONTRACTS - Summary of Unfavorable Charter Party Contracts (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
2,018	$ 672
2,019	672
2,020	674
2,021	672
2,022	672
Thereafter	1,436
Total	$ 4,798	$ 5,470	$ 6,144	$ 0

VALUE OF CHARTER PARTY CONTRA88

VALUE OF CHARTER PARTY CONTRACTS - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Acquired time charter contracts from Quintana	$ 3,080	$ 0	$ (127,090)
Amortization of charter party-out contracts	19,333	27,277	23,714
Amortization of charter party-in contracts	$ 672	$ 674	$ 1,399

VESSELS AND EQUIPMENT, NET - Su

VESSELS AND EQUIPMENT, NET - Summary of Changes in Vessels and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Vessels and equipment [Roll Forward]
Cost, beginning of period	$ 1,873,795	$ 1,540,559
Accumulated depreciation beginning balance	(114,856)	(52,354)
Net book value, beginning balance	1,758,939	1,488,205
Additions	448,392	194
Disposals	(148,908)	(92,351)
Disposals depreciation	8,403
Transfer from newbuildings	227,336	425,393
Impairment loss	(1,066)	(985)	$ (152,597)
Depreciation	(78,093)	(62,502)	(51,578)
Balance, end of period	2,399,549	1,873,795	1,540,559
Accumulated depreciation ending balance	(184,546)	(114,856)	(52,354)
Net book value, ending balance	$ 2,215,003	$ 1,758,939	$ 1,488,205

VESSELS AND EQUIPMENT, NET - Ad

VESSELS AND EQUIPMENT, NET - Additional Information (Details)	1 Months Ended												3 Months Ended		12 Months Ended
	Nov. 30, 2017USD ($)vesselshares	Oct. 31, 2017USD ($)vesselshares	Sep. 30, 2017USD ($)vessel$ / sharesshares	Jun. 30, 2017USD ($)shares	Mar. 31, 2017USD ($)vesselshares	Feb. 28, 2017USD ($)vessel	Jan. 31, 2017USD ($)vessel	Oct. 31, 2016USD ($)	Aug. 31, 2016USD ($)	May 31, 2016USD ($)	Feb. 29, 2016USD ($)	Jan. 31, 2016USD ($)	Dec. 31, 2017USD ($)vessel$ / shares	Sep. 30, 2017vessel$ / sharesshares	Dec. 31, 2017USD ($)vessel$ / sharesshares	Dec. 31, 2016USD ($)vessel	Dec. 31, 2015USD ($)	Dec. 31, 2013vessel	Oct. 07, 2014$ / shares
Property, Plant and Equipment [Line Items]
Number of vessels acquired | vessel					16													2
Additions															$ 448,392,000	$ 194,000
Consideration shares issued (in shares) | shares					17,800,000
Debt assumed					$ 285,200,000
Acquired time charter contracts from Quintana															3,080,000	0	$ (127,090,000)
Share Price (in dollars per share) | $ / shares																			$ 7.85
Impairment loss on vessels and newbuildings															1,066,000	985,000	152,597,000
Gain (loss) on sale of assets and amortization of deferred gains															(312,000)	300,000	(10,788,000)
Transfer from newbuildings															227,336,000	425,393,000
Depreciation															$ 78,093,000	$ 62,502,000	$ 51,578,000
Golden Libra & Golden Virgo [Domain]
Property, Plant and Equipment [Line Items]
Number of newbuildings delivered | vessel							2
Golden Surabaya And Golden Savannah [Member]
Property, Plant and Equipment [Line Items]
Number of newbuildings delivered | vessel						2
Capesize Newbuilding [Member]
Property, Plant and Equipment [Line Items]
Transfer from newbuildings			$ 50,700,000			$ 128,100,000		$ 46,200,000		$ 52,900,000	$ 46,100,000	$ 254,100,000
Proceeds from sale of vessels								46,300,000			46,200,000
Gain (loss) on sale of vessels								$ 13,000			$ 68,000
Supramax Newbuildings [Member]
Property, Plant and Equipment [Line Items]
Transfer from newbuildings							$ 48,500,000		$ 26,000,000
Quintana Shipping Ltd [Domain]
Property, Plant and Equipment [Line Items]
Number of vessels acquired | vessel															14
Shares issued for consideration (in shares) | shares															14,500,000
Hemen Holdings Ltd [Member]
Property, Plant and Equipment [Line Items]
Number of vessels acquired | vessel															3
Shares issued for consideration (in shares) | shares															5,300,000
Newcastlemax Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels at year end | vessel													3		3	2
Newcastlemax Vessels [Member] | Quintana Shipping Ltd [Domain]
Property, Plant and Equipment [Line Items]
Number of vessels acquired | vessel					1
Capesize Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels at year end | vessel													29		29	20
Capesize Vessels [Member] | Quintana Shipping Ltd [Domain]
Property, Plant and Equipment [Line Items]
Number of vessels acquired | vessel					5
Capesize Vessels [Member] | Hemen Holdings Ltd [Member]
Property, Plant and Equipment [Line Items]
Number of vessels acquired | vessel		2
Consideration per vessel		$ 43,000,000
Seller's credit loan per vessel	$ 21,500,000	21,500,000
Additions	40,700,000
Cash payment for vessel purchase	$ 4,500,000	$ 4,500,000
Shares issued for consideration (in shares) | shares	2,000,000	2,000,000
Number of vessels delivered | vessel	1
Consideration shares issued (in shares) | shares		4,000,000
Quintana Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels acquired | vessel															14
Quintana Vessels [Member] | Quintana Shipping Ltd [Domain]
Property, Plant and Equipment [Line Items]
Number of vessels acquired | vessel					14
Additions					$ 363,400,000
Consideration shares issued (in shares) | shares					14,500,000
Debt assumed					$ 262,700,000
Prepayment of debt installments					$ 17,400,000
Acquired time charter contracts from Quintana															$ 3,100,000
Panamax Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels at year end | vessel													28		28	18
Number of vessels acquired | vessel					8
Panamax Vessels [Member] | Hemen Holdings Ltd [Member]
Property, Plant and Equipment [Line Items]
Number of vessels acquired | vessel					2										2
Seller's credit loan per vessel				$ 22,500,000	$ 22,500,000
Additions				$ 43,100,000
Number of vessels delivered | vessel															2
Consideration shares issued (in shares) | shares				3,300,000	3,300,000
Supramax Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels at year end | vessel													2		2	6
Number of vessels sold | vessel			6										6	6	6
Total consideration			$ 142,500,000												$ 142,500,000
Number of vessels sold under partial share consideration | vessel			1										1	1
Consideration shares received (in shares) | shares			910,802											910,802	910,802
Share Price (in dollars per share) | $ / shares			$ 7.4										$ 7.4	$ 7.4	$ 7.4
Impairment loss on vessels and newbuildings			$ 1,100,000												$ 1,100,000
Gain (loss) on sale of assets and amortization of deferred gains													$ (600,000)
Proceeds from sale of vessels			$ 135,100,000												$ 135,100,000

VESSELS UNDER CAPITAL LEASES,91

VESSELS UNDER CAPITAL LEASES, NET - Summary of Book Value of Vessels Under Capital Lease (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Capital Leased Assets [Roll Forward]
Vessel under capital leases, beginning balance	$ 2,956	$ 8,354
Disposals		(3,473)
Impairment loss	(1,066)	(985)	$ (152,597)
Depreciation	(895)	(940)
Vessel under capital leases, ending balance	$ 2,061	$ 2,956	$ 8,354

VESSELS UNDER CAPITAL LEASES,92

VESSELS UNDER CAPITAL LEASES, NET - Summary of Outstanding Obligations Under Capital Leases (Details) $ in Thousands	Dec. 31, 2017USD ($)
Vessels Under Capital Leases [Abstract]
2,018	$ 5,944
2,019	5,944
2,020	1,791
Thereafter	0
Minimum lease payments	13,679
Less: imputed interest	(1,005)
Present value of obligations under capital leases	$ 12,674

VESSELS UNDER CAPITAL LEASES,93

VESSELS UNDER CAPITAL LEASES, NET - Summary of Purchase Options (Details) - Golden Eclipse [Member] $ in Thousands	Dec. 31, 2017USD ($)
Capital Leased Assets [Line Items]
April 2,018	$ 38,000
April 2,019	36,250
April 2,020	$ 33,550

VESSELS UNDER CAPITAL LEASES,94

VESSELS UNDER CAPITAL LEASES, NET - Additional Information (Details) - vessel	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Vessels Under Capital Leases [Abstract]
Number of vessels leased out under capital leases to third parties	1	1
Lease term	10 years
Remaining lease term	3 years	4 years

NEWBUILDINGS - Additional Infor

NEWBUILDINGS - Additional Information (Details) $ in Millions	1 Months Ended								12 Months Ended
	Sep. 30, 2017USD ($)	Feb. 28, 2017USD ($)vessel	Jan. 31, 2017USD ($)vessel	Oct. 31, 2016USD ($)	Aug. 31, 2016USD ($)	May 31, 2016USD ($)	Feb. 29, 2016USD ($)	Jan. 31, 2016USD ($)	Dec. 31, 2017USD ($)newbuilding_contract	Dec. 31, 2016USD ($)newbuilding_contract
Summary of Newbuildings [Line Items]
Pre-delivery installments									$ 19.5	$ 24.6
Other capitalized costs									$ 4.7	$ 3.7
Golden Barnet, Golden Bexley, Golden Scape and Golden Swift [Member]
Summary of Newbuildings [Line Items]
Payments to acquire newbuildings, agreed extras								$ 112.6
Golden Libra & Golden Virgo [Domain]
Summary of Newbuildings [Line Items]
Payments to acquire newbuildings, agreed extras			$ 31.3
Number of newbuildings delivered | vessel			2
Golden Leo [Member]
Summary of Newbuildings [Line Items]
Payments to acquire newbuildings, agreed extras					$ 15.7
Golden Nimbus [Member]
Summary of Newbuildings [Line Items]
Payments to acquire newbuildings, agreed extras	$ 29.3
Golden Surabaya And Golden Savannah [Member]
Summary of Newbuildings [Line Items]
Payments to acquire newbuildings, agreed extras		$ 67.7
Number of newbuildings delivered | vessel		2
Front Mediterranean [Member]
Summary of Newbuildings [Line Items]
Payments to acquire newbuildings, agreed extras				$ 33.5
Golden Fulham [Member]
Summary of Newbuildings [Line Items]
Payments to acquire newbuildings, agreed extras						$ 41.5
Front Caribbean [Member]
Summary of Newbuildings [Line Items]
Payments to acquire newbuildings, agreed extras							$ 33.4
Capesize Newbuildings [Member]
Summary of Newbuildings [Line Items]
Number of newbuilding contracts | newbuilding_contract									5	8
Supramax Newbuildings [Member]
Summary of Newbuildings [Line Items]
Number of newbuilding contracts | newbuilding_contract										2

