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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2019
EARNINGS PER SHARE [Abstract]  
Basic and Diluted Earnings per Share
Diluted EPS is computed by dividing net income by the weighted average number of common shares and the impact of potentially dilutive common stock equivalents were excluded as their effects would be anti-dilutive.
 
 
Six months ended June 30,
 
All figures in USD ‘000 except share and per share amounts
 
2019
  
2018
 
Numerator
      
Net (Loss)/Income
  
(9,341
)
  
(46,861
)
Denominator
        
Basic – Weighted Average Common Shares Outstanding
  
141,969,666
   
141,969,666
 
Dilutive – Weighted Average Common Shares Outstanding
  
141,969,666
   
141,969,666
 
Earnings per Common Share
        
Basic
  
(0.07
)
  
(0.33
)
Diluted
  
(0.07
)
  
(0.33
)