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RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Detail Textual 1) $ in Millions | 12 Months Ended
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Dec. 31, 2017 USD ($) Tanker Banks | Dec. 31, 2016 USD ($) | Dec. 31, 2015 USD ($)
Disclosure of nature and extent of risks arising from financial instruments [line items] |  |  |
Carrying value of fleet | $ 1,294.0 | $ 1,344.0 |
Market value of fleet (excluding undelivered newbuildings) | $ 1,260.0 | $ 1,260.0 |
Number of vessels on order for delivery in 2018-2019 | Tanker | 10 |  |
Threshold percentage of total voyage costs as cost of fuel oil consumed by vessels | 55.00% | 50.00% | 57.00%
Percentage of bunker consumption hedged | 3.30% | 0.90% | 0.20%
Percentage of bunker requirements for hedging instruments | 2.10% | 1.60% | 0.70%
Number of banks having loan portfolio | Banks | 9 |  |
Aggregate insured value of hull and machinery and interest for TORM's owned vessels | $ 1,400.0 | $ 1,600.0 | $ 2,000.0
Percentage of frieght revenues | 8.20% | 12.60% | 12.60%
Average percentage of demurrage | 97.00% | 96.80% | 96.00%
Percentage of total freight revenues as demurrage | 16.80% | 15.00% | 17.70%
Percentage of forward freight agreements (FFAs) and fuel swaps | 65.00% | 93.00% | 100.00%
Percentage of administrative expenses denominated in currencies other than USD | 98.00% | 99.00% | 98.00%
Percentage of operating expenses denominated in currencies other than USD | 25.00% | 27.00% | 26.00%
Percentage of administrative and operating expenses denominated in currencies in DKK and EUR | 62.00% | 74.00% | 55.00%
Percentage of exposure to interest rate risk | 63.00% | 68.00% | 65.00%
Floating rate loans description of variable rate basis | 3 or 6 months Libor |  |
Increased interest-bearing debt | $ 719.1 | $ 671.6 | $ 767.2
Liquidity reserve in cash | 134.0 |  |
Undrawn credit facilities | 271.0 | 190.0 | 75.0
Revolving Credit Facilities |  |  |
Disclosure of nature and extent of risks arising from financial instruments [line items] |  |  |
Undrawn credit facilities | 75.0 |  |
Interest bearing debt |  |  |
Disclosure of nature and extent of risks arising from financial instruments [line items] |  |  |
Increase (decrease) in interest-bearing debt | 47.0 | (95.0) | 639.0
Increased interest-bearing debt | $ 719.0 | $ 672.0 | $ 767.0
Handysize Tanker |  |  |
Disclosure of nature and extent of risks arising from financial instruments [line items] |  |  |
Number of tanker sold | Tanker | 3 |  |
MR Tanker |  |  |
Disclosure of nature and extent of risks arising from financial instruments [line items] |  |  |
Number of tanker sold | Tanker | 1 |  |
Number of tanker purchased | Tanker | 2 |  |
Number of additional tanker purchased | Tanker | 3 |  |
LR1 Tanker |  |  |
Disclosure of nature and extent of risks arising from financial instruments [line items] |  |  |
Number of additional tanker purchased | Tanker | 1 |  |

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