NEWBUILDINGS - Movement in Newb

NEWBUILDINGS - Movement in Newbuilding Balance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Movement In Newbuilding Balance [Roll Forward]
New building installments, beginning balance	$ 180,562	$ 338,614
Installments and newbuilding supervision fees paid	152,501	265,083
Interest capitalized	0	2,258
Transfers to Vessels and Equipment	(227,336)	(425,393)
New building installments, ending balance	$ 105,727	$ 180,562

EQUITY METHOD INVESTMENTS - Mov

EQUITY METHOD INVESTMENTS - Movement in Equity Method Investments (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Apr. 30, 2016	Feb. 29, 2016	Jan. 31, 2016	Mar. 31, 2015	Feb. 28, 2015
Equity Method Investment [Roll Forward]
Beginning balance			$ 4,224
Distributions received from associated companies			(7,600)	$ (300)	$ (100)
Share of income / (loss)			4,620	(381)	(433)
Impairment loss			0	(2,142)	$ (4,600)
Ending Balance			$ 2,287	$ 4,224
United Freight Carriers [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage			50.00%	50.00%	50.00%
Equity Method Investment [Roll Forward]
Beginning balance		$ 770	$ 621	$ 770
Distributions received from associated companies			0	0
Share of income / (loss)			827	(149)	$ 140
Impairment loss			0	0	0
Equity contribution			0	0
Purchases				0
Ending Balance			$ 1,448	$ 621	$ 770
Golden Opus Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage			50.00%	50.00%	50.00%
Equity Method Investment [Roll Forward]
Beginning balance		4,958	$ 2,872	$ 4,958
Distributions received from associated companies			(7,300)	0
Share of income / (loss)			3,473	(694)	$ (821)
Impairment loss		$ (2,200)	0	(2,142)	(4,600)
Equity contribution	$ 800		1,000	750
Purchases				0
Ending Balance			$ 45	$ 2,872	4,958
Seateam Management Pte Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	21.25%	21.25%	22.19%	22.19%		22.19%
Equity Method Investment [Roll Forward]
Beginning balance		$ 497	$ 731	$ 497
Distributions received from associated companies			(257)	(256)
Share of income / (loss)			320	462
Impairment loss				0
Equity contribution			0	0
Purchases				28
Ending Balance			$ 794	$ 731	497
Capesize Chartering Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage			25.00%	25.00%			20.00%	20.00%	20.00%	20.00%
Equity Method Investment [Roll Forward]
Beginning balance		0	$ 0	$ 0
Distributions received from associated companies			0	0
Share of income / (loss)			0	0
Impairment loss				0
Equity contribution			0	0
Purchases				0
Ending Balance			0	0	0
Total [Member]
Equity Method Investment [Roll Forward]
Beginning balance		$ 6,225	4,224	6,225
Distributions received from associated companies			(7,557)	(256)
Share of income / (loss)			4,620	(381)
Impairment loss				(2,142)
Equity contribution			1,000	750
Purchases				28
Ending Balance			$ 2,287	$ 4,224	$ 6,225

EQUITY METHOD INVESTMENTS - Sum

EQUITY METHOD INVESTMENTS - Summary of Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Equity Method Investment, Summarized Financial Information, Assets [Abstract]
Current assets		$ 14,111	$ 13,620
Non current assets		389	22,299
Total assets		14,500	35,919
Equity Method Investment, Summarized Financial Information, Liabilities and Equity [Abstract]
Current liabilities		7,777	7,948
Long-term liabilities		35	17,762
Stockholders' equity		6,688	10,209
Equity investment of associated companies		2,314	4,208
Other		(27)	16
Investment in equity investees		2,287	4,224		$ 11,346
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Total operating revenue		20,045	22,244	$ 37,210
Gain sale of vessel		7,166	0	0
Total operating expense		(16,301)	(21,366)	(38,357)
Net operating (loss) income		10,910	878	(1,147)
Net (loss) income		10,232	15	(1,952)
Equity in net income (loss) of associated companies		4,662	(442)	(1,350)
Excluded (income) loss prior to the Merger in 2015		0	0	917
Other		(42)	61	0
Total equity in net income (loss) of associated companies including impairment losses		4,620	(381)	(433)
Impairment loss on investment		0	(2,142)	(4,600)
Total equity in net income (loss) of associated companies including impairment losses		4,620	(2,523)	$ (5,033)
Golden Opus Inc. [Member]
Equity Method Investment, Summarized Financial Information, Assets [Abstract]
Current assets		119	1,715
Non current assets		0	21,936
Total assets		119	23,651
Equity Method Investment, Summarized Financial Information, Liabilities and Equity [Abstract]
Current liabilities		29	155
Long-term liabilities		0	17,751
Stockholders' equity		$ 90	$ 5,745
Percentage of ownership in equity investees		50.00%	50.00%	50.00%
Equity investment of associated companies		$ 45	$ 2,872
Other		0	0
Investment in equity investees		45	2,872	$ 4,958
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Total operating revenue		3,817	4,262	5,739
Gain sale of vessel		7,166	0	0
Total operating expense		(3,324)	(4,905)	(8,864)
Net operating (loss) income		7,659	(643)	(3,125)
Net (loss) income		6,945	(1,299)	(3,742)
Equity in net income (loss) of associated companies		3,473	(650)	(1,871)
Excluded (income) loss prior to the Merger in 2015		0	0	1,050
Other		0	(44)	0
Total equity in net income (loss) of associated companies including impairment losses		3,473	(694)	(821)
Impairment loss on investment	$ (2,200)	0	(2,142)	(4,600)
Total equity in net income (loss) of associated companies including impairment losses		3,473	(2,836)	$ (5,421)
United Freight Carriers [Member]
Equity Method Investment, Summarized Financial Information, Assets [Abstract]
Current assets		4,125	1,819
Non current assets		0	0
Total assets		4,125	1,819
Equity Method Investment, Summarized Financial Information, Liabilities and Equity [Abstract]
Current liabilities		1,227	577
Long-term liabilities		0	0
Stockholders' equity		$ 2,898	$ 1,242
Percentage of ownership in equity investees		50.00%	50.00%	50.00%
Equity investment of associated companies		$ 1,448	$ 621
Other		0	0
Investment in equity investees		1,448	621	$ 770
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Total operating revenue		7,413	9,591	23,977
Gain sale of vessel		0	0	0
Total operating expense		(5,914)	(9,885)	(23,450)
Net operating (loss) income		1,499	(294)	527
Net (loss) income		1,654	(297)	489
Equity in net income (loss) of associated companies		827	(149)	245
Excluded (income) loss prior to the Merger in 2015		0	0	(105)
Other		0	0	0
Total equity in net income (loss) of associated companies including impairment losses		827	(149)	140
Impairment loss on investment		0	0	0
Total equity in net income (loss) of associated companies including impairment losses		827	(149)	140
Other [Member]
Equity Method Investment, Summarized Financial Information, Assets [Abstract]
Current assets		9,867	10,086
Non current assets		389	363
Total assets		10,256	10,449
Equity Method Investment, Summarized Financial Information, Liabilities and Equity [Abstract]
Current liabilities		6,521	7,216
Long-term liabilities		35	11
Stockholders' equity		3,700	3,222
Equity investment of associated companies		821	715
Other		(27)	16
Investment in equity investees		794	731
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Total operating revenue		8,815	8,391	7,494
Gain sale of vessel		0	0	0
Total operating expense		(7,063)	(6,576)	(6,043)
Net operating (loss) income		1,752	1,815	1,451
Net (loss) income		1,633	1,611	1,301
Equity in net income (loss) of associated companies		362	357	276
Excluded (income) loss prior to the Merger in 2015		0	0	(28)
Other		(42)	105	0
Total equity in net income (loss) of associated companies including impairment losses		320	462	248
Impairment loss on investment		0	0	0
Total equity in net income (loss) of associated companies including impairment losses		$ 320	$ 462	$ 248
Other [Member] | Minimum [Member]
Equity Method Investment, Summarized Financial Information, Liabilities and Equity [Abstract]
Percentage of ownership in equity investees		21.25%	21.25%	21.25%
Other [Member] | Maximum [Member]
Equity Method Investment, Summarized Financial Information, Liabilities and Equity [Abstract]
Percentage of ownership in equity investees		25.00%	25.00%	25.00%

EQUITY METHOD INVESTMENTS - Add

EQUITY METHOD INVESTMENTS - Additional Information (Details)	1 Months Ended			3 Months Ended	12 Months Ended
	Apr. 30, 2016USD ($)$ / sharesshares	Mar. 31, 2016USD ($)	Feb. 29, 2016joint_venture_partner	Mar. 31, 2016USD ($)	Dec. 31, 2017USD ($)joint_venture_partner	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Apr. 30, 2016$ / shares	Jan. 31, 2016	Mar. 31, 2015USD ($)	Feb. 28, 2015USD ($)	Oct. 07, 2014$ / shares
Schedule of Equity Method Investments [Line Items]
Dividends received from equity method investees					$ 7,600,000	$ 300,000	$ 100,000
Share price (in SGD per share) | $ / shares												$ 7.85
Gain on purchase					0	24,000	0
Impairment loss					0	2,142,000	$ 4,600,000
Equity method investments					2,287,000	4,224,000				$ 11,346,000
Golden Opus Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Dividends received from equity method investees					$ 7,300,000	$ 0
Number of joint venture partners | joint_venture_partner					2
Percentage of loan facility						50.00%
Ownership percentage					50.00%	50.00%	50.00%
Equity contribution		$ 800,000			$ 1,000,000	$ 750,000
Impairment loss				$ 2,200,000	0	2,142,000	$ 4,600,000
Carrying value		5,300,000		5,300,000			9,600,000
Fair value of equity method investments		$ 3,100,000		$ 3,100,000			5,000,000
Equity method investments					45,000	2,872,000	4,958,000
Seateam Management Pte Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Dividends received from equity method investees					$ 257,000	$ 256,000
Shares acquired | shares	5,156
Share price (in SGD per share) | $ / shares								$ 1
Ownership percentage		21.25%		21.25%	22.19%	22.19%		22.19%
Net asset value (in dollars per share) | $ / shares	$ 5.47
Gain on purchase	$ 24,000
Equity contribution					$ 0	$ 0
Impairment loss						0
Equity method investments					794,000	731,000	497,000
Capesize Chartering Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Dividends received from equity method investees					$ 0	$ 0
Number of joint venture partners | joint_venture_partner			4
Ownership percentage			20.00%		25.00%	25.00%			20.00%	20.00%	20.00%
Equity contribution					$ 0	$ 0
Impairment loss						0
Equity method investments					$ 0	0	0				$ 0
Golden Opus Inc. [Member] | Senior Notes [Member]
Schedule of Equity Method Investments [Line Items]
Principal amount						$ 22,000,000	$ 22,000,000

