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LIQUIDITY, CAPITAL RESOURCES AND SUBSEQUENT EVENTS (Details textuals 1) | 1 Months Ended |  |  |  |
--- | --- | --- | --- | --- | ---
Jan. 26, 2018 USD ($) $ / shares shares | Jan. 23, 2018 USD ($) shares | Jan. 22, 2018 USD ($) | Dec. 31, 2017 shares | Dec. 31, 2016 shares | Apr. 15, 2016 $ / shares | Apr. 15, 2016 kr / shares | Dec. 31, 2015 shares
Disclosure of non-adjusting events after reporting period [line items] |  |  |  |  |  |  |  |
Number of shares issued |  |  |  | 62,298,848 | 62,298,848 |  |  | 63,836,251
Par value of common shares (in DKK) | (per share) |  |  |  |  |  | $ 0.01 | kr 15 |
Common class A shares |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period [line items] |  |  |  |  |  |  |  |
Number of shares issued |  |  |  | 62,298,846 | 62,298,846 |  |  | 63,836,249
Common class B shares |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period [line items] |  |  |  |  |  |  |  |
Number of shares issued |  |  |  | 1 | 1 |  |  | 1
Common class C shares |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period [line items] |  |  |  |  |  |  |  |
Number of shares issued |  |  |  | 1 | 1 |  |  | 1
Entering into significant commitments or contingent liabilities |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period [line items] |  |  |  |  |  |  |  |
Maximum financing of secured commitment for attractive vessel | $ |  |  | $ 50,000,000 |  |  |  |  |
Major ordinary share transactions |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period [line items] |  |  |  |  |  |  |  |
Proceeds from private placement | $ |  | $ 100,000,000 |  |  |  |  |  |
Number of shares issued in Private placement |  | 11,920,000 |  |  |  |  |  |
Nominal value of shares issued | $ | $ 742,188.48 |  |  |  |  |  |  |
Number of shares issued | 74,218,846 |  |  |  |  |  |  |
Major ordinary share transactions | Common class A shares |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period [line items] |  |  |  |  |  |  |  |
Par value of common shares (in DKK) | $ / shares | $ 0.01 |  |  |  |  |  |  |
Major ordinary share transactions | Common class B shares |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period [line items] |  |  |  |  |  |  |  |
Par value of common shares (in DKK) | $ / shares | 0.01 |  |  |  |  |  |  |
Major ordinary share transactions | Common class C shares |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period [line items] |  |  |  |  |  |  |  |
Par value of common shares (in DKK) | $ / shares | $ 0.01 |  |  |  |  |  |  |
Classification of assets as held for sale |  |  |  |  |  |  |  |
Disclosure of non-adjusting events after reporting period [line items] |  |  |  |  |  |  |  |
Net profit from sale of vessels | $ | $ 600,000 |  |  |  |  |  |  |

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