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VESSELS, NET (Tables) | 12 Months Ended
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Dec. 31, 2011
VESSELS, NET [Abstract] |
Vessels, net |
All figures in USD ‘000 |  | Vessels |  |  | Drydocking |  |  | Total |
Net Book Value December 31, 2010 |  |  | 971,018 |  |  |  | 17,245 |  |  |  | 988,263 |
Accumulated depreciation December 31, 2010 |  |  | 275,744 |  |  |  | 19,782 |  |  |  | 295,526 |
Depreciation expense 2010 |  |  | 53,181 |  |  |  | 9,364 |  |  |  | 62,545 |
Net Book Value December 31, 2011 |  |  | 1,005,147 |  |  |  | 17,646 |  |  |  | 1,022,793 |
Accumulated depreciation December 31, 2011 |  |  | 334,846 |  |  |  | 9,398 |  |  |  | 344,244 |
Depreciation expense 2011 |  |  | 59,102 |  |  |  | 5,524 |  |  |  | 64,626 |
Capitalized costs | The table below shows total capitalized costs related to the two newbuildings delivered in 2011:
All figures in USD ‘000 |  | 2011 |  |  | 2010 |
Newbuilding - Nordic Breeze |  |  |  |  |  |
Instalment |  |  | 64,750 |  |  |  | 35,700 |
Capitalized interest |  |  | 417 |  |  |  | 191 |
Capitalized cost |  |  | 2,091 |  |  |  | 183 |
Total Newbuilding – Nordic Breeze as per December 31, |  |  | 67,258 |  |  |  | 36,074 |
All figures in USD ‘000 |  |  |  |  | 2010 |
Newbuilding – Nordic Zenith |  |  |  |  |  |
Instalment |  |  | 64,750 |  |  |  | 35,700 |
Capitalized interest |  |  | 501 |  |  |  | 191 |
Capitalized cost |  |  | 2,035 |  |  |  | 160 |
Total Newbuilding – Nordic Breeze as per December 31, |  |  | 67,286 |  |  |  | 36,051 |
Total as per December 31, |  |  | 134,544 |  |  |  | 72,125 |

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- Definition Tabular disclosure of net book value, accumulated depreciation, and depreciation expense of vessels that are used in the normal conduct of business and not intended for resale. + References No definition available. + Details
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