OTHER LONG TERM ASSETS - Summar

OTHER LONG TERM ASSETS - Summary of Other Long Term Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2015
Other long term assets [Line Items]
Other long term assets	$ 10,681	$ 7,527	$ 9,116
Deferred tax asset	294	343
Ship Finance International Ltd [Member]
Other long term assets [Line Items]
Prepaid charterhire expenses (straight-lining of lease expense)	3,700	5,200
Other Long Term Assets [Member]
Other long term assets [Line Items]
Other long term assets	1,500	2,000
Prepaid Charter Hire Expenses [Member] | Ship Finance International Ltd [Member]
Other long term assets [Line Items]
Prepaid charterhire expenses (straight-lining of lease expense)	$ 8,887	$ 5,184

OTHER LONG TERM ASSETS - Sum101

OTHER LONG TERM ASSETS - Summary of Outstanding Seller's Credit Receivable (Details) $ in Thousands	Dec. 31, 2017USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
2,018	$ 500
2,019	1,500
2,020	0
2,021	0
2,022	0
Thereafter	0
Total	$ 2,000

OTHER LONG TERM ASSETS - Additi

OTHER LONG TERM ASSETS - Additional Information (Details)	1 Months Ended	3 Months Ended	12 Months Ended
	Apr. 30, 2015USD ($)vessel	Sep. 30, 2015USD ($)vessel	Dec. 31, 2017USD ($)vessel	Dec. 31, 2016USD ($)vessel	Dec. 31, 2015USD ($)
Other long term assets [Line Items]
Total minimum lease period	13 years	13 years
Other long term assets acquired upon the merger, Principal				$ 3,000,000
Other long term assets acquired upon the merger, Interest Rate				1.00%
Provision for uncollectible receivables			$ 0	$ 1,800,000	$ 4,729,000
Ship Finance International Ltd [Member]
Other long term assets [Line Items]
Prepaid charterhire expenses (straight-lining of lease expense)			$ 3,700,000	$ 5,200,000
KSL China, Battersea, Belgravia, Golden Future, Golden Zhejiang, Golden Zhoushan, Golden Beijing and Golden Magnum [Member] | Ship Finance International Ltd [Member]
Other long term assets [Line Items]
Number of vessels sold and leased back | vessel	8	8	8	8
Charter contract term	10 years	10 years
Daily time charter rate, period 1	$ 17,600	$ 17,600		$ 17,600
Contractual charter term, period 1	7 years	7 years		7 years
Daily time charter rate, period 2	$ 14,900	$ 14,900		$ 14,900
Contractual charter term, period 2	3 years	6 years		3 years
Charter term extension	3 years	3 years
Other Long Term Assets [Member]
Other long term assets [Line Items]
Interest income			$ 200,000	$ 200,000	$ 600,000

DEBT - Summary of Debt (Details

DEBT - Summary of Debt (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Feb. 29, 2016	Dec. 31, 2015	Mar. 31, 2015	Feb. 28, 2015
Debt Instrument [Line Items]
Deferred charges	$ (3,935,000)	$ (5,350,000)		$ (5,797,000)
Total debt	1,244,459,000	1,058,418,000		$ 928,496,000	$ 391,717,000
Less: current portion	(109,671,000)	0
Noncurrent portion	1,134,788,000	1,058,418,000
Secured Debt [Member]
Debt Instrument [Line Items]
Long-term debt	1,069,538,000	886,468,000
Term Loan Facility of $33.9 Million [Member]
Debt Instrument [Line Items]
Principal amount	33,900,000		$ 33,900,000
Long-term debt	24,317,000	28,275,000
Total debt	24,317,000	28,275,000
Term Loan Facility of $82.5 Million [Member]
Debt Instrument [Line Items]
Principal amount	82,500,000		82,500,000
Long-term debt	35,733,000	44,367,000
Total debt	35,733,000	44,367,000
Term Loan Facility of $284 Million [Member]
Debt Instrument [Line Items]
Principal amount	284,000,000		284,000,000
Long-term debt	190,870,000	258,538,000
Total debt	190,870,000	258,538,000
Term Loan Facility of $420 Million [Member]
Debt Instrument [Line Items]
Principal amount	420,000,000		420,000,000
Long-term debt	352,432,000	388,545,000
Total debt	352,432,000	388,545,000
Term Loan Facility of $425 Million [Member]
Debt Instrument [Line Items]
Principal amount	425,000,000	425,000,000	$ 425,000,000			$ 425,000,000
Long-term debt	220,868,000	166,743,000
Total debt	220,868,000	166,742,000
Term Loan Facility Of $102.7 Million [Member]
Debt Instrument [Line Items]
Principal amount	102,700,000
Long-term debt	102,765,000	0
Total debt	102,700,000
Term Loan Facility of $73.4 Million [Member]
Debt Instrument [Line Items]
Principal amount	73,400,000
Long-term debt	67,739,000	0
Total debt	67,700,000
Term Loan Facility of $80.2 Million [Member]
Debt Instrument [Line Items]
Principal amount	80,200,000
Long-term debt	74,814,000	0
Total debt	74,800,000
Convertible Debt [Member]
Debt Instrument [Line Items]
Long-term debt	$ 178,856,000	$ 177,300,000

DEBT - Summary of Movements in

DEBT - Summary of Movements in Debt (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Movement In Debt Balance [Roll Forward]
Deferred charges, beginning balance		$ (5,350)	$ (5,797)
Total, beginning balance		1,058,418	928,496
Loan repayments		(163,770)	(22,219)
Loan draw downs		337,736	142,200
Amortization of purchase price adjustment		10,360	9,494
Convertible bond loss on extinguishment	$ 300	300
Capitalized financing fees and expenses			(898)
Amortization of capitalized fees and expenses		1,415	1,345	$ 1,562
Deferred charges, ending balance	(3,935)	(3,935)	(5,350)	(5,797)
Total, ending balance	1,244,459	1,244,459	1,058,418	928,496
Secured Debt [Member]
Movement In Debt Balance [Roll Forward]
Long term debt, beginning balance		886,468	761,739
Loan repayments		(154,666)	(17,471)
Loan draw downs		337,736	142,200
Long term debt, ending balance	1,069,538	1,069,538	886,468	761,739
Convertible Debt [Member]
Movement In Debt Balance [Roll Forward]
Long term debt, beginning balance		177,300	167,815
Loan repayments		(9,104)	0
Loan draw downs		0	0
Amortization of purchase price adjustment		10,360	9,485	6,600
Convertible bond loss on extinguishment		300
Long term debt, ending balance	178,856	178,856	177,300	167,815
Seller's Credit [Member] | Hemen Holdings Ltd [Domain]
Movement In Debt Balance [Roll Forward]
Long term debt, beginning balance		0	4,739
Loan repayments			(4,748)
Amortization of purchase price adjustment			9
Long term debt, ending balance	$ 0	$ 0	$ 0	$ 4,739

