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EARNINGS (LOSS) PER SHARE (Tables)
6 Months Ended
Jun. 30, 2021
EARNINGS (LOSS) PER SHARE [Abstract]  
Basic and Diluted Earnings per Share
Basic earnings per share (“EPS”) are computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted-average number of common shares and dilutive common stock equivalents outstanding during the period.

 
Six months ended June 30,
 
All figures in USD ‘000 except share and per share amounts
 
2021
   
2020
 
Numerator
           
Net Income (Loss)
   
(53,718
)
   
88,716
 
Denominator
               
Basic – Weighted Average Common Shares Outstanding
   
153,746,698
     
147,872,500
 
Dilutive – Weighted Average Common Shares Outstanding
   
153,746,698
     
147,872,500
 
Earnings per Common Share
               
Basic
   
(0.35
)
   
0.60
 
Diluted
   
(0.35
)
   
0.60