DEBT - Loan Facilities Addition

DEBT - Loan Facilities Additional Information (Details)	1 Months Ended				11 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)vessel	Mar. 31, 2016USD ($)	Jan. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Nov. 30, 2015	Dec. 31, 2017USD ($)vesselloan_facilitytranch	Dec. 31, 2016USD ($)vessel	Dec. 31, 2013vessel	Jan. 31, 2022USD ($)	Nov. 30, 2021USD ($)	Oct. 31, 2021USD ($)	Jan. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Nov. 30, 2019USD ($)	Oct. 31, 2019USD ($)	Feb. 29, 2016USD ($)	Sep. 30, 2015	Mar. 31, 2015USD ($)	Feb. 28, 2015USD ($)
Debt Instrument [Line Items]
Number of vessels acquired | vessel	16							2
Debt assumed	$ 285,200,000
Minimum cash requirement						$ 20,000,000
Market adjusted equity						25.00%
Loan repayments						$ 163,770,000	$ 22,219,000
Long term debt				$ 928,496,000		$ 1,244,459,000	$ 1,058,418,000											$ 391,717,000
Number of vessels serving as security | vessel						59	45
Repayments deferred						$ 86,800,000	$ 40,500,000
Minimum value covenant																100.00%
Minimum [Member]
Debt Instrument [Line Items]
Minimum value percentage						125.00%
Maximum [Member]
Debt Instrument [Line Items]
Minimum value percentage						135.00%
Quintana Shipping Ltd [Domain]
Debt Instrument [Line Items]
Number of vessels acquired | vessel						14
Term Loan Facility of $420 Million [Member]
Debt Instrument [Line Items]
Principal amount						$ 420,000,000										$ 420,000,000
Periodic payments			$ 5,200,000
Loan repayments						$ 36,100,000	7,300,000
Variable interest rate						2.50%
Long term debt						$ 352,432,000	388,545,000
Term loan facility, amount available, undrawn						$ 0
Number of vessels financed						14
Loan drawdowns						$ 0	0
Repayments deferred							$ 15,500,000
Number of Tranches, Value 1 | vessel						14
Debt Instrument, Value Per Tranche, Value 1						$ 30,000,000
Payment terms						20 years
Term Loan Facility of $420 Million [Member] | Capesize Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security						14	14
Term Loan Facility of $425 Million [Member]
Debt Instrument [Line Items]
Principal amount						$ 425,000,000	$ 425,000,000									425,000,000			$ 425,000,000
Quarterly repayment to principal borrowed ratio				1.5625%	1.25%
Loan repayments						$ 20,900,000	2,300,000
Variable interest rate				2.20%	2.00%	2.00%
Long term debt						$ 220,868,000	166,742,000
Term loan facility, amount available, undrawn						$ 150,000,000
Number of vessels financed						14
Loan drawdowns						$ 75,000,000	$ 142,200,000
Repayments deferred						$ 7,600,000
Number of Tranches, Value 1 | tranch						12
Debt Instrument, Value Per Tranche, Value 1						$ 30,000,000
Number of Tranches, Value 2 | tranch						2
Debt Instrument, Value Per Tranche, Value 2						$ 32,500,000
Minimum value covenant				70.00%													55.00%
Number of vessels delivered | vessel						3	5
Term Loan Facility of $425 Million [Member] | Capesize Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security						9	6
Term Loan Facility of $33.9 Million [Member]
Debt Instrument [Line Items]
Principal amount						$ 33,900,000										33,900,000
Periodic payments						600,000
Balloon payment						22,600,000
Loan repayments						$ 4,000,000	$ 600,000
Variable interest rate						2.75%
Long term debt						$ 24,317,000	28,275,000
Term loan facility, amount available, undrawn						$ 0
Long-term Debt assumed upon the Merger																		30,500,000
Number of vessels financed | vessel						2
Loan drawdowns						$ 0	$ 0
Repayments deferred						$ 1,700,000
Term Loan Facility of $33.9 Million [Member] | Panamax Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security						2	2
Term Loan Facility of $82.5 Million [Member]
Debt Instrument [Line Items]
Principal amount						$ 82,500,000										82,500,000
Periodic payments						1,200,000
Balloon payment						32,000,000
Loan repayments						$ 8,600,000	$ 3,200,000
Variable interest rate						2.75%
Long term debt						$ 35,733,000	44,367,000
Term loan facility, amount available, undrawn						$ 0
Long-term Debt assumed upon the Merger																		67,800,000
Number of vessels financed						6
Loan drawdowns						$ 0	$ 0
Repayments deferred						$ 3,700,000
Term Loan Facility of $82.5 Million [Member] | Panamax Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security						4	4
Term Loan Facility of $284 Million [Member]
Debt Instrument [Line Items]
Principal amount						$ 284,000,000										$ 284,000,000
Periodic payments						4,000,000
Balloon payment						202,500,000
Loan repayments		$ 67,700,000					$ 4,000,000
Long term debt						190,870,000	258,538,000
Term loan facility, amount available, undrawn						$ 0
Long-term Debt assumed upon the Merger																		$ 260,500,000
Number of vessels financed | vessel						19
Loan drawdowns						$ 0	$ 0
Repayments deferred						$ 12,000,000
Term Loan Facility of $284 Million [Member] | Capesize Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security | vessel						2	2
Term Loan Facility of $284 Million [Member] | Panamax Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security | vessel						12	12
Term Loan Facility of $284 Million [Member] | Supramax Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security | vessel						2	5
Term Loan Facilities of $102.7 Million, $73.4 Million & $80.2 Million [Member]
Debt Instrument [Line Items]
Debt assumed						$ 262,700,000
Number of loan facilities | loan_facility						3
Prepayment of debt installments						$ 17,400,000
Periodic payments						5,800,000
Deferred repayment amount						40,600,000
Term Loan Facilities of $102.7 Million, $73.4 Million & $80.2 Million [Member] | Holiday Period Through June 2019 [Member]
Debt Instrument [Line Items]
Minimum cash requirement						$ 10,000,000
Minimum value percentage						105.00%
Term Loan Facilities of $102.7 Million, $73.4 Million & $80.2 Million [Member] | After June 2019 [Member]
Debt Instrument [Line Items]
Minimum cash requirement						$ 10,000,000
Market adjusted equity						25.00%
Term Loan Facilities of $102.7 Million, $73.4 Million & $80.2 Million [Member] | Minimum [Member] | After June 2019 [Member]
Debt Instrument [Line Items]
Minimum value percentage						125.00%
Term Loan Facilities of $102.7 Million, $73.4 Million & $80.2 Million [Member] | Maximum [Member] | After June 2019 [Member]
Debt Instrument [Line Items]
Minimum value percentage						135.00%
Term Loan Facilities of $102.7 Million, $73.4 Million & $80.2 Million [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Average variable interest rate						3.10%
Term Loan Facility Of $102.7 Million [Member]
Debt Instrument [Line Items]
Principal amount						$ 102,700,000
Loan repayments						$ 6,400,000
Number of tranches | tranch						5
Long term debt						$ 102,700,000
Term loan facility, amount available, undrawn						$ 0
Term Loan Facility Of $102.7 Million [Member] | Capesize Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security | vessel						2
Term Loan Facility Of $102.7 Million [Member] | Panamax Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security | vessel						3
Term Loan Facility Of $102.7 Million [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Balloon payment											$ 60,200,000	$ 28,000,000
Term Loan Facility Of $102.7 Million [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Variable interest rate						3.00%
Term Loan Facility Of $102.7 Million [Member] | Quintana Shipping Ltd [Domain]
Debt Instrument [Line Items]
Number of vessels acquired | vessel						5
Term Loan Facility of $73.4 Million [Member]
Debt Instrument [Line Items]
Principal amount						$ 73,400,000
Loan repayments						$ 5,700,000
Number of tranches | tranch						5
Long term debt						$ 67,700,000
Term loan facility, amount available, undrawn						$ 0
Term Loan Facility of $73.4 Million [Member] | Capesize Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security | vessel						1
Term Loan Facility of $73.4 Million [Member] | Panamax Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security | vessel						4
Term Loan Facility of $73.4 Million [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Balloon payment									$ 21,600,000				$ 39,400,000
Term Loan Facility of $73.4 Million [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Variable interest rate						3.25%
Term Loan Facility of $73.4 Million [Member] | Quintana Shipping Ltd [Domain]
Debt Instrument [Line Items]
Number of vessels acquired | vessel						5
Term Loan Facility of $80.2 Million [Member]
Debt Instrument [Line Items]
Principal amount						$ 80,200,000
Loan repayments						$ 5,400,000
Number of tranches | tranch						4
Long term debt						$ 74,800,000
Term loan facility, amount available, undrawn						$ 0
Term Loan Facility of $80.2 Million [Member] | Capesize Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security | vessel						2
Term Loan Facility of $80.2 Million [Member] | Panamax Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security | vessel						1
Term Loan Facility of $80.2 Million [Member] | Newcastlemax Vessels [Member]
Debt Instrument [Line Items]
Number of vessels serving as security | vessel						1
Term Loan Facility of $80.2 Million [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Balloon payment										$ 24,600,000				$ 33,300,000	$ 11,100,000
Term Loan Facility of $80.2 Million [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Variable interest rate						2.75%
Term Loan Facility of $80.2 Million [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Variable interest rate						3.35%
Term Loan Facility of $80.2 Million [Member] | Quintana Shipping Ltd [Domain]
Debt Instrument [Line Items]
Number of vessels acquired | vessel						4

DEBT - Loan Amendments and Cash

DEBT - Loan Amendments and Cash Sweep Mechanism Additional Information (Details) - USD ($)	1 Months Ended	12 Months Ended
	Feb. 29, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Feb. 28, 2015
Debt Instrument [Line Items]
Minimum value covenant	100.00%
Minimum value increase, option one	125.00%
Minimum value increase, option two	135.00%
Increase on variable rate	4.25%
Loan amendment free projected cash		$ 25,000,000
Repayments deferred		86,800,000	$ 40,500,000
Term Loan Facility of $420 Million [Member]
Debt Instrument [Line Items]
Principal amount	$ 420,000,000	420,000,000
Repayments deferred			15,500,000
Term Loan Facility of $425 Million [Member]
Debt Instrument [Line Items]
Principal amount	425,000,000	425,000,000	$ 425,000,000			$ 425,000,000
Minimum value covenant				70.00%	55.00%
Proceeds from issuance of debt	25,000,000
Repayments deferred		7,600,000
Term Loan Facility of $33.9 Million [Member]
Debt Instrument [Line Items]
Principal amount	33,900,000	33,900,000
Repayments deferred		1,700,000
Term Loan Facility of $82.5 Million [Member]
Debt Instrument [Line Items]
Principal amount	82,500,000	82,500,000
Repayments deferred		3,700,000
Term Loan Facility of $284 Million [Member]
Debt Instrument [Line Items]
Principal amount	$ 284,000,000	284,000,000
Repayments deferred		12,000,000
Senior Secured Term Loan Facility Of $22 Million [Member] | Golden Opus Inc. [Member]
Debt Instrument [Line Items]
Principal amount		$ 22,000,000
Percentage of debt guaranteed for joint venture		50.00%

DEBT - Financial Covenants Addi

DEBT - Financial Covenants Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Minimum cash requirement	$ 20,000,000
Minimum cash requirement percentage	5.00%
Market adjusted equity	25.00%
Restricted cash	$ 60,600,000	$ 53,800,000
Minimum [Member]
Debt Instrument [Line Items]
Minimum value percentage	125.00%
Maximum [Member]
Debt Instrument [Line Items]
Minimum value percentage	135.00%

DEBT - US Dollar Denominated Fi

DEBT - US Dollar Denominated Fixed Rate Debt Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 31, 2015	Dec. 31, 2017	Mar. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Feb. 29, 2016	Mar. 31, 2014
Debt Instrument [Line Items]
Convertible bond loss on extinguishment		$ 300		$ 300
Amortization of purchase price adjustment				$ 10,360	$ 9,494
Convertible Debt [Member]
Debt Instrument [Line Items]
Stated interest rate		3.07%		3.07%				3.07%
Principal amount	$ 200,000		$ 200,000					$ 200,000
Payment terms					5 years
Convertible conversion price (in dollars per share)		$ 88.15		$ 88.15	$ 88.15		$ 87.19
Long-term Debt assumed upon the Merger	$ 161,200		$ 161,200
Convertible Bond Fair Value Price Upon Merger	80.60%		80.60%
Purchase price adjustment			$ 38,800
Redemption price	100.00%	96.85%
Percentage of bonds redeemed					90.00%
Shares issued (in shares)				2,268,860	2,268,860
Debt repurchase		$ 9,400		$ 9,400
Convertible bond loss on extinguishment				300
Amortization of purchase price adjustment				$ 10,360	$ 9,485	$ 6,600

DEBT - Seller's Credit and Defe

DEBT - Seller's Credit and Deferred Charges Additional Information (Details)	1 Months Ended	12 Months Ended
	Mar. 31, 2017vessel	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2013vessel
Debt Instrument [Line Items]
Amortization of purchase price adjustment		$ 10,360,000	$ 9,494,000
Number of vessels acquired | vessel	16			2
Deferred charges		$ 3,900,000	5,400,000
Other Debt Obligations [Member]
Debt Instrument [Line Items]
Principal amount			4,800,000
Amortization of purchase price adjustment			$ 8,300

DEBT - Summary of Debt Maturiti

DEBT - Summary of Debt Maturities (Details) $ in Thousands	Dec. 31, 2017USD ($)
Debt Disclosure [Abstract]
2,018	$ 109,671
2,019	496,558
2,020	364,767
2,021	267,542
2,022	21,600
Thereafter	0
Total	1,260,138
Amortization of purchase price adjustment	(11,744)
Long-term Debt	$ 1,248,394

DEBT - Assets Pledged and Weigh

DEBT - Assets Pledged and Weighted Average Interest Rate Additional Information (Details) $ in Thousands	Dec. 31, 2017USD ($)vessel	Dec. 31, 2016USD ($)vessel	Dec. 31, 2015USD ($)	Mar. 31, 2015USD ($)	Mar. 31, 2014
Debt Instrument [Line Items]
Number of vessels serving as security | vessel	59	45
Vessels and equipment, net	$ 2,215,003	$ 1,758,939	$ 1,488,205	$ 632,997
Weighted average interest rate	2.69%	2.37%
Convertible Debt [Member]
Debt Instrument [Line Items]
Stated interest rate	3.07%				3.07%
Collateral Pledged [Member]
Debt Instrument [Line Items]
Vessels and equipment, net	$ 2,130,000	$ 1,733,200

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Voyage expenses	$ 7,388	$ 3,467
Ship operating expenses	6,937	6,424
Administrative expenses	1,510	935
Tax expenses	9	12
Interest expenses	8,460	7,029
Accrued expenses	$ 24,304	$ 17,867

OTHER CURRENT LIABILITIES (Deta

OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Other Liabilities Disclosure [Abstract]
Deferred charter revenue	$ 21,704	$ 10,509
Deferred gain on sale and leaseback	258	258
Unfavorable charter party-in contracts	672	672	$ 674	$ 1,567
Payroll and Employee Tax accruals	488	396
Other current liabilities	8,967	2,782
Total other current liabilities	$ 32,089	$ 14,617		$ 28,180

DERIVATIVE INSTRUMENTS PAYAB114

DERIVATIVE INSTRUMENTS PAYABLE AND RECEIVABLE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Derivative [Line Items]
Asset Derivatives - Fair Value	$ 3,748	$ 1,594
Liability Derivatives - Fair Value	2,293	1,990
Interest expense	(59,840)	(45,511)	$ (29,831)
Realized gain (loss)	1,851	3,363	(2,429)
Gain (loss) on derivatives	145	(675)	(6,939)
Interest Rate Swap [Member]
Derivative [Line Items]
Asset Derivatives - Fair Value	2,864	1,502
Liability Derivatives - Fair Value	1,914	1,777
Interest expense	(1,705)	(1,807)	(2,127)
Unrealized fair value gain (loss)	1,225	(38)	(394)
Currency Swap [Member]
Derivative [Line Items]
Asset Derivatives - Fair Value	83	0
Liability Derivatives - Fair Value	66	213
Unrealized fair value gain (loss)	25	(27)	(251)
Realized gain (loss)	204	(3)	68
Forward Freight Agreements [Member]
Derivative [Line Items]
Realized gain (loss)	(517)	42	(606)
Bunker derivatives [Member]
Derivative [Line Items]
Asset Derivatives - Fair Value	801	92
Liability Derivatives - Fair Value	313	0
Unrealized fair value gain (loss)	291	2,676	(1,776)
Realized gain (loss)	$ 622	$ (1,518)	$ (1,853)

OTHER LONG TERM LIABILITIES (De

OTHER LONG TERM LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2015
Other Liabilities Disclosure [Abstract]
Deferred gain on sale and leaseback	$ 2,485	$ 2,744
Other long term liabilities	5,574	5,468
Total other long term liabilities	$ 8,059	$ 8,212	$ 434

SHARE CAPITAL - Summary of Auth

SHARE CAPITAL - Summary of Authorized Capital (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Oct. 24, 2016	Sep. 30, 2016	Aug. 31, 2016	Jul. 31, 2016	Feb. 29, 2016	Jan. 31, 2016
Class of Stock [Line Items]
Common stock, shares, authorized				150,000,000	120,000,000		600,000,000	500,000,000
Share capital, par value (in dollars per share)	$ 0.05		$ 0.05	$ 0.05	$ 0.05	$ 0.01	$ 0.01	$ 0.01
Common Stock $0.05 Par Value [Member]
Class of Stock [Line Items]
Common stock, shares, authorized	150,000,000
Share capital, par value (in dollars per share)	$ 0.05
Common Stock, value, authorized	$ 7,500	$ 7,500

SHARE CAPITAL - Additional Info

SHARE CAPITAL - Additional Information (Details) kr / shares in Units, $ / shares in Units, kr in Millions	Oct. 24, 2016$ / sharesshares	Aug. 01, 2016	Dec. 31, 2017USD ($)$ / sharesshares	Oct. 31, 2017USD ($)shares	Mar. 31, 2017USD ($)vesselshares	Feb. 29, 2016USD ($)$ / sharesshares	Feb. 29, 2016NOK (kr)shares	Mar. 31, 2016USD ($)	Dec. 31, 2017USD ($)vessel$ / sharesshares	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2013vessel	Sep. 30, 2016USD ($)$ / sharesshares	Aug. 31, 2016USD ($)$ / sharesshares	Jul. 31, 2016USD ($)$ / sharesshares	Feb. 29, 2016kr / shares	Jan. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2014shares
Class of Stock [Line Items]
Common stock, value, authorized | $						$ 6,000,000							$ 7,500,000	$ 6,000,000			$ 5,000,000
Common stock, shares, authorized						600,000,000							150,000,000	120,000,000			500,000,000
Share capital, par value (in dollars per share) | $ / shares	$ 0.05		$ 0.05			$ 0.01			$ 0.05				$ 0.05	$ 0.05	$ 0.01		$ 0.01
Reverse stock split		0.2
Number of vessels acquired | vessel					16							2
Shares issued (in shares)						68,700,000	68,700,000		16,372,505
Net proceeds from share issuance | $								$ 205,400,000	$ 122,523,000	$ 205,355,000	$ 0
Proceeds from issuance of private placement | $								208,000,000
Stock issuance costs | $								$ 2,600,000
Common stock shares outstanding (in shares)			142,197,697						142,197,697	105,965,192
Private Placement [Member]
Class of Stock [Line Items]
Shares issued (in shares)									0	68,736,800
Subsequent Offering [Member]
Class of Stock [Line Items]
Shares issued (in shares)									0	2,673,858
Common Stock [Member]
Class of Stock [Line Items]
Shares issued (in shares)									36,232,505	71,430,612	18,522,116
Common stock shares outstanding (in shares)			142,197,697						142,197,697	105,965,192	34,535,128							16,024,310
Common Stock [Member] | Equity Offering [Member]
Class of Stock [Line Items]
Proceeds from issuance of shares | $				$ 66,000,000	$ 60,000,000
Common Stock [Member] | Private Placement [Member]
Class of Stock [Line Items]
Proceeds from issuance of shares						$ 200,000,000	kr 1,700
Shares issued (in shares)				7,764,705	8,607,800	68,736,800	68,736,800
Share price (in USD per share) | kr / shares																kr 25
Common Stock [Member] | Subsequent Offering [Member]
Class of Stock [Line Items]
Proceeds from issuance of shares						$ 8,000,000	kr 66.8
Shares issued (in shares)						2,673,858	2,673,858
Share price (in USD per share) | kr / shares																kr 25
Shares authorized (in shares)						6,873,680	6,873,680
Consideration receivable threshold						$ 20,000,000	kr 171.8
2016 Share Option Scheme [Member]
Class of Stock [Line Items]
Proceeds from issuance of shares | $			$ 252,000
Shares issued for Equity Incentive Plan (in shares)			60,000						60,000
Equity Incentive Plan 2010 [Member]
Class of Stock [Line Items]
Shares issued for Equity Incentive Plan (in shares)	19,954
Scenario, Previously Reported [Member]
Class of Stock [Line Items]
Common stock, value, authorized | $															$ 6,000,000
Common stock, shares, authorized															600,000,000
Share capital, par value (in dollars per share) | $ / shares														$ 0.05	$ 0.01
Hemen Holdings Ltd [Member]
Class of Stock [Line Items]
Number of vessels acquired | vessel									3
Shares issued for consideration (in shares)									5,300,000
Quintana Vessels [Member]
Class of Stock [Line Items]
Number of vessels acquired | vessel									14
Quintana Shipping Ltd [Domain]
Class of Stock [Line Items]
Number of vessels acquired | vessel									14
Shares issued for consideration (in shares)									14,500,000
Quintana Shipping Ltd [Domain] | Quintana Vessels [Member]
Class of Stock [Line Items]
Number of vessels acquired | vessel					14

SHARE CAPITAL - Summary of Shar

SHARE CAPITAL - Summary of Share Capital (Details) - shares	1 Months Ended				12 Months Ended
	Dec. 31, 2017	Oct. 31, 2017	Mar. 31, 2017	Feb. 29, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Increase (Decrease) In Share Capital [Roll Forward]
Balance at beginning of year (in shares)					105,965,192
Shares issued (in shares)				68,700,000	16,372,505
Balance at end of year (in shares)	142,197,697				142,197,697	105,965,192
2016 Share Option Scheme [Member]
Increase (Decrease) In Share Capital [Roll Forward]
Shares issued for Equity Incentive Plan (in shares)	60,000				60,000
Quintana Shipping Ltd [Domain]
Increase (Decrease) In Share Capital [Roll Forward]
Consideration shares issued (in shares)					14,500,000
Private Placement [Member]
Increase (Decrease) In Share Capital [Roll Forward]
Shares issued (in shares)					0	68,736,800
Shares canceled (in shares)					0	(548)
Subsequent Offering [Member]
Increase (Decrease) In Share Capital [Roll Forward]
Shares issued (in shares)					0	2,673,858
Management [Member]
Increase (Decrease) In Share Capital [Roll Forward]
Settlement of RSUs (in shares)					0	19,954
Hemen Holdings Ltd [Member]
Increase (Decrease) In Share Capital [Roll Forward]
Consideration shares issued (in shares)					5,300,000
Common Stock [Member]
Increase (Decrease) In Share Capital [Roll Forward]
Balance at beginning of year (in shares)					105,965,192	34,535,128	16,024,310
Shares issued (in shares)					36,232,505	71,430,612	18,522,116
Shares canceled (in shares)					0	(548)	(11,298)
Balance at end of year (in shares)	142,197,697				142,197,697	105,965,192	34,535,128
Common Stock [Member] | Private Placement [Member]
Increase (Decrease) In Share Capital [Roll Forward]
Shares issued (in shares)		7,764,705	8,607,800	68,736,800
Common Stock [Member] | Subsequent Offering [Member]
Increase (Decrease) In Share Capital [Roll Forward]
Shares issued (in shares)				2,673,858

RESTRICTED STOCK UNITS - Additi

RESTRICTED STOCK UNITS - Additional Information (Details) - USD ($) $ in Thousands	Oct. 24, 2016	Sep. 22, 2016	Sep. 30, 2010	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares reserved			160,000
Vesting period			3 years
Share-based payment award, award vesting period			1/3
Restricted Stock Units Forfeited by Management Companies [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU settled (in shares)		11,744
Restricted Stock Units Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock unit expense				$ 0	$ 10	$ 10
Restricted Stock Units (RSUs) [Member] | Vesting on first anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			33.33%
Restricted Stock Units (RSUs) [Member] | Vesting on second anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			33.33%
Restricted Stock Units (RSUs) [Member] | Vesting on third anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			33.33%
Equity Incentive Plan 2010 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued for Equity Incentive Plan (in shares)	19,954

RESTRICTED STOCK UNITS - Summar

RESTRICTED STOCK UNITS - Summary of Restricted Stock Unit Transactions (Details)	12 Months Ended
	Dec. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning balance (in dollars per share) | $ / shares	$ 5.35
Granted (in dollars per share) | $ / shares	0
Settled (in dollars per share) | $ / shares	3.64
Forfeited (in dollars per share) | $ / shares	0
Ending balance (in dollars per share) | $ / shares	$ 0
Restricted Stock Units Granted to Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares)	11,744
Granted (in shares)	0
Settled (in shares)	(11,744)
Forfeited (in shares)	0
Ending balance (in shares)	0
Restricted Stock Units Granted to Management Companies [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares)	11,744
Granted (in shares)	0
Settled (in shares)	0
Forfeited (in shares)	(11,744)
Ending balance (in shares)	0
Restricted Stock Units Granted Total [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares)	23,488
Granted (in shares)	0
Settled (in shares)	(11,744)
Forfeited (in shares)	(11,744)
Ending balance (in shares)	0

SHARE OPTIONS - Additional Info

SHARE OPTIONS - Additional Information (Details)	Nov. 10, 2016$ / sharesshares	Aug. 01, 2016	Mar. 20, 2018shares	Dec. 31, 2017USD ($)$ / sharesshares	Nov. 30, 2016shares	Sep. 30, 2010	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / shareskr / shares	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2016USD ($)$ / shareskr / sharesshares	Feb. 28, 2018$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period						3 years
Expected volatility							71.00%
Expected dividends | $							$ 0
Risk-free rate							1.55%
Expected term of share options							5 years
Share based compensation cost | $							$ 600,000		$ 100,000
Compensation costs not yet recognized | $				$ 1,100,000			$ 1,100,000	$ 1,100,000	$ 1,600,000	$ 1,600,000
Common shares reserved for issuance (in shares)					700,000		0
Weighted average recognition period									0 years
Reverse stock split		0.2
Options Outstanding and Unvested, Weighted average exercise price (in dollars per share) | $ / shares				$ 4.20			$ 4.20	$ 4.20	$ 4.20	$ 4.20
Exercised (in dollars per share) | (per share)							$ 4.20			$ 144.45
Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Unvested, Weighted average exercise price (in dollars per share) | $ / shares											$ 4.10
2016 Share Option Scheme [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued for Equity Incentive Plan (in shares)				60,000			60,000
2016 Share Option Scheme [Member] | Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued for Equity Incentive Plan (in shares)			50,000
2016 Share Option Scheme [Member] | Share options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of scheme					10 years
Term of share options					5 years
Vesting period					3 years
2016 Share Option Scheme [Member] | Share options | Vesting on first anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate					33.33%
2016 Share Option Scheme [Member] | Share options | Vesting on second anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate					33.33%
2016 Share Option Scheme [Member] | Share options | Vesting on third anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate					33.33%
Former Golden Ocean Stock Option Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options outstanding (in shares)									84,000	84,000
Exercised (in dollars per share) | kr / shares								$ 144.45
Senior management
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares reserved for issuance (in shares)					700,000		0
Share options | Senior management | 2016 Share Option Scheme [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share options approved for issuance to senior management (in shares)	700,000
Exercise price (in dollars per share) | $ / shares	$ 4.20

SHARE OPTIONS - Summary of Numb

SHARE OPTIONS - Summary of Number of Share Options Outstanding (Details)	1 Months Ended	12 Months Ended
	Nov. 30, 2016$ / sharesshares	Dec. 31, 2017$ / sharesshares	Dec. 31, 2016$ / sharesshares	Dec. 31, 2016$ / shareskr / sharesshares
Number of Options
Options outstanding at beginning of period (in shares)		700,000
Granted (in shares)	700,000	0
Exercised (in shares)		60,000
Exercisable (in shares)		173,333	0	0
Forfeited (in shares)		0
Options outstanding at end of period (in shares)		466,667	700,000	700,000
Weighted Average Exercise Price
Options outstanding at beginning of period (in dollars per share) | $ / shares		$ 4.20
Granted (in dollars per share) | $ / shares	$ 4.20
Exercised (in dollars per share) | (per share)		4.20		kr 144.45
Exercisable (in dollars per share) | $ / shares		4.20	$ 0	kr 0
Forfeited (in dollars per share) | $ / shares		0
Options outstanding at end of period (in dollars per share) | $ / shares		4.20	4.20
Weighted Average Grant date Fair Value
Outstanding at beginning of period (in dollars per share) | $ / shares		2.47
Granted (in dollars per share) | $ / shares	$ 2.47
Exercised (in dollars per share) | $ / shares		2.47
Exercisable (in dollars per share) | $ / shares		2.47
Forfeited (in dollars per share) | $ / shares		0
Outstanding at end of period (in dollars per share) | $ / shares		$ 2.47	$ 2.47
Management [Member]
Number of Options
Options outstanding at beginning of period (in shares)		700,000
Granted (in shares)	700,000	0
Exercised (in shares)		60,000
Exercisable (in shares)		173,333
Forfeited (in shares)		0
Options outstanding at end of period (in shares)		466,667	700,000	700,000

SHARE OPTIONS - Summary of Shar

SHARE OPTIONS - Summary of Share Option Outstanding (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Options Outstanding and Unvested, Weighted average exercise price (in dollars per share)	$ 4.20	$ 4.20
Options Outstanding and Unvested, Number of options (in shares)	466,667	700,000
Options Outstanding and Unvested, Weighted Average Remaining Contractual Life	1 year 10 months 10 days	2 years 10 months 10 days
Options Outstanding and Exercisable, Number of options (in shares)	173,333	0
Options Outstanding and Exercisable, Weighted average exercise price (in dollars per share)	$ 4.20	$ 0
Options Outstanding and Exercisable, Weighted Average Remaining Contractual Life	1 year 10 months 10 days	0 years

RELATED PARTY TRANSACTIONS - Sh

RELATED PARTY TRANSACTIONS - Ship Finance Additional Information (Details) - Ship Finance International Ltd [Member]	1 Months Ended	3 Months Ended	12 Months Ended
	Apr. 30, 2015USD ($)vessel	Sep. 30, 2015USD ($)vessel	Dec. 31, 2017USD ($)vessel	Dec. 31, 2016USD ($)vessel	Dec. 31, 2015USD ($)vessel
Related Party Transaction [Line Items]
Profit share percentage	33.00%			33.00%
Base rate	0.40%			0.40%
Variable interest rate level	0.10%			0.10%
KSL China, Battersea, Belgravia, Golden Future, Golden Zhejiang, Golden Zhoushan, Golden Beijing and Golden Magnum [Member]
Related Party Transaction [Line Items]
Number of vessels sold and leased back | vessel	8	8	8	8
Historical cost	$ 272,000,000
Charter contract term	10 years	10 years
Daily time charter rate, period 1	$ 17,600	$ 17,600		$ 17,600
Contractual charter term, period 1	7 years	7 years		7 years
Daily time charter rate, period 2	$ 14,900	$ 14,900		$ 14,900
Contractual charter term, period 2	3 years	6 years		3 years
Daily operating expense rate	$ 7,000			$ 7,000
Adjusted daily time charter rate, period 1	50			50
Adjusted daily time charter rate, period 2	25			$ 25
Purchase option net of sellers credit	$ 112,000,000	$ 112,000,000
Charter term extension	3 years	3 years
Daily time charter rate extension	$ 14,900
Dry Bulk Carriers [Member]
Related Party Transaction [Line Items]
Number of Vessels Under Commercial Management | vessel			14	14
Commercial management fee revenue, rate 2			$ 75
Commercial management fee revenue per day for first seven dry bulk vessels			$ 125
Number of vessels for which management fee is $125 dollars per day | vessel			7	7	12
Number of vessels for which management fee is $75 dollars per day | vessel			7
Commercial management fee revenue per day for managing vessels				$ 125
Container Carriers [Member]
Related Party Transaction [Line Items]
Number of Vessels Under Commercial Management | vessel			8	9	11
Commercial management fee revenue per day for managing vessels			$ 75	$ 75	$ 65

RELATED PARTY TRANSACTIONS - Se

RELATED PARTY TRANSACTIONS - Seatankers, Capesize Chartering, and United Freight Carriers Additional Information (Details)	1 Months Ended	12 Months Ended
	Feb. 29, 2016joint_venture_partner	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Jan. 31, 2016vessel	Mar. 31, 2015	Feb. 28, 2015
Related Party Transaction [Line Items]
Number of vessels in revenue sharing agreements | vessel					65
Capesize Chartering Ltd [Member]
Related Party Transaction [Line Items]
Ownership percentage	20.00%	25.00%	25.00%		20.00%	20.00%	20.00%
Number of joint venture partners | joint_venture_partner	4
Number of vessels in revenue sharing agreements | vessel					21
United Freight Carriers [Member]
Related Party Transaction [Line Items]
Ownership percentage		50.00%	50.00%	50.00%
Dry Bulk Carriers [Member] | Seatankers Management Co, Ltd [Member]
Related Party Transaction [Line Items]
Number of Vessels Under Commercial Management | $		20	21
Commercial management fee revenue per day for managing vessels | $		$ 125	$ 125	$ 125

RELATED PARTY TRANSACTIONS - Ma

RELATED PARTY TRANSACTIONS - Management Agreements Additional Information (Details)	Jan. 01, 2017USD ($)	Dec. 31, 2017vessel$ / vessel	Dec. 31, 2016USD ($)vessel$ / vessel	Dec. 31, 2015USD ($)
Frontline Management (Bermuda) Ltd [Member]
Related Party Transaction [Line Items]
Management Fee to be Paid Per Annum | $ / vessel		30,555	31,875
Seateam Management Pte Ltd [Member]
Related Party Transaction [Line Items]
Number of Vessels Under Ship Management | vessel		20	15
Frontline Ltd [Member]
Related Party Transaction [Line Items]
Management Fee Expense			$ 115,000	$ 115,000
Quarterly fee for management of Sarbanes Oxley compliance	$ 17,500
Seateam Management Pte Ltd [Member]
Related Party Transaction [Line Items]
Ownership percentage		22.20%

RELATED PARTY TRANSACTIONS - Ac

RELATED PARTY TRANSACTIONS - Acquisition of vessels from affiliates of Hemen Additional Information (Details) $ in Millions	1 Months Ended				12 Months Ended
	Nov. 30, 2017USD ($)vesselshares	Oct. 31, 2017USD ($)vesselshares	Jun. 30, 2017USD ($)shares	Mar. 31, 2017USD ($)vesselshares	Dec. 31, 2017vesselshares	Dec. 31, 2013vessel
Related Party Transaction [Line Items]
Number of vessels acquired				16		2
Consideration shares issued (in shares) | shares				17,800,000
Hemen Holdings Ltd [Member]
Related Party Transaction [Line Items]
Number of vessels acquired					3
Shares issued for consideration (in shares) | shares					5,300,000
Capesize Vessels [Member] | Hemen Holdings Ltd [Member]
Related Party Transaction [Line Items]
Number of vessels acquired		2
Consideration | $		$ 86
Seller's credit, percentage of price		50.00%
Consideration, cash portion | $		$ 9
Consideration shares issued (in shares) | shares		4,000,000
Consideration shares issued per vessel (in shares) | shares		2,000,000
Number of vessels delivered	1
Shares issued for consideration (in shares) | shares	2,000,000	2,000,000
Seller's credit loan per vessel | $	$ 21.5	$ 21.5
Panamax Vessels [Member]
Related Party Transaction [Line Items]
Number of vessels acquired				8
Panamax Vessels [Member] | Hemen Holdings Ltd [Member]
Related Party Transaction [Line Items]
Number of vessels acquired				2	2
Consideration shares issued (in shares) | shares			3,300,000	3,300,000
Number of vessels delivered					2
Seller's credit loan per vessel | $			$ 22.5	$ 22.5

RELATED PARTY TRANSACTIONS -128

RELATED PARTY TRANSACTIONS - Seller's Credits From Affiliates of Hemen Additional Information (Details) $ in Millions	1 Months Ended				12 Months Ended
	Nov. 30, 2017USD ($)	Oct. 31, 2017USD ($)vessel	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)vessel	Dec. 31, 2017USD ($)vessel	Dec. 31, 2013vessel
Related Party Transaction [Line Items]
Number of vessels acquired				16		2
Hemen Holdings Ltd [Member]
Related Party Transaction [Line Items]
Number of vessels acquired					3
Panamax Vessels [Member]
Related Party Transaction [Line Items]
Number of vessels acquired				8
Panamax Vessels [Member] | Hemen Holdings Ltd [Member]
Related Party Transaction [Line Items]
Number of vessels acquired				2	2
Seller's credit loan per vessel | $			$ 22.5	$ 22.5
Capesize Vessels [Member] | Hemen Holdings Ltd [Member]
Related Party Transaction [Line Items]
Number of vessels acquired		2
Seller's credit, percentage of price		50.00%
Seller's credit loan per vessel | $	$ 21.5	$ 21.5
Seller's Credit [Member] | Hemen Holdings Ltd [Member]
Related Party Transaction [Line Items]
Long-term debt | $					$ 22.5
Debt term		3 years
London Interbank Offered Rate (LIBOR) [Member] | Seller's Credit [Member] | Hemen Holdings Ltd [Member]
Related Party Transaction [Line Items]
Variable interest rate		3.00%			3.00%

RELATED PARTY TRANSACTIONS - Su

RELATED PARTY TRANSACTIONS - Summary of Long-Term Balances Owed to Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Long-term related party debt	$ 44,000	$ 0
Hemen Holdings Ltd [Member]
Related Party Transaction [Line Items]
Long-term related party debt	$ 44,000	$ 0

RELATED PARTY TRANSACTIONS -130

RELATED PARTY TRANSACTIONS - Summary of Net Amounts Charged By Related Parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Net amounts charged by related party	$ 46,963	$ 40,151	$ 28,056
ICB Shipping (Bermuda) Ltd [Member]
Related Party Transaction [Line Items]
Net amounts charged by related party	0	0	579
Frontline Management (Bermuda) Ltd [Member]
Related Party Transaction [Line Items]
Net amounts charged by related party	4,210	6,521	13,192
The Former Golden Ocean [Member]
Related Party Transaction [Line Items]
Net amounts charged by related party	0	0	134
Ship Finance International Ltd [Member]
Related Party Transaction [Line Items]
Net amounts charged by related party	27,977	25,564	12,060
Seateam Management Pte Ltd [Member]
Related Party Transaction [Line Items]
Net amounts charged by related party	3,103	2,638	1,932
Seatankers Management Co, Ltd [Member]
Related Party Transaction [Line Items]
Net amounts charged by related party	9,696	4,216	159
Golden Opus Inc. [Member]
Related Party Transaction [Line Items]
Net amounts charged by related party	1,286	1,114	0
Capesize Chartering Ltd [Member]
Related Party Transaction [Line Items]
Net amounts charged by related party	57	98	0
Hemen Holdings Ltd [Member]
Related Party Transaction [Line Items]
Net amounts charged by related party	$ 634	$ 0	$ 0

RELATED PARTY TRANSACTIONS -131

RELATED PARTY TRANSACTIONS - Summary of Net Amounts Charged To Related Parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Net amounts charged to related party	$ 5,039	$ 2,847	$ 870
Ship Finance International Ltd [Member]
Related Party Transaction [Line Items]
Net amounts charged to related party	738	795	560
Seatankers Management Co, Ltd [Member]
Related Party Transaction [Line Items]
Net amounts charged to related party	933	957	310
United Freight Carriers [Member]
Related Party Transaction [Line Items]
Net amounts charged to related party	0	150	0
Capesize Chartering Ltd [Member]
Related Party Transaction [Line Items]
Net amounts charged to related party	$ 3,368	$ 945	$ 0

RELATED PARTY TRANSACTIONS -132

RELATED PARTY TRANSACTIONS - Summary of Balances Due from Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Related party receivables	$ 1,990	$ 1,927
Capesize Chartering Ltd [Member]
Related Party Transaction [Line Items]
Related party receivables	0	322
Frontline Ltd [Member]
Related Party Transaction [Line Items]
Related party receivables	1,095	1,523
Ship Finance International Ltd [Member]
Related Party Transaction [Line Items]
Related party receivables	60	2
Seatankers Management Co, Ltd [Member]
Related Party Transaction [Line Items]
Related party receivables	825	77
Golden Opus Inc. [Member]
Related Party Transaction [Line Items]
Related party receivables	$ 10	$ 3

RELATED PARTY TRANSACTIONS -133

RELATED PARTY TRANSACTIONS - Summary of Short-Term Balance Due to Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Short-term balances due to related party	$ 2,730	$ 1,387
Capesize Chartering Ltd [Member]
Related Party Transaction [Line Items]
Short-term balances due to related party	879	0
Frontline Ltd [Member]
Related Party Transaction [Line Items]
Short-term balances due to related party	1,822	1,044
Seatankers Management Co, Ltd [Member]
Related Party Transaction [Line Items]
Short-term balances due to related party	0	270
Golden Opus Inc. [Member]
Related Party Transaction [Line Items]
Short-term balances due to related party	$ 29	$ 73

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Details) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 29, 2016$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2016$ / sharesshares	Dec. 31, 2015shares	Feb. 29, 2016kr / shares	Mar. 31, 2015USD ($)	Mar. 31, 2014USD ($)
Related Party Transaction [Line Items]
Shares issued (in shares)	68,700,000	16,372,505
Convertible Debt [Member]
Related Party Transaction [Line Items]
Antidilutive securities excluded from EPS (in shares)		2,264,173	2,268,860	2,007,025
Convertible Debt [Member]
Related Party Transaction [Line Items]
Principal amount | $						$ 200,000	$ 200,000
Convertible conversion price (in dollars per share) | $ / shares	$ 87.19	$ 88.15	$ 88.15
Hemen Holdings Ltd [Member]
Related Party Transaction [Line Items]
Shares issued for consideration (in shares)		5,300,000
Hemen Holdings Ltd [Member] | Convertible Debt [Member]
Related Party Transaction [Line Items]
Antidilutive securities excluded from EPS (in shares)		1,426,769
Hemen Holdings Ltd [Member] | Convertible Debt [Member]
Related Party Transaction [Line Items]
Principal amount | $		$ 124,400
Hemen Holdings Ltd [Member]
Related Party Transaction [Line Items]
Shares issued (in shares)	31,600,000
Share price ( in NOK per share) | kr / shares					kr 25

FINANCIAL ASSETS AND LIABILI135

FINANCIAL ASSETS AND LIABILITIES - Interest Rate Risk Management (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)interest_rate_swap	Dec. 31, 2016USD ($)
Interest Rate Swap [Member]
Derivative [Line Items]
Notional amount	$ 500,000	$ 400,000
Number of new interest rate swaps during the period | interest_rate_swap	2
Increase in notional amount during the period	$ 100,000
Interest Rate Swap 1 [Member]
Derivative [Line Items]
Notional amount	$ 50,000
Fixed Interest Rate	1.22%
Interest Rate Swap 2 [Member]
Derivative [Line Items]
Notional amount	$ 50,000
Fixed Interest Rate	1.93%
Interest Rate Swap 3 [Member]
Derivative [Line Items]
Notional amount	$ 100,000
Fixed Interest Rate	2.51%
Interest Rate Swap 4 [Member]
Derivative [Line Items]
Notional amount	$ 50,000
Fixed Interest Rate	1.22%
Interest Rate Swap 5 [Member]
Derivative [Line Items]
Notional amount	$ 50,000
Fixed Interest Rate	1.92%
Interest Rate Swap 6 [Member]
Derivative [Line Items]
Notional amount	$ 50,000
Fixed Interest Rate	2.41%
Interest Rate Swap 7 [Member]
Derivative [Line Items]
Notional amount	$ 50,000
Fixed Interest Rate	2.58%
Interest Rate Swap 8 [Member]
Derivative [Line Items]
Notional amount	$ 50,000
Fixed Interest Rate	1.90%
Interest Rate Swap 9 [Member]
Derivative [Line Items]
Notional amount	$ 50,000
Fixed Interest Rate	1.86%
Total [Member]
Derivative [Line Items]
Notional amount	$ 500,000

FINANCIAL ASSETS AND LIABILI136

FINANCIAL ASSETS AND LIABILITIES - Forward Freight Agreements (Details)	12 Months Ended
	Dec. 31, 2017
Forward Freight Agreements [Member]
Derivative [Line Items]
Aggregate maturity period	470 days

FINANCIAL ASSETS AND LIABILI137

FINANCIAL ASSETS AND LIABILITIES - Bunker Derivatives (Details) - t	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Bunker derivatives [Member]
Derivative [Line Items]
Outstanding amount	36,000	3,600

FINANCIAL ASSETS AND LIABILI138

FINANCIAL ASSETS AND LIABILITIES - Foreign Currency Risk (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Currency Swap [Member]
Derivative [Line Items]
Notional amount	$ 7	$ 7.2

FINANCIAL ASSETS AND LIABILI139

FINANCIAL ASSETS AND LIABILITIES - Fair Values (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Liabilities
Derivative liabilities	$ 2,293	$ 1,990
Fair Value, Measurements, Recurring [Member]
Assets
Cash and cash equivalents	309,029	212,942
Restricted cash	62,955	54,112
Marketable securities	16,300	6,524
Derivative assets	3,748	1,594
Liabilities
Derivative liabilities	2,293	1,990
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets
Cash and cash equivalents	309,029	212,942
Restricted cash	62,955	54,112
Marketable securities	16,300	6,524
Derivative assets	0	0
Liabilities
Derivative liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Marketable securities	0	0
Derivative assets	3,748	1,594
Liabilities
Derivative liabilities	2,293	1,990
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Marketable securities	0	0
Derivative assets	0	0
Liabilities
Derivative liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Secured Debt [Member]
Liabilities
Long-term debt	1,069,538	886,468
Fair Value, Measurements, Recurring [Member] | Secured Debt [Member] | Fair Value, Inputs, Level 1 [Member]
Liabilities
Long-term debt	0	0
Fair Value, Measurements, Recurring [Member] | Secured Debt [Member] | Fair Value, Inputs, Level 2 [Member]
Liabilities
Long-term debt	1,069,538	886,468
Fair Value, Measurements, Recurring [Member] | Secured Debt [Member] | Fair Value, Inputs, Level 3 [Member]
Liabilities
Long-term debt	0	0
Fair Value, Measurements, Recurring [Member] | Convertible Debt [Member]
Liabilities
Long-term debt	195,000	162,122
Fair Value, Measurements, Recurring [Member] | Convertible Debt [Member] | Fair Value, Inputs, Level 1 [Member]
Liabilities
Long-term debt	0	0
Fair Value, Measurements, Recurring [Member] | Convertible Debt [Member] | Fair Value, Inputs, Level 2 [Member]
Liabilities
Long-term debt	195,000	162,122
Fair Value, Measurements, Recurring [Member] | Convertible Debt [Member] | Fair Value, Inputs, Level 3 [Member]
Liabilities
Long-term debt	0	0
Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member]
Liabilities
Long-term debt	44,000
Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member]
Liabilities
Long-term debt	0
Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member]
Liabilities
Long-term debt	44,000
Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member]
Liabilities
Long-term debt	0
Estimate of Fair Value Measurement [Member]
Assets
Cash and cash equivalents	309,029	212,942
Restricted cash	62,955	54,112
Marketable securities	16,300	6,524
Derivative assets	3,748	1,594
Estimate of Fair Value Measurement [Member] | Secured Debt [Member]
Liabilities
Long-term debt	1,069,538	886,468
Estimate of Fair Value Measurement [Member] | Convertible Debt [Member]
Liabilities
Long-term debt	195,000	162,122
Estimate of Fair Value Measurement [Member] | Other Debt Obligations [Member]
Liabilities
Long-term debt	44,000	0
Reported Value Measurement [Member]
Assets
Cash and cash equivalents	309,029	212,942
Restricted cash	62,955	54,112
Marketable securities	16,300	6,524
Derivative assets	3,748	1,594
Reported Value Measurement [Member] | Secured Debt [Member]
Liabilities
Long-term debt	1,069,538	886,468
Reported Value Measurement [Member] | Convertible Debt [Member]
Liabilities
Long-term debt	178,856	177,300
Reported Value Measurement [Member] | Other Debt Obligations [Member]
Liabilities
Long-term debt	$ 44,000	$ 0

FINANCIAL ASSETS AND LIABILI140

FINANCIAL ASSETS AND LIABILITIES - Assets Measured at Fair Value on a Nonrecurring Basis (Details)	3 Months Ended
	Sep. 30, 2017vessel
Supramax Vessels [Member]
Derivative [Line Items]
Number of vessels classified as held for sale	6

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details)

1 Months Ended

2 Months Ended

3 Months Ended

12 Months Ended

Jan. 31, 2018USD ($)shares

Nov. 30, 2017USD ($)shares

Oct. 31, 2017USD ($)vesselshares

Mar. 31, 2017vessel

Apr. 30, 2015USD ($)

Feb. 28, 2018vessel

Sep. 30, 2015USD ($)vessel

Dec. 31, 2017USD ($)vesselshares

Dec. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2013vessel

Dec. 31, 2008

Mar. 31, 2015vessel

Unrecorded Unconditional Purchase Obligation [Line Items]

Number of vessels acquired upon the merger | vessel

29

Charter term, total

10 years

Number of vessels under capital lease | vessel

8

1

Number of newbuildings on order | vessel

5

Newbuilding commitments

$ 144,600,000

Number of vessels acquired | vessel

16

2

Bareboat charter revenues

$ 0

$ 2,399,000

$ 0

Final arbitration award

9,800,000

Subsequent Event [Member]

Unrecorded Unconditional Purchase Obligation [Line Items]

Number of vessels acquired | vessel

1

Proceeds from settlement of claims

$ 200,000

VLCC Mayfair and VLCC Camden [Member]

Unrecorded Unconditional Purchase Obligation [Line Items]

Proceeds from settlement of claims

2,400,000

Bareboat charter revenue [Member] | VLCC Mayfair and VLCC Camden [Member]

Unrecorded Unconditional Purchase Obligation [Line Items]

Bareboat charter revenues

2,400,000

Ship Finance International Ltd [Member] | KSL China, Battersea, Belgravia, Golden Future, Golden Zhejiang, Golden Zhoushan, Golden Beijing and Golden Magnum [Member]

Unrecorded Unconditional Purchase Obligation [Line Items]

Purchase option net of sellers credit

$ 112,000,000

$ 112,000,000

Charter contract term

10 years

10 years

Charter term extension

3 years

3 years

Daily time charter rate, period 2

$ 14,900

$ 14,900

$ 14,900

Hemen Holdings Ltd [Member]

Unrecorded Unconditional Purchase Obligation [Line Items]

Number of vessels acquired | vessel

3

Shares issued for consideration (in shares) | shares

5,300,000

Hemen Holdings Ltd [Member] | Capesize Vessels [Member]

Unrecorded Unconditional Purchase Obligation [Line Items]

Number of vessels acquired | vessel

2

Number of vessels remaining to be delivered | vessel

1

Consideration per vessel

$ 43,000,000

Seller's credit loan per vessel

$ 21,500,000

21,500,000

Cash payment for vessel purchase

$ 4,500,000

$ 4,500,000

Shares issued for consideration (in shares) | shares

2,000,000

2,000,000

Hemen Holdings Ltd [Member] | Capesize Vessels [Member] | Subsequent Event [Member]

Unrecorded Unconditional Purchase Obligation [Line Items]

Seller's credit loan per vessel

21,500,000

Cash payment for vessel purchase

$ 4,500,000

Shares issued for consideration (in shares) | shares

2,000,000

Golden Eclipse [Member]

Unrecorded Unconditional Purchase Obligation [Line Items]

Number of vessels acquired upon the merger | vessel

1

Charter term, total

10 years

SUPPLEMENTAL INFORMATION - Addi

SUPPLEMENTAL INFORMATION - Additional Information (Details) $ in Millions	1 Months Ended				12 Months Ended
	Nov. 30, 2017USD ($)vesselshares	Oct. 31, 2017USD ($)vesselshares	Jun. 30, 2017USD ($)shares	Mar. 31, 2017USD ($)vesselshares	Dec. 31, 2017vesselshares	Dec. 31, 2013vessel
Supplemental Information Table [Line Items]
Number of vessels acquired				16		2
Consideration shares issued (in shares) | shares				17,800,000
Debt assumed | $				$ 285.2
Hemen Holdings Ltd [Member]
Supplemental Information Table [Line Items]
Number of vessels acquired					3
Shares issued for consideration (in shares) | shares					5,300,000
Quintana Vessels [Member]
Supplemental Information Table [Line Items]
Number of vessels acquired					14
Panamax Vessels [Member]
Supplemental Information Table [Line Items]
Number of vessels acquired				8
Panamax Vessels [Member] | Hemen Holdings Ltd [Member]
Supplemental Information Table [Line Items]
Number of vessels acquired				2	2
Consideration shares issued (in shares) | shares			3,300,000	3,300,000
Seller's credit loan per vessel | $			$ 22.5	$ 22.5
Number of vessels delivered					2
Capesize Vessels [Member] | Hemen Holdings Ltd [Member]
Supplemental Information Table [Line Items]
Number of vessels acquired		2
Consideration shares issued (in shares) | shares		4,000,000
Seller's credit loan per vessel | $	$ 21.5	$ 21.5
Number of vessels delivered	1
Consideration | $		$ 86
Seller's credit, percentage of price		50.00%
Consideration, cash portion | $		$ 9
Consideration shares issued per vessel (in shares) | shares		2,000,000
Shares issued for consideration (in shares) | shares	2,000,000	2,000,000
Cash payment for vessel purchase | $	$ 4.5	$ 4.5
Quintana Shipping Ltd [Domain]
Supplemental Information Table [Line Items]
Number of vessels acquired					14
Shares issued for consideration (in shares) | shares					14,500,000
Quintana Shipping Ltd [Domain] | Quintana Vessels [Member]
Supplemental Information Table [Line Items]
Number of vessels acquired				14
Consideration shares issued (in shares) | shares				14,500,000
Debt assumed | $				$ 262.7
Quintana Shipping Ltd [Domain] | Capesize Vessels [Member]
Supplemental Information Table [Line Items]
Number of vessels acquired				5

SUBSEQUENT EVENTS - Additional

SUBSEQUENT EVENTS - Additional Information (Details)	1 Months Ended					2 Months Ended	12 Months Ended
	Mar. 20, 2018shares	Jan. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)shares	Nov. 30, 2017USD ($)shares	Oct. 31, 2017USD ($)shares	Feb. 28, 2018USD ($)vessel	Dec. 31, 2017USD ($)shares	Dec. 31, 2016USD ($)	Mar. 31, 2014
Subsequent Event [Line Items]
Loan draw downs							$ 337,736,000	$ 142,200,000
2016 Share Option Scheme [Member]
Subsequent Event [Line Items]
Shares issued for Equity Incentive Plan (in shares) | shares			60,000				60,000
Hemen Holdings Ltd [Member]
Subsequent Event [Line Items]
Shares issued for consideration (in shares) | shares							5,300,000
Hemen Holdings Ltd [Member] | Capesize Vessels [Member]
Subsequent Event [Line Items]
Shares issued for consideration (in shares) | shares				2,000,000	2,000,000
Seller's credit loan per vessel				$ 21,500,000	$ 21,500,000
Cash payment for vessel purchase				$ 4,500,000	$ 4,500,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of newbuildings delivered | vessel						5
Newbuilding installments						$ 144,600,000
Loan draw downs						150,000,000
Cash dividends						0.10
Subsequent Event [Member] | 2016 Share Option Scheme [Member]
Subsequent Event [Line Items]
Shares issued for Equity Incentive Plan (in shares) | shares	50,000
Subsequent Event [Member] | Hemen Holdings Ltd [Member] | Capesize Vessels [Member]
Subsequent Event [Line Items]
Shares issued for consideration (in shares) | shares		2,000,000
Seller's credit loan per vessel		$ 21,500,000
Cash payment for vessel purchase		$ 4,500,000
Convertible Debt [Member]
Subsequent Event [Line Items]
Loan draw downs							$ 0	$ 0
Debt repurchase			$ 9,400,000				$ 9,400,000
Stated interest rate			3.07%				3.07%		3.07%
Convertible Debt [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Debt repurchase						$ 9,400,000
Conversion price, percentage of par value						97.725%
Repurchase amount held						$ 18,800,000
Percentage repurchased						9.40%